Today's light may be dim, but tomorrow's light, no matter how dim it may seem, always has a shine to it. That shine is hope, hope you ranters clearly don't have. You come here and rant about Earthcoins, yet... if you look closely, you'll see that all cryptocoins are currently in their own little recession. A recession I believe will fade, mostly because of the ever spreading adoption of them. LONG LIVE THE EARTHCOIN! LONG LIVE CRYPTO!
Agreed. Most of what is going on right now in crypto-world is a panic selloff from the MTGOX debacle as well as the claims that Bitcoin has some kind of protocol flaw. MtGox screwed up, they are insolvent, and now their investors don't get their bitcoins back. Truly unfortunate, but for no logical reason does it spell the end of this movement. Also from what I can gather the protocol argument by MTGOX is BS, and that other sites already have permanent fixes that addresses what MTGOX is claiming. So MTGOX messed up, turned into a ponzi scheme or let some hacker steal bitcoins, and some investors are left holding the bag. The 'hot' money hits the exits from all crypto and is going to 'wait' until things calm down to buy again, resulting in the slaughter of the whole 'crypto-market'. A low tide brings down all ships.
I see this as a temporary panic in the long-term success that will be crypto-currency. Time to buy, blood in the streets, no one is bullish, the 'woe is me' posters start appearing out of the woodwork.
Contrarians make money. Do you want to buy low or not?
The average lemmings do the opposite and buy when everything is good and happy and no fear or worries and the price reflects that. It is harder to buy when it looks scary as hell and nothing good is in the news or message boards, and the price is languishing going down day after day like a slow death march.
Earthcoin is a glaringly obvious buy for me at 60 satoshi, I mean when it goes back up to 100 (inevitable) you make a 66% return on your investment. And that can happen tonight while I am asleep. *MONEY NEVER SLEEPS*
Oh and if anyone wants to trade earthcoin for physical silver I will sell 1 oz .999 Fine silver rounds, Morgan, and Peace Silver Dollars for 40,000 Earthcoin. Still have some silver bullet silver shield coins that are very collectible.