go to hell with price and "gold"
Why is it a scam? As far as i know you can swap your IEC for Gold or Silver. What this is "People not doing their research, nothing else. Its their own stupidity)
Are you thinking it is a scam because the price has fallen ? Have you ever looked at gold/silver prices and then at how much IEC costs?
1 Silver coin = 40x50=2000IEC
2000IECx(old price)~2000=0.04 = 16$
2000IEXx(swinging price)~750=0.015 = 6$
The coins weigh at around 5.9g if i remember correctly.
5.9g x (silver price)0.45$ = 2.65$
2.65+production cost(to turn into a coin)
If you ever thought it should be at those levels (2k range) there is something extremely wrong with your intelligence.
This does not mean that the price cant got higher, but it shows we are far from bottom.
P.S THIS DOES NOT MEAN FUTURE ADDITIONS CANT INCREASE THE PRICE AND THERE IS ALWAYS ROOM FOR SPECULATIVE TRADING.