well several factors
they are not bitcoin, people wand to diversify
for scrypt coins it is a safe haven for gpu/cpu miners
in the case of namecoin its preventing web sites from being taken down
Because they might be worth more in the future
in a lot there are already services
Topic: Why do alt currencies have value? - page 3. (Read 1646 times)
With the rise of LTC and more recently FTC, why do these alt coins have value? I can only think of 2 possible reasons:
1) There is something fundamentally better about an alt coin and it will eventually overtake BTC. Thus the coin has value because people are speculating that a specific coin will overtake BTC.
2) Multiple coins can coexists and may even be used for different niches within the market. For instance, LTC may be used for in person (online) transactions due to it's speed.
Thoughts?
1) There is something fundamentally better about an alt coin and it will eventually overtake BTC. Thus the coin has value because people are speculating that a specific coin will overtake BTC.
2) Multiple coins can coexists and may even be used for different niches within the market. For instance, LTC may be used for in person (online) transactions due to it's speed.
Thoughts?
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