octaft
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November 08, 2014, 03:14:44 PM

Why would otherwise sensible silicon valley venture capitalists invest so heavily in an ecosystem as small as bitcoin without evidence of user growth, or invest at all if 'the big fundamental fact' was bearish?


He answered your question in the very post you responded to. Bitcoin services can make money off fees regardless of the price. For that matter, investors are not infallible, and at the same time understand the potential for some of their investments to be flops. Can't hit a homer if you never swing.