Isn't there long-term risk if other coins have better privacy, faster processing and hold more data in each block?
Betamax and V2000 were better than VHS, still the Network-effect of being most-used won. Also, innovations like Segwit and Lightning keeps Bitcoin ahead or on par. There's work on privacy innovations as well.
Sure: VHS, is just replaced by new hardware. But with Bitcoin we are talking Software! It's programmable money, so very easy (compared to hardware standards like VHS) to modify and innovate and keep it up-to-date (even state-of-the-art).
lol, it was YOUR analogy. And maybe a good one, I wouldn't commit to holding any investment for the rest of my life.
%% That's one of the few i could keep for a lifeTIME, amen.QQQ... also, even though only a single stock or 2, would not have best reward +, much to risky. But SPY, DIA, QQQ, IWM........ have the advantage of kicking out losers...................................... And like the Market Maker Warned[paraphrase] 3,000 stocks =hard to hedge.
I've been told that Leucadia national invests somewhat like Berkshire Hathaway. But stock is much cheaper