If you had bought a bitcoin on 11/02/21

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7. Yes it's highly speculative.

You're not only betting on acceptance of crypto, you're also betting on which crypto becomes the standard, and you're betting that no future crypto is going to come along and replace it.

Never mind where supply and demand push the actual price to.

Personally I mostly use btc for very temporary transactions. If a vendor will give a discount for btc so they avoid merchant fees, usually. So I buy btc and immediately send it. I have maybe a couple hours of btc risk at a time and I make a big as often as I lose a bit.

Lately I've been keeping a few hundred dollars worth in my wallet, not as an investment, just to cut down on the exchange hassles. Not going to lose sleep over maybe $40 I lost since November. I probably made double that last year and it's all noise anyway.