[ETC] Ethereum Classic Speculation

[shanem]

I still stick to my belief that ETC has a higher chance of going below 0.001 btc than going above 0.002 btc in the short term. All altcoins are going to be down till after Christmas as whales are selling their overvalued coins and getting into BTC. BTC has a good chance of going to 800 dollars after staying above 600 dollars for a long time. It doesn't matter whether you support ETH or ETC. Both coins are going to go down.

[gijoes]

ETC community successfully implemented GasReprice hardfork:
https://www.reddit.com/r/EthereumClassic/comments/599kmf/etc_community_successfully_implemented_gasreprice/

[malekbaba]

I still stick to my belief that ETC has a higher chance of going below 0.001 btc than going above 0.002 btc in the short term. All altcoins are going to be down till after Christmas as whales are selling their overvalued coins and getting into BTC. BTC has a good chance of going to 800 dollars after staying above 600 dollars for a long time. It doesn't matter whether you support ETH or ETC. Both coins are going to go down.

if we consider ETH/ETC , ETC wins. It is only my personal opinion. Very good price movement in polo today. Great volume for ETH, mainly. People will buy ETH, buy wall is strong.

[Greenenergy]

Both ETC and ETH bite the dust the hard way because of the combinated effect of ZCash and Bitcoin. ETH did it an harder way though.

[Azael]

I believe that smart contracts is a strong trend but were accompanied with the misconception that they were unbreakable and once this misconception became undeniable the bubble bust.

Feedback loops work in both directions but downtrends have a tendency towards equilibrium and this means that if developments remain insignificant then no new bubble will begin as smart contracts are still the prevailing crypto trend despite market movements.

However, bearish conceptions and misconceptions about HFs with ETH/C dominates the market participants perceptions which means it will get much worse as it becomes reinforced by new HFs.

The first ETH HF showed how vulnerable investors are to developers of altcoin projects as they are insignificant to the process of HF despite being the owners.

Developers apply their technological perspective to markets and blame speculators for movements, but speculators see a perceived misconception they can profit off in either direction.

The way the ETH/C downtrend ends is by “regulation” of its HFs otherwise the very core propositions of smart contracts and altcoin projects remain susceptible to confidence games thus unstable markets.

And with developers of ETH/C applying their technological perspective that a HF is always for the good of everybody to markets and the market is wrong when they think so, a short position in ETH/C prior to HFs are sound as long as this remains true and the aforementioned conditions remain unchanged.

The ‘prior’-to-HFs makes this trade idiot-proof with the exception if Bitcoin declines during which the short position is taken so when to take the position should relate to risk appetite and understanding of Bitcoin markets.

A “stable" Bitcoin market would reveal if my hypothesis is true or false when applied to ETH/C markets but a surging or declining Bitcoin market would not.

[Raja_MBZ]

Oh wow, it has declined to less than even $0.75... Pretty surprising, but now I'm surely going to buy a whole lot of it. It'd be recovering it with small bumps hopefully soon.

[Raja_MBZ]

Oh wow, it has declined to less than even $0.75... Pretty surprising, but now I'm surely going to buy a whole lot of it. It'd be recovering it with small bumps hopefully soon.

It was pretty good speculation by me... ETC now back at $0.825 and ready for more.

[Azael]

I believe that smart contracts is a strong trend but were accompanied with the misconception that they were unbreakable and once this misconception became undeniable the bubble bust.

Feedback loops work in both directions but downtrends have a tendency towards equilibrium and this means that if developments remain insignificant then no new bubble will begin as smart contracts are still the prevailing crypto trend despite market movements.

However, bearish conceptions and misconceptions about HFs with ETH/C dominates the market participants perceptions which means it will get much worse as it becomes reinforced by new HFs.

The first ETH HF showed how vulnerable investors are to developers of altcoin projects as they are insignificant to the process of HF despite being the owners.

Developers apply their technological perspective to markets and blame speculators for movements, but speculators see a perceived misconception they can profit off in either direction.

The way the ETH/C downtrend ends is by “regulation” of its HFs otherwise the very core propositions of smart contracts and altcoin projects remain susceptible to confidence games thus unstable markets.

And with developers of ETH/C applying their technological perspective that a HF is always for the good of everybody to markets and the market is wrong when they think so, a short position in ETH/C prior to HFs are sound as long as this remains true and the aforementioned conditions remain unchanged.

