As a relative newcomer to crypto I can understand the buzz around new coins being released. There is a mad rush every time a release is announced to get the client and get mining. The sight of your client showing incoming transactions gives the warm fuzzy feeling that you are succeeding and making money.
The reality is however those of us who are new to mining are a tad to late to the party. The people who mined the birth of bitcoin and litecoin have to a large extent made the majority of any money that was ever going to be made in these areas. For the countless newcomers hoping the next release will be the next big coin, they are blind to the fact that the coin dev has one goal in mind. Get the coin out, get interest, get an exchange and dump your stockpile. Thus allowing them to walk away from the coin having made their money.
Of course some of these coins will hang around and may spring to life in the future but as long as they are just clones bringing nothing new, people are pissing their money away under the illusion they are making money
Topic: What is your perspective of Altcoins? - page 2. (Read 903 times)
Yes there are a lot of scamcoins, but some are really trying to innovate. People will get tired of the scamcoins ( they already are, as a matter of fact, look at how RoyalCoin and now GameCoin are failing ).
Coins that really add something will do well. We need those, as you say, to keep the code in evolution. I believe Netcoin will be the next real altcoin, and maybe while we wait for that, we can enjoy the experiment that is Elacoin.
All the copypaste coins will die quickly now, the market is saturated with those. When enough people get burned by the dump that follows the pump, that type of coin won't have a chance anymore.
At least until the next wave of greedy newbies shows up, hahahe. They never seem to be in short supply. ( I was one so i know
Coins that really add something will do well. We need those, as you say, to keep the code in evolution. I believe Netcoin will be the next real altcoin, and maybe while we wait for that, we can enjoy the experiment that is Elacoin.
All the copypaste coins will die quickly now, the market is saturated with those. When enough people get burned by the dump that follows the pump, that type of coin won't have a chance anymore.
At least until the next wave of greedy newbies shows up, hahahe. They never seem to be in short supply. ( I was one so i know
4 votes, and half are negative..
Some altcoins are a scam, others help test certain paramaters, others are novelty. You, the consumer, ultimately has the freedom to choose which crypto you use. And who's to say that your choice is better then anyone elses?
Some altcoins are a scam, others help test certain paramaters, others are novelty. You, the consumer, ultimately has the freedom to choose which crypto you use. And who's to say that your choice is better then anyone elses?
Your thoughts.
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