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cryptocurrencies or altcoins are meant to be offering some newer features unlike bitcoin. they were meant to be ways to explore other areas and other possibilities and features while bitcoin stayed the same and because it is not easy to change something that works and is being used by millions of people.

but what actually happens is that altcoins are being created one after another just as a means to make more money or in most cases to make more bitcoin as your profit when they get pumped and dumped. that is why there are so many copycats copying code from each other and from bitcoin and add nothing to it apart from a new name!

and that is exactly why there are so many ICO, pre-mine, and other sneaky ways of getting control of the majority of your own coins (like ETH and DASH) in your own hands in order to be able to control the market price. it is like control the supply control the price kind of situation and with each pump you dump a portion of it on top to grow your wealth and eventually move on to the next new thing and do the same thing.