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Topic: I think Ethereum will be finished after this attack - page 9. (Read 15602 times)

hero member
Activity: 826
Merit: 502
no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after

They are trying their best to come it back to the track , and as it has some good supporters I am looking they are getting once again to the success, but people will for a long time feel a fear of hack at there.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after

So you believe "they" can bring the price back higher?

I thought this was a technology project not a price project.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Ethereum will continue to slowly bleed out over next 26 days until the "stolen" ETH is available to be spent. The big bleedout will occur when one of two things happen:

1. Ethereum forks, either soft or hard, both would be disastrous to the long term viability of ETH. It would be a very dangerous precedent to set.
2. No action taken, the "stolen" funds become spendable and the attacker dumps them all on the market, because who the hell wants to sit on several million dollars worth of funny money?

Either scenario would involve a mass dump return and Ethereum back to sane pricing. Over 1 billion market cap for an unproven system was always unsustainable - this just hastened things along. I would not be surprised to see it go under $1 or $2 after all this is said and done. I worry what the community will do, since this situation is very similar to what happened with NXT, even though no fork was issued there, the community was split down the middle and the coin never recovered.

Time will tell. Ethereum still has a long term chance if they do not fork, and the community does not divide itself, though it will take a long time to recover from this market shock. Very unfortunate situation for all involved, but maintaining fungibility should take priority over everything else.

Now 30 days later and your prediction on price has been proven to be true. Price is now 0.01625BTC/ETH and it was 0.027BTC/ETH right before the hack.

Thats a 39.8% decline.

I expect it to fall further in the months to come. Not sure if it can ever recover by setting this precedent with the hard fork.
legendary
Activity: 1778
Merit: 1043
#Free market
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

haha, by the time this "suggestion" was posted eth price was above 0.0181BTC and it went down to 0.016BTC which is only loss so far if anybody acted on it Smiley
sr. member
Activity: 294
Merit: 250
please help gofund.me/bigs21024 Family in need
no way you are so far off. Eth has so much money and talent behind it no way it is going anywhere it may go down but im sure they have plans for it to bring it right back after
full member
Activity: 154
Merit: 100
Finished. As in keeps on going and rising

deadcat bouncing.
ETH is going down, wait and see.

That could be right. The dead cat bouncing could bounce to $50 before it drops to around $30 again.
sr. member
Activity: 350
Merit: 250
Finished. As in keeps on going and rising

deadcat bouncing.
ETH is going down, wait and see.
full member
Activity: 224
Merit: 100
What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I think it is better to wait until the hard fork in a few weeks. If there is good community spirit, then buy some.

Haha Cheesy yeah. ETH will not die this year. Also, im planning to buy ETH.

I heard a Chinese company bought about 1 million Etherum some time last year to support the development of Ethereum. It might support it after hard fork.

Well this was a good news isn't it? especially now, the rice of ETH is continuing to rise and then some accusations will pump out that it will die. Not gonna happen

Finished. As in keeps on going and rising

Yeah it keeps on climbing up. I think what they predicted will not happen. Let's see after the har fork on what will happen. But im confident that ETH will survive this.
sr. member
Activity: 686
Merit: 270
FREEDOM RESERVE
Finished. As in keeps on going and rising
hero member
Activity: 752
Merit: 501
I heard a Chinese company bought about 1 million Etherum some time last year to support the development of Ethereum. It might support it after hard fork.
member
Activity: 123
Merit: 10
What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I think it is better to wait until the hard fork in a few weeks. If there is good community spirit, then buy some.
sr. member
Activity: 357
Merit: 250
What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I bought some while diversifying my portfolio investments, this is not a good time to be too confident on ETH.

But the miners are very confident in the Ethereum. Look at the network hash rate, it is another all time high.

Miners only care about what makes them $$.

That could be true. When the price of Etheruem drops to $4, and it becomes unprofit to mine, they will stop.

That happened two years ago. Miners found it was not profitalbe to mine litecoin, they sold their cards and crashed the card prices.
full member
Activity: 203
Merit: 100
★CryptoGamesFX.com★
What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I bought some while diversifying my portfolio investments, this is not a good time to be too confident on ETH.

But the miners are very confident in the Ethereum. Look at the network hash rate, it is another all time high.

Miners only care about what makes them $$.

That could be true. When the price of Etheruem drops to $4, and it becomes unprofit to mine, they will stop.
hero member
Activity: 547
Merit: 502
What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I bought some while diversifying my portfolio investments, this is not a good time to be too confident on ETH.

But the miners are very confident in the Ethereum. Look at the network hash rate, it is another all time high.

Miners only care about what makes them $$.
full member
Activity: 203
Merit: 100
★CryptoGamesFX.com★
What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I bought some while diversifying my portfolio investments, this is not a good time to be too confident on ETH.

But the miners are very confident in the Ethereum. Look at the network hash rate, it is another all time high.
sr. member
Activity: 459
Merit: 250
What doesn't kill you only serves to make you stronger. It's time to buy more ETH.

I bought some while diversifying my portfolio investments, this is not a good time to be too confident on ETH.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
What doesn't kill you only serves to make you stronger. It's time to buy more ETH.
sr. member
Activity: 357
Merit: 250
Ethereum will not die, silly.  Just because your Lego structure that you built was unstable initially, does not mean that you throw your Legos themselves away!

Ethereum and programmable chains will continue to teach devs what not to do.

But then again, we always knew that Ethereum was just a teaching tool:

That teaching tool was very expensive. The price is more than $1 billion.

Does anybody know when the proper soft fork software will come out?
newbie
Activity: 1
Merit: 250
Also mayor mistake from beginning was promoting it as BTC 2.0, ethereum should never compete with BTC! his place is corporation use and not currency decentralized concept!

This was not a mistake, ask yourself why a major Bitcoin outlet like Coindesk promoted Ethereum from day one with the rhetoric of being the next Bitcoin, ask yourself why it was allowed to do so? There are two major reasons but the most certain one is that it would never ever be BTC 2.0.

Do you really think Coindesk provides absolutely unbiased news about cryptocurrencies, with no ulterior motive at all? They are about as unbiased as FOX News or MSNBC.   Roll Eyes You have much to learn about the Cryptocurrency space, newbie. (Or did you just create this sockpuppet account to try and get real noobs to help in the fight to prop up the sagging Ethereum markets.)

Thats exactly what I meant. What motives are there we can only speculate.

I'm not defending ETH at all, by the contrary. There was also no point in saying what I think when it was being pumped and the creators were making bank, people would simply call sour grapes.
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