Bitcoin Forum

you knew it had to happen at some point ... now how low will it go ?

The real question is now that it's back to where it was two days ago, will it spike again before the drop date?

SPIN THE WHEEL

I can already see some people very upset about the dump, Kind of fun to watch  ;D

"Tokens of dubious value were purchased today for less than they were purchased yesterday"

So many people who panic at every drop.

what ... you wait for the flood before you panic?

There's still time for a lot of pumps and dumps but maybe not to 0.16

LOL  WTF people don't REALLY want to give hundreds of millions to a bunch of strangers  :)  never saw that coming.

It's funny, the two closely linked best current coins (AUR and MZC) are in a spectacular freefall with some very intriguing numbers. Alas, that is the nature of the Pump and Dump...How low will it go? I personally prescribe to the 1/16th rule:

AUR: High of 0.17 BTC with a 24 hour-mark value that after ATH went to ~0.09. Using the 1/16th rule, probably a crest of a round 0.011-0.014 at the absolute lowest before following a different type of trend. Do I think it can rebound back to 1/2 of its high (0.085) from where it is right now? Sure. Will it sustain that? I would be surprised.

MZC: High of 0.17 mBTC, with a 24 hour-mark value after ATH that went to about ~0.09 mBTC. Using the 1/16th rule, likely a crest of 0.011-0.014 mBTC. Same other comments as with AUR.

Once again, both of these coins were hyped, pumped, dumped and now it's in a consistent short-term downward trend. Kinda like a lot of other coins in the alt-scene. Isn't it funny how they both hit a high-target and a 24 hour mark value that were nearly identical? Oh well, happy coincidence right?

I can handle a flood. A tsunami is what worries me.

sharp market analysis

Thats the nature of the market and btc/alt currencies they go up and down and upp and down etc. nothing new really

Personally I expected the coin to take a dive far earlier than it did, so I'm pleased to see it outperform my expectations, now let's see how low it will go.

Most of all altcoins older than a month are dropping. it's because people hopping from one new altcoin ipo to another by selling older altcoins just to make some little ( sometimes more than a little ) profits with the new ones.

This is why coins need to be designed for the end user, not the fucking miners.

Imagine if all Apple cared about was that the little Chinese fingers snapping my iPhone together were happy.. I'd be a pretty pissed off customer.


If you're interest in developing or investing in a coin that is not made for miners to pump and dump, please PM me.

+1 Hahaha

+1

Yup MAZACOIN is next

Very interesting. Glad I passed on that bs scam coin.

Wow altcoins were pumped and then dumped by people trying to make a quick buck. So I guess we should all immediately presume that the coin is in and of itself a "scam coin." I am still shocked to see so many people that choose to throw that term around without any sense of the damage that it does to the perception people have about crypto. It is almost as bad as the scam coins themselves. Newsflash, ANY coin no matter what the merits or good/bad intentions of the devs can be pumped/dumped. Know what your are referring to before speaking. There are dozens of examples that would support what seems to be the strong possibility that the dev of Auroracoin is well intentioned. Scrutinize it, but if you can't do your homework before crying "scamcoin" then you might as well pack your bags and leave. Because there is no sense remaining in a building that you helped set on fire.  

I warned ppls.  You try to do good and warn them and they yell at you and get all personal and angry.

ppls are so dumb.  This coin is going so much lower still.

This is exactly what will happen to MAZA.

ppl are greedy.  its sad people dont listen http://www.dylanratigan.com/wp-content/uploads/2011/12/30272_Greedy_Bastards_300x300_podcast_logo.jpg

I don't know, it may still have some life left. Hit .025 for a couple hours today then shot up to .05 before settling to .04.

This is about the best response I've read on this thread.. Everyone else is fucking treating every coin as a fucking game of dice.. A bunch of fucking whiggers and hoodlums only willing to talk shit about something before they even researched what a particular altcoin crypto currency is for. At the rate these assclowns are going, the world of crypto currencies will be defunt within a year and no one will bother to invest in any of them because all they are looked at as a online casino..

I'm supporting only the crypto currencies that push the idea that the curent central banking system is fucking obsolete and needs to be abolished. Too many people's lives have been destroyed over this fraudulent system. I'm tired of all the class warfare of the haves and the have nots..

 

You guys told me it was going to go to 1 BTC in value, WTF man!  8)

This world will need     8,000,000,000 from it

Different coin same outcome!!

hahahaha, but based on where btc is going, if some real infrastructure improvements are not implemented soon it will be worth 1btc right where the alt is now.

any news on new miners who are now mining auroracoins?
as i understood it
the problems causeing the fall is that the miners didnt like the new dificulty and stoped mining
any news on what was done about that ?

why all the mzc hate? seems to me that a man is trying to do some good for his people, he seems to have a solid plan and be lookign towards long term development. im not writing of mzc

Aurora is falling because ppl are dumping. BCX is testing the coin's security and when he does his thing there is no stopping it. He warned ppl in another thread to start dumping. This could have a lot to do with this free fall ;D