It's a very speculative market -- especially altcoins -- but Bitcoin as well. There's no denying that "get rich quick" types exist among bitcoiners too.

After years of watching the interchange of Bitcoin and altcoins since I arrived in 2013, it doesn't seem like people will ever stop investing in altcoins. There's something about boring markets and bull markets that makes bitcoiners want their coins to work for them. They're always looking for ways to speculate or gamble and increase their stack.

In some sense, at least perceptually, altcoins dilute Bitcoin. However, I think their relationship is more mutually beneficial than that. I don't see altcoins as parasitical at all since the altcoin markets actually tie up quite a big chunk of the circulating bitcoin supply. I think this has been helping to drive Bitcoin's long term price rise for a long time.