Bitcoin Forum

What is wrong with Ethereum??? I hold a couple of thousand ETH, the price has been declining for weeks now??
Should I dump or hodl???

You should hold your ETH. Now is a bad time to dump as many sellers have sold their coin and there will be a pump on ETH soon.

are yoiu hvn a laugh mate?

Imo eth is only dumping

I don't think that's too unexpected. With the way ETH was distributed, many of the investors tryied to profit from the launch. It's market will be bearish for a lot of time until it starts being useful in one way or another. Ether has a lot of potential uses but believe it or not, many have yet to grasp what's going on. Give it some time and the market will stabilize, but it won't go up necessarily.

I can only repeat myself again and again.Typical pump and dump and totally hyped. Of course this thing still is overpriced.My prediction was and still is that's going down to IPO price. What happens then I don't know. Lot's of people got burned and the devs made a nice profit. Does Ethereum finally have a wallet? Without wallets you even don't have the basics which should be a must have.That's ridiculous when you keep in mind that guys raised $18 million.Unbelievable!

I think eth's ship already sunk. Time to move to the next big hyped up thing.

Which dapp? Before we don't see any killer dapps, it's most probably dumping.

You should've dumped your coins when it first started trading in exchanges. Every second you hold this coin you'll lose money in dollar or btc terms. People who bought this coin after trading's started in exchanges have already made developers rich. Don't hold anymore, dump it and cut your losses.

Ethereum is taking what would be considered its normal ride in the markets. Miners are making its price go down. Before the ethereum platform sees some real adoption the price will decrease even more.

If you keep holding your coins, you will lose your money more. Just dump all of them and move on.   :D

last night I dumped 12000 eth and voila the price sunk from 0.63$ to 0.58$.
Good ridence Ethereum.

What did you expect? That is quite an amount you dumped, ofcourse it will impact the price ;)

I've been saying from the start that these prices are way over the top for what they are offering. People are now slowly realizing this and by every dump another dump follows out of fear.

Buy back in when we are around IPO levels or below and you will have some smiles when prices correct again :)

What was the original IPO Price?

50 000 satoshi ???
And current price is 300 000 satoshi.

dump and buy at $0.15

if i were in the op's position i would sell and do my best to recover my capital etherum has been going downhill for sometime now.

Good job. You're not in loss after this move. You'll see way less prices for this shitcoin.


0.15$ is still too much for this coin. The only way is down, this is the most overpriced coin in the altcoin world right now. It won't even have dead cat bounce.

^ What makes you so sure?

It was obvious. Last year it was sold at 2000 ETH / 1 BTC.

Well, back then the scene was different, now we have working software - back then we had only promises.
Edit: *Seemingly working software* I should say.

Monohulls sink, catamarans just flip over and float uncontrollably.  Maybe Ethereum will just do this instead:

https://i.imgur.com/2BbmUEl.jpg

20$/paycoin

nuff said

im sorry   :D :-X

So you are the one who cause the ETH price to go below 0.0025.
Now the price of ETH has risen, you should have waited for it to rally before dumping.

IT guys typically have no knowledge about economy and finance, because that is usually decided by their boss

True.  But it's still going down.  What does that tell you?

Not that I want to criticize or argue about Ethereum, but in my opinion Ethereum was a classical "too much promise, too little results" type of coin.

Yes if they could fulfill their promises, and that is a big if, then it would be successful. But the way it is headed, i`m not seeing a bright future of it.

It could turn out to be another Paycoin.

Anyone who has tried the contracts out knows this will never be as useless as paycoin.

That USD is going up?

Or the people are dumping?

And how stupid I was a few months ago. I wanted to buy this crap back then. Glad I didnt, i always suspected it to be a massive scam.

Now my suspicions are almost confirmed.

For being what is is, I'd say that ethereum's launch wasn't as catastrophic as other launches have been. The price rebounded but it's not clear what'll be happening in the close future. While there was a lot of buzzwords and praising, I'm confident that Butterin spent more on development than advertising. The release proves the context to some extent, but as Butterin said, if no innovation comes from the community Ethereum won't be much of a success.

Check the chart since Ethereum was launched. Dump, then small rebound.Dump, small rebound.Dump, small rebound. Dump...
The direction is south. Pretty sad for the people who bought on exchanges. Many got burned.

^ Yup yup yup.  Sharks couldn't wait to dump during all the hype.  And Buterin and co. did a good job timing the 'frontier' release before the hype gets stale.  And well before the Ethereum foundation running out of money and that leaking out.

