... but holding Dollars now seem very risky...
Bro, over the past year the dollar has lost less buying power than BTC has over the past 24hrs. Learn life.
Keeping Dollar instead of Bitcoin was a good trade this year but long term I don't think it will. Rich people have their wealth in assets not fiat.
A year timeframe is far from "arbitrary." 37 days would be arbitrary. 2 years would be arbitrary, A year is a natural.
A year is also far from "short" for Bitcoin--Bitcoin's entire history is 5 years, 3 of which were spent in single-digit obscurity.
But hey, if Bitcoin is going to be huge in 9009, I think I'll pass on it for the time being.
On a more positive note, Bitcoin's been getting some recognition lately. What was it, "The worst investment of 2014"?
Anytime you want to measure an investment's performance you want to look at as long as a timeframe as possible to get the most accurate result
In that case, Bitcoin is an infinitely good investment, its IPO price was 0 [zero].
This also makes Dogecoin, Litecoin, and every shitcoin still being mined an infinitely good investment.
If it's not obvious (and, on this forum, I've learned to take nothing for granted), I'm joking.
Investing in a pyramid scheme is smart, provided you know that it's a scheme & can get out early. Investing in one when it's starting to crumble is not.
