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Bitcoin being killed by ethereum dump
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Topic: Bitcoin being killed by ethereum dump (Read 5653 times)
tetrac
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Re: Bitcoin being killed by ethereum dump
August 19, 2014, 04:24:37 PM
#81
Has anyone posted the Ethereum BTC wallet?
spud21
Sr. Member
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Activity: 342
Merit: 250
Re: Bitcoin being killed by ethereum dump
August 19, 2014, 04:39:48 PM
#82
Quote from: tetrac on August 19, 2014, 04:24:37 PM
Has anyone posted the Ethereum BTC wallet?
This guy has
Quote from: TaunSew on August 14, 2014, 03:04:42 PM
https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2
They've split up the transactions into amounts under 1 BTC but they are definitely dumping and I don't mean last week or last month but
now
.
They've fire sold 2500 BTC in the past days. That's a dump.
https://blockchain.info/charts/balance?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2
Look at the numbers on the left side of the graph and then pay attention to the right side of the graph. 2500 coins were dumped since August 10. That's an average of $300K a day. Granted the volume right now is $30 million but most of that volume is day traders and bots. Dumping $300K can create a huge amount of volume when all the day traders and bots react to it, never mind the weak hands.
Djinou94
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Activity: 1036
Merit: 1000
Re: Bitcoin being killed by ethereum dump
August 19, 2014, 05:06:01 PM
#83
Qora dev is a genious
Buy the original one not the fake (Ora, Kora)
Im not impressed by Vitalik, Qora dev is stronger
transient858
Full Member
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Activity: 153
Merit: 100
Re: Bitcoin being killed by ethereum dump
August 20, 2014, 11:05:38 AM
#84
Bitcoin is really over rated if one whale or Ethereum can cause the price to drop this much.
Peer to peer protocol suppose to make it more resilient and anti-fragile. We still have a long way to go apparently.
Justine
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Activity: 169
Merit: 100
Re: Bitcoin being killed by ethereum dump
August 20, 2014, 11:20:03 AM
#85
Quote from: NWO on August 20, 2014, 11:18:18 AM
ethereum reminds me of ripple
Ripple is still on the top 3 spots in term of market cap. While it didn't replace bitcoin, it manage to pull out a lot of money from bitcoin market cap.
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