Topic: Ethereum scammers trying to suppress BTC till they find someone to Dump Eth on - page 9. (Read 9324 times)

Please don't blame Ether whales ..

That's nonsense..

Well then where is BTC whales?? they could just mass buy to soar BTC price up.
Since you said BTCÐ is negatively correlated, ETH whales eventually need to cut the loss and convert it to BTC, right?
Short covering could happen,, but seems like BTC whales ain't doing shit,,

yeah that's market action,  supply & demand, work of invisible hand~
Please don't blame it on ETH whales, it just makse you more pathetic

Your logic is just way too biased

Calling a scam a scam is not biased.

r0ach,, you are way too biased ~

(it was actually like 4000 btc market sells in total with 2 chunks of 1000 to try and manipulate down but failed - clearly orchestrated event)

There's mass desperation on several exchanges trying to keep BTC lower.  It was obvious the second someone did a huge market sell when BTC was $470, causing $35 in slippage.  Nobody that actually wants to sell attempts to cause slippage on purpose, only for manipulation.  The reason is that BTC and Ethereum are somewhat inversely correlated.  When BTC goes up, Eth crashes.  A lot of Chinese and American whales drank the Vitalik koolaid and invested in Ethereum when they know nothing about cryptocurrency at all.  Little did they know, Eth is a completely dysfunctional product and referring to it as an outright scam is not an exaggeration:

The Ethereum Paradox

https://bitcointalksearch.org/topic/the-ethereum-paradox-1361602

Now the Eth whales that pumped that blatant scam to $1 billion dollars market cap are desperate to find someone to dump on before the BTC halving causes the Eth price to completely implode.

*Update*

Ethereum created a new pump scheme called the "DAO" in order to try and give the illusion of a risk free chance at gains, but the real goal was just to temporarily lock up enormous amounts of Eth and prevent it from being spent so they could attempt to pump it.  The DAO now has $150 million denominated in ETH that can be sold on May 28th.  Most people now know that the DAO is a horrible investment, so the single entity pumping Eth right now is trying to find momentum traders to dump on before May 28th comes when he knows the Ethereum market is going to crash.

First the Eth pumper will dump, then the Eth DAO will dump on May 28th, then the Bitcoin halving after will cause the Eth bubble to collapse even more while BTC skyrockets instead.

Why people know the Eth DAO is a horrible investment:

https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa

https://bitcointalksearch.org/topic/why-would-anyone-buy-this-dao-crap-1471177