For me to act on investing my money in something, I should have a defined value metric that I should reasonably be able to predict or valuate. But the thing with Bitcoin is that I have absolutely no way of doing that. The entire market is controlled by a few whales and whenever people are hyped up in sentiment or retreating. If you want to argue speculating, fine, there is nothing wrong with that (I personally speculate), but even then why should I speculate on an asset class where I am at the will of sentiment, whereas if I were to target let's say a micro-cap stock where I have even gotten to read and understand the business they are in, and I have a better grasp of how exactly their value is derived, isn't that a better way to speculate?