With whales robbing small investors, it will be difficult to convince people to buy, OP.
Robbing is illegal, how do you define the way they rob small investors?
.What he means is that, whales will pump a coin and then newbie investors and those some investors there will see the coin and they are hoping that it will rise up more so they will jump on it - in short they got FOMO'ed. While the investors are busy buying the coin, the whales will then dump the coin causing it to go down that hard and some of the investors will be selling it at a loss since they bought it at a high price already
.As the OP, I'm still holding but I don't want to buy at this moment for some reasons.
I understand what he meant but that is not call robbing, of course if you are a whale and you see the situation where you can make money without your action, for sure you'll keep doing that, and since that is not illegal, you should not be guilty of doing the same.
When they own a huge number of bitcoin, they took the risks and now that bitcoin is giving them the liberty to use their holding, no whales would not use that power as all of us here are trading or investing with the same purpose, which is profit.