Bitcoin Forum

ETH, the second-biggest cryptocurrency available for use, has taken a critical turn as of late. As indicated by Vitalik Buterin, the Ethereum (https://www.thecoinrepublic.com/tag/ethereum/) establishment could sell 70,000 ETH over the most recent two years when its worth topped, along these lines bringing about a $100 million liquidity. They were accepted to get sold at $1400 mark. He was in a talk show program with Eric Weinstein, Thiel Capital’s overseeing executive.

He worked together with the ETH rally to gain a few resources for himself and sold a 30,000 ETH, worth $22 million during the most recent year. This has emerged inquiries regarding EF’s thought processes as individuals have the prenotion this is done since they had burned through the entirety of their stores. Yet, Buterin discredited every one of these cases and enlightened that this activity was concerning strategy choice and not because of the absence of assets.

Source: TheCoinRepublic (https://www.thecoinrepublic.com/ethereum-foundation-sold-70000-eth-at-ath/)

Personally, I believe that the Ethereum coin is very popular among all users. And at the moment, we can say that the coin has gained authority and will always be in demand. And now when there are not big problems with raising the course of Ethereum there is a possibility that soon Ethereum will take its course of recovery. And many investors will start investing in this promising coin.

With this news and the big question should be about the transparency of ethereum. I think there was a thread that already posted about this news too but that looks good enough to get more place to discuss.
Vitalik reveals it right now and how about the transparency of the company regarding the pre-mined coin? that must be a very big question that must be answered by them especially vitalik.
But it looks like they were doing it better than another ico that destroys the market in a single big dump with pre-mined coin.
Just feel curious about how much ethereum still remaining in the developer's wallet?

Reading this news, I imagine Vitalik Butt and Charlie Lee dancing on top of corpses. How many uninformed people lost their life savings? They dump it from the pre-mined coin.

It's not cool guys!

I think it was him, Vitalik, who created the strong downtrend of the crypto market in early 2019. He took the initiative to do this and called on many sellers to sell to him. After this news spread, I realized that now there are no more reliable businesses, it's all just a trick of the big fish. I'm quite angry and now I'll just trade and never hold any coins anymore. It's too risky.

Maybe this reason why ethereum never can raise with higher price because Vitalik keep selling ETH with higher amount more than 70,000 ETH, how come to make ethereum become exist coin if owner funny and enjoy with selling their coin and never try to adopt new technology and company become eth partner and make price on higher again.

Somebody already made a thread regarding this news and it is already 2 pages. I think the discussion should be enough to go on on that thread.

 $100 million worth of ETH?  (https://bitcointalk.org/index.php?topic=5209927.0)

Vitalik, now it is time to say where is the bottom. I remember when Vitalik Buterin and Charlie Lee warned community that ETH and Litecoin are overvalued, noone respected them. Now, we waiting for their ideas.  :D

I think that Vitalik Buterin only looks like a person who is not interested in price, but only in technology. in fact, he is very interested and knows when to sell ETH and when to buy. this is a very big problem of centralized cryptocurrencies

Well.. I can't completely agree with your post, but still it makes a lot of sense. If I am not wrong, the Ethereum ICO listed more than 60 million coins in 2015 (more than half of the current circulating supply). IMO, the premine proportion in ideal cases should not be more than 20% to 25% of the total supply. But still, since the investors benefited from the bull run, we can't really complain about it.

Ethereum is still the most underrated alt to be honest.
I's should've been a $500 worth even in this bear market.
It's the most Blockchain that have Dapps on it, real great Dapps.

This whole cryptophere is still so unfair to some great alt like Ethereum. & many others.

Like bitcoin is for crypto, Ethereum is a pioneer for 2nd generation of cryptocoins. This simple headstart would put Ethereum in the prime position for a long time. And unlike Bitcoin's development team, Ethereum has an actively working team and would be able to compete with modern tokens.

If a person know when the time to sell he's certainly can be called as someone who interested in price and he won't even create ETH if it's not for the benefit he will get and no ETH is not centralized crypto but he just got a massive amount of pre mined coin which in my opinion is kinda ridiculous but I can't really blame him.

That's the reality of it all, and it will be really bad if these buyers of these Ethereum who bought on their all-time high, cannot wait for another all-time high, their only hope is another round of it, they have been on a long wait, I hope these developers will double-time to make their coins appealing again to the new people coming in, so another round of all-time high can happen, it's a continuing cycle I guess.

The problem i see why most of the investors of ethereum lost his trust is becuase of too many project created using that platform. If there is many scam project and use eth platform of course it will also affect what people see in ethereum . Even the platform is good but bacuase of many too bad happen it will affect the price of ETH.

They made money at ICO. Now they sell and win. Ico's regulators make great money. Of course I'm not calling that wrong. Vitalik put forward a very good project. The ethereum continues to evolve. Price may increase after new update.

in terms of platform owned by eth it does have a level that is useful for the sustainability of new projects, and for this problem I think their policy to do so hopes not to have a big impact on prices and also people's trust in ethereum

For people thinking that the devs don't believe their own cryptocurrency just because they are selling their own crypto then think again. Ethereum Foundation is a non-profit organization and them holding ETH and selling them no matter what the price is just one of their ways to earn some cash to fund their own projects. I don't see this as a negative news for Vitalik and ETH since they are only just taking advantage of the price that time and I don't think 70,000 ETH can trigger some kind of correction or influence in the market when it happened.

It was a smart way to capitalize on the business, but at the same time, it doesn't look like a coincidence that he sold in the top high. Maybe he knows the dump was coming, or maybe he pas part of the dump by selling those 70k ETH.

We can say ETH was a '$22M in pocket' idea. Smart move from Vitalik.

Vitalik sell eth at the right time in the 2017/2018 era because eth prices at the time were quite high. they managed to get huge profits and could develop projects smoothly. but this kind of news is not interesting to be discussed in front of the undead because thousands of people suffer losses at the moment market conditions like this.

Isnt it a normal thing? dev also wants money for their profit and make the company alive
I dont think this is so bad. all CEO, founder have a right to sell whenever they want
It is very different if they are pure to scam people with shit project, manipulate, or any bad thing
but in this case, it wouldnt happen. it is normal thing IMO

Doesn't surprised me at all, however, this could have triggered or started the massive sell offs around March that culminated in May of 2018. Lots of projects follow suit as well, dumping their ETH pushing the price to go down and started the whole crypto bearish trend. Anyways, it's business, you can't blame Vitalik, at least he has the balls to tell the world about it, although it's kinda late.  :)