LOOOOOOL - @ alt coins, is your brain all mush or something W T F.. I like to call them Altcopies... they are all just copies off each other with a very nnumbers changed in the code.
Do you realize how many big names are invested into bitcoin and banking on it to thrive not only survive- In fact, have you heard of Blockstream? I can see this destroying the need for altcoins or even ethereum, counterparty, colour coins.. We only need the power, network effect, publicity and scarcity of Bitcoin , this can support the entire planet no problem, once we have people developing on top and along side it we wont need a whole heap of copied BS inflating the world of cryptocurrency.
Again, homework not done. Most altcoins are copies, but not all of them.
There are not so many big names actually investing in Bitcoin yet, and what they invest in is mostly payment platforms and businesses, not bit
coins? Do you know why? Because payment platforms and infrastructure is easily adaptable to any crypto currency, and it's up to users to decide which one will be the leader, or perhaps even several leaders. Smart money invests to take profits in whatever users decide to be the currency of choice, smart money will skim their cut in any case. They like to invest in businesses generating profits, a large share of that investing goes into mining bitcoins. But do they keep those bitcoins or sell for fiat? The price action should tell us.
Yes not all but the concept all came from bitcoin if it wasn't for bitcoin these coins will not be here. We don't need altcoins, the only reason why ppl invest in altcoins is because they are cheap and they think its going to take off like bitcoin and they are going to become rich with fiat. Its all BS in my eyes.
And usually people who have invested in bitcoin companies - 90% of them have some bitcoins which means they are invested in it
they'd be silly not to, anyway all this stuff takes time. Your right but at the moment the sell pressure is greater than the buy pressure but this will change over time especially when the block rewards drop and bitcoin becomes more popular there are still heap of people who haven't heard about bitcoin. I believe investing in companies around bitcoin is investing in bitcoin in a way, its called innovation. Similar like how people cannot invest in the internet they have to invest in things built around it.
Please check out blockstream this is potentially one of the greatest things that is going to take off in BITCOIN ecosystem, not altcoin
