What is happening about the price? under 50 now, who is to blame? Dead coin or stupid bots?
For me it looks like traders game with them bots (very regular line down) and someone want to drive price low, to get filled his buy orders on panic sell (dumps). As I see there are some huge orders at 25&20sat (polo) 34&31 (cryptsy). After they got filled, price will be drive back to he (they) could sell with profits - so
nobody to blame, in my opinion this is just trading (plus a bit market manipulation) and this is what happening on exchanges all the time and this is just how it is. Some people have no patient and they will do dumps so as it happened this plan works.
What we can do, just do not sell with lost, as you doing profits for "them" by this. Place buy orders bit higher then you could grab some cheap coins by dumped in to them, or buy when price is low. Also if community really care - sell coins by placing sell orders not by dumps - if everyone would do it price would go only up
, but is is hard when most people (traders) care only profits not a coin, this is why community and people around are so important for the coin. But this is only my opinion.
It works this way when people buying price going up, when selling down.
Cheer up.