I'm of the belief that alt coins are mostly just created by opportunists. The effect is the same though, people are going to lose wealth.
But there is a bright side, it gives people more time to realize bitcoins value and buy it at a discount.
I confess. I love xrp mission and developer. Holding it for years and continue to for decades I hope.
These two links summarize why I'm not interested in alt coins.
https://www.sec.gov/news/press-release/2020-338
I don't know if they did anything wrong, but the founders appear to have made $600M selling ripple. Alt coins are definitely profitable.
Good luck with your investment.
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