Bitcoin Forum

I have for almost a year said at the end of the month people dump coins like crazy to pay bill etc.
And this next end of month dump is set to be the worst of all !
It's going to be a blood bath.

Every month i warn guys and every month i am 100% correct !

The peak of prices is roughly mid-month now a days.. dropping more and more until we hit the end of the month !

what has concerned me now though is since the last month prices never really recovered like they usually do..
instead what we have had happen is the prices just kept sliding downward on the majority of coins.

and i blame the liars and thieves and mouthy scamming trolls and their shell accounts around here.
You guys have slaughtered the confidence off the public.. i hope your proud of yourselves
and i will sit back and wait for you all to fumble over yourselves accepting responsibility for it  ::)

Thanks greedy scammers make more coins and more forum accounts idiots..

Oh and don't forget to Troll harder, it makes you guys look oooooooh so legit.. getting caught lying and scamming non stop.
Don't worry you can just deny it no matter how much evidence is dropped on you LOL
And the dumb public will believe it all eh ?
Except they don't.. which is why prices have been dropping non stop for 6 months.. people are not stupid cloning Troll scammers.

Well you can't really know if they will continue dropping as hard as they did. The issue was that Bitcoin had dropped in price by a decent amount.
When this happens (learned from the past) usually the altcoins drop hard. The issue here is the same, too many random copycat coins are being allowed. There are no restrictions and that is causing the problem.
Also we don't know when the next lift off might be, but that will surely make quite some coins rise up.

Well i want to stress that this time there has been no rebound to speak of in the last 30 days.. just more downward sliding :(
So when the end of the month low hits ..do the math.
i can provide a ton of examples..

we are ALREADY down in price at the monthly peak price period so when it picks up momentum with more and more dumping we're gonna get hard !

the patterns and stats are crystal clear.

edit:
Last week or so i have been watching and trying to decide what to do BEFORE i open my mouth LOL
And i decoded to just sit on all my coins and ride it out (POS staking etc)
Some guys may want to dump for preparation.. it seems some guys have heard my call last couple months about this pattern
and more and more are dumping mid month.. i have been making this topic and telling every one for around 8 or 9 months like a broken record
and i have NEVER been wrong !

you all need to decide what to do NOW !

just broke 350 on BTCe for BTC - LTC is submarine -

thanks for the tip after you told me i seen that at "Wisdom" wow man LOL

i was going to spread some hysteria and try and scare people and FUD bitcoin but..
i am sure it will rise back up (and already is) haha

off-topic yet linked eh
like the ties to Bitcoin to Altcoins

Quark is well bid - goes to my blog post to the LTC noobs that Quark would have been a good "reserve" to park Capital -

http://kolinevans.wordpress.com/2014/07/04/why-has-litecoin-decoupled-from-bitcoin-and-is-on-a-price-decline-and-why-is-this-important-for-quark-and-other-free-market-crypto-currencies/

but hey 50% is 50% ?

I didn't think anyone would listen lol

let me just now go and make fun of people .....

ya well it's all over now..

i have had my fill of cheap coins and even cheaper coins AND YET MORE CHEAPER COINS.. AND OMFG HOW DAMN CHEAP ARE THEY GOING TO GET COINS ?

This is crypto last few months and in 2 weeks it's going to get nasty !  :'(

http://www.telecoms.com/wp-content/blogs.dir/1/files/2011/11/graph-down.jpg

I agree it is going to be a bumpy ride. There are many factors at play with the recent altcoin slide. BTC is down, it's summer, negative publicity in the mainstream media, fear of "Bitlicense", money moving into monster IPOs like Etherium.

I am certain things will look much better this fall, but of course, "the market can remain irrational far longer than you can remain solvent".

Hang in there everyone!  :)

I was working on Quark miners last year and i got to see a genuine effort to make a different coin.
it had a new series of algo's brought together unlike anything we seen at the time !
Like what did we have back then ? Scrypt.. Prime coin's algo and not much else really..
x11 or x13 ? a small mod of Quark the father of all these crap clones..
I don' think noobs realize what the code looks like and they can't grasp that when it came out there was no GPU miner for ages !
Quark is a special coin for sure and special coins will be more resilient is my best guess ;)
And the flavor of the day "propped up" sadly i have to admit too LOL
Downward trends can still see a coin or two doing not bad while most tank i notice every month..
Some weird reason RDD was hot shit while damn near all coins were sliding down last month ..weird hahah
I'd never say "all" but "most" will be going down soon is fair i think. (because of end of month dumping + the momentum it creates)

just my observations ;)

and remember Spoetnik Loves You !

Interesting comment regarding x coins and their wallet


Quarks dev respond

This assumes that the ultimate goal was not nefarious. I've been trying to alert everyone about the dilution attack for almost a year.

I believe that this is mostly an intentional and well designed plan to diminish Bitcoin. Due to the contagious nature of greed, it is also now self sustaining.

it was a failed attempt - Bitcoin just stagnated because its flawed its an imperfect monopoly -  (there are about 15 more options now )

what has China got plenty of?

1. Cheap electricity  
2. Cheap electronics.

so its a monopoly that can't be kept, its will rely on "trust" that won't exist.

due to the centralized nature of the now flawed system.

So,
what happened to CLOAK and DRK today?

