[ANN] Ethereum: Welcome to the Beginning

[profitgenerator212]

Eth is pretty much getting hammered right now, I expect it to go down to 200 USD.

It's not ETH's fault, it;s just these cowboy speculators that  trade on Coinsbase or other centralized exchages. They can easily swap coins back and forth into fiat, while we the true ETH holders who have out ETH outside exchanges, take the hits.

Fkin fiat traders 

I think the short term price fluctuation is not a worry. As long as there are more usages, that is fine.

Hmm looks like I was right about the ETH crash , I think it will go further down to 200$.

And what you think will happen next? Im loaded with ETH, starting to feel little uncomfortable

It is my opinion that this is the best course of action to maintain purchasing power (written 3 days ago):

https://steemit.com/money/@profitgenerator/profit-from-crypto-crash


I have already talked about this 8 days ago when the ETH price was still ~380$

https://steemit.com/money/@profitgenerator/what-to-do-in-a-price-crash


So if people had done this they could have saved ~100% of their purchasing power, while also profiting when ETH will go up again 

[fastrackcrypto]

Expect a big fall tonight.[250]

expect a huge pump tonight (600)  

I told you ..and this is just the begining.Expect 3400/btc and 220ETH.


China.

[Fargusson]

French insurance company AXA launches Fizzy, a new kind of flight delays insurance powered by the Ethereum blockchain.

[profitgenerator212]

French insurance company AXA launches Fizzy, a new kind of flight delays insurance powered by the Ethereum blockchain.

Sounds interesting. I always had the feeling that big guys will jump into ETH very quickly. Thus my hypothesis that ETH might reach 100 bn by the end of the year could turn out to be correct.

That being said I will maintain my belief that it will hit 200$ before a new bullish rally, perhaps around Oct will start.

It's the holiday season that I would be looking for a bullish market, it's usually when a lot of money is made. 

[IncludeBeer]

ok guys, my transfer is still  in progress, i have now 10000 confirmations  and still not finished, since 2 days !
Whats going on ? what can i do ?

whats the transaction hash?

https://etherscan.io/tx/0xcd24c9838c07d49a1e9a7cb1f032138167d8c79108ce25da10dc24d20a059f9f

this is crazy, now its 13k confirm , and still not finished

The transaction was mined over 4 days ago.  The receiving address (0xc5eD29e3986Fb408e29EB5FCD5C49923c264df24) has the sent funds, for over 4 days now. Sooo...what's the problem?

[wasif11]

I got a coinbase question:
I bought ETH on Coinbase last week straight from my bank account.
You can lock in at the price it is currently, but yeah your coins are in limbo for ~7 days.
My question is instead can i deposit from bank to USD on Coinbase and use that USD instantly on GDAX to get ETH?
Or would I need to wait 7 days to use that USD on GDAX?

[SuperNovah90]

I do think many miners will switch to ETC mining after the Ethereum POS.

[wasif11]

As a hodler who rarely buys or does anything except check charts and read news I had one of the most Ethereum days ever.
Received airdrop OMG; swapped some of that to get some DGD;
set up ledger wallets and metamask on my new laptop;
won some eth on etheroll (first time playing). Fun day.

[aosokally]

I'm still standing on the high mountain. When can I be rescued and hope to break through the old high point?

[wasif11]

I don't like this.
I have a sneaky suspicion that prices are going to take another major tank.
Sell wall at 268.99 up for the past 30 minutes, and if these are whales trying to liquidate,
they're going to drop the price soon.
I really hope I'm wrong, but this has happened in the past.

[wasif11]

Serious question here: how are you accounting for this as a matter of taxes? Are you listing this as a "dividend" on your ether hodlings? If so, are you using today's OMG price as the dividend value? Or are you treating this like a "stock split" and adjusting the cost basis of your ether downward?
I see that I also have a Credo token. I don't haven't been following that and don't even know what that is. So, while the air drop is a very cool idea and I welcome it, I'm just not sure what do with it tax-wise.
And, let me just head off tax-complaints. I understand and respect that some people have very strong views about the virtues and vices of governmental taxation. Assume for the purposes of this comment, that I'm interested in complying with US tax law regardless of its policy merit.

[alevlaslo]

now good time to buy the ETX, it has not made an x2 like BTC, Dash, XMR and LTC

[Burvil]

The last couple of days have been pretty ugly for ETH holders. I think the price will struggle around 250-270 for a long period, before will break out again and jump over 300$

[ansi]

I don't like this.
I have a sneaky suspicion that prices are going to take another major tank.
Sell wall at 268.99 up for the past 30 minutes, and if these are whales trying to liquidate,
they're going to drop the price soon.
I really hope I'm wrong, but this has happened in the past.

As a Forex trader myself i can tell you that what the whales are doing is burning the price to the ground than buying it dirt cheap & so on, making profits selling the highs & making also another profit buying the lows.

Some may have no experience at all when it comes to trading, not in Forex & not in cryptos.

Forex traders are the most evil persons (sharks, whales, call them what you like) in this Crypto domain.

Unlike Forex (since it so damn huge) Cryptos & some coins can be manipulated by couple of Whales only & can create the panic whenever they want to.

[Samarkand]

I don't like this.
I have a sneaky suspicion that prices are going to take another major tank.
Sell wall at 268.99 up for the past 30 minutes, and if these are whales trying to liquidate,
they're going to drop the price soon.
I really hope I'm wrong, but this has happened in the past.

I assume that these big walls are put up by ICOs that want to convert to fiat
or BTC while Ethereum is still above 250 $ per ETH.

Probably Tezos or one of the other ICOs that raised a ton of funds and has no
actual intention of keeping ETH for the long-term.

[flekkelek]

I don't like this.
I have a sneaky suspicion that prices are going to take another major tank.
Sell wall at 268.99 up for the past 30 minutes, and if these are whales trying to liquidate,
they're going to drop the price soon.
I really hope I'm wrong, but this has happened in the past.

I assume that these big walls are put up by ICOs that want to convert to fiat
or BTC while Ethereum is still above 250 $ per ETH.

Probably Tezos or one of the other ICOs that raised a ton of funds and has no
actual intention of keeping ETH for the long-term.

Probably yes, but if you want to keep eth, you'll be fine, the price will rise sooner or later for sure. I think there is nothing to worry about.

[jessia]

Why did you fall so much? When can you fly and fly to the moon?

[cosmoo]

Why did you fall so much? When can you fly and fly to the moon?

Today all of crypto is falling, it's okay. The time will come and it will fly, trust me

[bambarmia]

bitcoin and etherium are collapsing after the announcement from JPMorgan's Jamie Dimon ! Panic selling started immediately ! The problem is that  Jamie Dimon  and his affiliates are the biggest fraudsters in the history !  

[coin_1122]

I don't like this.
I have a sneaky suspicion that prices are going to take another major tank.
Sell wall at 268.99 up for the past 30 minutes, and if these are whales trying to liquidate,
they're going to drop the price soon.
I really hope I'm wrong, but this has happened in the past.

As a Forex trader myself i can tell you that what the whales are doing is burning the price to the ground than buying it dirt cheap & so on, making profits selling the highs & making also another profit buying the lows.

Some may have no experience at all when it comes to trading, not in Forex & not in cryptos.

Forex traders are the most evil persons (sharks, whales, call them what you like) in this Crypto domain.

Unlike Forex (since it so damn huge) Cryptos & some coins can be manipulated by couple of Whales only & can create the panic whenever they want to.

Exactly, these things are happening many times in the crypto market. We have to be very careful in the market with these whales other wise we are going to lose a lot of money with in short period of time.