Pretty unlikely this is happening. People would notice it I think and be shouting it from the rooftops if those coins moved at all.

Total Market Cap: $ 4,639,741,579
Last updated: Oct 05, 2014 3:30 PM UTC

24h change -9.28 % for the top three, some doing as worse as -18.60 % (XMR). No hiding place anywhere, with the exception of "BitShares PTS" but that is a small one.

That is the mess, now where is the reason? Is it:

1) Satoshi got hacked, the email adress popped up recently, his Bitcoins get dumped. Since all Altcoins reference their trade value on that, going down in flames too. Should be visible inside Blockchain analysis.
2) Some other party sells on a grand scale. I remember there had been huge reserves inside Silkroad and MtGox. Traceable.
3) People distrust information technology now since the Snowden incident, so they sell (many small private holdings)
4) The other reason, it is not to many sells but lack of buying support. Should be visible in comparing the Orderbooks with history data (which I do lack)
5) Generall lack of interest since private people cannot mine Bitcoins anymore on their desktops. Duh, difficult one ... Difficulty is still high. But how to know where the Hashrate originates from?

edit:
6) self fullfilling prophecy taking place outside of the Altcoins. BTC gets sold because the price dips, with the intention of buying back in on a cheaper value. Hence the price dips further. This starteded 2~3 days ago

Please someone make available the general index of altcoins vs. BTC how it's been doing in the time of carnage. (over the course of a few weeks, and also since the dropping through the latest floor)

I would say 10-20 largest altcoins would be good for the index, but I also heard indices with established methodologies exist.

I mean a table where there's a certain startpoint (for example Sept 15, when the BTC latest fall started in earnest). Then it lists how the altcoins have done during the decline. There's some talk in XMR threads that it has performed poorly, but some also say that it is better than most. A factual comparison would be really good obviously!

1. FullMonty/+ - all altcoins with a calculable marketcap (very rough and ready, obv)

@rpietila what about for the new altcoin ARCHcoin ? Can you give to the community an opinion  .


Have a nice day .

Sometimes it's good to do primary research. The thing I took for granted - that altcoins are shattered when BTC sneezes - has proven to be a myth of highest order:


I selected Sept 15 to be the start of data due to that being the start of BTC fall (admittedly, it was selected to give a bad picture about BTC). My intention was to show that alts fall in sympathy, and generally leverage BTC's move down. This had been my experience with XMR.

Now, the data seems to give quite an opposing testimony. Over this period of time, only two alts (XMR and BTCD) exceeded BTC's decline. When BTC declined by 34% (seen above as "66% remaining"), the basket of alts (I used cubic-root weighting) declined by only 17%.

What do you think of this?  

Sometimes it's good to do primary research. The thing I took for granted - that altcoins are shattered when BTC sneezes - has proven to be a myth of highest order:


I selected Sept 15 to be the start of data due to that being the start of BTC fall (admittedly, it was selected to give a bad picture about BTC). My intention was to show that alts fall in sympathy, and generally leverage BTC's move down. This had been my experience with XMR.

Now, the data seems to give quite an opposing testimony. Over this period of time, only two alts (XMR and BTCD) exceeded BTC's decline. When BTC declined by 34% (seen above as "66% remaining"), the basket of alts (I used cubic-root weighting) declined by only 17%.

What do you think of this?