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Author Topic: Ethereum Pump & Dump Scam  (Read 32104 times)
stoat
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March 03, 2016, 01:51:19 AM
 #201

"A bit high"

Thats what everyone was saying a month ago, 2 months ago, but it kept going up.

"A bit high" is relative.  In another month this current price could seem ridiculously low


Satoshi Nakamoto (real name Nick Szabo) tweeted about ETH today:

https://mobile.twitter.com/NickSzabo4/status/705104459718758400

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craked5
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March 03, 2016, 06:59:54 AM
 #202

"A bit high"

Thats what everyone was saying a month ago, 2 months ago, but it kept going up.

"A bit high" is relative.  In another month this current price could seem ridiculously low


Satoshi Nakamoto (real name Nick Szabo) tweeted about ETH today:


https://mobile.twitter.com/NickSzabo4/status/705104459718758400

Yeah sure, with Jeanne d'Arc too.

And the question is just that ETH is not a currency. But 99% of people buying ETH in mass don't understand it.
partysaurus
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March 03, 2016, 08:35:14 AM
 #203

A lot of people is going to lose a lot of money on this.the more I read about this the more I believe it's over hyped.but aloft of people don't read they just follow the price and panick. Hope they can get out in time.
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March 03, 2016, 10:07:55 AM
 #204

A lot of people is going to lose a lot of money on this.the more I read about this the more I believe it's over hyped.but aloft of people don't read they just follow the price and panick. Hope they can get out in time.

In part you are right .But you consider it more as a high-yield investment than cryptocurrency .

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stoat
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March 03, 2016, 10:09:55 AM
 #205

"A bit high"

Thats what everyone was saying a month ago, 2 months ago, but it kept going up.

"A bit high" is relative.  In another month this current price could seem ridiculously low


Satoshi Nakamoto (real name Nick Szabo) tweeted about ETH today:


https://mobile.twitter.com/NickSzabo4/status/705104459718758400

Yeah sure, with Jeanne d'Arc too.

And the question is just that ETH is not a currency. But 99% of people buying ETH in mass don't understand it.

Explain how I can't use ETH as a currency, I'm waiting.....

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mining1
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March 03, 2016, 10:16:37 AM
 #206

Ofc eth can also be used as a currency,but because their devs wanted to point OUT that it can be more than just a currency (bitcoin anyone?),they didnt focus their efforts in that direction.And thats good because,my opinion,theres just no room for another crypto"currency" that can be used as a real currency and be widely adopted/accepted as bitcoin currently is,not in the short-medium term atleast.
craked5
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March 03, 2016, 12:15:29 PM
 #207

"A bit high"

Thats what everyone was saying a month ago, 2 months ago, but it kept going up.

"A bit high" is relative.  In another month this current price could seem ridiculously low


Satoshi Nakamoto (real name Nick Szabo) tweeted about ETH today:


https://mobile.twitter.com/NickSzabo4/status/705104459718758400

Yeah sure, with Jeanne d'Arc too.

And the question is just that ETH is not a currency. But 99% of people buying ETH in mass don't understand it.

Explain how I can't use ETH as a currency, I'm waiting.....

Never said that. Re read me please.

I said ETH was not a currency. Not that it can't be used this way.
If tomorrow everyone agrees on the fact that coca botle caps worth 5$, they can use the caps as a curency. It doesn't mean it was the initial goal.
stoat
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March 03, 2016, 12:39:57 PM
 #208

"A bit high"

Thats what everyone was saying a month ago, 2 months ago, but it kept going up.

"A bit high" is relative.  In another month this current price could seem ridiculously low


Satoshi Nakamoto (real name Nick Szabo) tweeted about ETH today:


https://mobile.twitter.com/NickSzabo4/status/705104459718758400

Yeah sure, with Jeanne d'Arc too.

And the question is just that ETH is not a currency. But 99% of people buying ETH in mass don't understand it.

Explain how I can't use ETH as a currency, I'm waiting.....

Never said that. Re read me please.

