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. 
Topic: Will ETH dump even more due to PlusToken? (Read 546 times)
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
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.
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.
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. 
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 $105 million dollars worth of ETH and can be dumped in the market anytime and is there nothing that can be done, i am sure their wallets are market and why not the exchanges confiscate their wallets. 
Price of ethereum now is 128$ 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
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 
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.
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.
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.
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
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.
Hopefully we will know when they are over and buy ETH at a really low price. Second chance for late investors.
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. 
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
Don't think such transactions will affect the market. Do you really think they will sell this sum for BTC or USDT on some exchange? 
Such operations are usually made manually - by private exchange deals.
This takes place through private deals which is the truth. As here the plus token is associated with the massive fund moving this could've caused small change in the market of ethereum. Right now it doesn't look like a moving to manipulate the market as it is already bleeding heavily. The dump is happening continuous for a long, to the same this ponzi does its role. Such operations are usually made manually - by private exchange deals.
History has always shown that if a coin is obtained in a dubious way and sold, it usually cause a form of shake in the market, because it is more or less like dump.
Meanwhile, this does not last for long. If there Iran eventual dump, it will come back to normal within a short period of time.
Meanwhile, this does not last for long. If there Iran eventual dump, it will come back to normal within a short period of time.
Do you know what has undeservingly fallen into the shade? Although the Ethereum price has been falling, the blockchain itself has been a success. According to the report from DappRadar, every dapp category has grown significantly either in daily activity, user base growth, or both. Thus, the Ethereum blockchain has been the most popular one to deploy decentralized applications on. Every cloud has a silver lining, I guess.
What's the relationship with dapps? in this case we are talking about the possibility for plus token to create a panic sell like what happened with bitcoin a few days ago. Even when the dapps adoption has growth and it doesn't mean if they are all will be using ethereum. Remember they are all having their own token or assets.
more than 800k ethereum is about to be dumped to the market and this will give a huge impact just like a flash crash for ethereum.
That's not related to the dapps adoption or even development. dapps is exist to adopt its token to be useful on the platform.
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Don't think such transactions will affect the market. Do you really think they will sell this sum for BTC or USDT on some exchange?
Such operations are usually made manually - by private exchange deals.
Such operations are usually made manually - by private exchange deals.
If they decide to sell such a huge amount of tokens, it is surely possible that ETH will drop further and finally reach 50 bucks per coin. It would be awful, but what you can do, if such guys are earning money in ponzi schemes using ETH.
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.
I think it's legitimate if it is considered a marketing strategy used by ETH, in the end of 2017 I campaigned on a token involving ETH, but after seeing the numbers you put there I was worried that it was a scamm, because in my experience I had never thought of that much, even though can happen with the smallest possibility 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.
ETH is still the second largest coin in the cryptocurrency market, lots of fans and investors investing in ETH. However, during the recent time ETH has encountered many difficulties, the reputation of this coin is lower. If the development team does not solve these difficulties, I think that the price of ETH will continue to decline.
In this case, it would be a disaster for ETH if the number of tokens was released on the market.
In this case, it would be a disaster for ETH if the number of tokens was released on the market.
I mentioned it in the diffrent discusion. But I am sure that it will affect the price. Imagine the pressure when market is full of cheap Ethereum coins. It is almost 1% of total supply, if they dump it at once, we will see Ethereum under 100USD level.
Wait? Ain't it the other way around?
https://cryptoslate.com/plustoken-scammers-could-be-behind-the-recent-pump-moves-100m-in-ether/
They say here that it was the PlusToken which is the reason for the pump of Ethereum. A $105M worth of Ethereum.
It was BTC which is hurt and not Ethereum. Correct me if I am wrong.
https://cryptoslate.com/plustoken-scammers-could-be-behind-the-recent-pump-moves-100m-in-ether/
They say here that it was the PlusToken which is the reason for the pump of Ethereum. A $105M worth of Ethereum.
It was BTC which is hurt and not Ethereum. Correct me if I am wrong.
