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Author Topic: Double-top on ETH, looks like she's done, put a fork in her...  (Read 3766 times)
TPTB_need_war
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February 12, 2016, 08:36:07 AM
 #1

https://www.coingecko.com/en/price_charts/ethereum/btc

Look out below. Going to be a lot of bag holders who can't sell as liquidity collapses in a mad stampede out the door.

The truth will now come out.

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TPTB_need_war
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February 12, 2016, 08:52:35 AM
 #2

Look out below. Going to be a lot of bag holders who can't sell as liquidity collapses in a mad stampede out the door.

Yeah OK...   I'm sure all those folks that bought their ETH for $0.30 are panicking heavily right about now...   Roll Eyes

My point is a long-term HODLer may lose their investment, because Ethereum is fundamentally flawed.

They might want to capture the $14 price whilst they can, if they can.

Disclaimer: I am not giving investment advice. Each person should make their own decisions.

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February 12, 2016, 08:57:03 AM
 #3

My point is a long-term HODLer may lose their investment, because Ethereum is fundamentally flawed.

I see...   that's a whole different story...   my post was in regard to the potential aftermath of the current double-top.   Smiley

The point is if this crashes back to 30 cents, then it may not be rising again EVER.

I see you are determined to troll this thread with noise and spin.

If I hear from regular investors here who have successfully sold large volumes of ETH, then I can perhaps have some belief that this isn't just the insiders selling to themselves to create fake volume and a fake price, as the dumb investors buy from the insiders at higher and higher prices.

You know damn well that if you can continue to convince people to not sell, then the alleged insider scam can continue unabated. But eventually people need to sell, and that is when the insiders will stop offering bids because they don't want to buy (unless it is from themselves) rather they want to cash out at the highest possible prices sold to the greatest number of bag holders.

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February 12, 2016, 09:00:11 AM
 #4

These posts are the reason I'm getting sick of the BTC community.
Like BTC is flawless.
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February 12, 2016, 09:30:24 AM
 #5

Unfortunately the free-fall seemed to stop. Looks like a lot of buy orders saved it from falling further. Let's see though if there'll be more price drops.

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February 12, 2016, 09:49:09 AM
 #6

Unfortunately the free-fall seemed to stop. Looks like a lot of buy orders saved it from falling further. Let's see though if there'll be more price drops.

How can anyone prove it is not insiders buying from themselves again? Not enough bag holders sustained selling to force the insiders to give up. So they'll pump up the price further and get more bag holders to buy from them at higher prices. They'll only quit when there are more sustained sellers than buyers.

I also wonder why none of the coders working on eth have come to this board to discuss with you the issues that you have mentioned regarding their design?

Maybe because it would mess up their alleged scam model  Huh

The thing that I would have like to have known in simple terms is - is it a problem they can disguise from most for long enough to drive the price up near BTC levels before it is discovered or is it an issue that will become very clear to everyone long before that is possible?

I think perhaps the question should be for how long can promoters prevent a small % of the coming bag holders from running to the door.
 
I mean the issue you mentioned with BTC

You mean when I posted near the top price for BTC in 2013 that the block chain scaling Tragedy of the Commons would be the defining issue for Bitcoin.

I don't know how much higher the ETH price can go. Because I don't know how many and what genre of speculators hold it and whether they want to sell for short-term profits or hold long-term.

I don't know to what degree that hiding the truth about Ethereum's technology has impacted that equation.

Not all coders are capable of probably creating something perfect first time so it can be experimental for them to solve issues as they arise.

Yet promoters claim lead developer Vitalik and endorser Nick "Satoshi" Szabo are crypto gods.

I understand with etherium being touted as a work of genius and everyone saying it is a perfect bitcoin killer it would be nice it that was true (not for me because i still have more btc than eth in a big way) and not just non techs getting kind of played along even if the devs know there is a major issue.

Yup the promoters inducing you buy ETH in fear of missing a train. Myself and r0ach are apparently saying that train has no tracks.

Note it is possible that somehow Ethereum can keep the technological truths obscured in technobabble. Unfortunately apparently smooth and the Monero folks didn't understand all scaling issues exhaustively, so they are unable to do their usual dissection of altcoins in the case of Ethereum.

So yes, i can only imagine there is some problem with etherium if nobody is able to refute this clearly even though they have had plenty of time. But how big is this issue to end users and those that don't understand this tech 100%. Also if this problem will become apparent to all users and grossly effect their usage of etherium what is the time frame. Is it like BTC will take a few years or will it be much more quickly?

On the other hand it would be good if VB or another top dev on etherium could come here and discuss this issue an d see if you guys can talk it through and see what if anything could be done or not done. If nothing can be done with changes to the current design then the price is going in the wrong direction possibly.

I don't know for sure. But the level of hype suggests to me that Humpty Dumpty will take a great fall soon enough.

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February 12, 2016, 10:42:03 AM
 #7

Down we go after a brief defence by insiders at a lower double-top again. Now ETH makes lower lows again.

The truth is coming out now.

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February 13, 2016, 05:15:26 AM
 #8

Double top?  Wtf...  Where?  It's been breaking out and going supernova.

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February 13, 2016, 05:22:08 AM
 #9

Double top?  Wtf...  Where?  It's been breaking out and going supernova.

