As the scamcoin devs slowed down their crap from feb-may, now whales/manipulators are going back to "older" coins for summertime (after they accumulated some with their spare btc). thus, now they can easily pump though and put higher sells so all us "regular" ppl will buy at inflated prices. if you have some low or get in before the dump, good for you - otherwise be carefulllll. i'm sure we'll see a bunch of ninja scam coin releases when sept-early dec rolls around. you will see.
This is very true. Also people have lost interest in buying new
scamcoins. Since the whales and developers cannot generate enough interest in the scam coin of the day, they moved to old coins which they were able to pick up at bargain basement prices over the last year or so.
I think we are seeing the decline of altcoins. I'm getting more notices from exchanges about delisted coins and some are the older coins.
Let's face it, altcoins are not moving towards real world usage. In fact, we hear very little about it from coin communities and developers. Even btc is struggling.
I'm sure there will be a some winners in the future but which will survive to become viable currencies is the million dollar question. Right now its looking grim.
Trading has become a joke and a good way to lose money for the less informed.
