DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?

[philipma1957]

I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.

the funny thing is that etheruem might increase again, because of those that are actually buying in, thinking that it will increase again, not because it will actually increase again for a particular reason

they are the architects of their speculation

buying in thinking that others will also buy in, causing the very same increase strikes me as a valid reason, not an absence of one.

watching it closely  with a buy in set at ?

[BitUsher]

I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.

the funny thing is that etheruem might increase again, because of those that are actually buying in, thinking that it will increase again, not because it will actually increase again for a particular reason

they are the architects of their speculation

buying in thinking that others will also buy in, causing the very same increase strikes me as a valid reason, not an absence of one.

watching it closely  with a buy in set at ?

Traders who telegraph their buy orders usually have a large bag looking to sell and are merely hoping to delay others from selling before them. If you really were buying the rational thing would be to quietly buy when it dips to a new low.

[Amph]

I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.

the funny thing is that etheruem might increase again, because of those that are actually buying in, thinking that it will increase again, not because it will actually increase again for a particular reason

they are the architects of their speculation

buying in thinking that others will also buy in, causing the very same increase strikes me as a valid reason, not an absence of one.

yes but it appear to be the only reason, when it should not be the case, but this how crypto work, minus bitcoin

[hv_]

Never catch a falling knife!

[2dogs]

Also worth mentioning is the counterparty risk of not getting paid should my short goes in the right direction.
That's when the exchange(s) goes bust and cannot pay - just saying.

[Minecache]

Explain to us all why Ethereum would go to over $50 a coin when it's been hacked and crashing fast.

Are you just Trolling us or what .. you can't be serious.

Nice self mod too ahhahahhaha 

ETH has not been hacked. You are a complete and utter FUD spreader.

[Biodom]

Never catch a falling knife!

especially on Jan 15, 2015...

[philipma1957]

I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.

the funny thing is that etheruem might increase again, because of those that are actually buying in, thinking that it will increase again, not because it will actually increase again for a particular reason

they are the architects of their speculation

buying in thinking that others will also buy in, causing the very same increase strikes me as a valid reason, not an absence of one.

watching it closely  with a buy in set at ?

Traders who telegraph their buy orders usually have a large bag looking to sell and are merely hoping to delay others from selling before them. If you really were buying the rational thing would be to quietly buy when it dips to a new low.

which is why the buy in is revealed as a ?  For me The question is not what to buy in at but how much to buy.

I mine more then I trade. Trading is far different then mining.

[2dogs]

Trading is far different then mining.

True dat, but traders provide liquidity and a market for what you (and what others) mine.

[jeffthebaker]

Ethereum, DAO, and all related alternative cryptos are nothing more than hyped up shitcoins. None of this shit actually does anything. The whitepapers and theories and all that junk is just a bunch of garbage to convince more idiots to hop on their stupid altcoin train. The only reason why people invest in altcoins at all is to make a profit, none of them have life changing capabilities. If you want to invest in a feel good project that you think can make an blockchain-based impact, you should be looking into Bitcoin startups.

This hack should open eyes up to the worthlessness of Bitcoin's competitors, expect Ethereum to fall, and fall, and fall.

[hv_]

Never catch a falling knife!

especially on Jan 15, 2015...

Hmm, I know sb bought for below 0.70  .....

[Alondre]

Crash under $5 or minus

[GreenBits]

Ethereum, DAO, and all related alternative cryptos are nothing more than hyped up shitcoins. None of this shit actually does anything. The whitepapers and theories and all that junk is just a bunch of garbage to convince more idiots to hop on their stupid altcoin train. The only reason why people invest in altcoins at all is to make a profit, none of them have life changing capabilities. If you want to invest in a feel good project that you think can make an blockchain-based impact, you should be looking into Bitcoin startups.

This hack should open eyes up to the worthlessness of Bitcoin's competitors, expect Ethereum to fall, and fall, and fall.

