Rough Day For Alt Coins 5/24/2017 Bitcoin Keeps On Going

It was a brutal day for alt coins today as Bitcoin skyrocketed again, passing the $2500 mark and almost reaching $2600 at the time of writing this according to Coinbase. Poloniex has it lower at $2322 and dropping. Almost all coins were down 10% or more vs. BTC on Poloniex.

To add insult to a rough day Ricardo Spagni thought it would be funny to troll investors. He hyped up an XMR release only to have it be a trolling of investors immediately sending XMR into the red about 20%. Not only did this stunt cause havoc with people who liked and traded XRM it also instilled fear and doubt into the crypto community, kinda like Poloniex did with their server crashes. Who wants to invest into a project when you have a loose canon involved? I've struck Monero off my list of coins for good. I don't want anything to do with an immature team that can screw you and the community over at any second.

Having said that, let hope we'll wake up tomorrow and everything will be back in the green and back to the moon!