The reason is that we're getting a flood of shtcoins ruining the show. First example is Feathercoin, it brings nothing new to the table but it had a huge and very smart marketing campaign along with alliances like BTC-e to get a lot of profit in a short time, now I can see the same being done with CHN (CNC) and I guess this is going to be an ongoing trend.
The problem with this "alt coins" is that they are derailing the original purpose of BTC and now it's just a speculation game with tulips. In a few years we will have a flood of cryptos with a lot of volume, more and more altcoins with good planning and marketing (Shills on this forum) which will eventually end in serious coins like BTC and LTC on the same level as these jokecoins.
Anyway right now I'm mining FTC, will flip them for profit then ride the next train until all this fad dies off.
Thank you for ruining the game phaggots.
Umm, the one thing you forgot was that LTC was the original jokecoin. You are part of the problem you're complaining about. Enjoy the shitstorm you helped create. You have zero sympathy from me.
LTC was never pumped and had no marketing with shills on forums and also no alliances with exchance sites like BTC-e... and I'm not looking for sympaty, the truth is that crypto world is going to crash it's just a matter of time.
As I said, I'll join any train that comes up for profit and that's it.