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RE: Federal Reserve says Altcoins are why Bitcoin keeps going down
Haha yep. Though I could make the argument that as some of these altcoins gain real utility and pull lots of money in, they may help attract more money into bitcoin than there would have been initially.
Oh yes, I think so. Bitcoin was near useless at the height of the last moon. It will be better this next moon thanks to changes adopted in it. Those changes are in large part thanks to alt-coins. Alt-coins have become the proving ground where updates are implemented and eventually adopted by the major coins.
If it had continued to moon, it would have gotten worse. Now it will reach new heights, eventually, and much of that will be thanks to alt-coins, doing development, and bringing in new money that will invest in the coin they believe in, as well as bitcoin and others.
Yep, exactly.