peercoin?

[Antonioz]

hello there, I was wondering if anyone knows why is the price of peercoin going down so much? I bought a lot of them as it kept falling, but then it kept falling more and more, I should have kept btc it seems to be happening to other altcoins too, is only it because btc is going up? I did invest some btc in altcoins thinking they were at a very low price, and now they are half the original price.

[rokkyroad]

hello there, I was wondering if anyone knows why is the price of peercoin going down so much? I bought a lot of them as it kept falling, but then it kept falling more and more, I should have kept btc it seems to be happening to other altcoins too, is only it because btc is going up? I did invest some btc in altcoins thinking they were at a very low price, and now they are half the original price.

Lots of factors. Most, if not all, old altcoins have dropped dramatically in worth.

Main one is no altcoin has taken off as bitcoin's silver. Litecoin was for a long time but it has languished too. Until people start using cryptocurrencies as currency the scene will remain a school boy's pasttime of playing/trading marbles. The boy's like shiny new marbles.

At the present time altcoins only reason for existance is to be traded for btc which really has value.

Hang on to your peercoins. The developer has not abandoned it and it has stood the test of time.  Who knows what the future will bring.

[thebatletbet]

peercoin is good coin and big coin
but peercoin dev can't develop community peercoin user

this now price down, because bitcoin price is veru high incraese

[klarki]

Try to ask on the official forum.
Quite a long time there is a discussion about lowering POW reward.

[dinofelis]

hello there, I was wondering if anyone knows why is the price of peercoin going down so much? I bought a lot of them as it kept falling, but then it kept falling more and more, I should have kept btc it seems to be happening to other altcoins too, is only it because btc is going up? I did invest some btc in altcoins thinking they were at a very low price, and now they are half the original price.

Lots of factors. Most, if not all, old altcoins have dropped dramatically in worth.

Main one is no altcoin has taken off as bitcoin's silver. Litecoin was for a long time but it has languished too. Until people start using cryptocurrencies as currency the scene will remain a school boy's pasttime of playing/trading marbles. The boy's like shiny new marbles.

At the present time altcoins only reason for existance is to be traded for btc which really has value.

Hang on to your peercoins. The developer has not abandoned it and it has stood the test of time.  Who knows what the future will bring.

I think you hit the nail on its head.