ETH being dumped now!

[WoJJ78]

I'm still holding on to a few hundred for the long run, I'm not scared   Already cashed out a few k's at the 10$ mark so I'm alright. I think the price will go back to around ~5$.

[CryptoYeti]

Seems like a risky time to buy, since it could crash much lower. But then again thats what I thought when it reached $6 and then drop a few percents. So who knows.

I am bullish on Eth long-term, but yes, if this does dump some more expect it to correct to about 50% of its high, which would mean buying back in at 0.015-0.016 range.

At a minimum I would think it may drop below 0.20 which would be a good time to buy back in. This would mirror the similar "correction" that occurred in February when it went from 0.017 down to 0.008 before recovering.

It seems these cycles take a few weeks to play out completely, so it may take a few more days to a week to find the real bottom.

[sinner]

Don't worry there's more good news coming out next week.

you referring to homestead or other?

Ethereum is the new Bitcoin.

No--Ethereum is a generalized version of NXT.  They have great marketing tho.

[thms]

At this moment, there's an epic BUY wall on Poloniex just waiting to eat the sell side alive. 

[Minecache]

Don't worry there's more good news coming out next week.

you referring to homestead or other?

Ethereum is the new Bitcoin.

No--Ethereum is a generalized version of NXT.  They have great marketing tho.

Other, watch the press this week.

Oh yes and Homestead release.

[Minecache]

At this moment, there's an epic BUY wall on Poloniex just waiting to eat the sell side alive. 

Yup I've been watching this wall of money build up over the evening. The weak hands have been shaken out the tree.

[Qinetik]

The price of Etherum is droping slowly at the moment. Does it mean the dump has started? It is quite late, after 15 fold increase.

[Za1n]

At this moment, there's an epic BUY wall on Poloniex just waiting to eat the sell side alive.  

Yup I've been watching this wall of money build up over the evening. The weak hands have been shaken out the tree.

Yes, I think people new to trading do not realize that price does not always go straight up. One thing to keep in mind is that if someone (a whale) wanted to accumulate a lot of coins, you can't just go and buy them up at once and be done with it. As we seen 2 days ago, the sell orders were getting thin and the price kept rising, not a good thing if you want to buy loads of Eth cheaply. Best thing is to let the price settle back down, and hope that people become spooked and start putting up asks at lower and lower prices, which is what is happening now. The amount of Eth for sale on the order-books has increased and the ask prices have fallen.

If this was a true dump or someone cashing out as many imply, you would know it. Just look at other coins history's, or even BTC and the end of the 1200 pump, and when you see a vertical plunge down to 50% or more in value in one go you will know it is for real and someone or someones are cashing out.

[Minecache]

At this moment, there's an epic BUY wall on Poloniex just waiting to eat the sell side alive.  

Yup I've been watching this wall of money build up over the evening. The weak hands have been shaken out the tree.

Yes, I think people new to trading do not realize that price does not always go straight up. One thing to keep in mind is that if someone (a whale) wanted to accumulate a lot of coins, you can't just go and buy them up at once and be done with it. As we seen 2 days ago, the sell orders were getting thin and the price kept rising, not a good thing if you want to buy loads of Eth cheaply. Best thing is to let the price settle back down, and hope that people become spooked and start putting up asks at lower and lower prices, which is what is happening now. The amount of Eth for sale on the order-books has increased and the ask prices have fallen.

If this was a true dump or someone cashing out as many imply, you would know it. Just look at other coins history's, or even BTC and the end of the 1200 pump, and when you see a vertical plunge down to 50% or more in value in one go you will know it is for real and someone or someones are cashing out.

Indeed. What we are really seeing is just a market functioning as correctly with both up and downward movements. The news and tech behind Ethereum is too strong for this not to be the beginning of some amazing dapps.

[Jordan23]

This can't be. There was a rabid Ether fanboy named KeepDoing who said this was the next coming of Bitcoin and to never buy Bitcoin again. His post was great. Archived for future laughs.

Love you girls!

[Hazard]

It's already well known that the ethereum team mismanaged funds and had to dump a lot of ether back when it was around $1 in order to keep their operations going. Maybe they're cashing out more as we speak?  

[bitwho]

wasn't there a post on /r/etherum or one of their related subreddits about how over 1 million ether moved into what users believed was poloniex wallet? it was posted about a week ago or so. hmm....

edit: 9 days ago
https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/ 

[Hannu]

OP, still up ~75% since a week ago, ~1000% (one thousand percent ) over two months.
You just can't stand to see the other fellow win.

No, he is bringing up a legitimate point.

If it's being dumped, it'll be down even more. And by the looks of it, the price will keep going down.

I think he can stand to see the other fellow win, but he enjoys pointing out when they are losing.

Also, being up 1000% doesn't mean much if it merely shifted from $0.5 to $10.

ETH is down 10.86% since yesterday. Seem to remember BTC doing that, like it was yesterday. Owait, it WAS yesterday
OTOH, those who held ETH for 2 months are 10x wealthier, while those hodling BTC got fu... disregard, I won't bring that up.
Let us never speak of it again.

