We can all see that the dev funds have not been sold yet. You are panicking about nothing
This is correct. EVERYONE can see the funds in the address and can track it's movement. Anyone dumping now is falling for tricks and FUD
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Exactly! But he has said he is starting to sell the now!
Here is the post
https://bitcointalk.org/index.php?topic=1367075.msg14434578#msg14434578"Now that BigUp is gaining seriously BIG momentum we are going to be moving into the next stages of progress part of which includes moving some of the dev fund into the market. This will have many benefits to the BigUp community..."
I did NOT say I was selling them now, the words above clearly say "some" and so far that has been NONE. The rest of the post that people keep quoting explains how there will NOT be a mass selling of BigUp and this information is being provided to contribute to confidence and transparency
Here are all of the words from the quote that people keep posting:
Now that BigUp is gaining seriously BIG momentum we are going to be moving into the next stages of progress part of which includes moving some of the dev fund into the market. This will have many benefits to the BigUp community...
The end of so many other coins comes from the dreaded "dev dump", where the dev funds are quickly moved into an exchange and are sold into the buy orders that have been established during the artificial rise of a short-term, pumped coin. All activity surrounding BigUp is genuine from the community and there will be no mass selling of BigUp dev fund coins. Instead, coins moved to market will be spread evenly and properly to maintain steady activity and avoid any panic while maintaining confidence
Moving dev fund BigUp into the market also creates the benefit of increasing distribution of BigUp while further creating chances for people to participate in BigUp Life. This will also relieve those who may be hesitant because of a large concentration of coins
Easier liquidity will enable the potential addition and creation of new services as well
With people attempting FUD (or even blackmail) BigUp is still moving forward and there is more to come. The efforts of few can not outweigh what is being accomplished by our growing group of many
More details and clarification will be posted shortly and I will be contacting some of you directly
BBIIGGUUPP!!