Bitcoin Forum

The market cap was around 170, now 88 ?

Price halved in a single day?

Is this the start of unsurprising inevitable dump?

Nothing more than common sense..  Hugely inflated price due to it being traded only on kraken

The market started at 200 http://cdn.img42.com/170a3de226aac84c808df90edffcaf6f.png
was 75 a while back and is still crazy inflated price

Yes man, everyone wants out due to upcoming rollback and shitty release. This shit will probably hit the floor sub 1 million cap ... (remember how inflationary it is)

That crap is probably broken and useless 8 weeks from now.

Let's see what happens.  I'm not selling until metropolis release.  At least $10 - $20/ETH  Then I will sell half and wait to serenity, see what apps are out by then.

BTW auger crowdsale begins in 10 days.  You have to buy ETH to buy in.  
If you don't see how much of a killing there is to be made from ETH then God help you.

Im glad the devs are raising money through the early trades.  They probably raised enough to fund dev work for another year in the last couple of days.  As an ether holder I am glad they are raising funds this way.  Anyone with half a brain can read their documentation and see that this is something revolutionary in crypto.  Most of the trolls here can barely speak English no wonder they don't understand ethereum.

Everything about this blockchain is slick as fuck. Good marketing is key to bringing the mainstream in.  There are already tons of DAPPs in development. If you want to create DAPPS then the only choice you have is Ethereum.

Well it was inevitable, New money coming in yesterday which drove the price up at a peak 52%, are getting dumped on today by the presale bagowners. We will see a rise after the price hits 1 $.

The great thing about this coin getting killed is that I can buy more Bitcoin at a cheaper price

4.No wallet ???
What is the devs working on? I bet that ETH will go to $0.05 by the end of Aug.

Significant premine
https://bitcointalk.org/index.php?topic=1147063.msg12088443#msg12088443

ETH already took $18M by IPO and it premined 12M ETH for the devs now. ETH is a true blood vampire.

How insane, this launch is almost as scammy as Xcoin DRK DASH.

Everyone hoping to get the confirms fast to sell before it dumps to below IPO prices.

ETH is just a scam coin with hidden premine so there will be huge dump happen and price will go around 0.1$ very soon.

Down to .88 already. predicting .50 by end of day.

Hmmm.. right now on coinmarketcap Ethers are $0.93 and Ethercoins are $1.26  ::)

That's just some short taking breath. Dumping is hard work. :D

It was an interesting chart on poloniex
Someone started the order history at 50 BTC for the daily high so it was a 99.99% loss when it started trading at a normal price.

Yes but who would be buying Ethercoins on bittrex for a lot more than the price of an actual Ether??  :o.  Ethercoins are supposed to represent Ethers 1 to 1 right? Although Ethercoins have the added hassle and risk that you have to trust the Ethercoin devs to pay out. Seems like proof that Ethercoin price was manipulated (e.g, Ethercoin devs buying their own supply).

rise downwards  ;D

fucking nutjob shills

Should see .0015 by end of week  :o

It is on a bear driven dash towards the market capitalization of Dash.  

could be a new freefall world record  :-*

What was ethereums value when it was crowd sold/IPO whatever you call it?

I hate to see anyone lose money, but I have been so sick of the Etherieum shills around the internet lately shoving Ethereum in our faces like its the greatest thing since sliced bread. 
 
It had a pre-sale; stick a fork in it. 
 
The last time I heard mania like this was when Facebook was IPO'ing and every twat was telling me that there was *no way* the price would drop at IPO. 
 
Perhaps Ethereum can recover after a year of dumping.

It started at 2000 and went to 1337 eth/btc on a sliding scale depending on when you bought.

Eh I was off, currently at .63 but I could definitely see .50 when i wake up tomorrow

Of course its dumping. Every freakin IPO does. Poor bastards who are late to market or holding are going to lose money or baghold.  

We will have to open a section " Ethereum Bagholders Anonymous". "Free tissues".

ETH is trading, in BTC terms, between 4-5x the initial IPO price at the moment. Please spare ETH 'bag holders' your sympathy :D

Let's not forget that BTC price was 600+ when Ether IPO start. With this speed of dropping, even IPO investors will see their break even (in USD) very soon, if i was them i would sell now to take some small profits.

Someone wanna provide a link or documentation?

hmm.... so at $0.7 each they're still actually more expensive than they first were...

Well, i made about 13 bitcoins off of ethereum, will buy back in after they have made the windows wallet and ppl have dumped it enough  8)

Ethereum has caused every Bitcoin and altcoin holder to lose money by vacuuming huge amounts of BTC from holders and dumping it to $.



I had the impression you'd be fine with that sort of thing.  ::)

etherum is going to have the same problem that NXT is having, nice features but no application. Your average non computer person does not care about smart contracts and all these fancy features that these so called "nextgen" coins have they only care if it can transfer value from one place to another and is simple enough for them to use

Fair comment. Ethereum now needs some useful apps. One of the purposes of the Frontier launch was to get an Ethereum platform out there that app developers could start using. I think it'll happen more quickly than many expect.