The stock market has upward and downward trends that can last many months. Crypto appears to be in a downward trend at the moment but there is no indication the downward trend is permanent.

Hopefully this downward trend moves coins into the hands of more people and more evenly distributes coins.

Bearish sentiment, just hold tight

Well someone has been either manipulating the market or abandoning the coins. You can see that coins like CLOAK and DRK have taken huge hits, but they aren't alone. Look at Monero now. The question is why would someone abandon a coin that is actually good?

Monero seems to be holding up to me.
Based on mining cost it seems at a reasonable price.

However every coin is driven by adoption. We will see if Monero can pull ahead when market recovers.

why are we going to turn around with altcoins ?
some huge amount of people are going to show up ? what ? i don't get it..

when the market is 100% more diluted is that going to make coins worth more ?

the coin does not matter.
people invest they buy into the sales pitch then another one comes out and crowd jumps on that one
leaving a handful holding the bag who have to take a loss eventually and when they do they will be pissed off and eventually get tired of it and leave !
and they are leaving.. this is a fraction of what it was before !

this shit is imploding.

i could not fucking believe how many guys almost unanimously ran around crypto saying that Scrypt Asics woudl make Scypt coin explode in value.
i said almost by myself way back i sold off my scrypt coins with a loss and it was going to get worse..
and that is precisely what happened !
And ALL those many people saying it vanished into thin air.

all this is painfully obvious and it's sad watching delusional guys cling to false hope for so long..
we need to step back and try and look at this stuff from an outsiders perspective and forget about owning coins and look at things in a simple and honest way.
Not bag holders tunnel vision optimism LOL
Why would some big crowd of people show up and get in on this stuff when there is a 1,000 coins maybe ?
And it don't matter if one is legit.. unless it's a confirmed and obvious Bitcoin killer it's a waste and stupid to release it along side 999 shit coins !

it's like taking a shit on the ground in the same spot 999 times then adding ONE MORE (that is awesome) ..then one more.. then one more ..then .. ..

It starts now?  What was Dec to now?

@ Spoetnik I agree that why are SO MANY similar coins released?

Why don't these devs band together on similar projects and get a real bitcoin killer made?

Because they are greedy and could care less about working with other people. They use people like yourself as pawns to inflate their personal stake and then dump it when you least expect it.

Keep holding that monero though. Keep bagging it. I'm sure all these other people are wrong and you are right, even if your coin is also sinking in value along with everybody else's.

Will do.

Enjoy your DRK and "Shitcoin 3.0" bags.


I agree with your sentiment on what "devs" are doing, which is unfortunate. Although I disagree if you are talking about XMR's price couple days, which has been steady. I also think XMR's price is right where it should be based on mining interest, if not still a little high.


Edit: Also, I don't think XMR devs bother much with the market. They also don't have a massive supply of the coin, so they cannot manipulate. 

I don't know how you can say this when the monero team has had the most obnoxious, omnipresent, uneducated, persistent spammer army the altworld has ever seen. I suspect they are one of the first coins to pay people specifically to promote their coin. Although they should have done a better job selecting their employees because all they ended up doing was making a mockery of themselves and their poorly-named coin.

Greed, selfishness and vanity i think.
I have asked these devs so many times why they didn't join an existing project and they have no answer..
i just can't see it any other way really..

i went through bullshit in the cracking scene before when i was cracking Valve's Steam.. i had a looooong line of firsts
and with minutes of posting my work a crowd of wannabee hackers would copycat my work and lie about it and stir up drama denying it.
i even told them i always added dummy code edits etc (hidden tagging) in my work to trap idiots who copied my work.
so they couldn't deny it.. and they still did anyway.
WHY ?
Vanity.. the net is made up of selfish little shits desperate for attention at the cost of anyone or anything.
I retired from it all way back because of it.
Same loser douche bullshit here except they can usually make money on top of trying to be a crypto rock star getting the altcoin-pole shined.

edit2: and yeah i used other peoples work too but i tried REALLY hard to give proper credits when i could :)

it might seem harsh of me all the time complaining but i have no choice, i am a consumer and i am glad i am not in the devs shoes lol

edit:
@statdude, is your avatar from the old TV show called "The Dating Guy" ?
I liked that show and uploaded s01 and s02 around the net way back :)

I agree with what you said except i never had any Monero before or will in the future lol
I had suspected my fav coin might have had some shenanigans before when there was a so called Hacking
and i posted it was possible the dev or someone was involved..
I have no choice but to trust guys if i support a coin.. hope for the best  :-\

Unless the community as a whole bands together, the only ones with any real power to stop this endless shitflood are the exchanges.
Unfortunately, as long as there is BTC to be made, it's makes no business sense to do so.

One that note, does anyone want to start an exchange with me that ONLY lists innovative coins ;)

This is debatable. Outside the higher # of threads I don't see how XMR is worse in this area than any other coins, they are all full of shills. You haven't done any meaningful measurement or data analysis, until you do this is simple FUD and speculation.

You aren't saying anything about the dozens of Etherium, BitsharesX, Dark and other coins threads either. Oh well, we all have our pet enemies, I'm not really disagreeing with the fact that there is spam. This whole sub is full of it.

Never attribute to malice what can be more readily attributed to stupidity.