Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XST] Stealth-Coin.com | Tor | StealthText, World's first anonymous SMS Tx!
by
uaivj
on 15/09/2014, 06:43:56 UTC
To all the FUDsters calling scam...

Alt coins are illiquid markets.  There is going to volatility anytime someone with large holdings exits, whether its some "master pumper" or just some random person who saw their 7 BTC worth of XST go to 70 BTC and needed to sell to raise cash money to cover a bad week of football bets without their wife finding out.  

To say every coin that retraces 50% of its value from its high price is a scam is fucking stupid and you don't understand the nature of markets.  BTC had had many 50%+ pullbacks as it was building its market cap.  Is BTC a scam?  Many in the mainstream media called it bullshit as it continued its rise, now it is a hot bed for VC capital.  I'm not saying XST is the next BTC what I am saying is that all the small time players bitching about this coin being a scam are bunch of fucking retards.  Nothing that gains 1000%+  in a few weeks continues to go straight up.  

Here's a quick lesson for the dumb shits that immediately start calling scam when their bets go under water.  The amount of volatility an asset has will rise as the rate of return on that asset accelerates.  

Seriously people, this coin rose over 1000% in few weeks.  You didn't see a flush out in the cards?