I'm too retarded to get into Bitcoin, but if I had, I'd have sold out ASAP because it would've just been a means to earn American dollars and dip. I can't imagine actually investing everything you have into it.
That's bitcoins fundamental problem. It's value is entirely derived from people believing they may be able to exchange it for a large amount of fiat currency.
At least with fiat, even if a large amount of it's value is arbitrary, you still need it to pay taxes, which guarantees that everyone values it, at least a little.
I'm too retarded to get into Bitcoin, but if I had, I'd have sold out ASAP because it would've just been a means to earn American dollars and dip. I can't imagine actually investing everything you have into it.
That's bitcoins fundamental problem. It's value is entirely derived from people believing they may be able to exchange it for a large amount of fiat currency.
At least with fiat, even if a large amount of it's value is arbitrary, you still need it to pay taxes, which guarantees that everyone values it, at least a little.
I am not recommending any asset. But You do know that USD is GUARANTEED to be debased over any long enough time frame?
The Fed was even talking about printing massive amounts of extra cash whenever official inflation is under 2%.