Ethereum pump and dump?

[Nxtblg]

The Ethereum is in the correction phase at the moment. The price is below $10 now. I hope it is not dumped.

I wont be surprised if it goes down to 0.0018 BTC or less.

That could happen. The price always overshoots. If the Ethereum is developed properly, the price will recover.

The price is almost 0.018 now. It could go down further. I might average down in the next few weeks.

I'm using threads like this one to roughly gauge the amount of bearishness about Ethereum. As the old saying has it, a market climbs a wall of worry. That's only a saying, but it's a useful one for long-term thinkers.

From my vague gauging, there's a lot of worry right now and little blitheness. If you take this as a kind of tip, please bear in mind that I'm a long-termer by inclination. I have my eye on two years from now rather than two weeks from now.

[The Sceptical Chymist]

Lucky bastards who bought in early, like before this thread was created.   It looks like the price has settled down quite a bit and money is flowing into other shitcoins.  Maybe a buying opportunity?

[iv4n]

Was it just a pump and dump?

Yes it was.

For now it looks like that, with all this chaos in comments and trolling around. Now it looks like very organized game, some people earned good money on eth that is a fact.
How times passes I don't think we will see rise of eth again, but maybe im wrong. We will see im not an expert I just see how its going down.

[bitcoinbox]

What is the main reason for this dump since a few days now?
Do you guys believe Lisk or Waves have something to see with this?

[shintosai]

What is the main reason for this dump since a few days now?
Do you guys believe Lisk or Waves have something to see with this?

there's so much speculation but the fact that we are seeing it dumping right now
it might be the whale who's playing with us right now, taking risk of buying for those who's
still believing will be an opportunity but the big risk it has.

[dodgrad]

What is the main reason for this dump since a few days now?
Do you guys believe Lisk or Waves have something to see with this?

Lisk or Waves are too small. They will not affect the price of Ethereum. People are just taking profit.

[Didcotam]

What is the main reason for this dump since a few days now?
Do you guys believe Lisk or Waves have something to see with this?

Lisk or Waves are too small. They will not affect the price of Ethereum. People are just taking profit.

But the Lisk or Wave could grow out of their small size. It depends on the development of the coins themselves.

[Fastmartin]

The Ethereum has risen from $7 to around $10 in the last few days. It seems it is affected by the Slock DAO.

[Auponef]

The Ethereum has risen from $7 to around $10 in the last few days. It seems it is affected by the Slock DAO.

The Slock DAO could be the first of many DAO. So the demand for the Etheruem can be sustainable. So is the price.

[jjacob]

The Ethereum has risen from $7 to around $10 in the last few days. It seems it is affected by the Slock DAO.

It is tough to pinpoint reasons for the increase, even in hindsight.
There can never be any one reason to convince me about the rise from $1 to $10. 

[newbtcminer]

I think it's still too early to say whether it'll head down or up from here. In any case, I'll always have a few coins on the side just in case it really takes off. Couldn't the upcoming switch to Proof of Stake decrease production, depending on its percent per annum?

[x13]

Well, I think a lot of investors are waiting until the interest rate has been determined. If it is not that high then I think that the price will be pushed because Ethereum could then be seen as a real value holder. If inflation is high then we will see a pump again for sure.

I think it's still too early to say whether it'll head down or up from here. In any case, I'll always have a few coins on the side just in case it really takes off. Couldn't the upcoming switch to Proof of Stake decrease production, depending on its percent per annum?

The actual interest rate has not been determined yet. But if it is lower than 1%, it will be good for the price.

[Fastmartin]

Well, I think a lot of investors are waiting until the interest rate has been determined. If it is not that high then I think that the price will be pushed because Ethereum could then be seen as a real value holder. If inflation is high then we will see a pump again for sure.

I think it's still too early to say whether it'll head down or up from here. In any case, I'll always have a few coins on the side just in case it really takes off. Couldn't the upcoming switch to Proof of Stake decrease production, depending on its percent per annum?

The actual interest rate has not been determined yet. But if it is lower than 1%, it will be good for the price.

That is right. If the interest rate is lower than 1%, the value of the Ethereum will rise due to low inflation.

[Auponef]

Well, I think a lot of investors are waiting until the interest rate has been determined. If it is not that high then I think that the price will be pushed because Ethereum could then be seen as a real value holder. If inflation is high then we will see a pump again for sure.

I think it's still too early to say whether it'll head down or up from here. In any case, I'll always have a few coins on the side just in case it really takes off. Couldn't the upcoming switch to Proof of Stake decrease production, depending on its percent per annum?

The actual interest rate has not been determined yet. But if it is lower than 1%, it will be good for the price.

That is right. If the interest rate is lower than 1%, the value of the Ethereum will rise due to low inflation.

However, if the Ethereum keeps its PoW mining, the price will go higher than the PoS methods.

[mv__]

Best choice I've ever made was to dump eth @0.031 

[Nxtblg]

Best choice I've ever made was to dump eth @0.031 

Actually, I'm glad I dumped mine at $13.xx even though I regretted doing so for several days...

[madwica]

Best choice I've ever made was to dump eth @0.031 

5 months ago, I said to myself the same thing when I dumped my Ethereum at a price of 0.0031.

[alesx.onfire]

Miners are looking a income in Fiat, to pay bills.
More than 50% is insta-dumped in the market, at any price.

[BitcoinGirl.Club]

Miners are looking a income in Fiat, to pay bills.
More than 50% is insta-dumped in the market, at any price.

That is true. With the high difficulty at present, the revenue is about twice of the electricity. So miners have to sell at least 50%.

[Didcotam]

The difficulty doubles every two months recently, if the trend continues for 4 months, it is not profitable to mine.