I know what you mean mate but don't you get it? There are 100 more whales in blackcoin that can and will do the same thing. This was meant to be fair distribution and now we see the ugly side of even a 1-2% bagholder just sitting there dumping in small amounts so they can exit. When one whale is finished, the price will rise abit and then get pushed down at the next whale's exit point. If there are 20 whales each taking ~3 days to dump then we're looking at at least 3 months of dumping. Volume won't hold that long investors will get bored.
Prove me wrong though, happy to jump back in if the trend looks good.
1-2 % are the top 10, everybody else is already below 1% with #27 already below 0,5%.Prove me wrong though, happy to jump back in if the trend looks good.
Your math can't be that good if you expect 100 people to have 1-2% of something, regardless if you count the thousand of "smaller holders"
edit: ok, i misread something there, but still i don't think it is as dramatic as you fear.