Auroracoin in free fall

[Armis]

you knew it had to happen at some point ... now how low will it go ?

[warlogna]

The real question is now that it's back to where it was two days ago, will it spike again before the drop date?

SPIN THE WHEEL

[st1ngray]

I can already see some people very upset about the dump, Kind of fun to watch  

[username here]

"Tokens of dubious value were purchased today for less than they were purchased yesterday"

[PyroClasTix]

So many people who panic at every drop.

[Armis]

So many people who panic at every drop.

what ... you wait for the flood before you panic?

[TiberiuC]

There's still time for a lot of pumps and dumps but maybe not to 0.16

[cryptohunter]

LOL  WTF people don't REALLY want to give hundreds of millions to a bunch of strangers    never saw that coming.

[hellscabane]

It's funny, the two closely linked best current coins (AUR and MZC) are in a spectacular freefall with some very intriguing numbers. Alas, that is the nature of the Pump and Dump...How low will it go? I personally prescribe to the 1/16th rule:

AUR: High of 0.17 BTC with a 24 hour-mark value that after ATH went to ~0.09. Using the 1/16th rule, probably a crest of a round 0.011-0.014 at the absolute lowest before following a different type of trend. Do I think it can rebound back to 1/2 of its high (0.085) from where it is right now? Sure. Will it sustain that? I would be surprised.

MZC: High of 0.17 mBTC, with a 24 hour-mark value after ATH that went to about ~0.09 mBTC. Using the 1/16th rule, likely a crest of 0.011-0.014 mBTC. Same other comments as with AUR.

Once again, both of these coins were hyped, pumped, dumped and now it's in a consistent short-term downward trend. Kinda like a lot of other coins in the alt-scene. Isn't it funny how they both hit a high-target and a 24 hour mark value that were nearly identical? Oh well, happy coincidence right?

[PyroClasTix]

So many people who panic at every drop.

what ... you wait for the flood before you panic?

I can handle a flood. A tsunami is what worries me.

[Armis]

It's funny, the two closely linked best current coins (AUR and MZC) are in a spectacular freefall with some very intriguing numbers. Alas, that is the nature of the Pump and Dump...How low will it go? I personally prescribe to the 1/16th rule:

AUR: High of 0.17 BTC with a 24 hour-mark value that after ATH went to ~0.09. Using the 1/16th rule, probably a crest of a round 0.011-0.014 at the absolute lowest before following a different type of trend. Do I think it can rebound back to 1/2 of its high (0.085) from where it is right now? Sure. Will it sustain that? I would be surprised.

MZC: High of 0.17 mBTC, with a 24 hour-mark value after ATH that went to about ~0.09 mBTC. Using the 1/16th rule, likely a crest of 0.011-0.014 mBTC. Same other comments as with AUR.

Once again, both of these coins were hyped, pumped, dumped and now it's in a consistent short-term downward trend. Kinda like a lot of other coins in the alt-scene. Isn't it funny how they both hit a high-target and a 24 hour mark value that were nearly identical? Oh well, happy coincidence right?

sharp market analysis

[drippx]

Thats the nature of the market and btc/alt currencies they go up and down and upp and down etc. nothing new really

[Armis]

Thats the nature of the market and btc/alt currencies they go up and down and upp and down etc. nothing new really

Personally I expected the coin to take a dive far earlier than it did, so I'm pleased to see it outperform my expectations, now let's see how low it will go.

[tyz]

Most of all altcoins older than a month are dropping. it's because people hopping from one new altcoin ipo to another by selling older altcoins just to make some little ( sometimes more than a little ) profits with the new ones.

[jonnysomething]

Most of all altcoins older than a month are dropping. it's because people hopping from one new altcoin ipo to another by selling older altcoins just to make some little ( sometimes more than a little ) profits with the new ones.

This is why coins need to be designed for the end user, not the fucking miners.

Imagine if all Apple cared about was that the little Chinese fingers snapping my iPhone together were happy.. I'd be a pretty pissed off customer.


If you're interest in developing or investing in a coin that is not made for miners to pump and dump, please PM me.

[XbladeX]

LOL  WTF people don't REALLY want to give hundreds of millions to a bunch of strangers    never saw that coming.

+1 Hahaha

[Armis]

Most of all altcoins older than a month are dropping. it's because people hopping from one new altcoin ipo to another by selling older altcoins just to make some little ( sometimes more than a little ) profits with the new ones.

This is why coins need to be designed for the end user, not the fucking miners.

+1

[anderl]

LOL  WTF people don't REALLY want to give hundreds of millions to a bunch of strangers    never saw that coming.

+1 Hahaha

Yup MAZACOIN is next

[CryptoKilla]

It's funny, the two closely linked best current coins (AUR and MZC) are in a spectacular freefall with some very intriguing numbers. Alas, that is the nature of the Pump and Dump...How low will it go? I personally prescribe to the 1/16th rule:

AUR: High of 0.17 BTC with a 24 hour-mark value that after ATH went to ~0.09. Using the 1/16th rule, probably a crest of a round 0.011-0.014 at the absolute lowest before following a different type of trend. Do I think it can rebound back to 1/2 of its high (0.085) from where it is right now? Sure. Will it sustain that? I would be surprised.

MZC: High of 0.17 mBTC, with a 24 hour-mark value after ATH that went to about ~0.09 mBTC. Using the 1/16th rule, likely a crest of 0.011-0.014 mBTC. Same other comments as with AUR.

Once again, both of these coins were hyped, pumped, dumped and now it's in a consistent short-term downward trend. Kinda like a lot of other coins in the alt-scene. Isn't it funny how they both hit a high-target and a 24 hour mark value that were nearly identical? Oh well, happy coincidence right?

Very interesting. Glad I passed on that bs scam coin.

[andyatcrux]

It's funny, the two closely linked best current coins (AUR and MZC) are in a spectacular freefall with some very intriguing numbers. Alas, that is the nature of the Pump and Dump...How low will it go? I personally prescribe to the 1/16th rule:

AUR: High of 0.17 BTC with a 24 hour-mark value that after ATH went to ~0.09. Using the 1/16th rule, probably a crest of a round 0.011-0.014 at the absolute lowest before following a different type of trend. Do I think it can rebound back to 1/2 of its high (0.085) from where it is right now? Sure. Will it sustain that? I would be surprised.

MZC: High of 0.17 mBTC, with a 24 hour-mark value after ATH that went to about ~0.09 mBTC. Using the 1/16th rule, likely a crest of 0.011-0.014 mBTC. Same other comments as with AUR.

Once again, both of these coins were hyped, pumped, dumped and now it's in a consistent short-term downward trend. Kinda like a lot of other coins in the alt-scene. Isn't it funny how they both hit a high-target and a 24 hour mark value that were nearly identical? Oh well, happy coincidence right?

Very interesting. Glad I passed on that bs scam coin.

Wow altcoins were pumped and then dumped by people trying to make a quick buck. So I guess we should all immediately presume that the coin is in and of itself a "scam coin." I am still shocked to see so many people that choose to throw that term around without any sense of the damage that it does to the perception people have about crypto. It is almost as bad as the scam coins themselves. Newsflash, ANY coin no matter what the merits or good/bad intentions of the devs can be pumped/dumped. Know what your are referring to before speaking. There are dozens of examples that would support what seems to be the strong possibility that the dev of Auroracoin is well intentioned. Scrutinize it, but if you can't do your homework before crying "scamcoin" then you might as well pack your bags and leave. Because there is no sense remaining in a building that you helped set on fire.