Topic: ETH GETTING DUMPED HARD!!!! - page 4. (Read 55277 times)

ETH will never dump that hard but if this going to happen it's about time to buy lots of ethereum and then wait for the right time to sell it with the high price hoping that after we buy this coin it will never dump that hard again.

i wouldn't want to jump to any conclusions but miners are only looking for profit and when they see a price drop in ETH they start to look for substitutes as fast as possible because running your mining equipment is always expensive and you have to try and make the best out of it.

and this also proves my theory on ETH dropping more in price.

This drop in hash rate may be due to miners jumping to Zcash / Zclassic or even to XMR. I still think ETH can gain in price if they are able to fix the bugs in the code and come up with an explosive DApp. This is going to take some time, but I feel ETH has made lot of progress in the area of creating the next DApp than any other project there is. I wouldn't mind to go long with ETH and BTC.

After the hard fork, does it still have the attacks?

ETH continues to go down due to recent attaks.
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It seems the Ethereum price has dropped to below $10. Its price in bitcoin is also multi month low now.

that doesn't make any sense because first of all what matters in sense of value of a coin is not the number of coins available but instead the balance between supply and demand. in other words price of bitcoin is rising with the speed that its demand is rising.
also the slow speed shows a more logical rise whereas a sudden rise like what ethereum had in the past is a sign of manipulation (pump)

besides your analogy is wrong since ETH has 80+ million coins available while bitcoin has around 16 million coins!

Of course not!
The only real coin which you could use as a long term investment is Bitcoin!!
All the alts are just vehicles for short term speculation.
Oh look Eth -4,7% today. Reaching the 800 million area with potential to go down even more.
Since mid of september definitely a downwards trend.

Just a remider here: ETH or ETC or any ET - alien specy is NOT mentioned to be a store of value like Bitcoin is.

The price of bitcoin today raised to $740 and when I check the ethereum price it gets higher too and has a better value, the more coins in the market the slower the value of bitcoin increases.

The US dollar price of the Etheruem is quite stable while the bitcoin price is quite volatile. That is just due to bitcoin.

Yeah I believe that it can be a lie too, and this happens on these situations where we want to see bitcoin to reach $800 asap, the price of ETH is almost the same comparing with the price a week ago.

the drop has stopped and it is changing again. but i think ethereum has some more room to go down as the dump continues.

and also i have to say about bitcoin that that news was mostly a rumor and most probably it can be a lie to prevent bitcoin pump.

Not only ETH, mostly every coin in the crypto market is getting dumped hard and something in the backgroud is happening, someone wants to control bitcoin I think(china government) and I think people will move their funds to other altcoins.

Right about that trading is a sort of pump and dump and its happening a lot, its logical and I do not think its not very bad but it can of course also destroy such coins..
Dumped is never good if you are asking me.

As long as many people use the coin, it is not a scam. I heard Santander will use it to transfer money.

That's why I love ETH for short term investment because I know the trend on how to make money, I know this coin is shit  but what I have witness is that it goes up and down with a predictable trend, and to be honest I have made a decent income on the pump and dump game because I ride with it.

when there is no reason for a price to go up and down, specially when there is no real world usage for that object then it is a pump and dump. if you have a stock of an abstract business in mind then if the price goes up and down it is a pump and dump but there is no such thing in stocks (at least not like altcoins)

when bitcoin goes up or stays at a very high price it is because bitcoin is used worldwide in businesses, services and by merchants and on top of that there are millions of traders using bitcoin.

when Litecoin is stable around 0.006 all these years it is because LTC is being developed, it is being used in some places in the real world as a currency and also because there are so many traders trading it.

when XMR (monero) is still relevant after all these years and its price goes up and down (it is pump and dump) but there is still real world usage as a currency for it. it is offering some "real features that are useful" and people are interested in.

when ETH goes up and down it is because ethereum foundation is holding more than 80% of the coins and they are controlling everything, there is no real world usage. there is no interest in it apart from pumpers joining in to make more bitcoin. there is no useful feature and worst of all "the code is full of bugs and weak"

if you call it pump and dump we can also categorize every form of trading as pump and dump be it stock market or virtual market