this is just sad

[Arcteryx]

I wonder where the altcoin market increase went.

Doesn't look like dash, ethereum nor any alt coin prices shifted.

Is it sustaining a massive sell off of alt coins?

Not for all the scammers sitting on / selling their pre minted crap.

Exacta.

Could be a good time to short dash, eth, whatever alts are selling at high volume.

What do you think everybodys been doing all this time when the signal of eth showing to push sudden past 35% in a day.
Those kind of days what else is one to do while watching all these #2 and #3 right behind the top dog are increasing their pace like a dog chasing a car's bumper?
They don't know they'll never catch up to that car and get to chew that bumper unless it gets a flat.

[jubalix]

[1] Tech reasons and lack of consensus dev now and the implications for the future

[2] People want to get more, eg 1btc in eth launch is now circa, $100K or 100 BTC, does BTC offer this over the same time frame? So people will continue to buy in to ICO's thus sort of becoming a self fulfilling prophecy

[3] Eth and Dash mayface issues of succession, once ED or VB leaves moves on or whatever, then they will fall into inter-cine deleterious warfare over various tech and other issues, much as BTC has now, so in someways BTC is goingi through this phase much much earlier

[4] The trend is clear, and never faultered only down, you have to diversify in to alts or loose value, and as a hedge against BTC.

[Xester]

I wonder where the altcoin market increase went.

Doesn't look like dash, ethereum nor any alt coin prices shifted.

Is it sustaining a massive sell off of alt coins?

Not for all the scammers sitting on / selling their pre minted crap.

Exacta.

Could be a good time to short dash, eth, whatever alts are selling at high volume.

What do you think everybodys been doing all this time when the signal of eth showing to push sudden past 35% in a day.
Those kind of days what else is one to do while watching all these #2 and #3 right behind the top dog are increasing their pace like a dog chasing a car's bumper?
They don't know they'll never catch up to that car and get to chew that bumper unless it gets a flat.

Since bitcoins price is decreasing many have panicked and sell their bitcoins in exchange for dollars and some for  Ethereum and DASH. But it was not limited only to bitcoins but other altcoins were also affected including monero whose value drops as bitcoins price drops. This is a sign that if bitcoin will go down all of the crytpcurrency world will go down.

[jubalix]

BTC losing market cap dominance doesn't mean anything, nor would it if it lost its position as "first" in the market cap listings.

Sure it does it what makes news and influences decisions and spend

[paul gatt]

Recently, there has been so much trouble with bitcoin. The bitcoin market is volatile and tends to deteriorate. The hardfork is being oriented and will proceed in the near future, presently bitcoin is branching, and the separation will definitely occur with bitcoin. Although every trading platform sees the BTU as an altcoin, there are still a lot of people hoping for it, which makes things worse, market turbulence and the value of bitcoin decline dramatically.

[zimmah]

Sad for all those people who moved their Bitcoin into Altcoin

actually those people are quite happy i'd imagine, they made a lot of money.

[positivezero]

Sad for all those people who moved their Bitcoin into Altcoin

How did you know about it? Well if that so, its their choice to moved their bitcoin into altcoin. But in my case no problem, since i bitcoin is very progressive and famous currency in the market, then i'll stick to one on it no matter what, it don't really matter for me the value or price of bitcoin (if high or low) as long as im enjoying, happy using it, bitcoin is a trustworthy one and can give me freedom in some many like making some transactions.

[thepo1m]

Sad for all those people who moved their Bitcoin into Altcoin

This is the best response to the question, I can see some people borrowing BTC at 0.25% per day to pump some Altcoins, this can only end one way for them because they can't sustain the price

[Hydrogen]

Could be a good time to short dash, eth, whatever alts are selling at high volume.

Looks like dash is crashing.

1/2 on my calls.



(Wonder if eth will do the same.)

This game is almost too easy sometimes.

[jonald_fyookball]

Could be a good time to short dash, eth, whatever alts are selling at high volume.

Looks like dash is crashing.

1/2 on my calls.



(Wonder if eth will do the same.)

This game is almost too easy sometimes.

every gets excited about ethers and then the reality of the high inflation and a a possible extended bear market sets in as there's simply not enough buyers to keep up with supply. 

[Hydrogen]

Could be a good time to short dash, eth, whatever alts are selling at high volume.

Looks like dash is crashing.

1/2 on my calls.



(Wonder if eth will do the same.)

