Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC?
I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors.
Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?
Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this.
Do you think this is Good or Bad for Bitcoin, when this happens?
Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?
Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this.
Do you think this is Good or Bad for Bitcoin, when this happens?
It isn't the coin that solely attracts the investors into that coin. Curiosity comes often, lad. I don't have the statistics but majority of the people would always think about Bitcoin when they heard about digital asset or even digital money.
It is a good thing for Bitcoin though, as for me in my situation, Bitcoin becomes my passage way to invest in other coins as I don't have the direct way to buy it. If I was a naive investor in cryptocurrency and I manage to stumble upon Bitcoin, I would be seriously curious on what it is. I might not even attempt to invest now in other coins because Bitcoin is like the big-deal for me now.
