Waffle pool really attacking white coin, dumping harder than ever. They have 5.5 million coins now. Price will remain low for awhile, at 1078 satoshis now.
You mean they're actually generating coins faster then they can dump?
That would not surprise me at all
Thank wafflepool for the cheap coins though. mfw I ain't even mad.
I can't thank waffle when my investment loses value everyday. That's not cool. I am not panicking by any means, but if you buy and the price drops it kind of sucks. Reference all of the posts where people were calling bottom at 1500, 1400, 1300, 1200, etc... Those people bought in, and their investment is worth less because of waffle.
Reference all the posts where people were saying to wait and it might even go down to 700. I honestly wouldn't even be worried if I had bought at 2200. I have been spreading small buys from 1600, anything below that I consider a bonus.
This has been our strategy. We started buying at 1100, and bought increments up to about 1800, saw it go to 2500, now around 1000, we are continuing to buy. At the moment we've accumulated just over 1 million WC.
Will be holding!
I agree people are far too impatient. Honestly it's just most people are not seasoned investors. They think big gains RIGHT now!
But you average in, on ups and downs. Then hold.
Big news is abound for WC over the next week. I have no doubts the coins we bought even at 1800 will be profitable. Just be patient and keep buying in steps! Sell once you have doubled your investment.
PS. My guess is the whales that have been manipulating WC price downward with sell walls are going to make out like bandits. Volume is still incredibly high... #3 on Mintpal. I think that's what most people don't realize, is that yes the price is down but there is a LOT of buying happening... Make no mistake those buyers know exactly what they are doing.
I wish a 10 BTC holding of WC made me a whale, but let's be honest I'm still a small fish.
I'd keep your eye on this coin.
Strato
