How can so many people be so short sighted that the prices of alts vs. bitcoin is down the last few weeks so lets pack it in ?
If anything this is a time for cryptocurrency to expand and grow worldwide. Instead of riding on the wave of success and the buzz created by bitcoin I get the impression people are locking up alt coins up in the closet. To me this is insanity but I am trying to look at the long term big picture. There are so many people (at least in America) who have no idea at all what bitcoin or any of this stuff means. There were just as many people in 1995 who knew there was something called the internet but did not really know what it was or how it worked.
Think of the early days of the web.
The Alt Space has grown...
From roughly $10 million to $90 million Market Cap in 6 months.
LTC =........... $50 million
Other Alts =... $20 million
Exchanges =...$20 million
------------------------
...................$90,000,000
People writing this off are
(a) Bitcoin Monopolists
(b) idiots
(c) both.
And this space is currently driven by tiny, amateur Dev teams of 1-3 people...
Roughly 80% of whom are subsistence level scammers...
When serious organizations start launching Alts... this space will EXPLODE.