I really feel sad for those who are directly got scammed this PlusToken scam. Its affecting the whole crypto community by creating a panic in the market. Sometimes I feel that we need a strong regulation on these new projects.
If they dump it will be an golden opportunity to buy eth at cheaper rate, it's just a shame that plustoken went scam, it was huge and too many people get scammed, we need regulation fast
Yes, for ETH tokens, we are not afraid to buy them at cheap prices, because the potential price increases are always there, and those who like ETH tokens are also very numerous, so it is very obvious that ETH token trading is always in all crypto markets.
I think that we all got victimized by it by them keeping the prices down pretty effectively. Yeah, it will most probably affect on eth prices as well it most probably have affected in btc prices. One would hope that they would get caught but as they haven't yet been caught, it can be too late in the effect of protecting the price.
If they dump it will be an golden opportunity to buy eth at cheaper rate, it's just a shame that plustoken went scam, it was huge and too many people get scammed, we need regulation fast
Yes, for ETH tokens, we are not afraid to buy them at cheap prices, because the potential price increases are always there, and those who like ETH tokens are also very numerous, so it is very obvious that ETH token trading is always in all crypto markets. Do you know what has undeservingly fallen into the shade? Although the Ethereum price has been falling, the blockchain itself has been a success. According to the report from DappRadar, every dapp category has grown significantly either in daily activity, user base growth, or both. Thus, the Ethereum blockchain has been the most popular one to deploy decentralized applications on. Every cloud has a silver lining, I guess.
But here is the fact, ETH is dumping because of this even though it has not started yet. Growth, adoption will not relieve our fear of dumping because they hold a lot of coins that could affect the market. There is no doubt the price will recover after the dump, but we do not know when will this going to stop and happen. We do not know when will they are going to sell their token on the market, it will definitely affect the price and trigger the dump. 
Do you know what has undeservingly fallen into the shade? Although the Ethereum price has been falling, the blockchain itself has been a success. According to the report from DappRadar, every dapp category has grown significantly either in daily activity, user base growth, or both. Thus, the Ethereum blockchain has been the most popular one to deploy decentralized applications on. Every cloud has a silver lining, I guess.
I agree, this will come to pass and Ethereum will eventually recover, they are not in the second spot in the market for nothing I see Ethereum reaching more milestone this 2020 if this is the year of Bitcoin because of it's halving, Ethereum will have a shares of achievement this, they have been tarnished by these bad ICO's, but they will be back in their feet.
Do you know what has undeservingly fallen into the shade? Although the Ethereum price has been falling, the blockchain itself has been a success. According to the report from DappRadar, every dapp category has grown significantly either in daily activity, user base growth, or both. Thus, the Ethereum blockchain has been the most popular one to deploy decentralized applications on. Every cloud has a silver lining, I guess.
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.
I suspect that this dump is approaching the development of Etherher 2.0 and Bitcoin Halving. these efforts could have been made by whales so that the development failed and etherum and bitcoin failed to reach the highest price.
We aren't certain for that yet, let's do some sort of discreet investigations before concluding that these are really initiated by whales. Although that's possible, but we need to think for a broad coverage because many factors affected Bitcoin's price increase. We can't just intimately focus on whales all alone.
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.
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.
People who are investing in Cryptocurrency should now think better after two hard years of experiencing to many scam like OneCoin, Bitconnectcoin and PlusToken, this is a hard lesson to learn but will give an example on what to invest and what not to invest, because we have now see examples of projects that looks like scam and Ponzi scheme.
A huge number of ether (ETH) tokens have just moved from a wallet associated with the PlusToken Ponzi scheme. More than $105,099,000 worth of the native crypto asset of the Ethereum network moved between the wallet and an unknown one earlier today.
That's a lot of money they got there. I feel kinda sorry for whoever joined such Ponzi scheme especially newbies, that doesn't know a thing that it's not a good way to invest their money. Ponzi and the likes is a big NO for those who have the knowledge, sadly not everybode aware of the risk yet.
