For those that wish to understand some aspects of the positive case for Bitcoin, I (again) recommend this piece (a 20-30 minute read):
https://www.lynalden.com/invest-in-bitcoin/
To me, it comes across as balanced and objective, and the author seems knowledgeable and smart.
If someone can point me towards a similarly detailed, well-balanced and objective piece with an anti-Bitcoin conclusion, I would be very glad to read it.
Yeah, that article doesn't say anything different than what has been said here, and it basically says that Bitcoin is appropriate as a small portion of an otherwise well diversified investment portfolio because of the speculative potential.
This is exactly in line with what basically everyone on this forum agrees with in terms of crypto as an investment. Some coins will explode in value, Bitcoin may continue to explode in value. A small portion of a well diversified portfolio invested in crypto is a reasonable way to capture some of that potential explosive growth.
I don't think anyone here would argue against that. I don't even think B42 would argue against anyone gambling a small part of their portfolio on a speculative investment, even if he believes the growth is based on nonsense. There's still potential money to be made in nonsense.
That's why I asked the question early on, if I'm not concerned about FOMO or speculation, is there any logical reason that I should be invested in crypto at this time, and the response from both sides was "not really".
I personally have an interesting perspective, because I'm very interested in understanding, I don't hold an anti-crypto position, but I have zero FOMO, so I'm not looking at it from an individual investment perspective.
I'm just trying to cut through the bullshit. And there is A TON of bullshit. ESPECIALLY from the pro-crypto side.
I'm sorry, but objectively, I have never seen more fucking nonsense than I have read and heard from tons and tons of morons who are intensely bullish on crypto.
Like the article you cited, the most rational, and reasonable perspectives I've seen that are pro-crypto have been very conservative in their investment recommendations.
I have yet to see a compelling source that recommends anything beyond a modest, speculative play.
Because I keep seeing what I'm hearing from the kind of people who are currently advising governments on future use of blockchain. The money in new inventions is almost never in the inventions, it's in the businesses who figure out how to use the inventions.
So the more I learn about this, the more I'm becoming convinced that individual coins are not the optimal crypto play, but that there are no ideal plays for individual consumers at this point. So small, speculative coin purchases remain the most reasonable bet for people with FOMO.
Exactly as that article states.
As always though, I am not at all confident in my position, and am very open to learning how my interpretation is wrong. I'm just REALLY struggling to find high quality pro-crypto content that says anything other than what you've already posted.