seems like you don't like it when people hold coins OR sell coins. if you believe in the project wouldn't you be happy about someone giving you an opportunity to get more cheap? isn't that fewer whales and more even distribution?
That’s how I see you all 0xbtc haters
Samuel Carter
Sebastian Lee
What's the use of 0xBTC?
Isaac Brown
what's the use of money that you can send to anyone trustlessly on dexes that can't be hacked, that's programmable via smart contracts, whose value can't be stolen via inflation?
Chase Reyes
Accumulate all you want, I don't care. You couldn't answer the question though, could you?
Yeah because it's a bitcoin clone implemented as an ERC20. It's true of a thousand shitcoins, and does not make them valuable or useful by itself.
Easton Flores
Im a top 100 holder. I just don't like some things
Christopher Baker
words do have meanings. you say it's a clone, but it can do things bitcoin can't do. so is it a clone?
if you insist it's a clone, you probably also think it was "Jow Forums invented" and an "FPGA miner scam".
Alexander Reed
Just buy something useful like SNTVT
Charles Edwards
>A whale crashed the price to 8c Jan 1st+ with 100,000 coins.
>A whale crashed the price to 8c Jan 1st+ with 100,000 coins
so, according to you (i didn't check but doesn't matter), a whale crashed the price to $0.08 in jan. well, so what? soon after, it was back up. it's been $0.20, it's been $0.40, it's been all over the place since then on steadily increasing volume.
but how many times can these secret whales do that to the price, in your estimation? they just keep having unlimited amounts to dump forever? "crash the market and buy it back cheap!!" you say. you just don't understand markets yet. you might be capable of it, but you're not there. i'll help you.
most people don't understand order books. i see that you understand a tiny little bit, because i know you are the same guy who wrote the comment about italian war heroes yesterday, and i'm slowly understanding your particular brain disorder that you call way of thinking. so good for you, but you need to keep thinking it through.
when a whale "crashes the price".. he doesn't actually. he just crashes the price at a certain volume, or put a better way, he just consumes some high-price buy orders at low volumes. and he also creates high uncertainty about what the correct price is, which is fundamentally unknowable (everyone is just sending price signals to each other through the order book to figure it out). if you have ever tried to play a whale in a market, you know that by dumping/buying, all you can do is increase the spread temporarily. some of the time, the spread recovers quickly and other times more slowly, but afterwards the order book quickly resembles everyone's best estimate of the true value and volatility of the instrument. in the interim, the spread is too wide for you to get your position back, except at a loss.
Aaron Moore
>A whale crashed the price to 8c Jan 1st+ with 100,000 coins!!!
you incorrectly fear whales more than you fear panic selling or fomo buying by the smaller actors en masse, who buy/sell in a tight panic/fomo feedback loop. whales can have a sharper effect, but much smaller in total volume. and that is a fundamental misunderstanding of risks on your part.
if you want to disabuse yourself of this "omg but the whales!!" thinking, just think it through a bit harder. according to you, whales have the power to do whatever they want and they don't care if they hurt the price, right?? okay, then the first whale in a market would just keep "manipulating the price" and "crashing the price and buying it back cheap" until he had all the 0xBitcoin (or Bitcoin or Ether or whatever) in the market. but that doesn't happen. there are no winner-take-all markets out there of the type we are talking about. (the only way people get that position is by doing ICOs, by premining, by being a monarch.. by operating outside the market.)
again, think about it. the contradiction in your logic should pop out at you: whales are simultaneously these immensely powerful entities that can do whatever they want with the price..yet somehow they exercise control and decide to only ever control 5% or 10% of the market. "yeah, but that's just because past that point of dumping/pumping 10% of the market, they would scare everyone off!!" see comment above about volatility and order books. whales are not outside the system. they can't "crash the price and buy back cheap". they have to play by the same rules of information and uncertainty as everyone else in the market.
Jaxson Flores
> i do not understand markets and whales are wizards !!!!!!!
(i know that you in particular do understand the following, but most people don't, so i'm going to say it anyway, to help them combat your type of bad thinking and lousy arguments): "PRICE" IS NOT A SINGLE NUMBER. the quoted price is just a midpoint between all the buy orders and sell orders which form two opposing slopes of many prices at different volumes. (and not every market calculates the "price" aka midpoint the same way.) whales "crashing the price" is just them consuming all the little bids where buyers are confident to buy tiny amounts at high prices. therefore whales can only reveal the lower price tiers at the larger volumes that are already there on the order book. that's all they can do. again, whales just reveal information about confidence in the market, which inherently signals uncertainty and volatility.
one more time. if a whale "crashes the price" to "buy back it back cheap!!!!".. it just doesn't work that way, brainlet. he just increases the uncertainty in the many prices at the many volumes, which is then reflected in the books as a wider spread and possibly at lower volumes, and he then has to buy it back across an even wider spread at a higher price. how does that make sense to you? sentiment might go up or down following his supposed manipulation. the wider spread in the meantime prevents him from doing what you are thinking he can do.
whales cannot beat the market. otherwise the first whale would win everything, forever.