Ethereum Ship sinking!!!!

[RKing]

True.  They only thing I am looking forward to is Augur.  Which isn't even directly under Ethereum.

Doesn't it run on the Ethereum network though.

That will make Ethereum useful.

[tokeweed]

True.  They only thing I am looking forward to is Augur.  Which isn't even directly under Ethereum.

Doesn't it run on the Ethereum network though.

That will make Ethereum useful.

That remains to be seen sir.  I've seen lots of hype and promises in crypto and most of them are disappointing.  The altcoins scene is exactly like the penny stocks scene. It's full of P&D's to make money out of clueless idiots.

And the way Ethereum was hyped, released, then dumped, it sure is looking just like another well executed P&D.  But we'll see what develops.  It's probably going to be another year before we something good out of this.

[monsanto]

True.  They only thing I am looking forward to is Augur.  Which isn't even directly under Ethereum.

Doesn't it run on the Ethereum network though.

That will make Ethereum useful.

That remains to be seen sir.  I've seen lots of hype and promises in crypto and most of them are disappointing.  The altcoins scene is exactly like the penny stocks scene. It's full of P&D's to make money out of clueless idiots.

And the way Ethereum was hyped, released, then dumped, it sure is looking just like another well executed P&D.  But we'll see what develops.  It's probably going to be another year before we something good out of this.

Of course crypto in general is a cesspool so I agree with most everything you said except that Ethereum "sure is looking just like another well executed P&D."  It could turn into a big pile of crap like everything else but the scope of the project makes it not just another typical alt P&D. A very special P&D? maybe. But I still hold out some hope for this project. Even if Augur fails miserably it is a worthy experiment.

[tokeweed]

True.  They only thing I am looking forward to is Augur.  Which isn't even directly under Ethereum.

Doesn't it run on the Ethereum network though.

That will make Ethereum useful.

That remains to be seen sir.  I've seen lots of hype and promises in crypto and most of them are disappointing.  The altcoins scene is exactly like the penny stocks scene. It's full of P&D's to make money out of clueless idiots.

And the way Ethereum was hyped, released, then dumped, it sure is looking just like another well executed P&D.  But we'll see what develops.  It's probably going to be another year before we something good out of this.

Of course crypto in general is a cesspool so I agree with most everything you said except that Ethereum "sure is looking just like another well executed P&D."  It could turn into a big pile of crap like everything else but the scope of the project makes it not just another typical alt P&D. A very special P&D? maybe. But I still hold out some hope for this project. Even if Augur fails miserably it is a worthy experiment.

I think Ethereum started out well.  But then for a variety of reasons they started having funding problems.  Maybe their burn rate was high, BTC crashed, who knows...  And if my theory is correct, that most of the ETH presale was bought by mostly insiders and people close to Buterin, then they were already planning how to make some of it back before the project truly fails without producing anything when all the funding is gone.

So they had no choice but to hype it up, get some publicity, get a hurried 'frontier release' ready, then dump to the clueless buyers at the exchanges.

Just like some penny stock companies, some started with a real plan but ended up doing something shady in order to survive.

[shanem]

I do not understand why Ethereum keeps dropping day by day. Now ETH is below 0.0021 and looking to go below 0.002 soon.

[RKing]

I do not understand why Ethereum keeps dropping day by day. Now ETH is below 0.0021 and looking to go below 0.002 soon.

The price is still above the ICO price. When the price is below the ICO price, it might be the end of Ethereum.

[Come-from-Beyond]

I do not understand why Ethereum keeps dropping day by day. Now ETH is below 0.0021 and looking to go below 0.002 soon.

This is a well-known paradox of cryptos, more innovations = lower price.

[tokeweed]

I do not understand why Ethereum keeps dropping day by day. Now ETH is below 0.0021 and looking to go below 0.002 soon.

The price is still above the ICO price.

^ Lol.

Maybe Buterin an Co. are not done selling yet.

