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Topic: What if the founder of Ethereum sells all the Ethereum he has in his wallet? (Read 215 times)

hero member
Activity: 1008
Merit: 531
Firstly, very unlikely.

People have been speculating on what Satoshi will do with his coins for a very long time now. Hasn't happened.

Secondly, it's not like Vitalik controls 50% of the supply. The community will be fine - in fact there is probably a lot of people wishing that they can get their hands on cheap ETH right now.
member
Activity: 812
Merit: 10
https://hovr.site/
Why on earth will Vitalik Sell all his Eth and what else will he be buying usdt or solana mate oh I see maybe he buys ada or dot I just hope your brain doesnt give you thoughts like that to type these words Is just impossible except maybe hack or something goes absolutely bad and I think thats unlikely to happen
sr. member
Activity: 1988
Merit: 275
If Vitalik Buterin sold all of his Ethereums, then Ethereum price would be affected by it very seriously I think. Because I guess that he is the one who has the biggest amount of Ethereums in the world. Maybe he will continue to HODL his coins forever or sell only a small amount of it. Otherwise, I agree that the community will be angry at him and lose their belief in him.
when Vitalik Buterin sells all its Ethereum assets. I guess this could affect the crypto economy. but I don't think that will happen, crypto's popularity can be destroyed just because it's vital. surely the ethereum devs can conclude the consequences if they sell ethereum assets..

But in the first place, do you think Vitalik will resort to that path? I don't think he will intentionally ruin what he created in this community. If in case he will do that, I am certain there has valid reason. But so far, I am not seeing that happening. Because once it happens, we know eth network will disappear. Eth is pursuing towards their The Merge - https://www.coindesk.com/tech/2021/10/13/ethereums-latest-progress-toward-proof-of-stake/, so right now, they are still actively developing this network to accommodate the need of users.
member
Activity: 889
Merit: 10
If Vitalik Buterin sold all of his Ethereums, then Ethereum price would be affected by it very seriously I think. Because I guess that he is the one who has the biggest amount of Ethereums in the world. Maybe he will continue to HODL his coins forever or sell only a small amount of it. Otherwise, I agree that the community will be angry at him and lose their belief in him.
when Vitalik Buterin sells all its Ethereum assets. I guess this could affect the crypto economy. but I don't think that will happen, crypto's popularity can be destroyed just because it's vital. surely the ethereum devs can conclude the consequences if they sell ethereum assets..
member
Activity: 601
Merit: 10
Artemis
You are talking here, as if you are a cryptocurrency expert. who will know the true state of the progress of a coin?. The only one who knows this is the coin maker himself. if ethereum is Vitalik Buterin. and I'm sure that Vitalik Buterin will not sell his ownership of ethereum considering that eth continues to improve in every way
sr. member
Activity: 2016
Merit: 283
Am certain ethereum will crash In the same way, as if Jeff Bezos sold all his Amazon shares overnight. Amazon's share price would plummet.
Why would that happen? Simply because the market would have big doubts about the survival of Amazon and here of Ethereum.
Everyone would say that if Vitalik Buterin is selling all his ETH, he knows about something serious that we don't know about.
Vitalik Buterin, like Jeff Bezos, has no interest in doing this. Worse, he would be forever hated by the Ethereum community and could do nothing in the cryptocurrency world.
It is not in his interest to do this as it is for Jeff Bezos with his Amazon shares.
its because only those have big contribution can manipulate the price in the market, or should i say always can make impact when they sell or buy, so don't be surprised why its happening.
and based on your thread question well obviously if that time happen for sure ethereum will fall into the very dip price.. But it's business mate, and vitalik is very smart human on the space wherein he will never end up in a situation, such making stupid decision. It's impossible..
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Am certain ethereum will crash In the same way, as if Jeff Bezos sold all his Amazon shares overnight. Amazon's share price would plummet.
Why would that happen? Simply because the market would have big doubts about the survival of Amazon and here of Ethereum.
Everyone would say that if Vitalik Buterin is selling all his ETH, he knows about something serious that we don't know about.
Vitalik Buterin, like Jeff Bezos, has no interest in doing this. Worse, he would be forever hated by the Ethereum community and could do nothing in the cryptocurrency world.
It is not in his interest to do this as it is for Jeff Bezos with his Amazon shares.
LOL. This will never happen man, even if VB decides to sell all his Ethereum and move on, he is not dumb, he won't do it in a way it will affect the Eth price in the market, he wil probably be selling it bit by bit maybe in an extended period of like a month or two or half a way or even one year depending on the amount of Ethereum coins he owns.

Ethereum is already a very big ecosystem which I believe can survive without VB, check what happened with dogecoin, dogecoin founder sold every thing and abandoned the project way back in 2015(if am not mistaken), fast forward to 2021, dogecoin made it to top 4 on coinmarketcap. Buterin is going no where, even if he does, Ethereum is old enough to survive without him.
legendary
Activity: 1596
Merit: 1288
Ethereum will not directly effect by what the founder did, and if this happen, then the currency is still central and the risk of investing.

Ethereum has become next largest decentralized crypto than the past, which means that the impact of the decisions of vitalik should not affect the price.

Vitalik is smart Developer, he will sell of his coins but

  • will divide them into small parts.
  • He can gain money in other ways other than currencies.
  • His capital will increase if you keep those currencies.

I hold Ethereum and Vitalik is smarter than me.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
If he sells then Ethereum users are more likely to notice that he has sold a huge chunk of his coins, and I really don't expect this to happen because he should know better that this could have an influence of herd mentality and more people would sell but knowing that then again we now have whales in the market abd this sell would just allow more people to get on board as their pending buys would be triggered.

