One of those days where not a lot of real news , but a lot of losses. Maybe tomorrow will be a better day. But I'm not sure most altcoins or even Ethereum will last.
Most won't go to zero, but as everybody loves to Proclaim "remember the early internet in 1995" memes almost all of those internet companies didn't last. Microsoft and Apple were not internet. Apple was practically bankrupt back then too and irrelevant. And kind of missed out early on and Microsoft was soon broken up.
Google came later and stole the thunder from the Yahoo's and altavista's and so on. Netscape and Prodigy and CompuServe disappeared. AOL and their free 3.5 inch disks became irrelevant. Even Amazon wasn't really internet. They were an online book store that sold cheap books.
So taken with a grain of salt things like Ethereum and Litecoin and others are great early adopters to push things forward and the Vitalik's and Lee' and many others may go on to form various startups, but most of the early companies disappear. I think a lot of the hodlrs who dream of 100 bucks becoming a million will be depressed in a few years.
And blockchain and decentralized have many advantages, but most tokens are pointless. And two thousand tokens are definitely a mostly pointless endever. But maybe a cardano will eventually have a "real" platform. Or not. Or a fixed Iota for autonomous cars. Or a Square token payment system. Or QTUM or something we don't even know about yet. Or real quantum computing will change everything.
Time will tell, but an interesting space to be in.
