However, if it ever goes below $5, I'll buy back in. 
what reason would you have to buy in under 5... a scam is a scam right?
Obviously, to minimize his lost, but enough of a lost so to deduct it on next year's taxes in offsetting his gains from ... wait for it ... Monetize Coin.
Thought it already shutdown. Why would you buy again? I mean it is too obvious that it is a scam.