Saw a video on YouTube that was talking about EOS buying up millions of Ethereum coins. That they may sell into EOS at the same time to crash the Ethereum price. Not sure about the accuracy of the information but it does sound worrying for Ethereum holders. EOS looks extremely sharp.
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I don't think this tactic ever works unless your prepared to lose some serious money have investing billions into buying ethereum coins lol
Look into it ;) Here is the article.
so thats only 5%-10% at of the market and slowly declining every block. Why would they buy a shit ton of coins only to try and attempt to crash the price if they sold everything in one shot thats only $80 decline we see that on the daily lol
Because they are a competitor? If they would move that much. 5 million coins is 4 billion dollars and that is tripple the daily traffic. That will cause big changes very clearly. More like 3x80=$240-480 difference potentially. 5-10% is not a small amount. And now I haven't even added in the sheep effect that they may cause so move to even $100-200 per Ethereum coin. Plus they are slower in speed compared to EOS goal. Currently we are using a platform that Dan helped create so clearly he is a genius so I wouldn't underestimate his future projects!