If you check out the Quarry app, which allows you bind your steemit account to it, you'll see many would be investors asking questions about alts and airfrops like: "if they're giving away tokens, why do they need 150$ in ethereum" and other skeptical questions.
I personally find, there are a few good projects with decent developers and teams out there, but it all comes down to the funding. WIthout it, they are all just pump and dumps. Many people see alts as the new era of penny stocks, and nothing more.
I'm inclined to believe, that the more forks, and airdrops, and alts that premier or IPO with the same or similar project visions as those that came before them and went nowhere, that these projects calling for investments are a detractor away from btc, and other coins that are actually used as a store of value or as a medium of exchange.
When alts pump, ethereum surges briefly, and then dips again, when the completed airdrops vanish.
If only.
If you check out the Quarry app, which allows you bind your steemit account to it, you'll see many would be investors asking questions about alts and airfrops like: "if they're giving away tokens, why do they need 150$ in ethereum" and other skeptical questions.
I personally find, there are a few good projects with decent developers and teams out there, but it all comes down to the funding. WIthout it, they are all just pump and dumps. Many people see alts as the new era of penny stocks, and nothing more.
I'm inclined to believe, that the more forks, and airdrops, and alts that premier or IPO with the same or similar project visions as those that came before them and went nowhere, that these projects calling for investments are a detractor away from btc, and other coins that are actually used as a store of value or as a medium of exchange.
When alts pump, ethereum surges briefly, and then dips again, when the completed airdrops vanish.