Topic: What are we witnessing? a simple ETC pump or a real change? (Read 1458 times)

It seems to me that all these predictions are deceptive and it is not worth spreading information that is not supported by any facts. Many times predicted the best growth of ETC, in comparison with the etherium. But the result We all see quite different.

The fact that the hack owns large amount of ETC and will dump some time will put a cap of the price of the ETC.

The hacker will never dump because that would reveal that he is the hacker. Hackers don't dump, they sell slowly. Hacker dumping is ETH camp FUD.

That is the concern for many people. Otherwise, the price could be as high as the ETH by now as ETC has some wealthy pumpers.

My fear is that the hacker might be hoarding ETC for a massive dump in future. That will be awful for long term holders, I personally would not consider holding a coin that has not lasted for at least 1.5 years

The ETC price could drift lower. The big dump will happen when the ETC price is less than $1 or lower.

Yes, for a while at least. I'm afraid we haven't seen the big dump yet.

The price is more like to go down due to the big dump by the Ethereum ICO holders and the hacker.

This is no usual pump. It could go either way.

You might be right. So there is no hack to the Bitfinex or the Mt Gox. Those are all due to bugs in software.

I outline why I believe this is occuring here: https://bitcointalksearch.org/topic/m.15778167

He is not an hacker neither a criminal.
He use the smart (no so) contract the way they were designed that set.

He is a just a smart person and a bug finder.

Yes you are absolutely correct the DAO dandy was on a moral Robin Hood crusade. As he's begun to move extremely large amounts of ETC, totally $10 million, we expect he will be donating it to the cure for cancer.

Wake the fuck up. Your about to get shat on.

Incidentally I own and equal share of ETH and ETC but on principle I will never support a criminal.

Here's a gud quote:

"When has hacked crypto ever "NOT" been dumped? ETC is no exception. A criminal with no morals steals and yet those blind to the "faith" think that for some reason he robbed the DAO out of principal? They hacked it for the money and the exchanges selling this turn a blind eye because they will make millions and pretend they had no prior knowledge that this was going to happen. LOL"

And he keeps ignoring the fact that the hacker is not an idiot and will not dump to reveal his position to the exchange where he would supposedly dump at.

It's so obvious that the hacker gains value by being positive towards ETC's outcome.

Those coins wont be sold instantly.  He has bigger motives to de throne vitalik and his abomination followers like yourself.  He will sell a little, but he has other motives, he is not an idiot and wont just want to crash the market.

Wake up or get left in the dust.  ETH supporters are dropping like flies and swarming into ETC where they belong.  Truth hurts sometimes.

Massive massive pump before the bloodbath ETC criminal coin dump. DAO attacker has begun moving funds in preparation for a simultaneous ETC dump.

ETC is very real. It's the answer against bailout attempts in the crypto community.



The hacker will never dump because it will make clear that he is on an exchange dumping, exchanges can find out who he is since you need to disclose your real ID to deal with big amounts of fiat money. Therefore, he will never dump, he will probably use several accounts and make small sells. He doesn't want to crash ETC too, but like I said before, above everything else he doesn't want to get caught.

I don't believe that there is a pump as well.
Simply because the hashrate increased the last few days dramatically to over 1TH/s today.
If it really should be a pump, it would be a solid one.

I think the ETC move is real, and that it's going to cross ETH in economic and dev activity and leave ETH for dead in the coming weeks. Immutability will thus become a core value prop for any public blockchain system.

I strongly believe that any coin which is associated/lead by a group of publicly known people is a huge disadvantage.

I think Bitcoin's success partly comes from Satoshi not being known.

ETC supports all real dapps that ETH supports.  That said, what do they represent, actually, apart from some Ponzi games ?  Are there real killers running on ETH ?  One had the impression that ETH was a one-project system, with the DAO (and of course not all ETH was in the DAO, as the DAO was supposed to make profit, and hence get in more ETH than originally invested - if the only value increase in the DAO was the increase of its ETH stash on the market, then the return would be just as great for non-DAO holders than for DAO holders).

Now that the DAO is not only dead, but also demonstrated the ridicule of such kind of project, which has put an end for the time being to all such mega projects, what's still there to run on ETH / ETC apart from some silly smart apps like Ponzi games and betting ?

So, probably there aren't any running on ETC, but are there any running on ETH worth mentioning ?

In other words, as you say so rightly, is there ANYTHING that "justifies its valuation in the market" (for ETC as well as for ETH) right now ?

Finally, ETC got finally rid of "leadership", and is more a free-floating project, but can take everything that ETH does.  Isn't that the best of both worlds ?   Isn't the stability and the lack of leadership exactly what makes a good crypto ?  

BTW, the attackers' coins are really not any issue.  It is small stash compared to daily volume, and especially compared to all the dumping that most ETC holders in the ETH camp have been doing (and explaining the large daily volumes).

Thanks not sure though.. less than 30 days i think it was.

I also just seen a sticky here that said

">>> ATTENTION: PRICE SPECULATION DISCUSSIONS DO NOT BELONG HERE <<< New"

Beware people

PS:
One of these other guys will know and comment i think

Yeah, exactly my thought. I am asking generally about ETC, which is a weird topic, because of the DAO funds that could crash the market.

I have seen people on this forum throwing some hate on you dude, I think you're a good guy. and when is the earliest time the attacker could release his funds to the exchanges?

Your topic title question + comment is hard to answer.
Can you clarify what you are asking ?

Such as..
Are you just asking the community here about ETH + ETC ?
Or are you talking about change on larger scale (the whole scene / all coins)

Guessing you meant in relation to ETH / ETC ...

ME? i am not so sure.. first thing that comes to mind i think is the attackers deadline.
As far as i heard we don't know what his intentions are when he gets his coins later.
The fear of him dumping might have a major impact if you think about it rationally.
So far..
I think people have been playing with ETC feeling safe and secure knowing the attackers funds are not ready yet.
So just wait until that security is taken away and then we will see what is REALLY going to happen.

I think it is a pump based on speculative growth because ETC comes for free the only requirement for having it was holding ETH during the hard fork and thanks for the stand against hard fork by some stakeholders in the community and revelation about the shady deal embarked on by the ETH foundation to get the miners to support their bail out deal. But with all said ETC so far has no developers, no dapps and also none of the incoming project on ETH has announce is going to move to ETC except the recent increase in the hash rate but we all know the miners only follow the money, they are setup to make profit not to defend any ethical values. until ETC start supporting real dapps that will justify its valuation in the market.  Another thing we must be concerned about is power tussle among developers who join the project which I can foresee because of different vision for the platform which can stall progress . Bitcoin is a good example

Definitely a good point. Now that no one is behind it, this may then goes up and may surpass ETH and may even beyond.
seem like the end of ETH perhaps. are some features of ETH still there?

Miners have no higher immutability standards. They just chase the profit. If the ETC price drops, so will the hash rate.

I don't think ETC is just a pump. People legitimately like it against all odds (51% threat, hacker owning a huge portion of coins, no original dev team, etc) because it's not a bailout coin and because Vitalik is not behind it.

ETC started climbing in price like crazy. seems like a pump.
Ethereum is almost at 10$.
Bitcoin is at 600$.

What's coming next? dump of ETC and rise of both ETH and BTC? or a continuous rise of ETC?