Cash and Bitcoin have their separate pros and cons and I really don't think that we should be comparing them at all. Offline transactions = cash, Online = Bitcoin.

Do you mean bears will soon take over when their greed level peaks? Anyway, great for those who got in early. Just saw the entirety of the Crypto market still going green.

Short Term = for traders who already know what they are doing and are making 'constant' income from trading.
Long Term = for average people who have full-time jobs and inadequate time to learn trading. Once they learn how to trade, they can go for short term trades while still keeping their long-term portfolio intact.

Measuring by the percentage gain/loss would be a good way to document your trades and the overall growth of your account.

Bitcoin has already changed A LOT of things and I believe that it will continue to do so because it's simply unstoppable and uncontrollable by the elite few.