BTS long term support

[Ander]

Honestly I think this is hilarious.  I've literally been watching Bytemaster sell over the past several weeks, wondering when "this whale" would run out. 

If the tax selling is done, thats very good for BTS, as it should stabilize back up to 5000 sat. 

[bytemaster]

Devs are not top holders. 

[Ander]

The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

Good to know, thanks.

If recently means 'the past three weeks', then I believe this mostly explains the drop from ~5500 to 4000 satoshis during a low volume pullback.  Some of the unlocked balances being sold, and the general drop in bitcoin would explain the rest of the decline.

If recently means the past 2-3 months, then it only explains part of it and there need to be a couple more bearish whales.


One positive from this in terms of decentralization is that the top holders of BTS now have ~10M less, or .4% of all supply. 

[nomoreheroes7]

The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

So I have you to thank for that cheap BTS? Thanks BM! I knew you loved me.  :-*

[oldman]

The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

And there's the sell pressure.

[lzr1900]

The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

oh,you pull the trigger..

[cusknee]

The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

Bad for you but good to know "whale wise". So many positive things have been done in the past five months as explained in the news letter and the latest episode of Bitshares.tv. Onward and upward.

[blahblah7up]

The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

Thanks for sharing that.

[BTSdac]

The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

I am shocked

[bytemaster]

The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there. 

[roadscape]

I would be comfortable if it was I3 and not some big whales giving up hope.  It is not easy to capture a big whale, you know.  You need a big boat, big equipment/machines, lots of manpower especially skilful sailors and a good bit of luck. 

However, if it was I3, it would be natural since they are expected to spend as the software development progresses.

+5%

[cube]

Ander stop watching price so closely i used to make similar assumptions.. in the end it coukd be a combination of ppl selling and others buying arbing or getting in other investments.. its probably not a single whale.

It would be funny if it was I3. ;)

I would be comfortable if it was I3 and not some big whales giving up hope.  It is not easy to capture a big whale, you know.  You need a big boat, big equipment/machines, lots of manpower especially skilful sailors and a good bit of luck. 

However, if it was I3, it would be natural since they are expected to spend as the software development progresses.

[jsidhu]

Ander stop watching price so closely i used to make similar assumptions.. in the end it coukd be a combination of ppl selling and others buying arbing or getting in other investments.. its probably not a single whale.

It would be funny if it was I3. ;)

Ofcourse we all have those thoughts but csnt do anything... If u were in that position what would you do? Its good they sell now it distriubutes better.. Better now than at higher price

[Ander]

And of course, that was all just speculation, its to like I know for a fact that its true or anything, just my guess.

[Ander]

Ander stop watching price so closely i used to make similar assumptions.. in the end it coukd be a combination of ppl selling and others buying arbing or getting in other investments.. its probably not a single whale.

It would be funny if it was I3. ;)