[RKing]

I do not understand why Ethereum keeps dropping day by day. Now ETH is below 0.0021 and looking to go below 0.002 soon.

The price is still above the ICO price.

^ Lol.

Maybe Buterin an Co. are not done selling yet.

With average volume of 500,000 Eth a day, for 60 days, that is 30 million in total since early August. It is less than 40% of the 74 million of total Eth supply.

So the dump has not finished.

When the total volume is 200-300% of the total Eth supply, we may think the dump has finished.

[RealBitcoin]

It looks clear to me now that ETH wasnt anything more than a hyped scam, that is close to extinction now just like dinosaurs.

C`mon guys its a 3 year project and still no GUI wallet. Yet millions of $ already burned, it looks like a brilliant scam.

[fydel]

I do not understand why Ethereum keeps dropping day by day. Now ETH is below 0.0021 and looking to go below 0.002 soon.

The price is still above the ICO price.

^ Lol.

Maybe Buterin an Co. are not done selling yet.

With average volume of 500,000 Eth a day, for 60 days, that is 30 million in total since early August. It is less than 40% of the 74 million of total Eth supply.

So the dump has not finished.

When the total volume is 200-300% of the total Eth supply, we may think the dump has finished.

Good point!

[Peachy]

I do not understand why Ethereum keeps dropping day by day. Now ETH is below 0.0021 and looking to go below 0.002 soon.

This is a well-known paradox of cryptos, more innovations = lower price.

Reason for that paradox:

Doesn't matter how fancy you make the staterooms or who you hire for onboard entertainment, the passengers feel overwhelmed by the complexity of the onboard rules and regulations.  This causes them to feel intimidated and thus leave shortly after visiting.  This exodus is further compounded by the fact that all they really wanted to do was get on a simple ferry across the river.

Sometimes "Keep it simple, stupid" (KISS) is the best approach.

[tokeweed]

I do not understand why Ethereum keeps dropping day by day. Now ETH is below 0.0021 and looking to go below 0.002 soon.

This is a well-known paradox of cryptos, more innovations = lower price.

Reason for that paradox:

Doesn't matter how fancy you make the staterooms or who you hire for onboard entertainment, the passengers feel overwhelmed by the complexity of the onboard rules and regulations.  This causes them to feel intimidated and thus leave shortly after visiting.  This exodus is further compounded by the fact that all they really wanted to do was get on a simple ferry across the river.

Sometimes "Keep it simple, stupid" (KISS) is the best approach.

Or maybe trading will always be trading no matter the playing field.  And that's good.  When the tide changes, we'll see some of the more worthy alts go up due to an influx of money.

[bitboy11]

I thought this was one over-hyped coin. I never touched it.

[RKing]

With new crypto - it is always in that manner. You can always expecting price going down  

The question is that will it go up later? If it will go up later, then we will buy some now and sell when price is high.

[wildduck]

I thought this was one over-hyped coin. I never touched it.

I have mined it for a months and half because of the profit

[RKing]

I thought this was one over-hyped coin. I never touched it.

I have mined it for a months and half because of the profit

It is not profitable now. The price of Eth is too low at present. It is impossible to pay  electricity cost from the mining revenue.

[tokeweed]

With new crypto - it is always in that manner. You can always expecting price going down 

The question is that will it go up later?

Maybe, maybe not.

[skywave]

When the developers are never posting on their official forum, yeah then people get frightened and sell.
The developers need to be present!

Look at other projects like eg. MAID - the developers are all over their forum informing and helping out, and that shows the crowd that they are serious and dedicated!

[tokeweed]

When the developers are never posting on their official forum, yeah then people get frightened and sell.
The developers need to be present!

Look at other projects like eg. MAID - the developers are all over their forum informing and helping out, and that shows the crowd that they are serious and dedicated!

Then maybe the people are right.  Maybe this is an outright pump and dump after all.