Quote from: turk-fx on September 09, 2014, 10:45:48 PM

Quote from: AlexGR on September 09, 2014, 10:34:36 PM

Quote from: BTCgraphics on September 09, 2014, 10:17:21 PM

Hype got this coin to $15 a piece and made the whole crypto world know it's name.
It literally had no tech backing it then.

Hype? No. A whale started buying like no tomorrow and then everyone came onboard. There was no marketing or hype.

Hype, buzz, whatever strategy, are overrated whether RC5 is ninja'ed or it's programmed. The moment it is announced that it will be launched at X date, then the market will price-in this launch after the announcement, and RC5 itself will be the "ok, now what?" point. Or something like that. So it doesn't really make a difference.

But the the hype did not cause this coin to crash. Impatient investors dumped it as soon as they saw a problem. If everything was OK, DRK would have been somewhere between 0.013-0.017 right now. Hey will have this go up 10time, but comes down, it will be still 3x 4x the starting price.

The primary buyers / whales, kept the coin throughout the delays and forking troubles of May / June... They even bought the dumpers and we all stood in awe of how the price didn't give a fuck. The price started dropping through gradual dumping from 0.013 to 0.009 and then, near RC4, dumping accelerated, amidst a general climate of altcoin cashout.

In order to see the price moving upwards massively, whales must buy a lot of coins. It's not hype-related, it's buyer related. If whales don't come in the short-term, then it's all about the long-term plan of adoption and adopters money who use DRK, which will be a gradual process.