Bitcoin / Bitcoins / Crypto Currency

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miro_o in reply to @Stonehedge

Or, more simply, like in the dot com boom, there are too many unsustainable projects and the vast majority will fail leaving the best ones behind.

I wonder how much credibility (or the perception of) will hold up currencies using older technology. I don't really understand (for instance) why the value of (old) Etherium didn't tumble when (new) Ripple rocketed? Are people 'shorting' or something? What am I missing?

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Heldring in reply to @miro_o

My simple guess is that there's different kinds of stakeholders, not only investors who are betting on product A or B (it's not a zero-sum game, you could still bet on both), but also day/position/whatever traders, the buy and hodl types, etc

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