imagine 550,000 ETH dumped in a few hours

n691309

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Quote from: StealthCoin1 on July 01, 2017, 04:58:29 AM

Quote from: clardalan on July 01, 2017, 02:19:18 AM

So, with EOS collecting 550,000 ETH already, and first round ending in 5 hours....

and it will be traded already on bitfinex?

so, we can imagine the proud owner of 550,000 ETH wants to cash some to pay development?

How much would you cash in current state of ETH?

I would cash all.

If he cashes all, what happens to the ETH price?

Yeah that happens. we are talking about 550,000 x 300 = 165,000,000 $ worth of ETH.

brace for impact.

If 165,000,000 $ worth of ETH dumping across exchanges the price per Eth probably go down to $5. There are not enough buy walls money to sustain that 165,000,000 $
Also most of these Eth volumes are fake.

EOS has been listed today in Kraken so there are more exchanges that are supporting this coin and the market cap seems to be 200k+ which is really a good start. They are not stupid to sell all the Ethereum collected during the ICO, nobody would sell the etherum for two digits. I first watched for the history in coinmarketcap but noticed that it was released only a day before.

leopard2

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I am pretty sure the ICO's will use off exchange traders (OTC). Question is, what happens if the demand drops and they need to sell ETH to pay their running costs... Huh

Red-Apple

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Quote from: Zadicar on July 02, 2017, 07:37:33 AM

Quote from: Spoetnik on July 01, 2017, 09:28:15 AM

Pay for development? HAHAHAHAHAHAHA Cheesy

Didn't he make shit loads on all the other shitcoins he put out?

Hmm until he gets bored of this profit scheme?
The answer lies in the topic title Shocked

Does anyone have any idea why a developer would post a project he already made..
For a ton of money.. When he doesn't even need the money?

Absolutely right, why would a developer would decide such thing if he doesnt really need money at all and he know already know that his project would really generate much more money later on. Dumping all of those ETH would surely affect its market price its just a simple economic subject regarding supply and demand.

the biggest problem is that what OP mentions here is not the only one out there!
at some point things got out of hand, every damn day we saw a new ICO and every one of them was big. and that means even if each dump only a small portion of what they have gotten, price tanks hard.

when you push a wagon up the hill with 100 guys the only thing that is holding that wagon in its place is the force you are putting behind it. as soon as that force (being the fake demand that ICO caused) is removed the wagon is going to start rolling down each of those guys who step out means less force holding a heavy wagon up. Cheesy

clardalan

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Bitcoin amateur learning by doing

he will basically get 1bln $ in his pocket, for developing a 1m$ codebase...

This is stupid. people should not invest in this crap.

Even what he makes is great, and only time tells that, this makes Vitalik look like a Saint.

What is really the risk he is taking? Investors are taking a leap of jump, hoping in 3 years there will be some proven ETH alternative.

By that time: BTC will be better
ETH will be better
Many altcoins will be better.

how is it that EOS is by far the better alternative? Market prices it 1b$, to make any money you need to reach 1b$+ market cap. And in the meanwhile, imagine eth price just 3x?
You lost money in that case. easy.

Zadicar

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Quote from: Spoetnik on July 01, 2017, 09:28:15 AM

Pay for development? HAHAHAHAHAHAHA Cheesy

Didn't he make shit loads on all the other shitcoins he put out?

Hmm until he gets bored of this profit scheme?
The answer lies in the topic title Shocked

Does anyone have any idea why a developer would post a project he already made..
For a ton of money.. When he doesn't even need the money?

Absolutely right, why would a developer would decide such thing if he doesnt really need money at all and he know already know that his project would really generate much more money later on. Dumping all of those ETH would surely affect its market price its just a simple economic subject regarding supply and demand.

slackcryptoz

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That's a huge volume. Such a sudden dump will surely cause a market fluctuations in a large scale. As one of the user stated the growth happening through the ICO using ethereum platform will serve as an stabilty gain if majority of the ICO's grow successfully.

qiman

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TOO many ICOS at once on the ETHEREUM platform may not bode well for the price of ETHEREUM in the interim, BUT having said that, if just half of these ICOS become very successful in the future, it may spark a bigger interest again in ETHEREUM and more real investment coming in, not just short term speculators.

olushakes

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Quote from: adaseb on July 01, 2017, 02:42:28 AM

There were other ICOs which raised similiar amounts and price hasn't crashed.

If they start selling right away we can tell because we know where the ETH is sitting.

And this is the main reason why what OP is imagining will not happen because all eyes is really on them right now to not only live up to expectation but also not to crash the market. Also a responsible developer wont even need all that money at once because the project will definitely be completed in phases and aside that the other developers to be paid will equally be involved in crypto which means they will be paid in ETH while only few will want to cash out into fiat immediately.

benthach

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Quote from: overnightmillionaire on July 01, 2017, 08:32:26 AM

Quote from: trackr-im on July 01, 2017, 07:06:42 AM

Selling that amount of ETH at once wouldn't be smart and definitely at this time would impact the market to some extent, most ICOs tend to held hold on to their ETH to pay their team, research and development and so on. It would be odd if it was any different this time around.

