I thought .004 would be bottom, one week later holy shit we're at .0027!
I twill go even lower , most of the coins are outside iceland and there is no actual buying/selling happening there with aur.
So , as a national coin it has failed. it will end just like the others , trading only
considering that only 9.5 percent of the airdrop is complete its hardly surprising that most of them are with outside investors who are looking at aur as either long-term or other reasons. How that reflects on the price is not really known so i'm not sure how you know.
What is likely to happen is an increase in price over time as the airdrop gains momentum. There are a few reasons for this:
say for example, you are an icelandic merchant, and you sell bouncy balls at $5 a piece in FIAT, and whatever that translates to in ISK, but now as a merchant you are selling for both ISK and AUR, because u are going to be selling the same product in aur, you are naturally going to mark it up because it is relatively new/unknown/not-trusted yet, etc, so you start selling the same $5 bouncy ball for $10 to people buying in AUR, because you don't know if you are going to lose out and its still quite alien to you. That $10 equivalent in AUR basically becomes absorbed, because its unlikely that people are going to use their airdropped coins (nationally, within iceland) for anything more than a novelty or 1 time purchase to begin with, which means that in effect, that AUR is wiped out.. meaning increased value for AUR over time as this AUR is sucked in to merchants who will be unable, for the most part, to give change to someone for their AUR purchase if they do not yet hold their personal airdropped AUR themselves, and if they do, it would be initially a hassle to give change until it becomes more streamlined.
All in all, you are not basing your argument off anything other than your opinion and a quick look at some charts. Face the facts, if there was no 'actual buying or selling' of any coin then the price would remain static... so uhh what are you talking about? I've seen you on these forums for long enough to know that you literally thread hop and inject your negative and obsolete opinions.
Anyway, please feel free to come back with a meaningful reply, I look forward to it.
Warm Regards
Sevordsbjorngen the Icelandic