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RE: My Opinion on Monero Forks
Bitcoin had several forks but still the original is first in market cap. Even bitcoin cash has some value to it. The point is one can never know if the forks will increase or decrease in value and only time will tell.
What I do agree with you is that there is a flood of coins on the market making it more difficult for coin prices to rise as capital is spread across more options.
There has to be a boom and bust for the crypto for people to learn and flush out the useless coins. That day is not upon us yet and not sure when that will happen but I most certainly feel it will have to happen.
that's exactly what I mean by my 'grey mush' hypothesis, only so much money to go around, with increasing number of things to spend it on means the vast majority will fail (unless there is a sudden interest from the general public, govs or city that can inject more money into the system).
that's something that no-one has been able to explain to me adequately, where is all the money coming from ? if you listen to the hype then every coin in existence is 'going to the moon' in the 'near future' lol. It's just basic economics, the money can't materialise out of nowhere, someone needs to be spending it somewhere.
I think the slow down in crypto is because supply has grossly exceeded demand. Literally everyone who is interested in crypto is already invested in it, so where are the new buyers coming from to push the prices up to the next levels ?
Sorry, am waffling again lol :-)