Okay... So we are all on the crypto train because the feds are fucking broke. The paper money of the world is becomming worth shit. Some countrys choose to just print the shit out of it. And the crypto in theory is worth more then the us dollar. In one way or another that's the fact of the matter right? Along with safe anon handeling of said crypto. .. So why in the holy good fuck are we repeating history. Supporting a new coin every day and in all basic sence of the rule printing more money then we have?
Fuck it just makes no solid sence to me
Because the new altcoins will die horrible, horrible deaths.
Just like how we are seeing the value drop so suddenly on them, people mine them for a few days and then wash their hands of them. Even the mighty Bitbar has fallen drastically, even though there are only 2500 of them and 11 million BTC, the price is crashing. People realize there is still only 1 Bitcoin. Look at how the profitability on altcoins has dropped:
http://dustcoin.com/miningRight now the only profitable thing is Bitcoin, basically, and us mining altcoins is ridiculous except for if we dump them to buy Bitcoin.