Quote from: Benjig on August 12, 2014, 04:23:45 AM

Quote from: Hfleer on August 12, 2014, 04:07:56 AM

Quote from: vuduchyld on August 12, 2014, 04:01:26 AM

Quote from: jjc326 on August 12, 2014, 03:55:06 AM

Well it does seem like there's finally some action. Unfortunately the price is going the wrong way and I don't see any news about why. Alt coin holders are saying their coins are dropping more though.

Alts are flat out getting pummeled. Of course, there isn't any kind of agreed-upon index, but based on some concepts I've been messing around with, if you subtract out BTC and LTC, the rest of the alt market is down 20-30% over the last week.

Right now, TOTAL crypto market cap is 7.905 billion. BTC and LTC make up more than $7.6 billion. EVERYTHING else combined...hundreds of alts, don't combine to make $300mm in cap.

That is partly due to 3 big IPOs running atm. Ethereum, StorJ and Syscoin.

I think ethereum coins are getting sold in the market, this is what people should think before buying into greedy ipos, they should think that they will crash their own coins because those owners will sell their coins asap.

Maybe, but people apparently rather buy now and have their coins locked for months.