Topic: ETC rising to 0.01btc ? (Read 3579 times)

I heard the JP Morgan is Quietly Developing a Private Ethereum Blockchain

Wall Street mega-bank JP Morgan has co-developed a private, permissioned version of the ethereum network.

The project, presented during a meeting of the Hyperledger technical steering committee last month, was recently demonstrated during the Sibos convention in Geneva. But while the bank avoided the headline-grabbing announcements of its peers like Bank of America and UBS last week, this doesn't mean it is shying away from discussing its work.

Called Quorum, the platform was developed in partnership with ethereum startup EthLab, and it is one of the first projects to come out of a working group within the bank known as the Blockchain Center of Excellence.

Amber Baldet, program lead for the division, explained that JP Morgan is now looking to open source its blockchain technology work in order to get more developers involved.

Baldet told CoinDesk:

"One of our goals in working with an open-source platform and contributing our work back is to encourage collaboration and innovation. The more people that get involved, the faster we will see adoption challenges addressed and the more robust the system will become."

In tandem with the development of Quorum, Baldet said JP Morgan created a software development kit (SDK) aimed at encouraging developers to create applications.

Baldet went on to describe the project as "an additional choice" in the company's toolkit of software offerings aimed at solving business problems.

Notably, Quorum is the second major blockchain-inspired offering to come out of the JP Morgan's technology labs. Earlier this year, the bank showcased Juno, a project it called a "distributed crypto-ledger" that was designed to enable quick value transfers between network parties.

The developers behind Juno departed the bank earlier this year to form their own startup, Quartz reported in July.

Inside Quorum

According to JP Morgan, the project was developed following discussions during the first ethereum developer conference (Devcon1) in 2015.

"While speaking with Jeff Wilcke of EthLab there, we recognized that there was a potential overlap between his goal to build a voting-based consensus mechanism to replace proof-of-work, and our goal to build a high-speed, permissioned ledger," Baldet explained

It seems the big companies are using the main Etheruem chain, so that could be a bad news for the ETC.

It is very hard for ETC to touch that price range without strong community support behind it. ETC network and community is growing in very fast rate so may be after a year or so it will be not a surprise to see ETC trading over 0.01BTC.

I think you are trying to be over-speculative when you say that ETC will rise to BTC0.01... Do you think that Ethereum Classic is more developed than Ethereum or is it an upgraded version of it??? If it would have been, you might have already seen the trolls becoming true that ETC would have replaced ETH...

my newest theory about ETC is that since it is the same coin as ETH really, it can not rise because it is lacking the manipulation and the big amount of money that foundation has so it will follow the dying path that ETH without manipulation should take.

but i would keep my eyes open for possible pumps along the way though!

what a great chart  , but i do not think it can happen in a short time, ETC price is still way down from other alt coin, the one that have better chance is compete with bitcoin is ETH, but after the hard fork incident both of the coin plunge into the bottom, so it need a long time before they regain their position

Your statement is wrong. ETC is still the minority. The majority of the people are choosing ETH because they have the funding, they have the interest of the companies and the banks and their development team is the original. Also ETC and ETH are the same project and the failure of the DAO is on both of them. Please get your facts straight.

I agree with your opinion, but the problem ETH be considered as failure coin because of the DAO coin, and the real ethereum is ETC that is why the people still choose ETC than ETH, and about ETC's price that going down It is normal (fluctuation) on every trading always there is risk.

You could be right. If the ETC attract a lot of development fund, the price could rise a lot. So it is worth the risk.

IS ETC is a cloned of Ethereum? why people keep choosing this coin ? Because you guy's can earn more bitcoin on it , Imo i will choose Ethereum because it has a really big potential when it comes of trading , It is very easy to sell and buy where more investors are choosing it from exchange website and coinbase offered also that you can buy using it.

I think it is not trolling, it is about prediction price of ETC will become 0.01 and we can make discussion about it, every traders know price ETC is 0.0019 not 0.01 but we try making prediction it.

There is a corelation between ETC and ETH.As a result, there will be an increase for ETC but the 0.1 parity...It is hard to guess.

The chart and the price are not even close.
And even if ETH reaches that price it's gonna get dumped and will drop very fast.

what this, just trolling or what? ETC now 0.0019 not 0.01BTC

poloniex?

I agree with your prediction but for today if we look on the candle chat, still there is not sign in the chat the ETC's price going up until 0.01BTC in my prediction it will need much time for it will become up to 0.01BTC/ ETC because for today ETH's price is sideaway.

