Ethereum Ship sinking!!!!

[vopakee]

It was obvious. Last year it was sold at 2000 ETH / 1 BTC.

Well, back then the scene was different, now we have working software - back then we had only promises.
Edit: *Seemingly working software* I should say.

[1715367494]

1715367494

[1715367494]

1715367494

[r0ach]

Monohulls sink, catamarans just flip over and float uncontrollably.  Maybe Ethereum will just do this instead:

[criptix]

20$/paycoin

nuff said

im sorry   

[shanem]

last night I dumped 12000 eth and voila the price sunk from 0.63$ to 0.58$.
Good ridence Ethereum.

So you are the one who cause the ETH price to go below 0.0025.
Now the price of ETH has risen, you should have waited for it to rally before dumping.

[johnyj]

IT guys typically have no knowledge about economy and finance, because that is usually decided by their boss

[tokeweed]

It was obvious. Last year it was sold at 2000 ETH / 1 BTC.

Well, back then the scene was different, now we have working software - back then we had only promises.
Edit: *Seemingly working software* I should say.

True.  But it's still going down.  What does that tell you?

[BurstIncomeAsset]

Not that I want to criticize or argue about Ethereum, but in my opinion Ethereum was a classical "too much promise, too little results" type of coin.

Yes if they could fulfill their promises, and that is a big if, then it would be successful. But the way it is headed, i`m not seeing a bright future of it.

It could turn out to be another Paycoin.

[monsanto]

Not that I want to criticize or argue about Ethereum, but in my opinion Ethereum was a classical "too much promise, too little results" type of coin.

Yes if they could fulfill their promises, and that is a big if, then it would be successful. But the way it is headed, i`m not seeing a bright future of it.

It could turn out to be another Paycoin.

Anyone who has tried the contracts out knows this will never be as useless as paycoin.

[Come-from-Beyond]

True.  But it's still going down.  What does that tell you?

That USD is going up?

[tokeweed]

True.  But it's still going down.  What does that tell you?

That USD is going up?

Or the people are dumping?

[RealBitcoin]

if i were in the op's position i would sell and do my best to recover my capital etherum has been going downhill for sometime now.

And how stupid I was a few months ago. I wanted to buy this crap back then. Glad I didnt, i always suspected it to be a massive scam.

Now my suspicions are almost confirmed.

[worhiper_-_]

For being what is is, I'd say that ethereum's launch wasn't as catastrophic as other launches have been. The price rebounded but it's not clear what'll be happening in the close future. While there was a lot of buzzwords and praising, I'm confident that Butterin spent more on development than advertising. The release proves the context to some extent, but as Butterin said, if no innovation comes from the community Ethereum won't be much of a success.

[Denker]

For being what is is, I'd say that ethereum's launch wasn't as catastrophic as other launches have been. The price rebounded but it's not clear what'll be happening in the close future. While there was a lot of buzzwords and praising, I'm confident that Butterin spent more on development than advertising. The release proves the context to some extent, but as Butterin said, if no innovation comes from the community Ethereum won't be much of a success.

Check the chart since Ethereum was launched. Dump, then small rebound.Dump, small rebound.Dump, small rebound. Dump...
The direction is south. Pretty sad for the people who bought on exchanges. Many got burned.

[tokeweed]

^ Yup yup yup.  Sharks couldn't wait to dump during all the hype.  And Buterin and co. did a good job timing the 'frontier' release before the hype gets stale.  And well before the Ethereum foundation running out of money and that leaking out.

[worhiper_-_]

For being what is is, I'd say that ethereum's launch wasn't as catastrophic as other launches have been. The price rebounded but it's not clear what'll be happening in the close future. While there was a lot of buzzwords and praising, I'm confident that Butterin spent more on development than advertising. The release proves the context to some extent, but as Butterin said, if no innovation comes from the community Ethereum won't be much of a success.

Check the chart since Ethereum was launched. Dump, then small rebound.Dump, small rebound.Dump, small rebound. Dump...
The direction is south. Pretty sad for the people who bought on exchanges. Many got burned.

I'll agree that some of the people who followed the laucnh hype got burned. But then again, I don't think this 'dump' can be compared to any other altcoin. WHat was usually the case with altcoins without innovation was that just days after the launch the price would have reached the bottom low as the promised woul;d have proven unreachable. Ethereum still shows potential, although the press release from Butterin saying the foundation lost $9m worth of funds was met with a 20% drop, the price somewhat recovered.

[tokeweed]

For being what is is, I'd say that ethereum's launch wasn't as catastrophic as other launches have been. The price rebounded but it's not clear what'll be happening in the close future. While there was a lot of buzzwords and praising, I'm confident that Butterin spent more on development than advertising. The release proves the context to some extent, but as Butterin said, if no innovation comes from the community Ethereum won't be much of a success.

Check the chart since Ethereum was launched. Dump, then small rebound.Dump, small rebound.Dump, small rebound. Dump...
The direction is south. Pretty sad for the people who bought on exchanges. Many got burned.

I'll agree that some of the people who followed the laucnh hype got burned. But then again, I don't think this 'dump' can be compared to any other altcoin. WHat was usually the case with altcoins without innovation was that just days after the launch the price would have reached the bottom low as the promised woul;d have proven unreachable. Ethereum still shows potential, although the press release from Butterin saying the foundation lost $9m worth of funds was met with a 20% drop, the price somewhat recovered.

Wtf?  Did you see how much volume Ethereum had the first few days?  Over a million dollars daily.  That's how much ETH was dumped on a daily basis. Compare that to your everyday 'scam' where most would have a hunded dollars volume if you're lucky.

The extra ordinary ones go over a million in volume then *poof* volume gone in a month or two.  Then stagnate for a while.  We've seen this happen again and again.

[RealBitcoin]

Too bad you cannot short most of the altcoins, not all exchanges allow it, certainly not the ones I`m trading at. It would be an easy bet.

[stellargratis]

if you are not sure dump or pump, you can sell 50% your ETH and hold 50%.

[tokeweed]

^ Lol. 

If you aren't sure then you shouldn't be trading in the first place.

[chennan]

IMO, ethereum doesn't hold any revolutionary qualities and shouldn't be an altcoin that one would invest for the long run.  I truly think it was meant to be a hype kind of coin for pump and dumpers to make a quick buck on.