Twenty years later - nearly to the day - the exact same thing happened again - and the same people were telling me I was "dumb" to get out of the Real Estate market when so many people were "cleaning up". This time around, I listed to my gut instincts, and not the "experts". I made a million dollars, literally.
Yes, the dollar could also crash, but I am not so sure it will. The economy is growing, inflation is down, and interest rates are low. The rest of the world still cherishes U.S. Dollars and while China may hold a ton of our debt, we are paying them very little in interest for these loans (and despite what tea-baggers say, China cannot "call" this loan. If you own a t-bill, you know how powerless you are as a creditor to the USA).
So, no, I don't buy the arguments that bitcoins are just like dollars and based on perception alone. And no, it is not because I'm too dumb to get it, but because the argument is bullshit. And I'm old enough to detect bullshit when I see it.