Re:CoinDash’s ICO Website Has Been Hacked
by mcjiggerlog on Monday July 17, 2017 @10:57AM
(#14789042)
Over €6,000,000 at current prices.
[ Parent
| on HN ]
And over €12,000,000 at the price 2 weeks ago.
Who knows what the price will be next week, but it won't be anywhere near €6,000,000 if they try to sell that much at once.
Re:CoinDash’s ICO Website Has Been Hacked
by ChrisClark on Monday July 17, 2017 @11:41AM
(#14789545)
Though, the 24 hour trading volume for ETH is $1.5 Billion USD. So it won't affect the price as much as you'd think.
$1.5 Billion, made up of many smaller transactions (~USD 15.5k on average according to this site [0]).
A number of large transactions to convert that much ETH to USD, would significantly affect speculator confidence, triggering others to sell.