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Topic: How is it possible to squander $18 millions ? (Read 4137 times)

hero member
Activity: 560
Merit: 500
October 12, 2015, 07:29:55 AM
#53
Well i dont know till where the eth can hold the value it has now,the fact is they had spended milions and nothing happened into the coin that should support what they requested funds to do,even with bitcoin loosing value.And i hope it can go above 300k once again ,maybe is time to collect some eth to the next pump that should occur on it ,and if not well some hands will be burning on it.
legendary
Activity: 1442
Merit: 1016
ETH IPO price was 0.0005 BTC and a little bit more in later stages of the presale.
If measured in USD at the time, it was ~$0.3

Holy shit. Then it was definitely a good speculative investment. On the other hand, it has a lot of room left to fall.

You're right.Some guys really made a great profit when they had been fast in dumping their stash on exchanges.
Ethereum is still overpriced and will continue going down south step by step.
Everybody who is buying now I believe is just burning his hands or wants to take a gambling risk in terms of trading.
legendary
Activity: 1582
Merit: 1064
The positive side is - at least now we can stop blaming the ethereum dump for the depressed price of bitcoins.
hero member
Activity: 560
Merit: 500
Well maybe they had dumped their coins on the crazy week pumping that made eth reach 600k and were looking to cross that wall,and from one moment to another is worthing half value,i guess whales were out and now are collectiing more eth to make the pump once again,currently would mean 200% return with a good pump week party again.
legendary
Activity: 3248
Merit: 1179

How is it possible to squander $18 millions ?




This picture says more then thousand word's. With 18 million $ they had plenty of it, now their dilers are billionaires and they stayed without money.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
ether is a waste of time. BTC is where its at. Say goodbye to all the money you invested into the scam called ethereum

Nick Szabo: "Best of Bitcoin (currency and settlement system) + best of Ethereum (smart contract programming environment)" = RootStock.io, by Sergio Lerner

https://twitter.com/NickSzabo4/status/651774200374525953

https://www.reddit.com/r/Bitcoin/comments/3nuy3p/nick_szabo_best_of_bitcoin_currency_and/

So is this rootstock like an Ethereum killer? Is this the same thing Ethereum will do just on the Bitcoin blockchain? Thanks everyone that can explain it a bit more, I will try and find some info alone as well.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
ETH IPO price was 0.0005 BTC and a little bit more in later stages of the presale.
If measured in USD at the time, it was ~$0.3

Holy shit. Then it was definitely a good speculative investment. On the other hand, it has a lot of room left to fall.

Yes, and the way it's going toward the bottom lately, I am pretty sure it will hit IPO prices in the near future. People will lose patience, a lot of new coins are mined daily meaning that there is a lot of inflation.

But yes, it was a good investment for the people that got in. I couldn't get in, I was just starting with Bitcoin then and all I had was about 4 BTCs at the moment of IPO. I didn't wanna give half of my current holdings for an investment.
hero member
Activity: 672
Merit: 503
ETH IPO price was 0.0005 BTC and a little bit more in later stages of the presale.
If measured in USD at the time, it was ~$0.3

Holy shit. Then it was definitely a good speculative investment. On the other hand, it has a lot of room left to fall.
Yep, I should have gotten into it, it was an easy call. Of course, with so many IPO scams, I decided to watch it from the sidelines. The dump happened and it did happen quick, but there was a reasonable period of time of a couple of days to dump while making big time profits. I don't know whats next for Ethereum, but the sidechains for Bitcoin are looking good, but its very early on in the game yet.
legendary
Activity: 1090
Merit: 1000
Yep, they got the 18 mil of "FREE" money.

They gifted themselves with some Eth premine. How much they made on that is anyone's guess.

Why work and produce when people are anxious to throw money at you?

Now Vitalick is setting the scene for "community takeover". Once the money is gone its up to bagholders to continue on. So typical.

