4 ms·

The rise is because you can trade altcoins with bitcoins. I don't why anyone would want to pay bitcoin for an unknown altcoin but I guess some people are gambl

• martin_bech 9y ago
  Or diversifying their cryptoportfolio
  • purrcat259 9y ago
    Cyrptofolio has a ring to it
  • dharma1 9y ago
    I think this is what's going on in the 10-20x altcoin price growth - people are taking portfolio diversification ideas into the crypto space and "investing" in complete cack. When most coins have no substance or inherent utility value or chance of success aside from maybe the top 2, this seems to me like a bad idea. We're seeing billions of new capital pouring into altcoins for reasons that don't seem well founded or sustainable. I am hopeful some sort of mechanisms will evolve to guide the capital flows towards more useful things within the crypto space, right now it feels like a blend of kickstarter/pyramid selling/lottery on a global scale. While the going is good though, I wonder if AMD themselves could boost their balance sheet with a mining side operation :D