Tell me if I'm wrong, but, talking long term, I see no reason for not holding crypto for months or years at all. I bought some LTC, ETH and BTC, and regarding their perks I just can't see a reason why they would ever be devalued. Yes, they may dip and lose value momentarily, but I see no reason they won't be used in the future as actual currency.
Maybe to deem them as replacement for fiat is an overstatement (although I would like to see that), but their qualities are just too great for them to be forgotten lest better stuff comes in.
I am in no way an economist. I am more of a generalist than anything, but, in my mind, this is what will come to be:
>BTC will be the "dollar" of crypto
>there will be several "smaller" crypto coins, whose value will mostly be based on BTC
>BTC will be sort of the bank, and we will use it to exchange for some services which will have their own coin (music, food, software, books)
>BTC in itself won't be of much use, but it will signify some sort of rendezvous point between all crypto currencies
>with more adoption, the coins will be more stable
I'm not sure I was able to express it as I picture it. I figure I lack the economic jargon.
I see no reason for crypto not to become a major currency in the future. I imagine by 2050 crypto will be just as, or will surpass, fiat.
What say you, fellow /biz/nessmen?