"So I put a total of about $50,000 USD and bought in. I don't know how long I'll keep it in, but I'm thinking at least 5 to 10 years, maybe longer. I haven't told anyone and I don't plan to, but I feel good about it. Another thing I think about is that there will only be 21 million bitcoins ever released, and that is NOTHING when I stop and think about it. To me it seems like a great opportunity."

Wow. That person has intestinal fortitude.

and severe naivety.

Yes, although naive people sometimes make money because they don't know what they don't know.

Sometimes, but if you bought 10,000 beanie babies when they were hot, you might be able to sell off some rare ones, if you have them, but otherwise you're eating that loss.