It is a blood bath out there. If you were awake at 5 a.m. GMT you would have seen a sea of reds on the BTC exchange tab. BTC rose by a whopping 8 percent, crossing the psychological mark of 2500 USD, but most altcoins had dipped by an average of 20%. Ethereum and Ethereum classic were the only coins which rode along with BTC.
The BTC dominance is almost 50%, ETC, ETH and SYS are the only cryptocurrencies in the green and impressive too. The rumble is on now, BTC wanting to touch 3000 $ and altcoin enthusiast trying to run their own show!
I help a friend invest in cryptocurrency. Craftily after the news about Segwit activation and 2 MB hard fork, we sold 75% of the altcoins for Bitcoins. The only mistake I made was keeping another 25% in Monero judging the state of events.
What happened with #Monero last night, why is everyone so angry?
The developers at Monero had hyped an announcement they were about to make on 24th May 2017 at the #Consensus2017. This happened at the conference, watch the video till the end. https://mea.business/
The twitter handle of @fluffyponyza belongs to Riccardo Spagni, who was basically shamming pump and dumps. He was also against ICO's and believe that altcoins because of it's classification under currency needs to be stable. We get that Riccardo, it was not something new that you taught us, no doubt it's price went down. However, some realist and border line pessimist people were impressed by the fake announcement drama and appreciated XMR even more. Of course, they got it at cheaper rates. It is still up for grabs. Lol.
