Quote:
Originally Posted by Cotton Hill
I fully expect most, if not all, of these alt-coins to crash and burn or just to never take off in any sort of meaningful way. But throwing a couple hundred bucks at one or two for ****s and giggles is fine, if it takes off you could make a good chunk of change.
Anybody investing serious money in them is pretty foolish though.
This is similar to going to a thread on orange juice, penny stocks, bonds, or some other item and announcing that investing in whatever the thing is, it's pretty foolish to put any significant money into.
There is close to $1,000,000,000 in alltcoins. While it is certainly very speculative and full of crap, there is probably some money to be made. I would guess in twelve months the market cap of altcoins will be higher than that and further, that the top ten altcoins have a higher concentration of the money than they do now.