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portalufonet (OP)
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May 21, 2016, 01:50:27 AM |
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Ethereum pump and dump pre-mined scam coin with fake volume is being dumped now
Yesterday pumped to 15$+ and now is being dumped (suckers losing money, and powerful players winning easy and fast money)
Ethereum is the biggest scamcoin ever created since cryptocurrency creation.
Let's see where this game of great and mighty whales will end and when.
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mandica
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May 21, 2016, 07:33:58 AM |
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The price could reduce to $10 or lower after the DAO hype. But if the Etheruem has some real usage, its price will rise.
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r0ach
Legendary
 Offline
Activity: 1260
Merit: 1000
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May 21, 2016, 07:56:08 AM |
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Ethereum scammers are in full desperation mode now. Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers for that scamcoin.
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grim007
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May 21, 2016, 08:00:00 AM |
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many ether butt hurt here. hahaha. i think many loss some btc in ether because of pump yesterday. Lesson learned. dont buy coin when it is pumping.
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adaseb
Legendary
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Activity: 3752
Merit: 1710
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May 21, 2016, 08:15:12 AM |
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Scam or not. I am making amazing money mining ETH and even more money by trading it on margin on Poloniex.
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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May 21, 2016, 08:17:49 AM |
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Scam or not. I am making amazing money mining ETH and even more money by trading it on margin on Poloniex.
You don't trade margin in completely non-aggregate markets where the price is only rising due to 1 single entity pumping because they're going to drop the hammer on you at any time. Everybody knows the $150 million DAO denominated in Ethereum is going to dump when they can sell on May 28th, and the single entity pumping it is going to dump before that date comes. You're on a ticking time bomb where the pumper is going to dump on you at any second. |
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adaseb
Legendary
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Activity: 3752
Merit: 1710
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May 21, 2016, 09:28:40 AM |
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Scam or not. I am making amazing money mining ETH and even more money by trading it on margin on Poloniex.
You don't trade margin in completely non-aggregate markets where the price is only rising due to 1 single entity pumping because they're going to drop the hammer on you at any time. Everybody knows the $150 million DAO denominated in Ethereum is going to dump when they can sell on May 28th, and the single entity pumping it is going to dump before that date comes. You're on a ticking time bomb where the pumper is going to dump on you at any second. Then I will short it on margin. |
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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May 21, 2016, 09:29:13 AM |
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The pieces of the puzzle start to come together: "F2Pool, which according to data from Blockchain.info has processed the most bitcoin blocks in the past 24 hours, has long operated a mining pool focused on Ethereum"
Haha, now you know why Eth is getting pumped. They're raising it to unload every single one of their mined Ethers at insane bubble prices before the BTC halving and the Eth DAO dump causes Eth to crash. Then they take those Eth profits and use them to pump BTC for their larger and more important BTC mining farm.
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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May 21, 2016, 10:00:31 AM |
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It's probably over for Eth rise. I wouldn't short it either since it's not an aggregate market and the single entity manipulating it would just try to squeeze you. The only logical move is to exit that market completely.  |
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Basteron
Newbie
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Activity: 27
Merit: 0
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May 21, 2016, 10:41:06 AM |
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many ether butt hurt here. hahaha. i think many loss some btc in ether because of pump yesterday. Lesson learned. dont buy coin when it is pumping.
The price dropped today. Do you think the pump has finished? I thought it could go higher when more exchanges list it. |
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kingorbust
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May 21, 2016, 11:01:26 AM |
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What I don't understand is if this is really scam or if we are waiting for ETH to have a big drop then why are so many Bitcoin exchange companies adding support for it? What's the point? r0ach says the only logical move is to exit that market completely yet we are seeing the oppsoite : not only normal folk but all the biggest Bitcoin exchange companies are adding it. Why is it gainng a momentum when according to r0ach and some others it is obvious "it will collapse". Everyone else is blind and they cant see just few days (DAO) or weeks (BTC split) in the future?
Any ideas if the ETH might rise on Tuesday when coinbase will allow trading? I am guessing more interest, higher price?
People who were buying ETH this month - are you still buying it?
