Will ETC pump hard?

[bbc.reporter]

if it breaks the 270k line we are going up, until then we still in a downtrend.

PS: i have a bag of ETC, i still believe in this coin... yet, this isnt the best price to buy.

What is your basis for that statement? Why the 270k satoshi line? Why not the 250k satoshi line?

There is a pump in ETC now but I speculate it will continue to be flat or go down after this. It is only moving up because there are people taking advantage of the news that the ETC from the white hat hackers will be transferred to a withdraw contract. After that good news has died down what will be next? The miners will still continue to sell their coins down in the market.

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[codehtcmail]

Monero is pumping now, I never seen 2 altcoins pump at the same time.

[Calabi–Yau Manifold]

https://www.tradingview.com/chart/ETCBTC/PAsGsOcd-ETC-inv-HS-bullish-scenario/#tc443571

[Divinespark]

Any strategy built on assuming that the attacker will not sell his coins soon is dangerous. The absence of apps and significant dev activity is more critical and worrying.

[greenuser]

Nice tweet!
https://twitter.com/eth_classic/status/772043760071012352

Introducing https://minebox.io/
the first commercial Dapp developed on the ETC blockchain!
Buh Bye Dropbox...



 

[robstak]

Nice tweet!
https://twitter.com/eth_classic/status/772043760071012352

Introducing https://minebox.io/
the first commercial Dapp developed on the ETC blockchain!
Buh Bye Dropbox...



 

That's a good news, hoping to see more ETC Dapp's in the future.

[CraigWrightBTC]

I think yes, ETC will pump hard because the area of support on poloniex about 0.0018 up to 0.0023 BTC and never going more down, and today ETC's price start going up on poloniex although a little.

[Vlad2Vlad]

Etc should have a monster run after they accumulate.

[bbc.reporter]

Any strategy built on assuming that the attacker will not sell his coins soon is dangerous. The absence of apps and significant dev activity is more critical and worrying.

This. the question is how will the attacker sell his coins? The exchanges will surely freeze them once he makes a deposit. His address is public located here https://gastracker.io/addr/0x5e8f0e63e7614c47079a41ad4c37be7def06df5a

You can follow his movements in real time. He also recently donated 1000 ETC to the development team of ETC.

[robertkedves]

I feel like whales have been accumulating all the way down. We have big whales invested in ETC. The hacker will not dump since it would be too obvious and raise alarms to the feds if he moves big volumes, also he hates Vitalik and he wants to make money so it should be clear a pump should happen. Also a lot of people fear a dump, so doing the opposite could be a good strategy.

ETC is only a response because of the hard fork and sooner or later will crash really hard, maybe with a biiig pump before.

[altseeker]

I feel like whales have been accumulating all the way down. We have big whales invested in ETC. The hacker will not dump since it would be too obvious and raise alarms to the feds if he moves big volumes, also he hates Vitalik and he wants to make money so it should be clear a pump should happen. Also a lot of people fear a dump, so doing the opposite could be a good strategy.

ETC is only a response because of the hard fork and sooner or later will crash really hard, maybe with a biiig pump before.

With the kind of support ETC si getting the crash you are predicting is very unlikely.

[bbc.reporter]

@altseeker. Do not discount the fact that ETH and ETC are pulling each other down right now. So instead of both of them fighting each other it would be better for them to work together for the common good.