many big coins including Etherium have suffered a hard dump preparing for LSK launch
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ETH is even forming a double-top which is never a good sign in a chart. Good timing for LISK.
eth went up because of the dao the dao is coming to a close now so its obvious it will fall back but alot of eth has been locked up so its primed for tasty pump. when i dont know as long as lisk tops out and il sell then and get into eth for that pump.
I see DAO more as a risk for the ETH price. Everytime DAO invests, it will release ETH or even sell it itself. And it won't be just about the real sell-pressure but also and even more about the psychological dynamic. Why should anybody buy ETH if he knows that there is a multi-million-dollar-proposal? And just btw: If ETH goes down, DAO loses also Marketcap.
If I would hold a lot of ETH I wouldn't see DAO as a good sign but more as a threat.
but the whales are definitely on eth i do agree with you though but you know crypto its funny sometimes. i dont think eth price real no way whales are upholding that. its the same reason why i think lisk cant reach that price as eth shouldn't be there either. we need whales to move markets. il admit if iv ever made boat loads of cash its because of whales manipulating markets. there are dozens coins out there that are undervalued. ive invested in dao because whales will pump the shit out of that. signs are there a group owns around 50%. i want to make money lisk, eth, dao, waves, wings, rise, all will do that current hype is lisk. cant wait for today
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