Quote from: btc_angela on July 08, 2017, 10:58:40 PM

Quote from: n691309 on July 08, 2017, 05:26:35 PM

Quote from: leyton11 on July 08, 2017, 05:14:37 PM

Quote from: n691309 on July 08, 2017, 12:29:52 PM

Things are going very bad, bought at @750 now the price is at @300s, what's happening guys, why the price is so low and I can say that this is the highest crash that happened to SIA, isn't it? The price is 50% lower than it was before, are really these ASICS mining and selling their coins so they are dumping?

Not, I know ASIC mining SC can't buy at now, you just can order and waiting 2018 to receive ASIC. Maybe, the whale know this news can create panic seller because all people are know Asic + GPU = death price altcoin Grin

I'm not sure what is happening in the backstage but the situation of altcoins is very bad right now, all coins are dumped very much and the volume of 24h trading is very low, not sure if the traders are on holidays since it is the first week of July!

We can only speculate whats going on with alt-coin market right now. It been like this last 3 days or so. Bitcoin already experienced a few dips but already recovered now. Although I see LTC jumping, maybe they are dumping and pumping LTC now. Or maybe investors are cashing it out and enjoying the vacation. Alt-coins should not be affected by the Segwit2x activation on bitcoin so I can't really follow what's the cause of all of this dip.

Litecoin is getting a higher support from the community and from the miners. Litecoins was forgotten by the people but recently they woke up and start investing and mining in Litecoin which I think that it was needed to see Litecoin succeed. But these Asics are making a panic to people because 1 year is a lot and I'm afraid they are currently mining without giving any info to the public.