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This is probably true. Often in blockchain, when projects are at their lowest and having issues, it's often the best time to buy just for that reason.

I agree. I invested when it was 4$ and now I am slowly accumulating more. I don’t know if the price will go down further before it starts going up, but I am saving some cash for new lows. I may ultimately lose all my investment if this project fails but downward price averaging on drops is I think a sound strategy to lower my basis.