11 days, $1.5 billion in market cap vaporized

[vuduchyld]

It is especially bad for alts.  BTC is around $6.4 billion in market cap right now.  ALL alts combined are down to $390 million.  Take out BTC and LTC and you're talking about ALL alts combining for about $235 million.

It has been a tough couple of weeks.  My indexes show about 30% down in 11 days.

The good news is that if your portfolio isn't down 30%, you might be doing better than the market.

Hope y'all don't have your life savings in it with plans to retire soon.

[Brewins]

When Bitcoin is hurt, the alts are hurt too. So try to attack Bitcoin to promote your altcoins is kind of a shoot in your toes.


And I think I and everyone here follow the rule of never risk more than what would make you feel tempted to commit suicide after losing all, so I guess we are OK.

[vuduchyld]

When Bitcoin is hurt, the alts are hurt too. So try to attack Bitcoin to promote your altcoins is kind of a shoot in your toes.

Good reminder.

[spyro]

Bitcoin will be up soon. Don't worry buddy!

[Justine]

Quite a lot of money disappeared into thin air.

Judging from the price action and TA indicator, the price drop is not over.

[TaunSew]

Sell in May and go away.
BTW - Bitcoin was $100 in August 2013.  Tell me which bank savings' plan or portfolio brings a 5 fold return?

[Mjbmonetarymetals]

When Bitcoin is hurt, the alts are hurt too. So try to attack Bitcoin to promote your altcoins is kind of a shoot in your toes.


And I think I and everyone here follow the rule of never risk more than what would make you feel tempted to commit suicide after losing all, so I guess we are OK.

Attacking litecoin when it's 40-50% of the whole altcoin market to promote your coin is damaging to the entire altcoin sector. Litecoin shouldn't be seen as the enemy to overthrow rather all the slithering crypto slugs spreading coin FUD and propaganda need to be salted.

Broad based adoption of Bitcoin and litecoin would do far more to boost the price of the other top tier altcoins than the current trend of calling coins dead etc. in order to try and steal a portion of market share hopefully this will happen before the life is completely sucked out of it from within.

The world at large hasn't even got their head around Bitcoin never mind litecoin as a secure alternate blockchain, yet the altcoin community has split up into infinity and has drifted down through the gravity well into a touring complete state of madness.

[StephenJH]

altcoin community has split up into infinity and has drifted down through the gravity well into a touring complete state of madness.

eloquent...

[Joshuar]

It has nothing to do with Litecoin. Litecoin's had almost 3 years to do something, but the coin has had nothing added to it, aside from being a bitcoin-copy.

[Zer0Sum]

It has nothing to do with Litecoin. Litecoin's had almost 3 years to do something, but the coin has had nothing added to it, aside from being a bitcoin-copy.

Why does LTC have to "do something"?
It's like saying gold or silver has to "do something".

Neither BTC or LTC will ever be a mainstream currencies...
They are very slow, primitive Gen 1.0 coins...
But are VERY secure digital stores of wealth.

If you had to hide $1,000,000 from your crazy ex-wife...
There are only 2 coins where you would feel safe.

ASICs and merge mining with a slew of other scrypt coins...
Including new scrypt coins designed to merge mine LTC out-of-the-box...
Will create an LTC boom soon enough.

Just on Bitfinex LTC trades 800 BTC/day...
Or you can get 30% annual interest on LTC via swaps...
This is the beginning of serious financial infrastructure for the top coins.

[Ayers]

Sell in May and go away.
BTW - Bitcoin was $100 in August 2013.  Tell me which bank savings' plan or portfolio brings a 5 fold return?

people always forgets to look at the average increase per year, and not the last peak or orther shit like that

[Joshuar]

It has nothing to do with Litecoin. Litecoin's had almost 3 years to do something, but the coin has had nothing added to it, aside from being a bitcoin-copy.

Why does LTC have to "do something"?
It's like saying gold or silver has to "do something".

Neither BTC or LTC will ever be a mainstream currencies...
They are very slow, primitive Gen 1.0 coins...
But are VERY secure digital stores of wealth.

If you had to hide $1,000,000 from your crazy ex-wife...
There are only 2 coins where you would feel safe.

ASICs and merge mining with a slew of other scrypt coins...
Including new scrypt coins designed to merge mine LTC out-of-the-box...
Will create an LTC boom soon enough.

Just on Bitfinex LTC trades 800 BTC/day...
Or you can get 30% annual interest on LTC via swaps...
This is the beginning of serious financial infrastructure for the top coins.

Please stop with the gold and silver nonsense, that may work to get immature newbies to buy into the failing litecoin but lets talk for real here. I know many others have said it as well. IRL, Silver has it's own uses that make it valuable. Same with Gold.

Litecoin has nothing that makes it valuable, it's just a bitcoin-clone with no features, making it useless to use over Bitcoin.

Litecoin is not the Silver to anythings gold, thank you very much.

[MajidBC]

Bitcoin will be up soon. Don't worry buddy!

I agree with this statement. It's just market manipulation. Don't you think so guys?

[BreakoutCoins]

It has nothing to do with Litecoin. Litecoin's had almost 3 years to do something, but the coin has had nothing added to it, aside from being a bitcoin-copy.

Why does LTC have to "do something"?
It's like saying gold or silver has to "do something".

Neither BTC or LTC will ever be a mainstream currencies...
They are very slow, primitive Gen 1.0 coins...
But are VERY secure digital stores of wealth.

If you had to hide $1,000,000 from your crazy ex-wife...
There are only 2 coins where you would feel safe.

ASICs and merge mining with a slew of other scrypt coins...
Including new scrypt coins designed to merge mine LTC out-of-the-box...
Will create an LTC boom soon enough.

Just on Bitfinex LTC trades 800 BTC/day...
Or you can get 30% annual interest on LTC via swaps...
This is the beginning of serious financial infrastructure for the top coins.

Looks like we got ourselves a big ltc bagholder. What price did ya get stuck at?

[ifightformerkel]

bitcoin will be soon 10x higher imo, because ebay

[TheCloser]

There's almost blood in the streets. I'm counting it down.

[waqas]

bitcoin will be soon 10x higher imo, because ebay

what ebay going to do as its going very high like 10x can you give some more information about this

[ajareselde]

bitcoin will be soon 10x higher imo, because ebay

Isnt owner of ebay and paypal the same person/corporation; i doubt we will see profit from that branch lol

Anyways, regarding alts and bitcoin price, there is nothing better than stacking up altcoins that are (or at least look ) promissing.
And that is for 2 main reasons:
1- price of purchase is lower when going from fiat to btc to altcoin
2- altcoin/btc pair price is generaly lower when bitcoin is falling

Where others see despair, others see a chance for bigger profits

[griffinriz]

Every alt is connected to BTC, so when BTC will be up everything will look good in crypto world.

[garmin]

Bitcoin will be up soon. Don't worry buddy!

I agree with this statement. It's just market manipulation. Don't you think so guys?

It's Just? Money was taken. It's now in someone else's fiat account. and they will buy back in at the bottom and do it again....
Big money players have entered the crypto markets and they are sucking all the money out just like they do on the NASDAQ, FOREX or even the precious metals. Manipulation is big money sweeping the pot off the poker table and placing an ante up on the next hand. You just lost the last hand!
New game each time!  Don't be fooled