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RE: Thar Be Whales... Dumping Tons of Coin
I'm no economist, but if people are dumping their Ȿ for XBC, then someone must be buying it, right? I think this just means that those selling off their Ȿ are losing out in the long-run to those who are buying it cheap right now. The biggest hurt I personally am feeling right now is it's hard to sell Ȿ for $Đ to finance my SteemFest trip.
1 day ago Transfer 21292.895 STEEM to poloniex bca2c4750fec82c9
2 days ago Transfer 55000.000 STEEM to bittrex be4cb840d47246eb80b
2 days ago Transfer 55000.000 STEEM to poloniex bdc163cd42c4ff45
Those 3 transactions alone are a big part of the big price dump in the past few days. Those dumps are from the 2 founders.
I personally wouldn't buy in until it hits .01 - .05 personally right now.
It might be a catch 22 for the founders though. They might be thinking a big dump will help distribute some wealth, but yet the side effect is a decline in price.
I have my speculations of "who" is buying most of it, but I won't say more than that without actual solid facts behind it.
Great comment! Thanks.
I'd like to hear your thoughts. Feel free to DM me in .chat if you like.