ETH Soon Back To Sub 1 Dollar

[Minecache]

The Ethereum Classic or ETC price is sub 1 dollar at the moment. If it is 51% attacked, its price will be lower than 0.1.

I predict an attack on ETC by the weekend.

[Docnaster]

The Ethereum Classic or ETC price is sub 1 dollar at the moment. If it is 51% attacked, its price will be lower than 0.1.

I predict an attack on ETC by the weekend.

If the ETC price keep on rising, the hash rate will also rise. So it is more difficult to 51% attack the ETC.

[asdalani]

The Ethereum Classic or ETC price is sub 1 dollar at the moment. If it is 51% attacked, its price will be lower than 0.1.

I predict an attack on ETC by the weekend.

If the ETC price keep on rising, the hash rate will also rise. So it is more difficult to 51% attack the ETC.

The ETC hashing rate is about 19% of that of the ETH. It is quite difficult to attack it at the hashing rate.

[Docnaster]

The Ethereum Classic or ETC price is sub 1 dollar at the moment. If it is 51% attacked, its price will be lower than 0.1.

I predict an attack on ETC by the weekend.

If the ETC price keep on rising, the hash rate will also rise. So it is more difficult to 51% attack the ETC.

The ETC hashing rate is about 19% of that of the ETH. It is quite difficult to attack it at the hashing rate.

It is about 10% of the ETH now. The hash rate is also 10% of the ETH. When the price drops further, the hash rate will also drop.

[GreenBits]

The Ethereum Classic or ETC price is sub 1 dollar at the moment. If it is 51% attacked, its price will be lower than 0.1.

I predict an attack on ETC by the weekend.

I think they missed the bus on this. By that time, total hashrqte may have grown to a point where a majority attack isn't feasible. Also, the sentiment towards ETH would only hurt the price. We aren't even going to talk about the second fork madness.

[Minecache]

Expect a major 51% attack on ETC this weekend. I'm calling it folks. Better to get out of ETC while the exits are still clear.

[PacePay]

I think now it will not go back to $1 , as the price of it is now better and going to a higher value after hard fork, Now it is not a possibility that it will reach to 1$ but we can start trade with it , but for shorter time not for longer.

[Goms]

Every altcoin has same story
At launch : what a coin, the price goes up and up and up
Few months later : whales 🐳 need to get out so sell wall appears
The price comes down and we start with a new altcoin.
Remembered ripple it has the same story.

I don't think ripple lasted as long as ETH in the market before going down...

[shyliar]

Expect a major 51% attack on ETC this weekend. I'm calling it folks. Better to get out of ETC while the exits are still clear.

If true an attempt to destroy peoples wealth is as low as it gets. The original DAO thief and members of the ETH community who might support this idea have a lot in common.

[Docnaster]

Expect a major 51% attack on ETC this weekend. I'm calling it folks. Better to get out of ETC while the exits are still clear.

If true an attempt to destroy peoples wealth is as low as it gets. The original DAO thief and members of the ETH community who might support this idea have a lot in common.

I do not think the major attack will happen before the Ethereum Foundation sells it ETC and the ETC price crashes.

[Za1n]

I don't think there will be a 51% attack on ETC (at least in the near term), and I think the announced attack last week was a clever ploy to bring in more hash-rate and attention (money) to the chain.

At the time of the announcement of the impending 51% attack, the ETC hash rate was already going down on its own and not many people were paying attention to the ETC (non-forked) chain at all. Once the 51% post hit Reddit, many people took notice who weren't even paying attention before. This brought additional hash-rate over as some people simply like to take sides on something and wanted to help prevent this attack, and at the same time many more people became familiar with the non-forked chain and its potential. The price/hash rate ratio was also very favorable where early/clever miners could jump on the ETC chain and make more money, thus drawing even more attention, resulting in higher prices, perpetuating the cycle.

Now the real question is why. My suspicion is this is a clever ploy to get enough interest in the ETC chain to spike the price high enough/long enough for those with big bags to dump at a sizeable profit. On this level it appears to be working. Now the question is will the price and interest remain high enough, long enough, for the ETC chain to take on a life of its own.

I suspect within the next week or two we will see a substantial correction on the ETC price bring it sub .001 again. Once this happens we will also see a substantial decrease in hash-rate (as only the most true believers will mine at a loss for any length of time) and at this point it would open up the avenue for a 51% attack. If ETC can survive the next month or two will determine its long-term fate of either going into the dustbin of history or become a viable standalone coin of its own.

[Traslavin]

The OP was at April 05, 2016, 07:05:41 AM. That is almost 4 months after. The ETH is still over $10.

