Ethereum KILLING BITCOIN!

[fdiini]

Total FUD. Most the Etherium IPO funds remain intact and what has been sold was not significant enough to move the market in any meaningful way.

The expectation of the coin going to be sold off will cause the price to drop.

The current price always reflect the future event and not current one.

[Hfleer]

Total FUD. Most the Etherium IPO funds remain intact and what has been sold was not significant enough to move the market in any meaningful way.

The expectation of the coin going to be sold off will cause the price to drop.

The current price always reflect the future event and not current one.

But 26000 BTC is nothing, only 8 days of mining...

[Rampion]

Total FUD. Most the Etherium IPO funds remain intact and what has been sold was not significant enough to move the market in any meaningful way.

The expectation of the coin going to be sold off will cause the price to drop.

The current price always reflect the future event and not current one.

But 26000 BTC is nothing, only 8 days of mining...

8 days worth of the total inflation of a any given currency is an incredibly HUGE sum. Try to extrapolate such a thing to the USD or to any fiat currency of your choice, and add to that the fact that the BTC inflation decreases over time until deflation takes over, which doesn't apply to the USD.

[Hfleer]

Total FUD. Most the Etherium IPO funds remain intact and what has been sold was not significant enough to move the market in any meaningful way.

The expectation of the coin going to be sold off will cause the price to drop.

The current price always reflect the future event and not current one.

But 26000 BTC is nothing, only 8 days of mining...

8 days worth of the total inflation of a any given currency is an incredibly HUGE sum. Try to extrapolate such a thing to the USD or to any fiat currency of your choice, and add to that the fact that the BTC inflation decreases over time until deflation takes over, which doesn't apply to the USD.

so you are saying that double inflation on 8 days can influence the price downwards for over 10 % for Weeks?

[peeveepee]

Total FUD. Most the Etherium IPO funds remain intact and what has been sold was not significant enough to move the market in any meaningful way.

The expectation of the coin going to be sold off will cause the price to drop.

The current price always reflect the future event and not current one.

But 26000 BTC is nothing, only 8 days of mining...

The 26000 BTC is on top of miners selling. So, someone has to buy up that much btc to keep the price afloat.

[malexls]

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.

source?

if it's true might see new dump(s) soon

[Ayers]

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.

source?

if it's true might see new dump(s) soon

this is why ipo are bad, because the one who run the ipo can dump at whatever price, they got them for "free" basically

[vipgelsi]

Bitcoin is still in good shape nothing to see here.

[elebit]

'if it's true might see new dump(s) soon

Do we know how much they have dumped yet, so we have an inkling of what's to come?

Sure, 4000 coins is not much more than what's mined in a day, so it's nothing we can't handle, but it will drive down the price for a while.

[malexls]

'if it's true might see new dump(s) soon

Do we know how much they have dumped yet, so we have an inkling of what's to come?

Sure, 4000 coins is not much more than what's mined in a day, so it's nothing we can't handle, but it will drive down the price for a while.

3k7 ? https://blockchain.info/en/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

http://www.coindesk.com/price/
btc dumps few hours after the etherum's sells, correlation

[Roy Badami]

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.

Failing and scamming are not the same thing.  Indeed, in a venture as speculative as this, it would arguably be a scam to claim that the project will definitely succeed, when we all know it might not.  (And BTW that statement is probably only in there because the lawyers insisted on it - you shouldn't read too much into it.)

I have no horse in this race, though, and no strong opinion on Ethereum one way or the other (because I don't care about it enough to research it thoroughly).

roy

[Roy Badami]

'if it's true might see new dump(s) soon

Do we know how much they have dumped yet, so we have an inkling of what's to come?

Sure, 4000 coins is not much more than what's mined in a day, so it's nothing we can't handle, but it will drive down the price for a while.

Although they are selling some BTC, they're mainly not dumping, but paying people in BTC.  However many of the people they're paying might (probably are) selling some or all of the BTC.

Full details here:

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

According to that, the absolute maximum they will withdraw from their wallet is 5000 BTC (but probably only 4150 BTC).  And a chunk of the coin they withdraw will continue to be held as BTC anyway.  Some will be sold.  And the biggest chunk will be paid to third parties as BTC (who of course may hodl or sell).

Doesn't sound like enough to really move the market, IMHO.

roy

[Luckybit]

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.

lmao this is going to be a priceless quote going into the future to become the meme to refute the 'price doesn't matter' crowd.

[visual111]

Fucking Ethereum, stop killing the bitcoin.

that is funny. bitcoin i think will die...PoW is an old idea. better solutions are available and people will obviously pick them over something as archaic as PoW. it's no longer logical...but most people are neophobes. they will hang onto their old ideologies until the day they die, clutching in their hands a USD drive containing worthless bitcoins


bitcoin has done its job...time to go home and let crypto 2.0 take the stand


maybe i'm wrong though and BTC will stick around; allowing exchange between 2.0 coins. oh but i guess that's what the AEs are for


someone sell me on bitcoin when ethereum/nxt are available? the only advantage is the strength of BTC network

[seriouscoin]

LOL Ethereum will die because of this : https://bitcointalk.org/index.php?topic=563925.0

Only idiots who invested donated into Ethereum are being bearish about bitcoin. They're hoping to hype up Ether so they can dump it.

[Hyena]

LOL Ethereum will die because of this :https://bitcointalk.org/index.php?topic=563925.0

Only idiots who invested donated into Ethereum are being bearish about bitcoin. They're hoping to hype up Ether so they can dump it.

good point. in fact, that's how all altcoins should be distributed. altcoins that don't use this way of distribution are competing with bitcoin while altcoins that use such distribution cooperate with bitcoin. Ethereum is doomed for that reason.

[SunBin]

The massive sell off of altcoin last week may or may not have something to do with Ether. It would be interesting to watch if there is an active market place for Ether and see how the coin will react to the massive downtrend for all coins.

[beetcoin]

the question for me is that, if they do indeed have 3k+ coins, why wouldn't they just sell it at secondmarket or to a private party? by dumping the coins onto exchanges, that will affect the price.

[Justine]

LOL Ethereum will die because of this : https://bitcointalk.org/index.php?topic=563925.0

Only idiots who invested donated into Ethereum are being bearish about bitcoin. They're hoping to hype up Ether so they can dump it.

It is just another worthless coin in the making. I doubt anyone will be brave enough to put money into altcoin again.

[botany]

LOL Ethereum will die because of this : https://bitcointalk.org/index.php?topic=563925.0

Only idiots who invested donated into Ethereum are being bearish about bitcoin. They're hoping to hype up Ether so they can dump it.

It is just another worthless coin in the making. I doubt anyone will be brave enough to put money into altcoin again.

Altcoins come and go, but there always seem to be investors in altcoins.