Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcore - BTX - SEGWIT - BLOOM - ONLINE - CORE 0.14.1 - 62000+ BTX Claimed
by
pwpwpw
on 08/07/2017, 20:59:30 UTC
I'm pretty much sure, that this coin will be heavily dumped, at least after the last airdrop has been made. So I would not recommend to invest here (long term) until the last airdrop is done and the dust settles. Just take a look at CLAM coin. One single person was able to dump the coin into the ground and it never recovered. It's not really about the people who buy some BTX, it's about the real BTC whales. There are people with thousands of BTC, let alone the exchanges. If they would claim their BTX (and I'm sure they will because it's free money), do not expect them to hold...

I never checked clam coin but show me any coin in the top 10 that wouldn't go to 0$~ if anyone from their top10 richlist dumped their coins, just gonna check 2 coins, lets say ETH: the 5th wallet has 120M$, which is about 48k btc right now, poloniex has 5.8k BTC buy order, combined all the exchanges have less than 48k btc, so practically if that one person insta dumps, price goes to 0.. next, Dash, the 5th wallet has 3400btc worth of dash and polo has 1.2k buy orders, so again, price would become 0. Look at any coin, including bitcoin, they would all collapse if anyone from the top 10 dumped instantly. So saying that it's bad to have "whales" only in the top 1000 is kinda funny.. if you look at byteball, which had BTC claim and 10% monthly on your byteball holdings, you would see that all the top whales didn't dump, that's the reason the coin keeps going higher and higher every single month, it's the little fishes with a few btcs that dump regularly, big whales dump only to buy back lower, they don't do it to kill the coin.