I can imagine the devs' meeting in March - "We have $30 000 000 worth of ETH in our wallet which is more than enough to cover ALL expenses including binance fee which is $2 000 000, naah fuck it, let's dump 10 billion tokens all the way down to 1 sat and screw all our investors, we promised them the circulating supply on the exchanges will decrease but we didn't sign anything and we are "Limited" which means they can't sue us."
#Retarded
And we'll have a gaggle of loyalists who will still suck our dicks while we cash out on their backs! Never seen anything like it, do these people not remember Blackcoin? Cloakcoin? Shieldcoin? - the list is endless - all came out with a hiss and roar and then boom - we get fucked and realize we are holding a bag of useless tokens as their sole purpose - to be switched for our actually valuable ETH and BTC - is over. At least with all the other scams you don't still have people defending an asset dumped 98% from its high while the largest wallets have been sending coins to Binance and Kucoin.... And the bottom line is they have $30 Million worth of ETH to use for operating expenses so don't you lot dare try to say 'they had no choice' but to dump on everyone and screw us all.
I think that the only reason why they joined binance, the most liquid exchange, is so they can dump more. There is zero positive effect of being listed on binance and they know it, from investor point of view there's absolutely no difference whether we buy from hitbtc or binance. If they've been following price (and I'm 100% sure they are) they will have noticed that every time dent is listed on new exchange the price crashes. But it couldn't be otherwise since they've been dumping with the big truck for months.
I agree. All that being listed on Binance has accomplished was that EVEN MORE dumping of DENT as visible by the charts themselves has taken place vs. the period before the listing. That's completely irrefutable. Dumping has ramped up and buying has dried up and any fool can read the charts pre and post listing and see it for themselves. When combined with the fact that the Dev controlled wallets have been sending billions of coins to Kucoin and Binance since at least April and probably January if we are realistic here - it paints a damning picture. If the coin was truly used by 3 million people and just the best thing since sliced bread why the fuck can they not get more than 100 likes on their twitter posts or more than a handful of people in their telegram room ACTUALLY using it. Shit, they just announced today that - suprprise! - there's actually 70% more coins in circulation than was made known on Coinmarketcap - so for all intents and purposes the price is even more likely to fall as perception is everything and regardless of how long those coins have been in circulation - as far as Joe Bloggs is concerned the coin just became 70% less scarce and has plenty of room to dump probably down to 10 Sat again now that the devs have shown their hand as dumping their 90% premine.
Totally agree with you. All the posts under this strong argument are just throwing words in the wind.
I too got banned from the telegram channel trying to save people when it was 60 sats. Nobody listened and banned me. now it's at 25 sats and will continue to drop since devs are selling and cashing out.
If people just give one line "dent is great", ecc bullcrap without proof, it is absolutely clear that devs scammed everybody and sold their HUGE amount of coins.
What a waste!