>every ICO is dumping/will dump
>he's still holding ETH
Every ICO is dumping/will dump
Brandon Torres
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Evan Turner
For real though these inevitable shitcoin dumps are going to fuck ETH up. Like a mini gox dump every few weeks for the next year
Levi Watson
can i have the rest of this chart user ?
John Young
The funny thing is, this affects the price of BTC too.
>the ETH/USD pair tanks
>people buy cheap ETH
>people sell ETH for BTC
>people sell BTC for USD
>the BTC/USD pair tanks
Just like that
Samuel Garcia
Exactly. I didn't sell anything except ETH because of this. Most of these ICOs are scams, anyone who expects them to hodl for a long time is delusional.
Tyler White
>people sell ETH for BTC
>people sell BTC for USD
these two cancel each other. People won't touch ETH for a long time, when they decide to buy again they will go for Bitcoin or an alt, maybe even EOS. EOS foundation is dumping ETH, some suspect they are providing price support for EOS.
Aaron Carter
The ICO bubble will pop next right after the BTC bubble
Asher Hall
Look, I described a simple arbitrage mechanism. What I mean is when all those so called start-ups sell their Either, in the end it crashes the bitcoin price too.
Jose Green
Explanation. Remember that we have two pairs: ETH/USD and ETH/BTC. Let's hypothetically suppose that 1 ETH = 1 BTC = $100. They sell their ETH and its price tanks to $90. But 1 ETH still costs 1 BTC. An arbitrage bot buys 1 ETH for $90, sells it for 1 BTC, and then sells 1 BTC for $100, getting a profit of $10.
In the end, BTC tanks too. In other words, don't expect that BTC is some sort of safe haven against mass sell-offs.
Nathaniel Allen
*Ether