Alright LIR community, its time to take a step back from all this mania and analyze whats going on objectively.
1. The value of LIR has been cut by 50% in 24 hours. This is directly due to the comments made by Mr. President, Cryptodevil, and the others spreading FUD.
2. Every bag holder of LIR has seen their investment cut by 50% in 24 hours as well. This again is directly due to the actions of Mr. President, Cryptodevil, and others spreading FUD. Despite their intentions, which are very debatable, the only group of persons responsible or LIR holders to lose money is Mr. President, Cryptodevil, and other fudsters. NOT because Mr. Phoenix bought an account. It is not the LIR team that is causing the weak hands to lose on their investment, it is Mr. President, Cryptodevil, and the other fudsters that are possibly taking advantage of them.
3. There is a dev team who have produced 2 functioning beta sites. Based on this invested time and effort, it is illogical to think that a fully functioning dice site running on LIR would not be launched, and the currency would subsequently be traded at high volume on a large exchange.
4. The question every person, including Mr. President and Cryptodevil, has to ask themselves is if they want to be holding LIR a) when the dice site launches, and b) when LIR hits Bittrex and Poloniex. I personally see this as the easiest 10x since ethereum 1 year ago and Lisk a few months ago.
5. There is no hard evidence that this fud is orchestrated. However, with signatures like "sell, sell, sell LIR!" it is very hard to shed yourself from any credibility of innocent intentions.
6. I personally believe this to be the first stage of a very well executed dump and pump strategy. It is very profitable to take a seemingly damning fact, that one of the devs has a bought account, and leverage this to take advantage of weak hands for an easy 50% discount on a coin with such little volume. This fud only had to clear a few btc worth of buy orders and then it was off to the races. Unfortunately for the weak hands, they are forgetting that this "damning" revelation has 0 to do with the fundamentals of this asset, and are the real losers in this scenario.
Hopefully we can allow sanity to be restored and the price will stabilize wherever it will until the site launches.
1, I couldn't agree more that is the exact reason and nothing else.
2, Very true, my original 2btc investment plus the 1.5btc on the exchange has been reduced to a mere 1.8btc roughly.
3, That is clear for anyone to see but the fudders don't like to look at facts they like to talk garbage.
4, In the end you are right the coin will be traded at least 10x from now but I'd push at a fair bit more.
5, You can see the agenda here, although there are several going on at once which is kind of amusing if I was just on the sidelines with nothing at stake.
6, You are right once again which is why I will not sell to these bastards.
Everything will get back on track soon enough, what is a little red on an account if them guys keep delivering. We all know the trust system is fucked anyway with people like that on there.
