> Buying it now is fairly reasonable.

I'd wait few months. If it is actually crashing not just backing up before next silly raise then you'd be better off waiting till it settles after the crash. It usually takes few months or a year.

If you don't want to gamble, bitcoin is rather long term investment.

I opened a bank account for BitCoin and put less then $100 into for investment. No way would I ever connect my real bank account to any crypto currency wallet.

Anyway I invested the $100 and I am down, but whatever it's like going to the casino and gambling/losing it all.

Yeah I mean it's just $100. Not much to go up or down on with it.

no matter what term you invest on it's a gamble.

Technically true, no matter what you invest in and for how long, but I suspect casinos would be less thrilling places and caused less addictive costly behaviors if you had to wait for the outcome of your gamble few years.

It's not even done crashing

Is there any evidence the price should have went from $1k to almost $20k other than hysteria and fraud? If not, why buy?

To be fair, it probably will be pumped to $50k some time in the future (before crashing again). It's what Bitcoin does. After ten years, it's all it does.

In 2011 (or something, I'm going by memory) it rose to $30 before crashing back to about $5. In 2013 (still the days when all people had to do was spam a few forums) it reached $10, $100, $200 before stagnating until MtGox and Willybot pumped it up to $1k.

ISTR some people back then were predicting $10k BTC by the end of the next year (end of 2014). Instead it was about $500 or something, and BTC didn't reach $1k again for about three years (the start of this year or end of last year).

I think this latest pump brought in a lot of Regular Joe speculators. Not sure if that can be repeated again, but I guess all those Regular Joes now have Coinbase accounts, so maybe.

A question for a recurrent neural network, maybe.