r3wt (OP)
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July 08, 2014, 06:11:49 PM |
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Day by day. Hour by hour. Minute by minute.
Your altcoin portfolio is losing its value.
It's lurking in the shadows like a 30 foot elephant and no one wants to address. Seemingly, it would appear that the growth in february and mark was a fluke, and the altcoin market appears to be in a rapid decline once more, despite bitcoin relative stability around 620. So it begs the questions:
Is crypto dying?
Is the AltCoin Market dying?
It looks as if now, more than ever Older alts are continuing to fall while the turnover rate of pump and dumps is steadily increasing. These days, coins pump and dump within as little as a week before going into a gradual, predictable, and steady decline. Correct me if i'm wrong, but it sure looks like the Altcoin Market is dying. I've talked with many others who are pulling their assets out into BTC to wait out the panic that will surely ensue as the decline creates a snowball effect of panic dumps.
Thoughts?
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