Quote from: funtotry on December 28, 2014, 09:02:23 PM

Quote from: NotLambchop on December 27, 2014, 08:28:44 PM

Quote from: scarsbergholden on December 27, 2014, 08:16:01 PM

Quote from: picolo on December 27, 2014, 05:38:45 PM

Quote from: NotLambchop on December 25, 2014, 06:22:03 PM

Quote from: picolo on December 25, 2014, 06:10:54 PM

... 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.

You need to look at a much longer time frame then just one year when determining how good of an investment something is/was. Looking at a one year ROI is an arbitrary short time frame. If you were to double that and look at a 2 year ROI you will see that someone who purchased bitcoin this time in 2012 would have grown their money by ~30x while the value of their dollar would have been roughly the same (there was very low inflation over the past 2 years)

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"?

Your statement is true for financial statements however it is misleading when measuring the performance of investments. There have been many scandals where mutual fund companies had used specific measurements to make it look like their funds' performance was better then the index they were trying to beat by measuring at arbitrary times, over arbitrary timeframes.

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.