Bitcoin and ETH prices are likely to keep coming down until china's new year is over, and this is a great opportunity for us to invest altcoin including EDO, I'll set up $ 1000 to buy EDO in binance.
Even bounty dumping is going on now, whoever got those tokens from the campaign are eagerly waiting to cash out to BTC.Try to get it for cheap as they may not last long.
Yes, most of them immediately exchange to bitcoin so made EDO prices continue to fall, this becomes an opportunity to buy EDO with cheap price, I have put the price in binance with 25k satoshi, hopefully soon happen.
From what ive been able to tell from looking at the Explorer it is mostly members who sell off at once. The senior members are in a bigger degree holding the bounty
Why would someone sell for cheap when you see a bigger potential for the price to rise.All those dumbs do not realize selling too early when the project is not even 30% developed.
I think it is more complicated than that. You have some members who suddenly had so much in value it scared them to loose it - and sold. Then you have new members of crypto who are scared of the January bear market who sold. Or just need money now as DynamQ said.
And finally the senior members used to dipps and with faith in the Eidoo team who are holding.
Hey guys.. Dont be funny. Today we learnt that EDO has frozen 6million tokens and released them in an unknown period of time.
Just as you guys, we were suspecting who was selling EDO from 2900-3000 sats.. Then we thought it might be EDO itself founders.
We decided to follow up Circulating Supply and Total Supply through Coinmarketcap. (because it would rise if founders etc were selling)
Circulating supply was around 20M as usual.. We didnt check last 10-15 days.
Today we noticed that Circulating Supply is now 29M.Then we asked how and when it happened at EDO Official Telegram Channel.
They said that, "Old circulating supply on coinmarketcap was wrong. It was about 24 Millions EDO. Then at the beginning of January was unlocked 6 Millions EDO (as you can read in the whitepaper). Last week it was updated on coinmarketcap"
Here is the proof of what they said;
https://pbs.twimg.com/media/DU4EU_LWkAAmmII.jpg:largeSo guys, they have embedded this information into hidden corner of Whitepaper and Medium Blog. They didnt mention on Twitter, Telegram, Facebook or Coinmarketcalendar.
Do you now understand why we couldnt break that 5000 satoshi wall ? Yea, that was him ! It was impossible to break 6 million tokens wall.
Do you now understand who is selling tokens from 2900-3500 satoshi ? Thats him again.
How to sell from 2900-3500 satoshi man? how much did you buy this huh ? While its ICO was $2.8
They even blocked us on twitter just bcs we asked questions..
So.. decision is up to you ! Thx
