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Topic: Ethereum still has 27k more coins to dump! (Read 2319 times)

legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
September 03, 2014, 07:24:17 PM
#32
It is not going to be one big dump. It is going to be a slow process, grinding the price down (or at least preventing it from taking off)

From the ether genesis sales terms and conditions document
It is possible that the value of BTC will drop significantly, depriving EthSuisse of sufficient resources to continue to operate. In order to guard against this risk, EthSuisse intends to periodically convert proceeds from the sale of ETH into fiat.
legendary
Activity: 2660
Merit: 1074
September 03, 2014, 06:13:35 PM
#31
Won't be worse than the mr 102 event, or when someone dumped a fuckton of coins on Gox, enough to fill all buy orders. Both situations the price returned back to normal in little time.

And they don't need to dump to crash the price, only the fact that they have such ammount of coins will be enough to scare people and drop the price Sad
sr. member
Activity: 322
Merit: 250
September 03, 2014, 06:03:12 PM
#30
Lower price only means bigger players getting in. Overall picture = headed towards ATH.
member
Activity: 107
Merit: 10
September 03, 2014, 05:35:39 PM
#29
Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..

You are right.

But dumping 25k in a day or two will drop the coin BY at least $100 USD.

Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity.
Actually by current price and support it could drop below 100$.  

That's why they can't dump right now, they are blocked. Just try to dump 1000 btc right now and see what happens!
but they are not the ones, there are other whales who want to cash out and they also blocked with these low volumes (take a look at pumps and dumps right now).
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
September 03, 2014, 04:04:26 PM
#28
So your saying they are almost out of coins? BUY BUY BUY!!!!
hero member
Activity: 518
Merit: 500
Trust me!
September 03, 2014, 04:00:16 PM
#27
Wow, so much bitcoin into an alt presale. Don't know much about this Ethereum, worth a look I guess, but probably won't buy any.

It effectively isn't just an alt coin. It's some sort of commodity/coin/whatever that get consumed if you buy something with it. It can be used to buy certain services if you will. Although I gotta say I'm no expert and may not even have gotten the concept completely right Cheesy
sr. member
Activity: 246
Merit: 250
September 03, 2014, 03:26:17 PM
#26
Wow, so much bitcoin into an alt presale. Don't know much about this Ethereum, worth a look I guess, but probably won't buy any.

You might be able to buy them at cheaper prices on the market than people paid for them during the IPO.
hero member
Activity: 672
Merit: 500
September 03, 2014, 03:23:18 PM
#25
Wow, so much bitcoin into an alt presale. Don't know much about this Ethereum, worth a look I guess, but probably won't buy any.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
September 03, 2014, 03:15:56 PM
#24
I really don't think that the Ethereum dump caused any of this. If they decide to dump their coins, so be it. Won't hurt the price that much. If they really are in for the long run and still are Bitcoin enthusiasts, they'll keep most of their coins and wait for better days to sell them off!
sr. member
Activity: 644
Merit: 260
September 03, 2014, 02:07:29 PM
#23
Why they should sell all their bitcoins, in this way their capital will be worth less due to the decreasing btc price.
sr. member
Activity: 434
Merit: 250
September 03, 2014, 01:43:22 PM
#22
Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..

You are right.

But dumping 25k in a day or two will drop the coin BY at least $100 USD.

Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity.
Actually by current price and support it could drop below 100$. 

correct
Even thought it's correct quote it doesn't mean that they will do it and they probably WON'T. Smiley
member
Activity: 112
Merit: 10
September 03, 2014, 01:22:11 PM
#21
Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..

You are right.

But dumping 25k in a day or two will drop the coin BY at least $100 USD.

Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity.
Actually by current price and support it could drop below 100$. 

correct
member
Activity: 112
Merit: 10
September 03, 2014, 01:20:36 PM
#20
I'm tired of Falllliing, ignored from now.

you must be tired of facing reality too, sorry but bitcoin has to suffer all this shit and go down Smiley
sr. member
Activity: 246
Merit: 250
September 03, 2014, 01:19:23 PM
#19
The last time the ethereum team dumped some bitcoins they announced their intentions beforehand. If they make another dump announcement I expect bitcoin's price will suddenly drop.
sr. member
Activity: 434
Merit: 250
September 03, 2014, 01:16:27 PM
#18
Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..

You are right.

But dumping 25k in a day or two will drop the coin BY at least $100 USD.

Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity.
Actually by current price and support it could drop below 100$. 
legendary
Activity: 2576
Merit: 1087
September 03, 2014, 01:12:02 PM
#17
And lattes!  Grin
sr. member
Activity: 246
Merit: 250
September 03, 2014, 12:19:41 PM
#16
What the hell is an ethereum and why do they have so many coins? Why do you think they want to sell?

Maybe they won't sell all the coins but probably they will sell some more to cover the expenses and do some nice holidays...

I guess they have a lot of expenses to cover. They are renting out offices, employing people and travelling round the world. No doubt they will also need wages for themselves while they develop the project.
full member
Activity: 169
Merit: 100
September 03, 2014, 12:18:47 PM
#15
Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..

You are right.

But dumping 25k in a day or two will drop the coin BY at least $100 USD.

Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity.
sr. member
Activity: 406
Merit: 250
September 03, 2014, 12:12:57 PM
#14
I'm tired of Falllliing, ignored from now.
full member
Activity: 137
Merit: 100
September 03, 2014, 12:11:33 PM
#13
Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..
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