This is the market. Only the strong / useful / profitable survive.
Darwin had it right if he had been talking about crypto.
Gotta disagree with the darwin thing!
It's not survival of the fittest anymore, it should be Survival of the most adaptive. with the world constantly changing, if a species doesn't adapt it, doesnt matter how fit they are, sooner or later something will adapt and eat it! :-) just my thoughts on the matter.
As for this post, I would say its been about 3 weeks since the last time the alt coins died and i will put money on them dying again in another 3 weeks, oh yeah in between the deaths they always come back to life!
I have lost enough money selling my coins when the markets "die" Its too painful to watch the coin price go through the roof a few days later. (Look at NetCoin LTC market on cryptsy! that market has died multiple times on me only to bounce back hugely every time! If i had held my 3.5mil netcoins instead of selling them in November (made $500 in november) they would crrently be worth 61BTC ($54,961), at their peak that would of been worth 101BTC! ($91,001)
So just because something looks dead, it doesnt actually mean it is! (I would just suggest you mine everything, hold everything for a minimum of 2-3 months and then make a judgement call on wether to sell or not - Coins will always go through an initial "Dump" stage when being listed, this can last a while. the trick is to find the coin that will come out the other side. (just look at IFC)
a long shot (which im currently backing!) is Pennies (CENT), its currently at its lowest possible price of 0.00000001 XPM on cryptsy and with the recent change in the PoS its now not dumping trillions of extra coins on to the scene everyday, the sell orders on cryptsy are actually starting to be eaten slowly but surely. (On sunday evening there was over 10k XPM worth of CENT being sold at 0.00000001, today that number is down to 7.7k before the POS fix on the 8th the volume was about 800XPM a day being bought but with the excess of the coins the sells were mounting quicker than the buys - this seems to have changed now! so it might be a good time to buy a few xpm worth because you never know what might happen - 100% increase is very likely in my opinion. (but if the lower sell orders vanish there no telling what the inevitable pump will do to the coin! (to me its a massive amount, but to some its nothing! with that said, it would only take 675BTC to make the CENT price jump to 0.00000020 (20fold) then only another 342BTC to take it to 0.00000050 (50fold) So as i said its a long shot, but you never know, it could be one to have tucked away for a review in a years time :-)
oooh i forgot, if you wanted Pennies, please check out my eye pleasing signature :-)
