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It's really taking it on Z chin.

Of course it's going down. It's new so it gets very much diluted with every mining machine that goes up. It will probably stable around 1 Bitcoin.

Yes, the hype is never enough to offset the profit takers for the first couple of months minimum in my opinion.

So let me get this: Hidden Coin supply -> Devs allegedly print up a lot of coins and dump them...

Sounds like the perfect scam to me... :D