Bitcoin Forum

Thread for discussion of Ethereum Classic trading and price speculation.

Doesn't look like it'll stay below 0.002 for long. Sell side on Poloniex could fall under 1M this week.

A long slide from 0.0025 btc looked like a decent accumulation, with sell side finally becoming really exhausted by now. Then, a DDoS/hardfork panic this week dropped the price below one bucks (0.0015 btc) and shook out all the remaining weak hands.

With stronger hands aboard, ETC dev team firmly in control of their code and major projects ready to launch on Classic chain (ETCWin, Fundonomy), we are looking for a restart of a major price uptrend.

I thought the 0.002 levels would hold during and after the WHG release of funds as it looked quite strong but I was proven wrong. The issue ever since around 0.0025 has been demand. The buy side were stronger by magnitudes at least before the 0.0015 levels and looking at market depth were like looking at Himalaya in comparison to Denmark.

This is quite important to your analysis as well https://twitter.com/BankToTheFuture/status/787153696182312961

I bought a few coins randomly before I went to dinner today,
come back and see 17% increase in price.  :P

I feel like both ETC/ ETH could go to the moon, or crash and burn over the next few weeks.
Maybe someone more familiar with the changes in the upcoming fork can make a prediction...

ETC trading volume continues to climb, outpacing ETH volume on Polo:

https://twitter.com/bit_novosti/status/787840744216076289

It looks like ETC suddenly gaining an upper hand over ETH in terms of volume. It would be interesting to find out if ETH can retain top position after upcoming hard fork.

Whaleclub: ETC going into major uptrend.

https://twitter.com/whaleclubco/status/787926276329791488

https://pbs.twimg.com/media/Cu9GxY3UMAAdu8a.jpg

Damn what the hell is this peace of nonsense ? Want some TA, ETC broke a long standing descending triangle last week, and just pull backed to it yesterday as it happens 90% of the case. now, again if it doesn't break above the resistance, it's going more south.

you'll lose everything in a week here if you don't go deeper into stuff. thanks for giving other your money anyway.

A sudden increase in volume coupled with a fall in price is a bad sign.  It means that people want to get out and are dumping ETC in the market.  The direct effect of this is on the miners.  It will certainly reduce their earn.

Might as well be that day traders went in and out.. short term fluctuations is the combination of many different interests so it is hard to decipher what they mean IMO. Still up roughly 5% since yesterday though.

perfect bounce against resistance, meanwhile, keep bagholding.

Why is it an indicator to sell when you see one? IMO it's one of many signs of the beginning of a bull market sort of like a tactical door breach where everyone is waiting for it to break to run inside.

To put it simply, that price zone was a major support during months, thus the market participants will mostly buy at that price. Since it has been broken downward, all people that bought at that price are now willing to sell when they can break even.

Now, ETC needs much more "fuel" to break that resistance. smart money, market participants are call it what ever you want, need to accumulate at lower points for that resistance to break.

Congratulations! I always keep low ball bids out in different markets which has produced surprises like that.

I don't think the HF will be of any significant impact on price either direction.

i don't think ETC will change direction anytime soon. the only thing that we can hope for is these small jump backs that is also known as dead cat jumps.

but i think it is still possible in the future that there will be some rises (pumps) with this coin, it is not yet fully dead. needs some hype.

Totally agree with you on that, just that this TA is actually not TA, just non sense  ;D winner in this game are the one that are patient (except when bag holding  ;))

I think some news should be in the market. Too much silence in etc. I was a eth fan boy, as a trader i made some deals in etc too. So far i am happy with eth, not with etc

Just wait and see till ETC reaches it's full potential... It's going to break out the records very soon.

I'm really liking the low-to-no activity of ETC and predicting a very good future of it, along with ETH.

yes i think you have take a good decision and it can give you really a good profit, you just need to be patient and hold your stock and hope that this time Ethereum price is really going to increase to a new level.

I still stick to my belief that ETC has a higher chance of going below 0.001 btc than going above 0.002 btc in the short term. All altcoins are going to be down till after Christmas as whales are selling their overvalued coins and getting into BTC. BTC has a good chance of going to 800 dollars after staying above 600 dollars for a long time. It doesn't matter whether you support ETH or ETC. Both coins are going to go down.

