Why old genuine coins dump?

[ridery99]

At last scam ico bubble popped but why solid real value coins dump also? Will they bounce back or is this the start of the bear market?

[krizniq]

Because people are sheeps and weak hands

[DigitalLemming]

It will all rebound, sooner rather than late I think when the scared money realizes the sky is not falling.

[Argoo]

It seems to me that now it's silly to sell old checked coins when they decently fell in price. Now is the time to buy such coins. In any case, they will grow in a short time. We need to wait a little and the patient will wait for the reward.

[styca]

The whole market response to the ICO news has been ridiculous. Although I do think that a big contributor to the drop was bitcoin brushing the $5k threshold.

[ridery99]

Maybe the destruction of these scam icos will help real projects to gain value