price keep plummeting, what's going on?
You think its so easy to dump 2 million instamined coins? It was never intended to be anything other than a pump and dump because it is a totally flawed economic business model. You can not spend and lock-up the coins at the same time. No real world usage and only brought to add another mastenode reducing the available coins and then new exchanges adding it taking away even more coins. Imagine someone actually start using it there would like only a handfull of coins left on the exchanges, near zero liquidity. Buying a pack of chewing gum would move the market-price. lol People buy cars which cost more than total daily trading volume.
But he, speaking the truth around here is just trolling.
Luckily i got out of this dead spiral over a month ago as soon as i realized whats going on.
Yes Namecoin and Counterparty have a future thats why they move up. How much longer in top 10?
Not without tanking the price. That's why they dump in waves. Let the price go back up and dump again. Rinse and repeat. That's exactly what's been going on for the last few months once the realized that they would not be able to maintain their premier status as the number 1 anonymous coin now that there are better alternatives available.