Post
Topic
Board Altcoin Discussion
Re: Help us choose the 6th cryptocoin securities market for CIPHERTRADE
by
iCEBREAKER
on 01/12/2013, 02:01:12 UTC
Megacoin is one I'd like to understand more. It has outperformed all other coins in terms of value this week (a 200x increase). But why? What is special about it?
Nothing. The recent price rise is caused by uniformed Chinese investors who are throwing money at things without doing their proper research. The fundamentals of megacoin are horrible.

http://cryptolife.net/in-depth-altcoin-analysis-megacoin

The Kim Dotcom style branding and resulting hype make it special.  Strong Chinese language support, slick graphics, and a pretty GUI don't hurt either.

Regardless, Ciphertrade should be in the business of providing a level playing field for coins to compete on, not participate interfere in the game by declaring winners and losers.

On that note, I'd like to thank all the investors (Chinese or not) who gave me the chance to finally sell my Terracoins, Ixcoins, and Freicoins at nice profit margins.   Cool