I can't even imagine if they sell such amount of assets what would happen the price of eth. If it comes to this, I'm afraid to see another dump even though we've only seeing green for a bit. Thankfully Ethereum price as of now is still normal, I hope it won't happen though.
Until now, the price of ETH has been growing quite well, but if that amount of ETH is released on the market, the price of ETH will probably drop sharply. Perhaps people should be cautious before deciding to buy eth around this time.
If they dump it will be an golden opportunity to buy eth at cheaper rate, it's just a shame that plustoken went scam, it was huge and too many people get scammed, we need regulation fast this could not be the only reason for the drop, there are many factors determining the price(it might be used to spread the fud to pressure bitcoin). there is no way they will be able to sell it at once because their address is tracked.
Until now, the ETH has not been moved to exchanges yet, so the recent declines have nothing to do with this news. But be careful because this ETH has been moved and it will probably be sold in the next few weeks, and if it happens then I believe ETH will go down to 80$ again.
Any body who has even the minimum experience in Cryptocurrencies should know that Ponzi schemes are a No No because it would always end in one thing... Lamentations and I am not talking about the book of Lamentations in the Bible, I am talking about the real tears and gnashing of teeth. Ponzi fundamentals is very simple, collect from new members to pay old members and when more and more people gets in and the money becomes very large, the owners would just scam exit, it always starts like an amazing deal but it always ends in tears but the sad fact is that there would always be victims.
Ethereum price peaked to almost $1500 per token in early 2018 but when the admins of Plus token finally decided to dump those Ethereum, we might be seeing another massive plunge in ethereum price.
Ethereum price peaked to almost $1500 per token in early 2018 but when the admins of Plus token finally decided to dump those Ethereum, we might be seeing another massive plunge in ethereum price.
I am not sure about this. According to the media reports, the dump by the scammers started a few weeks back. But when I check the charts, I can see that Bitcoin is up by around 6%. Some of the other cryptocurrencies have also gained value. From what we know, the Plus Token scam involved the following amounts:
180,000 BTC
6,400,000 ETH
111,000 USDT
53 OMG
This is a partial/incomplete list, but you can see that BTC is among the stolen funds. So I am really surprised with the Bitcoin rally today.
180,000 BTC
6,400,000 ETH
111,000 USDT
53 OMG
This is a partial/incomplete list, but you can see that BTC is among the stolen funds. So I am really surprised with the Bitcoin rally today.
These numbers are really mind-blowing. 6.4 million ETH represents close to 6% of the circulating supply. And we are talking about a scenario where 6% of all the coins were stolen in just one scam. How can the cryptocurrency investors be this much careless or stupid (or both)? After all the scams we had in 2018, these investors were still stupid enough to pour so much money in to this pyramid scheme? BTW, the Plus Token scam involved other cryptocurrencies such as EOS as well, which are not listed in the post above.
The latest news is that the scammers are using exchanges such as Huobi to liquidate their booty. For now, they haven't touched the BTC wallets. They are cashing out the stolen ETH, at a rate of around 10,000 ETH per day.
plus token has made eth increasingly dump to the current price reaches $ 128 and potentially will go down again. you lucky that knowing plus token is a scam and a Ponzi scheme I have bought eth around $ 180 and now prices have dropped dramatically I was quite surprised because of eth price declines and very risky.
$121 at December 17, $133 at Dec 18 then $128 now. It is not that bad yet.
Maybe the effect will be later on. A week maybe?
This is one problem when there is one option that they require. Instead of the dump being divided into different crypto currency it will be focused on just one.
This time it is Ethereum which is mostly used by ICO scams or other investment.
They might have chosen it because of the slow fluctuation instead of bitcoin that had been dumping for a lot of times now in big numbers.
Scammers are getting wiser. They want higher profits in a currency which doesn't dump in a short amount of time.
Maybe the effect will be later on. A week maybe?
This is one problem when there is one option that they require. Instead of the dump being divided into different crypto currency it will be focused on just one.
