donno crypto world is strange atm!
shitcoins goin up!mutch attention on coins that have nothing done yet! ? strange......
reminds me how young this business is!
That's because a lot of people think like me: it's not a good idea to buy into a coin that's already saturated.
I'm mining the shit and buying the shit out of every new coin and flip head or tails when to dump pure intuitively.
New coins will always be my favorites.
I mined BC PoW from 15 min after launch till PoW end. and bought more between 660 and 1000 SAT.
Luckely, a few day after PoW ended i had to travel for 6 weeks for work and spend a lot of time in hotel rooms, which don't have good internet.
When i came back home i checked my crypto-stuff and BC was at 89000 SAT. It didn't take long to find someone to hold that nice bag for me.
Stepping away from crypto due to work has often resulted in positive news, especially with bitcoin it's been fun, that was a motherload that even dwarfs blackcoin. it's like finally taking out your fishing nets to look what kind of fish is in there after all those weeks with shitty internet. You don't have that kind of fun with places you already fished.
I pumped a lot into new coins and lost all value too, empty nets, it's part of the game. Even if it's worth shit, i'm still happy i hold a piece of crypto-history then.
Hey, that's one way to look at crypto. But this 'game' won't last forever. It's fairly clear to anyone who's been watching for months that it's in a steady decline. Sure, there have been some big rises from new coins lately, but many less of them than the recent past and they're reaching lower heights. In January it was piss easy to make loads of cash mining new coins. Not quite so much in February. Even less in March. April is looking thinner. Wonder what May holds? All this attention on coins with no long-term plan beyond speculation absolutely depends on newer, greedier users entering the market. Where are these people going to come from? The last wave entered the market on the back of Bitcoin's famous rise. I don't see this general decline reversing itself without a meteoric rise from another
serious coin, Bitcoin or otherwise.
Personally, I see a large consolidation of the strong coming this summer. Those holding strong coins will benefit when enough of the market realizes that speculating on purposeless coins is a zero-sum game. I could always be wrong. But I think there are more than a few factors pushing in that direction, scrypt ASICs being one of them.