Altcoins News
By James Thorp
1 / 13
Bob Summerwill expressed, what a fantastic vote of confidence in Ethereum Classic from Digital Currency Group. A great way to start the week.
2 / 13
Barry Silbert pointed to how the “Digital Currency Group Announces Plan to Purchase Shares of Grayscale Ethereum Classic Trust”
3 / 13
For clarity, Digital Currency Group, Inc. “DCG” is the parent company of Grayscale Investments, LLC.
4 / 13
The DCG are planning to use cash on hand to fund the purchases and they are going to make the purchases on the open market at the discretion of the management.
5 / 13
The share purchase authorization did not DCG to acquire any specific number of shares in any period.
6 / 13
Community response: But I thought all crypto was overvalued. Watch their money, not what they say.
7 / 13
Why ETC over so many other 'assets'? Barry is looking for exit liquidity ASAP! GREAT NEWS, just the hedge I was looking for against my shorts.
8 / 13
Its Grayscales 3rd largest holding behind BTC and ETH and has been for quite some time now. You should probably consider doing research as to why that it is.
9 / 13
You understand Barry is the market maker for ETC? Rather than laughing, might be wise to wonder why they are making purchases instead.
10 / 13
What’s with all the negative replies? ETC will follow Bitcoin and Ethereum. ETC is gold and has a bright future. Even Forbes predicted it will hit over $1000 soon. ETC to the moon.
11 / 13
So much FUD. Did you click the wrong Ethereum buddy? Hi Barry, what is the value of ETC? Just because it is proof of work and has limited supply?
12 / 13
While the roof was burning some newbie was like: Can someone explain what ETC does? Are there any Dapps does anyone use it for anything?
13 / 13
As always, the idiots started mocking ETC - the top coin by trading volume!
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