Why are all the crypto coins crashing?

[eindbaas]

Is it just me or do I see allot of crash.jpg ?
http://coinmarketcap.com
there goes my Maserati

[bitcon]

when btc crash the others usually follow.  probably a sheep dump happening right now.

[malevolent]

They were over-pumped and people are now panicking during a small BTC price correction.

[KFR]

Litecoin seems to be weathering the storm quite well at the moment.

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

[eindbaas]

zeta and feather doing good. world coin got pumped very hard. Lost 40m total market cap in 1 day I lolled.

[Notanon]

Hoping for a mild fall with Peercoins.

[conspirosphere.tk]

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.

[wobber]

Massive energy has been released. The market is relieved, I can feel it. More ATH very probable.

[byronbb]

Man the scam coins being pumped are truly annoying. Why would someone think we need 10 versions of bitcoin?

[exstasie]

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. 

[byronbb]

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.

[BittBurger]

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

[beetcoin]

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.

[niothor]

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.