It seems that when bitcoin sneezes all the other coins catch cold. It really is an interesting phenomena, but I guess it kind of makes sense to some degree. A lot of people trade altcoins but once they want to cash out many of them will exchange what they have for bitcoin if they're unable to exchange to fiat. That's just a guess though, I might be wrong, I still don't know how things work when you're trying to get value out of altcoins.
The only crypto I really care about is steem, mainly because it's the only one I can easily get real world value out of right now, especially since the introduction of @steemgiftcards.
Oh, and that "Who wouldn't jump at the chance to own ten thousand of something...?" line made me laugh, it reminded me of Mitch Hedberg's rice joke.
Dammit! I thought my brain had borrowed that from somewhere. I poked around in there, didn't find anything, thought, must be mine then and went with it.
You're like the cheetah bot for the human subconscious!
I mostly only care about Steem as well - that's where 80% of my earnings sit. And those steem gift cards are a wonderful idea. I really think people's emotional and time investments in Steem are going to make it last.
Sorry, my bad, haha. I always think I've come up with something unique only to later find out I had come across it somewhere else, so I know how it feels.
Yeah, I agree. It seems with most coins and such it's a very hands off experience, you invest money to buy the coin and just sit back and hope for the best. Whereas steem seems like a much more involved process, you invest your time and effort, and that has a completely different psychological effect which makes you want to find some way to influence the success of the project. Plus, what other cryptocurrency allows you to join in and profit for free?