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General Discussion / Re: Congratulations to BTS holders, back to the 7th place
« on: July 10, 2015, 10:55:57 am »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
to that entire post. I too have noticed that in this community, it's always been more about profit and comparing salaries to Google employees then freedom and building a fair financial system. Recently, I've been seriously questioning whether cryptocurrency will change anything when it's human nature that's fucked up. Even if we pay lip service to "liberty", our God is money.
