Hi guys,
I was wondering if it is dangerous to invest in new Altcoins? I mean, when you look at all the charts, every new coin launches pretty high, or it increases to a high peak and after that it decreases every time. Lots of altcoins are freefalling. So, the question is, are the lot of them a pure pump&dump scheme or a scam so the developer can cash in pretty big? I mean what is the point of all the altcoins when they don't "innovate" over the altcoins; i.e. NXT/QRK coins are indeed an innovation over BTC in the sense it has at least another encryption method.
Thanks for explaining,
Id say, knowing what you are getting into is the most important. Don't let anybody tell you whatever. Make your own decisions and let others make theirs.
In my opinion, a lot of alts are made just for the fun and creating a new possibility of getting a pump and dump.