Originally Posted By: joemikeb
Originally Posted By: grelber
Yes, its underlying mechanism very much resembles the vicissitudes of the stock market.

I would say Bitcoin is closer to commodities futures trading except even in commodities futures investors are betting on the production of something with an intrinsic value. With Bitcoin you are betting on the value of Bitcoin which has no underlying intrinsic value other than a transaction record on a computer somewhere.

So it's similar to say, gold futures? (although gold does have an intrinsic value, that is far less than its value as a jewelry or currency/wealth placeholder)

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