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> " If it's not too much to ask, can you better explain me your reasons? Is $500 a large amount of money for your budget? " BitCoin has no associations in my mind except distasteful scams, hustle and the seedier side of life. The feeling is that you're trying to convince me to buy into Amway or an MLM scheme or a holiday time share. It wouldn't just be "wasting $500" it would be "being scammed". Wasting $500 would be mildly annoying, being scammed while watching it happen and thinking "this is a scam" and still going along with it would be infuriating . I could spare it. If I lost it, the loss would not inconvenience me. But you are acting as if BitCoin is doing something new here - I can already hold some high-risk/high-return investments, and they are some that I think have a chance of increasing in value for reasons that I understand at least at a high level. For one example, Segway had a very understandable business model: invent and patent a new vehicle, make and sell it. The risk was that nobody would buy, and they didn't. By comparison, I don't understand at any level why BitCoin's price is what it is, and have no confidence it won't collapse suddenly and completely instead of going up. I don't know what it would take to make the price go 50x higher to get any feeling if that's likely or unlikely. I don't know why it would happen to Bitcoin specifically instead of Litecoin, Namecoin, Peercoin, Dogecoin, xRipple, Nxt, Monero, Stellar, Ethereum, etc. Buying a cheap specu