Looks like we might be in need of some good news to pump us back up! Hows OneMarket coming along? any more screens that we can have a drool over?
Mostly I think we are just buying and selling to each other depending on our joint mood is. Some are longer term, some are taking some profits. I do still fear a big zero sum game building here. There are 600 something wallets with over 100 cloak, 340 or so with over 1000. I know there are wallets on exchanges, but this gives a good idea.
I really wish we had wider distribution. You would think that just by being near the top in volume on the big exchanges word would get out. Or is altcoin market in general this small? Is DRK distribution also concentrated?
I think what we have seen is the Altcoin market in general is shrinking. The money is leaving and there will probably only be a few coins left by the end of the year. However, Cloak is the best coin out there and deserves to sit beside Bitcoin. I have fulll confidence in Cloak - but my confidence for the other coins is getting worse and worse each week. The days of 8000 BTC volume on Mintpal like with the Blackcoin pump are probably gone for good - unless the big boys decide to make Cloak their weapon of choice.
Thats really a good piece of writing. With all the shitcoins created day by day and all only based on promises without a technical background we are only playing around with our coins and no fresh money comes to the market. So the money is left into the market goes to the best organized P&D team and the rest has to pay for these bullshit scams.
Only coin left over is BTC. All others seems only to be here to get converted from P&D teams to BTC.
With such kind of crypto community behaviour there is no future for any altcoin, maybe no future for cryptocurrency at all. Crypto community is the ugliest community i´ve ever joined.
As i am no member of any insider team you guys will never ever see one more cent from my side. Good luck with defeating yourself !
You sound like someone who thought that the altcoin markets are a get-rich-quick machine, in which you insert money in one side and receive 10x money from the other. You see a coin like Auroracoin doubling everyday for 2 weeks straight but you missed the boat so you jump into the next coin that doubles overnight and assume your money will grow exponentially for the next week at least. Then you wake up the next day and half your money is gone, because the pumpers are not stupid and realise that they have to be unpredictable for their pumps to keep working.
I’ve been there and I lost half my money when I started. Untill I realised that money doesn’t come for free and that it requires hard work and experience to make money in these markets. Now I am at 5x my initial investment. You have to be able to seperate the pump and dumps from the legitimate rises. Darkcoin was legitimate, since it brought innovation and proved capable of technically executing those ideas. Innovation goes fast in cryptocurrency though and DRK has been surpassed by multiple coins, hence the continuous downtrend it’s been in for the last months.
So what do you do if you missed the DRK train and are sick of getting screwed by pump and dump schemes in coins with names like flappy- and coinye west? You are patient and you wait for the next coin that promises and executes actual innovation. And right when you have found it, you post in that coin’s thread that you are out of crypto? Are you sure about that?
If you missed the real anon train you wait which on the next that makes promises and wait until there are signs of pump.
Then jump on the train and hope you get out before the real dump takes place.
If you got out before you are happy and made a btc profit. Thats all, and thats why you are here on this train.
You missed a train, got the next one and only want to find the best point of time to leave.
I have learned that crypto community behaves like that and that´s why i call crypto community is misbehaving because it´s a dead circle
with no fresh money input. Hope you will find the right time to jump out of the wrong train :-)
And no, i never want to make a quick profit, i always was long term in crypto, but it makes no sense. So no fresh money from my side.
As you can see on the declining market it´s not only me making scam teams no longer more rich.
