It scares me to see people saying that this is a "buying opportunity." I have seen that in many investments in the past and it only serves to pacify as the price continues to decline.
I followed vertcoin from $1.10 down to $.30 before selling & was happy I did when it hit $.04.
It's all perspective. Those early to the party have no risk and aren't stuck (like you). They can afford to sell at a profit or get out at break even.
I think that no-one here considers the price to be realistic at present. This, to me, suggests that there'll be a lot of resistance to the price dropping much further - and probably only in wild idiotic single dumps like just now.
Those who have already purchased at a higher price naturally think the price being lower than what they valued it at is too low.
The problem is - those making the market decisions in a bear market are potential buyers (vs a bull in which sellers do). These people view things different than hodlers do. People who view XC as undervalued now probably ran out of buying ammunition back when they thought it was at a discounted price (vs severely undervalued as they perceive it now)
While the blocknet & supernet are interesting ideas from a theoretical standpoint crypto gets so little use that exchanging between coins to use a certain coins feature is almost unheard of. If I do druge deals, dipping in and out of any altcoin is going to cause massive massive slippage (like 20 - 50% of a $100K deal). So the anon feature is pretty much useless without volume.
It's a bit like building an empty city. People using altcoins are not using them for their features - but speculating on their future. So to make it possible to use all altcoin features from a single integrated wallet for people who are all betting on their individual coins just doesn't process with me as something that will be a gamechanger.
Edit: While I'm not exactly bullish on XC for a variety of reasons. The fact that the main developer will be sidetracked by developing this blocknet instead of focusing on getting everything working well on the main coin (debugging group chat, making solid releases for Mac/Linux (you guys sell a torstick for gods sake), releasing opensource code to get buy in of community) would make me suspect that he's running low on personal funds and needing an alternate funding source (blocknet ICO) which seems to follow the altcoin reviews.
This would further concern me. Since the open sourcing & XC completion appears to be being put on the backburner for blocknet then price decline would make sense.
