Why do people in the altcoin community take their investments so personally? If someone goes to the ANN thread of almost any coin and asks an honest question that may not make the coin look good, people become hostile. If they go to that thread and express an opposing opinion, they are treated like the Devil himself.
I've never seen such nonsense with any other investment. Most GM stock holders couldn't care less whether I like GM or not. So why are so many altcoin investors so childlike in that regard? What do you think?
Altcoins don't get much media attention. Forums are where people hear and learn about them. This forum is the hotbed of activity for altcoin discussion. A coin's reputation can be tarnished if it's constantly trashed on this forum.
Different situation for Bitcoin, it has lots of media exposure, which is why it's more likely for bitcoin bashing to be ignored even though this IS a Bitcoin forum.
No, only an unrealistic potential can be burst, no one can convince anyone a great prospect is crap unless they have some actual proof. maybe they can push the price down a bit, but even that is a service to supporters who can buy cheaper.
The fact is very few coins have genuine potential, even NXT etc only has a few thousand users, it's hardly stable as currency yet, DUH.
My favourite coin at the Moment is GEMS cause it aims to get thousands of users through its app which it has a fighting chance to. IF it manages to do that do you think FUD can destroy it? FUD just pricks the bubbles of BS that's all.
Many people are easily influenced, that's all I'm saying. Coins are hyped and trashed, newbies are reading this forum basing their altcoin investment decisions on this stuff. Don't discount how gullible people can be.