We only disagree on one point then:
Gold, stocks and real estate are risky. Buying land is only useful if you know how to and you are willing to farm it yourself. Of course you could set yourself up with someone renting the land for a part of their harvest. But I think could be borderline immoral, and history has shown that isn't the way to efficiency.
Gold, maybe blue chips stocks and Real Estate are obviously far less risky than Bitcoin. There is only one Gold, and has only ever been, and it's always been a store of value. Bitcoin however has competitors, is not totally proven etc., it's obviously a high risk high return investment.
For this reason I believe you should only either invest a small part of your net worth for the longer term, OR if you invest a large part, you be prepared to watch it like a hawk.
1. I'm not disputing the immense first mover advantage of gold. I only think it's risky because there is so much of it in asteroids and because it can be synthesized. Mining gold on asteroids probably won't happen until late this decade or early next, but when do you think investors will catch on and move out?
2. Blue chip stocks are interesting. If you chose the right company you could be dealing with less risk. That being said, it's hard to find the right company...even Microsoft is mentioned in the "blue chip" article on Wikipedia even though their main business is selling an inferior product that is easily copied without giving Microsoft a dime. You could look to big and old companies like IBM and GE that have survived and reinvented themselves time and time again, but is past performance
reallya measure for future performance? Besides, IBM should have been set on trial for collusion with the enemy during WW2. Though it shows adaptability for a company to do so, I still wouldn't want to put my money with a company that actively participated in making the holocaust possible - but hey, that's just me. Do you have any tips for "sure bet" companies?
3. Real estate. Are you kidding me? The volatility of the real estate market has been crazy, almost in every single country in the world. What's to stop any city from going down the same road as Detroit? What will your real estate be worth then?
4. I'm not denying that one should spread around one's investments. However I answered this thread with the assumption that most people hadn't invested their entire net worth in Bitcoin. And as I said above, if you were early in the game, and suddenly ended up with tons of
BTC then easy come, easy go - of course you can afford to lose something you didn't have to begin with.
5. Watching Bitcoin like a hawk is a good idea. Is there a way to set up something like an rss-feed or something that will alert you to certain swings in the price that you specify beforehand and make you're mobile phone go apeshit to alert you?
I would add that investing more than you can afford to lose in "beta software" is plain and simply foolish.
Then where would you invest it? Remember that simply keeping your cash in a bank account is investing in fiat, the safety of your bank and taking on the huge systemic risk of the broken financial system.