Yesterday when the OP was written there was a double-top. It has since declined and is trying to find support at a lower level.

It seems many speculators are still not understanding that Ethereum can't ever work. Ever. And thus it is going back to $0. But until the speculators realize they are handing Vitalik more $millions to waste by keeping the price high so he can sell more ETH, then the con game can continue.

Also it seems many speculators such as yourself don't give a rat's ass about the future of Ethereum and alt-coins, and instead you only care if the pump can be sustained and you can mine your fellow speculator taking some of his money from him, while Vitalik takes some money from you all and proceeds to waste it anew.

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February 13, 2016, 05:27:09 AM
 #10

These posts are the reason I'm getting sick of the BTC community.
Like BTC is flawless.
Wat, you don't love all this trolling and drama?

I will admit, I'm underwater a little bit on some ETH but not much.  Not going to panic sell, but I don't have high hopes.  Then again, what's a little 21% drop in the world of cryptoheadaches?  I'm fucking holding until it BUYS or it FUCKING DIES.


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TPTB_need_war
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February 13, 2016, 05:35:22 AM
 #11

These posts are the reason I'm getting sick of the BTC community.
Like BTC is flawless.
Wat, you don't love all this trolling and drama?

I will admit, I'm underwater a little bit on some ETH but not much.  Not going to panic sell, but I don't have high hopes.  Then again, what's a little 21% drop in the world of cryptoheadaches?  I'm fucking holding until it BUYS or it FUCKING DIES.

Exactly what is turning the alt-coin arena into a cesspool:

It seems many speculators are still not understanding that Ethereum can't ever work. Ever. And thus it is going back to $0. But until the speculators realize they are handing Vitalik more $millions to waste by keeping the price high so he can sell more ETH, then the con game can continue.

Also it seems many speculators such as yourself don't give a rat's ass about the future of Ethereum and alt-coins, and instead you only care if the pump can be sustained and you can mine your fellow speculator taking some of his money from him, while Vitalik takes some money from you all and proceeds to waste it anew.

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February 13, 2016, 05:40:21 AM
 #12

Well yeah, that's the nature of all speculation more or less.  No need to get emotional about it, it's part of human nature to be greedy and to rip off the sucker upon whom you have both ass cheeks folded.  It's part of us whether we want to admit it or not.  Don't know if you're wrong or right, because you (TPTB) know far, far more than me about the fundamentals of cryptocurrency.  I'm just a little sucker in a pool of suckers of varying sizes.


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TPTB_need_war
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February 13, 2016, 05:47:26 AM
 #13

Hahaha The Pharmacist.  Cheesy You made my day with that.  Cool

A dog will fuck anything, even a tree stump.

P.S. I of course make mistakes too, but they are often of the more convulted technological/marketing interactions that I missed.

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February 13, 2016, 05:48:59 AM
 #14

This is still very high for a lot of people.  Alt coins are so fun!

I love Bitcoin
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February 13, 2016, 05:54:46 AM
 #15

ETH probably the most popular alt coin now, there are so many discussion about it.
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February 13, 2016, 05:59:59 AM
 #16

This is still very high for a lot of people.  Alt coins are so fun!

I hope you realize that for an alt-coin that is serious and not just hype to take money from you, then it is not "fun" but instead a hell of a lot of pendantic, arduous, painstaking work (which is sort of fun for a young developer due to the challenge of it but I guarantee you it gets exhausting and not always fun if one sticks it through to the nitty gritty end).

So if you award $millions to the those who sell hype and nothing to those who work very hard, then you will get only a cesspool of hype/fraud.

I came to conclusion that the only way to rise above all of this, would be to make a project that was so clearly superior in terms of real user adoption, that there would not require any hype nor discussion whatsoever.

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February 13, 2016, 07:42:24 AM
 #17

Double top?  Wtf...  Where?  It's been breaking out and going supernova.

Yesterday when the OP was written there was a double-top. It has since declined and is trying to find support at a lower level.

It seems many speculators are still not understanding that Ethereum can't ever work. Ever. And thus it is going back to $0. But until the speculators realize they are handing Vitalik more $millions to waste by keeping the price high so he can sell more ETH, then the con game can continue.

Also it seems many speculators such as yourself don't give a rat's ass about the future of Ethereum and alt-coins, and instead you only care if the pump can be sustained and you can mine your fellow speculator taking some of his money from him, while Vitalik takes some money from you all and proceeds to waste it anew.

Aren't you the guy who keeps whining that Ethereum plus other alts are scams in the first place?

I like trading first and foremost...  Whether the coin is a scam or not, I don't care. 

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February 13, 2016, 07:48:15 AM
 #18

Whether the coin is a scam or not, I don't care. 

Yup that is my point. You don't care.

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February 13, 2016, 07:50:15 AM
 #19

Whether the coin is a scam or not, I don't care. 

Yup that is my point. You don't care.

And you say most of these altcoins are scams anyway...  So what is it to you if I don't care...

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apriyoni
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February 13, 2016, 08:44:48 AM
 #20

Whether the coin is a scam or not, I don't care. 

Yup that is my point. You don't care.

And you say most of these altcoins are scams anyway...  So what is it to you if I don't care...

Most of the altcoin are scams, maybe 99.9% of them. But Ethereum is not a scam, it has strong development team.
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