Yep, it's a vicious cycle...
You could be a whale who finances a "new coin" and the team behind the coin. Call it the new revolutionary "buttcoin", premine it for bullshit excuses (or be the first to mine at next to nothing difficulty if no premine), market it, pay off the exchanges to start trading, then slowly dump on everyone outside of the "group of friends" and disappear from the picture. Exchanges remove it from trading, and everyone forgets about it. To us the people seem "real"... hey they have personal social media pages, they must be real people right?
Negatory. These "teams" will create new identities for themselves which seem "real" to the rest of the world...
Then it happens again...This time they'll make a coin called "asscoin" which by specs is better than "buttcoin". And again, premine it for bullshit excuses (or be the first to mine at next to nothing difficulty if no premine), market it, pay off the exchanges to start trading, then slowly dump on everyone outside of the "group of friends" and disappear from the picture...
Then it happens again, but this time the name is "darkasscoin" which is sooo revolutionary that it will rip you two new assholes at the same time while you sleep... Then "darkasscoinplus"... You get the picture...
It happened to the colored coins, country coins, and most of these coins that keep coming out... It also happened to XBC... TWICE... but by the second time the community ( and some team members) were so attached to the coin that some folks decided to take matters into their own hands and move forward... Hold yer' XBC because you never know if this time it's for real...
Good analysed.
I think in the long term this low prices are good. New people can bagup cheap. New dev's can buy more to make more profit. True adopters can also buy more and become even more dedicated.
Sell volume goes down Already. Looks like new buyers buy and hold. I will monitor this proces.