EOS plans to replace Ethereum, Dan's plan is to crash ethereum when the time is right.

if dan/they plan to take over this ico/token platform then this is the only option, dan/they're probably not smart enough to think this kind of high level of thinking stuff, also coding is another level of high iq shit.
if this happen people will chose EOS, ETH or ARK, it would be equal playing field after the dump but then i don't think dan/they have this kind of high iq or next level shit of thinking
i hope and highly recommended that dan will dump this shit eth all across exchanges to get the attention of EOS, in order to take over this ico/token platform but then again it depend on his level of iq and team orchestrating
i think this shit eth and the crook team doing bad to crypto world is enough, yes, some think eth is good but pyramid scam without working is bad.

dissident

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Yeah, he's going to take the money and run. $165 million dollars? I'd take the money and run. Who's silly enough to dump so much money into these ICOs? Developers don't need to get paid. A lot of modders spend hundreds of hours making big mods for games like Skyrim without the expectation of any significant compensation.. it should be a labor of love like NEM was, where you get rewarded after you put in the work and your coin rises in value. You know these are all scams. Paying people based on promises and a fancy looking website... meanwhile great coins like Pascal which are making genuine progress sit with low market caps, with people like me accumulating them.

Spoetnik

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FUD Philanthropist™

Pay for development? HAHAHAHAHAHAHA Cheesy

Didn't he make shit loads on all the other shitcoins he put out?

Hmm until he gets bored of this profit scheme?
The answer lies in the topic title Shocked

Does anyone have any idea why a developer would post a project he already made..
For a ton of money.. When he doesn't even need the money?

speaktome

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Merit: 250

Quote from: StealthCoin1 on July 01, 2017, 04:58:29 AM

Quote from: clardalan on July 01, 2017, 02:19:18 AM

So, with EOS collecting 550,000 ETH already, and first round ending in 5 hours....

and it will be traded already on bitfinex?

so, we can imagine the proud owner of 550,000 ETH wants to cash some to pay development?

How much would you cash in current state of ETH?

I would cash all.

If he cashes all, what happens to the ETH price?

Yeah that happens. we are talking about 550,000 x 300 = 165,000,000 $ worth of ETH.

brace for impact.

If 165,000,000 $ worth of ETH dumping across exchanges the price per Eth probably go down to $5. There are not enough buy walls money to sustain that 165,000,000 $
Also most of these Eth volumes are fake.

Maybe there are no such buy walls,but you now,as soon as the price declined i would think that immediately that would change to have more purchase support preventing such a fall.

dady12

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I don't think there will be any problem because people running an if I have done that in the past and this is not the first time a d I don't believe that they will be able to sell those amount at that short interval of time ,this is going to create fear among in estor but there can't be a reason to panic

overnightmillionaire

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Quote from: trackr-im on July 01, 2017, 07:06:42 AM

Selling that amount of ETH at once wouldn't be smart and definitely at this time would impact the market to some extent, most ICOs tend to held hold on to their ETH to pay their team, research and development and so on. It would be odd if it was any different this time around.

EOS plans to replace Ethereum, Dan's plan is to crash ethereum when the time is right.

trackr-im

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Selling that amount of ETH at once wouldn't be smart and definitely at this time would impact the market to some extent, most ICOs tend to held hold on to their ETH to pay their team, research and development and so on. It would be odd if it was any different this time around.

kelsey

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Quote from: kalisto on July 01, 2017, 06:39:24 AM

what goes up must come down Cheesy

and usually alot harder Kiss

kalisto

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what goes up must come down Cheesy

phr0stbyt3

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This could be devastating for ether as it surely isn't as strong as bitcoin when it comes to price drop. Let's say orice is 300$ now after this dump it can go down to 150$ also and normally in case of bitcoin it woumd return to 300$ within few days or weeks but for ether it can take several months to recover

Maskedman

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I would not worry about that, people running ICOs know that if they want to keep their money, they have to sell little by little, and that is what they do. And even if they sold it all, price would crash but would recover easily since many people would see a good opportunity.

StealthCoin1

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Life failures Stealthcoin, Ark coin and Safemoon

Quote from: clardalan on July 01, 2017, 02:19:18 AM

So, with EOS collecting 550,000 ETH already, and first round ending in 5 hours....

and it will be traded already on bitfinex?

so, we can imagine the proud owner of 550,000 ETH wants to cash some to pay development?

How much would you cash in current state of ETH?

I would cash all.

If he cashes all, what happens to the ETH price?

Yeah that happens. we are talking about 550,000 x 300 = 165,000,000 $ worth of ETH.

brace for impact.

If 165,000,000 $ worth of ETH dumping across exchanges the price per Eth probably go down to $5. There are not enough buy walls money to sustain that 165,000,000 $
Also most of these Eth volumes are fake.

Topic: imagine 550,000 ETH dumped in a few hours (Read 1888 times)