Amen. Give this man a cookie. One of the mall sized ones with the icing. Smart  contracts, among some of the other hyped up crockery that has been served up here, sounds great on paper, but really doesn't do anything for real life use. It's all really sci fi, alot of these coins will be cool as hell later in the game. But after we figure out and apply block chain tech, not in its infancy like right now. This technology is less than a decade old. Give it some time to change the world, and focus on the most tangible offering, not some of these ephemeral alts that rise up in the night. Think of what all that dao money could have done for a good block chain project. That would have helped bitcoin, eth, and crypto in general.

[pugman]

Ether = 95% PR/Marketing 5% development
BITBAY = 100% development 0% PR/Marketing

What ether promise Bitbay & Syscoin already have . . And more

[philipma1957]

Trading is far different then mining.

True dat, but traders provide liquidity and a market for what you (and what others) mine.

Never said traders are bad  just not my game.  I prefer mining and very little trading.

I wrote the thread  to track lovers haters and sane people.

So far other then myself Not a single person has talked about the value of a gpu only coin is for Intel Nvidia and AMD.

all of those three companies have a lot to gain with an eth coin or an equal gpu coin.


My hope is the hacked coins are recovered for if they are ETH coin would do very well against btc come the ½ ing.

I am positioned in a good spot. under 1 eth coin zero dao coins cash to buy coins if I want them. 
full roi on my gear. and 56th in s-9's

So if eth coin truly crashes to $1.00 I will buy some and turn off the paid for gear.  It should boost BTC.

If Eth coin recovers  I will mine it.

[Hueristic]

Voted "CRASH UNDER $5.00" but do to the amount of braindead throwing BTC at ETH It will probably moon as a feature.

ETH -23
DAO -41

And thats with polo crashing under load from the pansies scurrying from the sinking ship.

stupid is as stupid does...it is an opportunity (for the patient).

Your right! It's a perfect opportunity to SHORT!!!

[philipma1957]

Voted "CRASH UNDER $5.00" but do to the amount of braindead throwing BTC at ETH It will probably moon as a feature.

ETH -23
DAO -41

And thats with polo crashing under load from the pansies scurrying from the sinking ship.

stupid is as stupid does...it is an opportunity (for the patient).

Your right! It's a perfect opportunity to SHORT!!!

Eth has dropped from all time high of 0.0279 btc to 0.020 up to 0.0248 down to  0.01750  and is now settled around  0.0203

an exciting 24 hours indeed.

[Quickseller]

I believe that it was said that the DAO is going to be shutting down and will convert to a contract that only allows people to withdraw their ETH.

Also from what I can tell, a lot of people were buying ETH for no reason other then to "invest" in the DAO, so if the DAO is no longer around, then most of the people who own/were buying ETH would no longer have a reason to own ETH.

[bones261]

I believe that it was said that the DAO is going to be shutting down and will convert to a contract that only allows people to withdraw their ETH.

Also from what I can tell, a lot of people were buying ETH for no reason other then to "invest" in the DAO, so if the DAO is no longer around, then most of the people who own/were buying ETH would no longer have a reason to own ETH.

Eth is going to have to do a fork to accomplish this. They are also going to have to a target the bad child DAO and all other bad child daos that may come up before the fix. At the same time they are going to have to still let the good child daos have their ETH. Good luck with the Ethereum Foundation playing whack-a mole.
 

Edit: Guess Vitalik Buterin is proposing a fork to freeze the ETh in all the DAOs and child Daos for now and then the community can discuss a way to return the ETH to the DAO holders. Good luck with that too. How long will that take? Looks to me like the DAO was just a clever way to burn some ETH. as I originally suspected. 

[Denker]

I believe that it was said that the DAO is going to be shutting down and will convert to a contract that only allows people to withdraw their ETH.

Also from what I can tell, a lot of people were buying ETH for no reason other then to "invest" in the DAO, so if the DAO is no longer around, then most of the people who own/were buying ETH would no longer have a reason to own ETH.

Ethereum is going DAOwn!!!