$100 million worth of ETH? - page 2.

puremage111

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Quote from: cheezcarls on December 16, 2019, 02:17:55 AM

At the peak of the market during the massive bull run of 2017, the Ethereum Foundation liquidated 70,000 ETH. Ethereum co-founder Vitalik Buterin convinced the foundation to sell at that time.

The price of ETH peaked at $1,400 during January of 2018, which would have netted approximately $100 million from the sale. Buterin also disclosed a personal sale of 30,000 ETH at the same time.

Full news here

Holy smokes! Now this is why their projects can keep up for a very long while.

To me, it was a wise decision for them to liquidate their ETH when it reaches its all-time high back then. Even the “extraordinary terrestrial” himself, Vitalik Buterin, sold his personal 30,000 ETH.

I just wish it was 2017 all over again, when we could have sold some ETH and other tokens during the big bull run. However, I honestly think that it will not repeat ever again because the market has matured already.

Good for them. Well done!

Well i guess it is definitely okay to do so
Especially from the foundation side
That would result them more fiat currency where it can be spent on development, hiring programmer and also move along the project
Proper funding and proper fund allocation is definitely something that should be done

For his 30,000 ETH which he liquidate, i think it's fine anyhow
I mean its a reward to himself for the entire idea of Ethereum (Smart contract Blockchain)

X-ray

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Quote from: libert19 on December 18, 2019, 12:56:03 AM

Quote

Even the “extraordinary terrestrial” himself, Vitalik Buterin, sold his personal 30,000 ETH.

That's not anything less then extraordinary, knowing when to sell is great thing in itself. I wish he should have tweeted or something at that time so we also could have sold lol

No way he would have done that otherwise the market will crumble as it's basically the same as telling people to dump their coin altogether at the same moment which could further drive down the price and making thin of available liquidity.
In reality, it will be called a suicide move because that's what practically will happen if vitalin ever tell people such a thing beforehand.

yulionoo

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of course all ethereum holders would want ethereum prices to return to 2017 but as you said op the current crypto market conditions are different from 2017. so I think it is quite difficult to make the eth price back to $ 1,400. although later on when bitcoin can pump after decreasing by half maybe eth will also pump but this may take longer and maybe the increase value is not high like in 2017. only time can answer whether eth can pump again like 2017 or not? we wait.

libert19

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Quote

Even the “extraordinary terrestrial” himself, Vitalik Buterin, sold his personal 30,000 ETH.

That's not anything less then extraordinary, knowing when to sell is great thing in itself. I wish he should have tweeted or something at that time so we also could have sold lol

coin_1122

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Quote from: pandanaran on December 17, 2019, 02:12:17 AM

Quote from: barabarian1 on December 17, 2019, 02:03:24 AM

Quote from: Aabcde on December 16, 2019, 02:27:24 AM

Yes, I think so too. Times in 2017 will be very difficult to achieve now but that does not mean impossible either. And I think ATH will happen if bitcoin touches the new ATH price first.
Many people assume that in 2020 this will happen. But what is clear is that the year of crypto can be carried out if the king holds a massive party, which in the sense of bitcoin touches prices above $ 20k.

yes i agree with you. ethereum and other altcoins will be able to reach high prices like 2017 when bitcoin has reached the moon and touched the price of $ 20,000.
Most crypto users are optimistic that in 2021 after bitcoin is reduced by half in 2020 bitcoin can reach a new ATH and make the altcoin market green again. hopefully our hopes can be realized. bitcoin prices are very volatile unpredictable we can only hope and wait.

whatever you say the answer is time. because anyone will never know whether the 2017 market can be repeated again or sebalinya last until the next period. but for most cryptoqurrency holders always believe that cryptoqurrency still has a chance to raise the price again, especially btc. I believe if BTC can touch the price of $ 20k it will likely affect other cryptoqurrency prices.

You are right crypto currency investors have strong faith towards the Bitcoin because we have seen this year the price of Bitcoin touched more than 13000$ and has huge chance the price of the BTC will easily cross more than 20000$ in the coming year. It will surely the altcoin to increase their prices.

starblocks

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Some projects that raised funds had a time limit on how long they had to wait before spending their budget so it could be that or a large holder or group of holders, but there's plenty of liquidity in the market for ETH so there'll be plenty of eager buyers if any serious dumping does occur

Pearls Before Swine

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Quote from: cheezcarls on December 16, 2019, 02:17:55 AM

I just wish it was 2017 all over again, when we could have sold some ETH and other tokens during the big bull run. However, I honestly think that it will not repeat ever again because the market has matured already.

We're still paying for the 2017 bubble, and I'm *not* hoping for a repeat of it, even tho it was good times all around for as long as it lasted.

