Topic: Ethereum Pump & Dump Scam - page 4. (Read 32113 times)

The price is going down to 0.018 now. So the price of the Etherum is quite volatile, it is bad for adoption.

The price of the Etheruem was dumped to 0.016, then it rose back to 0.02. I do not know how long it will last.

That is right. We spend a lot of time doing the mining related job. If you calculate the time used, it will also cost money.

$0.2/kWh price is too high for mining profitable if you consider the other efforts you put into the mining.

My electricity price is $0.2 kWh, so my cost of mining is about $4 each. I will not invest in new rigs now.

The mining cost is definitely higher, but not quite by that much. I have one rig that does 80 MHash/sec and still generates a bit over 1 ETH per day mining. It draws 800 watts from the wall, or 19.2 KWh/day. So even at 10 cents a KWH, 1 ETH runs about $1.90 in electricity. Of course this assumes the rig is paid for, if you are still trying to ROI on equipment then it would be more. So as long as ETH stays above $2 and difficulty doesn't increase much more, mining profit is still there.

Thx for the flowers

Some additional hints for a newbie investor:

When evaluating a crypyo investment...

* First visit coin's homepage. Some coins even don't have a working homepage (lol).

* Who are the developers? Look at developer pictures.  Sometimes an image says more than those 1000 words written/copied into a "white paper".

* What have these devs done before? (Bitcointalk and Google are your friends). If the only professional experience of a "coin founder" is his prior employment as a trollbox moderator (UTC coin) - is this a good or a bad sign? If a developer has abandoned 2 previous projects, how high are the chances that he will abandon/crash that 3rd project you are investing in (LISK)? A successful coin needs a good business model and top developers. Good marketing is a plus.

* Check Reddit, Twitter for that coin. Only a few postings, no new postings, no active developer AND user community are very bad signs.

* Is your prospective investment a first mover or a copy cat of a copy cat coin (bitcoin->litecoin->feathercoin)? Copy cats without a distinctive new feature set will never win against its parent coin. To succeed they would have to grow FASTER than their parent coin. To grow faster, that new coin has to offer some features which are unique and are sought after by the market.

* If YOU think that your prospective investment has a really good reward to risk ratio then buy and hold it. Daytrading is for pros (but not for newbies) or for those folks who are in need accumulating bragging points. Most daytraders (and gamblers ) are lying to themselves and others about their successes.

* If you are investing early in a successful coin, it doesn't matter whether you bought in at price x or price x+50 percent. If you where buying bitcoin before 2013, each entry price was OK. Instead of mining use your hardware money and buy that coin. Much better reward if you are expecting a longterm rising coin value.

* Never trust swarm intelligence in a forum like Bitcointalk. Instead of swam intelligence you'll often find swarm Dunning Kruger effect.  https://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect .

Good look and don't get greedy


  

Well said and totally salient advice.

Best advice is: do your own DD and don't listen to others for crypto investment advice. If you cannot do due diligence by yourself then stay out of crypto investments. 95 percent of all crypto coins are junk. Created only to enrich its "developers" (better: copy cats).

Reading this thread starting from page 1 was really big fun. There were so many BS postings that you cannot take 90 percent of these posters seriously. Ethereum is IMHO a crypto coin built by highly intelligent folks with a huge potential. There are also risks that Ethereum might not succeed. As always the calculation is RISK versus potential REWARD. While risk is non zero, potential reward is IMHO huge.

Hint: forget copy cat coins...   

Amen
 

The price of the Ethereum is very volatile. It just rose from 0.16x to 0.20x. That is very difficult for us to trade.

in my opinion, in trading altcoin, don't trust 100% anyone who give you signal, you must research before buying/selling your ETH.
i think ETH is best market if you can analisys when time to buy and when time to sell.

only start buying now if you can wait to see roi and only if you have enough btc to continue buying as it continues to drop for the next few months.

Totally New to Ethereum, but now looks like going down. What is the best advice for newbie to Altcoin and specially Ethereum, is it good to buy now or wait little bit ? if wait how long and what price should newbie can buy ? Thanks

Even so, it represents 50% profit for the miners at a selling price of $8.
These two have to converge quickly before people start buying. Right now, they can easily mine if they want to, instead of buying paying such a huge premium.

The whales are going to dump the price much more and will continue to dump untill they reach their required price and after that the news about the price rise will start and everyone will rush to buy it and then an era will start when everyone will thing to invest in ethereum.

That mining cost was 3 month ago's cost. Today's mining is much higher, probably it is $4 for most people.

The cost of my mining was about $0.5. I still think I should have sold when the price was $15. So it depends on individual.

Depends on when you got in.
If you got in when the price was $0.75, you really won't feel bad about not selling. 

The problem is who u trust are not trustworthy. Nobody trusts them so u shouldnt too.

Google it noob you are embarrassing yourself (and the other dumb ass noobs too)

- Plausible deniability is worth money cash fiat dollars $$$

How so ?
Simple.. Launch ANY Crypto related "thing" for no purpose other than to make money.
Craft it in such a way so that the people who defend it can imply a plausible alternate excuse for why "it" exists.
(It all started with Altcoin CLONES that tried to tack on value added services)

Too me a coin like Monero with "Anon" features or a coin like Ethereum with "DAPP's" fits the bill perfectly.

It's always been this way and i you can't see it i will say the most typed out comment i have ever said here..
You are all dumb and in denial or are deceitful (or both)

It really is nothing but a giant scam full of 75% noob / dummy fake accounts playing stupid for bucks $$$
I don't even think most real noobs will fall for most of these coin scams.

Keep creating new accounts and POSTING obvious bullshit for money guys.
Let me know how it works out for ya.. or just hide LOL
I'll know i will be watching

HEY stoat.. WHO ARE YOU?
Don't tell me you went back into hiding again?  

ETH = Scam ..said me in 2014 when it launched.
Others agreed and posted proof.. what happened later simply reinforced what we already knew.