Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What is going on in the world?
Has bitcoins spirit and purpose been lost and gambles taken over
Has bitcoins spirit and purpose been lost and gambles taken over
People have simply discovered it's fun to purchase/use some BTC and start gambling in the altcoins. What's wrong with that? Don't you have any gambling spirit in you? You must have or you wouldn't be here.
Actually I bought some of those Mooncoins because I think the name is just too awesome not to buy some.
It's just for fun mainly, it's like playing poker for a bit of money. I also buy coins that have real potential, but those I don't play around with. I don't really think this is detrimental to Bitcoin, it actually creates a larger crypto community as a whole. Some entertainment is important too you know, it can't be serious business all the time if you want people to come and stay. 
I don't think altcoins are a real threat to Bitcoin. If Bitcoins was so fragile, it wouldn't deserve to survive. Some of the sillier altcoins are a threat to the more serious altcoins, though, as they confuse the market.
The important altcoins are the ones that innovate on the Bitcoin idea; either the good ideas will be incorporated into Bitcoin eventually, or if not, the good altcoins will have a life of their own.
Also, I think altcoins divert some speculation away from bitcoin, which should help bitcoin's stability.