I am kinda surprised that no one knew this was a scam from the get-go...or maybe you knew it was a scam and just wanted to go along for the pump n dump /get rich quick ride. IMO that's a level of risk I'm not interested in because I know that:

1. The vast majority of crowdsales fail.
2. The vast majority often don't survive past the first dump
3. The vast majority of scams don't go beyond a first homepage.
4. And so on and so on.

This coin met all the suspicious criteria plus tax. The only funny bit was that they showed their faces, but that means nothing to me as how many people have shown their faces and still left people holding the bag? What matters to me is community reputation and results, and even that doesn't guarantee anything. They claimed they were partners with Merkle, and other 'name brands' but only linked to a badly written article that was part of the 'hype'. And then they mysteriously cease communication after the crowdsale and people with complaints can't reach them? They climbed ranks on coinmarketcap and that has given them 'some' legitimacy, but we know the truth.

It's for this reason why I rarely 'angel invest' in crowdsales, and prefer to simply watch from the sidelines. Some of them have promise and actual reputation....In very rare cases will I invest in a crowdsale or ICOs, (1) If I truly believe in the viability of it's future and see it as useful to me and others (in which case it has to meet other criteria for me to jump in). (2) I believe that the hype being generated will carry it away such that it will be pump n dumped quickly so I can enter and exit quickly + the backing of 'name brand' people which increases the potential for reward. (i.e in such a case it doesn't matter if it's a pump n dump because I myself plan to dump it at the first exit).

I don't tend to enjoy being the 'first user' of something since price always goes down after initial launch. But you can still get your money back...

There's a lot going in your favor. People still believe in the coin, the currency is at a steady price, and it can stay that way if you guys don't panic. Realize that there is no bad news about this coin floating around outside of facebook comments and this forum, and it only takes some good news to bring it up. Go write a paper about why you believe Waves will be a great coin and submit it.

Right now because the coins are so cheap and because it cost relatively nothing to participate, there are bound to be whales who own the coin and will pump then dump, so be patient and exit then. If the coin is truly valuable and not a scam then it'll survive the pump and eventually bounce back from the dump.

I myself have a love for amassing cheap coins during panics and selling back to people when it goes up IF the coin has a pattern/history to compare it against.... Try to be more confident about your choices and if you really want a profit now. Work together and whale the prices. That's the best I can tell you otherwise, lots of great suggestions about holding. And if the price remains steady it could hedge against any volatility in bitcoin.