Ethereum co-founder Secretly Sold $11M Worth of ETH on Christmas Day! Got Outed!

wxa7115

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Quote from: nicolas1979 on January 01, 2020, 07:18:10 AM

That is his money, why we see it as problem?. Maybe he need fresh fund to develop ethereum or new project that can be use to support ethereum in crypto market. Another reason is he want to save his money because crypto market is unpredictable. We don't need take opinion about his money but his doing to keep running ethereum as the second coin after bitcoin.

If that is the case then they could inform the community and say that they need some funds for the development of the coin and they will sell some of their coins and that no one should panic about it, if they did that then no one will be mad since we understand that developing one of the major coins in the market should cost a lot of money.

But the way this was done makes it seem as if he was trying to hide his actions by doing it at the time in which most people are busy with their families and do not have the time to watch the markets and that gives a very bad impression to the potential investors that may want to invest in ethereum.

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Quote from: tazmantasik on January 01, 2020, 07:59:49 AM

Indeed, now every major transaction there must be monitoring him. The question is whether selling eth has an impact on current ethereum prices.
If it is his right, it certainly doesn't matter when he makes a transaction (or sells it)

He was announcing it and it can be considered as a transparency from the team. The blockchain is more than enough to give us information about tha tas it's transparent to the everyone about how much money that already sent to the market. No need to feel worry about that as the dev is also having a brain to think how to not affect the market

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Quote from: chaoscoinz on January 01, 2020, 08:11:47 AM

Quote from: cryptozink on December 27, 2019, 07:43:43 PM

He thought it would go unnoticed because we would be full and occupied with family on Christmas Day!

https://www.cryptozink.io/ethereum-co-founder-jeff-wilcke-secretly-sold-eth/

So are we going to crucify this guy for spending his own money? I thought the guy had stole something or worse. You mean to tell me, he spent from his own wallet and now hes being dragged through the mud?
I can understand the impact it may have on people, if a guy important as he is for Ethereum platform is dumping his hard earned share could cause investors to lose faith. Wilcke said it wasn't an unsubstantiated claim, that the funding was to support development for his game.

I agree with you 100%. Don't we always aim to make a profit, including those who speak here? That's everyone's purpose. So if this guy wants to withdraw his money for any reason, can we criticize it? I do not think so.

chaoscoinz

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Quote from: cryptozink on December 27, 2019, 07:43:43 PM

He thought it would go unnoticed because we would be full and occupied with family on Christmas Day!

https://www.cryptozink.io/ethereum-co-founder-jeff-wilcke-secretly-sold-eth/

So are we going to crucify this guy for spending his own money? I thought the guy had stole something or worse. You mean to tell me, he spent from his own wallet and now hes being dragged through the mud?
I can understand the impact it may have on people, if a guy important as he is for Ethereum platform is dumping his hard earned share could cause investors to lose faith. Wilcke said it wasn't an unsubstantiated claim, that the funding was to support development for his game.

pushups44

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It seems sell-offs have become quite common in the blockchain space. I am not sure what to make of it, because there could be legitimate reasons to sell cryptocurrencies. I know Charlie Lee selling his Litecoin was a bad sign in hindsight. I think Ethereum has a very promising future along with the blockchain industry as a whole in 2020.

I look forward to the Ethereum upgrades that will usher in proof of stake!

tazmantasik

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Indeed, now every major transaction there must be monitoring him. The question is whether selling eth has an impact on current ethereum prices.
If it is his right, it certainly doesn't matter when he makes a transaction (or sells it)

samcrypto

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Quote from: tambok on December 28, 2019, 11:50:06 AM

Quote from: 103deltafox on December 28, 2019, 10:55:42 AM

Well ethereum is one project that will keep sailing, no matter what is being done, I think this is time to risk some fiat on ethereum. Moreover the guy needed to sell for fiat, what is the big deal since the development of ethereum, that's a pretty long time.

Is the news really real that he sold his Ethereum? Hope not because it will lose confidence for those Eth lover especially now that the market is not that good compare to those past years. But, if ever it is true, hope that he will do something for his supporters to gain confidence again.

I don’t lose confidence on ETH because of this move though its quiet unusual to sell big especially if you’re a developer but maybe he needs it for something. It can affect the price but since the update is soon to come, i think it can boost the price up again and the trust will come back if ETH succeed for the update, hope for the team’s success on this.

nicolas1979

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That is his money, why we see it as problem?. Maybe he need fresh fund to develop ethereum or new project that can be use to support ethereum in crypto market. Another reason is he want to save his money because crypto market is unpredictable. We don't need take opinion about his money but his doing to keep running ethereum as the second coin after bitcoin.

shoreno

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lol funny is he . he did actually say that words ? if he dont want to get noticed then better if he use some kind of eth mixer and that will hide his ass but even if he use those tools people will still notice that price of eth moves in downward position .

anyways , people wont be shock at all to witness this because most of them already did the same thing . most of them already knew that prices of cryptos will likely fall down on these holiday season .

antsam

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Quote from: angrybirdy on December 28, 2019, 11:57:38 AM

There is nothing wrong with that actually, but it is still has an impact in the market. Everyone needs funds but the way he converted his funds might alarm other holders and it may become the reason for the price to dump more. But anyways, this is also a good chance to buy, and there is nothing to worry about this kind of situation.

It will have an impact, but if I am not mistaken, this is the number of times the biggest ETH coin holders give up their ETH, I see that it does not have much effect on the market price.