People need to quit buying into these schemes. These scams schemes only put more nails into the cryptocurrency coffin. The final result could be the demise of Bitcoin and like its not already took enough hits.
legendary
Activity: 2114
Merit: 1015
ETH IPO price was 0.0005 BTC and a little bit more in later stages of the presale.
If measured in USD at the time, it was ~$0.3

Holy shit. Then it was definitely a good speculative investment. On the other hand, it has a lot of room left to fall.
sr. member
Activity: 289
Merit: 252
bagholder since 2013
Who bought into their IPO anyway? Where are the bitcoiners who donated 30k BTC to Vitalik? I'm sure they pretty much lost their money so they must be all butthurt like dim draper for buying into 600$ bitcoins. So, if any ETH IPO investors are lurking around here, let us know and share us your pain.

Why would they be butthurt sitting on a BTC profit?

So the current price of ETH is higher than during IPO? How much?

ETH IPO price was 0.0005 BTC and a little bit more in later stages of the presale.
If measured in USD at the time, it was ~$0.3
full member
Activity: 196
Merit: 100
ether is a waste of time. BTC is where its at. Say goodbye to all the money you invested into the scam called ethereum

Nick Szabo: "Best of Bitcoin (currency and settlement system) + best of Ethereum (smart contract programming environment)" = RootStock.io, by Sergio Lerner

https://twitter.com/NickSzabo4/status/651774200374525953

https://www.reddit.com/r/Bitcoin/comments/3nuy3p/nick_szabo_best_of_bitcoin_currency_and/
legendary
Activity: 2114
Merit: 1015
Who bought into their IPO anyway? Where are the bitcoiners who donated 30k BTC to Vitalik? I'm sure they pretty much lost their money so they must be all butthurt like dim draper for buying into 600$ bitcoins. So, if any ETH IPO investors are lurking around here, let us know and share us your pain.

Why would they be butthurt sitting on a BTC profit?

So the current price of ETH is higher than during IPO? How much?
legendary
Activity: 2576
Merit: 1087

Don't forget the partying after each new written line of code.


I read that they smash a truffle with a mallet with every single keystroke. That shit's gotta add up pretty rapidly.

This comment cheered me right up. Maybe there is some life left in this forum yet Wink
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
What I have always wondered is what has Vitalic Butlerin actually personally dev'd? / coded?

Doesn't matter. Just look at him. That idiot savant expression. The lack of muscle mass. The incomprehensible strings of words. It all screams tech billions.

He's probably a Disney mouseketeer reject who doesn't even know how to send a text message. The lines are fed to him by his sinister owners.

sr. member
Activity: 289
Merit: 252
bagholder since 2013
Who bought into their IPO anyway? Where are the bitcoiners who donated 30k BTC to Vitalik? I'm sure they pretty much lost their money so they must be all butthurt like dim draper for buying into 600$ bitcoins. So, if any ETH IPO investors are lurking around here, let us know and share us your pain.

Why would they be butthurt sitting on a BTC profit?
legendary
Activity: 2114
Merit: 1015
Who bought into their IPO anyway? Where are the bitcoiners who donated 30k BTC to Vitalik? I'm sure they pretty much lost their money so they must be all butthurt like dim draper for buying into 600$ bitcoins. So, if any ETH IPO investors are lurking around here, let us know and share us your pain.
hero member
Activity: 560
Merit: 500
The worse thing is i had almost joined some program of them ,and recently i had bought some eth,without read these fresh news,lets see what will happen next days with it.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
Well i remember eth at 300k and the big pumped that lasted for a ico ,i were thinking that eth would get  litecoin ,and with those funds collected it should be above it and getting close.Really they collected 18 milion dollars?

Yes, they collected about 30,000 BTCs when the price was $600. That's $18 millions!
legendary
Activity: 1414
Merit: 1000
It's like everything else in crypto, a fuckin' scam. Nothing new.
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