On the other hand, if popular adoption was all it took to make a coin a success, there'd be a lot of rich DOGE bag holders around. And there aren't.

I suppose I'll wait until it reaches 10cents usd to buy any.

Vitalik does not particularly like the Austrian school
you were told that by buying in IPO you support the team, not that the value should be appreciated

It's really normal. Just some body pump it and then dump it.
                                                                                                                       

Nxt has superb wallet, real-world use cases and so on. Ethereum has some tools for playing with something promised to be game-changer. Feel the difference :)

Yeah...and Kraken's initial umpity-thousand-confirmation policy - although self-protective - assured a hothouse market with untethered buys but restricted sells. The setup seriously restricted the supply while not limiting the demand. That's why the price of ethers was artificially high from the start.

Not to mention those who were/are not tech savvy enough to get access to their coins. The more I hear about Ethereum the more it stinks.

Glad i didnt buy a single coin

Get real bro they can't afford to rollback shit

You can short Ethereum on Poloniex now for all the dump believers  ;D

ether is overpriced does not deserve a $50m cap, i would laugh if the whole project fails and devs end up rich which has happened quite a lot in the altcoin space already.

Just reliased the ether reddit is heavily censored, what are the devs afraid of?

This will become very cheap so if you are looking to buy some on the off chance it might make it big, the time is definitely not now as there is a lot of dumping to do.

I picked up a couple @.027, holding for the moment. I watched BTCD do this. Each have Competent developers, but there is much more suggestion with ether. I was intrigued with the project from its advent. I'm going to buy more before it breaks through .004, the volume is crazy.

No wallet though? How do you safely store it?

Lol clueless.

I am lucky enough to not be able to buy etherum.
Now I feel sorry for those who brought it at manipulated prices an now are watching the prices going to ground.

I was lucky enough to buy Ethercoins when their price was at $0.66 before Ethereum announced it's frontier release. Now I can exchange those Ethercoins for Ethers and still earn some profit.  :D

I don't see why it's so hard for everyone to understand that all you need is a coin with real world use, go to the store > buy stuff. That's it.

Why over complicate things? This is why BTC is so successful, the idea is simple enough to catch on and it is catching on.

Funny looking dump going on.  It's like a reverse dump.

Yes you are lucky and all those people who buy in early in an altcoin and cash out at the time of pump and dump are also lucky.
But who come late in in becomes the bagholder cuz every pumper is gone by making decent profit.

You need to get past the shitcoin pump and dump paradigm mate. This is real.

Just some waves... Just watch them crash on the beach soon ;) Still a lot of coins to hit the exchanges imo.. 500% return in 1.5 year after investment is still great for "normal" investors.. Not the spoiled crypto kids.

Where do you fools keep getting threse stupid inflated IPO profit #s they bought at 2000 eth per 2014 BTC not 2015 BTC dumbass

That's 2000/630

Not

2000/270
 
If anything its a 200%  profit if they can sell at six which still nice is nothing compared to what they deserve for the risk
They took

None of the IPO investors will even make any profit unless it goes above 3

If anyone is making $$ right now its those who bought far Belo the IPO price and the devs

IPO price for me was 30 cents.  But that's immaterial. I would not sell at $3. I wouldn't even sell at $10. It's the only coin since Bitcoin with a long term future outside a pump and dump by scammers.

Stoat, I agree with you but don't waste your time with the crusade. Haters will be haters. They all missed out on the ICO and they want to FUD the price down so they can get in cheap.

I know this already bud. I'm just letting them know the situation. Their shits all retarded and backwards.

Totally not a trader, but I've been buying since 0700AM Eastern. And I just bought a good amount at .0039. I don't think we're going to dump either. I may be long on it. But we're in the middle of this new asset pump and potentially an epic LTC pump, I'm not really sure to do strategically. I hope it works out and all of you are careful. Please don't allocate more funding than you can afford.

This outcome of trying coordinate chaos will be an unmitigated disaster,,,and I can't fuckin' wait!

haha par for the cryptocurrency course  ;D

LTC will go nowhere.  ETH will suck market cap from all shitcoins as its the best chance of a moon situation on the market. I'm not even talking about a huge pump I'm talking about literally taking over the world. The same potential as BTC had but much more insidious.

way to go out on a limb

From where I'm sitting YOURE out on the limb. Maybe I know more than you?

Long term maybe, but with the XT shitstorm and the halving coming, it's good for a decent pump.

why is Ethereum price acting this way it is so disappointing . i thought it would be better than this

Just lookin for a wallet and you guys were fuckin key.

That's only logical, people invested, wanted a return, just like any other premine ;) The real value starts now, as development of different concepts will be implemented, it's rising since 0.002, so lets wait and see :)

I love the FOMO action going on here... Name one example where you couldn't buy cheaper coins a couple of weeks after launch than in the days following launch? (Not talking about months/years like NXT).

Exactly. Economics work always the same.
NXT was different, it all happed quickly, ended up the same

ETH been dumped too much now i think

Price is heading up again.

anyone knows how many people bought in during presale?