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Author Topic: [2014-08-04] Real-time self-government in the cryptocurrency frontier: Jungle ru  (Read 553 times)
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August 04, 2014, 09:33:22 AM

 If there's something you need to know about the minor-to-bush league of altcoin speculation, it's the plain fact that there's too many Bitcoin chasing too few punts. This ratio has been surprisingly stable, despite what a theoretical economist unaware of the scene will tell you. Yes, the supply of altcoins did adjust to meet the demand of all those speculators with Bitcoin to "invest." But the punters adjusted too. In response to the flood, and to a lot of disappointments, they've become choosier. So, the hothouse ratio continues more-or-less in equilibrium. By the vague standards that ‘umble non-pros like me use, the action is just as hot as it was before the wave of altcoins turned into a torrent. There's just more "---coins" nowadays where the action ain't.

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August 04, 2014, 12:23:24 PM

Wow quite a mouth full --> Daniel M. Ryan

In my opinion there are way too many Alt Coins 300+ last time I checked. On the one hand we are spoiled for choice, but on the other hand, it's a mud pit, where you might sink into the sink hole with the pigs of humanity. {ScamCoins / Pump n dumps}

But if you know what you doing, you might find a gem or two.  Grin

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