[OrangeII]

Well, I guess if the price decreases eth it is a natural thing, but if it goes down very far, I think the best thing is to sell it. but now I only want to see statistics price, if in the near future eth actually back at the price of $ 1, I think it is bad news for people who have a lot of eth, but for now, we do not need to rush to sell all eth we have

[thejaytiesto]

Expect a major 51% attack on ETC this weekend. I'm calling it folks. Better to get out of ETC while the exits are still clear.

If true an attempt to destroy peoples wealth is as low as it gets. The original DAO thief and members of the ETH community who might support this idea have a lot in common.

I do not think the major attack will happen before the Ethereum Foundation sells it ETC and the ETC price crashes.

They are worse than the "hacker" by a long shot. All the "hacker" did was prove how smart contracts aren't ready yet but they didn't care and let all that money flow into the DAO. Then they pussy out and bailout. ETH deserves death and ETC deserves to shine. If someone tries to attack ETC, don't forget that there are bigger whales in BTC that make the whales in ETH look like fish so you better play it fair.

[asdalani]

Expect a major 51% attack on ETC this weekend. I'm calling it folks. Better to get out of ETC while the exits are still clear.

If true an attempt to destroy peoples wealth is as low as it gets. The original DAO thief and members of the ETH community who might support this idea have a lot in common.

I do not think the major attack will happen before the Ethereum Foundation sells it ETC and the ETC price crashes.

They are worse than the "hacker" by a long shot. All the "hacker" did was prove how smart contracts aren't ready yet but they didn't care and let all that money flow into the DAO. Then they pussy out and bailout. ETH deserves death and ETC deserves to shine. If someone tries to attack ETC, don't forget that there are bigger whales in BTC that make the whales in ETH look like fish so you better play it fair.

cnLedger on Twitter: "Chandler Guo on Wechat: 180 degree flip on ETC 51% attack"

https://twitter.com/cnLedger/status/759673791387611137

[helloeverybody]

Hopefully eth price does drop further and ETC goes up to where ETH is at at the moment.  I think soon enough both are destined to fail but at least hopefully i can squeeze the last bit of profit out of it that i can.

[RoommateAgreement]

Hopefully eth price does drop further and ETC goes up to where ETH is at at the moment.  I think soon enough both are destined to fail but at least hopefully i can squeeze the last bit of profit out of it that i can.

i agree, ethereum still has some life left in it so it is not going to die this soon and will continue to stay up but the massive drop will happen eventually. also for now it seems like the most attention is on ETC but it is too risky at the same time.

[gtglener]

Hopefully eth price does drop further and ETC goes up to where ETH is at at the moment.  I think soon enough both are destined to fail but at least hopefully i can squeeze the last bit of profit out of it that i can.

Ethereum has got a life after hard fork, and I think now it does not have any chance to go to sub $1 , and ETC is copying ETH, I cannot say that it will have any future as it does not represent a unique image but just a copy of ETH and competing ETH.

[clownius]

Hopefully eth price does drop further and ETC goes up to where ETH is at at the moment.  I think soon enough both are destined to fail but at least hopefully i can squeeze the last bit of profit out of it that i can.

Ethereum has got a life after hard fork, and I think now it does not have any chance to go to sub $1 , and ETC is copying ETH, I cannot say that it will have any future as it does not represent a unique image but just a copy of ETH and competing ETH.

You appear to be confused ETC is not copying ETH.  ETC is ETH!  Its exactly the same ETH that existed before some people of questionable moral tried to HF their fuck up away.  Basically it the chains continuation with the HF never happening.

If anything is a copy of ETH its ETH HF version itself.  The have taken the original ETH chain which is now known as ETC (the ETH chain that didnt stop).  Altered some transactions they didnt like and pretended they never happened and started a new chain.

The best solution to this whole fucking mess would be that ETC should have been given the code ETH and the morally bankrupt hardforkers should tace had to get a new code to describe their new coin.  Because its no longer ETH.

[shanem]

Hopefully eth price does drop further and ETC goes up to where ETH is at at the moment.  I think soon enough both are destined to fail but at least hopefully i can squeeze the last bit of profit out of it that i can.

Ethereum has got a life after hard fork, and I think now it does not have any chance to go to sub $1 , and ETC is copying ETH, I cannot say that it will have any future as it does not represent a unique image but just a copy of ETH and competing ETH.

ETH will drop because of ETC taken but it will not definitely go to 1 dollars unless the ETH foundation abandons the coin. ETC is just hype at the moment unless they can work on something exciting.