$100 million worth of ETH? - page 3.

Xcode7

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Quote from: cheezcarls on December 16, 2019, 01:17:55 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!

I think the market will always be like this, up and down prices are normal. And I think eth owners have prepared several strategies to deal with markets like this. Of course we all expect good prices for all coins, not just a few coins, so we will have the option to make transactions in cryptocurrency. And maybe eth can touch that big number.

leatutz

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Ethereum pump should be the top when we are doing analysis that ethereum price is very low. This could be good if this Ethereum price is the lowest. Even though 100 millions worth of Ethereum isn't very low. For a project liquidity pool is very important.

killerfrost

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Quote from: setialovers on December 16, 2019, 07:02:06 AM

I think it's normal for the developer team to sell tokens when prices are high because the developer team needs funds for product development. But the amount of $ 100 million in my opinion is too big to develop a product but something like this has happened to Litecoin

Even the CEO of Litecoin had intended to abandon the project after selling all of the LTC he held. I hope ETH will not be the same as LTC, I still have positive faith in ETH in the future. Its price will certainly be pumped again and our job is to continue buying if possible and holding. ETH is still active and growing very well, there are many facilities to help ETH rise in the upcoming bull market

fuer44

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Quote from: BlackFor3st on December 16, 2019, 01:32:13 AM

Quote from: cheezcarls on December 16, 2019, 01:17:55 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!

You are talking about the past but you are doubting the future of crypto currencies, I completely disagree with your statement that it will not repeat ever again. Market is like up and down while it continue to dominate it's top price in every peak of the market therefore in the coming peak of the market there is a big chance that we can see an increase of price that are more than compare to the peak price of 2017-2018.

The Eth founder and it's team have their own reasons why they decided to sell those amounts of holding that they have and there is a big chance that they will buy it back once the market will start to move upward again.

if you look at etherum liquidity in the market, we don't need to hesitate anymore. yes, I am among those who believe in the events of 2017 and early 2018 will be repeated again. all we need to do is buy it now and save it, who knows if the etherum foundation will liquidate again even reaching 100 million, and prices can pump up to $ 10,000. we can only wait for what happens and think positive.

masterrex

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I don't think it was wrong as the news stated that it was sold during the All time high between 2017-2018 respectively 70 thousand ethereum is just a small portion of its total holdings and its just dwarf with some whales selling millions of Eth holdings during the ATH season. cryptocurrency is associated with risk and we should all know that in the very beginning, Me personally i'm also losing some of my money during 2018-2019 crypto winter but i don't blaming anyone because these is my personal decision to hold a particular coin/token without knowing the outcome for me its a missed calculation in my side.

piebeyb

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Quote from: cheezcarls on December 16, 2019, 01:17:55 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.

Good for them. Well done!

positive thinking they sell for project development, so no problem about it, honestly I have thought like this since 2014 - 2015, that I will not see bitcoin touching more than $ 1000, even people say the bitcoin bubble has broken and will not touch above $ 1,000 again, but that was history said another, 2017 the price of bitcoin touched another 20x from the highest price of 2013, now many people say the difficulty of the price of bitcoin or other ethereum is difficult to rise to high prices again like 2017 later, but I will bet it that everyone will see it soon

alyssa85

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Quote from: cheezcarls on December 16, 2019, 01:17:55 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.

Charles Lee also sold all his litecoins at that time too, at the all-time high.

In one sense it's positive - it releases coins into the market so that they're not all concentrated in the hands of the founders.

But in another sense it's a sign the developers are letting go and cashing out. Imagine the effect if all the original coins satoshi mined for bitcoin were suddenly released and sold. The price would tank (and the price of eth and litecoin tanked so much precisely because so many coins were sold by the founders).

meliodas

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For a smart person like Vitalik Buterin, it is not a surprised to know that they have sold a lot of ethereum at the peak of the bull run of ethereum because they know that the bull run is driven by the emotions and hype and they don't want to join the majority and they already knew that it is best to secure their profit. Even though they have sold a lot of ethereum back then, it doesn't lessen my enthusiasm in ethereum and I still believe in them for long term.

