Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: eindbaas on December 01, 2013, 06:14:46 PM



Title: Why are all the crypto coins crashing?
Post by: eindbaas on December 01, 2013, 06:14:46 PM
Is it just me or do I see allot of crash.jpg ?
http://coinmarketcap.com
there goes my Maserati


Title: Re: Why are all the crypto coins crashing?
Post by: bitcon on December 01, 2013, 06:17:11 PM
when btc crash the others usually follow.  probably a sheep dump happening right now.


Title: Re: Why are all the crypto coins crashing?
Post by: malevolent on December 01, 2013, 06:19:09 PM
They were over-pumped and people are now panicking during a small BTC price correction.


Title: Re: Why are all the crypto coins crashing?
Post by: KFR on December 01, 2013, 06:56:08 PM
Litecoin seems to be weathering the storm quite well at the moment.

http://bitcoinwisdom.com/markets/btce/ltcbtc


Title: Re: Why are all the crypto coins crashing?
Post by: eindbaas on December 01, 2013, 07:06:03 PM
zeta and feather doing good. world coin got pumped very hard. Lost 40m total market cap in 1 day I lolled.


Title: Re: Why are all the crypto coins crashing?
Post by: Notanon on December 01, 2013, 07:16:08 PM
Hoping for a mild fall with Peercoins.


Title: Re: Why are all the crypto coins crashing?
Post by: conspirosphere.tk on December 01, 2013, 07:22:35 PM
and it's not the first time that btc and bitcointalk crash right at the same time. hmm
but it's probably just the usual weekend crash with the juice of the expected correction added on top.


Title: Re: Why are all the crypto coins crashing?
Post by: wobber on December 02, 2013, 02:55:36 AM
Massive energy has been released. The market is relieved, I can feel it. More ATH very probable.


Title: Re: Why are all the crypto coins crashing?
Post by: byronbb on December 02, 2013, 03:02:26 AM
Man the scam coins being pumped are truly annoying. Why would someone think we need 10 versions of bitcoin?


Title: Re: Why are all the crypto coins crashing?
Post by: exstasie on December 02, 2013, 03:15:38 AM
Man the scam coins being pumped are truly annoying. Why would someone think we need 10 versions of bitcoin?

Well if these crypto coins take off, there is going to be need of more than one currency out there.   Once Bitcoin becomes popular and overpriced, a new currency will emerge to compete. 


Title: Re: Why are all the crypto coins crashing?
Post by: byronbb on December 02, 2013, 03:18:34 AM
Man the scam coins being pumped are truly annoying. Why would someone think we need 10 versions of bitcoin?

Well if these crypto coins take off, there is going to be need of more than one currency out there.   Once Bitcoin becomes popular and overpriced, a new currency will emerge to compete. 

Yes, this is the fallacy I was refering to.


Title: Re: Why are all the crypto coins crashing?
Post by: BittBurger on December 02, 2013, 04:04:12 AM
Man the scam coins being pumped are truly annoying. Why would someone think we need 10 versions of bitcoin?
I used to think like you.

Then i realized I could buy 10 million Devcoins at $0.0000001 USD and make $3,000 when it goes to $0.0000003

The crypto market is now the biggest racket going.  Tons of money being made by everyone who gets in on new coins early.

They don't have to have any utility or purpose for people to be repeatedly getting rich when they go from $0.20 to $1.50


Title: Re: Why are all the crypto coins crashing?
Post by: beetcoin on December 02, 2013, 04:06:17 AM
i was more certain that the altcoins would crash before bitcoins.. they are by far more speculated. some of them still might still be a good investment though.


Title: Re: Why are all the crypto coins crashing?
Post by: niothor on December 02, 2013, 06:56:20 AM
Most of the alts can't be traded directly to usd. If the price of bitcoins dives in even a little , alt coins go bananas.