ETC price speculation

[bobmarley650]

New bottom is 3 mBTC

[Azael]

Also something I thought of. If ETC keeps appreciating in price and ETH moves sideways or down it is very likely we would see a larger influx to ETC I mean just from ETH holders in this scenario. Some ETHers that I know sold their ETC as quickly as possible for some reason.. they were given a free hedge but easy come easy go I guess.

Another scenario is because the fork is a losing chain. The ETH miners are selling all of their mined earnings and will buy more mining rigs to start mining ETC. They will adjust slowly and transfer all their mining power to ETC if it is the winning chain.

Sure. But I mean it's like a positive feedback loop. It could bring down ETH and replace it with ETC.

So you're the average ETH holder for the technology. You want to use or see the use of smart contracts in the future or whatever. Now ETH moves sideways, but ETC keeps increasing in both hash and market cap everyday. Now you get nervous over holding ETH even if it is moving sideways since ETC is growing rapidly and you can tell it is getting more attention than ETH. The logical thing to do is to sell your ETH and buy ETC, at some benchmark you've set for yourself. Me, I bought it right away out of ideological reasons. Others might have a certain price or like a % out of ETH cap, and so fourth... but the thing is that ETC might actually take down ETH based on this argument I lay out for you all.

Because as time progresses and ETC price increases more and more will sell their ETH in favor for ETC. The thing is that ETH doesn't necessarily need to go up or down for ETC to succeed but it seems likely it could go down some in the future should this scenario play out which I think it will.


To sum it up at some point ETC will be worth more than ETH. And ETH doesn't necessarily need to drop in price for this to occur, but it seems likely it will.

[Tmdz]

I think if ETC continues to rise the bitcoins to buy it come mostly from ETH holders as they sell and so it's basically just a transfer of wealth from ETH to ETC and also other investors that just simply want to take part in the action for profits.

But there is still the looming threat of the DAO and when that individual will sell his coins.  He could dump them as many people expect but more likely he could just let them slowly enter the market and sell them for greater profits. The volume is pretty high for ETC so it would be easy for him to slowly sell off coins and the market could remain completely unaware of it, heck even a dump wouldn't even be considered unusual in the market.

[BillyBobZorton]

ETC is obviously going up but we are going to see a correction back to 250 ish territory before we start going for ETH's parity. Still time to buy cheaper.

[mining1]

Probably 1-2 chinese BTC whales are dumping BTC attempting to push ETC price, but they hit on a DUMP wall as soon as the price is increasing lol. And they are crashing BTC price while doing that, because, the stronger the pump, the stronger the dump. This may end up being one of the biggest failed pumps in cryptocurrency history and they'll end up losing alot of money if people are smart enough dumping before they do.

[CoinBreader]

its been a crazy morning today, look how thin is the sell walls!  grab your coffee and keep calm and profit ! ^^

[iCEBREAKER]

This is what happens when a contentious hard fork is forced through without the consent of the socioeconomic majority.

Apparently, a significant number of ETH are were owned by Bitcoin Maximalists.

I speculate the leakage will continue in flows resembling the transfer of matter between a black hole and companion star.

A staggering amount of energy will be released.  It should be a specular show as the market absorbs the current dumping by Bailout Maximalists, then crosses the tipping point into sustained higher hashrates mining ETC (IE the unforked orginal branch).

[snakie11]

soon 0.01

[tokeweed]

I guess this is the most decent speculation thread I can find for ETC.  Posting this here instead of making a new thread...

What do you guys think?



Has ETC hit bottom and starting to break out?

[DosManos]

I guess this is the most decent speculation thread I can find for ETC.  Posting this here instead of making a new thread...

What do you guys think?



Has ETC hit bottom and starting to break out?

yea looks good actually on the chart..
but dunno how far it can go really..
last 2 times i held all the way up and all the way down :X

[tokeweed]

^  Third time's a charm?  Lolol.  But yeah...  That's what stop losses are for.  Keep them losses small guys (in case some of you went out and bought some ETC with me ).

[tokeweed]

And ofc...  My stop loss got hit and on it goes back up again like nothing happened.    My losses for the past couple of years have been like it.  Small but they do add up and looking at the total sickens my stomach.  It would've been better to stay in the side lines and do nothing.  

[BChydro]

And ofc...  My stop loss got hit and on it goes back up again like nothing happened.    My losses for the past couple of years have been like it.  Small but they do add up and looking at the total sickens my stomach.  It would've been better to stay in the side lines and do nothing.  

Putting a stop loss in the crypto market is close to suicide and with ETH planning to change their network completely the miners who were mining them might shift to ETC and if that happens we might see some movements in the market, it is my speculation as i am expecting some blunder while implementing the change in ETH and that could help the ETC market in some way  .

[tokeweed]

Damn...  Looking at ETC's chart right now.  I'm kicking myself for being such a little bitch and placing my stop loss too close. 

[BitDane]

It seems that the ETC price is currently showing bullish signs.  It was stated the the bearish long trend of ETC is already broken and is now showing a bullish sign.  You can see the analysis here: https://www.tradingview.com/chart/ETCBTC/g7Q7lw8h-ETC-BTC-Long-Term-Downtrend-has-been-Broken/

[tokeweed]

*Checks the price*

Is there a YT video that could teach me how I can kick myself in the butt?  I think I'm gonna need it now...

[Permonik]

Yeah, it´s still kicking 

[tokeweed]

Check out the chart guys...  Looks like the ETC community is seeing new long term community members coming in.  

(Yes, I'm salty for not riding the move.  I was right there at 4.50ish!)

[mR.k0fka]

Check out the chart guys...  Looks like the ETC community is seeing new long term community members coming in.  

(Yes, I'm salty for not riding the move.  I was right there at 4.50ish!)

well if it falls to that levels again (3$ - 4$)
just buy and hold until patiently until the next big move
i missed the ETC ride twice and this one i didn't because i decided to do that

[leyton11]

According to my analysis of the ETC chart, it is being supported at a very good level, which is $ 7.9. That price is supported by a very important point in the Fibonacci Retracment, which is 0.618. That's why when it fell to the price of $ 7.9, it soared again. Now it is at a big resistance at line 0.5 in Fibo. If in 3 days its price rises above $ 8.6 then it is a very good time for us to buy.