ELECTRONEUM SPECULATION THREAD

[karmakeddon]

does anyone here mine electroneum with their phones?

No until the wallets and coins are not released you can't mine etn on your phone you can do mining by pc it's profitable now especially etn is on pump

Correct. It will be a week or two before wallet goes live as this was the expected time table that was provided by Richard and the Hacker One team. However, once wallet gets released. A lot will surely dump. Most of them whales, who have been waiting for a month to do this and also a lot of newer investors who might have been disillusioned due to the hiccup.

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[bircoin]

Right now mining is 2-3 times more profitable than Ethereum. Now if you do mining and keep it. It will be profitable in the future.

[404Revolution]

Sure a lot may get sold but I think it's important to realize the market might price you out if you try this. Sure you might think you can sell your ETN ico coins to fund some other trade then shuffle back into etn at the bottom but timing markets can be difficult. If everybody who sells plans to buy back there won't be as much of a prolonged dip as many are claiming there will be.

[callkiller]

Sure a lot may get sold but I think it's important to realize the market might price you out if you try this. Sure you might think you can sell your ETN ico coins to fund some other trade then shuffle back into etn at the bottom but timing markets can be difficult. If everybody who sells plans to buy back there won't be as much of a prolonged dip as many are claiming there will be.

This makes a lot of sense

[fayrouz]

Right now mining is 2-3 times more profitable than Ethereum. Now if you do mining and keep it. It will be profitable in the future.

Great. thanks for the info.

[CryptoX006]

Well, todays price rise was because you couldn't deposit etn from mining pools. As soon as depositing coins started working, price fell. Imagine what would happen when angry ICO investors start to dump their coins

Angry ICO investors, where? Angry because of the x12 return? Most of these "angry" investors would do well to step back from crypto alltogether. The price is this high because there are no wallets. I hope that in february the wallets are still locked and that the price goes up to 0.50$. After the wallet release people will remember the high price = $$.

[iwouldntknow]

Well, todays price rise was because you couldn't deposit etn from mining pools. As soon as depositing coins started working, price fell. Imagine what would happen when angry ICO investors start to dump their coins

Angry ICO investors, where? Angry because of the x12 return? Most of these "angry" investors would do well to step back from crypto alltogether. The price is this high because there are no wallets. I hope that in february the wallets are still locked and that the price goes up to 0.50$. After the wallet release people will remember the high price = $$.

Lol.  There is no 12x return when you can't sell your coins because you're locked out of your wallet.  So yes, I bet there are some angry people.

[gsanjin]

Well, todays price rise was because you couldn't deposit etn from mining pools. As soon as depositing coins started working, price fell. Imagine what would happen when angry ICO investors start to dump their coins

Angry ICO investors, where? Angry because of the x12 return? Most of these "angry" investors would do well to step back from crypto alltogether. The price is this high because there are no wallets. I hope that in february the wallets are still locked and that the price goes up to 0.50$. After the wallet release people will remember the high price = $$.

It's not 12x return, BTC more than doubled for those more than month And during that time traders had a chance to trade many times. But lets not speak about "It will be" and "It is planned", there was too much that speak during last month. Let's see what planned and promised for 01.11. is already done until today, 05.12. ...

And trust me, for so many reasons I also wish ETN $1, I would be maybe more happier than you But for coin with 21bln supply, hardly.

EOD - have to mine and trade more etn

[CryptoX006]

You can sell ETN at 0.11$ when the wallets are released, unless you can't act quickly enough. When you can't act quickly enough - stay away from crypto's.. This is about making money and psychology. People got scared away because it was said that it wouldn't go past 0.03$ ever. It does not really matter if you can't acces your coins - the graph already shows 0.115$ and it will remind people after the dump.

I rather have the wallets unlocked later than planned (while ETN keeps rising) instead of another hack every week which happens to many coins. And oh - this all didn't stop people buying ETN for 11 cents anyways.  I know that most people on this forum expect ETN to go to 0.0001. Sorry guys it ain't gonna happen.

[stfN2128]

Well, todays price rise was because you couldn't deposit etn from mining pools. As soon as depositing coins started working, price fell. Imagine what would happen when angry ICO investors start to dump their coins

Angry ICO investors, where? Angry because of the x12 return? Most of these "angry" investors would do well to step back from crypto alltogether. The price is this high because there are no wallets. I hope that in february the wallets are still locked and that the price goes up to 0.50$. After the wallet release people will remember the high price = $$.

It's not 12x return, BTC more than doubled for those more than month And during that time traders had a chance to trade many times. But lets not speak about "It will be" and "It is planned", there was too much that speak during last month. Let's see what planned and promised for 01.11. is already done until today, 05.12. ...

And trust me, for so many reasons I also wish ETN $1, I would be maybe more happier than you But for coin with 21bln supply, hardly.

EOD - have to mine and trade more etn

maybe it`s hard, but possible anyway... just have a look on iota, nothing is impossible in the cryptoworld. we just have to be patient and lets see whats happening

[contraband]

Sure a lot may get sold but I think it's important to realize the market might price you out if you try this. Sure you might think you can sell your ETN ico coins to fund some other trade then shuffle back into etn at the bottom but timing markets can be difficult. If everybody who sells plans to buy back there won't be as much of a prolonged dip as many are claiming there will be.

