Think the price is going down because the ads on the classified website are very few, and most of it is spam.  So people are not using coin as it is intended and it needs some kind of spam filter.  Also people are hung up on the success of the ipo, perhaps dev could work on the marketing aspect.

What differentiates this coin from 100s of others? What concrete stuff has it go to offer? Even if there is nothing new or innovative here - the dev made a mistake by making it 30 million coins - there are alts out there with similar number of coins that are worth a few 100 satoshi. Which is a reality. He could have at least made a reduced number of coins to make it more valuable - but even this wasn't though off.

Is there any IRC Channel for CRAIG? Any group wants to make one? I think CRAIG should start building up a community. With 400 BTC invested to it, there should be a BIG number of Investors and traders here.

A lot of nervous investors would feel happier if you had some skin in the game and owned a large % of coins.  And you dont even have to use your money, you can use ours (ico).   If your not willing to invest in your own coin then why should I.  

As for the ico funds.  You could easily prove that all is above board by releasing your wallet address to prove that you still have the funds.

This is not fud and I am not a day trader, I am an investor who has some concerns.

Panic sell!!!!

I tell you what if that scam Archcoin goes up , iv lost all faith in crypto. Has anyone seen the site and whitepapers, its all about some stupid pyramid igloo tipee submersible dwelling that they think they can sell for 10,000 btcs a pop and share the profit. Oh and a coingen type scamcoin factory. Unbelievable people are happy to through money into that pure crap. While craig actually has something innovotive and working right now, not just promises and pure scam vapourware!!

edit: arch igloos are 100 BTC each not 10,000      , but whitepaper claims they will make 10,000 btcs a year profit from them!!! what a friggin joke!!

promises that they will sell 10,000 btcs worthy of silly triangle sheds a year and share the profit with investors. id say thats vaporware

Or the dev and friends are selling their free coins at 100% profit no matter what the price is.  Now i am not saying this is the case here.

Yes. that too. I did include 'dev dumping' as another possible reason.

Although a smart dev doesn't usually dump like this, at least not unless his plan is to buy back coins cheaply.  Typically a dev would dump after the coin gets pumped somewhat. And then it's much better to slowly dump over time, especially as new coin stuff is released or promised (doesn't even have to do anything, just act like something is in development) ... better price overall.