This game is almost too easy sometimes.

every gets excited about ethers and then the reality of the high inflation and a a possible extended bear market sets in as there's simply not enough buyers to keep up with supply.  

There goes ETH.



2 for 2 on my calls. Maybe I should get back into trading.

Its not that hard to tell when someone is conning people into buying their overpriced junk coins & the price will decrease as a result.

Overhyping failed ventures & artificially pumping price to unload troubled assets on an unsuspecting public is an extremely common profiteering tactic in the investment world.

Even banks like goldman sachs screw over entire countries like greece using the very same methods.

[Kakmakr]

The sad thing will be when the pumpsters withdraw their investment in Alt coins like Ethereum & Dash and the sheep are left over with the empty bags. A lot of speculators are spreading FUD about Bitcoin in the hope that people would run to Alt coins and they were fairly successful so far, but this will come down hard very soon. ^sad^

Big hope = Big tears

[Sadlife]

http://coinmarketcap.com/charts/#btc-percentage

So what altcoin price increase ETH dash steem?
Choosing altcoin rather than bitcoin that is true sadness.

[Amph]

market cap is a meaningless number

i can create an alt tomorrow with 5trill coins.. get just 1 coin on an exchange and sell it to myself for $1.. and instantly my alt is market capped at $5trillion...

there are NOT $25billion fiat sitting around in bank accounts ear-marked to back the entire cryptocoin market.

anyone can make the market cap spiral up to trillions just by using small numbers.

this is partially true, there is no way to figure the exact amount of the money sitting in all the exchange, maybe they are not 16B like the bitcoin marketcap, but they are not only millions either

last time i've checked all exchange combined are sitting on a large amount of bitcoin, more than millions in number, so the real marketcap is not so far away from the one reported in coinmarketcap

[Kai Proctor]

http://coinmarketcap.com/charts/#btc-percentage

So what altcoin price increase ETH dash steem?
Choosing altcoin rather than bitcoin that is true sadness.

The true sadness is to not just increase the block size and end all that drama ... At least those alts, and I'm not only talking about Dash, are trying to offer something better : governance, fast transaction, anonymity ...

[Velkro]

market cap is a meaningless number

i can create an alt tomorrow with 5trill coins.. get just 1 coin on an exchange and sell it to myself for $1.. and instantly my alt is market capped at $5trillion...

Agree 100%, market cap is a meaningless number.
Its good that altcoins exist, its like beta tests for possible new features in bitcoin.

[freedomno1]

http://coinmarketcap.com/charts/#btc-percentage

That was a bit of a panic run, technically we still base on Bitcoin prices so the diversification has stabilized for now.
As long as the sales pitch is don't worry we wont blow up else our lingua franca is in flux and it becomes we have to change the coin we base other coins upon.

(That said owning a bit of each currency is a good hedge)
As long as poloniex doesn't run with the coins or whatever online exchange your using since syncing .... 30 or so wallets and blockchains to your PC is hellish.

[CuriousGeorge]

market cap is a meaningless number

i can create an alt tomorrow with 5trill coins.. get just 1 coin on an exchange and sell it to myself for $1.. and instantly my alt is market capped at $5trillion...

Agree 100%, market cap is a meaningless number.
Its good that altcoins exist, its like beta tests for possible new features in bitcoin.

But some people still consider to buy alts from its marketplace so it's not obvious.

[daneranon89]

Could be a good time to short dash, eth, whatever alts are selling at high volume.

Looks like dash is crashing.

1/2 on my calls.



(Wonder if eth will do the same.)

This game is almost too easy sometimes.

That's a great call! Yes, ETH and DASH prices was running mad and it is time for some correction. What do you think the support levels for ETH and DASH would be to close the shorts and to go long. What are the chances for DASH to fall below $60 ? I think ETH can correct to 40 or $35 levels and stabilize imo.

[gadsden76]

Could be a good time to short dash, eth, whatever alts are selling at high volume.

Looks like dash is crashing.

1/2 on my calls.



(Wonder if eth will do the same.)

This game is almost too easy sometimes.

That's a great call! Yes, ETH and DASH prices was running mad and it is time for some correction. What do you think the support levels for ETH and DASH would be to close the shorts and to go long. What are the chances for DASH to fall below $60 ? I think ETH can correct to 40 or $35 levels and stabilize imo.

Next day ETH is bumping up against its all time high USD.  Dash is a very different coin, way too high though. ETH has a long ways to go...