The price is low I would imagine simply because Bitcoin is on a downtrend. When Bitcoin sneezes so does every other coin. We're going down, that's as clear as day, but we won't go up unless Bitcoin turns around properly and people then feel faith in crypto in general.
Agreed. The uncertainty around BTC is having a huge effect on alts as usual. Any trader worth his salt has had to consider divesting alts with such weakness around BTC.
Cash is the place to be right now for many of the traders I chat with.
Add to that the huge risks around working with exchanges, the (misplaced, IMO) hype around sidechains supplanting alts, and the not insignificant hurdles facing DRK development and adoption, and it's no wonder we're going down.
All of that said, there's huge opportunity for those with patience and resolve in markets like these. DRK has a lot going for it, and I'm betting on significant appreciation when if the BTC market finds its footing and rallies. Don't bet the farm, because that's exactly what this is... a (minimally informed) bet.
I agree about being in cash. I'm sure glad I cashed out as much as I did a few months back. If I hadn't I would probably be screaming bloody murder like some of the other posters. But they have nobody to blame but themselves. While everyone was saying "buy buy buy" I was selling. I liquidated most of my altcoin holdings and cashed out a nice chunk of bitcoin. Now I have a pile of cash.
Regardless of the tech, the hype, the fancy graphics, slogans, meme's, etc... Cash is still king and will remain so for some time to come. Those that pushed the concept that cryptocurrency was going to challenge fiat anytime soon are people that you don't want to listen to for advice. There was also coordinated effort to hype DRK and pump it up. Those people sold when it was much higher even though they were telling others to hold. Now that they have secured their profits expect them to repeat the process.