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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May 21, 2016, 11:15:36 AM |
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They are playing the "buy the rumor, sell the news" bullshit game you see in stocks. The day the coin is added to any exchange, the price doesn't actually go up. When the Gemini exchange opened, it did nothing to Bitcoin price. When Gemini added Ethereum, it did nothing for Eth price. The Eth pumpers created the DAO scheme to lock up something like 1 out of 7 Eth temporarily for a short period of time in order to pump it. People now know the DAO is a horrible investment, so once they can sell for profit on May 28th, they will. This means the single entity pumping Eth will dump before that day comes so they can't dump on him. All the momentum traders then dump Eth even more to trade the BTC halving rise. Why the DAO is a shit investment: https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doahttps://bitcointalk.org/index.php?topic=1471177.0 |
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kingorbust
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May 21, 2016, 11:22:01 AM |
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interesting. So what do you think how much ETH will fall soon? I know this is multi-million dollar question but just trying to understand what scope are you talking about? 10%? 50%? 99%?
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Wosterlee
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May 21, 2016, 11:32:36 AM |
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Goldman Sachs thanks you for your BTC.
Remember they can create money out of thin air to fund and pump Ethereum into oblivion, but they can't generate bitcoins (yet).
Next up:
LISK pump on 24 May
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Minecache
Legendary
Offline
Activity: 2198
Merit: 1024
Vave.com - Crypto Casino
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May 21, 2016, 11:51:59 AM |
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Goldman Sachs thanks you for your BTC.
Remember they can create money out of thin air to fund and pump Ethereum into oblivion, but they can't generate bitcoins (yet).
Next up:
LISK pump on 24 May
BTC code could be changed to allow >21m coinage. |
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TravelsAsia
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May 21, 2016, 11:59:31 AM |
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Ethereum pump and dump pre-mined scam coin with fake volume is being dumped now
Yesterday pumped to 15$+ and now is being dumped (suckers losing money, and powerful players winning easy and fast money)
Ethereum is the biggest scamcoin ever created since cryptocurrency creation.
Let's see where this game of great and mighty whales will end and when.
Coming from the guy that thinks Litecoin is still relevant, good luck. Lol |
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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May 21, 2016, 11:59:53 AM |
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BTC code could be changed to allow >21m coinage.
Nope, but that's what the scammy Eth shills like you love to spam to try and pump Eth: People already attempted this at the first Bitcoin halving by trying to fork to a continuous 50 block reward chain and it was a miserable failure. Even if you temporarily rented all hash power on earth to try and get temporary consensus, the economic majority would stay on the normal chain and miners would be forced to switch back and mine on it after their coup fails. Miners are forced to go where the economic majority is, not vice versa.
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jacobmayes94
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May 21, 2016, 12:01:52 PM |
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I bet loads of miners will jump on the bandwagon though while its high, don't blame them tbf but the difficulty will increase, but as ETH is profitable to mine even with high power costs I don't see the difficulty dropping until the price falls low.
I jumped on the ETH bandwagon and made some money (BTC) out of it.
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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May 21, 2016, 06:59:02 PM |
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I love how the eth scammers keep creating new pump topics to try and get ones like this off the page lol.
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mandica
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May 23, 2016, 05:23:37 PM |
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I bet loads of miners will jump on the bandwagon though while its high, don't blame them tbf but the difficulty will increase, but as ETH is profitable to mine even with high power costs I don't see the difficulty dropping until the price falls low.
I jumped on the ETH bandwagon and made some money (BTC) out of it.
At the moment, even if your electricity price is $0.3 /kWh, it is profitable to mine. But the difficulty is rising too fast. |
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Pengengcoins
Newbie
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Activity: 12
Merit: 0
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May 23, 2016, 05:26:00 PM |
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Ethereum is totally scammed coin and they are just experimenting the price at the market to attract more traders to buy ethereum then once they are satiesfied even a small pump they are gradually dump it.. its obvious if you notice the movement of the price.
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mandica
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May 25, 2016, 09:26:22 AM |
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Ethereum is totally scammed coin and they are just experimenting the price at the market to attract more traders to buy ethereum then once they are satiesfied even a small pump they are gradually dump it.. its obvious if you notice the movement of the price.
Etheruem has been traded for 9 months. I think it could be distributed evenly among investors at the moment. |
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Basteron
Newbie
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Activity: 27
Merit: 0
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May 28, 2016, 07:25:27 PM |
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Ethereum is totally scammed coin and they are just experimenting the price at the market to attract more traders to buy ethereum then once they are satiesfied even a small pump they are gradually dump it.. its obvious if you notice the movement of the price.
Etheruem has been traded for 9 months. I think it could be distributed evenly among investors at the moment. It is difficult to say. Some big believers will still hold most of their coins. The founder still holds 75% of this coins. |
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