Quote from: grendel25 on March 06, 2014, 03:09:54 AM

Quote from: fcmatt on March 06, 2014, 02:08:26 AM

Quote from: oktay50000 on March 06, 2014, 01:04:29 AM

wtf is happening in crypto market???
profit rate falling to ltc maybe below
Huh

any ideas?

People are starting to realize a crap clone coin made by a kid in his mom's basement might not have any long term value or following... That is the problem in a nutshell. Too many coins and bids are spread too thin combined with a lot of selling. Constant selling.

I will not be surprised if the time of multipools has passed and end up just mining 2-3 coins max. At that point i will just pick the coin i want to mine myself...

LTC, DOGE and some others aren't going anywhere. Most people know there are crap coins but they also know there are really good coins that are built responsibly and stand to serve a meaningful interest as viable currency.

The market of constant buying and selling affected by various external influences is what will eventually sink or boost any of the coins. No sudden epiphany of a few hipsters will ever end crypto currency. The only thing to fear is action and inaction of the fearful. Or, more specifically, the massively hysterical.

Exactly, the market isn't stable because of the floods of copy/paste/sed coins artificially inflating the market value. So when the price "goes down" people panic.