Topic: What will happen to electroneum price once they fix their wallet? (Read 1264 times)

Nothing special will happen once they get that fixed because they are a scam coin that nobody really wants.

The wallet problem was probably the best thing to happen to ETN as it allowed a huge volume of trading from the mining without flooding the market with 4+ billion coins at once. The delay allowed the coin to establish a price point and is allowing trading without the 4.4 billion pre-buys temporarily destroying the coins value. For a new coin it's moving huge volumes and has been Cryptopia's top traded coin or within the TOP 10 out of 1200 the entire 2 weeks it's been out.

https://www.cryptopia.co.nz/Exchange/?market=ETN_BTC.

The miners should be thanked as they are the only reason the coin is trading and has high volume and a building market cap. Many people don't know that coins don't work without the miners validating transactions and keeping the bookkeeping correct. The current market value is doing well at around +4 TIMES the pre-buy price. Would you be happy with a +400% return on your money? That's what it's at right now. I'm actively trading and mining BTC and I'm up almost 2 BTC on ETN alone and I started with just .015 BTC! I'm a new miner and I've also learned how to mine and mined almost 1 Million ETN already. ETN is also one of the most profitable coins to mine and at times beats all other coins on the market.

When the 4+ Billion pre-buys hit the market you'll see the coin tumble in value as many people just bought them to flip and cash out. Once that mess tapers down and the value crashes it's time to buy again. I'm actually buying and selling each day making money off the volatility.  

Electroneum.com has a solid base now with close to a half million invested in it. Pre-buys, miners etc,.. I didn't do the pre-buy as I came in late. The Electroneum team is actually pulling off incredible things that will make this coin hit the masses. The mining app is  going to pull in millions of users. Just watch. Free money without even draining your battery or touching your CPU. Teenagers would love an extra $5 - $30 a month. Many kids only get $1 allowance. There are about 2 Billion smart phones. Pokemon was hitting 40 million smartphones within the first week. The electroneum app has a very good chance of spreading like wildfire as it can be used anywhere in the world. How many kids, teens and foreigners (many only make $1 a day) will flock to this for extra income? 

I'm not saying it will reach Pokemon user base levels but most of the new miners have never mined or ever traded a coin. The marketing approach is simply brilliant and has the potential of going viral very quickly. People will open their phone numerous times a day to check their mining stats. They will share how to do it by wold of mouth and it will probably stir up a good deal of controversy (publicity) Example: 10 year olds mining and buying products without the parents around. Kids running their own business and getting paid.

Also, Electroneum used the Monero codebase and it's the exact setup using the same pool and mining system. Even some commands still say monero. Monero is trading at $124.57 a coin. Monero is pretty much a necessity for many underground operations like drug cartels, deep/dark web as it's totally untraceable unlike bitcoin that the government and IRS monitor with chainanalysis as BTC trading can be completely mapped finding the paths and source of who is trading. Monero can't be traced. Monero is moving about $1.5 Billion a month in volume because of this.

The only other monero like coin is  Aeon trading at $2.43 a coin. The underground desperately needs a secure way to scrub money more than once and that's where I'm predicting electroneum is going to come into play.  Scrubbing once is good but twice is even better. The dev team won't mention this and might not even give it any thought but the probability is very high. Electroneum is already trading a high volume and will probably be used by millions because of the dev teams excellent marketing.  With all the marketing avenues the dev team's targeting. I wouldn't be surprised if Electroneum ends up as one of the highest volume trading alt coins in existence.

Its too late if they fix their wallet,the price drops already and the investors are unhappy.Good for the founders they get millions of scam coins.

Might even fall below ico price initially, but it should go up gradually as people regain faith. of course, this is all dependent on whether their wallet and mobile mining works well.

They cant fix it,if they can they have fixed it earlier because the price drops to .01 per coin unlucky people who bought the pre-ico.

The price will fall to 0,01$ for 1

I think it will be dumped for a while and recovery will occur when electroneum is listed on the exchange that has been planned by the team

There is a possibility of a dump caused by the bounty participants and also the miners who have not obtained their coins through mining, but it won't cause the price too much.
At the same time, investors/traders will come because the wallet has been released and they finally can save their ETN.
I'm sure that there will be a pump after the dump once everything is fixed.

Once they release the wallet for sure the value of ETN will dump! So many investors are being disappointed with what happen. Time of waiting will kill this coin. Sad but true

For sure it will dump as soon it is listed but this is good for those who believe in the project because we can buy at a cheap price more ETN. I think that in the long therm it will sure pay off. I hope i can buy another 100 k and hold them for a least a year.
Everyone is hyped right now on the ponzi schemes that keep apprearing , esspecialy bitconnect. I think this will not last for more that a year and after that people will se that a scheme like that cant be sustainable.

it will dump for sure. Lots of scared ETN supporters in their telegram trying to come up with stupid plans, such as everyone setting buy orders once it hits exchanges, so as to set up a level of support for the price.

I expect at least a 30% decrease from ICO price.

Again and again I read the same:


Guys, don't you understand that bounty hunters can't ever affect the price level? What can they do with their volume 1-2% of total supply maximum? Nothing. For example, Electroneum bounty pool is only 20 mln tokens ($200k for ICO price) and $40 mln were raised fm investors during ICO. And often these guys get their rewards much later than listing on exchanges took place.
When you see that somebody sell the tokens cheaper than ICO price with good volume be sure that this is private early investors do because their prices fm private pre-sale allow them to do so.
Most of ICOs have the following scheme now: On early stage some big whales invest in project and get a huge bonus (private sale). Then there is a pre-sale, where small whales and groups of small investors get smaller bonus. And in the end of campaign ICO is carried out, where everyone can buy tokens at the highest price. After listing on exchanges big and small whales start to sell the tokens even lower than ICO price (if there is no explosive price growth right after listing of course), because they have a good profit even in this case. And at this time all the ICO participants are indignant why bounty hunters sell their rewards at such a low price.

As for Electroneum, so I'm sure it will be huge dump once they fix the wallet and as a result the price will fall lower than ICO price.

maybe the prize is dump because of bounty hunters or otherwise the will pump according to the developers as if he had a good reputation to take the coin pum or else the coin will dump easily cause of hunters. Maybe we should about the just wait to pick up the tokens. goodluck to us thank you

Wow thanks for the responses guys. Never thought people respond that fast here in the forum.
But yes, i agree with most of the votes cast so far. People were hyped but greatly disappointed. A dump may occur. Lets see what other people think.

Price will probably dump because of those bounty hunters. The surge of bitcoin's price too doesn't help as most investors in etn would probably sell their funds to get on the bitcoin ride. This would probably continue for a month but it woudn't be a problem for long term holders as many still believes in the project

I think in near term dump will occur. In addition all the bounty participants haven't been paid yet because they are fixing/tightening the security.

All currencies are good after updating, but still important is the response (reception) of the member. I always hope this money will be good!

whole crypto world was so hype about Electroneum just because it is from UK..

but all of these shortcomings and delays I do not expect a good return from this..

The profit from Electroneum will be very small compared to the lending tokens.. or coins marked as spams..

I am not at all worried about wallets delay because it has already blockchain up and running but they are taking few extra measures for security as it will be good for everyone.The price will pump because many people believe ELECTRONEUM. I disagree with the about comment.I am in their social media groups, no one is angry with the team, but they are happy to be a part of it.Everyone has hopes on ELECTRONEUM.Initial pumps and dumps are not important because ELECTRONEUM is for long term.

I wouldn't be surprised if a dump occurs once people have access to their funds. They bragged about security preico and boom, they went down. Kind of ironic if you ask me.