All the old altcoins that dont do anything are being pumped.
Anything with actual potential and features is down or only up slightly.
So dumb.
Currencies up, companies down in a crisis as expected.
Btce is also getting a lot of the deposit inflows, so their currencies are up the most.
Control of STR, BTS & XRP is far too centralised too be of much value in a crisis too. (How much would BTS be worth if the CNX offices were raided tomorrow? - Ergo no value in this situation.)
What are you talking about? This is a bogus statement... so then we should see NXT go up as well according to this logic.
Yes NXT is not getting much love and you're right to point it out. It's actually up 16% for the last week, while XRP, BitShares and Stellar are all down. However that was because of one NXT news pump & it has been decreasing since, similarly Dogecoin was pumped slightly pre-crisis but has failed to gain traction since.
I believe it's the prospect of Greek capital controls, we witnessed a similar situation after Cryprus, crypto-currencies really took off.
In terms of percentage gains LTC & DGC could be the big winners, followed by NXT & possibly PPC etc, then Bitcoin itself.
The one's that will increase but benefit the least from the Greece effect would be Ripple, BitShares, Stellar, MaidSafe and Ethereum if it's trading.
However my crisis currency bucket is up an average of more than 50% with all showing gains (Much more for me being heavily weighted to LTC and then also PPC once I understood the btce influence thanks to CLout) While STR and BTS are down 15% in that time and XRP has been flat.
This is even more surprising given the great news XRP had with RBS and the great work that is going into BTS 2.0 on the BitShares side.
MAID is up over the period but I believe that is actually news related in that they are very close to releasing something, I think I read in another thread but I'm not sure.
Edit - Why I was much more heavily weighted to LTC...
Litecoin is still considered the next crypto-currency should Bitcoin run into problems and is also coming up to a block reward halving which could significantly reduce selling pressure. Combined I wouldn't be surprised to see the LiteCoin rally continue strongly.
Capital controls this weekend possibly for Greece could be good for all crypto too if it actually happens this time.
There you go empirical. It was all false. No real rationale except lit coin was a pump n dump
I stated just yesterday that Litecoin was obviously in bubble territory and that I would be happy selling 30% off the highs. And here we are today...
... a perfect storm which is now feeding itself and sucking up BTC and Alt-coin speculators. It's obviously in very bubbly territory now.
Just like the last LTC rise, which was also logical at the time. I got in early so I don't mind where the top is, even if I end up selling 30% off the highs, I'll still be a very,very happy man
That doesn't disprove my approach and my basket in question is still vastly out performing XRP, BTS & STR by 20-1.
However I would say Clout has been closer to the truth
Bitcoin and litecoin are going to rise because there will be a great deal of demand from Europe particularly on the BTC-e exchange which is based out of Bulgaria, the northern neighbor to Greece. All currencies on BTC-e will probably rise dramatically and any currencies where the exchange is predominantly denominated in BTC will also rise. The problem is that the primary market for bitshares is denominated in CNY and as result BTS won't get a boost from BTC price increase. More problematic is that seeing this rise in LTC and BTC Chinese traders will dump currencies they primarily trade (i.e Ripple, Doge and BTS) in order to ride the BTC and LTC waves. If you already sold BTS or Ripple good for you. If you're looking for a buying opportunity here's your change. If you're HODL keep on keeping on.
He accurately sidelines DGC from the recent moves and though he doesn't mention it, NXT is predominantly CNY based which is perhaps why it has not got much love either.
I should note that the key factor which fed the initial rally via btce - the problems in Greece - is still in place, so I wouldn't be surprised to see the uptrend for btce based currencies resume after the pullback.