With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.
They only try to test system and strategy, besides that people who like challenge will more survive to face their future. Many coins meaning many opportunity to make income, technology will grow up fast than before. Bad market will not support new coins but in this situation release new one is bad decisions, wait until next year will be better.