ETC is it worth buy now on an unexpected value ? - page 2.

Tytanowy Janusz

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Quote from: grabpopcorn536 on May 10, 2021, 11:17:53 AM

Your argument is absolutely correct. We are seeing madness happen in this bull run. The old shitcoins are over-pumped. The value of ETC may be being manipulated. Many have argued that miners are moving from ETH to ETC and increasing the value of the project. This is true, but it will no longer be true since the real value of development and application in a monetary system is not much. This is basically an unreliable project for investment. The price increase of ETC right now is similar to DOGE right now. We should not follow trends and invest in a project of no clear value like ETC.

Agreed. One more thing to add. Miners are moving to ETC not because of tech, not because they think ETC is better. Its because ETC price pumped 10x in 3 months so its more profitable in short term to mine ETC. ETC and ETH miners use same algo, same hardware so its like 5 min of work to double/triple earnings. It will end as soon as ETC price will start to go down.

grabpopcorn536

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Quote from: Tytanowy Janusz on May 10, 2021, 10:32:57 AM

Quote from: ipanks on May 10, 2021, 10:19:59 AM

Really ETC is dead? We will see it later.

According to this article :

Quote

Ethereum Classic (ETC) is the original Ethereum blockchain. ETH and ETC share the same blockchain record before the July 2016 hard fork.

I only see a chance for making money or profit from all coins, including ETC, so if that coin can give me money, I will still use it.

Thats exacly what I said:

" Its eth fork but without use cases, without developement, without good projects build on it."

So this is the same code that ETH had few years ago. Copy - paste. That makes this project be worth $13B? 13 Billion $ ... for copy-paste? 62 000 times Lamborghini Huracan Evo... for copy-paste that no one is using? ETH has huge community, thousands of projects, dozens of use cases, huge volume, millions of transactions daily, huge infrastructure, devs ... ETC has similar code... and no one is using it. Code has 0 value in crypto. Everything is open source. You can cope and paste every project and create your own with different name (fork it). It is going to 0. Sooner or later. So you have 2 options. Trade on valuable coins that has value, community that will buy the dip or trade dead projects (play hot potato game, Greater fool game). Projects that are irrevocably going to 0 but maybe ... before reaching 0 ... will reach 500$, or not...

Your argument is absolutely correct. We are seeing madness happen in this bull run. The old shitcoins are over-pumped. The value of ETC may be being manipulated. Many have argued that miners are moving from ETH to ETC and increasing the value of the project. This is true, but it will no longer be true since the real value of development and application in a monetary system is not much. This is basically an unreliable project for investment. The price increase of ETC right now is similar to DOGE right now. We should not follow trends and invest in a project of no clear value like ETC.

Tytanowy Janusz

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Quote from: ipanks on May 10, 2021, 10:19:59 AM

Really ETC is dead? We will see it later.

According to this article :

Quote

Ethereum Classic (ETC) is the original Ethereum blockchain. ETH and ETC share the same blockchain record before the July 2016 hard fork.

I only see a chance for making money or profit from all coins, including ETC, so if that coin can give me money, I will still use it.

Thats exacly what I said:

" Its eth fork but without use cases, without developement, without good projects build on it."

So this is the same code that ETH had few years ago. Copy - paste. That makes this project be worth $13B? 13 Billion $ ... for copy-paste? 62 000 times Lamborghini Huracan Evo... for copy-paste that no one is using? ETH has huge community, thousands of projects, dozens of use cases, huge volume, millions of transactions daily, huge infrastructure, devs ... ETC has similar code... and no one is using it. Code has 0 value in crypto. Everything is open source. You can cope and paste every project and create your own with different name (fork it). It is going to 0. Sooner or later. So you have 2 options. Trade on valuable coins that has value, community that will buy the dip or trade dead projects (play hot potato game, Greater fool game). Projects that are irrevocably going to 0 but maybe ... before reaching 0 ... will reach 500$, or not...

ipanks

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Quote from: Tytanowy Janusz on May 09, 2021, 10:27:34 AM

Quote from: ipanks on May 09, 2021, 09:54:36 AM

I guess so. But it will not come in shortly because many high prices need to break and need time. I see ETC have a chance to increase and reach $500 sooner or later and I see that the support for ETC become bigger than the last year. But we do not know how long ETC can reach that price because there are no estimated time for that.

What are toy talking about? "because there are no estimated time for that"?

"I see ETC have a chance to increase and reach $500 sooner or later and I see that the support for ETC become bigger"
What makes you think so? ETC is dead. Its eth fork but without use cases, without developement, without good projects build on it. Without anything. Just forked ETH. And it should be worth 80% of ETH with thousands projects build on, with millions transactions daily, with huge dexes, infrastructure.

