Profitability is a one day fly. There's a "better" coin every day and very few can be trusted enough to be profitable for longer periods, or even longer then a few hours. Megacoin hasn't been the most "profitable" coin for quite a while.
But, I've been with Megacoin since almost day 1. When it was first released it was one of the very very few scrypt coins that was based directly on Bitcoin code so not just another Litecoin clone. Since then it has grown quite a bit and has provided some code (KGW) that has been adopted by most of the coinworld to deal with massive difficulty changes. Meaning the dev (Kimoto) has made a difference already. It's one of the coins that can take care of itself. With the current fall of scrypt coins it's not hard to imagine that coins that cannot properly adapt to future needs will simply fade away. I rather think Megacoin is one of the few that will shine when things get rough. New, future proof adaptations are coming, though, in weeks? Months? Don't wait up for them as Kimoto follows his own visions and plans. I'm pretty curious about those myself.
Anyway, don't see Megacoin as "profitable" or as a nice coin to trade with Instead see it as one of those coins that has a longer past then most coins and a much longer life ahead. Stack up on some, and do the playing for profit with other coins.
I totally agree with you. I also think that the profitability level change randomly. It is really difficult to trust a single for long time.
