Also. For anyone who thinks that Max Keiser is an a$$hole, you are probably right. But remember Max Keiser has approximately 20 million viewers on RT for Keiser Report. A lot of those people will watch the show because they DO like him. What other altcoin has a PR agent as big as Max Keiser? He was the reason why a lot of people got into Bitcoin in the first place. Most people I mention Bitcoin to haven't heard of it but of the ones that have, they usually attribute it to Max Keiser or bring his name into the conversation. He seems to be big in the UK.
Yeah, those people buy bitcoin. Why should they dump bitcoin for other coin named after this douchebag and started by college students with little to none experience? A coin with inflation that cannot be possibly sustained.
If you think about it there are probably thousands of people out of the 20 million that hang off his every word, who are not financially savvy, but believe what he says because he says it louder than the next guy. Some of these people will see the success of Bitcoin and want a piece of the action. There could already be 1 million Maxcoins soaked up by people who wont sell until the price is in the $10's or $100's. Might never happen, but for all intents and purposes those coins are hoovered off the market. Max hasn't even give the big buy signal yet, when he does all hell could break loose. Remember he has the inside scoop, he has the capital and he has the publicity. Whatever he says can become reality!
I imagine those people checking on their investment everyday. Financially savvy or not, they see they have been f*cked in the ass by a pump and dump. People are not that patient as you think, especially when they see that bitcoin goes up. And they were told to dump it for some shit coin!

So those people are heavy bagholders wanting to unload, trapped in shit.
A buy signal? He's been cheerleading for months tweeting some bullshit that never panned out. Blitz of announcements for june was the greatest. Nothing really happened except starting another failed coin. Or his buy signals like about the price bottom and target for the pumps. He missed them all, probably does not care too much.
This coin was not pre-mined, so..... if Max himself wants a piece of the action then why would he pay 10,000's 100,000's or even 1,000,000's of satoshis per coin when he can suck them up at a fraction of the cost by just pretending to release news at a given date/time and then not releasing it? Or even better, announce another coin. Max worked on wall street for many years. He has participated in many pump and dumps. He knows how to make value disappear and how to make it rise. And most importantly he knows how to increase his position/holdings. What do you think he is doing?
This coin is a pump and dump. It's been going for months. People who do not notice this deserve to lose money. Sorry dude, no big pump for you, this is constant downtrend.
He is making a killing or the whales who dumped on people. Lots max was sold at higher prices so it was a good dump. Must have been good dumping on all those losers that watch his show and think they can get rich by buying some altcoin with inflation and greedy whales.
And about developers. I did not say they are doing nothing around the coin but compared to other coins this is just another clone, better in nothing that bitcoin with much less security and inflation without buy support.
You might rethink your position. You do not want to get burned. The coin did not reach bottom yet. I don't care.