This shows how ppl dont understand the concept of BC. What most dont realize is that BC cant be dumped like other mineable coins. Once the pool gets started and assuming everything goes as planned, BC at low prices are history. If you sell now, you will hardly ever see these prices again.
It's posts like this that only shows wishful thinking. Certainly BC can be dumped by whales that hold millions of coins. They have the ability to crash the entire market in one go if they wanted to. Just because it's not mined and coins aren't being generated by PoW doesn't mean the coin can't be dumped. That said, we wont see the same kind of gradual deflation of the currency like other coins.
Right, to an extent. The largest wallet in this game is what maybe 1.6 million? Only a few people have the power to do some damage. I don't see anybody buying up a bag of 10 million at these prices just to crash the price to bits. One can speculate either way, I see the pendulum swinging toward a climb overall.
Either way what you say about whales is accurate, BC does not have strong legs at this point. This price could be blasted and send people into a panic sell short term at any time, nothing is guaranteed.