Well, I like the blockchain technology... but I have some major problems with it.
Instead of being regulated and utilized so it's a useful technology it's just become a giant faux-economy.
Exchanges, news, prices, altcoins. It never seems to end. Every coin is just feeding into bitcoin for profit. It wouldn't be so bad if there were limited hours for trading but of course because of how the blockchain works it is a 24/7 economy.
Everyone is just trying to one-up the next person by manipulating numbers to their advantage. Sure, that's a lot like the stock market but at the end of the day cryptocurrencies never produce anything other than more coins. Companies produce products and services.
Most every coin uses underhanded trolling tactics like hype accounts, insider bribes, and worse. There's nothing redeemable about the vast majority of this space.
I know there will be mostly defenders of the stupidity but god-damn it is truly ridiculous.
I know what you mean, but that's the nature cycle of cryptocurrencies. Speculation and manipulation about a coins being created everyday in order to get more adopters and profits. Bitcoin as the first cryptocurrrency is the best/main of digital currency, so people want to trade their altcoins into bitcoin and vice versa, but in the end convert it back into bitcoin, this process always repeated.
Do you know what trading mean? Some people get profits while others get loss, yes, its about time matter. Who buy and sell their coins at the right time, they are get benefit and others don't. That maybe seems ridiculous for you, but people have to deal with it, known as risk.