I have most of my wealth in Bitcoin and other altcoins. But that's so, because I am a student and have not much wealth. In a few month I will hopefully earn a good income and will invest in other things like Bitcoin. But I am confident. Maybe I put half or one third in crypto currencies (let's talk in one year again).
that's so reckless to put all your wealth into BTC. as far as we know, there is a 50/50 chance that BTC will even make it. no one really knows what's going to happen. it's fine to be for the bitcoin movement, but you could easily end up losing almost everything.
There is a 50/50 chance that BTC will make it but there is a 0% chance that USD would make it, if BTC crushes you would still have your farm land, real estate, businesses, investments etc since you only keep "change" in BTC, I am amazed at how many people didn't ready the original post.
I think the austrian economics predict the end of the dollar for 50 years and more. I like austrian economics, but the USD does surprisingly well the last couple of years.
All my wealth is in Bitcoin, though all of it has come from mining and trading. For the past two years I have been living in a dirt cheap apartment, eating noodles, and barely going out. I'm extremely fiat poor but have resisted any temptation to sell my coins.
I'm now trying to decide how I'd like to retire.
I hope you have not much BTC. I imagine a man with 1000btc but lives like a homeless man, because he does not want to change his bitcoin in USD to buy something nice. Then with the last breathe of life I send you a cake with "Was it worth it?".
