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I think that dump that went from 29+ to sub 22 within few minutes, was actually a margin call on some very big long position. And as the price went down to trigger it, there was not enough buy orders to close the entire position at some reasonable level. so it had to clear orderbook pretty deep.
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It's real price is $200. Now it can burst any time be careful.
I don't know how did you come up with $200 number, but i agree its pretty overvalued atm. I dont know where is the "real" price, as its the price people will be willing to pay for it. but potential bottom is likely below 100. I dont think it can go lower than 50 though, because over the course of this gigantic pump, it snowballed so many bagholders and lots of coins went to IPOs as well, that it will sustain it at still decent price level. |
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I can see the low today was 21.50 at finex. Anyone got so lucky and grabbed some below 22? that would be some pretty fast significant gain
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oh well, maybe shorting time has arrived already
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hmmm hmm, looks like selling wasnt that bad idea after all  |
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well, it can go to 100, but i sold all today, just for case
weakness disgusts me feel as disgusted as you like, but you should be happy that i left more money on the table for you. no? Everyone is buying ETC now.
Lots of experts are suggesting to buy ETC now.
It is a good time to buy ETC.
It could go way up in future.
I dont like buying into pump, and almost everything is pumping now. i will wait for future crash and then i can rebuy some; maybe above 100, doesnt matter, but it will be after crash from much higher level.  |
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We just need to be ready, and when the right time comes, short the sh/t out of it  |
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well, it can go to 100, but i sold all today, just for case
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everybody here says how its great, but nobody explained to me how it would actually work. Can you imagine how large can some websites be?
With the SONM project, everybody will be able to rent out their unused hard drive/storage space from their computers, there is where things get interesting, SONM project team are working to provide the algorithm that can handle that. So no matter how big each website is because the offer will be big enough to handle the web hosting request from the market and the prices will be way cheaper because it will be peer to pee ok p2p, hosted on users drives and shared, i can understand this. And what about bandwidth? won't it be loading too slow? |
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Hey, you were right on this one cheers I just came to PC and can see nice 3003 top printed on buttfinex chart. With some fcking crazy 5 min volume traded to reach up there  omg it looks like failed retest of ATH and now dump
At this time, I would hardly call it a failed retest.. to be bouncing within 5% of the top. You gotta zoom out a bit, have a little patience, and see the price pressure situation, as it is, rather than what you wished it would be. And yeah, sure, for several days, we could kind of float in the price arena that is immediately preceding the ATH - even 5% or a bit more and not break above such ATH, but that does not conclude that we have actually retested such ATH. |
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well, but ETH blockchain is already 100GB, what will happen if you add many TB from hosting to it? or will it be stored somewhere else? Thats what i dont understand about this "website hosting on blockchain"
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well, maybe it will be dead, but I have decided to take the risk here.  |
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everybody here says how its great, but nobody explained to me how it would actually work. Can you imagine how large can some websites be?
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ETH failing to perform even when bitcoin is crashing...
But then again, it's gone up 17% today.
Is Bitcoin crashing  Last time I checked price was above $2800, maybe I missed a mini rally in the hours I was offline not yet crashing, but it seems to me that today is turning point. even ETHernal pump is close to the top here. of course i can be wrong, this is just my gut feeling (+ i thought eth top was 100 dollars lower) |
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looks like some shitcoins are starting to fall, this may turn into major one. lets see
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omg it looks like failed retest of ATH and now dump
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that chart looks scary. it could go down 50%, if there are not enough buyers to support it here. But we cannot guess the future price looking at the past.
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The other advantage ETH has is the psychological advance of price. When people buy something they are not looking at market cap, they say hey ETH is $300 and bitcoin is $3000, I am buying ETH because it is going to be worth $3000 soon. It is not logical but it is the reason stock splits are common, people like to buy 10 of something that is $100 rather than 1 of something that is $1000.
with that logic they can buy ETC, its even cheaper and not different from ETH. this all looks just like hype |
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buttfinex charts are laggy. now, when its moving  |
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Looks like a final run for new ATH. Should not take long, $34 to go on bitfinex
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