You are viewing a single comment's thread from:
RE: Is there too many coins on the market?
I totally agree with you that its good for the eco system, but many people dont even understand what they are investing in, they are just looking for a quick profit. Take dogecoin for instance it was created as a joke and now it had a market value of more than $2 billion on sunday..
I get your point, but lookt at it like this. There are coins out there with an higher market value than Dogecoin that don't have a product running nor can offer a service at this point and it won't change for another 1 to 2 years until they really are running and working to 100%. While doge is being used by ppl for transfers, the wallet works pretty good they can purchase stuff with doges and make donations. Might not be much but it's something. I personaly don't own doge my self but i used it to exchange wiht bitcoins since transaction fees became so expensive.