If you listen to some people you would never have invested in that once it was out.
Like in the real world its unwise to invest in something you don't understands.
you don't seem to understand the problem here....its not users stupidity, its the number of scams is now so great that it will shake the bitcoin foundation and send all this market to hell, ruin crypto, and btc will be worth 0.000001$
might as well trade in TF2 keys
I agree. The scams are killing altcoins, and bitcoin to a lesser degree.
This is also proving decentralized currencies do not work. Look at bitcoin hacking, scams, and thievery. Decentralized = license to steal.
I hate to say it but our banking and monetary systems exist for a reason - we trust them. I know my fiat is safe in the bank. I know it will be there tomorrow and the day after despite robbery and hacking.
Until the ordinary person can own and use cryptocurrencies with the same sense of security they do using their bank, cryptocurrencies will continue to die off.
I've weaned myself off trading altcoins. The old ones have lost value and the new ones have a week of glory then die. A good coin today can be killed off tomorrow by Fud or scam. Its just too risky now. By the looks of the markets others must feel the same.