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Title: Ethereum still has 27k more coins to dump! Post by: falllling on September 03, 2014, 02:31:10 PM Ethereum recently dumped only 3.7k bitcoins, they still have 27k coins waiting to dump, guess how low the price will be when they eventually cash out?
Ethereum wallet: Saldo Final 27,791.79039551 BTC https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2 Last transaction was 19 days ago Quote https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/ Announcement on planned withdrawal from exodus we intend to soon make a transaction to begin using the funds to repay loans and kickstart the process of setting up our development hubs and expanding our staff. We have made a commitment to be highly transparent about how we spend the funds, and that is a commitment that we intend to live up to; to that end, we have already released an Intended Use of Revenue chart and a roadmap to show how we intend to spend the BTC. More recently, the community has followed up with a wonderful infographic on CoinTelegraph using the information that we have posted. Now, we intend to release some additional information about the nature of our first withdrawal transaction Title: Re: Ethereum still has 27k more coins to dump! Post by: w4ssop on September 03, 2014, 02:34:46 PM If they will sell all those coins at once the price will fall under $100 but I doubt they want to lower so much its value.
Title: Re: Ethereum still has 27k more coins to dump! Post by: datehunter on September 03, 2014, 03:17:23 PM They should be holding their coins because the next year will be worth ten times the actual value according to the charts.
Title: Re: Ethereum still has 27k more coins to dump! Post by: JessicaSe on September 03, 2014, 03:38:16 PM They should be holding their coins because the next year will be worth ten times the actual value according to the charts. Really? I trust bitcoin more then ethereum... Title: Re: Ethereum still has 27k more coins to dump! Post by: derpinheimer on September 03, 2014, 03:43:52 PM What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell?
Title: Re: Ethereum still has 27k more coins to dump! Post by: addroup on September 03, 2014, 03:46:31 PM What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell? Maybe they won't sell all the coins but probably they will sell some more to cover the expenses and do some nice holidays... Title: Re: Ethereum still has 27k more coins to dump! Post by: JimboToronto on September 03, 2014, 03:49:27 PM What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell? https://www.ethereum.org/ Presold ethers for Bitcoin. Converting to fiat. Title: Re: Ethereum still has 27k more coins to dump! Post by: derpinheimer on September 03, 2014, 03:57:00 PM What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell? https://www.ethereum.org/ Presold ethers for Bitcoin. Converting to fiat. http://i.telegraph.co.uk/multimedia/archive/01237/ummm_1237346i.jpg How the hell did they get 30k bitcoins? Title: Re: Ethereum still has 27k more coins to dump! Post by: howareyo on September 03, 2014, 03:58:41 PM They have earned so many bitcoins with an IPO and the ethereum wallet isn't working yet?
Title: Re: Ethereum still has 27k more coins to dump! Post by: JimboToronto on September 03, 2014, 03:59:10 PM What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell? Maybe they won't sell all the coins but probably they will sell some more to cover the expenses and do some nice holidays... I heard Vitalik Buterin speak last January at Decentral and trust me, the kid's a genius. If the other members of the development team are anywhere close to being as smart as he is, they'll liquidate their bitcoins with minimal slippage. Title: Re: Ethereum still has 27k more coins to dump! Post by: adamstgBit on September 03, 2014, 03:59:15 PM What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell? https://www.ethereum.org/ Presold ethers for Bitcoin. Converting to fiat. http://i.telegraph.co.uk/multimedia/archive/01237/ummm_1237346i.jpg How the hell did they get 30k bitcoins? ethereum, should be really big coin... i filled my boots... Title: Re: Ethereum still has 27k more coins to dump! Post by: arbitrage001 on September 03, 2014, 04:56:48 PM What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell? Maybe they won't sell all the coins but probably they will sell some more to cover the expenses and do some nice holidays... I heard Vitalik Buterin speak last January at Decentral and trust me, the kid's a genius. If the other members of the development team are anywhere close to being as smart as he is, they'll liquidate their bitcoins with minimal slippage. Would be foolish to trust a kid with 27k btc regardless if he is genius or not. Beside, the world is fine being run by monkey and never has the world ever being run by a genius. Title: Re: Ethereum still has 27k more coins to dump! Post by: AirC on September 03, 2014, 05:11:33 PM Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..
Title: Re: Ethereum still has 27k more coins to dump! Post by: atleticofa on September 03, 2014, 05:12:57 PM I'm tired of Falllliing, ignored from now.
