Auroracoin has increased from nothing to second spot in terms of mineable coin marketcap within 36 hours, overtaking litecoin in the process. People are dumping altcoins to get on board the auroracoin freight train.
+1
It is a real slaughter, almost all coins sinked very hard
I'm seriously disapointed by the PoW concept, people will just massively sell in a very short time and totally crash a coin just to get in the lastest bubble like AUR currently.
I'm beginning to think it is better to own a PoS coin where big holders won't dump their coins mindlessly like that bubble seeking crowd.
+1 All just becouse many of miners join only for makxymize $ income new script ASICs have to retun in short they are cashing out.
There are also mooltipools who use autosell they are killing most profitable coins and new ASIC farms those guys need fast return you see what is going on LTC price ?
Are you suprised ? Me not that was obvious that ASICs will rape LTC price.
There is more sence only in POS coins like NXT,BC,Cash,Mint...
And you are free from dumping miners and raping multipools.
hope is also with low inflation coins like DOGE in few months it will be only 5% per year...
while LTC and others will stay above 10%+ year for a while.
