Ethereum price discussion

[cylonmaker2053]

...this is depressing

naw, the more capital in cryptocurrencies, the better off we'll be in time.

[lil_jay890]

...this is depressing

[chryspano]

now that stealth will restrict us from doing this, we can always do it with eth
https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/

the great bear whales will still have the option of flooding poloniex with visible BTS transfers, right?

Noone is going to stop them from doing so but what would be the purpose of this?

If you wanted to sell at the best price posible would you telegraph to everyone "I have tens of millions of BTS to dump right now!" or would you transfer your BTS to the exchanges using stealth? Any large transfer to exchanges without using stealth  makes no sense imo.

They don't need to sell if the price drops on its own. They can just buy cheaper.

This can work and probably worked so far(without stealth available)

Now that stealth is available, would you believe that anyone that sends millions of BTS to exchanges without stealth has any intention to sell? Go and transfer hundrends of millions of BTS to poloniex without using stealth, price will not be affected because noone will believe you now, stealth transfer guarantees you more money from the sell, it does not allow every one that spies on polononiex wallet to posible frontrunn you (or whatever it is called) 

[Akado]

now that stealth will restrict us from doing this, we can always do it with eth
https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/

the great bear whales will still have the option of flooding poloniex with visible BTS transfers, right?

Noone is going to stop them from doing so but what would be the purpose of this?

If you wanted to sell at the best price posible would you telegraph to everyone "I have tens of millions of BTS to dump right now!" or would you transfer your BTS to the exchanges using stealth? Any large transfer to exchanges without using stealth  makes no sense imo.

They don't need to sell if the price drops on its own. They can just buy cheaper.

[chryspano]

now that stealth will restrict us from doing this, we can always do it with eth
https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/

the great bear whales will still have the option of flooding poloniex with visible BTS transfers, right?

Noone is going to stop them from doing so but what would be the purpose of this?

If you wanted to sell at the best price posible would you telegraph to everyone "I have tens of millions of BTS to dump right now!" or would you transfer your BTS to the exchanges using stealth? Any large transfer to exchanges without using stealth  makes no sense imo.

[Akado]

now that stealth will restrict us from doing this, we can always do it with eth
https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/

the great bear whales will still have the option of flooding poloniex with visible BTS transfers, right?

Sure. However it is not guaranteed they would even sell. Knowing there are always people watching one could simply send a huge amount of BTS to Polo and let them sit there while other people sell expecting a dump for example. Crypto mind games


And with stealth now if we can manage to do stealth transfers to Polo one could make it to send his bts without people knowing and then withdrawing them to one bts account, rinse and repeat creating the illusion of millions of BTS leaving Polo to their accounts, creating a fake bull scenario.

[cylonmaker2053]

now that stealth will restrict us from doing this, we can always do it with eth
https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/

the great bear whales will still have the option of flooding poloniex with visible BTS transfers, right?

[Akado]

now that stealth will restrict us from doing this, we can always do it with eth
https://www.reddit.com/r/ethtrader/comments/47v17v/1220000_eth_hit_poloniex_wallet_20_hours_ago/

[liondani]

Here's my guess why Ethereum attracts so much attention... based on the idiotness of crypto traders

"Ethereum" sounds much more badass and techy than "bitshares"

"Vitalik Buterin" sounds much more mysterious and cool than "Danny Larimer"

Just my "Judge a book by it's cover" evalutation.  If your going to invest in a crypto, you might as well buy the coolest sounding one so you can sound extra cool when explaining it to your hip millennial friends at your local sodosopa.

They get excited when they  hear:

"Even Microsoft is invested on Ethereum" 


PS Can we troll that: "Bill Gates wants to see Daniel Larimer also..." ?

[Ander]

https://www.tradingview.com/chart/ETHUSD/MAP5QXeL-Short/

Now imagine if the price drops like some people are expecting and Kraken goes down again... Nail in the coffin.

It should still stabilize at a higher floor than it had before the pump.  So it will have made progress.

[Akado]

https://www.tradingview.com/chart/ETHUSD/MAP5QXeL-Short/

Now imagine if the price drops like some people are expecting and Kraken goes down again... Nail in the coffin.

[Ander]

Glad its correcting, so it will let us all in again once it looks like a bottom is in place.

