If you bought and held PayCoin at any time before this moment, you have lost money. Only traders have made money playing the market and Josh dumping all his compounding premined Coins.
There's also the weird blip in all of this of the hashpoint conversion. If you have Paycoins from the hashpoint conversion, they're still worth more than if you had "mined" BTC instead of getting hashpoints.
I think Paycoins would have to dip below 50 cents for the hashpoint "mining" to have not been worth it.How did you come up with that number?
I think that number is wrong. At the time of Hashpoint introduction, after Zenpool payouts crashed you could still get ~0.0002 BTC per MH/s after fees, i.e. 0.07-0.08 USD (BTC was at $350-400 then). Instead you were given 20 HP i.e. 0.05 XPY. So the breakeven point should be 0.07 / 0.05 = $1.40.
Edit: this doesn't take into account the grossly inflated hashlet prices that were based on the $20 floor assumption. If you paid $10 for a Zen and converted it into a worthless HashStaker then breakeven is ~$4-5 per XPY I think, and a lot higher for Primes, which cost 5x more and are now almost equally worthless.