Title: Re: Ethereum still has 27k more coins to dump! Post by: Justine on September 03, 2014, 05:18:47 PM Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD.. You are right. But dumping 25k in a day or two will drop the coin BY at least $100 USD. Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity. Title: Re: Ethereum still has 27k more coins to dump! Post by: bonipper on September 03, 2014, 05:19:41 PM What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell? Maybe they won't sell all the coins but probably they will sell some more to cover the expenses and do some nice holidays... I guess they have a lot of expenses to cover. They are renting out offices, employing people and travelling round the world. No doubt they will also need wages for themselves while they develop the project. Title: Re: Ethereum still has 27k more coins to dump! Post by: sgbett on September 03, 2014, 06:12:02 PM And lattes! ;D
Title: Re: Ethereum still has 27k more coins to dump! Post by: DubFX on September 03, 2014, 06:16:27 PM Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD.. You are right. But dumping 25k in a day or two will drop the coin BY at least $100 USD. Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity. Title: Re: Ethereum still has 27k more coins to dump! Post by: bonipper on September 03, 2014, 06:19:23 PM The last time the ethereum team dumped some bitcoins they announced their intentions beforehand. If they make another dump announcement I expect bitcoin's price will suddenly drop.
Title: Re: Ethereum still has 27k more coins to dump! Post by: falllling on September 03, 2014, 06:20:36 PM I'm tired of Falllliing, ignored from now. you must be tired of facing reality too, sorry but bitcoin has to suffer all this shit and go down :) Title: Re: Ethereum still has 27k more coins to dump! Post by: falllling on September 03, 2014, 06:22:11 PM Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD.. You are right. But dumping 25k in a day or two will drop the coin BY at least $100 USD. Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity. correct Title: Re: Ethereum still has 27k more coins to dump! Post by: DubFX on September 03, 2014, 06:43:22 PM Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD.. You are right. But dumping 25k in a day or two will drop the coin BY at least $100 USD. Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity. correct Title: Re: Ethereum still has 27k more coins to dump! Post by: InwardContour on September 03, 2014, 07:07:29 PM Why they should sell all their bitcoins, in this way their capital will be worth less due to the decreasing btc price.
Title: Re: Ethereum still has 27k more coins to dump! Post by: minerpumpkin on September 03, 2014, 08:15:56 PM I really don't think that the Ethereum dump caused any of this. If they decide to dump their coins, so be it. Won't hurt the price that much. If they really are in for the long run and still are Bitcoin enthusiasts, they'll keep most of their coins and wait for better days to sell them off!
Title: Re: Ethereum still has 27k more coins to dump! Post by: jbrnt on September 03, 2014, 08:23:18 PM Wow, so much bitcoin into an alt presale. Don't know much about this Ethereum, worth a look I guess, but probably won't buy any.
Title: Re: Ethereum still has 27k more coins to dump! Post by: bonipper on September 03, 2014, 08:26:17 PM Wow, so much bitcoin into an alt presale. Don't know much about this Ethereum, worth a look I guess, but probably won't buy any. You might be able to buy them at cheaper prices on the market than people paid for them during the IPO. Title: Re: Ethereum still has 27k more coins to dump! Post by: ensurance982 on September 03, 2014, 09:00:16 PM Wow, so much bitcoin into an alt presale. Don't know much about this Ethereum, worth a look I guess, but probably won't buy any. It effectively isn't just an alt coin. It's some sort of commodity/coin/whatever that get consumed if you buy something with it. It can be used to buy certain services if you will. Although I gotta say I'm no expert and may not even have gotten the concept completely right :D Title: Re: Ethereum still has 27k more coins to dump! Post by: RodeoX on September 03, 2014, 09:04:26 PM So your saying they are almost out of coins? BUY BUY BUY!!!!
Title: Re: Ethereum still has 27k more coins to dump! Post by: Octavius on September 03, 2014, 10:35:39 PM Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD.. You are right. But dumping 25k in a day or two will drop the coin BY at least $100 USD. Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity. That's why they can't dump right now, they are blocked. Just try to dump 1000 btc right now and see what happens! but they are not the ones, there are other whales who want to cash out and they also blocked with these low volumes (take a look at pumps and dumps right now). Title: Re: Ethereum still has 27k more coins to dump! Post by: giveBTCpls on September 03, 2014, 11:03:12 PM Lower price only means bigger players getting in. Overall picture = headed towards ATH.
Title: Re: Ethereum still has 27k more coins to dump! Post by: jaberwock on September 03, 2014, 11:13:35 PM Won't be worse than the mr 102 event, or when someone dumped a fuckton of coins on Gox, enough to fill all buy orders. Both situations the price returned back to normal in little time.
And they don't need to dump to crash the price, only the fact that they have such ammount of coins will be enough to scare people and drop the price :( Title: Re: Ethereum still has 27k more coins to dump! Post by: jjacob on September 04, 2014, 12:24:17 AM It is not going to be one big dump. It is going to be a slow process, grinding the price down (or at least preventing it from taking off)
From the ether genesis sales terms and conditions document It is possible that the value of BTC will drop significantly, depriving EthSuisse of sufficient resources to continue to operate. In order to guard against this risk, EthSuisse intends to periodically convert proceeds from the sale of ETH into fiat. |
