Author

Topic: Someone's dropping 18M of ETH (Read 1951 times)

sr. member
Activity: 518
Merit: 252
June 12, 2017, 10:50:31 PM
#15
Geez, so much $$$  Shocked. I would not feel comfortable having that much on polo, but hey I am not a baller shot caller like this fella Wink
sr. member
Activity: 476
Merit: 250
June 12, 2017, 03:25:42 PM
#14
I was looking into the sell and buy walls in the Exchange and you're right. A bag holder could have dropped its ethers in order to make profit realization, I think.
member
Activity: 206
Merit: 10
The World's First Cryptocurrency Social Network
June 12, 2017, 02:45:11 PM
#13
Ethereum definitely has legs to run. I don't see a bubble at all, perhaps a correction with some profit taking, but long term a HOLD. (and great investment)
sr. member
Activity: 658
Merit: 255
June 12, 2017, 12:35:57 PM
#12
Eth is in the big bubble. Its price will burst to $200 wait and see
newbie
Activity: 15
Merit: 0
June 12, 2017, 12:21:58 PM
#11
There's no way I would trust all of that at once in an online exchange.
Yeah, absolutely not.
hero member
Activity: 2282
Merit: 505
June 12, 2017, 11:35:13 AM
#10
I can't see it. But too many people are fomo in ethereum. The more bitcoin fan will take a look on the thereum to be his potential portfolio. There is no bubble in ethereum this just about people are realized it as good place.
legendary
Activity: 2702
Merit: 1064
Juicin' crypto
June 12, 2017, 11:31:26 AM
#9
now is ETH exit time ppl.............................
newbie
Activity: 28
Merit: 0
June 11, 2017, 11:31:07 PM
#8
it depends who the person owning that 18 million ETH tokens is!
- an imaginary person: obviously no effect
- a whale who is not connected to ethereum foundation and Vitalik: price can take a hit but those guys have a lot more money to put up buy walls that one whale can do nothing.
- the ethereum foundation and Vitalik themselves: price will tank hard and there is nothing stopping it because the only one that was preventing crashes so far with their fake-whaly-buy-walls are selling themselves now.

so figure out who the whale is and you get your answer.


its also possible that the 18M wall didnt have the desired effect of sending the price moving downwards.

if you look at the Polo 24hr chart set to 30 min for 12th June, you can see price flat-lined against the wall, but pressure was clearly on the upside and increasing, so it would have chewed through the wall eventually and the whale would have then had no Eth left. it was hardly bouncing down from it at all, but rather increased. so... possibly they pulled it out because it didnt have the desired effect, or even that another whale started pounding into the 18M wall in response. battle of the titans, we are just pawns in their game.

market depth also shows a lot more buyers weight than sellers. Eth is motoring right now.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
June 11, 2017, 11:21:55 PM
#7
it depends who the person owning that 18 million ETH tokens is!
- an imaginary person: obviously no effect
- a whale who is not connected to ethereum foundation and Vitalik: price can take a hit but those guys have a lot more money to put up buy walls that one whale can do nothing.
- the ethereum foundation and Vitalik themselves: price will tank hard and there is nothing stopping it because the only one that was preventing crashes so far with their fake-whaly-buy-walls are selling themselves now.

so figure out who the whale is and you get your answer.
newbie
Activity: 28
Merit: 0
June 11, 2017, 11:21:32 PM
#6
more ICO project release will raise the price to the moon
if the profit of ICO down,market bubble will coming!

yea a lot of Bitcoin 'fanboys' who dont like Eth say the same thing. the ICO bubble will pop and then ETH will drop.
they just fear the flippening. besides, Bitcoin shouldnt still be going up given the speed/fee drama it is facing right now, but it is still going up.

and in fairness if you can pick a good business model behind a good ICO and coin, then why would it not be a success?
traditional stock trading has been working this way just fine for many years with IPO launches.
newbie
Activity: 33
Merit: 0
June 11, 2017, 11:19:43 PM
#5
There's no way I would trust all of that at once in an online exchange.
sr. member
Activity: 308
Merit: 250
June 11, 2017, 11:14:24 PM
#4
more ICO project release will raise the price to the moon
if the profit of ICO down,market bubble will coming!
newbie
Activity: 28
Merit: 0
June 11, 2017, 10:48:32 PM
#3
On Poloniex.

Discussion on what's going to happen to the price?

Price
0.11400000   

ETH
60232.36541076

BTC Value
6866.48965683   

lol the price was flatlining at 0.114
but it only took 3 hours then buyers chewed through the lot and it surged upwards in the last 30 mins.
classic.
no stopping Eth. the flippening is clearly still happening. ICO fever working like the gold rush era

EDIT:
not sure that they left the 18M in though, as volume of Eth in the 2 hour period is only about 31K from what I can see , they must have pulled it out after 2 hours. could this be whales fighting?
hero member
Activity: 680
Merit: 500
June 11, 2017, 08:37:45 PM
#2
Arrr a bagholder it be.
newbie
Activity: 98
Merit: 0
June 11, 2017, 08:07:13 PM
#1
On Poloniex.

Discussion on what's going to happen to the price?

Price
0.11400000   

ETH
60232.36541076

BTC Value
6866.48965683   
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