https://www.gldtalk.org/devteam/fall.png
This is similar to asking, "why do we need Visa, we already have MasterCard?"
One of the best things that can happen for the consumer in any market is good old-fashioned competition. Competition (usually) makes products, services, and yes, even digital currencies better. So now we have all these altcoins competing to gain the attention of the consumer and hopefully begin their journey into the hearts, minds, and wallets of the masses. In my opinion however only a few will succeed, probably a handful.
The winners will be the coins with the greatest names, the best communities, the most innovative developers, and those with well formulated plans. BTC won't be seeing 100X gains anymore, but a few of the altcoins probably will.
Pick the right ones and you should be well rewarded.
I really don't understand the need for so many alt-coins. What purpose could they possibly serve that bitcoin is not doing atm? I have often wondered about them but just focus on BTC.
This is similar to asking, "why do we need Visa, we already have MasterCard?"
One of the best things that can happen for the consumer in any market is good old-fashioned competition. Competition (usually) makes products, services, and yes, even digital currencies better. So now we have all these altcoins competing to gain the attention of the consumer and hopefully begin their journey into the hearts, minds, and wallets of the masses. In my opinion however only a few will succeed, probably a handful.
The winners will be the coins with the greatest names, the best communities, the most innovative developers, and those with well formulated plans. BTC won't be seeing 100X gains anymore, but a few of the altcoins probably will.
Pick the right ones and you should be well rewarded.
This is similar to asking, "why do we need GLD, we already have GLD?"
LOL! >>
http://stockcharts.com/c-sc/sc?chart=GLD,uu%5B800,a%5Ddaclyyay%5Bpb50!b200!f%5D%5Bvc60%5D%5Biue12,26,9!lc20%5D