Ethereum price discussion

[liondani]

Poor Augur investors...

They that paid  with ether I suppose you mean ....

[bitmeat]

Poor Augur investors...

[Ander]

ETH bottomed and gave us two impulsive waves up now, so it should be o na medium term rally now.  It will move up with BTS. 

It would be fun if we crossed above ETH at some value above 50M!

[Ander]

Coindesk hypes their release at $3 and then dumps on them now that its 50 cents.  Such manipulation.

[Akado]

Coinbase throws some wood to the fire http://www.coindesk.com/ethereum-bitcoin-decline-9-million-funding-shortfall/

[Ander]

Crashes are so much more fun to watch when you dont have any o the thing thats crashing.

[Ander]

Lol.  On a whim I shorted 1300 ETH at 241, put in an order to buy it back at 231, and two minutes later it had already been hit.

[Akado]

what's happening right now lol broke ATL just like that and it keeps going

[Ander]

I am seeing ETH people make exactly the same comments about how the dilution to pay developers is good for ETH and that people should buy because of it, that many of us made about BTS last october. 

We learned our lesson, but they havent yet.

I'm going to love buying ETH 9 months from now.

I think it is the change that hurt.   Without the potential for worker pay CNX would have to work on other projects.    Worker pay is key to sustainability.  What hurts the price is when the illusion is broken and people realize that the cost to build and grow a blockchain is something that cannot be done in a SINGLE round of funding.   

Look at a payment company such as Dwolla, they raised 5 rounds over 5 years.   
BTS went through a similar process with angel, then gifts, and then worker pay. 
ETH will do something similar.

Yep. 

The fact that we are now so farm along in the process and will soon have a chane to start generating profits form the blockchain to help cover things is very reassuring. 

We have done it right with DPoS and are far ahead of the competition, thanks to your (Bytemaster) and others vision ahead of time.

The last year hurt but its behind us now.

[bytemaster]

I am seeing ETH people make exactly the same comments about how the dilution to pay developers is good for ETH and that people should buy because of it, that many of us made about BTS last october. 

We learned our lesson, but they havent yet.

I'm going to love buying ETH 9 months from now.

I think it is the change that hurt.   Without the potential for worker pay CNX would have to work on other projects.    Worker pay is key to sustainability.  What hurts the price is when the illusion is broken and people realize that the cost to build and grow a blockchain is something that cannot be done in a SINGLE round of funding.   

Look at a payment company such as Dwolla, they raised 5 rounds over 5 years.   
BTS went through a similar process with angel, then gifts, and then worker pay. 
ETH will do something similar.

[cass]

It was really hard for me not to feel "judged" by the fall in BTS price, but seeing the same trends repeating over and over have helped me to realize that it isn't all my fault.

I have come to think that it's nearly impossible not to feel this way. It's human nature to try to assign blame during tough times. It helps to understand that, although the feelings are normal, it doesn't mean they reflect reality.

Keep up the good work! 

 

[Ander]

I am seeing ETH people make exactly the same comments about how the dilution to pay developers is good for ETH and that people should buy because of it, that many of us made about BTS last october. 

We learned our lesson, but they havent yet.

I'm going to love buying ETH 9 months from now.

[Chronos]

It was really hard for me not to feel "judged" by the fall in BTS price, but seeing the same trends repeating over and over have helped me to realize that it isn't all my fault.

I have come to think that it's nearly impossible not to feel this way. It's human nature to try to assign blame during tough times. It helps to understand that, although the feelings are normal, it doesn't mean they reflect reality.

Keep up the good work! 

[puppies]

At polo interest rates are set by the market rather than a central bank.  I have a hard time defending market functions when one half of every trade has nothing whatsoever with any market.

[cylonmaker2053]

its just funny seeing the cycle repeat, although now people can short and make money through a nice interface (polo) so people are actually benefiting.

I think without real world use cases and real demand on the token, its hard to justify a rise in prices given the fact that development timelines are years in the future. The leaked chat confirmed this.

I would make the argument that the ability to short will actually make the dips shallower.  The fact that shorters have to cover should dampen big dips.  It still baffles me that governments that think banning short selling will prevent the market from declining, when in fact it does the opposite.

I think you are slightly mistaken.... banning short selling prevents the market from declining TODAY by removing support TOMORROW.    Think of it as burning your stabilizer fuel trying to generate thrust.... it will quickly run out of fuel and then things become more volatile in the future but will ultimately fail to stop the pull of gravity.    At the end of the day it is nothing more than those in power picking the winners and losers.

very good point re: banning short selling. completely agree.