I'm wondering if paycoin is having any influence on this recent sell off of BTC.
Sure it might just be testing of the BTC low in order to spark a climb, but the timing of the dump of paycoin preceding the decline in BTC is interesting.
The volume in trading has been exceptionally high for PayCoin.  How much of the BTC being traded into this paycoin ecosystem is then being dumped to Fiat?
Where most coins start out with low value this one with 12million premine and an astronomical amount of coins being minted per day, this coin hits the market at $20 USD - and sustained a value of $10-$15 for the first few days with excess of millions of dollars worth of BTC tradining per day.  I'm afraid this coin is leaching value out of the cryptocurrency market at a massive volume and should be driven down much lower, much faster in order to stop the BTC bleed that is occurring.  I'm afraid I see now how many if not all of these other alt-coins are hurting the overall value of BTC.

And just as I post BTC falls to $260 from $280, which just fell from $300's..