I'll agree that some of the people who followed the laucnh hype got burned. But then again, I don't think this 'dump' can be compared to any other altcoin. WHat was usually the case with altcoins without innovation was that just days after the launch the price would have reached the bottom low as the promised woul;d have proven unreachable. Ethereum still shows potential, although the press release from Butterin saying the foundation lost $9m worth of funds was met with a 20% drop, the price somewhat recovered.

Wtf?  Did you see how much volume Ethereum had the first few days?  Over a million dollars daily.  That's how much ETH was dumped on a daily basis. Compare that to your everyday 'scam' where most would have a hunded dollars volume if you're lucky.

The extra ordinary ones go over a million in volume then *poof* volume gone in a month or two.  Then stagnate for a while.  We've seen this happen again and again.

Too bad you cannot short most of the altcoins, not all exchanges allow it, certainly not the ones I`m trading at. It would be an easy bet.

if you are not sure dump or pump, you can sell 50% your ETH and hold 50%.

^ Lol. 

If you aren't sure then you shouldn't be trading in the first place.

IMO, ethereum doesn't hold any revolutionary qualities and shouldn't be an altcoin that one would invest for the long run.  I truly think it was meant to be a hype kind of coin for pump and dumpers to make a quick buck on.

It could hold, but it doesnt.

If they fulfill their promises and implement all those features in it, then it will be very sensational.

If they dont then it will be a pump and dump scam. I tend to think the 2nd is more likely at this point.

im still a believer that Ethereum will hold a lot of promise. we're still only in the first stage of their planned release, and anyone who wants to make a quick fortune on ANY altcoin will be disappointed. the key to any market is patience. the fact is, while the developers may have suffered from fiscal mismanagement and have struggled to live up to the schedules they promised initially, they still have a development team that is very involved with the project.

i dont see ETH as a scam coin. i view those as the ones that are simple clones of something with no vision of innovation, the ones where the developers releases the coin, the ones with massive premines that have no justification (or instamines) and a complete lack of transparency. the ones where the developers disappear quickly after release (once theyve made their money). the fact that vitalik is remaining heavily involved and communicative is why i have faith in the currency and platform as a whole.

theyve done wonders making mining easier, and the integrated mining inthe releases has been brilliantly convenient. and although theyve failed in their ideal of keeping mining from becoming centralized in the hands of a few megaminers, the idea of ASIC-resistance is something that others who build forks and clones of ETH will improve on. theyve made a LOT of blunders, but that happens a lot more (and worse) with a lot of other altcoins.

i think a big problem with Ethereum, right now, isnt with the development team, its with the traders who expected to make themselves into instant millionaires and contributed to the decline of the currency by dumping their massively mined coins. there are no guarantees in any speculative market and until Ethereum's promise of a DAPP rich blockchain is realized, thats all ETH really is.

what would create more trust would be for vitalik, and the core development team to make their wallet addresses public so that they can be monitored by the community, and to commit to holding those funds, or placing them under slow release contracts. they have to have an incentive to continue working on the project, but there does need to be a sense of trust from the community, and full transparency in this cryptocurrency world is necessary to KEEP trust.

i can see ethereums value continuing to drop, which suits me fine because i cant mine as ridiculously many ETH as those who have two thousand dollar GPU rigs set up to take advantage of the market and i have to build my stake the old fashioned way with intelligent trading strategies. those that hold ETH in their portfolios presently and are so dead set against it, heres my ETH wallet..

0x17aaa85093a49fb19bd35ea2c8e612868745c926

just ship them over to me and ill give them a good home. i can even Fed-Ex you a kitten in return (chuckles). those who are complaining about ETH who arent holding any in their portfolio are just trolls. simple as that. they COULD use a good group of community managers who can keep a consistent message in the social media and altcoin forum world, (im available, i have a couple hours a day free aside from acting as community manager for another altcoin, ill even take payment in ETH.)

Cheap trick, of course noone will send you ETH and this doesn't prove your point because noone will send ETH for free if they can get at least 1 satoshi for that.

of course they wont. im just trying to illustrate how silly some of the people here sound. no currency, crypto or otherwise, will EVER have a pure value gain. there will always be bear and bull trends in the marketplace. if they truly think ETH is a scam, then why did they invest? were they coerced into investing, of course not. we make our own decisions on what to invest in, and live with the consequences for good or ill. have i made boneheaded investments that i lost out on... definitely, and more than one. sometimes you have to take a loss, or wait it out and buy again at the nadir of the price curve, or hold it and hope that it eventually pays dividends. the ONLY time its worthwhile to bitch and moan is when an exchange screws you over and takes your entire portfolio and disappears. of course, due diligence in researching the exchange is your responsibility, just as it is researching the cryptocurrencies you think about investing in. and if you cant affford to lose the money you plan on investing, dont invest. nothing is certain. and to start the FUDapalooza less than two months since ethereum began trading, its the sign of an impatient investor. and theyll NEVER make that overnight millions if they cant innovate the system themselves and instead just hope to profit off of someone elses work. its easy to yell "scam! scam! SCAM!" when things dont go your way or when someone profits more than YOU do, its much harder to take personal responsibility for ones own choices.

