Man, I bought 2 more BTC worth of XPY around .00400.
And at the moment it's broken below .00300.
Look at how much the volume slowed after withdrawals were blocked. That gives you an indication of how much selling volume was from people dumping what they got from hashtakers. What do you think happens when all of those accumulated coins hit the markets if they allow withdrawals again? The longer they delay, the worse it's going to be.
Josh did announce something that he said would revolutionize the industry (this from someone who so far has only managed to launch a broken peercoin clone) and the pattern is that the price jumps when he announces something, then crashes when he doesn't deliver. At .004 you were buying at the peak of the bump off of that announcement. What do you think happens as we get closer to the alleged beta, now less than two weeks away, and nothing happens?
The whole buyback thing would be a bad idea if they actually do it, but all the evidence says they don't have the cash to do it anyway. But he said recently that the payouts would be ahead of schedule, which means before April 1. But they haven't even let anyone register and deposit money yet. The buyback is one of the big promises that the faithful have clung to. As it sinks in that the "honor program" isn't going to happen, what do you expect will happen to the price?
The significance of the DKIM-signed emails is just now washing over HT. Read the article that was just posted. There's some brutal stuff in there.
Good timing, dude.