Webpage - not working, block explorer - not working, many transactions - void or invalid, so why the hell they opened with 400.000 USD market cap??? This belongs to coins which already deserved it. The price 0.05 BTC for 1 million as someone described, would be absolutelly OK. I bet it would not stay at 800 sat if mintpal set opening price to 1 satoshi.
Some corrections:
1. Website IS indeed working with up-to-date news, specification, comprehensive FAQ and download links for wallets.
2. Block explorer, we have paid a respectable and trustworthy developer of block explorers here to create a block explorer for us. We have the beta functionality up and running (we shared it with all services, exchanges, etc that asked), but it's not fully ready for a public release. Many altcoins right now do not have a working block explorer, at least we are transparent about it and have explained that we paid a professional to do one for us.
3. There are no invalid transactions and since when too many valid transactions are a bad sign?
4. Exchanges don't set the price, people do.
Your first line says it all: It's too expensive to make a good profit which indeed confirms you're trying to buy low and sell later at a high price. I have nothing to add. If you truly believed that the real value of AsiaCoin is 0.05 BTC for 1m, you wouldn't have said that or considered buying now to make a profit out of it
I leave it to the readers and community to see through it.