The ‘prior’-to-HFs makes this trade idiot-proof with the exception if Bitcoin declines during which the short position is taken so when to take the position should relate to risk appetite and understanding of Bitcoin markets.

A “stable" Bitcoin market would reveal if my hypothesis is true or false when applied to ETH/C markets but a surging or declining Bitcoin market would not.

Rumours on a HF because of the Geth consensus flaw caused ETH/C to drop double digits in percentages the same day it occured. False positive? Possible and we'll see when a HF occurs. There will be different paces by planned vs unplanned HFs but under current conditions of HFs both are predicted bad for price by this hypothesis.

Interestingly if ETH were to become the number one cryptocurrency the accepted fundamentals of cryptocurrency would change.  Did you think about that? A lot of investment into ETH would alter the perception of totalitarian HFs into being regarded as 'true'.

[vlom]

Both ETC and ETH bite the dust the hard way because of the combinated effect of ZCash and Bitcoin. ETH did it an harder way though.

for now that is true. but this will change. BTC price will go down. And after the ZEC-slow-start has ended ZEC will go down and a lot of other coins will go up again.

[gijoes]

for now that is true. but this will change. BTC price will go down. And after the ZEC-slow-start has ended ZEC will go down and a lot of other coins will go up again.

ZEC price crash-landed, ZEC trading volumes on Polo fall below ETC.

[gijoes]

Good update on ETC developments: https://steemit.com/ethereum/@finpunk/ethereum-classic-gets-more-interesting-more-developers-and-a-new-monetary-policy

[coinling]

Is there any big community around ETC anywhere ?
Reddit seems to be quite dead.
https://www.reddit.com/r/EthereumClassic/comments/5ixg1t/do_you_have_a_cool_ethereum_classic_application/

[Westfiled]

Is there any big community around ETC anywhere ?
Reddit seems to be quite dead.
https://www.reddit.com/r/EthereumClassic/comments/5ixg1t/do_you_have_a_cool_ethereum_classic_application/

Just some whales want to pump and dump.

[bbc.reporter]

Many people in the community have an anchoring bias when it comes to Ethereum classic. They will tend to think or hope that the rise of ETC will be the same as the rise of ETH when it went from $.050 to $20.00 in 3 months. That will not be possible for ETC anymore simply because there are already bagholders who are ready in dumping their bags.

[btcdiggingmaster]

See the price is moving completely because there are developments being made bu the admin, Many improvements will done when admin is more active and is communicating in any other forms but definitely there will be big impact of changing the price. But if really bitcoin price goes down definitely there will be big pump on both ETC & ETH.

[Westfiled]

See the price is moving completely because there are developments being made bu the admin, Many improvements will done when admin is more active and is communicating in any other forms but definitely there will be big impact of changing the price. But if really bitcoin price goes down definitely there will be big pump on both ETC & ETH.

maybe just the ETH.

[gijoes]

Is there any big community around ETC anywhere ?
Reddit seems to be quite dead.
https://www.reddit.com/r/EthereumClassic/comments/5ixg1t/do_you_have_a_cool_ethereum_classic_application/

Most of ETC community hangs out at Slack: https://ethereumclassic.herokuapp.com/

Reddit sub proved to be difficult because ETH zealots run non-stop troll and downvote-brigading against it for many weeks, which were difficult to defend against due to Reddit policies. So, most of the community migrated to Slack which is much more active, with 1500+ users.

[gijoes]

See the price is moving completely because there are developments being made bu the admin, Many improvements will done when admin is more active and is communicating in any other forms but definitely there will be big impact of changing the price. But if really bitcoin price goes down definitely there will be big pump on both ETC & ETH.

Most important development is in development. ETC team is choosing different path from ETH, focusing on security and functional approach: https://ethereumclassic.github.io/blog/2016-12-12-TeamGrothendieck/

[juras54]

etc It must be kept, equal to the price eth

[bbc.reporter]

See the price is moving completely because there are developments being made bu the admin, Many improvements will done when admin is more active and is communicating in any other forms but definitely there will be big impact of changing the price. But if really bitcoin price goes down definitely there will be big pump on both ETC & ETH.

Most important development is in development. ETC team is choosing different path from ETH, focusing on security and functional approach: https://ethereumclassic.github.io/blog/2016-12-12-TeamGrothendieck/

Another funny way of looking at the ETC - ETH situation is that the developers, who are willing to put in the time with Ethereum classic, are the ones who are really saving the platform. What started as a scam from Vitalik became a passion project for a small group of underfunded people.