Quote:
Originally Posted by Wellness Cash
Because people who missed out on the BTC train leaving the station instantly started mining and buying up LTC just like those who missed the LTC train leaving the station started mining and buying up DOGE.
Bitcoin - Gold
Litecoin - Silver
Dogecoin - Bronze
Think of it like that id say those were the top 3 cryptocurrencies in circulation right now and neither show signs of dying anytime soon.
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It seems like common sense to me but maybe I'm missing something. If people simply keep creating more currencies when a given currency rises then eventually they will all be worthless as none of them "overall" will be scarce. If you care about these currencies then it makes sense to only push one and let that one keep the stability.