Losing hope in crypto in general lately... why do all the shitty copy and paste clone coins get all the attention? Is everybody really this idiotic or do people only care about trying to catch the next pump and dump? Either way, something needs to change. I'm not talking about coins needing to change, I'm talking about the quality of the investors that come into crypto and their outlooks that need to change. I got interested in cryptos because I see them as the future of payment methods, I see (some of) them (the good ones) as a long term investment. I see the potential cryptos have to benefit and better the world we live in. Isn't this the dream of bitcoin? Has everybody forgotten this? It seems like the majority of people here are short-sighted and don't give a shit about the bigger picture.
The elephant in the living room that everyone is pretending to ignore is this: A lot of people lost a lot of money in their Bitcoin activities, whether directly by theft or Goxing or by buying in high and never seeing a return. A lot of time invested learning how to trade crypto, how markets work, and so on which all amounts to wasted time if you just lose money doing it.
Altcoins are a "second chance" for these people to try and recover their losses. People who claim they never had any losses are nearly all lying (mostly to themselves). Altcoin's market cap is so tony compared to bitcoin that the only thing you can count on to recover a lot of loss is hitting a very big DRK or BC-like pump early on and somehow hanging on for the entire ride up without selling out too soon. Simple coins that are not innovative are the one that people know are most likely to be pumped and dumped. They know that a PnD is most probably the only plan the devs have for the coin to begin with. A simple PnD is simple to understand. Just buy cheap, wait for the pistol to fire and start the horses running, and try to get as much as you can before someone else does. Thats why they are popular: they are just PnD gambled, everyone knows this, and people are attracted to simple, predictable things. Never mind that they will make more money working at McDonald's for 2 days than they would cashing in on any of these shitty little gambles, people want to feel like all the time and money they spent 'learning crypto' has paid off with a win somewhere. But the reality is, there is usually only one big winner - the dev (and their PnD investors , if they are that organized) and a few small winners who take away 0.2 to 1 BTC profit at most in REALITY (not the fish tales people tell about making 4 BTC on a pump, or making 0.25 BTC every day in alts ... what totally unsupportable-by-basic-math horseshit). plus a bunch of people who barel break even.. and an even bigger bunch who end up poorer than they started.
Crypto in general, and alts in particular, have decayed from "mostly gambling" to "all gambling" and that's the ugly truth.
So FLT is all about thekidcoin making money?
Did Satoshi make money out of Bitcoin? Did Evan Duffield make money out of DarkCoin? Did Charlie Lee make money out of Litecoin? I am sure I don't have to go on, you know the answer.
