Bitcoin Forum

Ethereum started trading 2 days ago and the price is already collapsing 80%!

Are you thinking about buying Ethereum? - Don't, Stay out!

Do you have ethereum from the pre-sale? - Dump them as soon as you can!

During the past 2 days around 1 Million ethereum coins were dumped, this made the price collapse by 80% so far, now consider this:

- The IPO was not publicly and officially announced - They did this on purpose so their inner group or closests friends could dump first. (There is no info about exchanges on their website)

- On the pre-sale back in 2014, 60 Million coins were sold, or in other words, 60 million coins were PRE-MINED, and they are pretty much the total supply of today - you can check more details about the pre-sale here: http://ether.fund

- In the past 2 days only around 1% of the pre-sale coins were sold

Now you have to ask yourselves:

If a coin which was 100% PRE-MINED, gets a silent IPO which it was not even officially announced, only 1% of the pre-sale buyers know about it (or not even), only 1% of the supply gets dumped, and the price collapses by 80%?

Now what will happen when the IPO is officially announced with the rest of the 60 Million coins ready to be dumped???

Also, an interesting video: http://youtube.com/watch?v=IN-QpuXIJtM

Their official website: http://ethereum.org
Exchange: http://kraken.com - pair ETH/XBT (ETH/BTC)

And by the way, if you want to sell your pre-sale ethereum, don't transfer them!

You can add your pre-sale wallet directly to kraken here: http://www.kraken.com/ether

If you transfer your coins you have to wait about 25 hours to be completed!

This is what they don't want you to know!

Is there still a delay in processing transactions? Thought that would be just because of the rollback-warning and between this time:


Ethereum deposits are delayed 24 hrs from 2015-08-07 03:50 UTC per dev request. The developers may rollback the chain up to 24 hours in case of an issue. As a result, the developers asked all exchanges to wait 5760 confirms (24 hours) to credit ETH deposits in case the chain is rolled back.

(From Poloniex)

It's been more than 24 hours since IPO and you still have to wait hours and hours for your funds to be available if you transact.

So if you want to sell better add the wallet directly to kraken.

Really it's shameful that not a single word was spread officially about the IPO or about how you can sell your coins.

Also if you have a problem and need support, good luck with that.

Satoshi was just one guy and would reply as soon as possible to any support request.

Satoshi was paid by No one to revolutionize the world! Yet these ethereum guys get I don't know how much millions and don't even communicate properly with whoever uses ethereum.

Ethereum reminds me of Mastercoin, now called Omni, go check it out, they made an IPO similar to Ethereum were they raised millions, promising to revolutionize the world... go check it out where they are now.

by the way... ethereum sold $15 million in the crowdsale... and currently has 60 million coins. coins were 25 cents a piece or .0009btc (at todays prices) ~.0005  adjusted to during the crowdsale. the products good its just that if you didnt buy during the crowdsale you might not want to get in yet. and the transactions started slowly. and have a 24 hour warning. and the client is very hard to use. so people couldnt dump on day 1.

anyways its called price discovery good job to anyone who got 10x on their investment and plan to buy low.  ill be looking for under .001 if it gets there ill get some, if not well then ill buy some if i want to use it then.

I don't have any ETH... Just watching and trying to figure out if this has potential or not. But if you're right and the deposits on the exchanges still have a delay, the price most likely will continue to fall.

I would rather question if you are bad at cash or if you are too much of a nit to play higher games with ethereum and the rake is too high at the low stakes to even make it sustainable.

A month later and see the ETH, about 0.000000001 ;D

Someone can explain how to get the ipo coins?
There is a tuto somewhere ?

I always wonder what the motivation is behind these sorts of threads. You've had a year since the ETH presale to complain and you choose to do it after launch? What did you expect to occur? Please enlighten us instead of pointing out the obvious and sounding like an upset troll that missed a boat.

https://blog.ethereum.org/2015/08/08/chain-reorganisation-depth-expectations/

silent IPO... are you retarded? This was the most hyped ICO in crypto history. Sorry you missed out on the insane profits. Now the time is to wait for a floor and scoop em up

Can someone tell me where in Ether explorer you can find the total amount of "coins" or Ethers. Is it not there? ...or have I lost it...Where is a source of the total number of coins used by Coinmarketcap etc.??

https://www.etherchain.org/

https://www.kraken.com/ether

There is no total it is uncapped. Fixed supply of 13 mil per year, forever.

