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RE: Bitcoin Bounces Hard But Cryptocarnage Remains

in #bitcoin7 years ago

I just hope that this crash will kill the shitcoins .

We already saw bitconnect and davor coin get the hammer and allow the coins that actually have utility to grow like vechain , Icx , Eos , Steem , SBD. Because right now, there are tons of shitcoins around.One thing I noticed was that among the alts, the mined coins were holding their value better than the premined/nomine tokens. Imo crash will actually be healthier for crypto in the medium to longer term. The pumps and dumps are spoken of quite openly by people trading. Shit, I see where people are actually using P&D as their investment strategy.

I'm thinking BTC again sells off to $6k and LTC to $80 while futures expire mid February.