Shit, looks like people started to figure out that there was only one actual alternative to Bitcoin. (was bound to happen eventually).
Turns out everything else is just a BS copy/paste job. Seriously though, it's probably going to tank (waits with fiat
) So stop buying it!
It's not really a rally, it's just the only other name in the game.
How much does the quality of the coin mean in the grand scheme of things? I'm in the cryptocurrency game to make money. I only considered "alt" CCs (including LTC) because my BTC was not only under performing but actually losing value. So I traded the BTC for LTC, then when that profit boat was about to ship off, I disembarked for a more robust CC that has since provided a rather nice ride. The eye opening experience has enabled me to look at all of the CCs as income opportunities.
Had I saw NXT before LTC I might have gotten more bang for my bucks, no biggies, I missed the NXT train this time, I'll be looking for it the next time around.
enjoy
