I talk to these people all the time. Them: "I KMOW stock XXX is going to be at price YYY in time Z." Me: "How much have you invested in stock XXX?" Them: "Oh nothing yet".

If you "invested" in bitcoin wouldn't you keep talking about how great it is?

There's tons of folks on hn betting their shorts on bitcoin and way more exotic things, just that hopefully we can all afford to lose our, uh "investments" ;)

I think he means within the context of the Cryptocurrency market, which he is pretty correct on.

Many other coins have gone up 2x, 5x, even 10x in the last weeks/months.

Bitcoin going from 4K to 20K in 4 years (ie 5x) is relatively tame.

I see things this way as well.

Options and derivatives are risky. A merely volatile asset that never expires is pretty conservative in comparison.