That is a really poor argument to justify holding 15M coins hidden, that whales could dump the price if they see any movement in these wallets. What is the difference from that from what happened when it went on the exchange? Nothing. It works just as good on the other way around to say that they cannot see the wallets so they might just dump anytime.
You cannot simply say that something is "overvalued" there is a supply and demand, the price it gets is the correct one based on that. Which well-known projects are you talking about that dumped secretly?
I know very well how the markets works but that doesn't change what I've stated before, if they dumped 2-3M or 15M it doesn't matter. It is the thing that they might have done it and are hiding from telling the truth and keep using the lame excuse "privacy" when you asked for people's money.
The other coins/tokens you bring up there at least had full transaction list/richlist of all funds, nothing hidden so you could track it and do your own judgement if investing was a good thing or not.
I should not need to go to them personally to ask them for a richlist/transacations or their wallets, this is something they should had provided from day 1 when it went on the exchange or even before that.
Just a reminder to you, this is not FUD, it is a fact that they are hiding 15M coins or less if they sold it and refuse to show it publicly. You seem to be more interested in the price rather then the actual game it is there we are go apart of how we think about this situation.
Well man I don't wanna discuss with you anymore. It's clear that you don't know how these markets works.
"Overvalued", "inflated", "pumped", it's all the same. Big players generate big volumes, buy walls and other known tricks to make little investors think that it's a good moment to enter, when reality is that they are buying at high prices given the current status of the project.
Even if everything was 200% transparent, price wouldn't had sustained 5-7K levels, because there was absolutely no reason to do so. People who bought those at those prices, you included, bought coins giving the project a market valuation of 2,5M-3M $, when just a day before it was valuated at 400K $. Next time, think a bit before investing in a project man.
You need all the information & all the cards in the table to decide if a project is trustworthly or not. Well that's not going to happen, if you want some extra info you will have to look for it.
This is the essence of VC investing, to trust or not to trust. If you're not good or confortable in that kind of "intuitive" analysis, go back to big corporation investing. There you will have tons of "transparent" data to analyse if it's a good choice to invest or not. Be careful tho, data manipulation & creative accounting it's a common practise inthere.
Last message to you, don't answer that, stop the fudding, lock your NXC and sell them in june-july at 10K-20K.