Have faith everyone. This isn't a shit coin. Not even close. I believe Omahapoker is correct in thinking the niche for this coin is gambling online. I'm not a casino gamer at all, but I know how massively popular it is. We'll be on mintpal soon enough, and I know more gaming sites are in the works. The price is likely down from early miners panic selling. It's not uncommon for early miners to be quite stacked. Take a look at black coin or especially dark coin. Before dark coin had dark send (anonymity), it was interesting, but nothing special. Before the fork that slowed it down a bit, it even surpassed Litecoin. That is fucking amazing.
Tl;Dr, enjoy the low price while it lasts to stock up on some JPC before it secures it's defining characteristic that gave it value. Once the community at large understands a coins purpose, the value shoots way up.
Edit: BTC to USD is up above $620 on coinbase. I suspect a lot of fiat dumping too is effecting every coin more or less. It's just the nature of the business. Those that are shortsighted or simply need the fiat at the moment are cashing out hard. Again, use this to your advantage and buy your favorite coins cheaply
+1
Dice game is not a just small part of crypto coin business.
It is the most active and biggest business sector among all bitcoin and altcoins.
Check just-dice.com only.
Personal Investment: 41,181 BTC = $ 25,532,220
Investment Profit: 17,516 BTC = $ 10,859,920
Total betting amount: 5,268,819 BTC = $3,266,667,780
THIS IS ONLY ONE DICE SITE GAME SITE's STATS.
Recently bitpay, leading bitcoin payment gateway service announced it reached 1 million dollar per day processing volume.
This amount is based on all major online sites and 30,000 sites which accept bitcoins.
So to reach just one dice's site transaction volume, bitpay needs to combine almost 10 years' all volume.
Don't you see how important this game is in bitcoin business?
Do you know why FBI does not touch these sites?
If FBI hits this business, it means bitcoin becomes completely illegal in the US, and Las Vegas should be closed as well.
Jackpotcoin is the first true coin that has both technological advance and industry oriented market.