ETC community successfully implemented GasReprice hardfork:
https://www.reddit.com/r/EthereumClassic/comments/599kmf/etc_community_successfully_implemented_gasreprice/

if we consider ETH/ETC , ETC wins. It is only my personal opinion. Very good price movement in polo today. Great volume for ETH, mainly. People will buy ETH, buy wall is strong.

Both ETC and ETH bite the dust the hard way because of the combinated effect of ZCash and Bitcoin. ETH did it an harder way though.

I believe that smart contracts is a strong trend but were accompanied with the misconception that they were unbreakable and once this misconception became undeniable the bubble bust.

Feedback loops work in both directions but downtrends have a tendency towards equilibrium and this means that if developments remain insignificant then no new bubble will begin as smart contracts are still the prevailing crypto trend despite market movements.

However, bearish conceptions and misconceptions about HFs with ETH/C dominates the market participants perceptions which means it will get much worse as it becomes reinforced by new HFs.

The first ETH HF showed how vulnerable investors are to developers of altcoin projects as they are insignificant to the process of HF despite being the owners.

Developers apply their technological perspective to markets and blame speculators for movements, but speculators see a perceived misconception they can profit off in either direction.

The way the ETH/C downtrend ends is by “regulation” of its HFs otherwise the very core propositions of smart contracts and altcoin projects remain susceptible to confidence games thus unstable markets.

And with developers of ETH/C applying their technological perspective that a HF is always for the good of everybody to markets and the market is wrong when they think so, a short position in ETH/C prior to HFs are sound as long as this remains true and the aforementioned conditions remain unchanged.

The ‘prior’-to-HFs makes this trade idiot-proof with the exception if Bitcoin declines during which the short position is taken so when to take the position should relate to risk appetite and understanding of Bitcoin markets.

A “stable" Bitcoin market would reveal if my hypothesis is true or false when applied to ETH/C markets but a surging or declining Bitcoin market would not.

Oh wow, it has declined to less than even $0.75... Pretty surprising, but now I'm surely going to buy a whole lot of it. It'd be recovering it with small bumps hopefully soon.

It was pretty good speculation by me... ETC now back at $0.825 and ready for more.

Rumours on a HF because of the Geth consensus flaw caused ETH/C to drop double digits in percentages the same day it occured. False positive? Possible and we'll see when a HF occurs. There will be different paces by planned vs unplanned HFs but under current conditions of HFs both are predicted bad for price by this hypothesis.

Interestingly if ETH were to become the number one cryptocurrency the accepted fundamentals of cryptocurrency would change.  Did you think about that? A lot of investment into ETH would alter the perception of totalitarian HFs into being regarded as 'true'.

for now that is true. but this will change. BTC price will go down. And after the ZEC-slow-start has ended ZEC will go down and a lot of other coins will go up again.

ZEC price crash-landed, ZEC trading volumes on Polo fall below ETC.

Good update on ETC developments: https://steemit.com/ethereum/@finpunk/ethereum-classic-gets-more-interesting-more-developers-and-a-new-monetary-policy

Is there any big community around ETC anywhere ?
Reddit seems to be quite dead.
https://www.reddit.com/r/EthereumClassic/comments/5ixg1t/do_you_have_a_cool_ethereum_classic_application/

Just some whales want to pump and dump.

Many people in the community have an anchoring bias when it comes to Ethereum classic. They will tend to think or hope that the rise of ETC will be the same as the rise of ETH when it went from $.050 to $20.00 in 3 months. That will not be possible for ETC anymore simply because there are already bagholders who are ready in dumping their bags.

See the price is moving completely because there are developments being made bu the admin, Many improvements will done when admin is more active and is communicating in any other forms but definitely there will be big impact of changing the price. But if really bitcoin price goes down definitely there will be big pump on both ETC & ETH.

maybe just the ETH.

