Any idea what price is the floor once the support has been pulled out by the whales? I'd love to get myself back since I sold at 800k sats thinking that there will be some sell-offs but instead, it pushed itself higher.
Whales use the charts too. So by analyzing the candlestick patterns on the zoomed-out timeframe chart, you can figure out where they most likely would crash the price to, & a relatively safe re-buy area to accumulate again before it bounces. Right now for ETH, this means .0089 to .00965 for short-term dumps.
For longer-term (requires some kind of big FUD rumors/problems with devs going viral on Reddit, panic ensuing, etc - of course temporary, but yea), look to .00785 to .0065 strict minimum - last time the dumps went to .00485, and on subsequent run-up's the correction retracements went barely to .0064 from .007's, so that establishes .0064-.0066 as a very strong longer-term support.
I would not count on getting to buy any down there anymore unless there is a catastrophic PR fallout though. "Whales dumping their load" on the #1 alt since 2013 (it just took until late '15 to finally be 'ready' & a bit polished..) simply does not bring something like ETH down that much.
This isn't DASH - Some centralization (masternodes), some code differences from BTC, but overall same exact purpose & concept, except w/ added built-in anonymization, and a load of hype from Evans - No. One can easily see, w/ <those elements, how DASH can go from .006 to .026 then right back down there - it's that uncertainty from "Well..do we REALLY need this if we already use Bitcoin..?" With ETH, that question gets a different answer.
Can someone explain in simple words what is homestead?
First stable release of Ethereum network. Frontier was first experimental release. Homestead will be just an upgrade.
Think of it in terms of Windows. Win XP, Win Vista, Win 7, etc.. In Ethereum it's Frontier, Homestead, Metropolis, Serenity.
Ty. Very useful info - it's basic I know, but I never knew, been wondering about what all that hype about "Homestead ;o ..." had all been about, for weeks now <3