What was ICO price?
From what I read the majority paid around 1500. It is an ideal to get in as there is no reason for the price to be where its at and there is a release in the next few days. Games have been played by big holders and people have gave their coins for cheap, they will kick themselves soon enough for selling.
I wouldn't be surprised if people have sold to join in the ETC/ETH war and will get back on board when it is settled - same is happening with many alts. There is a massive tug of war going on poloniex right now. Very interesting to watch - but I need more experience to get involved in that kind of volatility, that seems much more risky than LIR to me.
I am monitoring ETC price , it goes over $3 , then falls down suddenly , sure LIR is safer if you want good investment for the future , because LIR has many features to come , but there are some traders who like the risky trades , for me , I am far of that .
This is a very common practice for a lot of traders. They are just following the ride of any uprising coins. Once a coin start to increase by more than 10-20% in consecutive days, they will all start to withdraw their other funds and flock to the coin. And when the bubbles start to burst, the faster finger will get the yield and those slow one will get to suffer.