This time it is Ethereum which is mostly used by ICO scams or other investment.
They might have chosen it because of the slow fluctuation instead of bitcoin that had been dumping for a lot of times now in big numbers.
Scammers are getting wiser. They want higher profits in a currency which doesn't dump in a short amount of time.
As usual, this big whale will sell all of its assets and ETH is experiencing a dump if all sales are done directly but if gradually will reduce the crashes in the market. Indeed pity those who caught the lure Ponzi because of the gifts that were given interesting and ended they lost it all.
I dont think whales will dump it. They are called whales and considering a very low price now what more they could drag down? Until it reaches 50$? They will probably hide it and move it for on a safe wallet and wait for the turn of events.
Of course they are also wanting a profit not just a free scam money.
I suspect that this dump is approaching the development of Etherher 2.0 and Bitcoin Halving. these efforts could have been made by whales so that the development failed and etherum and bitcoin failed to reach the highest price.
As usual, this big whale will sell all of its assets and ETH is experiencing a dump if all sales are done directly but if gradually will reduce the crashes in the market. Indeed pity those who caught the lure Ponzi because of the gifts that were given interesting and ended they lost it all.
I dont think it will affect eth progress with thus but the fud associated together with it maybe. It will affect the price cause probably those move fund will be turn into cash or fiat once eth have increase a bit. Eth doesnt have mistake here, why blame eth for using their network for others? Eth decentralizef approach is good its just some people use it for something like this.
I am not sure about this. According to the media reports, the dump by the scammers started a few weeks back. But when I check the charts, I can see that Bitcoin is up by around 6%. Some of the other cryptocurrencies have also gained value. From what we know, the Plus Token scam involved the following amounts:
180,000 BTC
6,400,000 ETH
111,000 USDT
53 OMG
This is a partial/incomplete list, but you can see that BTC is among the stolen funds. So I am really surprised with the Bitcoin rally today.
180,000 BTC
6,400,000 ETH
111,000 USDT
53 OMG
This is a partial/incomplete list, but you can see that BTC is among the stolen funds. So I am really surprised with the Bitcoin rally today.
Maybe Bitcoin rallied yesterday because it was influenced by American political conditions other than that in my opinion there hasn't been a massive movement of Bitcoin sales. Movement of the scammer's wallet should be followed by the police so that later it can be detected who the real fraudster is
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Some crypto experts are claiming Plus Token scammers are at the base of the recent Bitcoin price plunge, as the crypto criminals liquidated their BTC stash to exchanges like Huobi. Nevertheless, the current transfers quickly became a catalyst for fear in the crypto sector.
For sure it will affect the Ethereum market but I think it will not last long, considering that there is a big development coming for Ethereum so I think it can recover easily. Also, I'm expecting that more investors will come in at the start of 2020 and it may give a big impact on the crypto market as well as for Ethereum.
It will last long caused by plustoken is holding a lot of ethereum and it's more than 800k ethereum. So many people have made their own prediction of the plustoken dump will not affect ethereum only but the whole of crypto consider plustoken has already raised more than 2 billions in form of the various assets. That will bring a very bad impact to the price of ethereum and that needs more time for ether to recover its price caused by dump from plustoken.
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.
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.
when will people learn?
i know some people would say if you get scammed you deserve it in crypto, but it hurts us all really as it hurts mass adoptionthis isnt the first ICO to have the power tho, EOS had way more ETH, and have been laughing at people buying their bags ever since
crypto is such a shitshow now, i cant recommend anyone to invest in anything, even BTC anymore
too scammy and manipulated now crypto is : / Yeah well, people want to support shit and but shit. People support any bounty. It's a scammers world out there and you can blame bounty idiots for not having a life and just joining and supporting anything. They have no standards or anything and clearly their time is not important to them. If people want to be stupid that is their own fault. It just annoys me that legit people don't get cut of what these scammers stole. That money could have been used for good now the scammers have it. Pisses me off.
