Anyone else think that alternates are hurting the price of BTC?
We keep getting new coins that just have a source code change that have 5 million made the first day, and everyone thinks they should be worth 25 cents. This is bringing money out of the market for BTC, and LTC, because everyone dumps them for these new coins, because by tomorrow they should be worth $1... for a worthless coin that only has the value of trade.
I guess now the only way to make money these days is to design rename the newcoin mine it first and sell it in 3 days.
Rubbish, most alt coins have no way of trading money for them, you have to trade other crypto coin for them eg you have to buy some BTC to trade for the alt-coins, that's called putting money into the BTC marktet.