[CRITICAL] Whitecoin - If You Own WC - Read This

[Stratobitz]

I believe in WC and am currently holding my coins, not selling.  However, the new wallet will likely be released within hours, or any minute for that matter. WC holders need to be aware:

All transactions of WC in and out of exchanges has been halted for 36 hours.  Meaning the only ones trading are people who already had their coins in the exchange.

The SECOND the wallet is released and WC holders can transfer their coins into the exchanges, there will no doubt be a massive, massive influx of coins hitting the market.

The buy support is already thin.  I ran these estimates on BitcoinWisdom using the trade estimator. Be aware of this folks!

If we see at 15 Million influx of coins to Mintpal, the price to liquidate those will drop to roughly 611, based on current buy orders.  In all likelihood the price will drop lower, as buyers seeing the drop will pull their buy orders expecting a lower price. 15 Million WC is only 5% of the Market Cap.

If we see 30 Million coins, or 10% of the market cap hit the market, in order for those buyers to sell the price would crash to 98. That's right- 98.

I am willing to bet that only a very small percentage, perhaps 20% or less, is actually in the exchanges at the moment.  Meaning 80% is in lockdown, and as soon as the wallet is released no doubt a lot of nervous traders will be moving their coins to sell. I don't feel my predictions, or estimates of 5 and 10% are overstated. They could very well be underestimated and the fall out far worse.

I am not posting this to cause a panic.  But panic and massive sell offs as soon as the wallet is released is very likely to happen, I just think everyone should be aware of what we are likely to see this morning.

The price will hopefully recover as the development team has been and will be hard at work fixing the bugs and promoting this coin.

But an exodus of mass proportion is on the horizon. What you decide to do is up to you.

Me? I think I may just log off for a few days... And try not to watch. Although I doubt I'll be able to have the willpower to do so.

Strato

[TTM]

Why don't you post this on WC thread, what's the purpose of new thread ? promotion ?

[gentacomp]

Me and friends will not dump YET. But we already set SELL 10k~30k satoshi since days ago and still waiting until its sold...
Cheers...

[Stratobitz]

Me and friends will not dump YET. We already set SELL 10k~30k satoshi since days ago.
Cheers...

Myself included. I'm meerly saying the seatbelt sign has been turned on. Turbulence ahead. Flight attendants included.

[amit2007gunjan]

Why don't you post this on WC thread, what's the purpose of new thread ? promotion ?

I think this post will only feed panic. So the purpose is destructive rather than constructive.

[Bitcoin_Mafia]

I'm holding mine. And if a mass exodus does occur? I guess I'll be picking up some more WC on the cheap

[powersup]

Why don't you post this on WC thread, what's the purpose of new thread ? promotion ?

I think this post will only feed panic. So the purpose is destructive rather than constructive.

+1

[Jicenter]

Why don't you post this on WC thread, what's the purpose of new thread ? promotion ?

I think this post will only feed panic. So the purpose is destructive rather than constructive.

+1

+1

[Stratobitz]

Why don't you post this on WC thread, what's the purpose of new thread ? promotion ?

I think this post will only feed panic. So the purpose is destructive rather than constructive.

Panic will occur when the coins start flooding in for sale.

I'm simply letting WC holders know, so they understand WHY.

There's been so much disinformation spread the past 48 hours about Whitecoin. People are already confused as to what is going on.

New Dev Team has taken over.  New Wallet currently being tested and near release.

I'm holding. I hope others will follow. But be prepared for many who won't.  Just know we can ride it through.

Strato

[Stratobitz]

I'm holding mine. And if a mass exodus does occur? I guess I'll be picking up some more WC on the cheap

+1

[kernels10]

I'm holding mine. And if a mass exodus does occur? I guess I'll be picking up some more WC on the cheap

Agreed.

[Stratobitz]

In addition, WC haters have been spreading mass lies the past day and a half in the forums. The coin dropped to 550, recovered to 690- which is when I published my on the subject.

It then went on to top out around 1085.

With an inevitable sell of looming, more lies and FUD will be spread. People need to know the truth.

Strato

[CryptoSEO]

Holding is the way of the Jedi
Selling is the draw of the Darkside

Not worried with this one the force is strong 

[gentacomp]

Not to mention volume more than 1000 BTC on mintpal...

[Stratobitz]

Looks like wallet release has been confirmed by dev team. Sometime today.

[surfguy72]

+1

[niothor]

Reading this I can only find one reason for this post.... small scale China FUD version for WC.
Besides , this is the wrong subforum.

[worldhello]

I'm holding mine. And if a mass exodus does occur? I guess I'll be picking up some more WC on the cheap

Agreed.

agreed too..

[k!lowatts]

so prices may go down further? better wait for that incoming dumps 

[doris]

“There was a successful double spend attack on WhiteCoin,
so we have taken the market offline and stopped deposits and withdrawals.
Please do not do any WC transactions right now.”