[lil_jay890]

Here's my guess why Ethereum attracts so much attention... based on the idiotness of crypto traders

"Ethereum" sounds much more badass and techy than "bitshares"

"Vitalik Buterin" sounds much more mysterious and cool than "Danny Larimer"

Just my "Judge a book by it's cover" evalutation.  If your going to invest in a crypto, you might as well buy the coolest sounding one so you can sound extra cool when explaining it to your hip millennial friends at your local sodosopa.

[btswildpig]

I agree with a lot of your points about bitshares Wildpig, especially the empty promises of big deals or big pushes hurting and the uncertainty of it all. But what I don't see is why that doesn't apply to ethereum.

I get that ethereum is infinitely better at marketing and community building, but I can't find any reason for the sudden price jump. There are quite a few considerable risky issues and unsolved problems, that would have caused massive outroars on the side of bitshares users and shareholders. An unspecified and encertain move to POS, as far as I can tell remaining issues with solving bandwidth and centralization (especially since they seem to hate the solutions and ideas that have been implemented in bitshares). Last I looked the pricing of "gas" is not resolved, which is kinda important if you want to have your scripts running at the same cost.

So where is this sudden spike in confidence coming from, where I'm seeing no less issues than people see in bitshares. Is it me, or does it sound a little backward to first make a complicated system and then move it to a different blockchain? It might be just me, but the ethereum blockchain sounds a little more involved than a timestamped database and when they hand wave their plans to upgrade the entire thing without even an attempt at a governance system like in dpos, not only sounds technically difficult to me, but also very hard to get concensus on. Hell if it's so hard in bitshares with it's attempts at inbuilt voting, how will it work in ethereum?

All this does not invoke me with the same confidence in ethereum, that "the market" apparently is seeing. Btw, is this price increase actual, or can this be an orchestrated pump? I'm not trying to diss ethereum, but the only other jump I've seen like this was with the ripple-manipulation, so I'm no longer able to bring myself to buy into these kinds of jumps. The thing is, if ethereum crashes hard, I'm kinda worried it will have a bad effect on all the so called bitcoin2.0 projects.

Ethereum 's current price is obviously a pump . However , every crypto's marketcap is the result of a pump . BitShares' current marketcap is the result of 2013  Bitcoin pump that has brought up PTS  , Play and Muse's marketcap was the result of BitShares pump  .

What matters is , whether this is a one time pump . Bitcoin was obviously not , BBQ coin ish , is . And Ethereum , is too short to tell .

But if there is long term capital supporting Ethereum , it can crash to the earth and then climb back up again , just like Bitcoin's history cycle .


As for bitshares , I don't know what kind of long term capital would dare enough to position itself long term .

Bottom line , marketcap is the result of pumps and dumps . That's how a virtual crypto token that with a story but no actual usage went up as high as BitShares now .

[JoeyD]

I agree with a lot of your points about bitshares Wildpig, especially the empty promises of big deals or big pushes hurting and the uncertainty of it all. But what I don't see is why that doesn't apply to ethereum.

I get that ethereum is infinitely better at marketing and community building, but I can't find any reason for the sudden price jump. There are quite a few considerable risky issues and unsolved problems, that would have caused massive outroars on the side of bitshares users and shareholders. An unspecified and encertain move to POS, as far as I can tell remaining issues with solving bandwidth and centralization (especially since they seem to hate the solutions and ideas that have been implemented in bitshares). Last I looked the pricing of "gas" is not resolved, which is kinda important if you want to have your scripts running at the same cost.

So where is this sudden spike in confidence coming from, where I'm seeing no less issues than people see in bitshares. Is it me, or does it sound a little backward to first make a complicated system and then move it to a different blockchain? It might be just me, but the ethereum blockchain sounds a little more involved than a timestamped database and when they hand wave their plans to upgrade the entire thing without even an attempt at a governance system like in dpos, not only sounds technically difficult to me, but also very hard to get concensus on. Hell if it's so hard in bitshares with it's attempts at inbuilt voting, how will it work in ethereum?

All this does not invoke me with the same confidence in ethereum, that "the market" apparently is seeing. Btw, is this price increase actual, or can this be an orchestrated pump? I'm not trying to diss ethereum, but the only other jump I've seen like this was with the ripple-manipulation, so I'm no longer able to bring myself to buy into these kinds of jumps. The thing is, if ethereum crashes hard, I'm kinda worried it will have a bad effect on all the so called bitcoin2.0 projects.