so many new coins daily, who supports them?

[cwb27]

how do bad coins get support?

[El Dude]

they don't , they get mined and dumped for good coins like btc and ltc

rinse and repeat

[zhinkk]

they don't , they get mined and dumped for good coins like btc and ltc

rinse and repeat

Pretty much. The altcoin 'community' behind each coin is so fake to me. They act like they support the new coin, act like it's revolutionary, the best idea ever, etc, as it rises. As soon as it falls, they sell the coin and pretend like they never touched it.

[digitalindustry]

sock puppet do - some poor dupes.

some other guys have an angle here and there.

[cinnamon_carter]

it is true , most follow the rinse and repeat pattern

i believe the coins are mostly being released by the same groups of people each time with new twists added to provide some 'appeal'

there are some alt coins however which are being worked for long term support to provide future alternatives

you can measure reality a little bit by how long a coin client stays alive and has some measure of steady hash rate /mining going on even if not priced  well on exchanges.   clearly these are being supported by someone for future endeavours.

that is no guarantee of future success but better than something that is designed to scam people and fail on purpose