You know something is always up when newb members try to bash a coin (or stock) on the forums..
What about hero members?
I think what ETH dev is doing is a complete disgrace, and he will continue to show his true thoughts on his OWN PRODUCT by doing things such as this...
Answer me this...If he thought his coin was so great, why in hell would he dump such amounts at once? To me the answer is obvious...
he lacks faith in his own project.Have fun and make money while you can with ETH, because the dev has already shown us where he thinks it should go... (insert DUMPster joke here, *badoom doom, tish*)
IMO - Don't get stuck holding the bag, get out while you can.
Haven't we all figured out that premine and IPO are things that coins do when they're not planning on being legit? Sure there are the rare few, but isn't it wiser to judge on the majority?
If you're interested in one that has followed all of the correct ways of doing things from the beginning, shown true innovation, and has broken multiple (and will continue to break) world firsts, there's a hint in my signature as to where to look...
Be ready, that's all I have to say. The truly good projects are soon to come to the top where they belong.
Doing things the right way takes longer to get you rich, but in the end you still end up with a solid reputation... (Which to some people is more important than instant money.) Doesn't the saying go something like 'it goes as fast as it comes' or something along those lines? That one always rang true to me. Just sayin'.
Hopefully I'm wrong and the dev just had to pay some really large power bills, right? Maybe.
Would love a counter-argument here, if only for shits n grins. Carry on...
No counter arguments, obviously.
To samspaces :
Sorry. Some of us have lives and don't eat and breathe BITCOINTALK.. LOL
To crowetic :
Thanks for putting an actual well written post in this thread about it, with some actual thought put into it. :-)
About his 25% dump, we can not complain about as it is his decision. What if he had some bills? Even if not, what if he wanted to enjoy some $$ for his heard work with this project? I do the same. Liquidate enough to make me comfy and hold the rest. Nobody has the right to complain nor know his life/situation. What if he borrowed a large amount of $$ from a local loanshark who (in RU) WILL go after him and his family if not paid up? You never know.
Most of us people in the world are not happy with the status quo and want more, better, faster, etc.. So If I have a chance to make $$$ on selling a large chunk of my investment, let it be.
People should not get all caught up in the emotions of stocks or crypto.
I am not saying buy everything and hold forever, but even Bitcoin had the same type of ups and down over the years and I just found it funny how most the panickers and people calling for the TEOTWAWKI (Regarding eth) are newb accounts. I see this all the time with altcoins on the exchanges and forums as well as OTCBB Stock forums. It's all BS, all the time.. Nobody other than maybe a deity will try to 'Save you' from an investment decision, on a forum most of all. LOL
And finally. Let's just see where it goes. What people seem to 'forget' is how ETH went from a little over $2 to $15 and even now still over $7 within less than 2 months?
Okay, we can go with this as a reasonable enough reason for now, though I still think that a dump of that size isn't ever necessary. All it does is lead to lesser respect for the dev, and lesser support for the project overall... in my opinion that is...
Also, if he had to do that for bills sake, seems an awful lot of non-thinking-ahead going on. But maybe, I guess.
As far as cashing out some to take some earnings... sure... but did it need to be done all in one big dump? To me, if I am doing the same, I am doing it in smaller chunks, just as if I were to buy the same asset. This would be with thinking in means of long term for my project, and also for the fact that I wouldn't want people to be thinking anything like the inevitable when things such as this happen.
Though, I still disagree with the whole premise of premines and IPOs anyway, that just isn't how I believe it should be done, but you know, hopefully this case proves me wrong in my thinking, you never know!
Thanks for the well thought out reply as well. Good to see some people still enjoy the good ol art of discussion in a place designed specifically for it, as opposed to randomly running their mouth and doing nothing but making themselves look foolish.
This, however, doesn't change my opinion on the project as a whole, and IMO there's been something strange about it since the beginning. But you could just call that a hunch, and by no means does that mean anything to anyone unless they make it so.
