Bitcoin being killed by ethereum dump

[BohemianStalker]

What I find interesting:



With 1 BTC you could buy about 0,1-1% of coins like dogecoin,darkcoin in their beginings.

With 1 Btc here you ar buying about 0,00385%

To say that differently . You are trusting ethereum about 30-300X more than Darkcoin in its beginning. Interesting.
Or you could invest in 3000-30000 beginning altcoins.

Dont you think few would made that 10x-100x push?
Those mentioned above did just that.

-------------------------------------------------

Now to bitcoin:

The GREAT transparecy and anouncment of the 4000+BTC dumb just killed 20% of bitcoins price. Thats just fantastical. I love to see this. Propably will go around 480 and rebounce (I love it cause I am gonna buy then) but man. Aint those clowns from ethereum stupid, anouncing the dump and dumping the price on them...

[bittown]

I don't think that ethereum IPO have influenced the bitcoin's drop in value, but I'm still a newbye..

[kokojie]

ethereum is just Ripple scam 2.0, except they are cashing out way earlier than Ripple did.

ethereum founder's new mansion thank you for your donation.

I'm not even sure why centralized shit like Ripple or ethereum can even scam anyone from Bitcoin community.

[Beliathon]

A must read for all those getting scammed into ethereum: http://gavintech.blogspot.com/2014/06/bit-thereum.html

And for anyone who honestly believes bitcoin is being "killed" by this non-factor new altcoin, have a look at the big picture reality:




All of this has happened before, all of it will happen again. And again. And again. And again until fiat no longer exists.

[franky1]

this does highlight one thing.
when someone holds bitcoin due to true value day trading or mining they wont sell at a loss, thus creating a resistance point.. the only problem is when they buy an item 'thinking' its value is on-par with their bitcoin profit, they would spend/sell. yet if that item was vapour product (no cost/no true value) the person receiving bitcoin has no costs to worry about and such would sell bitcoin for anything as its pure profit.

again..
unlike investors who trade bitcoin-fiat who may have bought for over $500, along with miners who have mining costs in excess of $500, these nasty scammy vapour coin makers such as ripple, ether, next, etc. will sell bitcoin for fiat at any price. even below the resistance point of true value day-traders/miners.

so will people stop buying crap or your just ruining the resistance points where smart people refuse to sell for less. dont let the scammy people selling vapour items ruin the price

[giveBTCpls]

Like I said before, biggest IPO in crypto history and correct me if im wrong, but if they do decide to dump and leave it would have certainly an impact on the price, unless they dump slowly.

[franky1]

If you're clever enough to invent Ethereum, you should also be bright enough not to sell your gains anywhere near an exchange.

ether is just an sql database,same as ripple. they have not released the ether blockchain (ETA 2015), so at this point its not that clever. its just greed. today selling a 'promise' / a concept not an actual coin and between last month and 2015 all the buyers have is their name on a sql database.

so these etherium peoples greed, outweigh's any smart's that they may have had, so dont expect them to act rationally.

i too thought they would have done private trades away from exchanges to not impact the resistance point, but their greed has proven me wrong and is damaging the resistance point. the only positive of this is the day-traders buying their sells, wont sell below the $530. so lets hope the etherium greedy B.Stards run out of bitcoin to allow bitcoin to retrace back to the $550+ resistance point

[Beliathon]

unless they dump slowly.

That's what a smart scam artist would do, after letting the hype build up the value for some time. Slowly trickle out your earnings so as to not set off any alarm bells that could slow the tide of profit from morons.

BTW Bitcoin has already begun its recovery from the low point of 525, back near 540 now.

[themasknetwork]

From ethereum TOS :

"....for technical reasons EthSuisse may need to change the annual rate of new creation to a value lower than 26% to account for changes to the Ethereum mining algorithm or to address other issues that may arise. There is no guarantee that this percentage will be accurate or that this rate will continue at the same level....."

Ethereum is not a currency. It's an inflationary fuel with nothing guaranteed.

