I'm not sure how many of you remember the last e-currency trend, prior to bitcoin et al.
It was called e-gold it was traded on exchanges and had underlying asset value.
The major exchange lost liquidity, and the currency never recovered.
The last time I checked people had cut their losses as no one was going to buy.
I have stayed pretty quiet, about all these coins, even when some have predicted the downfall of paper currency, and bitcoin will change the world.
Those of us that are old enough have seen all of the internet cycles, and have seen them repeat the same mistakes as every new generation comes into it, except each time more and more money is getting won and lost.
The long term winners have all been stable business plans that would work with or without the web, it's just that the web creates scalability and access, thus rapid growth.
By all means be the little guy who might strike big on a buy out, but we have seen, colossal sums for empty vessels before, so don't bet the house.
As with bitcoins, if you have some money to spare and want a gamble, do what you feel, but when the music stops, don't be the one with your mother's pension tied up in zero's and one's.
P.s. coincidentally my autocorrect keeps changing bitcoin to buffoon.
