Had high hopes for this one... so far its just been sad.... so much dumping and below ICO price, ICO coins should have addresses where the btc raised can be sent to so that it can be monitored by the community, so they know if the dev is just dumping his 'free' coins or not..
Bitswift and Bytecent did a good job as far as return on ICO coins go... wonder where this one went wrong?
My .2 bay
Both have significantly less coins in circulation and completely different projects.
I don't think that this one 'went wrong' at all. A large majority of the coins are not on the market and as such the price is easy to manipulate. As well, people who bought in at the crowd sale knew the time frame that David and the BitBay team were aiming for. Nothing has changed along those lines.
I think that it should be common knowledge by now that the hedging is intended to provide a stable currency for the marketplace; it's necessary when trading a new currency for goods/services that a currency not lose value (or even gain which produces sellers remorse). If the hedging works than the investment is a no brainer and all eyes are on the marketplace. It will be the only one with smart contracts, the viability of such for real world use I fully expect to see debates on for the next few months.
It's going to be interesting and I expect it to go either way with cautious optimism. I'm looking forward to the new website which hopefully contains a forum so we don't have to rely solely on this thread for updates.