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Author Topic: ETC price jumps today  (Read 1040 times)
Savik (OP)
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August 23, 2017, 06:03:47 PM
 #1

Anyone know why? Some sort of news or developments? Is this worth riding?

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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August 23, 2017, 07:28:29 PM
 #2

Anyone know why? Some sort of news or developments? Is this worth riding?

News articles speculate that it could be because of South Korean interest. The news initially began as twitter chatter and has then been picked up by cryptocurrency publications.


https://cointelegraph.com/news/suddenly-ethereum-classic-price-explodes-25-on-south-korea-rumors
Savik (OP)
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August 23, 2017, 08:35:01 PM
 #3

Ahhh, interesting. I thought maybe ETC was finding a way to overthrow ETH as the king of ethers  Tongue

https://grayscale.co/wp-content/uploads/2017/08/Grayscale-Ethereum-Classic-Investment-Thesis.pdf

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August 23, 2017, 10:00:35 PM
 #4

Most coins going up today, it's just a good day with positive news for the market in general, like Estonia looking to issue its own cryptocurrency:
https://medium.com/e-residency-blog/estonia-could-offer-estcoins-to-e-residents-a3a5a5d3c894
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August 23, 2017, 11:50:37 PM
 #5

Ahhh, interesting. I thought maybe ETC was finding a way to overthrow ETH as the king of ethers  Tongue

https://grayscale.co/wp-content/uploads/2017/08/Grayscale-Ethereum-Classic-Investment-Thesis.pdf
But it won't. The ethereum classic has no idea to take over the real ethereum. That doesn't make sense the real ethereum king will overthrow by the forked coin. ETC just kid coin like another altcoin. But ripple was better than ETC in this time.

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August 24, 2017, 06:05:58 AM
 #6

Ahhh, interesting. I thought maybe ETC was finding a way to overthrow ETH as the king of ethers  Tongue

https://grayscale.co/wp-content/uploads/2017/08/Grayscale-Ethereum-Classic-Investment-Thesis.pdf

That is a very tough ask. ETH has got the big backers and developers. So that is where all the action will be. ETC holders are the idealists who are still holding on to the concept of purity. Not much use in this pragmatic world.  Smiley
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August 24, 2017, 07:14:44 AM
 #7

Why don't you buy now when it is low and when there's not much interest for ETC?This is perfect time for this and next stop is price recovering to 600k maybe even higher. What do you think how whales manages with those pumps, they are accumulating now, and when price start to rise they are full. Look at the chart, we are going up again! I'm in! Cool
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August 24, 2017, 07:40:53 AM
 #8

Why don't you buy now when it is low and when there's not much interest for ETC?This is perfect time for this and next stop is price recovering to 600k maybe even higher. What do you think how whales manages with those pumps, they are accumulating now, and when price start to rise they are full. Look at the chart, we are going up again! I'm in! Cool
I agree that today is a very good time to buy ETC. Even 700-800k sats are quite possible for ETC. Reason why etc price drop was raise in btc. Now btc is more or less stable. Nobody expect a fast drop or raise nowadays. So i believe volume and price of etc will start raising very soon.

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August 24, 2017, 07:45:05 AM
 #9

Anyone know why? Some sort of news or developments? Is this worth riding?
ETC jumping of the price whether for good or short term can be taken for advantage. SOmehow, we need to be wary because it is still not to overcome ETH. ETC is only second to real eth.
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August 24, 2017, 07:49:10 AM
 #10

Anyone know why? Some sort of news or developments? Is this worth riding?
that good news to all ETC holder congrats and goodluck i hope the pumping is continue same with bitcoin, manny altcoins holders are worrying about the dump of all coins, but i expect the altcoin are go uprise again because the king of coins the bitcoin keep increasing and stable the price value depends of the escrow.
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August 25, 2017, 02:49:40 PM
 #11

ETC is very good opportunity, and without doubt we can say it is very undervalued now! Same goes with Stratis which are main opponents of ETH. Better hold them just in case, or buy them now when they are at bargain prices. This is not a downtrend this is suppressing of the price!
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August 25, 2017, 03:00:45 PM
 #12

ETC is very good opportunity, and without doubt we can say it is very undervalued now! Same goes with Stratis which are main opponents of ETH. Better hold them just in case, or buy them now when they are at bargain prices. This is not a downtrend this is suppressing of the price!
Stratis has come with innovative idea which the etc just comes from forked of ethereum network due to the DAO fail project. That was a different reason to be implemented in each others, ETC worsth than stratis.
You can see it now. How the etc going down everytime.

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August 25, 2017, 04:42:36 PM
 #13

At what price would you buy ETC?

HTracer
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August 25, 2017, 05:35:22 PM
 #14

It's about Ethereum Classic Investment Trust. They are spinning upcoming event.
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August 25, 2017, 05:39:10 PM
 #15

I do not see how this is jump? https://www.coingecko.com/en/price_charts/ethereum-classic/usd

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August 25, 2017, 06:40:05 PM
 #16

ETC pump hasn't even got started yet.

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August 25, 2017, 06:42:17 PM
 #17

Anyone know why? Some sort of news or developments? Is this worth riding?

Every day, there is one or two coin with big price jump. The price will drop soon.

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August 25, 2017, 08:35:02 PM
 #18

But it won't. The ethereum classic has no idea to take over the real ethereum. That doesn't make sense the real ethereum king will overthrow by the forked coin. ETC just kid coin like another altcoin. But ripple was better than ETC in this time.
The classic could be a kid now but when it comes to new projects i dont see any problems for now unless there is an array of projects coming up with their platform,the team has announced an upgrade and may be so is the reason you saw some interest in the coin and the price moved a bit,i dont see much of a rally in this coin for now.
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August 25, 2017, 08:38:58 PM
 #19

Wow though look at the buy wall

https://bittrex.com/Market/Index?MarketName=BTC-ETC

It's gonna pop this weekend.
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August 25, 2017, 08:58:12 PM
 #20

But it won't. The ethereum classic has no idea to take over the real ethereum. That doesn't make sense the real ethereum king will overthrow by the forked coin. ETC just kid coin like another altcoin. But ripple was better than ETC in this time.
The classic could be a kid now but when it comes to new projects i dont see any problems for now unless there is an array of projects coming up with their platform,the team has announced an upgrade and may be so is the reason you saw some interest in the coin and the price moved a bit,i dont see much of a rally in this coin for now.

I think the Koreans are gonna pick it up we'll see though eh? They really haven't touched it yet.
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