think about thing as cause & affect
You have multiple metals
this is due to universal physics. These metals have intrinsic value. crypto coins are different in both aspects
You have multiple fiat currency
this is due to the same forces that create different languages
You have multiple crypto currency
it is only logical says Mr Spock
non sequitur, at least for the long term. Let me explain
For the most part, Any coin can take the place of any other coin. Its not like you can start replacing different metals in different applications. So not only do those metals have intrinsic inherent value, the also have (like crypto currencies have), monetary value. IMO most of these alt coin jumps WILL drop back down in the near future
as the speculation market peaks. Only those with revolutionary features will ever overcome BTC/LTC. And then even if the developer has some solid economic theorys about the mechanism of the coin, and then if he can also get it marketed correctly (ie, if he can explain exacly how his coin is different, and how those differences solve economic and technical issues, and market the new features).
Yes I hold lots of different shitcoins that are making BANK now. Ill dump em like everyone else will when the time is right. Ill keep the next generation candidate coins (peer/prime/ripple/nxt/soontobereleasedEMUNIE) that I have invested in.
