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Talk about a SLOPPY launch. At least them miners got enormous gains. Maybe in some indirect way the now rich miners will support the infrastructure for a higher and a stable price.
I don't think miners got enormous gains. There are things to consider like equipment cost and electricity cost. Nobody mining got rich. Now if they HODL the coin and goes to 50 cent in a year, they will do well.
If anyone got an enormous gain it would be anyone who logged into Cryptopia and purchased ETN when it was 400 Satoshis and then sold when it went up to 800 Satoshis. That 100% gain.
Or anyone who bought at 700 and sold at 800 the more than 10x it traded sideways the first few days. Or 600 to 700, 500 to 600 and so on.
Plenty of money to be made for everyone during this launch so far.