Anyone who buys ETC ... its not a matter of time when it will start to grow. Its a matter of time when it will dump to close to 0 levels. You can trade a waves, but be ready for massive dump that will never recover.

Yes, there is no estimated time for that because we do not know when it will happen.

Really ETC is dead? We will see it later.

According to this article :

https://capital.com/ethereum-vs-ethereum-classic#:~:text=Ethereum%20Classic%20(ETC)%20is%20the,networks%20were%20essentially%20the%20same.

Quote

Ethereum Classic (ETC) is the original Ethereum blockchain. ETH and ETC share the same blockchain record before the July 2016 hard fork.

And this :

https://coincentral.com/ethereum-classic-vs-ethereum/

Maybe you are right, but we do not know what will happen in the future because everything can happen in cryptocurrency.

I only see a chance for making money or profit from all coins, including ETC, so if that coin can give me money, I will still use it.

Midy

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Maybe yes maybe not, as long as investors start investing in ETC in large amounts the price will definitely get even higher, for you to know ETC and ETH are much different, ETH is tied to various platform contracts for transactions on the ETH network so the price is very expensive at this time, while ETC not like that.

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Quote from: Waleedzain323 on May 08, 2021, 08:22:18 PM

But now is it worth it to be invested in ETC.

The increase in the price of ETC was only because the number of tokens on the ETH Chain was got pumped, not because ETC had good development.
I don't think that now is the right time to invest in ETC because when the bull trend is over the price will fall deeply and suffer losses, more worth invest in ETH or BNB.

seramania

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Quote from: Waleedzain323 on May 08, 2021, 08:22:18 PM

We have seen that recently ETC made big progress in its value as it just booms from 40 USDT to 130+ USDT. But now is it worth it to be invested in ETC.
Progres of ETC were unexpected and with the heavy pump in the ETH we can clearly see that ETC is also making good progress towards top coins.
But can ETC reach 500? if ETH get on 8000+.

maybe for ETC it will easily experience a significant increase, but we can see what the future use of ETC will be. because what we know now is that ETH is just a token, not a platform like ETH or BSC so it will be easy to pump it up next time

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Waleedzain323 on May 08, 2021, 08:22:18 PM

We have seen that recently ETC made big progress in its value as it just booms from 40 USDT to 130+ USDT.

There is a wide difference between the terms "progress' and "price pump".

Quote

But now is it worth it to be invested in ETC.

No, retrospectively this would be the time to sell ETC if you already owned it. Like those who got ETC as a result of the hardfork of original ETH, they should sell now and cash it out to buy something else.

Quote

Progres of ETC were unexpected and with the heavy pump in the ETH we can clearly see that ETC is also making good progress towards top coins.

What progress happened bro? Zero development and zero progress. ETC was created out of pure spite against the hardfork by some red-pilled bagholders. What you need to do rather is wait till ETH drops and then buy it, if you are so interested in Ethereum or buy bitcoin when it drops.

The earlier people understand this the better. I have seen the reality of what these hard forks do, they are for the betterment and not for some unilateral profitmaking. But people have to take things into negatives and think that everything is a conspiracy because they hurt their heads.

Psynthax

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Why buying when it's already on its peak though, it seems you get fomo'd and i don't think etc could reach the price you mentioned easily, it has the chance yes but people definitely prefer eth not to mention what's coming in july and the money to pump etc will definitely move again to the real eth not some hardforked ones that have very few dapps. though if you feel etc gonna explode and get massive bullrun when eip1559 first go to public because miners are moving, then maybe it's worth a try, don't just get carried away by the hype but also analyze whats going on behind.

cryptoaddictchie

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Quote from: husencoe on May 09, 2021, 09:10:10 PM

It's not impossible, but I think it will be very difficult for a fork coin like ETC to become a fundamental coin. To be able to compete with ETH is very different because ETH is supported by a large community and their tokens that also use it in every transaction. Maybe it's okay if you already have ETC coin now, but to start buying and hoping the price will go up I think it will have a very big risk.

How come it's impossible. Have you seen the run did ETC made? I really think anyo project has some sort of chance to beat these Kings. Imagine dogecoin a meme that has no real use case was able to beat some more efficient projects. Its not all about the community its also based on hype and some factor. Etc maybe a fork but their platform is really good.

