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Coins constantly trying to "kill" popular coins may be the reason Crypto dies

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by COINS NEWS 224 Views

We are right now at a pivotal point in the cryptocurrency market's history. Major institutions are adopting and considering the potential of crypto. The world is taking crypto seriously and people are becoming aware of the space (whether through "proper" cryptos or not) at a rate like never before.

We all should advocate for the future of crypto, not constantly try to kill well-known, popular coins so your respective altcoin bags can 10X.

This isn't like the stock market where a couple, top stocks could crash and people wouldn't question the legitimacy of the market itself.

As much as some hate it, people need to cope with the fact that BTC and ETH (to a lesser extent) are what determine the state and optics of the crypto market right now. IF BTC was to "die" and never surpass 10K again, major confidence would be permanently lost in the crypto space. Many people and institutions are on the fence on whether the crypto market is a "scam" or stable enough, and such an event will likely cause them to leave and never come back.

Do you seriously think if the whole ETH space was to be killed because of (let's just say) ADA, that major institutions who invested a good portion of their portfolio into it would suddenly just switch over to ADA? No. They would likely never touch crypto again and advocate against it. For all they know, ADA could be promptly killed by something else that comes along and it all is a grand pump and dump. Something like this would he a huge setback for all of crypto.

Right now we have a golden opportunity that is likely going to "make or break" crypto. Many big players want to see stability, and right now, that only comes in the form of the top cryptos that everyone knows of: BTC and ETH. Once the crypto market has been taken seriously and has had time to mature, then you guys can shill "killing" other cryptos with your altcoins. Right now, it is in everyone's best interest for BTC and ETH to succeed.

submitted by /u/Past_Ad5078
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