ethereum reminds me of ripple
Ripple is still on the top 3 spots in term of market cap. While it didn't replace bitcoin, it manage to pull out a lot of money from bitcoin market cap.
Topic: Bitcoin being killed by ethereum dump (Read 5694 times)
Ripple is still on the top 3 spots in term of market cap. While it didn't replace bitcoin, it manage to pull out a lot of money from bitcoin market cap.
Bitcoin is really over rated if one whale or Ethereum can cause the price to drop this much.
Peer to peer protocol suppose to make it more resilient and anti-fragile. We still have a long way to go apparently.
Peer to peer protocol suppose to make it more resilient and anti-fragile. We still have a long way to go apparently.
Qora dev is a genious
Buy the original one not the fake (Ora, Kora)
Im not impressed by Vitalik, Qora dev is stronger
Buy the original one not the fake (Ora, Kora)
Im not impressed by Vitalik, Qora dev is stronger
Has anyone posted the Ethereum BTC wallet?
This guy has
https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2
They've split up the transactions into amounts under 1 BTC but they are definitely dumping and I don't mean last week or last month but now.
They've fire sold 2500 BTC in the past days. That's a dump.
https://blockchain.info/charts/balance?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2
Look at the numbers on the left side of the graph and then pay attention to the right side of the graph. 2500 coins were dumped since August 10. That's an average of $300K a day. Granted the volume right now is $30 million but most of that volume is day traders and bots. Dumping $300K can create a huge amount of volume when all the day traders and bots react to it, never mind the weak hands.
Has anyone posted the Ethereum BTC wallet?
Fiat will exists as long as we have goverments.
A must read for all those getting scammed into ethereum: http://gavintech.blogspot.com/2014/06/bit-thereum.html
And for anyone who honestly believes bitcoin is being "killed" by this non-factor new altcoin, have a look at the big picture reality:
All of this has happened before, all of it will happen again. And again. And again. And again until fiat no longer exists.
And for anyone who honestly believes bitcoin is being "killed" by this non-factor new altcoin, have a look at the big picture reality:
All of this has happened before, all of it will happen again. And again. And again. And again until fiat no longer exists.
how can this destroy fiat currency?
Doubt Ethereum is the reason. People who invest into Ethereum probably having a big regret right now seeing all altcoin sinking down.
Dumping $500K+ a day... then the bots and scripts betting short increasing that to $5 million downward pressure? Then the exchanges which are being hacked.
There could be some legit people freaking out about Bitlicense but I think the IRS ruling was more destructive.
It has been a bit of a 'perfect storm' of different things coming together, and I think all the things you've mentioned played a part in addition to the fact that its summer and buyers are on holiday while others may be cashing out to pay for a holiday. It certainly can't be just Etheruem devs dumping and nothing else.
Doubt Ethereum is the reason. People who invest into Ethereum probably having a big regret right now seeing all altcoin sinking down.
Dumping $500K+ a day... then the bots and scripts betting short increasing that to $5 million downward pressure? Then the exchanges which are being hacked.
There could be some legit people freaking out about Bitlicense but I think the IRS ruling was more destructive.
Doubt Ethereum is the reason. People who invest into Ethereum probably having a big regret right now seeing all altcoin sinking down.
OMG if you get a chance read there 10 page terms and conditions before buying the coin. lol. Dangers of Quantum Computing is in there.. to funny.
So no one thinks that the Co-Creator of Ethereum is also the Co-Creator of Bitcoin Magazine ?
http://en.wikipedia.org/wiki/Vitalik_Buterin
http://en.wikipedia.org/wiki/Vitalik_Buterin
What do you mean? Are you suggesting a tin foil hat conspiracy that Vitalik Buterin could be a paid Mascot for Goldman Sachs, and there's 20 Indians in the backroom doing all the programming?
So no one thinks that the Co-Creator of Ethereum is also the Co-Creator of Bitcoin Magazine ?
http://en.wikipedia.org/wiki/Vitalik_Buterin
http://en.wikipedia.org/wiki/Vitalik_Buterin
Maybe Proof of Concept coins will be the next big thing.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
This is one of the older scam concepts actually, i.e.
https://bitcointalksearch.org/topic/annstack-stackcoin-get-in-now-fast-decrease-launch-22022014-457575
https://bitcointalksearch.org/topic/m.5302833
https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
https://bitcointalksearch.org/topic/--384097
https://bitcointalksearch.org/topic/ipo-annneon-neon-the-most-advanced-second-generation-currency-400356
[...]
You mentioned Visa Coin. Yes
As I said here - never ever ever ever ever ever trust a developer with an account named after the coin. I have almost never seen any of them work out. The odd exceptions might be Redd, Qora and Ora but last I check none of these coins have yet to go past $5 million capitalization.
I think the one exception I have seen is Guldencoin, the main account is Guldencoin, but this is one of the creators on TV and giving out his name.
https://vimeo.com/98412899
Not sure what happened with Guldencoin. It used to be like $300K and now it's like $30K something. I haven't been following it but it reinforces the skepticism I have about developers naming themselves after coins and POW coins in general.
