Why the price is crashing atm?
buyer drying up. Nobody wants to buy this coin anymore. Wait for the big dump, and than panic sell and never look back.
Shame, there really isn't anything great to buy right now, BC going well but you won't get a 5x out of it at these prices, and whitecoin is a disaster. FLT would be a good bet for a coin that is actually worth something ...
Personally I liked fluttercoin very much, I liked the new proof of transaction concept, but there is 170 Millino fulltercoin, and if you see the richlist you can see many stakeholders with millions of fluttercoins. I don't think the price can go up more, because there is a lot of coins out there, and the inflation is too high for this one.
I just made some nice profit with Blackcoin, now searching other altcoins to invest in. Found the Whitecoin but didn't like much.
Then found Cinni.
https://bitcointalk.org/index.php?topic=573232.0Only 15 Million at the PoW stage will be mined, and the PoS inflation rate is acceptable, so there won't be much supply like with Fluttercoin, but we can't buy much now because at the exchanges there are almost no sell orders.
And if you anything, you'd know that the richlist didn't look that way 2 weeks ago. A lot of BTC is invested in this coin. Thanks for posting your copy/paste coin though.