So quite easy to predict the Monero price based on what a few whales are doing and all via Poloniex? That explains why on the price chart there are never any big movements, the whale's buy walls moving up and down are too big for lots of small users. And it suggests XMR distribution is a few mega-whales and lots of small holders, but I haven't seen any stats on what XMR distribution actually looks like?
I'm not necessarily agreeing or disagreeing, but if the part about being "quite easy to predict" where true then you should making a lot of money trading Monero, right?
I don't really see a good case that Monero is more influenced by whales than any other coin. They all have their whales.
Really? You don't see a good case for Monero's manipulation? Sure all coins have whales. Its probably the same ones in every coin but I know you've been in the tollbox enough to know better than that. How many times have whales told people to buy because we will never see this price again and then they dump that shit right on their minion's heads. Then again they tell you suckers to buy. 'We're never going below .0034 again'. Hurry up and buy your cheap coins. Then BAM. Dump that shit.
When your king was busy with his game. People wanted to know where their support was. Why are the walls gone? How low can we go? He said he was too busy to worry about the price. He wasn't going to support it. People could dump it to whatever and he wouldn't care. He was too busy to keep the walls up. At one point he claimed that at any given time he controlled atleast 1/3 of both sides of the board. That's a lot of influence if you ask me.
I will say that this activity has slowed down over the last few months but 6+ months ago it was running rampant. Your monero whales were very vocal about their market control and manipulation. Many of you will not call it that so spin it however you want but it wont change the fact that monero is controlled by just a few people.
Show me another coin that has well known whales not just fanboys and minions doing this same activity openly in a trollbox.