Skycoin: good entry point or buying into a scam?

[BillyBobZorton]

After the very strange incidents that happened on the Skycoin community, with the founder allegedly simulating being held hostage mixed with missing funds, the market crashed like no other.


https://www.coingecko.com/en/price_charts/skycoin/usd

Click on he all time chart, and you will see how it's pretty much near all time lows.

As it bottomed? opportunity to get in very cheap before the next big x100 pump? Or buying into a scam that will keep going down slowly? Discuss.

[demiculus]

Here is a good analysis. Though it doesn't say everything.

http://bitses.org/analyses/skycoin-thellimist/

It is not a scam. But looks like one for sure. The founders are idiots when it comes to a lot of stuff. But if skywire works then the coin will moon. If it doesn't then it is trash.