...
1000% is 1000% but it's a lot easier to achieve when it's .50 to 10 than a Bitcoin 10x from 400 to $4000

And the difference to someone who bought, say, $1k worth of ETH is?

Congrats, they now have $10k. I would like some evidence of someone who spent $1k on ETH, however.

And I'm certain that people who have spent $1k on Bitcoin became 100x wealthier, it's been documented.

If both currencies go down, it means nothing. What matters now is where the price goes from here. And ETH is down 12.5% now.

I laugh at your inept FUDing and excuses.
Of course there are people who invested $1k US in ETH, do you think a market cap of $823 million is moved with lunch money?
And keep reminiscing about Bitcoin's glory days, when it got pumped to $1,200 on Magic: The Gathering. Those days are gone; devs slapfighting, in public; network's saturated & can't scale.
SFYL

I find it interesting how you're becoming defensive about me stating my own observations. Apparently things you can see with your eyes are now considered FUD.

A market cap of $838m can be reached through people putting in more money as the value gets higher, which would invalidate the 10x wealthier argument (As people invest later and make <10x their money), or miners (or the ETH equivalent) are holding their ETH and waiting. A market cap is the value of all the available items combined, it does not mean much or any money has actually moved. If paper was going for $4/sheet, and 4 sheets were available, but no-one was selling them, the market cap would still be $16. If paper was being moved and was still $4/sheet, it would still be $16. I know you understand this.

As long as people drive up the price, even with only small amounts being invested, the market cap can jump in leaps and bounds.

And yes, Bitcoin used to be $1,200 and it isn't anymore, but those days are passed and now we have to deal with it.


This entire series of posts was derived from you saying that someone can't stand to see the other guy win, so just keep that in mind.

Thats my point. Massive sell/buy reaction is real deal on markets. 

[Tacalt]

It's already well known that the ethereum team mismanaged funds and had to dump a lot of ether back when it was around $1 in order to keep their operations going. Maybe they're cashing out more as we speak?  

I think they did dump a lot of Ethereum and Bitcoin in the last few months. But they can the remaining funds can support them for 4 more years.

[From Above]

The dump may cometh, and so will the rise. Let it unleash.

~CfA~

[Tacalt]

The dump may cometh, and so will the rise. Let it unleash.

~CfA~

The dump comes and goes. The price is $13.2 now. The market cap is also more than $1 billion. Where does not price rise stop?

[Za1n]

At this moment, there's an epic BUY wall on Poloniex just waiting to eat the sell side alive.  

Yup I've been watching this wall of money build up over the evening. The weak hands have been shaken out the tree.

Yes, I think people new to trading do not realize that price does not always go straight up. One thing to keep in mind is that if someone (a whale) wanted to accumulate a lot of coins, you can't just go and buy them up at once and be done with it. As we seen 2 days ago, the sell orders were getting thin and the price kept rising, not a good thing if you want to buy loads of Eth cheaply. Best thing is to let the price settle back down, and hope that people become spooked and start putting up asks at lower and lower prices, which is what is happening now. The amount of Eth for sale on the order-books has increased and the ask prices have fallen.

If this was a true dump or someone cashing out as many imply, you would know it. Just look at other coins history's, or even BTC and the end of the 1200 pump, and when you see a vertical plunge down to 50% or more in value in one go you will know it is for real and someone or someones are cashing out.

Posted the above a few days ago, shortly thereafter the price was around 0.021 or so. If you bought it around then, or even along the way down as it was falling, you would be in big profit again. It is plain to see what is happening and this pattern has been repeating for some time already.

I have no doubt that at some point we will see a real correction, but even at that time, myself and I am sure many others have locked in plenty of profits that we will still be way ahead. This boys and girls is what trading is about, learn the patterns, zoom your charts out and begin to enjoy this incredible opportunity you are being given.

[Minecache]

The dump may cometh, and so will the rise. Let it unleash.

~CfA~

The dump comes and goes. The price is $13.2 now. The market cap is also more than $1 billion. Where does not price rise stop?

Wow when did ETH pass the billion mark?

[Rumant]

The dump may cometh, and so will the rise. Let it unleash.

~CfA~

The dump comes and goes. The price is $13.2 now. The market cap is also more than $1 billion. Where does not price rise stop?

Wow when did ETH pass the billion mark?

The Ethereum passed the $1 billion mark a few weeks ago. The price came down a bit, but it is still stable.

[Tacalt]

The dump may cometh, and so will the rise. Let it unleash.

~CfA~

The dump comes and goes. The price is $13.2 now. The market cap is also more than $1 billion. Where does not price rise stop?

Wow when did ETH pass the billion mark?

The Ethereum passed the $1 billion mark a few weeks ago. The price came down a bit, but it is still stable.

The price of Ethereum is going lower, also with big volume. Maybe the dump has just started.