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Author Topic: Ethereum still has 27k more coins to dump!  (Read 2234 times)
falllling
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September 03, 2014, 02:31:10 PM
Last edit: September 03, 2014, 06:26:48 PM by falllling
 #1

Ethereum recently dumped only 3.7k bitcoins, they still have 27k coins waiting to dump, guess how low the price will be when they eventually cash out?


Ethereum wallet: Saldo Final    27,791.79039551 BTC
https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2
Last transaction was 19 days ago

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

Announcement on planned withdrawal from exodus
we intend to soon make a transaction to begin using the funds to repay loans and kickstart the process of setting up our development hubs and expanding our staff. We have made a commitment to be highly transparent about how we spend the funds, and that is a commitment that we intend to live up to; to that end, we have already released an Intended Use of Revenue chart and a roadmap to show how we intend to spend the BTC. More recently, the community has followed up with a wonderful infographic on CoinTelegraph using the information that we have posted. Now, we intend to release some additional information about the nature of our first withdrawal transaction
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w4ssop
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September 03, 2014, 02:34:46 PM
 #2

If they will sell all those coins at once the price will fall under $100 but I doubt they want to lower so much its value.
datehunter
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September 03, 2014, 03:17:23 PM
 #3

They should be holding their coins because the next year will be worth ten times the actual value according to the charts.
JessicaSe
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September 03, 2014, 03:38:16 PM
 #4

They should be holding their coins because the next year will be worth ten times the actual value according to the charts.

Really? I trust bitcoin more then ethereum...
derpinheimer
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September 03, 2014, 03:43:52 PM
 #5

What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell?
addroup
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September 03, 2014, 03:46:31 PM
 #6

What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell?

Maybe they won't sell all the coins but probably they will sell some more to cover the expenses and do some nice holidays...

JimboToronto
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September 03, 2014, 03:49:27 PM
 #7

What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell?

https://www.ethereum.org/

Presold ethers for Bitcoin. Converting to fiat.
derpinheimer
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September 03, 2014, 03:57:00 PM
 #8

What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell?

https://www.ethereum.org/

Presold ethers for Bitcoin. Converting to fiat.



How the hell did they get 30k bitcoins?
howareyo
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September 03, 2014, 03:58:41 PM
 #9

They have earned so many bitcoins with an IPO and the ethereum wallet isn't working yet?
JimboToronto
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September 03, 2014, 03:59:10 PM
 #10

What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell?

Maybe they won't sell all the coins but probably they will sell some more to cover the expenses and do some nice holidays...

I heard Vitalik Buterin speak last January at Decentral and trust me, the kid's a genius.

If the other members of the development team are anywhere close to being as smart as he is, they'll liquidate their bitcoins with minimal slippage.
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September 03, 2014, 03:59:15 PM
 #11

What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell?

https://www.ethereum.org/

Presold ethers for Bitcoin. Converting to fiat.



How the hell did they get 30k bitcoins?

ethereum, should be really big coin... i filled my boots...

arbitrage001
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September 03, 2014, 04:56:48 PM
 #12

What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell?

Maybe they won't sell all the coins but probably they will sell some more to cover the expenses and do some nice holidays...

I heard Vitalik Buterin speak last January at Decentral and trust me, the kid's a genius.

If the other members of the development team are anywhere close to being as smart as he is, they'll liquidate their bitcoins with minimal slippage.

Would be foolish to trust a kid with 27k btc regardless if he is genius or not. Beside, the world is fine being run by monkey and never has the world ever being run by a genius.
AirC
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September 03, 2014, 05:11:33 PM
 #13

Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..
atleticofa
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September 03, 2014, 05:12:57 PM
 #14

I'm tired of Falllliing, ignored from now.
Justine
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September 03, 2014, 05:18:47 PM
 #15

Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..

You are right.

But dumping 25k in a day or two will drop the coin BY at least $100 USD.

Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity.
bonipper
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September 03, 2014, 05:19:41 PM
 #16

What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell?

Maybe they won't sell all the coins but probably they will sell some more to cover the expenses and do some nice holidays...

I guess they have a lot of expenses to cover. They are renting out offices, employing people and travelling round the world. No doubt they will also need wages for themselves while they develop the project.
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September 03, 2014, 06:12:02 PM
 #17

And lattes!  Grin

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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DubFX
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September 03, 2014, 06:16:27 PM
 #18

Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..

You are right.

But dumping 25k in a day or two will drop the coin BY at least $100 USD.

Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity.
Actually by current price and support it could drop below 100$. 
bonipper
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September 03, 2014, 06:19:23 PM
 #19

The last time the ethereum team dumped some bitcoins they announced their intentions beforehand. If they make another dump announcement I expect bitcoin's price will suddenly drop.
falllling
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September 03, 2014, 06:20:36 PM
 #20

I'm tired of Falllliing, ignored from now.

you must be tired of facing reality too, sorry but bitcoin has to suffer all this shit and go down Smiley
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