and i DID offer to fed-ex a kitten in exchange for their unwanted ETH. kittens are cute, ethereum to them is ugly and vile, so its a wonderful trade off. (laughs) you despereately need to recharge your sarcasm-o-meters batteries.

An interesting question, actually. I don't think that Ethereum is scam but I didn't invest...

It's funny that you think that all of us have invested there... You know there are some people who do there research before investing into a coin, and not just go in based on hype.

Investing on hype can be quick profit very easy, but definitely not suitable for a long term coin like ETH. I expect more from them.

Someone is supporting this coin now. Look at the bad news for ETH and by now I would have expected it to go below 0.002 but till now it is still holding above 0.0025.

I did not buy ethereum when it launched. So it is a good time to buy it now?

No, roughly 1 million per month.

Ethereum was highly overpriced, the concept is great, but without valuable layers upon the protocol it are just words. The dump was very logical, 0.05 per coin with a new coin, come on, not feasible. Sorry for your loss though, I think Ether will fall more, but that's just my 2 satoshi's :)

Just by looking at the chart, the answer is so obvious:  No.

As much as it has fallen it is still far above presale levels. It can potentially fall a lot further.  Ethereum is a project built on future expectations that may still be several years away based on the pace of development.

Then you missed the big chance. People who bought at launch gain %1000 profit. People who bought at exchanges only lose money. It's already over. Ethereum was a big scam and it's dead now.

Lions and tigers and bears, oh my! Yeah, it's going to IPO prices. Just too much headwind.

400'000 USD per month. 2 Million Dollars left to burn.

that's crazy, how stupid is that?

ETH got a big dump, skip it

Yup, 40 million dollars are missing from the market cap since september.

It is not a coincidence.

Yes bitcoin lost some market cap too in the past, but unlike bitcoin, ETH has very greedy devs and spend their fund wrecklessly.

https://github.com/ethereum/wiki/wiki/Morden

New testnet

My thoughts exactly, it's not dead, people who state this dont understand the concept, yet it was very premaruterly launched, and yes, sadly very greedy en centralized devs, that's a shame...

Yeah..  They hurried and made a 'frontier release' before all the hype fades away.  It really says a lot on what (I think) Buterin and co.'s projection for the crypto scene in the coming months.  And it's not good.  We could be in for another year of nothing again on the first half of 2016.

I'm keeping an eye on the price, thought the bottom was 0.0025/0.0026, yet it prooved me wrong, so glad I didnt buy yet ;)

I firmly believe that what Ether is trying to do, bitcoin should do, the blockchain can offer so much more, in such a more safe way :)

ETH is really no different from the scams we see littered everywhere in altcoins.

Like GEMCOIN and other ponzi schemes. I wonder why ETH is based on Switzerland, probably to avoid the US SEC, because it would instantly be red flagged and could be busted that way.

Speculation, speculation, but you gotta admit that 3 year almost and still no wallet, but yet millions of dollars already evaporated. It is a big red flag.

While i agree with most of it i dont get the part about not beeing US.

For most of us, who are not within the the US restriction, it is way more trustable if something is founded in a wealthy first world country ant not the US.
Personally i would be afraid of crazy tax regulations, fund seizures, assurance, ...

True, but Switzerland is also a criminal haven with no extradition, so if they are caught scamming, and stealing every people's money, they wont even be prosecuted.

I mean to my knowledge cryptocurrency is not even a regocnized item there, so they can steal as much as they want, nobody will come after them.

The cash burn rate of Eth will slower as it will concentrate on very  few developments in the future.

I believe this is the bottom for ETH. Volume of ETH is low and this is done to scare away weak hands. The sell resistance to 0.003 is very low so it is a good time to buy ETH now.

Not at kraken.

https://i.imgur.com/MXU3Kyx.jpg

I think you are talking about Cayman Islands or something, the criminal heaven thing is a story from yesterday before Switzerland started to sign everything from the EU.

Its not _really_ recognized thats true, but it is recognized that if you pay $500 for something and they steal it, that they own you $500 for that.
It is not like stealing non currencys would be somehow legal.

