Quote from: brg444 on December 27, 2014, 08:38:39 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"?

What the fuck does "natural" even mean?

A year is absolutely arbitrary. The market doesn't care about the laws of the universe or how long the orbital period of Earth moving around sun is.

It is a standard measure of time used by Earthlings, being "the orbital period of the Earth moving in its orbit around the Sun."
When I speak to Earthlings about Bitcoiners, I often suggest that a typical Bitcoiner's financial acumen is that of a five-year-old, instead of "2.5 two_year-old," or "49 37-day-old)."

Financial statements are also not typically issued in "2-yearly" or "37-day" statements.
Hope this helps