Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes
by
njs811
on 09/02/2015, 21:10:41 UTC
It doesn't seem like there's much positive talk going on. :/
Nope it sure doesn't and it sure looks like the price of SpreadCoin is crashing again Sad Just don't see why though but I guess lots of people have lost their faith in this coin because they keep dumping more and more day by day Sad

I believe it's a combination of greedy miners who only seek short term profit (dump as they mine) and/or miners with cheap to free electricity, constant FUDstorm mostly by ignorant people, lack of investors because there were and are so many scams that virtually everyone in crypto got burned at some point, we're oversaturated with practically hundreds of useless altcoins and then there's the fact that every altcoin is still bound to the price of bitcoin which is lower at the moment than most people would like it to be.

If we wanted to really break free of other altcoins and make our way into the world we need to get away from BTC.  We need to think outside of the box and come up with strategies that are different than all of the other coins.