Before I start writing this I want to make clear that I am holding about 13k Voot now. I initially bought like 11k and by trading I made 13k out of it. Still holding these. I have no choice I guess.
Yesterday, before I went to sleep, the price had dropped from 1.9k to 1.2k and I was fine with that. I still had confidence in Voot and the devs behind the coin. Today I woke up to see this mess and I saw that we actually hit an unbelievable low value of 65 sats. We hit 65 sats! I couldn't believe what I was seeing. I thought I did a great job buying back around 1250 yesterday. I started reading the thread and I saw some disturbing messages. Things just don't line up.
1. Somebody dumped a lot of Voot before we had the announcement of the delay of the exchange. Just think about this for a moment. Why would anyone dump a huge pile of Voot while we were waiting for some good news regarding the anon exchange? My conclusion: somebody with inside knowledge dumped his coins. This could have been the dev himself. We will never know.
2. The Sync fund first release a message stating that they got out of Voot and put their profits in Synch. We see announcements that MsCollec has stopped working on Voot and that the development has stopped. No replacement. Nothing. MsCollec confirms this and says he is quitting. We see some huge dumps. Price drops to 65 sats. Then, we see a statement that the development did not stop at all and that the previous statement was a typo. MsCollec says he has changed his mind and he is not leaving. Price rises a bit but the damage has been done.
Are you guys kidding me? We are not 2-year olds here. Anyone who thinks that there is nothing wrong with what has happened must be blind. I do not know too but I do know that something went on behind the scenes last night causing some people to lose a lot BUT others won a lot. And I mean A LOT! I understand that we are trying to get this coin back up now. I understand that the features are not that bad at all and are definitely worth more than the current price. But I personally think that what happened yesterday is unforgivable. I really see it as THEFT
It's a shame. Really really a shame.
I hope that you guys leave my post and do not delete it. I want people to know how I feel. Like I said, I am a bagholder now. I did not lose a lot but I am sorry for those who did. I sincerely hope that Voot can get back up but I doubt that the trust will recover quickly. Let's just say that this is a big lesson for us all. Never ever trust anybody. Ever. Thanks. And good luck to us all.