[tromp]

What I find interesting:

With 1 BTC you could buy about 0,1-1% of coins like dogecoin,darkcoin in their beginings.

With 1 Btc here you ar buying about 0,0000385%

Check your math:

It's a 0.0000385 fraction which is 0.00385 %

[BohemianStalker]

What I find interesting:

With 1 BTC you could buy about 0,1-1% of coins like dogecoin,darkcoin in their beginings.

With 1 Btc here you ar buying about 0,0000385%

Check your math:

It's a 0.0000385 fraction which is 0.00385 %

ah, thx ofc ur right. gotta edit all.

still..a concept iwth eta of 2015 300x more reputable than some most of innovative coins? just crazy in my books

[richwang]

Big fool to attend ethereum IPO

[sumantso]

Bitcoin's price drop has nothing to do with Ethereum. It was on a natural downtrend, and quite likely it will breach $500.

[kokojie]

unless they dump slowly.

That's what a smart scam artist would do, after letting the hype build up the value for some time. Slowly trickle out your earnings so as to not set off any alarm bells that could slow the tide of profit from morons.

BTW Bitcoin has already begun its recovery from the low point of 525, back near 540 now.

Yeah, the ethereum people are surely not wasting any time. Their initial funding drive is barely a week old, and they are already cashing out thousands of Bitcoin.

[BohemianStalker]

Bitcoin's price drop has nothing to do with Ethereum. It was on a natural downtrend, and quite likely it will breach $500.

there is othing like natural in bitcoin world. The price drops are cause by peple and not some inexpplicable events. Ethereum anounced they are gonna dump 5000btc thats buy walls from 535 to 480. And they hold 20 000 more...and they are gonna dump that too..

[profitofthegods]

There is definitely 300 times more work involved in created something like Etheruem compared to Dogecoin, so why not 300 times the starting value?

[counter]

Did Etherium alsways plan to have an IPO?  I just get the feeling they are making alot of decisions at the last minute and that may have been one IMO.

[BitCoinDream]

What I find interesting:



With 1 BTC you could buy about 0,1-1% of coins like dogecoin,darkcoin in their beginings.

With 1 Btc here you ar buying about 0,00385%

To say that differently . You are trusting ethereum about 30-300X more than Darkcoin in its beginning. Interesting.
Or you could invest in 3000-30000 beginning altcoins.

Dont you think few would made that 10x-100x push?
Those mentioned above did just that.

-------------------------------------------------

Now to bitcoin:

The GREAT transparecy and anouncment of the 4000+BTC dumb just killed 20% of bitcoins price. Thats just fantastical. I love to see this. Propably will go around 480 and rebounce (I love it cause I am gonna buy then) but man. Aint those clowns from ethereum stupid, anouncing the dump and dumping the price on them...

Anyone, who have read the Ethereum TOS, knows it is a clear pump & dump scheme relying on a novel idea. The greedy people are gonna loose and the real Bitcoiners dont give a damn to weekly or even monthly fluctuations.

[Wulfcastle]

Can someone give me a link showing that Etheruem just dumped their BTC funds?

[abora]

What I find interesting:



With 1 BTC you could buy about 0,1-1% of coins like dogecoin,darkcoin in their beginings.

With 1 Btc here you ar buying about 0,00385%

To say that differently . You are trusting ethereum about 30-300X more than Darkcoin in its beginning. Interesting.
Or you could invest in 3000-30000 beginning altcoins.

Dont you think few would made that 10x-100x push?
Those mentioned above did just that.

-------------------------------------------------

Now to bitcoin:

The GREAT transparecy and anouncment of the 4000+BTC dumb just killed 20% of bitcoins price. Thats just fantastical. I love to see this. Propably will go around 480 and rebounce (I love it cause I am gonna buy then) but man. Aint those clowns from ethereum stupid, anouncing the dump and dumping the price on them...

Ethereum announcing the dump is only a show off in other to promote ripples, but no matter how they tried ripples can not unseat bitcoin.