No idea, but if there is no law for it then they could get away with it, or they could say that it was not theft, it was a maintenance cost.

If they want to run a scam, they are more clever than to outright steal the money, instead they will just take it out as maintenance fee, which is still stealing, but that looks legal that way.

Its not like its the first non profit organization that burned their funds on useless stuff.

You should have dumped the second you got them on the exchange and you would be buying in the coming weeks 1/4 of the price thus increasing your coin. You may as well hodl now the time has passed. Good luck in future trades.

^ lol.  Are you retarded?

Like all investments and all new companies, they tend to initially lose value. However, its value is bound to increase if the company or the project show some real potential. Much like bitcoin, if ethereum sees some real adoption it may probably rise in value in the long run.

Another worthy post for the bagholders thread. ;D

With new crypto - it is always in that manner. You can always expecting price going down  ;)

Lots of hype around this "platform", with little being delivered

True.  They only thing I am looking forward to is Augur.  Which isn't even directly under Ethereum.

Doesn't it run on the Ethereum network though.

That will make Ethereum useful.

That remains to be seen sir.  I've seen lots of hype and promises in crypto and most of them are disappointing.  The altcoins scene is exactly like the penny stocks scene. It's full of P&D's to make money out of clueless idiots.

And the way Ethereum was hyped, released, then dumped, it sure is looking just like another well executed P&D.  But we'll see what develops.  It's probably going to be another year before we something good out of this.

Of course crypto in general is a cesspool so I agree with most everything you said except that Ethereum "sure is looking just like another well executed P&D."  It could turn into a big pile of crap like everything else but the scope of the project makes it not just another typical alt P&D. A very special P&D? maybe. But I still hold out some hope for this project. Even if Augur fails miserably it is a worthy experiment.

I think Ethereum started out well.  But then for a variety of reasons they started having funding problems.  Maybe their burn rate was high, BTC crashed, who knows...  And if my theory is correct, that most of the ETH presale was bought by mostly insiders and people close to Buterin, then they were already planning how to make some of it back before the project truly fails without producing anything when all the funding is gone.

So they had no choice but to hype it up, get some publicity, get a hurried 'frontier release' ready, then dump to the clueless buyers at the exchanges.

Just like some penny stock companies, some started with a real plan but ended up doing something shady in order to survive.

I do not understand why Ethereum keeps dropping day by day. Now ETH is below 0.0021 and looking to go below 0.002 soon.

The price is still above the ICO price. When the price is below the ICO price, it might be the end of Ethereum.

This is a well-known paradox of cryptos, more innovations = lower price.

^ Lol.

Maybe Buterin an Co. are not done selling yet.

With average volume of 500,000 Eth a day, for 60 days, that is 30 million in total since early August. It is less than 40% of the 74 million of total Eth supply.

So the dump has not finished.

When the total volume is 200-300% of the total Eth supply, we may think the dump has finished.

It looks clear to me now that ETH wasnt anything more than a hyped scam, that is close to extinction now just like dinosaurs.

C`mon guys its a 3 year project and still no GUI wallet. Yet millions of $ already burned, it looks like a brilliant scam.

Good point!

Reason for that paradox:

Doesn't matter how fancy you make the staterooms or who you hire for onboard entertainment, the passengers feel overwhelmed by the complexity of the onboard rules and regulations.  This causes them to feel intimidated and thus leave shortly after visiting.  This exodus is further compounded by the fact that all they really wanted to do was get on a simple ferry across the river.

Sometimes "Keep it simple, stupid" (KISS) is the best approach.

Or maybe trading will always be trading no matter the playing field.  And that's good.  When the tide changes, we'll see some of the more worthy alts go up due to an influx of money.

I thought this was one over-hyped coin. I never touched it. :P

The question is that will it go up later? If it will go up later, then we will buy some now and sell when price is high.

I have mined it for a months and half because of the profit :)

It is not profitable now. The price of Eth is too low at present. It is impossible to pay  electricity cost from the mining revenue.

Maybe, maybe not.

When the developers are never posting on their official forum, yeah then people get frightened and sell.
The developers need to be present!

Look at other projects like eg. MAID - the developers are all over their forum informing and helping out, and that shows the crowd that they are serious and dedicated!

Then maybe the people are right.  Maybe this is an outright pump and dump after all.

Every dev has his strategy. Wait and you will see.

Oh Buterin's strategy worked alright.  He did pretty well for himself if you ask me.  :D

Did he earn a few hundred thousand dollars for a year' work.

Exactly.  I could be speculating here but him and his group could have bought large allocations of ETH from the presale and were the ones dumping at the beginning.

All in all, not a bad strategy.