altocin bull wont last forever ICNX will be profitable in next 2-3 months max then it will come bear market here and then good luck at making any money with altcoins . Prices will be corected like SDC :
http://coinmarketcap.com/currencies/shadowcash/King of 5$ month ago now 0.39$... same fate will be with ICNX.
SDC took a hit because Poloniex are delisting it. It wouldn't have dropped otherwise.
SDC took a hit because everyone was expecting the project to go to next level while those scammers came with the brilliant idea to make anew ICO and have a new coin basically (with a lot of bull shit explanation to cover the shit into some smart thing). Of course people just dump the shit out of it. Poloniex is delisting it because is practically a scam, makes no sens to keep it on.
Just think if Iconomi team would come up with the idea to start a new ICO to build a new platform and issue for this a new token ... of course ICN would be dump like shit ... no one would really believe the team to give them more money.
Yeah, that too. But was it not the delisting news that caused the big dip? It seemed to be crawling slowly downwards beforehand.
I was imagining the fanboys still valued it for swapping to the new thing. Not kept up with it since that was announced.
Edit: Ah the swap happened already. I wasn't aware of that. In that case, you're right.
Still not a "correction" though, so a bad example to use for altcoin bubble bursting.