Most of ETC community hangs out at Slack: https://ethereumclassic.herokuapp.com/

Reddit sub proved to be difficult because ETH zealots run non-stop troll and downvote-brigading against it for many weeks, which were difficult to defend against due to Reddit policies. So, most of the community migrated to Slack which is much more active, with 1500+ users.

Most important development is in development. ;) ETC team is choosing different path from ETH, focusing on security and functional approach: https://ethereumclassic.github.io/blog/2016-12-12-TeamGrothendieck/

etc It must be kept, equal to the price eth

Another funny way of looking at the ETC - ETH situation is that the developers, who are willing to put in the time with Ethereum classic, are the ones who are really saving the platform. What started as a scam from Vitalik became a passion project for a small group of underfunded people. 

I highly doubt that. ETC seems to be gaining good support from the Chinese and Chinese can pump up the price to a whole new level.
That is what we are seeing now. We will be hearing new developments in ETC in the coming days which can take ETC to a new level.

That is right. The recent bitcoin price was pumped by the Chinese.

ETH has been facing lots of problems and it will take some time to fix it. Mean while, we can see some investors and traders booking profits in ETH and shifting to ETC. You can see at times when ETH is down, the ETC grows.

ETC to the pump road

i look that ETC price is nice to make profit because the price it seems to often to go down and up in short time so i think we can make nice profit with this. with the gap of the buy and sell order, we can doing trading for ETC and take the profit.

No, not a pump road, it's mega pump road.

Really curious to know what caused ETC this much pump. Yesterday when I thought of buying it, at a very low price, it's value started to increase like nuts. Too bad I didn't purchase it that time.

@Raja_MBZ. 2 months later after your mega pump pronouncement we are still seeing it move in the same range. There is nothing mega about it and in fact there is a dump starting right now. There might be some holders who want to transfer value to XRP or LTC.

I want your opinions, is this a good time to add more ETC or should it be avoided for now? Quality replies only from the traders who know what they are doing. No spam please.

ETC doesn’t have any upward or downward trend aside from maybe some people deciding to pump and dump it if that happens. If you are looking for a coin to jump in prices check the cryptocurrency news.

For example if you look at litecoin now there is a news about segwith acception and chinese miners and so forth which affects the price. Unless that kind big news happening on a coin, the price rise is always a pump. There needs to be a good news about a coin for it to go up in value.

@Supercrypt. If you rely only on the news for your trades then you would lose most of the time except if there is a good fundamental reason for that cryptocoin to go up. Almost all of the cryptocoins do not have a single fundamental reason to support its existence.

Maybe you are correct about litecoin. But for the others, trading on the news does not apply because you will always be too late the day you decide to buy.

Charts looking good

Eth is above $200 Eth C will be atleast half of that by the end of this year

This thread becoming more and more relevant
i see it in 150$ until the end of 2018
many good things going to happen with that project, and it has a lot of support in asia

glad i got in at $10, this is going to be 50-60% of Ether as a minimum

ETC is skyrocketing at the moment, broke ATH and i bit scared of a sudden big pullback.

ETC should go back to 1/10 ETH price soon.
After ETC summit in Hong Kong, more people realize that there are real developments going on for ETC.
Mantis, Emerald project, and etc.

At the beginning of the ETC always went for ETH 10/1 now strongly behind behind. Because the project is good, as the ICO carried out. A group of fans there. Now the miners will go with ETHEREUM on Classic. And the price is very fast I think it will reach $ 100.

And who knows, maybe classic with original chain ever get your ass kicked ethereum

What is with the pump today? How is responsible?

mainly the east is responsible for that
ETC getting very positive attention in China and South Korea
you can watch videos from the summit at etcsummit.com/resources, and you will know everything
they are very close to the VM release.. very close to new era... really many things happening with that project =]
2018 can go to 100$ - 150$

It would be pretty awesome if Ethereum Classic reached $100 .. I have been mining it for a while now and would like to see that kind of return on my mining efforts for sure. :)

ETC and ETH have about similar ratios on market cap and price.
So ETC has more growth potential than ETH, percentwise.

If ETC's market cap reaches ETH level, ETC's price would probably be a few dollars/cent lower than ETH.