Myles Watkins -Is Cryptocurrency a Good Investment? Most cryptocurrency investors take crypto as a long-term investment. According to Myles Watkins, a few investors declare they will never trade their cryptocurrency because they think that crypto will beat both gold and fiat currency. Nevertheless, cryptocurrencies have gone through multi-year bear markets, forcing thousands of investors to relinquish 50% or more from their portfolios. However, Bitcoin has cracked all-time high costs time and time again. On the other hand, a few crypto traders take cryptocurrencies as a short-term investment. Even those who believe cryptocurrency prices will rise regardless will buy tokens that have no real value.
Cryptocurrency as a Short Term Investment Traders who fund cryptocurrencies for the short term care less about the utility of the cryptocurrency and better about the price record of the coin. Let's take an example, multiple short-term crypto investors invest in Dogecoin, which has no competitive benefits over other bigger cryptocurrencies like Bitcoin.