I said ETH was not a currency. Not that it can't be used this way.
If tomorrow everyone agrees on the fact that coca botle caps worth 5$, they can use the caps as a curency. It doesn't mean it was the initial goal.

I will shortly begin to accept ETH in the business that I run.  So I will be living proof.

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mining1
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March 03, 2016, 01:37:46 PM
 #209

Stream it on twitch,stoat ! Grin
BitsandBites
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March 03, 2016, 02:00:48 PM
 #210

The pump is going on. But is it a scam? I don't think so.
The coin is good and you can see people like how it is developing now.
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March 03, 2016, 02:21:26 PM
 #211

The pump is going on. But is it a scam? I don't think so.
The coin is good and you can see people like how it is developing now.

Why You all say they are really pumping this coin??
Can you give me any proof of this?
Because I think this actually has real potential.
I checked some video's about Ethereum the other day and I understand it better now.
And I don't think it is a simple pump and dump, ethereum is here to stay!
And I think it will surprise people with there scepticism!
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March 03, 2016, 02:31:10 PM
 #212

Ethereum is just as much of a pump & dump scam as Bitcoin is.
If you think there isn't any reason for Ethereum to be this 'high' (we haven't seen anything yet) please give me one good reason why 1 Bitcoin is worth 425 dollar atm.

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March 03, 2016, 02:59:09 PM
 #213

Ethereum is just as much of a pump & dump scam as Bitcoin is.
If you think there isn't any reason for Ethereum to be this 'high' (we haven't seen anything yet) please give me one good reason why 1 Bitcoin is worth 425 dollar atm.


Because it is a way better financial system then the current we have in fiat.
And you can send big amount's of money to anyone in the world quickly.

Also there are only 21 million Bitcoins so that is not a lot.
Because if more and more people are going in Bitcoin the price will go up.
And I really the price should be so high, A virtual currency is the future.

The world only has to determine which one.
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March 03, 2016, 04:39:38 PM
 #214

Ethereum is just as much of a pump & dump scam as Bitcoin is.
If you think there isn't any reason for Ethereum to be this 'high' (we haven't seen anything yet) please give me one good reason why 1 Bitcoin is worth 425 dollar atm.


Bitcoin is worth $425 because other people want to pay $425 to buy it. It is very useful in certain transactions.
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March 04, 2016, 12:27:31 AM
 #215

Here we go guys!

Buy high and sell low
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March 04, 2016, 03:08:45 AM
 #216

That was unexpected. I think LTC its done after this

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March 04, 2016, 10:39:42 PM
 #217

The price rose just now. I thought it would be around 0.02 to consolidate for a few weeks. But it is 0.025 now.
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March 05, 2016, 07:52:29 PM
 #218

The price rose just now. I thought it would be around 0.02 to consolidate for a few weeks. But it is 0.025 now.

The price is 0.031 now. It is rising too fast. It seems there is no consolidation is required for the Ethereum coin.
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March 05, 2016, 08:09:49 PM
 #219

The price rose just now. I thought it would be around 0.02 to consolidate for a few weeks. But it is 0.025 now.

The price is 0.031 now. It is rising too fast. It seems there is no consolidation is required for the Ethereum coin.

I am long-term bullish on Eth, but agree the rise is too fast. We are going to see another 50% drop here sooner or later, just keep that in mind. Meaning if you already sold to take profit, or are considering to sell, don't be tempted to buy back in right away. Also for those just joining, it would be best to wait until after the correction.

Looking at the last big correction (Jan 11-17) we saw a 50% drop in the days following the dump, so I would expect the same to hold true this time. This would mean with Eth currently trading at 30-32 range we are potentially looking at a drop down into 0.015 - 16 or so. A good re-entry point would probably be anything under 0.020 as I believe it will reclaim 0.030's again a week or so after bottoming. Of course this outlook will need to adjust depending on high high the current trend rises before topping out, but it is what I am basically planning my strategy around.
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March 05, 2016, 09:06:23 PM
 #220

The rising is too fast and there will likely be a dump... but probably will hold a good measure of its value. It's simply to much money going in to dissapear out of the blue.

Regret selling my little 0.3 eth earned from faucets at about half of this price...

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