I believe the only people holding XPY coins are GAW itself and those who bought XPY with fiat and are hoping and wishing the exchange rate will increase to the point that they'll break even. Who knows ... maybe Josh will smoke a big bowl of crack and dump millions into XPY and make that $20-$25 floor and the non-GAW people will actually get their chance to get out without loosing much.
Those of us who mined XPY, I think most of us cashed out and payed for our electric used and a little more.
I know I cashed out and paid for my electricity used... I was thinking of cashing out when the first stink whiffed through the air, I would have made a profit then, but I stuck onto XPY, letting it play out a bit more. But when the stink got worse than my cats food, It was time.
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Your beliefs are just wrong. I still have a lot of XPY from mining as do many others. I doubt many bought XPY with fiat, however a lot of XPY has been bought on exchanges with BTC. Most of GAW's customers also hold XPY from mining converted HashPoints and now from staking. Early investors have also been given their paycoin and much of it is tied up in supporting the Prime controllers. GAW only holds a small portion of what they did.
Since you don't even understand the basics of how the coin was distributed and acquired, I don't see how anything else you say about the coin has merit.
pretty much everyone bought xpy with fiat.
buy btc trade for xpy
buy hardware with fiat mine btc trade for xpy
think about it, thats the basics.
people that acquired peoples xpy for btc or fiat @20 need a rise to profit. should they not then there are your profit losers. again people have to lose for people to win. GAW just hasnt fallen over yet. wait for paybase and the trans holds. the pain will begin soon. just not for you as you were an early person. your buyers are the real future victims