What's the deal with the sudden ETH drop? - page 2.

jjacob

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Quote from: Ayers on June 28, 2016, 10:20:46 AM

so for you 0.002 drop is "dropping rapidly" lol, isn't it just 10%, to me it look like a market activity, it is dumping after buying cheap when the dao made the price crash to a very low level, i don't remember if it was 0.0014 or lower

An 8% drop does look out of place when Bitcoin has moved in the opposite direction (+2%).
More than profit booking, I think the drop has something to do with the softfork being debated.

Ayers

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so for you 0.002 drop is "dropping rapidly" lol, isn't it just 10%, to me it look like a market activity, it is dumping after buying cheap when the dao made the price crash to a very low level, i don't remember if it was 0.0014 or lower

jjacob

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Quote from: Dank Frank on June 28, 2016, 09:49:05 AM

And lots of alt coins drops when btc rises. I wonder where eth will be in a few weeks...

We know that this is not the case with ETH. Both BTC and ETH had a bull run some time back.
Plus bitcoin isn't rising rapidly now.

freshman777

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Hot money exiting ETH, jumping on NXT, NEM.

vlom

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Quote from: haendehochueberfall on June 28, 2016, 09:30:50 AM

Quote from: Adriandmen on June 28, 2016, 08:53:36 AM

Looking at the graphs, it seems that ETH is dropping rapidly.

Why is that?

It's because price would already be through the basement if it wasn't supported artificially after the last dump (look at the unnatural sideways -action with no volatility of last week). The marketmanipulation was obvious and now is maybe coming to an end.
Sorry for your loss. If you didn't identify the market as heavily rigged you shouldn't trade alts. Still time to get an exit ...

eth is really moving strange during the last weeks. if you don't have time to make your own investigations then it is better to stay out.

fortunately i was able to sell at good price and now i am just holding and forgetting about the rest on my eth.

SmirkinPepe

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might be this

http://hackingdistributed.com/2016/06/28/ethereum-soft-fork-dos-vector/

Dank Frank

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And lots of alt coins drops when btc rises. I wonder where eth will be in a few weeks...

haendehochueberfall

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Quote from: Adriandmen on June 28, 2016, 08:53:36 AM

Looking at the graphs, it seems that ETH is dropping rapidly.

Why is that?

It's because price would already be through the basement if it wasn't supported artificially after the last dump (look at the unnatural sideways -action with no volatility of last week). The marketmanipulation was obvious and now is maybe coming to an end.
Sorry for your loss. If you didn't identify the market as heavily rigged you shouldn't trade alts. Still time to get an exit ...

tokeweed

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It's no surprise really. The DAO was attacked and lost quite a lot of ETH funds. I'm more suprised as to why the price has not fallen even more right after the attack. But a lot of people (me included) speculate that it's the insiders of Ethereum that are trying to support and maintain the price after the big recent dump. And they should in order to protect their whole investment in the platform. But how long could that really last?

I mentioned a possible short opportunity coming just a while ago in this thread https://bitcointalksearch.org/topic/m.15394832

Adriandmen

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Looking at the graphs, it seems that ETH is dropping rapidly.

Why is that?

Topic: What's the deal with the sudden ETH drop? - page 2. (Read 1641 times)