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The faster the price rise, the more people register for the airdrop, the faster the address #1 will run out of BTX.
The more we get a steady and healthy growth, the more registered addresses are own by early BTX adopters, the longer the time it will take to empty address #1, the more we all are going to be able to accumulate BTX!
I can not agree more than that.
+1, I too agree 100% on that. Additionally, I would guess that the recent drop of the price may have been caused by BTC holders/whales who have dumped their BTX which they have got through the airdrop because they don't want concurrence. I would stop giving to these people tons of free coins to dump - only BTX holders should get the airdrop from now on, and be sure the price would soon moon.
We all agree with the bolded
If you look at the order book and charts, u will see that only ONE entity/person is selling or dumping thousands of BTX coins several times a day.
This could be an early investor, whale, dev or even a hacker who has gotten their hands on a lot of BTX. They have caused a huge reduction in price alone.
It is not many people disappointed and selling as you could tell from the charts, look at the spike in volume on the 15 min charts on cryptopia.
Who do u think it is and why? Someone check the code to make sure everything is great.
This could be a confirmation of the thesis that some BTC whale is now dumping his huge stack of BTX that got from airdrop. If the devs keep this BTX for BTC distribution model, this might happen again and again. In fact, if BTC whales want to avoid any concurrence from BTX, they just have to take their free BTX and dump them so as to kill the price. I think the devs should start a policy to give the coins to those who lije them, not to those who do not like them!
Coins have already been burned to BTC addresses. IF you invested in this coin you knew what the distribution model was.
I dont think you are right about the BTC whales. They could have trashed BeeCash, BTG already. We are not that special (yet) to be target for whales.
Then the question arises WHO the hell is this single person/entity who is dumping every day thousands of coins, and he alone is clearly responsible for the correction of the price. Where did this guy get all his coins from? If he had bought them he would not sell them at a loss by crashing the price, he would sell them slow cashing out sooo much more.
