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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: 25hashcoin on March 03, 2016, 07:01:22 AM



Title: Good post on the problems of ethereum
Post by: 25hashcoin on March 03, 2016, 07:01:22 AM
https://www.reddit.com/r/BitcoinMarkets/comments/48q97z/daily_discussion_thursday_march_03_2016/d0lqhwo

Worth sharing.


Title: Re: Good post on the problems of ethereum
Post by: benthach on March 03, 2016, 07:23:14 AM
https://www.reddit.com/r/BitcoinMarkets/comments/48q97z/daily_discussion_thursday_march_03_2016/d0lqhwo

Worth sharing.

so true. i'm still considered it as a scam as well but the whales go full mental over it. no adoption, not proven, unsafe and the lists go on and on but the hypes go full mental at this point.
when the volume about to die out we would then see a full mental pump or dump, this keep repeat again and again. i guessed people are forgot only 10,000btc then this coin would be dump to nothing as it is mainly focus on one exchange


Title: Re: Good post on the problems of ethereum
Post by: TPTB_need_war on March 03, 2016, 01:38:54 PM
https://www.reddit.com/r/BitcoinMarkets/comments/48q97z/daily_discussion_thursday_march_03_2016/d0lqhwo

Worth sharing.

I commented there:

Quote
Quote
arkets can remain irrational longer than we would want to believe

Nothing irrational about insiders buying from themselves to pump up volume and price in order to make greater fools jealous enough to part with their money.


Title: Re: Good post on the problems of ethereum
Post by: TPTB_need_war on March 03, 2016, 05:10:19 PM
Further explanation:

Off-topic:

Although I gave in and grabbed a few in the last week.

The way the pump works is the insiders buy from themselves to pump up volume and price, which causes jealous speculators to capitulate. They never buy back your coins that you bought from the insiders. Instead, you can only sell when there are more greater fools like yourself who are fooled by the pump of volume and price.

The true liquidity is probably less than $million (and thus true market cap is only a few $millions at best), and once the rate of new fools is less than those who want to take profits, then it crashes. Then they pump it up again buying from themselves and start the process again.

I believe this is actually illegal under SEC regulations because they are marketing this to USA investors. I will be researching this and posting about it another thread. I believe also this forum could be found culpable and if were Theymos I would make sure I had consulted an attorney.

Personally I wouldn't touch ETH with a 100 foot pole because of the potential of being tied up in some future mass investigation (not that would normally make sense but...). I fear the governments are going bezerk due to bankruptcy and they will use any excuse to tie people up in audits and other crap from 2017 onwards.

It just isn't worth it. Any one buying little morsels of a scam is just not very wise. If you are going to buy ETH you should be doing it large size to make it worth your risk, but then you should only risk what you can afford to lose and remember the insiders will not let you compete with them.


Title: Re: Good post on the problems of ethereum
Post by: stoat on March 03, 2016, 05:36:13 PM
Further explanation:

Off-topic:

Although I gave in and grabbed a few in the last week.

The way the pump works is the insiders buy from themselves to pump up volume and price, which causes jealous speculators to capitulate. They never buy back your coins that you bought from the insiders. Instead, you can only sell when there are more greater fools like yourself who are fooled by the pump of volume and price.

The true liquidity is probably less than $million (and thus true market cap is only a few $millions at best), and once the rate of new fools is less than those who want to take profits, then it crashes. Then they pump it up again buying from themselves and start the process again.

I believe this is actually illegal under SEC regulations because they are marketing this to USA investors. I will be researching this and posting about it another thread. I believe also this forum could be found culpable and if were Theymos I would make sure I had consulted an attorney.

Personally I wouldn't touch ETH with a 100 foot pole because of the potential of being tied up in some future mass investigation (not that would normally make sense but...). I fear the governments are going bezerk due to bankruptcy and they will use any excuse to tie people up in audits and other crap from 2017 onwards.

It just isn't worth it. Any one buying little morsels of a scam is just not very wise. If you are going to buy ETH you should be doing it large size to make it worth your risk, but then you should only risk what you can afford to lose and remember the insiders will not let you compete with them.

Pretty pathetic. Why don't you scurry back to your self moderated thread where you can FUD in safety.