I'm very skeptic of long term gains with cryptocurrencies. As long as more and more come into play what is going to keep any of them popular and hold value? I think unless they are backed by precious metals it's just a popularly contest. How do we know bitcoin won't be the next MySpace once everyone moves to the next best currency like Facebook. Sure, huge gains are possible as long as someone is willing to buy but eventually everyone will be buying something different. Just my thoughts. What are yours?
RE: Short-term Profits and Long-term Gains