Don't kid yourself about it not being able to happen again, because markets move in cycles and investors have very short memories when it comes to bull markets and bubbles. A repeat of 2017 might not happen this year and maybe not even in 2020, but it *will* happen again, believe me.

With the Eth 2.0 happening, or at least the proof of stake part, I would expect it to do well even if bitcoin is lagging. Should be interesting to see what happens at least.

Kersh768

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Quote from: cheezcarls on December 16, 2019, 02:17:55 AM

At the peak of the market during the massive bull run of 2017, the Ethereum Foundation liquidated 70,000 ETH. Ethereum co-founder Vitalik Buterin convinced the foundation to sell at that time.

The price of ETH peaked at $1,400 during January of 2018, which would have netted approximately $100 million from the sale. Buterin also disclosed a personal sale of 30,000 ETH at the same time.

Full news here

Holy smokes! Now this is why their projects can keep up for a very long while.

To me, it was a wise decision for them to liquidate their ETH when it reaches its all-time high back then. Even the “extraordinary terrestrial” himself, Vitalik Buterin, sold his personal 30,000 ETH.

I just wish it was 2017 all over again, when we could have sold some ETH and other tokens during the big bull run. However, I honestly think that it will not repeat ever again because the market has matured already.

Good for them. Well done!

If I will be on that same position in the year 2017 holding such massive number of Ethereum in my account, maybe I will surely be tempted to sell out all of it in one blow because of what I can acquire like what Vitalik Buterin did. It is a matter of decision making with the instinct predicting what might be the outcome of the scenario and the flow within the market. So Buterin have made the right decision selling what he have because if he have waited longer, maybe he won't be able to sell his ETH at a higher value compared for today.

Never doubt what the market can be. I, myself honestly still into believing that what happens in 2017 can happen in no time so we must just expect the unexpected to happen.

ttcsalam

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Bigger and better times are 2017 in the world of Ciptro. Toe it all, does not mean that it will not return this time.King coins are bit coins that cause all the coins to rise and fall.Everyone is expecting a change in the market 2020 this year.

StephenieDuong

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Wow sell at the peak was the smartest move from ETH team and make lots of ETH holder lost their money because of buying there. I hope with those money, ETH team should grow their project technical and do not exit. And for those who buy at ATH price, i think dont hope the price get back there soon unless the project have something really special in the future.

pandanaran

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Quote from: barabarian1 on December 17, 2019, 02:03:24 AM

Quote from: Aabcde on December 16, 2019, 02:27:24 AM

Yes, I think so too. Times in 2017 will be very difficult to achieve now but that does not mean impossible either. And I think ATH will happen if bitcoin touches the new ATH price first.
Many people assume that in 2020 this will happen. But what is clear is that the year of crypto can be carried out if the king holds a massive party, which in the sense of bitcoin touches prices above $ 20k.

yes i agree with you. ethereum and other altcoins will be able to reach high prices like 2017 when bitcoin has reached the moon and touched the price of $ 20,000.
Most crypto users are optimistic that in 2021 after bitcoin is reduced by half in 2020 bitcoin can reach a new ATH and make the altcoin market green again. hopefully our hopes can be realized. bitcoin prices are very volatile unpredictable we can only hope and wait.

whatever you say the answer is time. because anyone will never know whether the 2017 market can be repeated again or sebalinya last until the next period. but for most cryptoqurrency holders always believe that cryptoqurrency still has a chance to raise the price again, especially btc. I believe if BTC can touch the price of $ 20k it will likely affect other cryptoqurrency prices.

barabarian1

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Quote from: Aabcde on December 16, 2019, 02:27:24 AM

Yes, I think so too. Times in 2017 will be very difficult to achieve now but that does not mean impossible either. And I think ATH will happen if bitcoin touches the new ATH price first.
Many people assume that in 2020 this will happen. But what is clear is that the year of crypto can be carried out if the king holds a massive party, which in the sense of bitcoin touches prices above $ 20k.

yes i agree with you. ethereum and other altcoins will be able to reach high prices like 2017 when bitcoin has reached the moon and touched the price of $ 20,000.
Most crypto users are optimistic that in 2021 after bitcoin is reduced by half in 2020 bitcoin can reach a new ATH and make the altcoin market green again. hopefully our hopes can be realized. bitcoin prices are very volatile unpredictable we can only hope and wait.

justdimin

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I am one of those lucky people who joined them at the time. I had a bit of bitcoin (nowhere near these amounts of course lol) and I cashed out at around 19k which was close to all time high, after I cashed out in a week bitcoin started to drop, during that time I sold my ethereum and all other coins as well except nano (god damn it nano) and I made a decent amount of profit.

