Ethereum pump and dump?

[socks435]

Ethereum to day still increasing in yobit but its hard to decide if i will buy ethereum right now or not.
I will wait for the price dump that i can afford to buy..

[hv_]

1.2 Million ETH Genesis coins have moved to Poloniex...dump soon

https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/

There's no need to panic. 1.2M ETH is like 1.5% of the available supply. It's less than a day's wpporth of ETH trading.

Besides, how can we know this is not just Poloniex themselves moving around their reserves?

The owner of the 1.2M ETH is not that stupid enough to dump everything in one shot and destroy the market. All he have to do is to sell by batches and he can also manipulate the market to buy cheaper if he wants. The whale won't dump when Homestead is not released yet.

He must have some insider knowledge, a good reason. Such an action is not unplanned.
He could do many things from hard dump to smart order routing / ice bergs or just simple market making to reduce volatility and spreads....

[thms]

1.2 Million ETH Genesis coins have moved to Poloniex...dump soon

https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/

There's no need to panic. 1.2M ETH is like 1.5% of the available supply. It's less than a day's worth of ETH trading.

Besides, how can we know this is not just Poloniex themselves moving around their reserves?

The owner of the 1.2M ETH is not that stupid enough to dump everything in one shot and destroy the market. All he have to do is to sell by batches and he can also manipulate the market to buy cheaper if he wants. The whale won't dump when Homestead is not released yet.

Ok but do you really think that dumping <1.5% of available supply can destroy the market? It's the same as saying that the Winklevoss twins can destroy bitcoin because they hold 1.x% of the available bitcoin.

[thms]

He must have some insider knowledge, a good reason. Such an action is not unplanned.
He could do many things from hard dump to smart order routing / ice bergs or just simple market making to reduce volatility and spreads....

Or it could just be Poloniex rearranging their own wallets.

[ekfke]

That moment when you bought ETH at $0.5 and now its $6.5

Stay mad haters

[FaucetRank.com]

That moment when you bought ETH at $0.5 and now its $6.5

Stay mad haters

Now its a different thing if anybody buy  at 6.5 may lose up to 0.5 so those who got lot of money keep buying if you wish to lose .

[Narosya]

That moment when you bought ETH at $0.5 and now its $6.5

Stay mad haters

Now its a different thing if anybody buy  at 6.5 may lose up to 0.5 so those who got lot of money keep buying if you wish to lose .

If the Ethereum has active development and keep on releasing good software, the price will rise in the future.

[x13]

As an Ethereum stake holder this proceeding is very scary. Is there another possibility why someone is transferring so many coins to an exchange except to sell all these coins? 

1.2 Million ETH Genesis coins have moved to Poloniex...dump soon

https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/

[Auponef]

As an Ethereum stake holder this proceeding is very scary. Is there another possibility why someone is transferring so many coins to an exchange except to sell all these coins? 

1.2 Million ETH Genesis coins have moved to Poloniex...dump soon

https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/

If the 1.2 million of coins are cleared without suppressing the price too much, it will give us confidence.

[stoat]

The news that 1.2 million coins had been trasferred to poloniex had very little effect on the price.  This shows the confidence of the market.   If satoshis BTC were to start moving bitcoiners would shit the bed.

It just shows how much confidence there is in ETH.  And there should be, it's the best thing to come out of crypto.

[benthach]

The news that 1.2 million coins had been trasferred to poloniex had very little effect on the price.  This shows the confidence of the market.   If satoshis BTC were to start moving bitcoiners would shit the bed.

It just shows how much confidence there is in ETH.  And there should be, it's the best thing to come out of crypto.

Hi, stoat!  

How high do you believe this baby will go?  I'm not looking for an actual time-frame...   something like we will definitely see ETH trading @... at some point in the future.

give it sometime as people still confused with all the craps they think they're going to get, at the end this useless crap will be back to around $0.10 or $0.01cent

[stoat]

The news that 1.2 million coins had been trasferred to poloniex had very little effect on the price.  This shows the confidence of the market.   If satoshis BTC were to start moving bitcoiners would shit the bed.

It just shows how much confidence there is in ETH.  And there should be, it's the best thing to come out of crypto.

Hi, stoat!  

How high do you believe this baby will go?  I'm not looking for an actual time-frame...   something like we will definitely see ETH trading @... at some point in the future.


Edit:  Think more long-term if you feel like replying.

Probably over ten dollars sooner rather than later.

[Sark]

As an Ethereum stake holder this proceeding is very scary. Is there another possibility why someone is transferring so many coins to an exchange except to sell all these coins? 

1. Polo making an arrangement to buy these coins for increased liquidity?
2. Polo facilitating a pre-arranged trade with another party?

I dunno, those don't seem likely, but the whole situation seems strange as well. If you were someone that wanted to sell 1.2m Eth, why would you transfer all of that to an exchange at once knowing that it would be highly visible transactions. You would be better off dribbling it in and cashing out a little at a time.

[Za1n]

As an Ethereum stake holder this proceeding is very scary. Is there another possibility why someone is transferring so many coins to an exchange except to sell all these coins? 

1. Polo making an arrangement to buy these coins for increased liquidity?
2. Polo facilitating a pre-arranged trade with another party?

I dunno, those don't seem likely, but the whole situation seems strange as well. If you were someone that wanted to sell 1.2m Eth, why would you transfer all of that to an exchange at once knowing that it would be highly visible transactions. You would be better off dribbling it in and cashing out a little at a time.

The price is rising fast. Does not mean the 1.2 million of Ethereum has found a buyer? New all time high?

The rise today is more likely the result of the homestead release date being posted, which happens with block 1,150,000 calculated to be mined mid-day on "Pi day" (March 14, 2016).

From blog post:

Today, we’re incredibly proud to announce that we are finally ready to remove the scratched out word “safe” from our website as move into a new phase: Homestead. The Homestead block will be 1.150.000 for the main network which means the Homestead transition will be roughly around midday on Pi day and the Homestead block for the Morden network will be 494.000.

[Sark]

The price is rising fast. Does not mean the 1.2 million of Ethereum has found a buyer? New all time high?

I have no idea - none of this makes sense to me. That is why I am just a hodler though and stay away from trying to trade this madness 

[stoat]

Probably over ten dollars sooner rather than later.

WOW...   that's a much more conservative figure than I expected and/or that I personally have in mind...    I guess folks need to start calling me the shill then!!!   

I didn't say how soon.  $10 by the weekend.

[hananl1styo]

hi guest, look this https://bittrex.com/Market/Index?MarketName=BTC-ETH , now price 7,527$ or 0.01741321 bitcoin/ethereum.
price increased from 0.0147 to 0.01741321 BTC

[Minecache]

Microsoft Certifies Ethereum.

http://www.coindesk.com/microsoft-ethereum-startup-blockchain/

[Narosya]

Microsoft Certifies Ethereum.

http://www.coindesk.com/microsoft-ethereum-startup-blockchain/

that is excellent news. That might explain that the Ethereum price has risen quite a lot recently. More news to come?

[Minecache]

Microsoft Certifies Ethereum.

http://www.coindesk.com/microsoft-ethereum-startup-blockchain/

that is excellent news. That might explain that the Ethereum price has risen quite a lot recently. More news to come?

Yes there is pi day (Monday March 14) on the horizon which will see a major new release of Ethereum.