Post
Topic
Board Economics
Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC?
by
MeganJenkins1212
on 28/07/2018, 04:00:52 UTC
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?  
I think people react negatively to seeing a new type of Blockchain based on the technology and the fear of thinking that bitcoin and other Altcoins will lose investors may be new to menopause. Much experience in investing in electronic money. That might also be good with bitcoin.