Debonaire217

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For 11Million and you will get fired from the entire company seems a good trade isn't it? Unless the entire Ethereum company will sue a lawsuit to arrest the co-Founder. But if not, it is evident he got the most out of the business. This kind of activity is a direct manifestation of fraud that we, cryptocurrency users should avoid. We aim to develop better applications and projects, and one single mistake will lead us to lose allot of trust from our supporters.

styca

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It wasn't a secret, and he made no attempt to hide it, which is good. The sale of that amount by itself would not have much effect on the market. The thing that can have an effect is spiralling negativity due to the fact that it is Buterin who sold. Let's hope that doesn't happen, as ETH is one of the best projects out there, with vast potential for real-world use.

Pamadar

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He's actions only be define by himself alone, whatever the reason behind this we are all speculating and none of us can really say if why and what will be the reason why he dumped this numbers of coins from his holding. Nothing but to wait for the actual impact as there's big movements yet inside the market.

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Quote from: batang_bitcoin on December 31, 2019, 03:49:36 PM

I bet that many ethereum holders were disappointed upon hearing this news. I'm one of them because I've been one of the people that believes on ethereum but I'm also thinking that there's still hope for this coin, they didn't completely dumped it and took profits. Honestly, I'm giving the benefit of the doubt but if you will analyze and see the box, this can happen for every coin that has a developer. Charlie Lee already did this earlier last 2018 when it was the beginning of 2018 when the altcoins market were shining.

Yes, I am one of them who feels disappointed. But instead of keeping disappointed, we can see that ethereum is still holding on its position, so I manage to take this as an opportunity to buy and believe in ethereum again.
What Charlie Lee did last 2018 is a different matter, that time, we have a good msrket condition and now we're in a bear market that's why it gives an alarming act to all eth holders.

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Quote from: Landak on December 28, 2019, 11:56:20 AM

Quote from: cryptozink on December 27, 2019, 07:43:43 PM

He thought it would go unnoticed because we would be full and occupied with family on Christmas Day!

https://www.cryptozink.io/ethereum-co-founder-jeff-wilcke-secretly-sold-eth/

everyone noticed it and there was no secret from the eth co-founder if he sell his eth in this Christmas. no problem at all, eth prices have remained unaffected and have remained at the same prices since last month. so I think news like that will only lead to a FUD.

As long as the ethereum foundation keeps the transparency to the whole of ethereum holders and users, that's fine to see that and just try to take a good thing just like ethereum developer is not so greedy as another developer that comes from ripple or even tron. in the tittle of that news said that secretly which can be considered as the word toward FUD.

batang_bitcoin

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I bet that many ethereum holders were disappointed upon hearing this news. I'm one of them because I've been one of the people that believes on ethereum but I'm also thinking that there's still hope for this coin, they didn't completely dumped it and took profits. Honestly, I'm giving the benefit of the doubt but if you will analyze and see the box, this can happen for every coin that has a developer. Charlie Lee already did this earlier last 2018 when it was the beginning of 2018 when the altcoins market were shining.

wxa7115

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Quote from: Kyraishi on December 27, 2019, 08:20:27 PM

Even if this was true, so what.

Long term this is just a drop in the ocean. When you have a decentralised coin the actions of a single person should not impact the wider market any more than in the short run when people are susceptible to panic dumping.

The timing is more likely coincidental than not as well. It's not like he purposefully chose this time of the year just in order to avoid the public eye or anything like that.

It matters a lot, what do you think it will happen if after years of being missing satoshi comebacks to the market with the only intent of selling his coins? I can assure you the market will crash immediately just by the announcement, satoshi will not need to sell one single bitcoin to crash the price, everyone will be wondering why he wants to cash out? Why now? Is there something wrong with bitcoin? And FUD will take over the market.

One of the ethereum founders sold a huge stash of coins, that is not a small news and it should bring questions about whether they believe they can maintain the second position in the market.

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Quote from: Landak on December 28, 2019, 11:56:20 AM

Quote from: cryptozink on December 27, 2019, 07:43:43 PM

He thought it would go unnoticed because we would be full and occupied with family on Christmas Day!

https://www.cryptozink.io/ethereum-co-founder-jeff-wilcke-secretly-sold-eth/

everyone noticed it and there was no secret from the eth co-founder if he sell his eth in this Christmas. no problem at all, eth prices have remained unaffected and have remained at the same prices since last month. so I think news like that will only lead to a FUD.

in 2 months, Ethereum price already down from $ 180 to $ 120. it is deep enough
it is clearly that ethereum price is affected by the co-founder

Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange
Ethereum Co-Founder Sells 90,000 ETH
Read those news, he has already confirmed!

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Quote from: minersday on December 28, 2019, 06:21:45 PM

I don't think we have any reason to make a fuss about this as he owns his own assets just like anybody else and can choose to do it whatever he likes. First of all with the future of Ethereum 2.0 i think it would be cool to grab some of these ETH which are being sold cheaply everyday. Also, i don't think he sold it for the purpose of celebrating Christmas, who knows he needs this money urgently to sort some health bills or family crisis.

Yes it is true it is their own money so I don't think that we have anything to do with it.
What if anyother person with a huge crypto on their wallet also sold their crypto in private and with a lower price would we also maoe some news out of it?

minersday

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I don't think we have any reason to make a fuss about this as he owns his own assets just like anybody else and can choose to do it whatever he likes. First of all with the future of Ethereum 2.0 i think it would be cool to grab some of these ETH which are being sold cheaply everyday. Also, i don't think he sold it for the purpose of celebrating Christmas, who knows he needs this money urgently to sort some health bills or family crisis.

Topic: Ethereum co-founder Secretly Sold $11M Worth of ETH on Christmas Day! Got Outed! (Read 596 times)