Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Moderated Thread - Logo Voting Has Begun[Updates & Discussion]
by
Eadeqa
on 04/08/2014, 05:55:49 UTC

That whale is doing NEM a favor by preventing the NEM stake price falling to 100$. Because if he unloads everything now, that will be where NEM price is. Be careful with what you are wishing for.

It would take 40.000$ to buy 32 NEM stakes and if you think he will end up buying 100 stakes, that would cost 100.000$ or more. Even to me, that is not a small change. 100 stakes = 2.5% of total NEM. For 100K, he can buy the entire supply of ORA or 10% of Qora or Crypti or Viacoin. I am not the whale buying but , my friend, be grateful to people buying your product. 

Good point. The prices would be significantly down without the whales who hold for long time.