I even gathered back my bitcoins exactly the same amount following may as well on 2018 because they were very cheap and I didn't spent all my money so I had the same amount of crypto but also spent a lot of money from December to may without every working a single day thanks to right time to sell. It is a great feeling to find the top, it is even great to find the bottom and buy there.

wajik-tempe

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Quote from: cheezcarls on December 16, 2019, 02:17:55 AM

At the peak of the market during the massive bull run of 2017, the Ethereum Foundation liquidated 70,000 ETH. Ethereum co-founder Vitalik Buterin convinced the foundation to sell at that time.

The price of ETH peaked at $1,400 during January of 2018, which would have netted approximately $100 million from the sale. Buterin also disclosed a personal sale of 30,000 ETH at the same time.

Full news here

Holy smokes! Now this is why their projects can keep up for a very long while.

To me, it was a wise decision for them to liquidate their ETH when it reaches its all-time high back then. Even the “extraordinary terrestrial” himself, Vitalik Buterin, sold his personal 30,000 ETH.

I just wish it was 2017 all over again, when we could have sold some ETH and other tokens during the big bull run. However, I honestly think that it will not repeat ever again because the market has matured already.

Good for them. Well done!

Yeah very small chance to repeat the history since the crypto people are smarter now and the price right now is the real value of the tokens. But there is a chance to get a big profits from new projects that potential to be on the top of currency in the upcoming years.

Bonwin

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I am not surprised that some are still expecting and eagerly awaiting the bull to occur again. Despite all the green lights shun, it is still not appearing like it will come. Those who got the logic behind it and the several warnings gilded to it, but for those who want to make huge profits overnight.

SolarWindMiningCompany

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Quote from: okala on December 16, 2019, 03:04:34 AM

Quote from: cheezcarls on December 16, 2019, 02:17:55 AM

At the peak of the market during the massive bull run of 2017, the Ethereum Foundation liquidated 70,000 ETH. Ethereum co-founder Vitalik Buterin convinced the foundation to sell at that time.

The price of ETH peaked at $1,400 during January of 2018, which would have netted approximately $100 million from the sale. Buterin also disclosed a personal sale of 30,000 ETH at the same time.

Full news here

Holy smokes! Now this is why their projects can keep up for a very long while.

To me, it was a wise decision for them to liquidate their ETH when it reaches its all-time high back then. Even the “extraordinary terrestrial” himself, Vitalik Buterin, sold his personal 30,000 ETH.

I just wish it was 2017 all over again, when we could have sold some ETH and other tokens during the big bull run. However, I honestly think that it will not repeat ever again because the market has matured already.

Good for them. Well done!

That is why I do see all these developers as selfish people. Only Satoshi has proven to be selfless. I think if they are still those quantities ethereum will have be in the state it is now. With this information I believe that ethereum might never get to $1450 ever again.

You have an excellent point. Over 90 percent of these cryptos except bitcoin are profit oriented and one shouldn't relax when he's invested in them because the developers might wake up a faithful morning and decide to sell off and that's the end. I am so happy for Vitalik for selling at the top, I am sure some people bought at the top too and lost tremendous money. They will learn

tenakha

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Quote from: vanya.pronin.1983 on December 16, 2019, 02:21:09 PM

It was a great decision for them, without any doubt. But I can hardly imagine that the crypto market got advantages from it. After such a solid amount of ETH was sold, the market crashed and ETH fell to 80 bucks per coin.

Firstly, this amount was sold in January 2018 and this did not seem to had an effect on the price being $80 after 1 year. Also, I do not think he used exchanges to sell ETH, because it was enough to influence the price.

Quote from: jhontwis on December 16, 2019, 02:21:33 PM

But there is another situation. Lee, founder of Ltc, made a similar statement. It's the end of the bull right in front of us!

I do not think it will have the same result. IIRC, while Lee sold all his LTCs, Buterin only sold some. And Buterin made a statement about it almost two years later.

TinaK

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Idiom on the project back with the ethereum smart contract platform or in wide range of usage if you look at on 2017 but now there is no any support from me users as well as from the investor side.
So if you have fund in ethereum please look for the some decent low level bump and make money out of it.

jhontwis

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Vitalik is a smart man. Even with that period of sales, it can have a say in this market for many years. Of course, these are sales advertisements that are somehow declared. But there is another situation. Lee, founder of Ltc, made a similar statement. It's the end of the bull right in front of us!

vanya.pronin.1983

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It was a great decision for them, without any doubt. But I can hardly imagine that the crypto market got advantages from it. After such a solid amount of ETH was sold, the market crashed and ETH fell to 80 bucks per coin.

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