Ethereum price discussion

[vlight]

This is priceless:

https://twitter.com/IOHK_Charles/status/758277705766989830

[vlight]

0.00000001 btc ? 

[werneo]

werneo what do you see for eth now

You have probably already figured this out after the DAO fiasco, but at this point ETH has crossed into a full on bear market. It's possible you could see some short term upside to .019 or even .020, but longer term I think we're headed for sub-.010s. Maybe as low as .006 or even lower. Suffice to say I'm shorting it for now.

[Ander]

Never short eth.  Never ever.

I've changed my mind.  Feel free to short eth at any time you hear about a critical flaw that let someone steal al lthe eth from a "smart" contract. Lol.

[Empirical1.2]

I was short ETH and losing on that trade, thanks to this managed to close with a nice profit.

Where I do see upcoming short potential is in ETH. Since being added to Bitfinex or for some other reason, it seems to be a lot more correlated to BTC however when the increased volumes and current tailwinds die down I think it will struggle to maintain that inflated price with it's much higher level of inflation.

Hopefully ETH will recover just so I can short it again. I will be a buyer of ETH once it switches to POS (Lower inflation)

[nomoreheroes7]

Never short eth.  Never ever.

Guess I should've shorted eth. Why oh why did I not listen to my contrarian-ander indicator?!?!

 

[xeroc]

Someone is attacking DAO: https://www.reddit.com/r/TheDao/comments/4ohwgu/one_of_the_whales_has_split_from_the_dao/

The DAO ETH Balance was 11,599,353.25 Ether 24 hours ago with a total Token Supply of 1,159,931,811.69 TheDAO, now there is currently only 8,914,536.17 Ether with a total Token Supply: 1,159,813,810.27 TheDAO.

So 118001.42 tokens has split with 2684817.08 Eth? 22.75 Eth per DAO token? Can someone explain?

Someone is draining the DAO using recursive splitDAO calls

It is according to slack. Someone is stealing like $1.000.000 worth of ether a minute

[Ander]

Never short eth.  Never ever.

[jsidhu]

werneo what do you see for eth now

[Empirical1.2]

Been short ETH/BTC again.

Supply removal caused by DAO will be coming to an end and should actually reverse as gets spent putting pressure on price.

ETH needs a lot of new constant demand to sustain a billion valuation anyway due to high inflation.

Bullish on BTC as halving not too far off. (After halving BTC will need less average new demand to sustain 7 billion than ETH does to sustain 1.2 Billion.)

[Tuck Fheman]

Craig Wright story turned things upside down for a few hours.

Ok the Craig Wright bs is over, now ETH can resume the dump.

[Tuck Fheman]

Update ...


 

[bitmeat]

sorry for the noob question...

what is DCA and MVP?

I believe:

DCA = Dollar Cost Averaging (investment strategy - look it up)

and

MVP = Minimum Viable Product

[Empirical1.2]

I don't know I like MAID this week though, MVP getting closer...

I'm stocking up on MAID at these prices again, think ETH is pulling it down but MVP seems to be coming along well.

Ouch...

(Still holding Maid and going to DCA at this lower price hoping the MVP will be released soon... )

sorry for the noob question...

what is DCA and MVP?

DCA is dollar cost averaging. So I'm buying more MAID now so that my average price for Maid on this trade will be lower.

MVP is minimum viable product. MAID are very close to releasing a MVP finally, possibly in the next few weeks, I'm hoping when that happens MAID will see new highs and the trade will pay off.

[liondani]

I don't know I like MAID this week though, MVP getting closer...

I'm stocking up on MAID at these prices again, think ETH is pulling it down but MVP seems to be coming along well.

Ouch...

(Still holding Maid and going to DCA at this lower price hoping the MVP will be released soon... )

sorry for the noob question...

what is DCA and MVP?