I've divested from ETC for now with an avg buy roughly at 150 avg sell 460. Actually back into ETH. Why?
ETC will need to deal with Coinbase and Bitfinex getting their coins as well as the attacker in three weeks. Finex and Coinbase users are likely moving to Poloniex and the sell walls there are already quite big. So I believe I'll have an reentry on ETC much lower. Should this occur ETH should increase in price.
So ye that's the strat
ETC will need to deal with Coinbase and Bitfinex getting their coins as well as the attacker in three weeks. Finex and Coinbase users are likely moving to Poloniex and the sell walls there are already quite big. So I believe I'll have an reentry on ETC much lower. Should this occur ETH should increase in price.
So ye that's the strat
Would also add to this as Chris Ellis pointed out, this thing with the Dao has probably set back smart contract technology and ETH development by 6 months. That said I am not sure if investing in ETC is prudent for the industry as it is a lot of drama surrounding ETH and ETC when attention should be on building things. I have very conflicting thoughts about this.
That is right. Without the DAO hack, the Slock DAO will be historic. It will attract more attentions from business.
With the DAO hack, more people will hear about the Ethereum, that could be a publicity so the price will rise again.
Even though that is a bad publicity, that is still a publicity and attract some people to buy some Ethereum.
Since the DAO hack, there are more mainstream media report about the Ethrerum. The trading volume is also high.
So to some extent, the DAO hack is good for the publicity of the Ethereum. But I do not like any more hacks.
That hack gave people the feeling that the Ethereum is not safe, although it is one of the applications of Ethereum.
That hack set back the adoption of the Ethereum by several months. So did the revival of the ETC.