For sure it will affect the Ethereum market but I think it will not last long, considering that there is a big development coming for Ethereum so I think it can recover easily. Also, I'm expecting that more investors will come in at the start of 2020 and it may give a big impact on the crypto market as well as for Ethereum.
it can be a very big problem if they start selling ETH, but I don’t think they will do it now. maybe they will do it at the next growth. if the Ethereum rises to $ 200, then most likely they will sell their Eth to get the money. but we can’t even guess what kind of plans these scammers can have. Let's all hope that this is just a scarry stories
I feel very sad that many people are affected by scams because of the PlusToken Ponzi scheme, i already know that it is Ponzi and i don't want to join the Ponzi scheme. And now a lot of news content are crypto dump prices because plustoken sells BTC, ETH and USDT
There's no fault of the coin or blockchain if people are naive enough to jump into a ponzi. I too think the ponzi was just creating a increased number of transaction but had no significant effect on the price of Ethereum. It was not as popular in other parts of world and it got stopped before they ran away with most of those coins.
I dont think that has an effect on Ethereum because Ethereum price was swinging through the Bitcoin movement. Just like what happened recently, it was tied up by the price of the Bitcoin movement. But I hope everything will be fine even there is a huge transaction of ethereum this morning. There are a lot of scammed projects related to ERC20 and that was base on ethereum, but so far I did not see so far the market price that ethereum drop while Bitcoin pump. They are the same movement.
What is plusToken project investment, I don't hear this scheme and ponzi project because is not have effect for bitcoin have lower price or not, during bitcoin keep lower price I think ethereum always have lower price and waiting for when bitcoin back with higher price for getting ethereum have higher price,
I just heard the name plustoken and immediately looked for references about plustoken in, surprised when several articles or news that stated that plustoken was ponzi. Some news said that plustoken is the cause of the market fall or dumping that occurred in the last few days. Quite reasonable, because the scammers already have so many assets from his ponzi business. sad and this reminds me of the bitconnect incident.
Until now, the price of ETH has been growing quite well, but if that amount of ETH is released on the market, the price of ETH will probably drop sharply. Perhaps people should be cautious before deciding to buy eth around this time.
Surely the owners of those coins won't want to dump all the coins at once and tank the price? What incentive do they have to cash out at the moment (and draw attention to themselves)?
Ever since the ICO went through the heyday of the ETH coin has been subject to criticism from the community, people don't seem too keen on it. If the continuous pour of ETH takes place I think that ETH will face a big discount.
ETH coins need to upgrade technology and limit junk ICOs if they want to attract trust from investors.
Maybe this is the reason. But they moved to unknown wallet,is that address from an exchanger or personal? If they sold all eth then this is the main reason. Another reason can be btc dumped.last 7days btc dumped,it can be a reason for dumping eth.Sorry for plustoken investors.
this could not be the only reason for the drop, there are many factors determining the price(it might be used to spread the fud to pressure bitcoin). there is no way they will be able to sell it at once because their address is tracked.
I don't think it will affect much to the current ethereum market price or even in the future. How many times we have seen such scenarios or even worst than that but ethereum was able to stay strong keep giving us what it is expected to give. With the ethereum welcoming the Istambul, I would say that Ethereum value would still increase its value.
The amount is so large that it can affect the market if they sell it. The question here where they want to convert those eth , if they want to only transfer ETH to other wallet then there will be no price differense even how large are you storing as long as no one sell it , nothing to be affraid about the price. 
Plus token is busted already and it would not create any much difference to the prices. Thought the demand could have increased further and so the price if the ponzi had run for more time, there's no reason for the prices to drop as well. We could see the general trend of price change alongside other crypto but the real price of Ethereum would be decided by the success of it's new update.
So definitely this transfer kinds of confirms that plus token will soon be scam as it has transferred millions of the investors eth to their private wallet which they can sell anytime and investors will have to be deprived of their precious eth and this again teaches us that we should always stay away from such ponzi schemes.
