Ether Dump? Price Falls Back to Earth as Trading Floors Open

[BIT-Sharon]

The following exchanges are confirmed to be trading Ethereum as of the time of writing. Meanwhile, Yunbi and Crypty who were expected to trade ETH as well, have yet to open their trading floors to the coin.

Gatecoin.com
ShapeShift.io
Kraken.com
Poloniex.com
Bitmex.com
Bittrex.com
NXT asset exchange as SuperEther
Yunbi (Not Trading Eth Yet)
Crypsy (Not Trading Eth Yet)

http://cointelegraph.com/news/115104/ether-dump-price-falls-back-to-earth-as-trading-floors-open

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[unusualfacts30]

I think that was expected. People couldn't sell on Kraken because it takes forever to get registered..as soon as it hit trex price had to plummet

[NorrisK]

I think that was expected. People couldn't sell on Kraken because it takes forever to get registered..as soon as it hit trex price had to plummet

Atleast it was a nice round of profit taking for those who bought in at 0.003 (and had the balls to get out at 0.008..)

I still think we will see sub ICO prices soon (in USD, maybe not in bitcoin).

[Denker]

That was to be expected in my opinion. Pump and dump in several waves.
After each pump the dump gets bigger. This is second dump now in a time span of 7 days. So everybody should see the manipulation here. Although a few guys who bought in at 0.003 BTC and speculated for another pump might have made some nice profit if they got out early enough.

[tyz]

It is a usual behavior for ICO coins. Take a look at NXT, NEM and all the others. The early stakeholders want to make profit. Remember they paid 0.5 BTC for 1000 Ether, it is around $1.30 / Ether. On the beginning the price was around $4, so they made good profit.

[lite]

Not every stakeholders will be able to make profit since GUI wallet is not present atm. People who don't understand how CLI works they have to wait for GUI wallet then we'll see some massive dumps lol.

[ElitistCA]

It is a usual behavior for ICO coins. Take a look at NXT, NEM and all the others. The early stakeholders want to make profit. Remember they paid 0.5 BTC for 1000 Ether, it is around $1.30 / Ether. On the beginning the price was around $4, so they made good profit.

Well, those two arent very good examples. NXT ipo was 21 BTC and now is almost 10 mills, I paid about 5 dollars for Nem stake  it has still value about 0.5 BTC. Actually those IPOs are more succesful then ETH price wise.

[shanem]

Big whales have dumped to scare people into selling before accumulating cheap coins to pump and dump again.
This coin has the biggest volume for all altcoins.

[bit1]

0.003BTC  looks inminent again, However anything can happen.