The price drop has been caused by some members of these community which are moving their cryptosaving mainly to btc, hoping in a imminent boom.
Maybe they are right. Diversify can help you to sleep sweet dreams.
The price dropping to 0,0000011 on Cex.io was an evident manipulation: from 3 cent to 0,2 cent in one day and back again to 2,5-2,6 cent....
For sure iXcoin is a very risky investment, cheap at the same time.
Probably many had the same thought about Bitcoin years ago.
It's nice to see many volunteering in helping us out to get out from IXC asap.
Maybe they are right, or maybe they hope to be right. In order to convince themselves, people tend to repeat the same thing over and over to any person they meet, even when nobody asked about it. They even study the "enemy" so well to know it better of anyone else.
What is sad, cryptos need to support each other, not to fight each other. I like for example the idea of the coming merging of Doge with Ltc. I think they will both benefit from this "cooperation".
With Bitcoin is different: it wanna run alone, ignoring expecially merge mined coins. Why? They fear to lose power. Fear is the greater enemy, not iXcoin.
When I saw the empy seats in Austria and London, well, that makes people fear about their future, not iXcoin. Instead of working unitedly against a rooted system, we spend most of our energies in a useless fight.
If all these coins will ever be banned, included Bitcoin, remember: all because Bitcoin community has ignored the potential support of all the other communities.
Some insight that I agree with.
You definitely need to be selective, diversify and pick potential winners.
Before last November, I was in BTC, LTC, NMC.
I've sold off all my LTC and NMC and am now mostly just BTC and a fraction of Maidsafe.
The market seems to have transitioned from just rudimentary clones (i.e. LTC) to more sophisticated alternatives like Ripple, Stellar, BitsharesX, Ethereum and Maidsafe. The only Proof of works coins that will survive long term are those in the Bitcoin ecosystem, NMC, IXC and DVC. LTC in my opinion is pretty much dead. The entire reason for LTC was a decentralized mining environment where anybody could acquire standard hardware and participate. Now with scrypt ASIC, that reason is all but gone.