Gold is great, silver is great, Bitcoin is also great. Bitcoin and the hundreds of altcoins after it have become an alternative to traditional money, which is pretty cool. They offer a myriad of advantages, but they do have disadvantages as well.

I think Schiff does have a point in that there are so many forks and alternatives that the value proposition of BTC may not always make it the top dog. The inventor of the first phone is not the top smart phone manufacturer today, for example. It is speculation that the price will once again skyrocket, but the market as a whole is something that I don't think is just going to go away anytime soon.

I can see the comparison to the dotcom boom where everyone was adding .com to their name so they could get on the bandwagon, but there were some winners there too that could have made you a fortune if you stuck it out for the long haul. Same with stocks in the recent US recession. So my thought is to 100% not invest more than I can lose, and to diversify a bit in different things. Steem may as well go to a penny for all I know, but it could also grow into becoming a top cryptocurrencies, same with the scores of other interesting projects out there.