exactly what set off this massive influx of money into altcoins?

greater fool syndrome for quick x10 on ICOs

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how long will it last

>>2296989
the Rothschilds moving ahead with phase 2 of the one-world digital currency plan

>>2296989

Something about something now being legal in China or something like that

There is an answer about it on Quora

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>>2297163
It's true

>>2296989
Chinese bitcoin whales moving their currency around instead of converting to fiat. Avoiding China's taxes, I think.

Meme magic

>>2298528
This!

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Bitcoin is beginning to show its age and its many many flaws.

Most people dont actually use bitcoin for anything but as a hedge or to purchase altcoins with.

Barely anyone actually uses it for actual money transfers person to person, there's plenty of altcoins that does it much much much faster, much cheaper.

No one wants to have their coins stuck in a mempool for days.

Not to mention the constant fighting between the bitcoin community, miners vs developers, whales vs big players, should we fork? increase block size?

Bitcoin is the middleman of the cryptoworld, you need bitcoin to buy most altcoins, this is the sole reason of it still being relevant, and why it has increased so much in value.

If most major exchanges began to offer ethereum as the middle man instead of bitcoin, bitcoin would literally crash and burn overnight.

>>2298648
bitcoin could have a purpose just as a value store though

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>>2299669
>>2298648

Bitcoin is the old king, when the time is right he will be usurped.

>>2298648
>what is fixed supply

meanwhile it keeps going up

>>2298648
>Most people dont actually use bitcoin for anything but as a hedge or to purchase altcoins with.
>No one also uses alt coins for anything

So tell me again why are you insisting on cryptos being new currency?