Quote from: Kinoto on March 25, 2015, 06:04:57 PM

Hello,

I am quite new in this world. I have read and studied lot of information about bitcoins first and then altcoins.

But there is something I can't figure out.

I am seeing in the exchange places some new coins having lots of buy orders. I really wonder who would buy some new coin and why?

I can understand the mining of those coins, and the will to sell them to make some profit. But i can't really understand the buying process. How can we think a new coin will gain value (most of them have no real enhancement in comparison of existing leading coins) ?
I guess the coin makers can try to level up the prices placing buy orders and increasing liquidity, but there are probably not the only one to place buy orders.

This is a genuine question as I am not understanding this part of the market.

Thanks!

At some point in the future, cryptocurrency is going to take root in the mainstream. This is an assumption - but I think a pretty good one.

Many early investors are speculating on which coins are going to succeed in capturing the hearts and minds of the consumer. Buying a coin now is basically placing a bet (speculating) as to which coins will eventually succeed in that critical quest for the consumer.