Johnyz

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Quote from: Waleedzain323 on May 08, 2021, 08:22:18 PM

We have seen that recently ETC made big progress in its value as it just booms from 40 USDT to 130+ USDT. But now is it worth it to be invested in ETC.
Progres of ETC were unexpected and with the heavy pump in the ETH we can clearly see that ETC is also making good progress towards top coins.
But can ETC reach 500? if ETH get on 8000+.

After seeing the unexpected pump, I can say that everything is possible for ETC since it looks like it always follow the trend of ETH. Though they both already made a new all time high, its hard to say now that it is still good to buy because it can drop unexpectedly as well so be careful on buying at the top price.

husencoe

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It's not impossible, but I think it will be very difficult for a fork coin like ETC to become a fundamental coin. To be able to compete with ETH is very different because ETH is supported by a large community and their tokens that also use it in every transaction. Maybe it's okay if you already have ETC coin now, but to start buying and hoping the price will go up I think it will have a very big risk.

xmonkeyx

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of course, it is not impossible, we see now ETH and BTC continue to grow with higher prices maybe ETC will follow them too. Nobody is too late in crypto and nobody knows what the future is like. if you believe and believe immediately invest.

ahoenk

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Quote from: Waleedzain323 on May 08, 2021, 08:22:18 PM

We have seen that recently ETC made big progress in its value as it just booms from 40 USDT to 130+ USDT. But now is it worth it to be invested in ETC.
Progres of ETC were unexpected and with the heavy pump in the ETH we can clearly see that ETC is also making good progress towards top coins.
But can ETC reach 500? if ETH get on 8000+.

I think etc going to this price because hashing power also will be goes to etc, especialy if eth 2.0 is up wich mean miner will not be able to mine ethereum anymore and miner forced to mined etc in the future. If ethereum can get $10000 etc will goes above $500. But i hope etc can prevent another 51% attack like month ago.

akirasendo17

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if you are a trader or you are going to hold this is not the right time to buy ETC the price is too high at the moment, you can wait for a low price but if you are in a hurry and with funds, it still recommend to wait for a good price, some people bought the coin, just to have one, but they don't look at the price which is very important, because there might be a more cheaper price for a couple of days.

grabpopcorn536

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The value of the current ETC is too high and does not reach the appropriate value. ETC still doesn't have any projects on their platform yet. It is simply a coin mined by miners. The recent price boom is possible because miners diverted from ETH over ETC as the POS mechanism inevitably happened with ETH to replace POW.
Buying ETC at current prices is quite risky.

Tytanowy Janusz

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Quote from: ipanks on May 09, 2021, 09:54:36 AM

I guess so. But it will not come in shortly because many high prices need to break and need time. I see ETC have a chance to increase and reach $500 sooner or later and I see that the support for ETC become bigger than the last year. But we do not know how long ETC can reach that price because there are no estimated time for that.

What are toy talking about? "because there are no estimated time for that"?

"I see ETC have a chance to increase and reach $500 sooner or later and I see that the support for ETC become bigger"
What makes you think so? ETC is dead. Its eth fork but without use cases, without developement, without good projects build on it. Without anything. Just forked ETH. And it should be worth 80% of ETH with thousands projects build on, with millions transactions daily, with huge dexes, infrastructure.

Anyone who buys ETC ... its not a matter of time when it will start to grow. Its a matter of time when it will dump to close to 0 levels. You can trade a waves, but be ready for massive dump that will never recover.

Tipstar

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Almost all of the old cryptos are taking their turns to rise in prices. Bitcoin was followed by ethereum and other coins. Some coins waited a longer time before rising up, like tron which was followed by EOS and Cardano, ETC as you mentioned. If we are to look at the pattern, we should venture to popular coin that haven't rose significantly or which is still much lower than it's all time high.

ipanks

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Quote from: Waleedzain323 on May 08, 2021, 08:22:18 PM

We have seen that recently ETC made big progress in its value as it just booms from 40 USDT to 130+ USDT. But now is it worth it to be invested in ETC.
Progres of ETC were unexpected and with the heavy pump in the ETH we can clearly see that ETC is also making good progress towards top coins.
But can ETC reach 500? if ETH get on 8000+.

I guess so. But it will not come in shortly because many high prices need to break and need time. I see ETC have a chance to increase and reach $500 sooner or later and I see that the support for ETC become bigger than the last year. But we do not know how long ETC can reach that price because there are no estimated time for that.

20kevin20

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It did have a quite massive quick pump that seems to end in a just as quick dump..

But remember that other projects grew just as much or even more than ETC did, yet they're back down and will likely be even lower soon. These growths are not sustainable so why bother? It's not like ETC did something amazing in the crypto industry. In fact, I'd argue that even Ethereum did more crap to the industry than good, besides attracting a mass of new users.

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