Bitcoin Forum

EOS recently dumped lots of ETH. You guys think maybe they are trying to damage them and looking to show the community that they will be the better alternative? Or maybe theyre just paying wages who knows  ;D

How does they dump ETH? Isn't that might lead to the rise of ETH popularity just because more people may afford buying it when ETH cheaper then before?

If they really have dumped lots of ETH, I think it would be a bad move to buy their coin at the moment since times like these are the most common reason for mistrust in team. I guess if they left some ETH behind(if it is above 30% of what they have recently), then they might not abandon the project just yet. Always be watchful in their movements though as they can abandon it if they dumped a lot of ETH from their address.

Make sense that they will start liquidating ETH towards their mainnet launch.
They will need to fund things, marketing, scaling things up, and etc.

I do not know why today's entire market goes up but only ETH is down. I do not understand the reason why and you say the EOS dumping team ETH, you have evidence to confirm this is true? can you tell me

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It can only be good if many people are waiting down there to pick up the dip, other than that I don't belive they can crash market that much as they honestly don't hold any large amount that could tank the price like 40% or so.

The goal of EOS is to create a blockchain app that can subvert the ether.

The EOS application will be launched on June 1, 2018, and now their team is selling ETH, perhaps the signal that EOS will soon be tested!

Most likely the author has in view of that One project sells the tokens for the Ether, and the ether sells for dollars, the superfluous offer generates sharp and uncontrollable falling of the price. We are now observing this picture, there is nothing critical or supernatural in this simply a transfusion of one into another.

Dumping ETH? In my own view, i do not think they are helping EOS by dumping eth, because that will not only make ETH more available to other investors and holders, but it will make it a better option with more potentials. As for more, i will always prefer ETH over EOS for so many reasons. I am a holder of ETH. I believe virtual every investor will always for for Ethereum.

Where do you hear this news? There is nothing to prove it is true. I think the EOS team why do this?

Well, now EOS is a direct competitor of ETH and it was expected.

Still, ETH will remain the more powerful smart contract platform. The best option is to have both in the portfolio.

I doubt that one team dumping ETH can do much damage to ETH value especially for its acceptance by main stream tech companies ;)

https://twitter.com/claptrapxl/status/975380553653370880

They're not making themselves look any better than the competition as they're liquidating ETH (the competition) to "fund their project" (a bit ironic, isn't it?), but they're also dumping (and most likely planning to dump more in the future) to crash ETH...that's not how you show the community that you're the better alternative.

still, $200m is way too much.

Found this screen on Twitter recently. I wonder how much ETH would dump if those projects started liquidating their bags.

https://i.imgur.com/rdsTuH0.jpg (https://imgur.com/a/TVddL)
ETH price is a lot lower atm.

Well, lets be honest, how many people will know EOS is behind that crash? Sure some people might, but there will be a considerable chunk of people who wont and they might choose EOS in the future instead

That might be the reason why etherium goes down.
If so, it will be just temporary run and will be back to normal soon.
Though eos try to dump etherium but its not so much amount so i am not worry about that.

Really? They are confidently to challenge ETH? But i dont think they could beat the ETH. What's more, i think they hardly win the NEO, and i think the ICX has more potential than EOS.

They have to dump their ICO winnings at some point, pay the workers, marketing...

Who will be the next? There are a lot of ICO that have huge quantity of eth on their balances) Children ICOs will kill their farther ETH together;)

ICOs that take payments in ETH do tend to sell large quantities of ETH too, it's just what happens. Crypto is volatile, and it makes sense to have (at least some of) your budget in dollars. For the same reason that although I love crypto, I do at the moment need my salary to be paid in fiat because the real world demands on me are also in fiat. It's just how it works, and will be until crypto reaches maturity and stability.

I do not think it is a good time for EOS to challenge the ETH since EOS is not strong enough. As we know, ETH is mainly used to buy ICO tokens, and many ICO project use Etherium network to release their tokens, EOS is not so popular.

Maybe they're cashing out because they're actually promoting a scam coin? I would think that many of their employees would be paid directly in crypto, so I can't see any reason they would need to cash out such a large amount at once unless they're trying to exit scam. Or perhaps they just need some fiat to onboard some new talent, or get listed on some exchanges.

Expected from what? Dude, you can quick clip that, and I can say that this is how eos team is defined as ethereum killers. Raised a lot of ethereum amounts in the crowdsale and then just dump them all without doing anything to prevent the market from crashing.

EOS is full of speculation from those are saying that as a future of ethereum killer but remember if ethereum doesn't need billions worth of money just to create smartcontract as own idea.

Well, all we are just basically doing here is to speculate without any single proof of EOS team dumping ETH for real and even if they have decided to dump ETH for EOS, it is their market and they can decide to do whatever they like to get the coin supported, and I believe ETH is strong enough to keep itself going. However, I do not see how all these actually sum up with what is going on in the market presently, and I may be wrong, but it does not seem like real news.

What makes OP thinks that the EOS team is dumping ETH. At least even if he is trying to share something he must have read somewhere which to me is more of fake news, probably next time, he should share the source. The whole market is in correction, it is not the first time, and it would not be the last, so looking for reasons for that is absurd.

Yep, yesterday, I also heard about that, but EOS didn't admit that they do that. But if you look at the ETH's price go down while entire market go up, you can realize something unusual, and I think this information is a real

Can not EOS crush Ethereum, I do not argue that this is a good project, but the glory of Ethereum, he does not win. On it you can make good money and in the future there can be good ICO on their platform, but it will not be better than ETH

As a trader, I care less about this as EOS cannot at the moment out-compete the Ethereum blockchain. Both can co-exist in my honest opinion and without trying to undo the other.

I do not even see how they want to achieve that, and even if they are doing these, and have decided to go all in to support their coin, then who are we to hold anyone ? It is a free market.

However, I do not see this to be true as the Op did not even bother to share any link and most especially the fact that there is really not much of a serious rally in EOS price. The whole market has been down, so why would anyone be giving us the EOS trying to boost their market kind of news by dumping ETH? It does not add up at all.

This cannot be true as EOS team never came out themselves to say this and apparently, anyone could have just come up to make this up. Even if this is the case and ETH gets dumped, then we will pick the low value like you said, but the ETH market is a huge one on its own, and I do not see how EOS whatever, as claimed by the OP will have any effect that much on ETH or create that sort of perception for investors. Also, it is not like EOS itself is doing that pretty good in price lately.

Always competitions are going everywhere but we do notice it only drastic changes are occurring. Situations may change and we traders do forget when ethereum gets better prices. It happened in past so why not in coming days.