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Topic: Will ETH dump even more due to PlusToken? (Read 543 times)

hero member
Activity: 1358
Merit: 509
December 22, 2019, 07:23:18 AM
#77
A project like bitconnect and the result is the same. In fact, there was a project called mnx, they had also faced such a result. I understand that projects that generate interests mostly turn to shit/scam at the end.
Lol is this another one noname project? I dont sure that it has impact on big crypto
We are discussing how the 789k ethereum, which plustoken earned by scamming people, will affect the price. Otherwise, plustoken can do what it wants with its own tokens.
jr. member
Activity: 121
Merit: 1
December 22, 2019, 06:25:18 AM
#76
Lol is this another one noname project? I dont sure that it has impact on big crypto
hero member
Activity: 2870
Merit: 594
December 22, 2019, 06:11:08 AM
#75
Well if the supposedly PlusToken scammers has been dumping bitcoin and other cryptos and had a negative effect on the market, then possible that it will also put a dent on Ethereum.

It was reported that the price of bitcoin was severely affected because those scammers are moving it and trying to hide their tracks so that they can cash it out. So I'm sure they will also do the same for Ethereum severely affecting its already worsening price conditions.
jr. member
Activity: 58
Merit: 1
Worlds Simplest Cryptocurrency Wallet
December 22, 2019, 05:28:12 AM
#74
That's not good News for ETH holders, Holder are panic if they see this news and again Eth dumping possible, now we are watch this wallet and wait that's we do.  Cry     
hero member
Activity: 1426
Merit: 506
December 22, 2019, 05:21:10 AM
#73
I remember that time when I was in Singapore, one weird looking guy approached me and introduced me to PlusToken. As what I have seen in their compensation plan, I immediately moved away and said "No, I'll pass!". Ponzis are not for me.
I did not understand the circumstances in which you were approached by a stranger to invest into something which is crypto related, how come the one that approached you knew that you were aware of the crypto market.

I just feel sorry for those who are being victimized by PlusToken. 
The amount of money these scammers are able to collect is just staggering and they are holding $105 million dollars worth of ETH and can be dumped in the market anytime and is there nothing that can be done, i am sure their wallets are market and why not the exchanges confiscate their wallets.
full member
Activity: 1386
Merit: 101
ComboLabs
December 21, 2019, 06:16:56 PM
#72
Price of ethereum now is 128$ only and think its true that reason of price decrease is because of Plustoken,  This is the black part of crypto because money is easily robbed away by scammers hopefully price of ether recover again. And we will see again the price of ethereum back on bull  move. Like what happen before on the past bitcoin bull run
I don't think so, https://etherscan.io/address/0x997114ca0830e9bee7443368fa27f4af2d4e55a6 you can check at that address, all funds are still stored. I am more certain that this news is what makes ethereum prices go down
take it easy ethereum still has strong fundamentals, and indeed prices are still very cheap for now, but this is what will make traders make long-term investments, maybe 2020 or after ETH 2.0 is launched ethereum will skyrocket
sr. member
Activity: 896
Merit: 305
www.thegeomadao.com
December 21, 2019, 12:34:41 PM
#71
Price of ethereum now is 128$ only and think its true that reason of price decrease is because of Plustoken,  This is the black part of crypto because money is easily robbed away by scammers hopefully price of ether recover again. And we will see again the price of ethereum back on bull  move. Like what happen before on the past bitcoin bull run
I don't think so, https://etherscan.io/address/0x997114ca0830e9bee7443368fa27f4af2d4e55a6 you can check at that address, all funds are still stored. I am more certain that this news is what makes ethereum prices go down
hero member
Activity: 938
Merit: 501
December 21, 2019, 11:58:08 AM
#70
Price of ethereum now is 128$ only and think its true that reason of price decrease is because of Plustoken,  This is the black part of crypto because money is easily robbed away by scammers hopefully price of ether recover again. And we will see again the price of ethereum back on bull  move. Like what happen before on the past bitcoin bull run
Even the ETH of PlusToken has not been sold yet. They have just moved it to another wallet and this has scared investors and sold off all ETH, causing the price of ETH to go down as low as it is now. And if PlusToken sells all that ETH, I think the price of ETH could go below 50$ or even lower, which is terrible.
sr. member
Activity: 714
Merit: 254
December 21, 2019, 11:54:50 AM
#69
Ethereum has proven its existence over the past years,but because of the fact that the price has become too stable or didn't have any correction or don't have a good price movement and the negative news a lot of people were too panic too and lose confidence over Ethereum and with the fact that seems like Vitalik is not doing something good for it.
sr. member
Activity: 1078
Merit: 342
Sinbad Mixer: Mix Your BTC Quickly
December 21, 2019, 11:35:09 AM
#68
Price of ethereum now is 128$ only and think its true that reason of price decrease is because of Plustoken,  This is the black part of crypto because money is easily robbed away by scammers hopefully price of ether recover again. And we will see again the price of ethereum back on bull  move. Like what happen before on the past bitcoin bull run
Yes, the price is decreased because of the Plustoken, but I believe that etheruim will increase again because it has really a good potential, it was being always the second after bitcoin in the market and a lot of people really like to invest in it, so we just need to be patient and wait for the next increase of prices.
hero member
Activity: 1273
Merit: 507
December 21, 2019, 10:57:15 AM
#67
Price of ethereum now is 128$ only and think its true that reason of price decrease is because of Plustoken,  This is the black part of crypto because money is easily robbed away by scammers hopefully price of ether recover again. And we will see again the price of ethereum back on bull  move. Like what happen before on the past bitcoin bull run
newbie
Activity: 1
Merit: 0
December 21, 2019, 10:43:15 AM
#66
Terrible news, although it was expected that they'd move to dumping their ETH at some point.

