Sure, there's been alot of spamming and market saturation lately. But some good has come of it, a phoenix/s from the dust if you will.
Innovation.
I believe in time to come, be it 1, 2, 10 etc years, people will look back at bitcoin and sort of shake there heads. Yes there will be those that collect it and lawd it for sentimental reasons, it being the first crypto. But I think in time to come it may fade away and be overtaken by much better coins/ cryptocurrencies.
Believe it or not there are recently created coins that could will change the world with aiding scientific discoveries, breakthroughs etc and cure's. There are also coins that will make people ultra rich even if its price stays the same, and then coins that will by clever design and management, constantly move upwards at a sustainable rate.
So yes there are bad but there are also lots of good and this is part of the benefits of a free market. The marketcap of bitcoin will be overtaken and it may simply become a collectors item (albeit it will still be worth alot). A model T ford if you will, make way for the ferrari's, four wheel drive, and ultimately, F1's of the cryptocurrency world. Part of the problem is also short sightedness. If you look a little bit further up the road you will do well. Pumping and dumping may be fun but someone always loses and oneday that will be you.
Yes there are limits though when a market is saturated sure I agree, some organization is needed for ALL of us to do well from this train, not just the 1 percent DEV's creating the same coins over and over for self gain. I can only hope that some among us will rise up and provide said organization and leadership of this massive ship and with that, the future will certainly be as gold as the sun ever did shine.
hear hear
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