Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcore - BTX - SEGWIT - BLOOM - ONLINE - CORE 0.14.1 - 62000+ BTX Claimed
by
stevebc
on 08/07/2017, 22:28:44 UTC
While I completely agree with you, I think we need to respect the Devs for their decision. If they want a small userbase of whales instead of a large userbase of people seeing more in BTX than just an investment vehicle, so it be.
I made the suggestion to use some kind of progressive system where you get a percentage of coins based on you holdings, the more you have (and the higher you are in top 1000) the more you get.
This would still benefit the investors, but also make room for the small people. However, it was decided against that, and reading that it is wanted that people split their coins, just made me lose all interest. I pulled all buy orders and also turned my rigs off (already a few days ago).

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...

The only positive aspect is the low trading volume which makes it impossible to dump a large amount currently. Anyway, good luck everyone. As usual: only invest what you can afford to lose.

I thought your suggestion was quite good.   With the broken English in the feedback we are getting from them (though I'm sure their English is vastly better than any attempt I could make writing in their native tongue!)  I'm thinking they may not fully be grasping the nature of the concerns that are being expressed.

Noone is going to bother buying a second time after they purchase enough to get in the top 1000 and then when they are pushed out by the wallet splitters - especially when the Devs state that they want that to happen!  Only a masochist would have anything to good to say about the project after that.