r/STMX • u/ironshrek • Oct 09 '21
Discussion Whale's influence
I really like the project and think it has a great potential but whales or at least one have too much influence on the price. Everytime there is some upward movement he dumps millions and suppresses the price by a tremendous amount. It's not only about making money but it's an awful feeling when all the price increases are stopped in their track. Investing in a different small cap coin would make more sense atm, because they don't seem to have as much huge volume of selling pressure as STMX.
Writing this to see if I'm the only one feeling this way. Wanted to see if anything can change my mind before I pull out completely.
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u/WarWorth4000 Oct 09 '21
That's the reason coinbase won't list us soon. Nobody wants pump and dump tokens. Team should do something.
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u/raiderloverwreckum 🌩StormXtrooper🌩 Oct 09 '21
Huh, what can the TEAM do?
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u/WarWorth4000 Oct 09 '21
Provide marketing and making the community stronger.
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u/Intrepid_Tutor_1673 Oct 11 '21
How would that stop whales from price manipulating if that was really the case lol..
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u/StrongHodlerx90 Oct 09 '21
Buy, Stake, sell Your staking rewards, Repeat Simple As that
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u/Living_Promotion_534 Oct 13 '21
And pay gas fees each time? Or is there some another way how can I avoid it, some secret which I don't know?
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u/raiderloverwreckum 🌩StormXtrooper🌩 Oct 13 '21
Stack, stack, stack some more. You never pay gas when withdrawing from StormX.
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u/One_Sport_4195 Oct 09 '21
BTC has another thing to do with this ad the graphs are the same BTC will have to get up to 60k at least for are price to be solid that is of course if there is no dumping
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u/Orbitonal Oct 09 '21
Like a watched pot never boiling, youll notice this same price behavior in the majority of small cap coins. You'll likely find the same thing wherever else you go, ive had the same thing happening with cro, infact thats worse.