I did find this useful thread: https://forum.ethereum.org/discussion/1451/how-many-ethers-will-ever-exist

According to this: 60 mln presale + 2 pools of 6 mln
And then 15mln each year.

This info is missing on the etherchain site (just as it's missing an explanation on all these currency units they are using).

Yes, listen to this douchebag, buy buy buy. Bend over for goldmansachs coin

http://socialistworker.org/2010/05/05/inside-the-goldman-sachs-scam


http://www.slate.com/blogs/moneybox/2013/07/21/goldman_sachs_commodities_scam_how_does_it_work.html

http://www.huffingtonpost.com/2010/04/16/goldman-sachs-fraud-expla_n_540938.html

The problem is anyone can make coin .....THE CRYPT O WORLD IS BASE ON TRUST WELL THESE DAYS YOU CAN'T TRUST ANYONE ANYMORE  SO IM GLAD I SOLD MINE YESTERDAY ,,,,,,,, so many people will get scam   we need to b  regulated time has come to that ......... everyone want to get rich on other people misery and that the truth shame on you scammers and i really hate scammers cause i been scam before as many as you ......

Are you retarded?

First of ICO was in 2014
IPO was 2 days ago.

Seems you don't even know what the terms mean.

ICO = Initial Coin Offering
IPO = Initial Public Offering

And by the way it was not the best ICO in history.

On 2013 Mastercoin sold at the ICO at $1, IPO was at $200

Is this the next Paycoin fiasco?

The ethereum bubble is popping faster then vitaliks pimples

Sorry to say mate, but you are very naive, if you seriously believe that regulations are doing anything good against scams. Regulation is institutionalizing scams and giving a share to the regulating authority. Just take a look at the 2007-2008 financial crisis. Some of the biggest well regulated banks, insurers and credit rating agencies were caught on scamming. What happened to those people who is responsible for ruining countries and million of lives, for their personal gains? Actually nothing happened to them. Same thing with rigging the libor, gold prices, and the list of manipulated financial vehicles is endless. Just like here...

Thank you, so this is what I get from StephanTual (who is listed as Job title: CCO Ethereum and admin on the Ethereum forum)

(i) There is no maximum number of Ethers
(ii) 60,102,216 ethers were created during the sale. plus 2x pools of 9.9% each (this is not very clear?? the two pools).
(iii) 26% of 60,102,216 will be created through mining every year. This means that 15,626,576 will be created every year on top of the 60m and the two pools.
(iv) After a while, 15,626,576 ether won't represent much of the total ether available, making the system dis-inflationary (i.e., inflation perpetually trending towards 0 but never reaching it).

So, we have 60M Ethers now and next year 75M, then 90M and so on, so Ethers will then clearly drop in value as time passes. This is akin to quantitative easing, no? The system will keep generating "coins".

In addition to that we are told that Ethers are no currency but "fuel for Ethereum.

There can only ever be 93 Mil ETH - https://www.reddit.com/r/ethtrader/comments/3fxff9/achtung_what_all_eth_investors_must_realize/

There is a time bomb built into code to force a change over to POS within 16 months. And no more ETH will be created after that. So zero or close to inflation.

Excellent points. You can't regulate away greed. It will always find a way around. With that said, losers simply need to grow a brain and stop chasing every new coin that comes out, or seems too good to be true.
There are plenty of mature and honest coins out there that offer modest long-term returns. Find them, invest, and live happily ever after.

Thats interesting,  Stephan Tual (CCO Ethereum) then is wrong in his earlier statement that there is no maximum of Ethers and that mining is endless. They seemed to have changed their minds then and what makes anyone think that they will not change their minds again.

Because they built a time bomb into coding that would render it useless otherwise, forcing them to commit.

Hitler finds out Ethereum was dumped on the IPO - Classic

https://www.youtube.com/watch?v=IN-QpuXIJtM

I missed the ICO and came across ETC - Ethercoin on Bittrex and they were going to exchange their coins for ETH once released, I picked up a few but got rid of them just before the ETH release at a small profit as it seemed to look like there would be a massive dump before a stable price would take place as all the ICO folk would no doubt unload their coins after waiting so long.

you are a newbie account.

