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by lotsofpulp 1755 days ago
> the collection was sold in 9 hours for 255,000 US$, that makes a whale sold for around 76 US$ apiece?

According to the CNBC article, it was sold for 80 ether. Big and important difference than being sold for $255k.

1 comments

Not really, you can use any real (fiat) or virtual (cryptocoin) unit you want, conversion at a given time is always possible, my question was whether the "collection" was sold as a whole (be it 80 Ether or US $ 255,000 or whatever) and bought by a single buyer, or if each whale was sold separately (and then we would have 3,350 buyers) or what?
It is a notable distinction when the currency’s volatility looks like this:

https://www.tradingview.com/symbols/ETHUSD/

Also, important distinction because this could easily be the dad and kids moving ethereum around between their own accounts.

Saying it was sold for $255k conveys a much stronger probability of it not being fake or a fraud than saying it was sold for 80 ether.

Ok, if you like it better, "sold for an amount of around 80 Ether valued at the time of the transaction around US $ 255,000 (but the virtual currency is characterized by a high volatility)".

But this doesn't change the question, was it a single buyer, 3,350, or what?

BTW, if the sale happened within 9 hours it smells fishy anyway (to me).

I agree it is fishy, that is why I was nitpicking about it selling for ether and not USD.

I do not have any interest in figuring out if it was lots of buyers or 1 buyer, so I cannot address that.