Ethereum scammers trying to suppress BTC till they find someone to Dump Eth on

[r0ach]

There's mass desperation on several exchanges trying to keep BTC lower.  It was obvious the second someone did a huge market sell when BTC was $470, causing $35 in slippage.  Nobody that actually wants to sell attempts to cause slippage on purpose, only for manipulation.  The reason is that BTC and Ethereum are somewhat inversely correlated.  When BTC goes up, Eth crashes.  A lot of Chinese and American whales drank the Vitalik koolaid and invested in Ethereum when they know nothing about cryptocurrency at all.  Little did they know, Eth is a completely dysfunctional product and referring to it as an outright scam is not an exaggeration:

The Ethereum Paradox

http://bitcointalk.org/index.php?topic=1361602.0

Now the Eth whales that pumped that blatant scam to $1 billion dollars market cap are desperate to find someone to dump on before the BTC halving causes the Eth price to completely implode.

*Update*

Ethereum created a new pump scheme called the "DAO" in order to try and give the illusion of a risk free chance at gains, but the real goal was just to temporarily lock up enormous amounts of Eth and prevent it from being spent so they could attempt to pump it.  The DAO now has $150 million denominated in ETH that can be sold on May 28th.  Most people now know that the DAO is a horrible investment, so the single entity pumping Eth right now is trying to find momentum traders to dump on before May 28th comes when he knows the Ethereum market is going to crash.

First the Eth pumper will dump, then the Eth DAO will dump on May 28th, then the Bitcoin halving after will cause the Eth bubble to collapse even more while BTC skyrockets instead.

Why people know the Eth DAO is a horrible investment:

https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa

https://bitcointalk.org/index.php?topic=1471177.0

[r0ach]

(it was actually like 4000 btc market sells in total with 2 chunks of 1000 to try and manipulate down but failed - clearly orchestrated event)

[korila]

r0ach,, you are way too biased ~

[r0ach]

r0ach,, you are way too biased ~

Calling a scam a scam is not biased.

[korila]

r0ach,, you are way too biased ~

Nobody is falling for your scams.

Please don't blame Ether whales ..

That's nonsense..

Well then where is BTC whales?? they could just mass buy to soar BTC price up.
Since you said BTC&ETH is negatively correlated, ETH whales eventually need to cut the loss and convert it to BTC, right?
Short covering could happen,, but seems like BTC whales ain't doing shit,,

yeah that's market action,  supply & demand, work of invisible hand~
Please don't blame it on ETH whales, it just makse you more pathetic

Your logic is just way too biased

[r0ach]

Nice try scammers with your orchestrated market sell on Finex, but Bitstamp didn't follow your move. (coinbase still at $452 too):

[korila]

Nice try scammers with your orchestrated market sell on Finex, but Bitstamp didn't follow your move:

why don't you short ETH at Poloneix???
if you are damn sure about it?

[worhiper_-_]

Why are people trying to paint China as the evildoer in all this? The Chinese hold a strong portion of the bitcoin market, why would they try to keep it down? China is generally doing a lot to keep bitcoin up while systematically ignoring ETH, so I'd say that the contrary of what OP says is true.

[r0ach]

Why are people trying to paint China as the evildoer in all this? The Chinese hold a strong portion of the bitcoin market, why would they try to keep it down? China is generally doing a lot to keep bitcoin up while systematically ignoring ETH, so I'd say that the contrary of what OP says is true.

Chinese are insane gamblers and a lot of them bought into Eth.  One of the Chinese VCs that used to screw with Bitshares put far more money into Eth.  It was THE WEST leading in price when Bitcoin went over $470 and China attempted to stop it on purpose.  This is a fact.  I keep up with each exchange's movements daily and can easily tell who is doing what.  It's always extremely obvious when the Chinese are trying to raise or lower price.  

For example, when the price of BTC goes over $1000 and Eth has some enormous dump in the process going to something like 0.006, they not only make no money in the process of the BTC rise, they lose money due to the Eth implosion.  They're desperate to find someone to dump their Eth on first.  It was not chump change that pumped that Eth scamcoin to $1 billion market cap.  It took a lot of money to get there.  Now they have to try and micromanage BTC and Eth at the same time to not get slaughtered in Eth holdings.

When I said Eth is a scam, I was not bullshitting:

Even Gmaxwell finally came out of the closet calling it a scam:

https://bitcointalk.org/index.php?topic=1427885.msg14601127#msg14601127

When I said IOTA is a permissioned ledger extortion scheme I was not kidding either:

Add another refutation concerning the validity of IOTA to the thread:

<bsm117532> r0ach: I wouldn't worry about permissioning, Iota doesn't have any kind of consensus or UTXO set...it's entirely unworkable.

http://bob.mcelrath.org/

[MR1]

The question is if they succeed in finding anyone wishing to buy ETH at this price. I strongly doubt.

[Denker]

The question is if they succeed in finding anyone wishing to buy ETH at this price. I strongly doubt.

Yes that won't be easy!
No matter how hard they will try to dump that stuff on others who fall for this scheme, I know it won't be me!

