The question should be Shall I gamble what I can afford to lose on Bitcoin. To that question Id say Why not? If you hold for a reasonable target rice and then sell when it hits your target, the odds are you will do OK. I would certainly not hold forever. I dont think Bitcoin or most of the digital currencies supported by block-chain technology are Ponzi Schemes. But I do advise you to KNOW WHAT YOU ARE DOING! Always Investigate before you invest. If you must invest in it, remember the golden rule of investing - Never invest more than what youre willing to lose. If you absolutely must, no more than 10% of your portfolio must be invested in risky assets.