It amazes me how many people will come ouf of the woodwork claiming it's the end of Bitcoin.
"The market climbs a wall of worry and slides down a river of hope." - old Wall Street saying...from old Wall Street.
Topic: Bitcoin being killed by ethereum dump - page 3. (Read 5695 times)
It amazes me how many people will come ouf of the woodwork claiming it's the end of Bitcoin.
"The market climbs a wall of worry and slides down a river of hope." - old Wall Street saying...from old Wall Street.
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:
And for anyone who honestly believes bitcoin is being "killed" by this non-factor new altcoin, have a look at the big picture reality:
It amazes me how many people will come ouf of the woodwork claiming it's the end of Bitcoin. I tend to believe they are just fishing for cheap coins which I feel is highly immoral. What really scares me is if they believe it to really be the case. There is clearly know reason at all for such a thing to happen and it's interesting to see how much fear can dome from fud.
Think I saw an interview a few years back when people think bitcoin is a bubble at 3 dollars. You just can't convince everyone this is not bubble.
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:
And for anyone who honestly believes bitcoin is being "killed" by this non-factor new altcoin, have a look at the big picture reality:
It amazes me how many people will come ouf of the woodwork claiming it's the end of Bitcoin. I tend to believe they are just fishing for cheap coins which I feel is highly immoral. What really scares me is if they believe it to really be the case. There is clearly know reason at all for such a thing to happen and it's interesting to see how much fear can dome from fud.
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.
just quoting that for history
- also i like that Gavin called them "Oracles"
Do you even read?
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.
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.
who cares? did anyone really think they'd just hold dem bitcoins or what? LOL !
~CfA~
Do you even read?
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.
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.
If you think it is a scam, vote with your wallet. To us the cheap BTC ! 
They said they are distributing the btc not that they are actually selling it. Blaming them for dropping the price is like blaming someone for using cash and then spending it. Isn't that kinda silly? Btc was made to be used and to easily raise funds online. Looks like it succeeded to me!
+1 ethereum is smart as hell they collected btc from all the stupid ppl who think its an actual investment cuz they fail to understand that ether is hardcore inflationary. LOL !
ethereum team is obviously financial geniouses. they know how to collect dem funds! bow, slaves!
~CfA~
They said they are distributing the btc not that they are actually selling it. Blaming them for dropping the price is like blaming someone for using cash and then spending it. Isn't that kinda silly? Btc was made to be used and to easily raise funds online. Looks like it succeeded to me!
Let me guess - Ether doesn't publicly display their BTC addresses.
You can see the ethereum ipo bitcoin address here.
https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2
Look like they are only cashing out 2000 bitcoin.
If 2k bitcoin cash out causing bitcoin to drop 10%. Imagine they cash out even more.
So, people are selling alt coin to invest in Ethereum coin which cause alt coin to crash. And Ethereum coin developers are selling bitcoin which cause bitcoin to go down?
bingo! Hence why bitcoin + most alts are getting creamed this week. Those ethereum crooks are killing markets for their own personal gain.
So, people are selling alt coin to invest in Ethereum coin which cause alt coin to crash. And Ethereum coin developers are selling bitcoin which cause bitcoin to go down?
Thanks, that post explains what they are doing with the bitcoins they have already moved, but what about the vast majority left over? I can find no information about what they plan to do with the vast majority of unspent coins after the ether IPO is over.
They'll end up dumping those too. They need fiat to run and Bitcoin is a competitor to their new product.
I agree, they need fiat to pay wages and rent bills.
Thanks, that post explains what they are doing with the bitcoins they have already moved, but what about the vast majority left over? I can find no information about what they plan to do with the vast majority of unspent coins after the ether IPO is over.
They'll end up dumping those too. They need fiat to run and Bitcoin is a competitor to their new product.
Thanks, that post explains what they are doing with the bitcoins they have already moved, but what about the vast majority left over? I can find no information about what they plan to do with the vast majority of unspent coins after the ether IPO is over.
The GREAT transparecy and anouncment of the 4000+BTC dumb just killed 20% of bitcoins price.
Could you post a link to the announcment of the 4000+BTC dump?
for the lazy people.
https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/
First time I heard about Ethereum was in Bitcoin magazine last January 2013.
What's the ETA on its release?
What's the ETA on its release?
were did they announce they will dump the 4,000 bitcoins though does anyone have a link?
I dont understand how people had the valor to invest several coins into this scheme.. i mean 1 or 2 if you have hundreds would be fine but there are people spending even 200 bitcoins into that shit. Cant hold bitcoins.
how is that saying around here? Ah, yes: "Weak hands out"
Can someone give me a link showing that Etheruem just dumped their BTC funds?
https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2
hit Filter => Sent below the QR code on the right side to display outgoing transactions only
wow, people still send money there.
wow, just wow.
I dont understand how people had the valor to invest several coins into this scheme.. i mean 1 or 2 if you have hundreds would be fine but there are people spending even 200 bitcoins into that shit. Cant hold bitcoins.
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