This thread is sure an Ethereum Hating Fun Club =D

That is exceptionally perceptive of you to spot....I would never in a million years.....LOL

https://i.imgur.com/Vc5xL6f.png

It couldn't be helped

haha, you have no idea with who you are talking to.

me neither

Sorry if I got misunderstood, the joke is on ridery99 for making an obvious statement but at the same time not saying anything else. Of course we don't know who is behind a Newbie account and what their experience is so all credit to you, this was directed towards ridery99 for making a nonsensical statement.

ED: I think it's called irony (for ridery99)


.... but please tell me who you are....

it could turn into Josh paycoin soon

Nothing will Rival the paycoin fiasco, at least with ethereum if it does go down as a scam only speculators and ICO investors will be screwed

with Paycoin he scamed housewives , regular 9-5vers who were just dipping their feet into the cloud mining thing.  Bascially he scammed a HUGE cross section

of the general ecosystem and basically soured the average joe on digital currencies

looks like so, after or even if when the deposit delays are lifted I expect prices to go down as ICO people take profits (+0.001) from n00b traders who have buys orders above 0.001

It turned out to be the price crashed in just 24hrs, I hate to say that someone got burned out of it.

I have also some ETC on Bettrex and dont know how to go forward.
so the coins will be changed automaticalle into ETH if the released on Bittrex ? when ? and where does thins information come from.
or is it easier to go the way over https://www.kraken.com/ether ?
for me it makes no sense to hold the ETC because the will dying, right ?

lol. sell your ETC and move the BTC to polo and buy ETH (if you want ETH). ETC is higher than ETH at the moment. Why waiting to change it 1:1

There is no reason why ETC should survive. ETH has a huge inflation... There is no need for ETC. Funny that the ETC-price is over the ETH-price. Makes no sense.

They quite changed their vision eheh.

Anyway, I don't really think Ethereum will crumble to death.
Instead, my opinion is that there are good chances it will REPLACE Bitcoin completely.

Samsung partnered with IBM to insert the Internet of Things in the Samsung things.
You can see this here: https://www.youtube.com/watch?v=U1XOPIqyP7A

This can easily mean that the next Samsung Galaxy will have an Ether Wallet preinstalled.
And subsequently this means that MILLIONS of people will have an Ether Wallet in their smartphone, either they want it or not.
And subsequently this means that there will be MUCH more advertising about Ethereum than of Bitcoin.
And subsequently this means that developers and producers will put Ether automation systems into their machinery/services/automatic distributors.

Imagine you go at a bar now and pay with Bitcoin.

Now, imagine in 2 years you go at a bar, and you and your barman have a Samsung phone.
You can pay him in ETH.
It's TOTALLY, COMPLETELY predictable.

Also, consider that IBM will probably sell its system (featuring Ethereum, BitTorrent, etc) to other large producers.

Hey, don't need to mention the advertising Samsung WILL make about all of this, right?
I can see them stamping the Ether logo everywhere... not the Bitcoin logo.
This is kind of sad... but I think there's good chances it will go this way.

I'm seriously thinking if Ethereum is going to replace Bitcoin in just 2 years... and if Ethereum is the cryptocurrencies killer app.

Toi are light years behind times, IBM and Samsung going to fork eth, anyway projecteur seems dead

Good information on this thread.

Really hoping for a dead cat bounce right now...

Can someone explain this fiasco, explain like I'm 5 ;)

Explanations are just noise.
Markets - they are what they are.

Ladies and gentlemen, place your bets. ;)

I would rush to buy some more upon dip.

If the two big companies of Computer Industry are interested on ETH then Yes price goes up, If not, not. Prices on market keep controlled for the trader bots to get profits to his owners.

"I bought Etherium in its pre-sale. I waited for more than a year. I want my Bitcoin!! That's why I'm selling" <--- dumper, of which there've been many.

Which price was the ETH presale at ?

.

Jeez...you got me there. It was so long ago, I only remembered that it varied in the usual sliding-scale early-bird-discount way.

In the beginning, you could get 2,000 ETH per BTC. Now, aside from the beginning bid price on BITTREX last week of 0.08 (which came out to 12.5 ETH per BTC, a whopping increase of 160 times), the current price has temporarily stabilized to an artificial value of 0.00629951 BTC/ETH, or 158.74 ETH per BTC, roughly. This by no means is an actual price however, as corporate giants are taking ethereum to the next level...you better hang on to every ether you have and keep the password in a vault.

