Like i said, the amount of new coins created will still be 9 million ETN daily. no matter how much ASICs or GPUs you throw at the network
GPU mining farms also big business. you can remove the hobby miner, and you wont even notice anything different
The only thing that drive the price down is weakhands that got scared of FUDs
either you don't understand or you pretend you don't.
GPU mining farms and one of the GPU/CPU - it's a fair competition, but when there are many asics high hashpower - then there is no competition. you cant mining etn with GPU/CPU.
the meaning of blockchain and cryptocurrency is decentralization - this is when there is no monopoly on the means of production for a limited number of persons (with a lot of asics in our case).
and in this case, I and many others will not buy and hold such a cryptocurrency...
Personally I still buy and hold it!
Why? because I'm looking at the bigger picture, combining macroeconomics and microeconomics analysis and also thinking about the value 1 year or more in the future.
My ETN Macroeconomics Analysis: The mainstream users are in need of something simple to understand and use. By my experience as a Google stocks holder, I know that the world is moving toward mobile platforms. Google, Facebook, Amazon, Apple, Intel... they all know that and focus their products toward mobile users. Electroneum's team is doing the same.
My ETN Microeconomics Analysis: A solid plan that will create demand for the coin. A technology that looks to diversify itself and create patents. This is also a project which broke some records with its' ICO, people got to hear the name and even all this FUD is nothing more than an advertisement in the long run. Twitter was getting a lot of FUD a few months ago too and where is it's stock pride today? Double of what it was
(you don't get 1000% return in stocks, a 100% return is a lot). Every day I was reading new FUD and I was just buying cheaper and cheaper. I see the same with ETN.
Is the developer's plan to accept ASICs? No. So why would I bet my money on what might happen/keep happening for a few months forward when it's safer to bet on the future?
PS: You're welcome for the free investing lesson! 
