void said:I think an additional reason is, that they fucked up the crowdsale by allowing the pre-sale guys to pool ETH without a cap? and public crowdsale was only for like 2 million.$. I am to lazy to research the exact number. This enabled a small nuimber of people to control the supply of the coin on these small exchanges.
What I have learned from this: Get into pre-sale with discount and flip before it crashes. Huge discounts only shift the power to the whales/big investors.
To have a stable development of the coin the coin supply distribution has to be more equal.
I guess most noobs already pulled out by now and some big players are accumulating giant numbers of the coin now. The ownership structure is screwed for the short to midterm.
A) They didn't know what they were fucking up during the ICO pre-sale
B) They just wanted to sell as much as soon as possible. Enjoy your token being controlled by a small minority.
c) I have to start reading 4chan
Think reading 4chan only gives the benefit of seeing what their latest fud is, it's always done after a ATH to bring the price to lower so they can buy back in after selling the top. Everything down right now anyway so no point trying to call whats going to happen, its a rough month for alts, still likely that after or just before the fork BTC money will buy back into promising cheap alts. Link might be one of them, in which case you can profit from buying the discount now. Just a theory I actually have no idea how it will play out.