I don't think it will affect much to the current ethereum market price or even in the future. How many times we have seen such scenarios or even worst than that but ethereum was able to stay strong keep giving us what it is expected to give. With the ethereum welcoming the Istambul, I would say that Ethereum value would still increase its value.
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.
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.
when will people learn?
i know some people would say if you get scammed you deserve it in crypto, but it hurts us all really as it hurts mass adoptionthis isnt the first ICO to have the power tho, EOS had way more ETH, and have been laughing at people buying their bags ever since
crypto is such a shitshow now, i cant recommend anyone to invest in anything, even BTC anymore
too scammy and manipulated now crypto is : / 
Maybe this is the reason. But they moved to unknown wallet,is that address from an exchanger or personal? If they sold all eth then this is the main reason. Another reason can be btc dumped.last 7days btc dumped,it can be a reason for dumping eth.Sorry for plustoken investors.
this could not be the only reason for the drop, there are many factors determining the price(it might be used to spread the fud to pressure bitcoin). there is no way they will be able to sell it at once because their address is tracked.Definitely it is not the only reason why ETH price is dropping. Rather it is probably the most prominent reason among others which is bringing the price down. I am not saying this! Chainanalysis has recently published an article on the same and you may read it below,
https://blog.chainalysis.com/reports/plustoken-scam-bitcoin-price
China police has arrested 6 people till date but many are still outside the reach of the law who were associated with plustoken! With a whooping $2 billion they have stripped from the common people, it is very much possible to manipulate and bring down the price!
There could be some other fundamental reasons for the price drop but the dump from the ponzi scheme can not be over sighted
https://cointelegraph.com/news/is-plustoken-scam-about-to-dump-eth-105m-moves-to-unknown-wallet
https://thenextweb.com/hardfork/2019/12/17/bitcoin-cryptocurrency-price-dump-ponzi-scheme-plustoken/
https://cointelegraph.com/news/is-plustoken-scam-about-to-dump-eth-105m-moves-to-unknown-wallet
https://thenextweb.com/hardfork/2019/12/17/bitcoin-cryptocurrency-price-dump-ponzi-scheme-plustoken/
Maybe this is the reason. But they moved to unknown wallet,is that address from an exchanger or personal? If they sold all eth then this is the main reason. Another reason can be btc dumped.last 7days btc dumped,it can be a reason for dumping eth.Sorry for plustoken investors.
this could not be the only reason for the drop, there are many factors determining the price(it might be used to spread the fud to pressure bitcoin). there is no way they will be able to sell it at once because their address is tracked. Until now, the price of ETH has been growing quite well, but if that amount of ETH is released on the market, the price of ETH will probably drop sharply. Perhaps people should be cautious before deciding to buy eth around this time.
Surely the owners of those coins won't want to dump all the coins at once and tank the price? What incentive do they have to cash out at the moment (and draw attention to themselves)?
I am not sure about this. According to the media reports, the dump by the scammers started a few weeks back. But when I check the charts, I can see that Bitcoin is up by around 6%. Some of the other cryptocurrencies have also gained value. From what we know, the Plus Token scam involved the following amounts:
180,000 BTC
6,400,000 ETH
111,000 USDT
53 OMG
This is a partial/incomplete list, but you can see that BTC is among the stolen funds. So I am really surprised with the Bitcoin rally today.
180,000 BTC
6,400,000 ETH
111,000 USDT
53 OMG
This is a partial/incomplete list, but you can see that BTC is among the stolen funds. So I am really surprised with the Bitcoin rally today.
Until now, the price of ETH has been growing quite well, but if that amount of ETH is released on the market, the price of ETH will probably drop sharply. Perhaps people should be cautious before deciding to buy eth around this time.
Maybe this is the reason. But they moved to unknown wallet,is that address from an exchanger or personal? If they sold all eth then this is the main reason. Another reason can be btc dumped.last 7days btc dumped,it can be a reason for dumping eth.Sorry for plustoken investors.
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.
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.
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