So , can you please enlighten me why are you saying this? Killed? Dead?
I think I just did.
I was hoping that the potential network effect of the "Spain" connection would propel it to success.
But that kind of crash in an alt is unrecoverable usually.The reason is - as I said - that most people don't see alts as long term investments anymore. They did when there were about 3 of them, because an alternative to Bitcoin was still on the cards.
But of the hundreds of alts that have now been launched, not one single one has got anywhere near Bitcoin in terms of value - and that's despite all the nightmares BTC has had the last few months, both political and technical (with malleability etc).
So nobody's bothered about "network effect" anymore, They're just sharks looking for the next 'pump'. Aurora was the first "National" coin pump. Maza had a bit of a lifetime and then died and now Spaincoin has had it's moment.
This is a watershed moment for all alts. Expect them all to consolidate into BTC from now on. (And NXT + similar).
Btc crashed harder that this two years ago. It had no back-up , small community , nobody even dreamed (for real , not joking) of becoming a real currency.
Lots of people fled like rats.
Of course Spacoin isn't bitcoin , but calling it dead , because of a declining price is too early.
Don't underestimate social networks effects. If the hype starts again powered by some news , the coin might turn into phoenixcoin.
Of course , i know it's unlikely , but until capitulation the coin isn't dead.
))) 