It's looks to be making a slight comeback at close to $70k , but yeah far off the 5 million capitalization you mentioned. hehe
Maybe Proof of Concept coins will be the next big thing.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
This is one of the older scam concepts actually, i.e.
https://bitcointalksearch.org/topic/annstack-stackcoin-get-in-now-fast-decrease-launch-22022014-457575
https://bitcointalksearch.org/topic/m.5302833
https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
https://bitcointalksearch.org/topic/--384097
https://bitcointalksearch.org/topic/ipo-annneon-neon-the-most-advanced-second-generation-currency-400356
[...]
You mentioned Visa Coin. Yes
As I said here - never ever ever ever ever ever trust a developer with an account named after the coin. I have almost never seen any of them work out. The odd exceptions might be Redd, Qora and Ora but last I check none of these coins have yet to go past $5 million capitalization.
I think the one exception I have seen is Guldencoin, the main account is Guldencoin, but this is one of the creators on TV and giving out his name.
https://vimeo.com/98412899
Not sure what happened with Guldencoin. It used to be like $300K and now it's like $30K something. I haven't been following it but it reinforces the skepticism I have about developers naming themselves after coins and POW coins in general.
I theorize the national coins should just move away from POW and Airdrop.
If I made my own national coin it would be POS and I would restrict the number of applicants who can receive their stake in a given week and/or month. So yes it would still technically be an air drop but if only 100 or 1000 people can claim their coins every month then it lessens the sell off (it shouldn't be hard to figure out an appropriate release)
Maybe Proof of Concept coins will be the next big thing.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
This is one of the older scam concepts actually, i.e.
https://bitcointalksearch.org/topic/annstack-stackcoin-get-in-now-fast-decrease-launch-22022014-457575
https://bitcointalksearch.org/topic/m.5302833
https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
https://bitcointalksearch.org/topic/--384097
https://bitcointalksearch.org/topic/ipo-annneon-neon-the-most-advanced-second-generation-currency-400356
[...]
You mentioned Visa Coin. Yes
As I said here - never ever ever ever ever ever trust a developer with an account named after the coin. I have almost never seen any of them work out. The odd exceptions might be Redd, Qora and Ora but last I check none of these coins have yet to go past $5 million capitalization.
I think the one exception I have seen is Guldencoin, the main account is Guldencoin, but this is one of the creators on TV and giving out his name.
https://vimeo.com/98412899
Oops it was this one
http://vimeo.com/101441955
Maybe Proof of Concept coins will be the next big thing.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
This is one of the older scam concepts actually, i.e.
https://bitcointalksearch.org/topic/annstack-stackcoin-get-in-now-fast-decrease-launch-22022014-457575
https://bitcointalksearch.org/topic/m.5302833
https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
https://bitcointalksearch.org/topic/--384097
https://bitcointalksearch.org/topic/ipo-annneon-neon-the-most-advanced-second-generation-currency-400356
[...]
You mentioned Visa Coin. Yes
Other people wouldn't find it funny (esp those who lost money) but it was comically the worst scam on BTT which took like $120K+ at the time. As I said here - never ever ever ever ever ever trust a developer with an account named after the coin. I have almost never seen any of them work out. The odd exceptions might be Redd, Qora and Ora but last I check none of these coins have yet to go past $5 million capitalization.
Maybe Proof of Concept coins will be the next big thing.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
This is one of the older scam concepts actually, i.e.
https://bitcointalksearch.org/topic/annstack-stackcoin-get-in-now-fast-decrease-launch-22022014-457575
https://bitcointalksearch.org/topic/m.5302833
https://bitcointalksearch.org/topic/--384097
https://bitcointalksearch.org/topic/ipo-annneon-neon-the-most-advanced-second-generation-currency-400356
https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
[...]
Maybe Proof of Concept coins will be the next big thing.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
Great ideas with great photoshop skills and you can make yourself a lot of btc and never having to release the product.
Bitcoin needs to be big enough and strong enough so that it is not affected by these things. Guys at Ethereum are getting rich, and the bitcoin price is going down. If bitcoin can be hurt so much, then there is a clear flaw in the bitcoin system.
The issue here is more that the volume is mainly fake.
Dumping $500K - $1 million a day (like Ethereum is doing) is enough to send the price crashing, because the bots and scripts will play musical chairs with that dumped BTC (dump $1 million and the bots and scripts will turn it into $20+ million).
How much has NEM raised for far, isn't that going to be worse for btc price when that gets dumped out or is Eth IPO a lot bigger?
Here are the numbers to answer your question.
Ethereum: 28011 BTC
NEM: 66 BTC + 400k NXT
NXT: 21 BTC
66 BTC is the correct figure. I said 52 BTC as that is what I happened to recall it to be. It is an immaterial difference when we consider all these IPOs on Bitcointalk which do 100s - 10,000s of BTC.
NEM is theoretically trying to repeat the Bitcoin experience where all early adopters (pre-2012) are given a fair chance in the distribution.
Didn't realise the IPO was that massive!
They must of had impressive concepts to fool so many people into buying in.
Maidsafe was $8 - $12 million altogether and it was alleged with evidence to had involved laundered MtGox Bitcoins.
Ethereum is like $15 million with 4400 participants. Top 100 wallets control half of Ethereum. The thing is wallets are not humans. If I invested $1 million $Fiat into Ethereum, I would do it in 5 to 20 wallets to minimize loss from a hack theft. As well the 4400 participants is not impressive considering all of Ethereum's marketing and marketing budget. NEM probably could had done up to 10,000 as there was big demand to become a stakeholder (it was capped at 3000 as the intent wasn't to become a planetary relief fund).
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