With the announcement that gox and possibly coinbase is accepting litecoin trading. Do you think altcoins are going to affect bitcoin negatively? I mean people looking to get rich quickly would probably rather buy the cheaper coin than bitcoin. This is going to get complex.
Oh noes. Competition!
Do you think the prevalence of silver, platinum and paladium on the PM market puts upward or downward pressure on gold? Instead of having only a "gold" market, you now have a "precious metals" market. Here, you transition from a Bitcoin market to a cryptocurrency market. It wouldn't surprise me if the rise of alt-coins actually attracts more investors than would have otherwise put their money into Bitcoins only. There are some newcomers who simply do not like Bitcoin for whatever reason, but may be lured in with an alt-coin ("this one's cheaper", "this one has
