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Topic: Why are all the crypto coins crashing? (Read 2088 times)

hero member
Activity: 826
Merit: 501
in defi we trust
December 02, 2013, 02:56:20 AM
#14
Most of the alts can't be traded directly to usd. If the price of bitcoins dives in even a little , alt coins go bananas.
sr. member
Activity: 434
Merit: 250
December 02, 2013, 12:06:17 AM
#13
i was more certain that the altcoins would crash before bitcoins.. they are by far more speculated. some of them still might still be a good investment though.
hero member
Activity: 924
Merit: 1001
December 02, 2013, 12:04:12 AM
#12
Man the scam coins being pumped are truly annoying. Why would someone think we need 10 versions of bitcoin?
I used to think like you.

Then i realized I could buy 10 million Devcoins at $0.0000001 USD and make $3,000 when it goes to $0.0000003

The crypto market is now the biggest racket going.  Tons of money being made by everyone who gets in on new coins early.

They don't have to have any utility or purpose for people to be repeatedly getting rich when they go from $0.20 to $1.50
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
December 01, 2013, 11:18:34 PM
#11
Man the scam coins being pumped are truly annoying. Why would someone think we need 10 versions of bitcoin?

Well if these crypto coins take off, there is going to be need of more than one currency out there.   Once Bitcoin becomes popular and overpriced, a new currency will emerge to compete. 

Yes, this is the fallacy I was refering to.
legendary
Activity: 1806
Merit: 1521
December 01, 2013, 11:15:38 PM
#10
Man the scam coins being pumped are truly annoying. Why would someone think we need 10 versions of bitcoin?

Well if these crypto coins take off, there is going to be need of more than one currency out there.   Once Bitcoin becomes popular and overpriced, a new currency will emerge to compete. 
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
December 01, 2013, 11:02:26 PM
#9
Man the scam coins being pumped are truly annoying. Why would someone think we need 10 versions of bitcoin?
legendary
Activity: 1064
Merit: 1001
December 01, 2013, 10:55:36 PM
#8
Massive energy has been released. The market is relieved, I can feel it. More ATH very probable.
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
December 01, 2013, 03:22:35 PM
#7
and it's not the first time that btc and bitcointalk crash right at the same time. hmm
but it's probably just the usual weekend crash with the juice of the expected correction added on top.
sr. member
Activity: 388
Merit: 250
December 01, 2013, 03:16:08 PM
#6
Hoping for a mild fall with Peercoins.
member
Activity: 70
Merit: 10
umad?
December 01, 2013, 03:06:03 PM
#5
zeta and feather doing good. world coin got pumped very hard. Lost 40m total market cap in 1 day I lolled.
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
December 01, 2013, 02:56:08 PM
#4
Litecoin seems to be weathering the storm quite well at the moment.

http://bitcoinwisdom.com/markets/btce/ltcbtc
legendary
Activity: 3472
Merit: 1721
December 01, 2013, 02:19:09 PM
#3
They were over-pumped and people are now panicking during a small BTC price correction.
legendary
Activity: 2212
Merit: 1008
December 01, 2013, 02:17:11 PM
#2
when btc crash the others usually follow.  probably a sheep dump happening right now.
member
Activity: 70
Merit: 10
umad?
December 01, 2013, 02:14:46 PM
#1
Is it just me or do I see allot of crash.jpg ?
http://coinmarketcap.com
there goes my Maserati
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