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Follow Reddiquette and Reddit Content Policy. Inappropriate behavior includes, but is not limited to: Do not create new accounts to get around Reddit or Subreddit rules may result in a site-wide permaban by Reddit. What is the subreddit for etc trading? It looks like it's in a down trend, it may lead to the demise of ETC all together ETC's rise was way too fast and yet we didn't see the predicted dump that many promised.
There was a very heavy dump today, and the surprising thing was how much money was buying in. Good point, I hadn't thought of that. What's your opinion on the DAO etc coming on market? People who identify as 'white hat', generally allow ethics into their decision making process. The hacker will sit on his ETC until he can mix them through a contract big enough to accommodate that kind of volume.
Something with ring signatures. Then he can try to move those coins through an exchange, but the risk may never be worth it. Consider the situation too.
We have essentially a new currency with an 82 million coin premine that is in the hands of God knows who. Kind of hard right now to make any kind of rational arguments, or discuss legitimate trading strategies. It's near impossible to pump and dump a sizeable market cap with high volume. Well I don't think he would dump all at once but there seems to be a lot of ETC that could potentially be dumped by people who are antagonistic towards classic.
I'm just trying to make an educated decision on how I want to invest. The antagonistic individuals are the cause of the massive sell volume we saw today. It wasn't those who bought ETC early and are taking profits.
The dump today was an obvious attempt to drive down price. When buy walls would form up, something was driving head first into them. There are many many questions that are looming over the ETC space in the near term future. I am agnostic, but trying to be realistic about what's going on.
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No posting addresses or soliciting money exception: This is an archived post. You won't be able to vote or comment. Want to add to the discussion? People who are realistic get bad results.More...