One of the very few actually buying: Just got my full (modest) order filled under 9k. People still dumping hands over fists.
The project, with the devs totally absent for all intents and meaningful purposes, is lacking direction and, above all, achievements. No one outside of the fully stretched VRC community, sees any future in this project, the same way they don't in BC. By the time Doug is back from vacation, his hobby project might easily have lost another couple of digits. Nature of the beast. Anyone seeing any reason, any real reason at all for a rebound any time soon? I didn't think so. Neither do all those dumping quite massively every single day...
So they dump and move to projects perceived as having one.
That simple.
How come you didn't buy Litecoin instead?  It's down to $5.60 right now.  I'm just curious as to why you'd want to buy an alt in which you seem to hold it's devs in such low esteem.
When you state "such low esteem", are you referring to the devs, personally or as devs of VRC? Because, on both counts, you are wrong. Personally, I find them to be somewhat grown children with a lot more to grow, a lot to learn -especially that they are far less intelligent than they believe they are-.  As devs of VRC, they need to be proven. So far they have come quite short on every aspect, but it is too early, in my opinion, to render a definitive evaluation... although they are racing against the clock now and, this being crypto, they may find that they are not going to have the time they need, even if they are capable of fully delivering... which, at this juncture, it is quite open to speculation.
But to answer your specific question, it seemed like a good idea at the time.
You see, ypou are convinced not only that you can identify intelligence but that you are quite bright yourself... and yet, the points and ideas pass above your head like there's nothing below...
I apologize if English isn't your first language and that went over your head.  Maybe this will help: 
http://www.spanishdict.com/answers/161576/-what-is-to-hold-in-low-esteem-i-dont-understand-it-in-englishFrom all that I've gathered, they certainly seem smart enough to me.  I'm a polymath myself and have a younger brother that has an IQ of 178, who worked on finding genes for schizophrenia while working in the lab when he was an undergrad at Johns Hopkins so I think I have a good idea of what intelligence is.
From their bio:
"Patrick holds three US patents, and as a dual PhD candidate in Biochemistry and Molecular Biology, he is the co-inventor of five or more additional patents including one on influenza therapeutics with Douglas Pike."
As far as them not having enough time, well then maybe you should stop pestering them to keep coming on here and holding your hand and explaining every little thing everytime your emotions start getting the best of you.  Maybe you should either sell or leave them alone to further develop this coin.  
You see? You are not only convinced youy are quite capable of identify intelligence, but you believe you are quite bright yourself... and yet, points and ideas pass above your head like there's nothing below, you don't grasp any, not even remotely, and still you choose to believe that it is not your fault and, instead, it must be some language -on my part, of course- miscommunication. There's a lot of differences between "smart" and "intelligent". As well as several varieties of both. Having a high IQ doesn't mean that the individual has actual knowledge, much less experience, on anything. And being smart can mean that someone doesn't even know how to read but still acts with plenty of smarts ... these are usually called "street smarts" but smarts by any other name are still smart. I'm sure you are capable of catching my gist here.
Biochemistry and Molecular Biology, while fascinating sciences, have very little to do -nothing, in fact- with creative and valuable ideas regarding a project of a crypto currency, let alone ANY idea whatsoever about finances, marketing or communications. Our boys have evidenced already total lack of all those skills to significant extremes in just 2 months. Nothing that should surprise anyone considering that, well, they are good, brilliant even, maybe, at Biochemistry and Molecular Biology which has the same to do with those matters I just mentioned as olympic swimming or fashion design, for instance.
Problem here is the raw arrogance evidence many times has proven these two guys, Pat and Doug, actually believe they are semi-geniuses in financial matters, quite adept at communication and authorities in matters of marketing. And, to put it somewhat mildly, the SUCK at those three. Badly. Added to that, neither them nor dev3 have, so far, proven that they are good at creating valuable, marketable, original features in a coin. There's some promise out there but it is a promise that is growing quickly old.
I KNOW -age and experience gives you that is a couple of instances, not in many more- that you understand clearly my points but your condition of invested bagholder, added to the one that actually believe what you and others -me included- post here has direct influence in the price movements, will prevent you from admitting the obvious, on all counts, so don't sweat too much trying to respond with anything close to smart.
Oh and by the way, how's your brother -the genius- knowledge of Siglo de Oro literature? I take that he will speak fluently at least seven languages and several African dialects, so I'm sure he will know everything there's to know about that and many other matters just putting a few minutes to study them...
Lesser humans, such as me, trust more experience though, in most matters.
And Google, of course. 
Edit add.- The have time enough, on your other matter, to tend to their ego requirements and, seemingly, to any other matter, including vacations. And yes, I could stop "pestering", as you so eloquently put it, them but I'd much rather try to keep them on their toes, committed to do the best that they can instead. It's my money and their prerogative. Yours is to post inane things or try something remotely resembling intelligence... which would probably be a noble and discreet silence, but what do I know, right?