There is only one reason, the inflation rate of the coins are much bigger than the community can support. @FreeTrade has a good analysis how many btcs required to support a coin each day. Altcoin is a big family, money move in and out any minute, eventually they should be treated as one society. The inflation rate in this society is way too high.
so wannabe devs, please stop making new coins, you are not going to get your time of money back.if you need so many btc premine to support your expense, why don't you just buy off the entire stock of some current coins in teen satoshi level. it has pools, has exchanges, saving all your so called cost, and your time as well.
ppl, stop buying ipos, stop buying coins from those ipo investors, the ongoing demand cannot support newly issued coins, you are going to see your investment halved, and halved again and again.
+1
i myself holding lots of different coins and entered 5 more today alone ... some of them were 95% down so it was a bargain, but someone else lost 95% ... i still have megacoin and it hurts, now primecoin goes downhill ...
I will absolutely not buy into ipos anytime soon and also buy at this stage into new coins only after they are 95% down from what they traded at first.
i just recommend: let all new coins untouched and let them loose that 80-98% at first before you buy in while we as a community should focus again on bringing back the better of the older coins and give those some value first before we move on to new coins.
Let's make sure good coins don't fade away because of the flood of new ones.
Also: aurora made a splash, ok. But it didn't even play out yet and we didn't even see if it is scam or fail and there are already cloned projects for other countries that will fail for that matter for sure. Because they copy something that hasn't even played out. And in the end everything fails because nothing was finished - only 1000 things were begun and nothing finished.
also like only 50% maximum of wallets of new coins pass the malwaretest.
We should also absolutely not touch malware infested shit. It makes me sick to see malware infested shit being pumped while clean coins get dumped. This is not rational.
raise the bar for new coins! Let shit die without pumping it even once! Stop pumping and dumping coins that are not worthy to invest in! If you have to pump and dump,pump something decent at least!