Bitcoin Forum

In just 24 hours Ethereum classic Volume is 14579+, the price went as low as 75000 Satoshi. The way i see it , buy now at -25 change. What do you think?

Best to look at the bigger picture. Price is still heavily fluctuating, floor has yet to be found. Also, 15000 volume was almost all from a day ago. Watch as the volume drops in the next hours.

Main problem with ETC long term is that the only coins available for trading on polo is from eth holders on polo. Outsiders have no way to get their coins on the exchange yet, and I bet every non fork supporter is quite willing to let their free coins go to buy more eth.

If you look here:

https://poloniex.com/exchange#btc_etc where at time of posting  11,722,425 ETC had been traded for Bitcoin

vs

https://poloniex.com/exchange#eth_etc where at time of posting 1,297,612 ETC had been traded for ETH

It seems most people who want to sell their ETC are trading for Bitcoin. Although that might be just an indication that it's difficult to sell for ETH. On the other hand it is interesting that there are individuals using their ETH to purchase ETC.

If you enjoy really risky situacions

Buying ETH was originally a risky situation, everyone bought into an ICO that locked their money up for a year with lawyerly language put in that this is not an investment.

as time of posting now on poloniex

It seems it was perfect idea to buy when you posted this post. You would earn half of investment over night.

did already that, made some good profit

I was unlucky missed the etc train and also lost so much selling at 100k which i have bought at 130k price.

It is quite risky to trade ETC. You do not know when the DAO hacker will dump his ETC and if he is part of the ETC whales.

He's going to dump this weekend. ETC soon to 0.00.

Source? Seems like this would be shooting himself in the foot, and the guy is obviously a competent trader, that short was a work of art. Why would he supress the price of an asset he is a major holder of, when there is an obvious uptrend in progress? And what books would he even dump on? Polo? I think they would see the incoming deposit and figure out who it is.

It is possible the hacker is involved in the ETC initiation. Otherwise, no other people dare to pump the ETC.

Lol looks like price indeed crashed this weekend  :P

i still believe its a good time to buy ETC

If he did then now we know part of his motivation is to bring The Ethereum fork down. I speculated that his motivation is to destroy Vitalik's Ethereum because the hacker might be a bitcoiner. There is also news that the attacker is Mircea Popescu. He is an oldschool bitcoiner and he is feared by everyone even Vitalik himself.

There is in fact no big surprise.  The cast vote on the fork of the ETH holders was:

http://carbonvote.com/

and that ratio is about what one finds in the market share of the post fork ETH and ETC.

mETH heads are so funny... always the same arguments without any source...

good time to buy if you want to give your money to bug abusers and amateurs

go allin , what are you waiting for , your mommy?!

I have not bought any ETH, but I bought ETC (a couple of days ago on bitfinex); however, I understand that recently, some folks had been buying ETH (I think on Coinbase), and they would receive both ETH and ETC, when they transferred their ETH to Poloniex (I don't have a Poloniex account) - so maybe i got ripped off on Bitfinex, if there were better deals?

I don't really want to buy any ETH, but does anyone know exactly when the cut would have been to receive both ETH and ETC - I thought that it would have been prior to the hardfork, but who knows?

There could be various kinds of exploits, no?

Even though I kind of like having some ETC, just for the disruptive factor, but maybe I should sell some or all of my ETC before I lose money?

No, of course not.  If you buy ETH NOW, you only get ETH.  This double thing only concerned people who had ETH balances on these exchanges at the time of the fork.  THOSE were entitled to have an equal ETC amount (and only the amount they had at the time of the fork).  Simply because anybody holding ETH on chain at the time of the fork ALSO would have had both after the fork.  So in as much "holding a wallet on an exchange" is the same as "holding the coins on chain", the exchanges ought to do so.  If they don't, like BTC-e, then they are keeping their customers' ETC for themselves.

You can see ETH before the split as shares in a company XYZ, which split in two companies at the split: XY and Z.
A share from before the split automatically becomes both a share of XY and a share of Z.   So any bookmaker that was holding XYZ for you at that time, is holding both XY and Z for you after that time.  If he only gives you XY, that means that he's off with the Z in his pocket.
But any share XY AFTER the split is only a share of XY.


Don't worry, it is only pre-fork ETH.

There are no "exploits", and funny people call a normal property of forked chains "a replay attack" but it is normal, and has no malice, but if you don't understand it, you can send your ETH when you only wanted to send ETC and vice versa.   A valid pre-ETH address (not one with the DAO or the hacker, but all others) is valid on both the post-ETH and the ETC chain (simply because it is the same chain before split !).  If you sign a transaction on such an address, of course, you sign it *on both chains*, so you move your pre-ETH *at the same time* in the post-ETH chain and the ETC chain.  If you want to avoid that, you have to mix your transaction with coins post-split, so that the transaction is invalid on one of the chains (and you first have to hold some post-coin dust to be able to do so).  With ethereum, moreover, Vitalik designed a special contract to have the same effect.

This effect will happen less and less, as more and more coins will get mixed with newly mined coins and will hence not be valid on the other chain.

Thanks for your response.  What you said is what I had originally thought, then I heard about the coinbase situation of people taking their ETH to poloniex.

I had not thought about the BTC-e situation that you describe in which they keep the ETC, but that makes sense.



Thanks.  That makes sense too.

 Probably, I am not going to take any chances, and I am just going to leave my ETC on Bitfinex until I feel like selling them, unless I feel safe with moving them... which probably I am just going to wait for a while and see how some of these things playout.

i am buying ETC and sell it fast, i use hit and run to get profit. for this coins, i do not want to hold longer. i see many people predict it will be up until 0.01 like ETH, but i think how long should we wait until it reach at that rate? better make it hit and run while watching it growth  ;D

I think depend on your system trading ( strategy trading) trading is serious business and you must make planing about that are like management of risk and money, analysis tecnical, time for exit and entry market, time for be cut lost. You must calculate them. So don't think just click buy and sell becoming rich people from gambling.

I do not buy the ETC. I mine the ETC when it is more profitable to mine than other coins and then sell it.

Source: ETH bagholder.
ETC will obviously not go to 0 this weekend or anytime soon. The "DAO hacker" has high incentives to make the ETC price go up. Both for his own personal gain, and to fuck Vitalik and co which are the one that tried to steal all the money he deserved to keep for finding a flaw on a smart contract.

ETC is still not a good buy at the moment. Its price is creeping downwards slowly. There will be a point when all the newbies panic and dump all their ETC.
This will be a time to accumulate more ETC. By then, the price would below 0.002.

It is better to wait until the DAO hacker or the white hat hackers dump their ETC before you buy some.

Someone is shaking weak hands, the whales want to get really loaded before we march towards the inevitable 0.005+ waters.

ETC ethereum clasic is prospect coin go the moon
i think price ethereum clasic next time equal same ETH etehereum hard fork
maybe price ETC is over big price is compare ETH ethereum hardfork
next time ETC price is $100 every one ETC

Vitalik said he is 100% with ETH.
https://www.reddit.com/r/ethereum/comments/4vurb4/vitalik_buterin_on_twitter_i_am_working_100_on_eth/?st=ireg7ymy&sh=24ec80ec

can wait to see this happen even the price is moving down again just wish that the sleeping whales seen the price moving down so they can make some moves to rise it up.

It is probably wise to wait until the hacker and the ethereum foundation sell out their stash, let price fall a bit and then figure out if it's still worth buying.

That is right. If there are many buyers of the ETC even when the hacker and big whales sell their ETC, ETC has some hope.

a very nice future for ETC on that we're going to go high :-X