Hi!
I'm quoting myself from the DOPE thread. Relates to OPAL as well, at lest from my point of view.
Glanced at bittrex for shits and giggles and DAMN! Hate to spill the haterade in here but damn I'm glad im out. Slaughter on bittrex, with delist to boot.
I do understand and am genuinely happy you didn't have to take any losses. Then again my own perspective is very different from those who mostly the the altcoin scene as a means to make more or less immediate profit.
The reason I'm putting so much energy into development of DOPE and other cryptos is a very long running process that has been going on for ages: that of developing open and functional currency systems to replace the biggest scam in the history of mankind called fractional reserve banking.
Although I have nothing against people looking at the values of the gazillions of coins out there, my personal take is that we're still possibly years away from the point when the value (compared to fiat) is worth giving much notion at all. What needs to be done first is the establishment of a solid foundation on which the cryptos can build upon.
While the technical level development of block chain based technologies has been absolutely beautiful to watch, the foundations have, for the most part, not been laid out at all. This is normal to any new technology driven innovation and it's not a problem per se, yet it does mean that the groundwork still has to be done sooner or later. I prefer sooner, which is why my focus has been and will be in doing just that, not worrying (at all) of the short term price fluctuations.
The moment we witness the collapse of the fiat currencies is the moment when those who have invested in crypto (either in the form of money or brain power) will start to get really wealthy. It's impossible to say when that will happen and which coins are going to be the ones the mankind as a whole chooses to trust, but happen it will and the choice of the coins can be affected by making sure that the currencies one decides to invest in are the ones that have what it takes (both technically and otherwise) to really make it big.
Hence my decision to keep investing in DOPE as well as the few carefully selected coins Altcoin.Center is supporting and working with.
- Jyri
--
Altcoin.Center
https://bitcointalksearch.org/topic/m.10110940