But once the ETF takes off serious money will come in (billions) they will accumulate most alt coins, they will seek another bicoin ETF (I think ixCoin as it's the best match and I have now bought nearly 1%) they will also make an alt coin basket ETF, all of these actions will make most alt coins skyrocket. They're (bankers snd the mdedia) laughing now cause they're idiots just like they laughed at the first Internet funds back in 1994 and when the first one went billion $ - buster, overnight, there was a mad rush to mass copy that Internet fund which drove any and all Internet stocks tru the roof becssue there were not enought Internet stocks to satisfy the billions of incoming funds and this time around, even with 300 coins there will be a massive shortage especially due to a serious lack of liquidity.
Are you suggesting that there'll be demand for 300 or even 3000 altcoins with mostly no innovation?
Yes.
Internet companies had no innovation, just ideas. They had no sound business plans just hype and an idea. That's why wallstreet laughed snd mocked the first Internet fund in 1994. A year later all hell broke loose and they went crazy to find Internet stocks to buy and to create funds. 5 years later all interer stocks were priced so crazy high but only about 1 dozen actually had profits. It was the mother of all bubbles but this will bigger because fist money don't need cash-flows so its easy to sell as an investment snd they don't need a P/ae ratio so they can go infinitely higher and the government, banks and multinationals all want digital money because the synergies of digital money and the power it gives banks and especially the state unprecedented.
It's coming. It's as clear as day to me. Wait and watch Bitcoin get the ETF license and watch the faces of the icy league MBA's on TV, they're gonna be shocked csuse thru won't know what's going on. But they're know exactly what the game is in a few months after that and that the state is bankrolling this while thing.
Bitcoin cannot fail. Alt coins as a group cannot fail. It's absolutely impossible.
Why wouldn't a banker just spend $20 and 24 hours and launch a new coin. I would add like you asininely tried to do.