You're correct, ETH wouldn't be a $1 billion market cap without those bumps in the road.

ethereum classic is eth can reach to price 0,01 bitcoin every one etc
but not fast time, very longterm maybe next year this reach every one etc 0,01 bitcoin

It's hard to say at this moment we can see it go back to 0.0045 where it was. Or maybe even go back futher down.

it is almost ETC's turn to get pumped all other coins have been pumped and now that they are being dumped all that money should go somewhere besides ETH was pumped recently and it has nomore steam to go higher it has to come down. so only other option is ETC

ETC's bottom becomes 0.002, a buy point, maybe.

i am also disappointed in ETC but 600 what are you talking about!!

if we are talking in USD then it has been more than $800,000 in volume up to now and it is growing until the end of the day.

if we are talking in BTC then it has been more than 1310BTC in volume total traded today and still growing!

Today's ETC trading volume is less than 600. It seems there is not much interest in the ETC, bar it buying or selling.

time can tell but as of now if we want this to happen we also need to help the coin to progress support from community is very needed.

I'm sure it will but we cannot exactly predict when, possibly within 2 years time.

ETC price will not hit 0.01 bitcoin if there is no big development support of it. It lack funding at the moment.

I still think its not gonna hit that price sometime in the future. There are other coins close to that though. Polo has been allowing ETH deposits now so lets see if it happens..

In the past, the ETC and ETH price are inverted. But in the recent past, the price of both move in the same direction.

I think there will be no price crash of the ETC in the short term. Even the Vitalik and many members of the Ethereum Foundation got a lot of ETC due to the ownership of original Ethereum.

Give ETC sometime to build a good reputation from the bottom to top, it may even exceed .01 btc in the near future.

Although it seems to be rising to 0.01 BTC, you should be aware of your own desires. Until it reaches that value, its possibility to crash becomes dangerously high. You should consider the possibility of a crash too and how it'd affect you, not only the rise in price.

If the hacker does not dump his coin and donate most of his coins to the ETC development, there is a possibility that ETC will be 0.01.

Well ETC is still pumping at Poloniex, up to 250k satoshi now. but the thing is, I dont think its gonna reach .01 btc. Closest its gonna get is around 400-500k satoshi, but its drop could go dangerously low below 100k satoshi. That is why i dont wanna invest in it for the meantime.

I find it hard to believe in this person now. After everything they did and tried to do with ETC now they are changing their opinion? This is fishy. I speculate that Vitalik and some insiders have begun buying ETC or better, they now have the intention to split their ETH the the equivalent amount of ETC before they fix the replay attack issue. I am sorry if I sound very cynical but I really do and it is not my fault. They should have done better in the past and dealt with everything with transparency.

VB is embracing ETC now https://www.reddit.com/r/EthereumClassic/comments/50k0wr/vitalik_buterin_softens_on_etc_a_nonnegligible/

So the two could work together towards parity.

Let's face facts, the days of glory of ETC are gradually ending. It's time to sell and move on to another altcoin.

I do not see much sign of the real progress in terms of the development at the moment. That could be the reason for the price drop.

this is a good point. for a coin that (kind of) arrived out of nowhere and was free to the people selling it it's done insanely well. now it's settling at a level we need to see how they're gonna push things forward.

I dunno how much the pumpers care about development, probably not at all, but they'd probably be inspired to pump more if there were some signs of real progression.

The next few days will be interesting to watch, maybe it will be a good time to buy some.

ETC just need to work on their development. It is hard to get a solid developers team in just a month.

Yes i believe ETC will be 0.01BTC but for sure not in 2016.

Just when do you think Ethereum will turn POS?
I might not be willing to wait till next year for that happen. I will start to unload this misery myself even when it meant losing investments than wasting time.  I don't see any development to the coin. Not that i know.

only solid community ethreum classic use and trade
can etc up go the moon until 0,01 bitcoin every one etc

I think the ETC hasn't reached its 'ultimate low' will wait a few more days before the market find a bottom.

I am not sure what to think of ETC, from my point of view they have one chance and it will be soon as ETH go to POS and show the middle finger to all the miners that made a etherem what it is today!
Then if pump happen you have a big chance to set ETC:ETC to 1:1 price ration, and in long time kill forked premined scam coin

It is going to be good but still I am not going to put my money into there as according to my views it will rise up only for a smaller tme and when the investors get their profit they will withdraw their money and then the price will come back, I will wait for some more time and when this coin started to be use as a currency then I will have a full believe on it.

Just bought 10BTC worth of ETC at 0.0022 .... I have no clue where it's going but if there is another pump I want to take that risk 

Did you buy that ETC when the price hit $3 and up? 

If you believe price could go up later then its actually a good price to buy ETC. i use to have 50+ etc but moved to Btc again as its the safest to go still.

