ETH connected with MLM while Bitcoin losing on marketcap share

[hl5460]

As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.

Is this another classic pump and dump trick? Probably not.
ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

[1714918533]

1714918533

[talkbitcoin]

Is this another classic pump and dump trick? Probably not.

ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

you should have said it probably is.
and if you ask me i say it definitely is a pump and dump like any other times before. and bitcoin is the reason why! the fight over block size is opening up room for so much FUD and was the ground work for the pumps.

interesting stuff on ethereum though...

[pedrog]

Interesting stuff, last time litecoin was used in a pyramid scheme value increased 4x, even scammers now choose other currencies over bitcoin, bitcoins dominance as never been lower than todays.

Ethereum may become the dominant currency in the coming years.

[Victorycoin]

There is nothing new to that - every once in a while, we hear of this and that coin being the killer coin to take Bitcoin to the cleaners, but Bitcoin is almost priced at over $1200 today. It is certainly okay to also have other coins that are doing pretty well, but there is yet to be a replacement for Bitcoin in sight.

[Wapinter]

The Ethereum connection with pyramid scheme indicates big whales are planning to pump it but there is also remarkable increase in some good projects based on Ethereum platform which could lead to ETH price increase.

[naughty1]

As far as I know, ETH is growing at an awful level, in a very short time, its value has increased fivefold. This is terrible, and it is also a great reward for those who have put their trust in ETH. It is popular with everyone, and is more popular than bitcoin. It is hard for me to believe this. I used to have the intention of reserving ETH, but I was delayed, unfortunately, however, currently I can not invest in it, when it is having too much value, I see a lot of risk . I will not risk.

[aarturka]

why in bitcoin discussion about altcoin? eth capitalization is fake

[Red-Apple]

why in bitcoin discussion about altcoin? eth capitalization is fake

because the main purpose of altcoin (ethereum in this case) is to get pumped and then help those of us who invest before pump and dump on the top have more bitcoin.

[randy8777]

Interesting stuff, last time litecoin was used in a pyramid scheme value increased 4x, even scammers now choose other currencies over bitcoin, bitcoins dominance as never been lower than todays.

Ethereum may become the dominant currency in the coming years.

you clearly don't understand what the purpose of choosing altcoins is. bitcoin isn't an asset that can increase in value like 3-4× within a very short amount of time due to its size. and that's exactly why altcoins are a preferred option for whatever 'high level' scam artist. what matters for them are the profits, and that's it.

[Sled]

As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.

Is this another classic pump and dump trick? Probably not.
ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

I think it is okay for bitcoin to lose some volume in the market because that is normal for a cryptocurrency because we can't deny that there is a lot of competitors for bitcoin such as altcoins like ethereum but if we look and base in long term then that kind of scenario will be worthless because bitcoin will win after a few years because it is already tried and tested by other people and bitcoin doesn't need MLM to just gain volume unlike altcoins.

[serjent05]

As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.

Is this another classic pump and dump trick? Probably not.
ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

I think it is okay for bitcoin to lose some volume in the market because that is normal for a cryptocurrency because we can't deny that there is a lot of competitors for bitcoin such as altcoins like ethereum but if we look and base in long term then that kind of scenario will be worthless because bitcoin will win after a few years because it is already tried and tested by other people and bitcoin doesn't need MLM to just gain volume unlike altcoins.

I agree, the world is revolving, so there will be some changes, uos or down in every market.  It is no surprise if some altcoin will increase by x% and others decrease by y%.  People are trading, and of course whales are pumping.  So definitely if a coin was the one being pumped it will get the highest market increase and this time it was DASH.

[Xester]

As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.

Is this another classic pump and dump trick? Probably not.
ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

I have heard that Ethereum has a tie up with some MLM companies and they are also have many projects and activities as to how to get Ethereum into the public. That is not shocking since Ethereum is not decentralized and the people behind it are big whales in the economic sector and so marketing of Ethereum is easy. I have heard of Ads Cash recently giving away free 100$ per sign up and they say that they are related to Ethereum I am not sure if it is one of the MLM stuff of Ethereum but that company claims to be so.

[Sundark]

Ethereum linked to MLM? While there is no definite proof we can't deny this possibility. I wonder when will people realize that only Bitcoin can give us economic freedom. Altcoins are too suspicious ETH, DASH, RIPPLE every single one of them is centrally controlled. If you choose altcoin you are expecting rapid growth (and at some point dump), with bitcoin it is steady, long term surely gain.

[jonald_fyookball]

why in bitcoin discussion about altcoin? eth capitalization is fake

Because the longer Bitcoin goes without scaling, the more marketshare it will lose to altcoins and the more likely it will become to lose its dominant status.

We want to avoid that right?

[gribble]

As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.

Is this another classic pump and dump trick? Probably not.
ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

Also ethereum doesn't has maximal supply, it is strange for me until the price of ethereum going up much
I don't want make opinions too much about this problem,
because I don't have any proof about it, and i am waiting until ethereum goes to PoS
what will happen with this coin.

[pedrog]

Interesting stuff, last time litecoin was used in a pyramid scheme value increased 4x, even scammers now choose other currencies over bitcoin, bitcoins dominance as never been lower than todays.

Ethereum may become the dominant currency in the coming years.

you clearly don't understand what the purpose of choosing altcoins is. bitcoin isn't an asset that can increase in value like 3-4× within a very short amount of time due to its size. and that's exactly why altcoins are a preferred option for whatever 'high level' scam artist. what matters for them are the profits, and that's it.

More like nobody wants to deal with "my transaction doesn't confirm" avalanche of users complaining. 

[aardvark15]

Is this another classic pump and dump trick? Probably not.

ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

you should have said it probably is.
and if you ask me i say it definitely is a pump and dump like any other times before. and bitcoin is the reason why! the fight over block size is opening up room for so much FUD and was the ground work for the pumps.

interesting stuff on ethereum though...

Or is it possible that Bitcoin has gotten so expensive that people are looking at good alternatives? Etherium is still a lot cheaper than Bitcoin or Dash. And I could see an environment where we had 3 or 4 coins used at the same time because of the high price and scarcity of Bitcoin.

[SONG GEET]

Everybody is creating hype about ETH and DASH right now but there is no any good reason to support this high pumps, it was only triggered by decision of SEC against bitcoin ETF. This pump can't last longer, so creating some short position could be wise decision.  

[Arcteryx]

Connecting it to a ponzi scheme will put out the fires fast on it's fast growth lately because this is what caused the locking of withdrawals in the Chinese exchanges due to the government doing investigations after busting a multi million dollar ponzi scheme within those exchanges.

[megynacuna]

Interesting stuff, last time litecoin was used in a pyramid scheme value increased 4x, even scammers now choose other currencies over bitcoin, bitcoins dominance as never been lower than todays.

Ethereum may become the dominant currency in the coming years.

Ethereum can never dominate Bitcoin, it would have already if it could. These are market gimmicks and ethereum is really being pumped and I urge all to be careful before they loose from a potential pyramid scam.