Bancor is a non speculative asset in nature, because the Bancor Protocol makes pumps&dumps unconvenient. So its price will be linked to Eth until the team will deliver the real thing. That's good for investors, bad for ICO flippers and short term speculators.
What do mean my non-speculative asset? And why are pump and dump is inconvenient in case of BANCOR?
Thank you
It means the BNT token has price discovery algo build in the Bancor Network, which prevents from quick raise or dump of the price, like whales do with most of the altcoins on exchanges. This algo protects the value of BNT, so even if someone try to manipulate the price, it will be stable thanks to people doing arbitrage between exchange and bancor network. IMO this is desired because BNT serves as a reserve for many other tokens, generated by users and used daily (that is the plan anyway). The volatility in this case could affect the whole token ecosystem.