.

I've been enlightened! I'm sure there's not much more to it ;)

I guess the august 11 bounce was the dead cat bounce..

Volume is already decreasing after this dip from high a day ago. I expect it to drop down further from here.

Price is down 20% since 24 hours get out while you can i think i smell another paycoin brewing

Sell on an downtrend:  is good idea it?. Maybe you are talking about ones that they bought cheaper.

once gui wallet is made available price will go down a lot.. :P

I guess so

How much do people think is locked up waiting for the release of a GUI wallet? I couldn't imagine people not being able to figure how how to use the command line or at least get someone to show them how rather than sit around and watch as the value of their coins go down. The more ETH someone held the more this would be true, so I would only think your theory would hold true for people with relatively small amounts and not enough to make a significant impact on the market.

Let me say it in other words: Midas King lost its charm,  is happening with ETH it?,  Maybe they could forget all is thing of the gui. Anyway M_ _ _ _ o could are taking advantage of the situation.

WTF is that supposed to mean? Imagine if you go in the bar now and pay with bitcoins. Imagine if you go in bar on year 2017 and pay with bitcoins. Imagine if you have HTC, Apple, Samsung, Nokia, Jolla, Blackberry etc.. and the bartender has no phone, only sticker on the desk, you can pay with bitcoins.

How can bartender know that you paid him? You can have app that only looks like you send BTC...

Uh... What? The bartender sees the incoming transaction & deposit on his side...

on what side? He has only sticker :D

whats the update on this now? last week there was a slew of ethereum threads.

Coin doesn't look so healthy. It's pretty much a freefall.

Fun how people are now starting to see that the price was all hype.. No updates for a few days, volume drying out and we are heading towards IPO prices already... With 90% of people not even having acces to their coins.. I can see where this is going, can you?

ETH will be another display of slow-death-coinsyndrom which bitcoin and ltc already had or DGB and VTC too. This sometimes deadly desease is caused by high inflation and even if people like to deny it: gravity is a law of the first order in this universe and you can not beat gravity - do not even try to beat gravity, it's futile.

So, yes, we'll be buying below ico price 8 to 12 months down the road  ;D
Patience, patience ...

If you believe the FUD on this forum about Ethereum you will only have yourself to blame when you are poor in the future.

ETHEREUM is an ingenious bit of programming. All your shitcoin a shit

thanks for info :)

Oh look Ethereum is currently 9X it ICO price!  Don't invest in the Ethereum team guys, they take your money and then multiply it NINE times and then give it back to you!  What a scam that is!

There is so much hate and negativity in the cyrpto world, and it needs to cease.

The reason Bitcoin became popular and successful is because everyone came together in a collaborative effort in order to bring Bitcoin to the forefront. Right now everyone is going with Ethereum, there are a lot of believers in this project, as well as a lot of investors. I personally feel all the other platforms (NXT, BTS,BLOCK etc, etc) just need to move where the money is.... Blocknet is being smart and getting with Ethereum.

Don't invest in something that has been overappreciated 9 times already.. There is a difference in when an investment is a good one.. Now isn't the time. Last year it was. In a month it might be again.

Use your brain guys.
How does all the ICO coins were going here in Altcoin land?
Ethereum is not different. The price is constantly falling with some minor upwards movements to fool the noobs to buy in. With that the price rises and the early investors shares and premined coins get dumped.
The price is more like a roller coaster in the moment and will continue being like that for a while.
Still way overpriced.

That's like telling someone to not invest in Bitcoin because it went up to $30

No.  No thats not the way it is at all.  0/10.  Go and do your homework.

It's at 11 dollars as of today...

The best revenge is success :)

All the bitcoin shills are coming out of the woodwork!  This is hilarious watching the writhe and lash out in the throes of their failing investments.  And still too proud and bitter to let go of their tight fisted grasp on Bitcoin.  They will slowly go broke still hodling an ever dropping coin.

They missed the boat.... The S.S. Ethereum is sailing without them :) hehe   Didn't want them on my yacht anyway! ROFL :)

Read my posts on the last page from last year...LOL

Hello.
I am a newbie into this thing.
Is it the right time to buy ether? Can we expect the value to come down where it used to be?

