Ethereum KILLING BITCOIN!

[Zarathustra]

The intent is to withdraw 4150 BTC from our exodus address within the next 48 hours. We reserve the right to withdraw up to 850 BTC more if needed before the end of the 42 day duration of the sale, but at this point it is likely that the remainder of the BTC in the address will remain unused until the sale ends. Of this amount, 2650 BTC will be distributed to pay for loans for prior expenses. Individuals who have contributed loans to the project will receive repayment in BTC directly; “we” will not be selling any portion of this 2650 BTC on exchanges ourselves, although individuals may choose to independently convert the BTC that they receive into fiat after the fact.

https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/

[haploid23]

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

And the irony is they are doing it by the book this time. Buyer of Ethereum essentially sign over their right to the developers and can't call them scammer even if the project failed miserably.

Look to me like they have moved 4k BTC, and they still have over 20k BTC unsold. Imagine the horror in the coming weeks and months.

We have 4k BTC to 470 to bitstamp right now.  The market should be able to withstand a 20k BTC dump if spread across exchanges.

Arbitrage will mean they'll be naturally spread out across the major exchanges. Waiting until closer to the end of the 20k btc before putting in my buy orders.

[Skoupi]

It's their coins and they can do as they like. They are not killing anything because they just can't.

[fran2k]

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

Hehehehe.

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.

Reference?

[Somekindabitcoin]

Woo! Cheaper antminers for me!

[unpure]

Woo! Cheaper antminers for me!

Did bitmain lower the miner price?

Still, even with the discount, will there be ROI?

[Benjig]

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

Hehehehe.

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.

Reference?

If this continues they will bring the price down to 400.. damn, why the hell are they dumping the bitcoins.. they can pay the devs in bitcoin, if not when they dump the last chunk of 1000 btcs they will only receive 100k usd because the price will be 100 usd.

[Sevvero]

How is dumping price "killing" Bitcoin?

You know what would be "killing" Bitcoin? 51% attack. Literally.

Does dumping price have anything to do with protocol?

And who has even heard about Ethereum? I don't think they can have such an impact. Nobody even knows who they are.

[indiemax]

suppose this is all very ironic,

Those with spare Bitcoin get greedy,spend some on Ethereum thinking ,i'm gonna make a killing

and boom get shafted by a lower price because of the dumps

so lose both ways Bitcoin holding worth less and Ethereum? well, who knows, not worth a lot at all

everyone with half a pea in there head knows it's gonna crash on release

[indiemax]

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

Hehehehe.

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.

Reference?

If this continues they will bring the price down to 400.. damn, why the hell are they dumping the bitcoins.. they can pay the devs in bitcoin, if not when they dump the last chunk of 1000 btcs they will only receive 100k usd because the price will be 100 usd.

er......greed

pay devs in Bitcoin lol       it's obvious they want fiat and not Bitcoin

very happy to dump

[JCviggen]

There's over 13 million coins in existence, are you telling me that dumping a tiny tiny fraction of them is ''killing'' bitcoin?

Seriously, it is obvious that the price is way, way too high if you can't even sell 0.01% of the coins/shares without tanking the price.

[BitcoinNewbie15]

I can't believe people bought ETH... Every thing was a proof of concept.

[Hyena]

What if they are laundering the coins? They will buy back later and make the coins untraceable. Everyone knows that an exchange could easily be used for tumbling. It's easier for them to disappear then because using a dedicated tumbler for such a large amount of coins cannot be easy.

[silverbox]

They collected over 4k btc?  For vaporware?  I'm in the wrong line of work... 

[Torque]

They colluded with other whales (probably close friends) to collectively dump, all the while shorting the market to make massive profits.  Insider trading at its finest.

[alesx.onfire]

Nice scam.



 

[av123]

Nice scam.



 

I think it's more of an attempt to cover their ass legally in case things don't work out as planned.

[rokkyroad]

Nice scam.



 

I think it's more of an attempt to cover their ass legally in case things don't work out as planned.

That was exactly what kept me from buying. Too much ass covering. At least, offer something in return for your money.

I do hope it works out for investors but people in the altcoin scene seem ready and willing to throw their money away.

[rogerwilco]

Nice scam.



 

"Who just agrees to something they don't read?

[cypherdoc]

They collected over 4k btc?  For vaporware?  I'm in the wrong line of work... 

silverbox!

where the hell you been, man!