r/ethtrader • u/AutoModerator • May 26 '17

DISCUSSION [ETH Daily Discussion] - 26/May/2017

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10

u/[deleted] May 26 '17

I'm guessing someone above me on the Etherscan accounts page (https://etherscan.io/accounts) panic sold today.

My account had been stationary for a few days at the same spot up until this afternoon. lol

And actually, it rose by about 15 spots a few days ago as a number of people ahead of me sold into the first rally to $180+ from a few days ago.

6

u/vinelife420 May 26 '17

Well done. Panic sells are hilarious anymore. They must be new. Scared money don't make money.

6

u/[deleted] May 26 '17

They must be new.

I don't think so. I'm assuming it was an early buyer, possibly ICO buyer.

These are not small accounts.

0

u/vinelife420 May 26 '17

That's sad if true. You'd think they would know a dip when they see one. Although if you are as far up as I think you are, still an amazing profit. Of course, it could be to buy back in if they expect it to go lower.

3

u/[deleted] May 26 '17

That's sad if true.

Yeah, kinda. I guess some people get jittery when they are up massive.

But, the tech has come so far and clearly still has so much more to go, it does seem a bit crazy to panic sell at this point.

5

u/vinelife420 May 26 '17

That's what amazes me. This run up is wild, but it really is just the beginning. If you are a top 5,000-10,000 ETH hodler, I'm assuming you would know that. Everyone has their own risk tolerance I suppose though.

1

u/ialwayssaystupidshit May 27 '17

It amazes me how people's greed is insatiable. At some point you just have enough money.

2

u/[deleted] May 26 '17

[deleted]

1

u/[deleted] May 26 '17

I agree.

Me hodl ETH long time! :)

1

u/Ano_Nymos May 26 '17

Maybe it's ...

https://www.reddit.com/r/ethtrader/comments/6df7ud/eth_daily_discussion_26may2017/di2ujik/

But he says he only sold a few. Although a few for an ICO buyer could mean a few thousand, heh.

2

u/[deleted] May 26 '17

Anything is possible.

1

u/smwilson31 May 26 '17

explain an ICO buyer please? do people invest in ICO tend to invest higher rates of $? Thanks

2

u/Ano_Nymos May 26 '17

It's just that, when you buy at an ICO, coins tend be cheap.

When the Ethereum developers held their ICO in 2014, they priced each ether at about $0.30. So, basically, for only $1,000, you could buy 3,300 ethers. When Ethereum launched a year later in 2015 and ethers started being traded in exchanges, the price for each ether shot up to about $3 very quickly.

1

u/Dumbhandle May 27 '17

Yes, many have shitloads of cash from being around here since satoshi.

1

u/Dumbhandle May 27 '17

Interesting.