The Etheruem will have a development meeting to be held in Shanghai. Investors might be interested in Ethereum and maybe ETC again.

it can happen when etheruem will go pos, etc then might be pumped i think, because miners will move there, and if there is no pump they will kill it

@Divinespark. For now it does not look good. Look at the price now from a few weeks ago. It is a big difference. Common sense will tell you that it is not a good time to buy ETC because you risk losing part of your investment with the falling price. But if you are already in there is light at the end because the project is given confidence by Charles Hoskinson. So keep holding for more a year more because the fruits of their labor may be seen on 2017 or even 2018. So it would help to be really patient.

I am down ~ 10% on a bag of ETC that I picked up. Where do you guys think ETC is gonna go from here in the near term? Keep hearing there is good news in the offing, but nothing concrete so wondering if that's BS or not?

it's less than real etheruem it was just hype and nothing more, miners are leaving for real etheruem and nethash will fall slowy, price also seems to follow this, and not the opposite like usually happen

ETC not ETH, etc not same eth
after dev eth declare does not recognize, and does not become part of the ETC
etc price is down, etc can up only pump dev etc and market placed exchanger
maybe is community etc not strong price range etc only 100k - 500k satoshi every one ETC

Vape reaching to .01BTC? Nay!

But isn't ETC the same ETH before the fork? then why couldn't it be as high as ETH again?
Could ETC be exploited again like before?
If not then I don't see any reason why shouldn't be high as ETH, while they are both the same things.

not rise to 0.01 btc, the chart looks like dump to 0.001 btc, let us see. etc hype was over, unless eth hype again, etc will be pumped with eth.

Even with the current low value of ETC, it's still the most profitable one to mine with GPU, almost equal to ETH. I don't think so that miners are leaving it one by one as bbc.reporter said above, probably a false BBC report. As far as I can see, miners are entering one by one, not leaving.

Of course they get... otherwise why the coin is still alive? Every time the coin goes up in price, the hash rate goes up in price too. The hash rate follows the price, and not the opposite. Miners will mine whatever coin is going up.

Uhm... I am not aware that ETC miners did not get anything out of mining ETC. Why is that so?

Now is 0.0022 btc, I don't think it will rise to 0.01 in the near future, because there is not any backed development there, only price speculation needs.

That is right. If the ETC price rise to 0.01 bitcoin, that will make many people rich and it might take some time.

What kind of a chart analysis is that?

Sorry but ETC will be continuing to go down for the time being. How long and how low is the question and it is not looking good because the hash power is also going down. No miner is willing to support the network for free and they are leaving slowly one by one.

This will not look good for those who fight for blockchain immutability and true decentralization.

i have just cut loss yesterday for this coin because in the several days the prices has been down day by day and i have done with this coin because i'm very doubt the price will rise up again to 0.003 above and in my opinion ETC to reach 0.01 with the current situations is not possible

trend price ETC its now down, if up to go the moon
price 0,01btc every one etc is imposible is fast time
maybe is trend back up again only up until 300 - 350k satoshi

maybe end year or next year etc can get up to 0,01 btc every one etc

Things go up things go down..

We need DTHs and Coinbase holders to get their ETC then the market can reach price discovery. Right now it's in the markets best interest to get rid of the DTHs who will want to sell as cheaply as possible and then proceed. The longer the RHG keeps the ETC hostage the worse and bloodier it'll be which is perhaps their intention.

i was expecting that too.

but the ethereum foundation with their lots of money to throw away, they have been dumping as much as they could to keep the ETC down.

and even when poloniex froze their funds it wasn't enough.

Huh ? That's only because it was heavily pumped and hyped, it may be good to speculate on it short term but it can also suddenly die since there is no real reason for it to have a capital above ~5-50$ mil capital, and that only because of market speculation potential. Whales took profits, more smaller pumps will definitely follow but you guys were left in the dust, you went for "ETC and ETH parity" hype and lost money. The only comparable and more stupid motto as "ETC and ETH parity" was "litecoin is silver to bitcoin gold" . I mean, really ?

ETC has the most buying volume in Poloniex of all coins usually, except now during the XMR pump which is already correcting, so a coin with top buying volume and a very smooth downtrend looks like a good buy to try to profit from a good pump.

I was expecting it at some point to at least match the ETH price but this could be some way off from that.

Lol. It is dying. There will be more small pumps but nothing very signifiant and nothing that can hold the price. ETC attempts to be currency / payment system, so it wants a slice of that cake. Problem is, that cake is shared between bitcoin and 100 more bitcoin clones. And ETC isnt even on same level as litecoin, dash, monero, and other currencies, mainly because in it's curent state it doesn't work, it has to hard fork to eliminate the time bomb in it's code, plus it doesn't have other cryptocurrencies features like more stealthy and so on.

this is my simple chart