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Author Topic: Ethereum spoofing speculation signs of Pump & Dump?  (Read 93 times)
JustTwo
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November 04, 2017, 11:22:53 AM
 #1

I've been observing ETH in the last two weeks (since I short-sold some). Compared to all other coins, this one has the longest and most resilient effort of spoofing I've ever seen.

Basically, buy orders worth hundreds or thousands of ETH are placed about 1 dollar under the last price. These orders are removed and replaced every 15 to 30 seconds. --- This is just normal spoofing. But this much effort is impressive.

For several times, including yesterday, a huge buy order goes above the last price and buys everything and the order gets replaced every 15 to 30 seconds with a even higher price. --- This is just normal pumping.

Then, there is speculative news about Amazon, which ostensibly registered yet another website. For this, the price of ETH jumps.

In my opinion, ETH has become a classic pump & dump. People who say it may be a good idea to invest in it after the bitcoin fork, be careful! It will probably go up, for a few hours, and then the final dump will come.

ETH is on its last leg of the Elliot waves. Fibonacci retracement suggests 100 to be the final support. This is a high risk coin. I would stick with bitcoin or at least an altcoin that hasn't been pumped.
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Lucacrebbe
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November 04, 2017, 06:01:59 PM
 #2

I disagree... ETh  still has   a 500$/600$   of  value  in the next future, then  it  could  be  replaced  if it does not solve scaling problems.

Basically is the  bitcoin of  the smart contracts platforms: there  are  better alternative, but  is still the strongest



TwSeventh
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November 04, 2017, 07:25:51 PM
 #3

many people speculated like you did,
but if you ever heard about 'transition' that will happen with it,
in the future Ethereum still has a lot room to grow and basically it's the biggest one after Bitcoin.
also you're doing a research for the past 2 weeks and already made a conclusion ?
you can not do that because you need to see it in the bigger picture.
at least for now Ethereum will not become a classic pump and dump,because it's proven its worth other than else.

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