You seem pretty happy that the top wallets are accumulating
. Remember why the coin went from 500-600k to 90k in like 5 minutes ? The last thing i want to see is a horrible coin distribution and the top 10 getting bigger and bigger.
Yes my friend
I feel great that the top wallets are accumulating. There have been several, SEVERAL mini pump and dumps like today's, but I notice one thing: top 10 rich list has always been around 30% been 31 to 33 the last week. That shows me that the top holders are accumulators and true supporters--
some of them post here and have admitted to being there.
I also remember the day you mention. Lets analyze that day shall we?
1. The coin was pumped by whales, the very same ones that were mining it like hell. The
amount of GH for X11 was unprecedented at the time, so naturally XC got the tweeterers' attentions as the next pump coin.
It was hyped for its anonimity feature.
2. The
same day(s) darkcoin was implementing their own RC release.
DKR forks. Many clever traders thought about spreading their portofolios into the newly found XC coin. The most volume trading that day was XC and DKR so it was inevitable,
it was ALMOST bullet proof: by concentrating on XC and DKR alone, you COULDN'T possibly lose money, cause they were just getting all the volume. And chaos ensued.
3. Most traders/newbies followed the DKR dump AND XC pump.
This no normal pump, it was super pump. To put it to perspective (to newbies/new members), the razor pump the other day would just
tickle XC's pump if they were ever pitted against each other. We are talking from 5k sat to 450k in a day.
4.
So, what comes after a pump? A dump right? Not for XC. It just kept riding the stars. People were TRYING to dump but price kept going up. DKR had dropped from 16 $ to around 8 $ , and XC pumped from mere cents to 2,7$, it was a direct capital transfer from one coin to another.
5.
Then came the DKR FUD day. Trolls were strolling around the topic since day 1, but the skies turned red when a troll posted some "fedora" coin anonimity feature which ,as claimed,XC had used into its source. The truth was that there seemed to be some kind of fedora mention in code, but it was something like a comment, doodles, nothing of implication to the main coding of the coin, proved by many experienced and knowledgeable users. A tweet from the main DKR account was enough to light the sparkle.
The dump that was never supposed to happen, one that only the likes of bitcoin itself had ever seen, began. Price dived, and many, many people lost investments they should never have.
Yes, price would be corrected, yes people would eventually dump large sums, but it was clear that this was no regular p&d coin, and it was never supposed to drop like that.
So the biggest holders right now quite possibly profited from that exact time, they probably mined 10-50k coins, bought more before pump, they dumped at 400k, then bought back at 80 to 100k sat.
And that is how I met your XC (chronicles), kids.
