Bitcoin Forum

Thank you for the opportunity to buy ETH at prices we will probably not see again for a long time.

Gave me the opportunity to go from 70/30 BTC/ETC to 50/50

Good luck everyone!

yeah, thats an opportunity to buy i you are a belieber but i doubt the price will recover as people will start selling hard when deposits and withdraws will be allowed on exchanges

What? $17?? That's not "cheap ETH".

$14 was, a few hours ago...

it'll go a lot lower when people start reading of hard forks

Do your due dilligence and read what is mentioned as the solution.
For further investing advice: http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp  ;D

That's still not cheap ETH

People were saying ETH was expensive at $1.50 a few months ago. Last month ETH was at $9. So $14 is now considered cheap??

It all depends on your timeframe.. if you got the opportunity to buy google shares for 50 a piece now, would you say its cheap?
I reckon there was a time this was considered expensive.

So imo, we will not revisit these fiat values for ETH again, thats why I said it's cheap. And I thanked the DAO hack for making it possible.

Maybe these Smart Contract blockchain devs should set up some kind of Escrow wallet where 51% or 30% owners of contracts can vote to hit a big red reset button and have all funds sent to such an account?

0.021 was the bottom if you bought there it's good, you can dump again at the previous peak and get profit

I get your point but incidents like today might lead to a slow drain in value leaving many bagholders (who thought today's price was cheap). It appears to be in some sort of recovery now (at $17+) so, as you say, $14 could now be seen as cheap I suppose

You should really be thanking Vitalik . By switching the security to Proof of Vitalik he will insure that you will have a fresh supply of new coins at an ever increasing discounted rate! Good luck.

Price rebounding, is everybody rushing to buy it already? https://www.coingecko.com/en/price_charts/ethereum/usd

Thank you for cheap coins. Let's see one more dump so I can fill my last bids. Put back to 18k sat.

The last hour was awesome indeed. I am so happy i had my eth blocked in pols lending. otherwise i may have sold them too. I did not expect the price to recover so quickly, after the news of the hack.

Lol sell your eth, the bottom on that premined ipo scam is gonna fall out and spill blood on the streets.

I bought some when the price was 0.019. I was relieved the fund will not be lost so the DAO investors will not lose.

Im pretty sure I should buy when there is blood in the streets  ;D

In hindsight, I should buy today, not several days ago. The price is 30-40% cheap now. Investment is so risky.

This saying usually has to be said 3 times and only then we have reached the bottom. We heard the first time :D

We shall wait until the soft fork happens to lock the funds. Otherwise, there will be 3.6 million eth flood the market.

You are taking an huge risks by buying a falling knife. It's not clear at all that ETH will recover from this mess. Sure the volume is huge and the price can rebound, bu fundamentals are starting to look uglier than Ribery. So I would just stay all in on BTC to be honest. Good luck with to the gamblers tho.

I think the Ethereum could fall further due to the recent hack. But it seems the price hit the bottom and is rising.

Just a few months ago, ETH was around $1
Don't forget that
And stop pushing the bag, it's disgusting

No it doesn't

Right, IF what you're buying is worth buying to begin with.  Sometimes things get slaughtered for a reason.  Would you have bought Enron stock back in 2001 just because it was cheap?

If you are going to buy then you should buy the dips and sell the pumps. However that strategy doesn't always work like during the dotcom bubble dump. Eth might be headed permanently downwards, so be prepared to sell fast if it gets close to your buy in price.

That is my concern well. If I do not buy now, the price will rise a lot. But if I buy, the price could drop a lot.

Doubled down at 11$, thanks haxor

You will hate the haxor now. The price is $14.6. It has risen from the $11 you like. You should have bought more.

Price is recovering strongly after everyone realised all the anti-ETH fud was exactly that, fud.

Either that or this is the dead cat bounce and the whales are setting everyone up for a big dump.

That would be one massive DCB though so highly unlikely it is that.

You say that like it's bad..

FUD is fine if it's warranted in my books.

The thing is you are implying to the audience here it was NOT warranted in ETH's case.
..and you are wrong. (as usual)

Which i think borders on being dishonest.

so are people dumping bitcoin now to go with etheruem again, or just some investor re-investing in investor after they caused the last panic dump? i can not think of any other reason why the price is recovering right now, i kow brexit has nothing to do with bitcoin crashing...

cant understand, why dao go up?

Simple: Make longs on exchanges waterfall on liquidations> fill your own bags, not only with bitcoins while at it... It will also fuel any future pump due to people fearing being left out after panic selling. All these "dumps" mean someone is "buying" at the same time.

The ramifications of the DAO/ETH hack haven't even begun to occur yet.  Wait till the fork happens or fails to happen, the child DAO matures or is overwritten, the lawsuits get filed, and the investors bail if/when they get their precious DAO ether back.  Until then, enjoy the short term ups and downs, but unless you're a day trader trying to make money on the short term moves, stay away.  Ether is not good for long term investing right now, it's far too uncertain.

After the soft fork, the investors stolen DAO is locked. But I understand it will take a hard fork to get the Eth back. It might take some time.

Average price is at 13.11, so im fine for the moment.
All the fiat thats invested, I can afford to lose.. so even if I will be bagholding after a dead cat bounce (seems highly unlikely atm) its no biggie

Same here. Although I have a few Ethereum, I do not have any DAO. But I wish the Ethereum to be successful.