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RE: Short-term Profits and Long-term Gains

in #cryptocurrency7 years ago

I personally am a long term investor because I'm a believer in the fundamental technology and mission of blockchain. I promote HODL-ing, but I don't feel comfortable telling people not to try to profit from these fluctuations. I imagine once a larger critical mass of people are in this space, we will not see these massive price swings and the markets will become more efficient. I think we're a ways off from that, but as we approach the $1 T market cap number, I'm hopeful the volatility will tame down.

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I agree. Much higher market caps should bring stability, assuming enough people stop believing in fiat currency. If they continue to believe in it, the central bankers will just keep buying up cryptocurrency using money they create from nothing to play with the market for their own advantage.