Syscoin will recover fine, nothing has changed, and development continues.
Plus... IF no BTC are recovered... devs' interests will be aligned (even more so) with a future value increase of Syscoin since they will only be holding SYS!
Absolutely, they own probably most syscoin now, as it was returned from moolah/ryan gentle. Which was only thing returned so far. But I'm sure they bought into the IPO and probably buying also on dips. They believe in their own work.
I support syscoin cause the developers are most honest and transparent in cryptos to date. Their is rarely times when someone isn't in IRC to talk to. They take time out to answer questions, and update community, not to mention the tech is groundbreaking stuff.
People, this FUD will pass, BTC or not, this coin like others before it that did well, didn't need BTC IPO to make them do well. Look at DOGE, PND, Blackcoin, ect. These were coins without BTC IPO's. They did great. Plus these coins don't have the tech or second generation crypto 2.0 tech to them.
EXTRA Side story:
I want to share a story with community here about patience. If those that remember PND coin launching back last winter, it was little known coin when wolong was launching his scamcoin, to counter wolongs scam. PandacoinPND i mined from the very beginning launch. I also bought a lot cheaply. I don't know for sure, but I'd be safe to say I owned probably the most PND coin out there, 6 billion coins, out of 32 billion. It went through a pump and dump, and I lost patience and confindence in this coin, and cashed out.
It was in the latoshi market when i cashed out. Now look at this coin months later, it's around number 23 on coinmarket cap, and has attracted many community members and pushing forward.
To put things in perspective, on richlist the biggest wallet is 1 billion coins, I had 6 billion. If I i had just hung on to my coins, and just forgot about them I think i figured it was about 600 BTC worth that I mined and bought for pennies litterally. I was biggest wallet, not have nothing.
So looking at syscoin and the fact they are not going anywhere, and keep pushing forward they are kinda in same boat when confidence was lost, but those that know what's going on are buying it.
I fully expect syscoin in 6-12 months to do even better than PND coin did.
Patience, this is a long coin, and you'll be rewared handsomely most likely if you just stick with it and wait for the FUD to pass.