Why the price is only down ?
http://whitecoinchain.info/address/WPt1hTfCYRNzDXjaAGoGcr5EwqpG81MWzs0.7% Premine was dumped 8 days ago and now people just remembered.
Dev only needs to make this last another couple
days till mining is done. Easy money for him and his massive mining team and people keep buying it.
What's crazy is he didn't even have to wait till mining was done to dump premine. He was able to dump it
on the 13th and still people keep buying it.
When it hits 100 satoshi then it will sink in?
What a horror show.
Posted April 21rst on top of my original post when the coin came out warning about the pre-mine
and that the pre-mine makes it likely the Dev will abandon.
Well I tried to warn you
Don't ever "invest" in pre-mined coins. It just encourages the dev to make more of them.
Nothing wrong with making a buck for traders and miners but to make a pre-mined coin this big a deal
ensures he will do it again under a new name.
Pre-mine = Usually Dev will run.
Just know that every time when you take the chance.
Sometimes there are exceptions but know the risk.
look at the charts stable level without FUD was 1300
no reward without risk as they say 