[Mervyn_Pumpkinhead]

Bitcoin - a high-tech pyramid scheme that's tech is stagnant and it's market is running out of greater fools. Only black and grey markets have practical use for it for it's relative anonymity. Attracts mainly people who are lazy, dumb and greedy enough to be lured in with the idea of "buy, sit on your ass while doing nothing, earn $$$$"

ETH - Resource that has potential to offer practical solutions for more useful applications then people have currently even imagined. Doesn't try to be a currency, because currencies with unpredictable future value are useless anyway. Biggest riches will be earned by those who build practical applications around the network. Attracts more people who are able to cope with the increased complexity.

Make your bets..

[r0ach]

Make your bets..

Yes, we can make our bets.  Anyone with an IQ over 2 can look at your post history and see you're an anti-Bitcoin shill likely operated by the same entity as "Talks_Cheep" since your posts are almost word for word identical in content and length.  Next time you try to post propaganda, try not to do it on a forum inhabited by computer science grads and PhDs all smarter than you are.

[Denker]

Bitcoin - a high-tech pyramid scheme that's tech is stagnant and it's market is running out of greater fools. Only black and grey markets have practical use for it for it's relative anonymity. Attracts mainly people who are lazy, dumb and greedy enough to be lured in with the idea of "buy, sit on your ass while doing nothing, earn $$$$"

ETH - Resource that has potential to offer practical solutions for more useful applications then people have currently even imagined. Doesn't try to be a currency, because currencies with unpredictable future value are useless anyway. Biggest riches will be earned by those who build practical applications around the network. Attracts more people who are able to cope with the increased complexity.

Make your bets..

Yeah right!
Vitalik Buterin, the head of ETH, dumped 25% of his stash because of the extreme potential it is having.

[Mervyn_Pumpkinhead]

Yeah right!
Vitalik Buterin, the head of ETH, dumped 25% of his stash because of the extreme potential it is having.

That's because unlike bitcoin, ETH's main thing isn't earning by dumb buy'n'hold speculation. There is no "beanie baby" artificial scarcity to feed the greedy little minds of taxi drivers and bartenders, who hope to find easy shortcuts to riches. Possibility to earn through speculating with ETH will only last in it's beginning stage where everything is raw and driven by hype. When things mature, then the only people who earn money with ETH are those who are actually capable in building useful applications on the ethereum network.

[Mervyn_Pumpkinhead]

forum inhabited by computer science grads and PhDs all smarter than you are.

 

[r0ach]

When things mature, then the only people who earn money with ETH are those who are actually capable in building useful applications on the ethereum network.

Except there is no "ethereum network" because it doesn't matter what you can do inside the VM when it has an invalid foundation holding it up.  We have a 47 page thread discussing that already:

http://bitcointalk.org/index.php?topic=1361602.0

And people like Gmaxwell went over it saying the same thing weeks later:

https://bitcointalk.org/index.php?topic=1427885.msg14601127#msg14601127

[Mervyn_Pumpkinhead]

Except there is no "ethereum network" because it doesn't matter what you can do inside the VM when it has an invalid foundation holding it up.  We have a 47 page thread discussing that already:

http://bitcointalk.org/index.php?topic=1361602.0

And people like Gmaxwell went over it saying the same thing weeks later:

https://bitcointalk.org/index.php?topic=1427885.msg14601127#msg14601127

Sadly, your 47 page thread lacks of constructive criticism and is mostly full of hysterical monologues and personal insults written by yourself.
Gmaxwell post is a much better piece, that lacks the hysterical emotions that your posts almost always include. Maybe less caffeine would help to keep more focus?

As I've always said about ETH and it can be looked up in my post history. It has a lot of potential, but still many things can go wrong while it matures. When bitcoin is sick and dying, with only the close loved ones trying to keep up hope, then ETH is a newborn baby whose far future isn't yet determinable. The idea of ETH already wins the idea of BTC, now we only have to see if the technical side keeps up with the idea.

[r0ach]

then ETH is a newborn baby whose far future isn't yet to be determinable.

It's infeasible due to things like CAP theorem.  If Eth is a "newborn baby", then it would be a crack baby.  Since you're a hired shill poster, I don't expect you to understand any of that.  You have 39 pages of post history claiming Bitcoin is a scam.  Literally every single post says that.  Nobody would waste their time doing such a thing without financial motivation.  Anyone can tell you're a paid shill poster.

[Mervyn_Pumpkinhead]

It's infeasible due to things like CAP theorem.  

All relatively small obstacles that can be solved. Obstacles that aren't close enough important as bitcoin has. While ETHs potential problems are technical, then bitcoins problems are financial. The biggest problem already started when bitcoin started trying to be a currency. There is no use for a currency that is highly attractive for speculation, and therefor has a highly unpredictable future value. The main goal for a currency is to offer a stable intermediate to make more complex plans with determinable value. There is no way to run a business, while depending on the currency that may change it's value -50%/+50% in the next month.

Since you're a hired shill poster, I don't expect you to understand any of that.

That's the hysterical part I was talking about. You won't exactly raise trust among the sober minded people, when you keep yelling about conspiracies, anti-semitism and suspecting every discussion partner of being a paid conspirator. You may get the attention of those who are used to learning about history, finance and tech through youtube videos, but those folks mostly don't have the money to keep the heavy BTC market afloat anyway.