it makes perfect sense. bit coin is very valuable. too valuable. demand has outstripped its limited availability in the number of coins that can be circulated right now. as a result you get tremendous price volatility. if most bitcoin users horde their coins there is a small float in the markets, its easy for price to move up and down very quickly. that makes for a bad currency. so additional currencies were made that handle that issue. well not very well. a lot of them have been very poor in their execution.
of you notice a lot of the coins are reaching parity with bitcoin on the mining side. that is helping suppress bitcoin prices and is indirectly stabilizing it's price. until the alt coins get the right mix of liquidity, difficulty retargeting, mining rewards they will just keep coming. lite coin has done very well but its going to be another bitcoin. as bitcoin ramps up to higher levels over the years litecoin will be behind it and it too will be out of reach for some people as a currency.
the point is don't be greedy and horde bit coins. move them into circulation. make an economy.
of you notice a lot of the coins are reaching parity with bitcoin on the mining side. that is helping suppress bitcoin prices and is indirectly stabilizing it's price. until the alt coins get the right mix of liquidity, difficulty retargeting, mining rewards they will just keep coming. lite coin has done very well but its going to be another bitcoin. as bitcoin ramps up to higher levels over the years litecoin will be behind it and it too will be out of reach for some people as a currency.
the point is don't be greedy and horde bit coins. move them into circulation. make an economy.
That's exactly what I was wanting to see in a reply. Thank you