Correct

People are missing the fact that everyone is still talking about buying, and most are waiting and we have 7 million in volume a day lately

[gedtke]

Consider that there are only a few coins out there at most 1 billion !

If the wallets get released alot of people will dump and we have 6 billion coins out there! So I think the Price will go down to about 2 or 3 ct and then rising slowly to 20ct Atleast is that what I hope.

But if they are doing what they promise, it should be no problem to even reach 1 $ one time

[cafetools]

There are 6x more investors in this pdoject. That means whales don't control it. That means this coin will have mass adoption like bitcoin.

[groko271]

the daily trading volume on this coin is massive considering so many wallets are locked and its only listed on a single exchange. Can't wait for the re-release of the APP, all wallets are unlocked and the project hits the free market successfully. I dont think there will be as massive a dump as the disgruntled current holders (locked out) are saying. I have a suspicion that many will continue to hold to see how the project runs over the first few months. Only stupid short sighted current holders will sell for their few penny's they will have made.

Like it or loath it, Its an exciting project. I just wish they'd get their shit together, fix it release it and get it happening asap!

[contraband]

You can sell ETN at 0.11$ when the wallets are released, unless you can't act quickly enough. When you can't act quickly enough - stay away from crypto's.. This is about making money and psychology. People got scared away because it was said that it wouldn't go past 0.03$ ever. It does not really matter if you can't acces your coins - the graph already shows 0.115$ and it will remind people after the dump.

I rather have the wallets unlocked later than planned (while ETN keeps rising) instead of another hack every week which happens to many coins. And oh - this all didn't stop people buying ETN for 11 cents anyways.  I know that most people on this forum expect ETN to go to 0.0001. Sorry guys it ain't gonna happen.

Smart. Great points!!

There are MANY factors to consider.

-one of the biggest Telegram Groups on the planet.

-most number of investors in an ICO, in crypto history!!!

-around 15% of Bitcoins usersbase, NOW, before full launch

-larger exchanges coming soon

-partnerships still not announced yet

80+ million war chest

-mobile mining experience that will realize VIRAL GROWTH

-Most experienced marketing team ever attached to a crypto

-Devs are marketers that specialize in online viral growth

-Dev team survived a Botnet attack -Zero loss of coins

-Many investors used previously hacked passwords -Zero loss

-Hackerone.com brings confidence in security

-many investors are new to crypto and are not looking for just 5-10x

-experienced crypto investors are not as stupid as many think, as they are not all just going to dump their coins when a project of this magnitude just released the coins

-when everyone is planning to "buy on the dump", MOST ARE STILL PLANNING TO BUY. When everyone plans to BUY on the dip, much of a dip rarely occurs. Based on what I have heard OVER and OVER this is EVERYONES PLAN. When EVERYONE plans to buy on the dip, not much of a dip will occur. This plan only works when you are one of a few with this plan. Everyone cant do it, markets just dont work this way.

-There are many out there that believe this will EASILY HIT $1-$2, and I mean 10s of thousands (See: Twitter, Youtube, Facebook, Telegram).These people will be fine with 7-8 cents. When everyone "waiting for the dip" sees this, they will quickly lose confidence that their 3-5 cent buy orders will be filled, and stop trying to save a few cents, when THOSE PEOPLE believe that $1-$2 is imminent early next year.

-a dip is likely, just not as deep as most think, with 10s of Thousands lined up to buy, the dip gets smaller and smaller with each buyer watching with their finger on the button to buy.

-Do you really think a guy like Richard Ells doesnt see this possibility coming and have a counter-strategy in place?

-yes 5 Billion coins will hit the market at once, but most wont sell at day one. Think to yourself what percentage you think will sell, and they multiply that by the percentage of their coins they will sell, and then do the math on how many buyers are there, AND THEN TAKE INTO ACCOUNT ALL THE POINTS LAID OUT ABOVE.





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I AM NOT POSTING THIS TO "PUMP THE COIN"

I AM LAYING OUT THESE POINTS TO GIVE PEOPLE ALL THE INFO OUT THERE, SO THEY CAN MAKE AN INFORMED DECISION AS TO IF THEY REALLY WANT TO SELL, AND TURN AROUND AND SET A BUY ORDER AT 5 CENTS, AND THEN GO TO BED.

[Alanin]

Just dump it down to 0.2-0.3 already.

[RayX12]

Someone was pumping the coin with 7 BTC.  Interesting.. seems like small whales are starting to support the price.
lets see where this goes..
mining is going back up so we could see a price increase again..

[jyakulis]

i thought this was such a shitcoin but money is money.

put my vega miner on it.

still 600 sat for this is laughable to me. but the volume is there. who knows?  

[McKinseyC]

Price fixed 0.09-0.1 dolars. Doenst change aganist BTC .

[Alanin]

HackerOne finally gave the green light. And deemed it unhackable.
How much do you think the price will increase now??
It already went up by 10% the last 1-2 hours