Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
I believe the primary reason for the proliferation of coins is greed, the desire to get rich quick with minimal effort and no different than what has happened in the US penny stock markets and more recently in social media unicorns. Fuel has been added to the fire by a lack of regulation, bubbly equity markets, low interest rates and slick promoters peddling power point dreams and white paper fantasies. I think crypto investors are best served with the majority of their capital allocated in BTC, ETH, LTC, XMR and DASH. I joined a dev team for a small coin because I wanted to learn the inner workings of what happens in an alt coin, why do coins fail and why do coins succeed? Each little coin is a small business with a P/L stream and a large majority are abandoned. A coin lives or dies based on the size of the community (hence Dogecoin lives on), conviction level of the dev team, the amount of funding they have (Dash has a bullt-in funding mechanism) and their ability to build legitimate use cases.
If you going to hold substantial stakes in alt coins its best sell them off when they experience rallies, and treat them as trading assets. I made the mistake of holding onto 808 and Condensate for too long.
