Post
Topic
Board Altcoin Discussion
Re: Bitcoin being killed by ethereum dump
by
spud21
on 19/08/2014, 16:39:48 UTC
Has anyone posted the Ethereum BTC wallet?

This guy has



https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

They've split up the transactions into amounts under 1 BTC but they are definitely dumping and I don't mean last week or last month but now.

They've fire sold 2500 BTC in the past days.  That's a dump.

https://blockchain.info/charts/balance?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

Look at the numbers on the left side of the graph and then pay attention to the right side of the graph.  2500 coins were dumped since August 10.  That's an average of $300K a day.  Granted the volume right now is $30 million but most of that volume is day traders and bots.  Dumping $300K can create a huge amount of volume when all the day traders and bots react to it, never mind the weak hands.