Hopefully we will know when they are over and buy ETH at a really low price. Second chance for late investors.
full member
Activity: 778
Merit: 100
SmartFi - EARN, LEND & TRADE
December 21, 2019, 10:39:38 AM
#65
Plus token dumping ETH may be the reason for price drop of ETH but it cannot be the only reason I believe. Even BTC was dumped but it recovered whereas ETH could not recover. Personally I will be adding more ETH to my wallet if price drops. I trade forex with ETH as base currency and want to grow my ETH, it is a potential coin for me which must recover. I am not expecting ETH to go below $100 this time.
it happened because of market conditions. the pump that happened this year could move ETH even though it fell back. that's because of the dominance of bitcoin which is very strong. if ETH wants to grow with bitcoin I think there must be a reason for increasing adoption of ETH today. when the pump happens to bitcoin I think ETH could have followed it.
full member
Activity: 868
Merit: 104
December 21, 2019, 10:32:57 AM
#64
Plus token dumping ETH may be the reason for price drop of ETH but it cannot be the only reason I believe. Even BTC was dumped but it recovered whereas ETH could not recover. Personally I will be adding more ETH to my wallet if price drops. I trade forex with ETH as base currency and want to grow my ETH, it is a potential coin for me which must recover. I am not expecting ETH to go below $100 this time.
newbie
Activity: 59
Merit: 0
December 21, 2019, 08:04:56 AM
#63
The fact that large sums of money are moving is very frightening. Whale Alert must continue to track the wallet being PlusToken. I also feel sorry for you, sorry for the people who are being victimized by PlusToken.
newbie
Activity: 65
Merit: 0
December 21, 2019, 08:02:12 AM
#62
A large number of ether (ETH) tokens have just been transferred from the wallet linked to the Ponzi PlusToken scheme. a large $ 105,099,000 crypto asset of the Ethereum network moved somewhere before today. many investors panic. This will make ETH shed even more due to PlusToken.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
December 21, 2019, 08:00:49 AM
#61
A huge number of ether (ETH) tokens have just moved from a wallet associated with the PlusToken Ponzi scheme. More than $105,099,000 worth of the native crypto asset of the Ethereum network moved between the wallet and an unknown one earlier today.

The Twitter account Whale Alert (@whale_alert) highlighted the huge transfer this morning. The total number of Ether moved was a massive 789,525 ETH.


Source link here

This is something that we feared the most, unless you are a buyer waiting for your buy order to be filled.

Whale Alert keeps monitoring the wallet that are being used by PlusToken, and it's now being moved to an unknown wallet.

I remember that time when I was in Singapore, one weird looking guy approached me and introduced me to PlusToken. As what I have seen in their compensation plan, I immediately moved away and said "No, I'll pass!". Ponzis are not for me.

I just feel sorry for those who are being victimized by PlusToken.
https://etherscan.io/accounts/label/plus-token-scam how many wallet addresses they use will continue to be marked as scams, I think if all exchanges work together to overcome this it will be better, so they cannot sell their funds as valuable lessons for them, I feel sorry for people who have been deceived and while the founder of Plus Token might be thinking about how to sell their money, my hope next year there should be no cases like this where people should stop to join a fast-rich business let alone be required to attract new users such as ponzi schemes, it's better to leave it, eth won't go under $ 80
legendary
Activity: 3248
Merit: 1179
December 21, 2019, 07:51:49 AM
#60
This is the first time I see for plus token, where people find these projects to invest in? If plus token is some ponzi scheme it wouldn't be the first time that people lose their money in crypto, I don't care about that, each of us is responsible for decisions we make. Where we invest money and time, and people rush into shady projects for what? For fast profit, promises about lamburgini after few months? It's why I don't even care for those people who lost their money, next time they should think twice before they invest money, especially in some new project. They will learn how to stick with reputable coins after this.

Moving huge amounts of coins and dumping them can cause price drop, but like always that would be just temporary. If price drops I will add some more eth to my stash.
sr. member
Activity: 554
Merit: 271
December 21, 2019, 07:40:56 AM
#59
This is always happen of dump price in the end of the year.
Not only ETH. Bitcoin and others Altcoins dump in this month.
ETH price now is ±$125 in the market. I hope ETH will enough in that price and don't dump until the beginning of 2020.
sr. member
Activity: 1274
Merit: 263
December 21, 2019, 07:08:58 AM
#58
it might touch $80(flash dump) if they decide to dump it at once but they will not do that because they can get more money by selling it bit by bit. if they are selling it bit by bit, at most the market will touch $100 or $90, I am saying this because the market does not look that bad right now. unless we are seeing another dump on bitcoin, if not it will be at most around my prediction.
with the total eth that they have, the possibility of price foundation can be shaken forever only by them.

maybe not under $ 100 unless their OTC off-ramp transaction moves smoothly with several commands at once, I think they won't be too hasty. we all still monitor when they will carry out a real reaction, or it will only affect the recurring retracement pattern.
this is impossible, they will not be able to shake the market forever because they have a limited number of coins. they only have around 789,525 eth, it is not even 1% of eth circulating supply. only time can recover the price and fix this.
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