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RE: Not a good day to be an Altcoin owner...
Over time, people will realize the altcoins are underpriced and instead of putting money to a high dollar valued bitcoin, they will search for alternatives in the altcoins. Also, consider that altcoins pulled bitcoin off the bottom as are outperforming this year still!
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Good point. Though I feel like if bitcoin really starts moving, the altcoins will get crushed. Most of these projects have nothing backing them and no reason to be worth hundreds of millions, including steem. When will Inc actually do something to create real value here?