Actually all these new currencies are hyperinflationary in the early going. They:
1. Are not backed by anything
2. Have no intrinsic value
3. Go from 0 to 200,000 or 0 to 2,000,000 in days or hours
4. Increase in quantity by 25% - 10,000% or more daily, for weeks, depending on mining rate
And "investors", who cut in line to buy these on day one, are always shocked when they inevitably fall in value.
Those same "investor" mock miners who sell immediately.
NEWS FLASH, dummy speculators, the miners are the smart ones. You are the bag holder. Guaranteed no exceptions
Funny, I haven't lost any money buying altcoins... Maybe that's because I stopped with YAC (the last profitable one)
PPC, FTC, CHN, RYC, YAC all treated me very well