[quote=“LeChatNoir, post:238, topic:106”]In the last 2 years BTCe has lost market shares and today it counts for nothing, this is i think the main reason for the prolonged and exhausting bear market we have seen in PPC and NMC which both lost the status of privileged access altcoins and now are just normal altcoins.
The good news is i think we are now very very close to the end of the bear market, BTCe can’t really become any less relevant then it is, investors sentiment is at rock bottom, many good projects are being developed for peercoin.[/quote]
These are interesting thoughts about BTCe. I also think that we are close to the bottom. We are going down on high volume, Coinmarketcap shows $300.000 for the last 24 hours. Going down on high volume should mark the bottom according to common technical analysis.
By the way, the even higher volume in August does not count, because from 7th to 31st August there was no trading fee on BTC-E. They had their 5 year anniversary.
I bought at 0.00057 yesterday. I trust in our tech and in our community. That’s why I keep buying Peercoin.
The recent success of Monero is also interesting. Monero “only” offers pricacy. Other than that, it is like Bitcoin. No Smart contracts, no hyped features. No premined coins to pay for development, no company behind it as far as I know.
This could mark the beginning of the market turning away from company-driven coins back to coins with strong communities.