How low will it go? Its already at 1$. Can it go to $0.10 as Torcoin or even lower? I mean Torcoin at least had the cool name to it.
Will the sigspammer be held responsible? I saw China is cracking down on scam coins, USA too, so in theory would it be possible to hold sig spammers responsible because basically it would be considered as false advertising, as a scam, to promote a coin trying to trick investors to put their money into it. I means thats an investment fraud in most countries, right?
I wanted to clarify a few points.
1. First, many of the large Deep Onion holders are early supporters of the Deep Onion: forum moderators, vloggers, sigdrop/airdrop participants, etc. For many of these the cost basis of Deep Onion shares is zero so its seems implausible for them to lose 75% of the value of their shares when the total initial invested capital was zero to start with.
2. The peak Deep onion price was approximately $4, and yes the price has declined to $1 since the peak. Crypto is known to be a volatile asset class, BTC itself has had large drawdowns in excess of 40% over its history. This is normal for technology assets when investors are uncertain how to value the asset, look at Amazon during the tech bubble which declined 90% from 1999 to 2011.
3. When Deep Onion started trading it started trading at 2500 stats or around $0.10 assuming a $4,000 bitcoin price. So the statement that Deep Onion started trading at $4 may not be quite accurate.
4. I dont believe Deep Onion is a scam coin. Rather the dev team has demonstrated they are extremely talented at web SEO, viral marketing and crypto ecosystem development. They deserve recognition and praise. If crypto is to grow and challenge the cozy and corrupt world of banking and traditional finance, we need passionate communities like Deep Onion to serve as evangelists for the crypto industry.