Why Etherium price is decreasing day by day ?

[smooth]

I didn't realize there was a actual hack.  I thought it was just poor coding in the dao. 

by the sounds of it that's exactly what it is. and i don't think it was even poor coding. the dao worked correctly, they didn't foresee the angle the 'hacker' used.

How can anyone prove it wasn't foreseen?

[BlindMayorBitcorn]

I didn't realize there was a actual hack.  I thought it was just poor coding in the dao. 

by the sounds of it that's exactly what it is. and i don't think it was even poor coding. the dao worked correctly, they didn't foresee the angle the 'hacker' used.

How can anyone prove it wasn't foreseen?

They call it coming to a social consensus. 

[Za1n]

I didn't realize there was a actual hack.  I thought it was just poor coding in the dao. 

by the sounds of it that's exactly what it is. and i don't think it was even poor coding. the dao worked correctly, they didn't foresee the angle the 'hacker' used.

How can anyone prove it wasn't foreseen?

Good point, as I haven't made up my mind on this aspect yet.

[bones261]

I didn't realize there was a actual hack.  I thought it was just poor coding in the dao.  

by the sounds of it that's exactly what it is. and i don't think it was even poor coding. the dao worked correctly, they didn't foresee the angle the 'hacker' used.

How can anyone prove it wasn't foreseen?

Good point, as I haven't made up my mind on this aspect yet.

They knew about the recursive call vulnerability. https://blog.slock.it/no-dao-funds-at-risk-following-the-ethereum-smart-contract-recursive-call-bug-discovery-29f482d348b#.ypktf8e5c The problem was that they didn't see there was a problem with two other call functions that could be called recursively when put together. http://hackingdistributed.com/2016/06/18/analysis-of-the-dao-exploit/
Fail code.

[BlindMayorBitcorn]

Have they even decided on an inflation schedule yet?

[bones261]

Have they even decided on an inflation schedule yet?

I think that they were hoping that if theDAO was a big success, they could launch more nifty smart contracts. Each one could have created big demand for Ether tokens. It would have made Ethereum a big IPO mill. Looks like that plan is a no go, for now.  

[BlindMayorBitcorn]

Have they even decided on an inflation schedule yet?

I think that they were hoping that if theDAO was a big success, they could launch more nifty smart contracts. Each one could have created big demand for Ether tokens. It would have made Ethereum a big IPO mill. Looks like that plan is a no go, for now.  

Immutability ain't what it used to be.

[Rastanan]

Have they even decided on an inflation schedule yet?

I think that they were hoping that if theDAO was a big success, they could launch more nifty smart contracts. Each one could have created big demand for Ether tokens. It would have made Ethereum a big IPO mill. Looks like that plan is a no go, for now.  

That is right. After the survival of the Ethereum of this DAO hack, the price will be drift for some time at least.

[From Above]

Why is the Ethereum price decreasing day by day?

Because sometimes things have to decrease towards zero.

This is done to have it go to $1000 within a couple of years.

~CfA~

[Bitcoinsummoner]

Well i think it is because of DAO issue thats why the price is decreasing day by day and also thats why the price is decreasing its because ethereum investors are converting their eth to bitcoin because block halving is nearly come..

[Rastanan]

Well i think it is because of DAO issue thats why the price is decreasing day by day and also thats why the price is decreasing its because ethereum investors are converting their eth to bitcoin because block halving is nearly come..

I do not think the Ethereum holders are converting the eth to bitcoin. If so, the bitcoin price would not drop 10% yesterday.

[1btcdream]

Why is the Ethereum price decreasing day by day?

Because sometimes things have to decrease towards zero.

This is done to have it go to $1000 within a couple of years.

~CfA~

But we don't know if ETH is still alive by then, one thing for sure it won't reach the said price per ETH.

[Carlsen]

Well i think it is because of DAO issue thats why the price is decreasing day by day and also thats why the price is decreasing its because ethereum investors are converting their eth to bitcoin because block halving is nearly come..

