Sudden drop from 226 to 210 in the last few minutes. The weekend is coming. I think we're looking at 160 during the next few days.
A sale of 5000 XBT that coincided with a 5000 XBT drop in the Ethereum address.
https://bitcointalk.org/index.php?topic=946424.0. This is one motivated seller that cannot wait for a turnaround in the XBT/USD rate, so they will sell close to or at the bottom.
I'm a little surprised at this Ethereum dump being so close to the previous Ethereum dump and the fact it's much bigger. I did not expect this one for at least a few more weeks.
I'm a little surprised they are selling in such an irresponsible manner.
This is the classic behaviour of a weak hand at or near the bottom of a bear market. Ethereum is a very weak hand. Why?
They raise close to 30,000 XBT when XBT is trading around 500 USD.
The expenses of the project are highly correlated to USD, and CHF
and not to XBTThey promise their investors they will hedge the XBT/USD or XBT/CHF currency risk. Instead they speculate on the XBT/USD rate.
This is a big no no When the XBT/USD rate reaches the low 300s serious selling begins
When the XBT/USD reaches the low 200s and falls below 200 for a while
PANIC SELL!!!!