Dart18

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That just means he knows what he is really doing.
He did said that we might never see that price again.
I have the same hopes as you.
But time could never be brought down. Once happened we cannot take it back.
Same thing with the ATH of bitcoin. I really thought the pump is not over but yet it did blow like a bubble in just a month.

cutesgirl

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Quote from: Aabcde on December 16, 2019, 01:27:24 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.

Why not Vitalik buy back ethereum to make price back above $1,400 again, he got much profit during selling ethereum with higher price on 2017 and try to make their coin have higher price again, why many owner never take care with their coins after dump with lower price and just keep on their mind with profit without care how with their coin investor member.

btcdie

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Quote from: inanilujimi on December 16, 2019, 04:16:05 AM

It's their right to sell it at the highest price, because their eyes are very good at seeing the future.
Let the past pass, this is purely the freedom of people so we cannot blame them.
Make this a motivation so that we can be like them without having to bring down anyone.

Like a thought. the developer or team is the main character, so there is certainly no loss and we only support one because the project is considered to have the potential to be involved in it. also the team is more important to know how long the project being managed will last. but at least for this problem, Ethereum 2.0 will improve price and stability. so that investors will improve, although a little disappointed.

nicolas1979

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History will repeat again but of course in different time and model. Eth still keep running with their way to increase performance and trust, pump and down is relative buy how they can handle is more important. Time by time Eth will grow up with their own hand we only need support it by use it as alternative income and payment, keep do transaction with eth and stay optimist.

Divinespark

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Quote from: cheezcarls on December 16, 2019, 01:17:55 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!

Agree with you that the current market has matured. And investors are also much more experienced than 2017. That's why I think that the price of ETH and the whole market will be hard to reach ATH like 2017 again. Once prices rise a little, many people are willing to flock to leave this market, I also wish that if 2017 could come back again, I would sell everything and not hold anything ... but it was a dream that would never come true.

sockpuppet1911

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Quote from: mindrust on December 16, 2019, 02:14:54 AM

That's one of the reasons of that eth will never recover again.

Now you know everytime it makes a moon shot, the Eth foundation will dump on you poor devils.

Satoshi never did something like this and hardcore hodling his 1m coins while Vitalik the scammer is playing pump and dump with the investors money.

Bitcoin isn't a good comparison on the coins that have direct leadership. And bitcoin can be dumped to you by whales in a similar way, the dumpers are just pseudonymous and those dumpers are probably not contributing to bitcoin code base afterwards.

Viscore

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Live with peace and enjoy life!

This news should somehow give relief to the holders, they themselves even know that the market was overprice that time and they took the advantage to sell.
People will not dump anymore, and even if they do, they have enough funds to stop the bleeding, what a smart move. .

Kudos to the team for making the price decision protecting the interest and the future of the investors, this coin is worth to invest at this point.

Soots

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Quote from: cheezcarls on December 16, 2019, 01:17:55 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!

Pertaining to the big bullrun you said mate, would there be another bullrun which was more powerful compared from 2017? Well, I must think so now since we've been through twice a year facing such drowned market. Only miracle I think will make those possibilities become a reality so far.

cosmofly

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I feel this is a sinful act of the team, because when bitcoin is lowering Dominance and the alts are the speculators' remaining hope. but Vitalik and the team created a wave of downtrend and other alts are also ready to sell off. So the reason is that the CEOs of the projects sell it at a high price and drive the market down. and the low price of ETH is also due to the above reason, Vitalik is making people feel disappointed about him.

meanwords

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He is very smart for doing that. Who in their right mind would buy something when they are at the peak price? Sheeples. In my opinion, it will be close to impossible to reach all-time high of ETH again because there's just not enough hype for dumb people to invest in cryptocurrency scams again.

mrdeposit

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Indeed, anyone can make any decision about the funds in their wallet. But, the amount is too much, the amount sold by the team and Vitalik makes 140 million from the price of 1400$. I hope the price drop was not caused by them. Because they cannot be foolish enough to sell that amount in exchange.

jossiel

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Let us forget about all time highs for Ethereum. The price could be half of it but I also think that reaching a new all time high is going to be a difficult wish to see. We already have an idea that if ATH comes again, they are prepared for it.

Yes, they are prepared to sell and that is why so do we.

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