Etherum to $0.50 within 1 month

Do you mean you still don't have any

no i dont buy into premine ipo scams

Funny what you can find in old necroed threads. :)

How many bitcoins some unknown guy fawkes marvel character Satoshi Nakamoto owns and can dump any time?

Next dump surely will be the last one! And people will never learn not to invest in ico coins.
Maybe after this " catastrophic dump" we could see some logical thinking. Everything is good if you exit on time.

---

Yes but he already had a chance to dump at 800$ for years before.. ::)

S o eth is a scam premined coin with a hidden coins
would you explain more
or it just to let holder sell

This is no scam (not yet confirmed), but many ico coins are scam.
It's very risky investment nothing more. I read somewhere there is no final number of coins , so this can be very dangerous.
https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/

That is old information.  The total number is 100 million now and very small inflation at POS.  So you are completely wrong and losing money because you are taking your info from 2 year old news.

Ok maybe i'm wrong but i definitely don't like shady ICO so i will avoid ETH.
i thought small primine was bad thing!?

Try to educate yourself, here you have many ICOs with greate future!
https://bitcointalk.org/index.php?topic=845494.0

But after all my advice can't harm you!

The total supply of Ethereum is  77,858,621.18 Ether

Genisis (60M Crowdsale+12M Other):   72,009,990.49 Ether
Generated From Mining:   5,848,630.68 Ether
Current Total Supply
77,858,621.18 Ether


http://etherscan.io/stats/supply

Really nobody knows,  Be careful,  If you do not want to risk too just get a couple of these just in case.

ETH is currently the most valued alt-coin.

Stuff that goes up too fast tends to fall back down as people start to panic and take profits. This is similar to BTC in 2014 when it hit $1000 and people thought it would just continue to go up in a straight line. Nothing goes up in a straight line... So if you arn't in ETH, the best strategy is to wait.

It is impossible. I will all in when it is $1.

Better forget ETH forever, it will go down this year. The same like other altcoins, which do not have users.  ;)

How do you come up with that? Why will it go down?

hes just figure it will go down as most alt coins have and became useless, not so sure its the case with ether, seems to have alot of things going for it.

Yeah, like blowing bubbles and open doors... or maybe using it as gas to run a DApp when they are finally allowed to be used on the 21GB blockchain...

The block size grows too quickly.

No, it is not a good time to buy Ether IMO. It had a dramatic rise in price starting this January then a dump two days ago. Price is holding around .030 on Kraken.

Price may tread water around .030 for a while then one of two things will happen. Price will tank like the normal altcoin pump and dump or price will increase past the all time high made on 3/13. If Ether really has balls and a new ATH is made that is the time to buy on the breakout, but even then I would wait for a pullback. This coin needs to prove itself. There is no rush to buy.

wise words.

If the Ethereum price stays around 0.025 for a few months and consolidate, it is good for the long term prrice  in the future.

i doubt if this can happen.
OP is pointing out a couple of very interesting facts in 8-2015

ETH has 60 Million coins premined and there is a lot of new coins being created everyday. the total available supply of ETH is already 5 times more that bitcoin.

i am not an expert but looking at other altcoins with massive supply shows that none of them can have high prices. just check coinmarketcap to see for yourselves.

Yes but if eth gets adopted by the masses more so than bitcoin then a higher price can certainly be justified.   I am aware of the issue you bring up but price and supply don't necessarily move in lockstep.

OK, but isn't being adopt. It's 99,999% speculation.
May be? I don't know and nobody knows. Since January ETH skyrocket thanks to Bitcoin storm, aside the hype.

I have ETH, I think this shitcoin will return a good reward this year. Only need more negative news from Bitcoin war, and these war is far from over.

or Auroracoin

How the hell are the masses gonna adopt ETH, when simple Bitcoin wallets are still beyond most ;D

Only way is neglecting facts that BTC is way stronger currency. And as investment more secure than any other alts!
I'm not scared of alts, how many times i believed in same stories about future success..NEXT BITCOIN! And i was JACKASS..

yeah bitdoin is the strongest, but this not mean that there should be not a good second cointhereum still increase by 8x from when it was before the pump, this is a very good rising if it can stay there

Bitcoin and Ethereum are different. They have different applications. I heard bitcoin can also be used in Ethereum platform.

IOTA is a bigger scam than ethereum and LISK.  Where is that IOTA POLL oh yes let me unlock it since you continue .