I do not think the Ethereum holders are converting the eth to bitcoin. If so, the bitcoin price would not drop 10% yesterday.

I could imagine that it is the other way round. Btc users are converting into ether, at least the next few days. Till after halving.
To avoid the uncertainty of the upcoming halving.
This could give ether another push!

[sakinaka]

I'll clear all the FUD : Ethereum wasn't hacked at all. That was just The DAO. There is not consequence on Ethereum at all.[/b]
Then, to reply to OP, that's quite simple : the halving. That's what's draining all the altcoins for more than a month.

So why they want SF, HF if Ethereum was not affected?

That's a kind of roll-back to cancel these transactions. Since The DAO was funded by ethers, Ethereum can do something since that's still its currency.

[GreenBits]

Well i think it is because of DAO issue thats why the price is decreasing day by day and also thats why the price is decreasing its because ethereum investors are converting their eth to bitcoin because block halving is nearly come..

I do not think the Ethereum holders are converting the eth to bitcoin. If so, the bitcoin price would not drop 10% yesterday.

I could imagine that it is the other way round. Btc users are converting into ether, at least the next few days. Till after halving.
To avoid the uncertainty of the upcoming halving.
This could give ether another push!

Given all the coins in this space, ether might literally at the moment the most uncertain bet you can place your value into. If I had to choose between a halving event that has already elevated the price from 450 to 650, or a hacking event that has recently devalued a coin from 20 to 10 dollars, hell, I want the first choice.

TLDR: ether is not a 'haven' asset for bitcoin holders, ESP in its present condition.

It's like acknowledging the uncertainty of the Halving, but ignoring the elephant shaped Ethereum hard fork in the room.

[Carlsen]

Well i think it is because of DAO issue thats why the price is decreasing day by day and also thats why the price is decreasing its because ethereum investors are converting their eth to bitcoin because block halving is nearly come..

I do not think the Ethereum holders are converting the eth to bitcoin. If so, the bitcoin price would not drop 10% yesterday.

I could imagine that it is the other way round. Btc users are converting into ether, at least the next few days. Till after halving.
To avoid the uncertainty of the upcoming halving.
This could give ether another push!

Given all the coins in this space, ether might literally at the moment the most uncertain bet you can place your value into. If I had to choose between a halving event that has already elevated the price from 450 to 650, or a hacking event that has recently devalued a coin from 20 to 10 dollars, hell, I want the first choice.

TLDR: ether is not a 'haven' asset for bitcoin holders, ESP in its present condition.

It's like acknowledging the uncertainty of the Halving, but ignoring the elephant shaped Ethereum hard fork in the room.

Yeah the hard fork is a big uncertainty, but I don't think it will come before halving...
By the way, when are thy planing to do so? is there some sort of time table?

[densuj]

As etherium is decreasing, so can we have a reason behind that and what are the future expectations.

I think about price of ethereum who going down it is just fluctuating of price there are not special about that. Every cryptos always be fluctuating even if bitcoin its self. But it is just my opinion using tecnical analysis.

[clownius]

I'll clear all the FUD : Ethereum wasn't hacked at all. That was just The DAO. There is not consequence on Ethereum at all.[/b]
Then, to reply to OP, that's quite simple : the halving. That's what's draining all the altcoins for more than a month.

So why they want SF, HF if Ethereum was not affected?

That's a kind of roll-back to cancel these transactions. Since The DAO was funded by ethers, Ethereum can do something since that's still its currency.

Lets tell the brutal truth.

Since some of the Eth devs and leadership are most likely amongst the biggest DAO bagholders and stand to take a massive loss they used their privileged position to roll back history and save their own bacon.  Most likely at the expense of every person who believed in ETH....

Sorry but changing history and rolling back the blockchain has never helped any altcoin and i suspect it will kill ETH too.  I recommend dont be a bagholder

[ramzifcb48]

Just  because the DAO be stolen, and I think the ETH will be rise slowlly!

[ProfessionalGoogler]

https://bitcointalk.org/index.php?topic=1541452.0