Quote from: Kramblerty on September 14, 2018, 11:19:49 AM

Quote from: tee-rex on August 20, 2018, 07:54:49 AM

Well, this question is not so much about altcoins as such as about free and unrestricted competition between cryptocurrencies, by and large, bitcoin included. I think it is the first time in the modern history when it is possible to see how currencies can compete against each other without government intervention promoting one coin and trying to compromise another. If I'm not mistaken, right now we have over 1000 different cryptocurrencies. I don't know about you but to me it is an obvious overkill, a lot more than we will ever need, for real life. So how are things going to develop in the coming years? Will most of these currencies die out eventually and thus their total number is going to decline dramatically or will we always have an influx of a shitload of new coins?

What should we expect from cryptocurrencies on the scale of years or even decades? How many will be there and how many do we actually need?

No one can predict the future. But we can look at the past and draw the trend line. So, if during the next 12-month eth or btc will not go to 0 then the whole crypto industry will survive.

If eth will be even 1 USD then anyway it means a positive trend: growth from 0 to 1400 and then to 1.

If you ask me, such inferences are pointless. I don't know whether they may make sense even from a purely academic point of view (I'm not an academic anyway), but in the eyes of an investor or trader they are not just meaningless but also offensive and derogatory. It won't matter if some coin first rose from 0 to 1400 and then went down to 1 and that would be, according to you, still a positive trend if you lost an insane amount of money in the process. And it is not only about you and me personally. It means the fiasco of the whole market and the coin in question as such.