Post
Topic
Board Altcoin Discussion
Re: Why I'm not putting even a dime into altcoins.
by
TPTB_need_war
on 10/04/2016, 17:57:28 UTC
to be honest i don't see any reason in your post that makes me not want to invest in altcoins.

If you are just in it for gambling, then okay admit you are addicted to a non-productive masturbation activity (which will end up defining your life if you don't get control of your addiction). But if you care about our BTC not being siphoned off collectively to scammers:

This user sums up how I feel perfectly. In fact he explained it better then I ever could . The big bold red letters at the bottom hit the nail on the head.

Edit: your investment money is being siphoned off into the pockets of the insiders of these coins. None of it is achieving any significant adoption.

Note some speculators buy every ICO (with a good technobabble story) they can knowing that someday the tokens will be pumped. This is not always profitable. I know someone who invested in Skycoin, Iota, etc.. and those bets haven't paid off yet. The developers of Skycoin and Iota have pocketed those funds. Ethereum wasted $18 million and didn't even solve the most basic issues. And you gambling addicts just gave them more $millions to waste.