Post
Topic
Board Altcoin Discussion
Re: [ALT COIN CRASH] WHAT GOES UP MUST COME DOWN
by
Mooshi
on 28/12/2013, 15:33:55 UTC
Someone seems a bit cranky and has no idea how the free market works.

The concept is simple. Yes, there are a bunch or really stupid altcoins with either bland names or flat out retarded ones. However, the way things work is if someone finds value in something and people agree on the value, it becomes a thing. If people were to one day feel the US dollar is worthless paper and treat it as such, it'd crash big time. If there is an alt coin that is deemed too bad for the community, people ignore it till it dies.

Simple, no? There are many alt coins I flat out loathe, but guess what? I have zero invested in them, the value of them has no effect on /me/ as an individual. So why should you care, OP?