Ethereum price discussion

[Ander]

The guy said his account was frozen and it caused his position to liquidate. So it seems that it was an involuntary dump. So I bought a lot at 400k, pretty confident that it would go back up fast... which didn't happen yet. I don't understand markets, but it was quite interesting to follow... I just really hope that ethereum will be back to 460k/470k soon so that I can close that position, I think ethereum is overevaluated, but not in the short time.

I don't think his account was frozen, I think he hit a margin call level so it liquidated for him.  Yeah, that guy got rekt. 

I dont know where ETH is going now.  Could continue dumping, or it could bounce back into upper 4s.  If it bounces though, there will be a lot of sell pressure in upper 4s, so it will need to come back down and make a double bottom probably.

[inarizushi]

Wow, ETH getting wrecked.  Shouldve held my earlier short, but had to cover it a while back at a small loss.  Oh well.

I wonder if bytemaster answering that reddit post had anything to do with it.

No it didnt.  It happened earlier on.
Someone dumped and it caused someone with 270 btc worth of margin long to get liquidated.  The guy was bitching at the polo mods earlier about how it dumped in a market order.  What did he expect it to do?

The guy said his account was frozen and it caused his position to liquidate. So it seems that it was an involuntary dump. So I bought a lot at 400k, pretty confident that it would go back up fast... which didn't happen yet. I don't understand markets, but it was quite interesting to follow... I just really hope that ethereum will be back to 460k/470k soon so that I can close that position, I think ethereum is overevaluated, but not in the short time.

[Ander]

The one that was discussed on the mumble this morning that was critical of BTS.

[jsidhu]

Wow, ETH getting wrecked.  Shouldve held my earlier short, but had to cover it a while back at a small loss.  Oh well.

I wonder if bytemaster answering that reddit post had anything to do with it.

which post?

[Ander]

The ETH dump is causing selling in all coins it seems.

[Ander]

Wow, ETH getting wrecked.  Shouldve held my earlier short, but had to cover it a while back at a small loss.  Oh well.

I wonder if bytemaster answering that reddit post had anything to do with it.

No it didnt.  It happened earlier on.
Someone dumped and it caused someone with 270 btc worth of margin long to get liquidated.  The guy was bitching at the polo mods earlier about how it dumped in a market order.  What did he expect it to do?

[Tuck Fheman]

Wow, ETH getting wrecked.  Shouldve held my earlier short, but had to cover it a while back at a small loss.  Oh well.

I wonder if bytemaster answering that reddit post had anything to do with it.

[JA]

Rekt. 
gg no re

[puppies]

Yeah.  That is a dump

[Ander]

Wow, ETH getting wrecked.  Shouldve held my earlier short, but had to cover it a while back at a small loss.  Oh well.

[Ander]

Why don't you guys just start up a bitETH?

Trade on the Bitshares blockchain.

Well, I want to be able to do that, but...

1) I wouldnt be able to trade it, because my bitshares client crashes after I put in a couple of orders, and then requires me to resync the entire blockchain, taking most of a day.
2) There wouldnt be 5000 bitcoins worth of volume a day.  There would be like .1 BTC, because only a few people would be trading it.

[xeroc]

Why don't you guys just start up a bitETH?

Trade on the Bitshares blockchain.

I would wait for bts2 so that the issuer can make a profit from its mpa

[luckybit]

Why don't you guys just start up a bitETH?

Trade on the Bitshares blockchain.

[Ander]

I'm short a little ETH again at around .0051.  After a couple days of trying to bounce, it looks like it cant bounce.  The hourly moving averages are near again, and look like they are providing resistance. 

[Ander]

Ander is a warrior. He's fighting an endless battle to capture all the volatility and convert it into BTS.

Yes I am!