During the last month, most well know crypto-currencies are down. Reddcoin is only following the market.
You are being lie to in order to sell your coin cheap. Remember, the goal is to buy cheap and sell high. When you sell today, you are giving your money to FUDers.
FUD according to Wikipedia: http://en.wikipedia.org/wiki/Fear,_uncertainty_and_doubt
Fear, uncertainty and doubt (FUD) is a tactic used in sales, marketing, public relations, politics and propaganda.
FUD is generally a strategic attempt to influence perception by disseminating negative and dubious or false information. An individual firm, for example, might use FUD to invite unfavorable opinions and speculation about a competitor’s product; to increase the general estimation of switching costs among current customers; or to maintain leverage over a current business partner who could potentially become a rival.
The term originated to describe disinformation tactics in the computer hardware industry[dubious – discuss] but has since been used more broadly. FUD is a manifestation of the appeal to fear.
Dogecoin - From 65 to 50 sats, down 23%.
Litecoin - From 810000 to 690000 sats, down 15%.
Peercoin - From 190000 to 140000 sats, down 26%.
Namecoin - From 220000 to 180000 sats, down 18%.
Blackcoin - From 8600 to 6000 sats, down 28%.
Digibytes - From 100 to 50 sats, down 50%.
Vertcoin - From 8200 to 4600 sats, down 44%.
And finally Reddcoin - From 10 to 7 sats, down 30%
I believe in Reddcoin devs team and i’m currently buying more… Good luck to everyone.