The lesson I learnt from this fiasco.... if the coin is to have a purpose - like if its meant to be a cog in a system, and if the system collapses, then the public perception is that the coin is worthless. On the other hand if it has no purpose to exist (take your pick... color, animal, country), then it can never truly die by an external event and will continue to speculate.
Moral of the story: Make generic shitcoins.
Yeah pretty much. Unfortunately when you give a coin a purpose people can't see past that purpose, since the value was supposed to be derived from that purpose when the purpose fails then the coin has "no value." But create a coin based on nothing and people will want to trade it to spec specifically into btc. This coin had a purpose that could have given it a stand alone market, but incompetence put us in the position we are in now. I still haven't sold my coins yet, I'm waiting to see what happens with possibly reviving the purpose of the coin because I really wanted to use them for their intended purpose. There is potential in the purpose, but as a lot of people have pointed out why use this coin when you can do the same with btc. Its a logical argument that can hardly be ignored.
