Ethereum KILLING BITCOIN!

[Riddikulo]

The bitcoin it`s going down cause the Ethereum team it`s dumping all the BTC! They dumped 1,150 bitcoins 5 days ago when the price was $590, 1,350 3 days ago when the price was $550, and now they have dumped 1,237 more TODAY when the price was $510, that`s why we went down 500usd and we are going to $450... Fucking Ethereum, stop killing the bitcoin.

https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

[1714094329]

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[1714094329]

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[1714094329]

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[1714094329]

1714094329

[tutkarz]

Selling is not the problem, problem is there is not enough buyers yet. But it will change. Don't worry

[lenny_]

Bitcoin price doesn't matter. Bitcoin protocol works regardless if price is one dollar or thousand.

[cypherdoc]

it's ok, altho i do agree their selling is hurting the price.

this is how coins get distributed.  the further the better.

unfortunately, i think Ethereum is a big failure.  even worse than an altcoin that would at least have it's protocol already coded and a clear decision made on mining.  lots of ppl are going to lose money on that one.

their biggest failure is Vitalik's lack of vision and failure to understand economic motives and reasoning.  all that naivete will be built into Ethereum's protocol as we see with their leanings toward scrypt mining.

[adamstgBit]

Bitcoin price doesn't matter. Bitcoin protocol works regardless if price is one dollar or thousand.

bitcoin may be a honey badger, but most people aren't. price matters.

[Hyena]

it's ok, altho i do agree their selling is hurting the price.

this is how coins get distributed.  the further the better.

unfortunately, i think Ethereum is a big failure.  even worse than an altcoin that would at least have it's protocol already coded and a clear decision made on mining.  lots of ppl are going to lose money on that one.

their biggest failure is Vitalik's lack of vision and failure to understand economic motives and reasoning.  all that naivete will be built into Ethereum's protocol as we see with their leanings toward scrypt mining.

for some reason I support your hostility towards ethereum. it seems like a couple of good programmers feel butthurt for not inventing bitcoin themselves and now they want to compensate by "making it right". this is a common pitfall of a typical programmer --- they get idealistic and want to make the ultimate platform for everything. while great in theory, in practice they soon discover that for some reason people don't give a fuck. People are happy with IPv4 and no one gives a shit that conceptually IPv6 is so much better.

[Ayers]

so the mini pump to 600+ was because the buyers who bought ethereum? if is this the case, then it will return to the value before that pump, nothing to worry about

[Capt Drake]

Bitcoin isn't being killed, just because at the time we are seeing the chart, the price is going down doesn't mean much.
Look back at september 2013, the price was falling too, with a flash crash too, and look back at many days that everyone was saying that bitcoin was dying.

This is now, tomorrow will be a brighter day.
It's always darkest before the dawn.  

[elebit]

They dumped 1,150 bitcoins 5 days ago when the price was $590, 1,350 3 days ago when the price was $550, and now they have dumped 1,237 more TODAY when the price was $510, that`s why we went down 500usd and we are going to $450...

How do you know this? Is the address they're sent to a known address of a trading site?

[Riddikulo]

They dumped 1,150 bitcoins 5 days ago when the price was $590, 1,350 3 days ago when the price was $550, and now they have dumped 1,237 more TODAY when the price was $510, that`s why we went down 500usd and we are going to $450...

How do you know this? Is the address they're sent to a known address of a trading site?

They admit the needed of selling bitcoins till reach 3 millon USD. So there`s a lot of dumping incoming.

[MNDan]

Just a couple of thousand more then - not bad.

[Painful Truth]

Bitcoin price doesn't matter. Bitcoin protocol works regardless if price is one dollar or thousand.

bitcoin may be a honey badger, but most people aren't. price matters.

Touché.

But people cannot complain about not getting cheap coins anymore. Now is their chance.

[cypherdoc]

They dumped 1,150 bitcoins 5 days ago when the price was $590, 1,350 3 days ago when the price was $550, and now they have dumped 1,237 more TODAY when the price was $510, that`s why we went down 500usd and we are going to $450...

How do you know this? Is the address they're sent to a known address of a trading site?

They admit the needed of selling bitcoins till reach 3 millon USD. So there`s a lot of dumping incoming.

insiders cashing out.  

and yet no code, or even a set strategy on security. what a crock a shit.

[haploid23]

Are they based in New York? If not, they at least should have waited to trickle their dumping. I'm pretty sure the BitLicense is hurting the price more than Ethereum's dump.

[cypherdoc]

Are they based in New York? If not, they at least should have waited to trickle their dumping. I'm pretty sure the BitLicense is hurting the price more than Ethereum's dump.

yeah, that too.

but Bitcoin pretty much grew up w/o NY's help or support.  i don't see why that can't continue.

[Torque]

MUAHAHAHAHAHAHAHAHA!!!  This is hilarious and ironic!!!  People were SOOOOO worried that the winner of the SR Auction was going to dump thousands of coins on the exchanges and crash the price.  Apparently because he was not "one of us" and was just out to make money.

Now the irony is that hundreds of altruistic bitcoiners invested millions of dollars worth of bitcoin into a complete vaporware alt coin company, and now it's THEM that are dumping thousands of coins on the market and crashing the price.

Serves all you fucking retards right for believing in such stupidity.  

Neo & Bee much?

[Newbie1022]

MUAHAHAHAHAHAHAHAHA!!!  This is hilarious and ironic!!!  People were SOOOOO worried that the winner of the SR Auction was going to dump thousands of coins on the exchanges and crash the price.  Apparently because he was not "one of us" and was just out to make money.

Now the irony is that hundreds of altruistic bitcoiners invested millions of dollars worth of bitcoin into a complete vaporware alt coin company, and now it's THEM that are dumping thousands of coins on the market and crashing the price.

Serves all you fucking retards right for believing in stupidity.  

Neo & Bee much?

Truth.

[dropt]

MUAHAHAHAHAHAHAHAHA!!!  This is hilarious and ironic!!!  People were SOOOOO worried that the winner of the SR Auction was going to dump thousands of coins on the exchanges and crash the price.  Apparently because he was not "one of us" and was just out to make money.

Now the irony is that hundreds of altruistic bitcoiners invested millions of dollars worth of bitcoin into a complete vaporware alt coin company, and now it's THEM that are dumping thousands of coins on the market and crashing the price.

Serves all you fucking retards right for believing in such stupidity.  

Neo & Bee much?

+1


If it was them that 'dumped' they're ultra dumb.  What a quaint way to devalue the rest of your own assets.

[Hyena]

Ethereum guys are running away with the money similarly how pirate40 did , ironically it was August back then too.

[BurtW]

If true then eventually we will have all their BTC and they will have none.  Problem solved.