Btw do we still know how much he still owns that's in the public domain.
legendary
Activity: 2212
Merit: 1008
Am certain ethereum will crash In the same way, as if Jeff Bezos sold all his Amazon shares overnight. Amazon's share price would plummet.
Why would that happen? Simply because the market would have big doubts about the survival of Amazon and here of Ethereum.
Everyone would say that if Vitalik Buterin is selling all his ETH, he knows about something serious that we don't know about.
Vitalik Buterin, like Jeff Bezos, has no interest in doing this. Worse, he would be forever hated by the Ethereum community and could do nothing in the cryptocurrency world.
It is not in his interest to do this as it is for Jeff Bezos with his Amazon shares.

You are right that if a big investor sells off one of his assets, it will cause panic in the market, especially if this big investor is a founder of this company. But we can’t equate the situation in the stock market with the situation in crypto. When a big investor sells his shares, he loses his influence and he can’t make decisions. But Ehteruem doesn’t belong to Vitalik, it is decentralised. But anyway, selling off from his side would shake Ethereum’s position.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
I didn't even think that would happen. If ethereum founder was only selling a small amounts of his ethereum and could this be something wrong? i guess it could not. The founder has a small percentages from the total tokens that already allocated to the team. It's up to him whether he wanna sells his coins or not as long as he will not dump it to create a flash crash in the market and then people will be seeing it as a common thing. I must also remind you that even jed former of XRP has sold all of his stash to the market instantly. that proves that if that's not a wrong thing.
full member
Activity: 2128
Merit: 180
Actually he has already sold a huge part of his total Ethereum assets before. And the usual thing that will happen is the price will go down.
Everyone would say that if Vitalik Buterin is selling all his ETH, he knows about something serious that we don't know about.
A bear is coming? the project is failing? seriously, it's just all about taking his profits.
Its his money and selling is not a bad thing, beside if a project is a good one it can stand alone even if the founder sell his holdings because there are so many investors that are willing to buy at a cheaper price and if Vitalik sold some of his holdings again, then the price will just correct for a little but after that it will rise again as long as they don’t abandon ETH.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
Actually he has already sold a huge part of his total Ethereum assets before. And the usual thing that will happen is the price will go down.
We have no idea how much Ethereum Vitalik Buterin is holding right now but at point he disclosed that he was holding 355,000 ETH  but during the course there were reports that he sold billions of dollars worth of ETH and there is no clarity regarding how much he holds now and this year there were reports that he moved billions of dollars worth of ETH and even if he sells them unless he reveals no one is going to know about it  Cheesy.
full member
Activity: 1008
Merit: 104
Unfortunately Vitalik is not the same as Jeff Bezos in all the characteristics he has. There is absolutely nothing in common. So when you imagine that Vitalik sold all the Ethereum that he owns then do you know how much Vitalik loves what he has fought for all his life?
You should know the historical value of Vitalik and Ethereum.
Comparing Ethereum to Amazon? in what ways can it be equated? decentralization and centralization? cryptocurrencies and stocks?
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
I don't think such thing can happened
Anyways like we all know Ethereum is
A crypto currency, a digital money in that
Matter, at any point of time if the
Founder wish to sell it anyways
Life still continue with other
Crypto.
Well, he has all the right to sell his ethereum he has in his wallet because its owned by him and not ours. But i don't think he'll probably sell all of them altogether. He might sell only a portion of them. If he can make profits with that, then why not? After all, we invest and hold for the sake of profits and now that its already in front of you, then grab it. For me, when i see to it that my target selling price is already achieved, then i should start selling some of them. Maybe he has a better plan after that that will also yield better profits.
hero member
Activity: 2156
Merit: 531
As a developer definitely don't want work to be destroyed all at once ,plus have to conect with the wider community ,I don't think Vitalik will sell its assets at the same time when ATH peaks because the profits are huge and the future is guaranteed ,Ethereum is not a scam coin and the work isn't fake
sr. member
Activity: 1033
Merit: 250
Leading Crypto Sports Betting & Casino Platform
I don't think such thing can happened
Anyways like we all know Ethereum is
A crypto currency, a digital money in that
Matter, at any point of time if the
Founder wish to sell it anyways
Life still continue with other
Crypto.
Obviously, there won't be a problem with the founders of Ethereum as long as everyone still has a lot of faith in Ethereum, because this won't have a bad impact when the platform's users have started to dwindle and traders are still eager to buy Ethereum in its current state.
newbie
Activity: 1
Merit: 0
I don't think such thing can happened
Anyways like we all know Ethereum is
A crypto currency, a digital money in that
Matter, at any point of time if the
Founder wish to sell it anyways
Life still continue with other
Crypto.
full member
Activity: 1204
Merit: 102
if that's the case, it's not a good situation. behind the scenes of ethereum there may be a problem so big that it makes Vitalik not want to hold the coin that he has developed. this will be the end of ethereum, just imagine who would trust this platform if its founders didn't want to hold ETH. so this would be a very bad situation for ethereum. after that Vatalik will probably be considered a criminal by the crypto community.
legendary
Activity: 3808
Merit: 1723
I remember back in 2016, news came out that he sold “some” of his holdings when it was at like $20 which was the ATH at the time back then and the coin didn’t crash.

Developers are allowed to sell some of their coins to pay the bills and such. It’s understandable. However remember when Litecoin founder sold his coins at the top of 2018? It actually was the top of Litecoin. However whether it’s because he sold or because the crypto bear market has already begun is hard to say.

However I don’t think he would sell all his coins at once.
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