The market is oversaturated. So many crapcoins sharing BTC between them that every coin suffers because of it. The real reason alts are going down isn't because Bitcoin is going down. Sure there's a correlation, but it's much worse than that. There are just way too many tradable altcoins, and there's only so much Bitcoin to spread between them.
If a coin has legitimately strong support, what does it have to worry about?
Yeah, we get it. 'Crap coins' are diluting the market for your favorite 'real coins.' Sounds like people are losing money and going to attack others who are doing the same thing as them.
Attacks like that will cause plenty of financial damages to innocent parties as well. Not everyone out there is well-versed on what drama has occurred for which coin.
That said, I'm not even arguing about the quality of launches. For the last 10 days there have been numerous cases of countdown clocks not working, no wallets at release, scam IPOs etc.
It seems to me that many people who have been getting their fingers burned have probably learned.
Yelling 'ShitCoin' in every thread just pushes the thread to the top and forces people to choose sides. No arguing means the thread (and the coin) floats to the bottom and down the hole.
Maybe it would be more constructive to create educational threads that teach people why it's bad to support certain coins and launches, how to long out for scams, etc etc.
Just my two cents
Not my favourite coins. All coins. This effects every single coin on the market. Not just the ones I hold. The ones you hold. The ones everyone holds. There is only so much BTC to spread between them.
Hell, I might even be holding a few crapcoins myself. But I'd rather see them dead and buried if it means the actually innovative coins, with real developers behind them, actually stand a chance of being successful.
It seems a bit hypocritical that so many people are happy with pump and dumps, yet you dare suggest taking a coin down, and somehow you're an enemy of the system. There needs to be some sense of balance, and right now the market is becoming increasingly diluted, and we're all losing out because of it.