As I just posted in another thread, I don't see how ETH  can be selling for 0.027 right now. Anything over 0.015 blows my mind to be honest. I think there is going to be remarkable ETH crash and I don't get why there is such a frenzy for it. But who knows, there may be no reason to it.

ETH has a lot of good things going for it and is a really cool coin -- err, token. Internet fuel, or whatever.

That being said I think the prices it has been going for are pure crazy.  1 eth should not be selling for 0.027 btc right now, it's totally wild. 

I think a reasonable price would be somewhere around 0.006-0.009 .  That being said, even after its last big dip, it went right back up to high 0.02's so I guess that's just the going market rate for such high demand and promises. 

Personally, I've been unloading ETH as soon as I get it. Besides regretting the 30 or 50 or so I sold at 0.015, I've been happy to sell it as soon as I get it.

(That's fine if you don't agree with me, just my two cents.)

Any ideas on why anyone would do this? What could possibly be gained for these asshats? I don't get it.

We aren't going down that far, I think. I think we've already seen the low.

I know for me personally, there is no way in hell I'd sell less than 450 right now.  I bought last at 442 and feeling really comfortable at that. In fact I think the last 24 hour low is going to be the lowest low we'll have for a pretty big stretch.

Crap first time I checked the price in a month. Sigh, dropping like a rock. I'm surprised at the optimism here (it's great to see, just envious I guess) when the price is a 1/20th of what it once was.

I might as well keep my wallet staking as all my hobos are worth so little now, but I'd be really happily surprised if the constant downwards trend reversed itself, in my experiences with alts, that doesn't really happen.  

Though I always did think HBN was one of the best, if not the best, POS coin. Maybe part of it's fall in price is just the general altcoin-overload traders have had after the 500th coin was released.

I think this is my favorite thread of my life.  The meme to noise ratio is incredibly high and amusing.

Going to go out on a limb and say that I today's low is going to be the lowest low we'll see for a LONG time and I bought today and I feeling confident it was a good call.

2btc weekly volume! Whew lol, how the mighty have fallen. Just one single AM share was over 2 btc for a little bit...

What do you guys use havelock for out of curiosity?

I used to trade AM on there daily but haven't used since AM folded. Is there anything besides trash  on there these days?

Thanks for posting this update burnside.

Lol @ all the gambling recommendations.  Gambling is not an investment strategy...its gambling. Gambling is fun, but know that the house always has the best odds, thats why you see so many gambling advertisements here.  If you do gamble though, don't use Betcoin, its crap, the screwed me out of some money recently.

 

LISK isn't going to do much price-wise I don't think.

Seems like so many folks who missed the ETH train hope they will have a second chance with LISK but I don't see it.

ETH isn't scam.

It is just incredibly overvalued. There is no rationale way it should have been anywhere around 0.03 btc. Its just pure speculation.

Not a bad experiment, and way better than a 1000 other shit coins. But a price around 20-25% of what is now seems much more reasonable to me.  Over .02 is crazy. 

That being said I'm so glad I started mining it 4-5 months ago or so.

Eth was ridiculously over-valued.  I think anyone in crypto for any moderate of time would see that anywhere around 0.03 btc for 1 eth is insanity.

Not that Eth is terrible or anything.

It's natural price fall is compounded by this latest bitcoin price boom. I agree that there is much more falling to come. I'd imagine it will settle around 0.006-8 or something. 

I've been mining it and selling it right away for many months now. Terribly incredibly overvalued.

Haha I fell for that one like 15 years ago when I was dumb and young. I wonder if its the same scam or even the same guys.

425 btc! Holy crap. That's a lot of money.

I'm really sorry man, that's terrible.

Also sorry, but the police will be just about useless here. It is hard enough to get them to do anything if something physical was stolen, but bitcoin, they won't even spend 15 minutes on, even if it is 100,000's of dollars. Not trying to be a douche but just realistic.  If there is a 'cyber police' in Canada is probably about 3 or 4 guys actually investigating crimes and they'd only be servicing large companies, not individuals.

Oh man. I hope the guy wasn't just sleepy and thought that was the transfer amount, not the fee. I'd feel pretty terrible for that guy. I wonder what the story is.

^^ agree.  Its not that is impossible for this to happen if you are using linux but it is about 10,000 less likely. So, ya, next to impossible.

If that's too much trouble I recommend using the wallet service at blockchain.com. It seems to me at least that security their is quite high and they've been around since the beginning.

Why did I sell at 435? Sigh.

Bitcoin you crazy.

^^ hmmm haven't heard of MOJO will give that a gander.

Been reading about LISK today for the first time and it does looks really promising. I think ETH is over-valued IMHO as the stuff you can do with contracts seems limited in complexity. In comparison LISK would be infinitely more useful especially as it uses a common language. The big question is whether it will actually work as proposed though.