Looks like we might be in need of some good news to pump us back up! Hows OneMarket coming along? any more screens that we can have a drool over?
Mostly I think we are just buying and selling to each other depending on our joint mood is. Some are longer term, some are taking some profits. I do still fear a big zero sum game building here. There are 600 something wallets with over 100 cloak, 340 or so with over 1000. I know there are wallets on exchanges, but this gives a good idea.
I really wish we had wider distribution. You would think that just by being near the top in volume on the big exchanges word would get out. Or is altcoin market in general this small? Is DRK distribution also concentrated?
I think what we have seen is the Altcoin market in general is shrinking. The money is leaving and there will probably only be a few coins left by the end of the year. However, Cloak is the best coin out there and deserves to sit beside Bitcoin. I have fulll confidence in Cloak - but my confidence for the other coins is getting worse and worse each week. The days of 8000 BTC volume on Mintpal like with the Blackcoin pump are probably gone for good - unless the big boys decide to make Cloak their weapon of choice.
Thats really a good piece of writing. With all the shitcoins created day by day and all only based on promises without a technical background we are only playing around with our coins and no fresh money comes to the market. So the money is left into the market goes to the best organized P&D team and the rest has to pay for these bullshit scams.
Only coin left over is BTC. All others seems only to be here to get converted from P&D teams to BTC.
With such kind of crypto community behaviour there is no future for any altcoin, maybe no future for cryptocurrency at all. Crypto community is the ugliest community i´ve ever joined.
As i am no member of any insider team you guys will never ever see one more cent from my side. Good luck with defeating yourself !