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Author Topic: I think Ethereum will be finished after this attack  (Read 15572 times)
brekyrself
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July 03, 2016, 07:24:51 PM
 #101

What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I bought some while diversifying my portfolio investments, this is not a good time to be too confident on ETH.

But the miners are very confident in the Ethereum. Look at the network hash rate, it is another all time high.

Miners only care about what makes them $$.
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July 04, 2016, 10:58:00 AM
 #102

What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I bought some while diversifying my portfolio investments, this is not a good time to be too confident on ETH.

But the miners are very confident in the Ethereum. Look at the network hash rate, it is another all time high.

Miners only care about what makes them $$.

That could be true. When the price of Etheruem drops to $4, and it becomes unprofit to mine, they will stop.

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July 04, 2016, 07:33:33 PM
 #103

What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I bought some while diversifying my portfolio investments, this is not a good time to be too confident on ETH.

But the miners are very confident in the Ethereum. Look at the network hash rate, it is another all time high.

Miners only care about what makes them $$.

That could be true. When the price of Etheruem drops to $4, and it becomes unprofit to mine, they will stop.

That happened two years ago. Miners found it was not profitalbe to mine litecoin, they sold their cards and crashed the card prices.
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July 13, 2016, 07:23:38 AM
 #104

What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I think it is better to wait until the hard fork in a few weeks. If there is good community spirit, then buy some.
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July 16, 2016, 11:16:21 AM
 #105

I heard a Chinese company bought about 1 million Etherum some time last year to support the development of Ethereum. It might support it after hard fork.
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July 16, 2016, 04:26:31 PM
 #106

Finished. As in keeps on going and rising

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July 16, 2016, 04:34:37 PM
 #107

What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I think it is better to wait until the hard fork in a few weeks. If there is good community spirit, then buy some.

Haha Cheesy yeah. ETH will not die this year. Also, im planning to buy ETH.

I heard a Chinese company bought about 1 million Etherum some time last year to support the development of Ethereum. It might support it after hard fork.

Well this was a good news isn't it? especially now, the rice of ETH is continuing to rise and then some accusations will pump out that it will die. Not gonna happen

Finished. As in keeps on going and rising

Yeah it keeps on climbing up. I think what they predicted will not happen. Let's see after the har fork on what will happen. But im confident that ETH will survive this.
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July 16, 2016, 05:39:42 PM
 #108

Finished. As in keeps on going and rising

deadcat bouncing.
ETH is going down, wait and see.
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July 17, 2016, 09:45:17 AM
 #109

Finished. As in keeps on going and rising

deadcat bouncing.
ETH is going down, wait and see.

That could be right. The dead cat bouncing could bounce to $50 before it drops to around $30 again.
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July 17, 2016, 03:38:04 PM
 #110

no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after

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July 17, 2016, 04:12:55 PM
 #111

What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

haha, by the time this "suggestion" was posted eth price was above 0.0181BTC and it went down to 0.016BTC which is only loss so far if anybody acted on it Smiley

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July 17, 2016, 04:19:09 PM
 #112

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July 17, 2016, 07:01:26 PM
 #113

Ethereum will continue to slowly bleed out over next 26 days until the "stolen" ETH is available to be spent. The big bleedout will occur when one of two things happen:

1. Ethereum forks, either soft or hard, both would be disastrous to the long term viability of ETH. It would be a very dangerous precedent to set.
2. No action taken, the "stolen" funds become spendable and the attacker dumps them all on the market, because who the hell wants to sit on several million dollars worth of funny money?

Either scenario would involve a mass dump return and Ethereum back to sane pricing. Over 1 billion market cap for an unproven system was always unsustainable - this just hastened things along. I would not be surprised to see it go under $1 or $2 after all this is said and done. I worry what the community will do, since this situation is very similar to what happened with NXT, even though no fork was issued there, the community was split down the middle and the coin never recovered.

Time will tell. Ethereum still has a long term chance if they do not fork, and the community does not divide itself, though it will take a long time to recover from this market shock. Very unfortunate situation for all involved, but maintaining fungibility should take priority over everything else.

Now 30 days later and your prediction on price has been proven to be true. Price is now 0.01625BTC/ETH and it was 0.027BTC/ETH right before the hack.

Thats a 39.8% decline.

I expect it to fall further in the months to come. Not sure if it can ever recover by setting this precedent with the hard fork.

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July 17, 2016, 07:03:34 PM
 #114

no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after

So you believe "they" can bring the price back higher?

I thought this was a technology project not a price project.

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July 17, 2016, 07:15:03 PM
 #115

no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after

They are trying their best to come it back to the track , and as it has some good supporters I am looking they are getting once again to the success, but people will for a long time feel a fear of hack at there.
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July 17, 2016, 07:18:22 PM
 #116

no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after

They are trying their best to come it back to the track , and as it has some good supporters I am looking they are getting once again to the success, but people will for a long time feel a fear of hack at there.

Ethereum has a lot of user base behind it and they as far as I know are fanatics to it. Still this is not enough, as the hack has damaged so bad eth that it has seen a 40% decline so far. I don't think it will come back to where it were but it can go up to 0.021 BTC for sure in the coming months.
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July 17, 2016, 07:23:42 PM
 #117

no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after

They are trying their best to come it back to the track , and as it has some good supporters I am looking they are getting once again to the success, but people will for a long time feel a fear of hack at there.

Ethereum has a lot of user base behind it and they as far as I know are fanatics to it. Still this is not enough, as the hack has damaged so bad eth that it has seen a 40% decline so far. I don't think it will come back to where it were but it can go up to 0.021 BTC for sure in the coming months.

In the next few weeks, if the Ethereum price does not drop below 0.01, it will rise to 0.05 in the next few months.
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July 17, 2016, 08:00:29 PM
 #118

no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after

They are trying their best to come it back to the track , and as it has some good supporters I am looking they are getting once again to the success, but people will for a long time feel a fear of hack at there.

Ethereum has a lot of user base behind it and they as far as I know are fanatics to it. Still this is not enough, as the hack has damaged so bad eth that it has seen a 40% decline so far. I don't think it will come back to where it were but it can go up to 0.021 BTC for sure in the coming months.

In the next few weeks, if the Ethereum price does not drop below 0.01, it will rise to 0.05 in the next few months.

In either scenario I don't see that happening.

Technical price chart shows lots of weakness. Lower highs and lower lows does not instill ATH price for a long time.

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July 17, 2016, 08:00:59 PM
 #119

no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after

They are trying their best to come it back to the track , and as it has some good supporters I am looking they are getting once again to the success, but people will for a long time feel a fear of hack at there.

Ethereum has a lot of user base behind it and they as far as I know are fanatics to it. Still this is not enough, as the hack has damaged so bad eth that it has seen a 40% decline so far. I don't think it will come back to where it were but it can go up to 0.021 BTC for sure in the coming months.
More than hack there is always the possibility that a better or new project appears and that  would affect pushing  down the prices.
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July 17, 2016, 08:03:26 PM
Last edit: July 17, 2016, 08:56:55 PM by redsn0w
 #120

no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after

They are trying their best to come it back to the track , and as it has some good supporters I am looking they are getting once again to the success, but people will for a long time feel a fear of hack at there.

Remember that ethereum 'works' also if its price is 0.0162 btc  Roll Eyes.....
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