/biz/ - Business & Finance

>>1127561
Let it. I don't even care. It's just breathing. Let it breathe.

Sold yesterday faggots
POWER
LEVEL
INCREASING

>>1127561

Lol nocoiners hate watching ETH ready to gloat

>>1127574
same. 3 mil master race.

The term ethercuck will now take on its full meaning.

People on this board are about to get turbo cucked.

>>1127561
C U C K E D
U
C
K
E
D

>sold ETH two days ago put into MAID
>sold MAID yesterday put it into FCT
>ETH crashes, MAID down, FCT about to blow as I'm cashing out
It's the good life.

>>1127561
I bought 70 ethercucks yesterday, thought it be at least 13 by now. I bought buttcoin high in 2014 and I bought ethercuck yesterday, fuck you all.

>>1127602
>buying at the top
Literally why would you do this? You deserve what you got.

(I also said in several threads it would crash in 1-2 days and everyone laughed at me saying I was "fantasizing" - who's laughing now fags?)

told you fucks. it's not gonna compete with LTC ATH without some major shit going down.
look at this fucking chart, oh wow. thousands of kiddies with £100 worth are running home right now, tears streaming down their faces. the dump is just beginning.

>>1127602
Well at least you're not a nethercuck.

Most of the people here jealously crowing about ETH dropping in price a tiny amount have no money in the market at all. So they don't profit either way.

Dont get me wrong, Ethereum is a great concept and I will rebuy.

But get real fags, the current price is 90% higher than it should be.

>>1127608
And then you zoom out and realise it's nothing.

Bought about 20 btc worth at $12, sold it with a $800 loss. Fuck you faggots

>>1127614
>nothing
>-15.40%
>happened moments ago, people yet to notice

>>1127614
Yeah, thats how you guys should read the charts.

what role does the volume have anyway ? ETH is bigger for USDT then BTC.

>>1127616
>buy high sell low

good strategy. now you'll miss the rally and the next pump.

Last Price
0.02451001
24hr Change
-16.49%

fucking lol. we gonna hit 200k?

When you see people complaining that they are not able to get BTC fast enough to invest, if time to get out as soon as possible.


“”You know it's time to sell when shoeshine boys give you stock tips. This bull market is over.[1]
Joseph KeNnedy

>>1127625
>200k
oops. 2 mil i mean.
christ, i can't believe it's even as high as 2 million, i bought in december for 200k.
this dump is gonna be biblical.

http://youtu.be/U29f8ks13l8

>>1127626
Yeah thats why you get plebs on here telling you to invest in index funds.

Meanwhile ETH + 4000% in 2 months

pulling out of ETH to try to trade other coins for a bit but fucking poloniex is crashing because of all the people with the same ideas.

>>1127561

rookie here: does one single bigass red candle mean a fuckton of sell orders placed?

>>1127561
WE TOLD YOU FUCKING ETH FAGS WE FUCKING TOLD YOU!!!!!!!!!!!

I warned everyone not to buy ETH I told you niggas shit was volatile but no you kept listening to retards spamming eth.

>tfw had my btc ready but missed the dip, its already recovering....

JUST

>>1127652
someone dumped HARD into the buy orders

>>1127653
I'm still way up and I'm sure it will keep going up soon enough

>>1127655
people have gotta go to work/school tomorrow. shit being this precarious means that every fucker is gonna sell today, betya. don't panic buy, leave your order where it is bruh.

>>1127661
but how low should i set it at? it already touched 0.0225 at its lowest point in the dip.. whats are the chances it will reach that low again today? as far as i can tell this only happened because bitcoin shot up..

>>1127665
i'd be surprised if it doesn't hit 2.5mil again. don't forget this shit is global and a lot of the planet is asleep right now.

>>1127616
go vote for Hillary you dumb faggot

I just put half of my eth into btc, when should I buy back in?

>b-but ETH isnt pump&dump, it is the future!!

all in all we should agree at what value one should start buying after the crash

>>1127669
>>1127665
aaaand we're at 245.

>>1127684
Now

>>1127706
Bought back in right now, came out 1 eth richer.

>>1127684
0.02

>>1127720
what makes you think it would dip that low?

B U Y T H E D I P
U
Y

T
H
E

D
I
P

DUMP THE DIP
U
M
P

T
H
E

D
I
P

UU
U

KEKS
U
C
K
S

can somebody tell me, how long sell orders take on poloniex? i´m sitting here for 15 minutes now and nothing happens its still an open order

>>1127733
instant. you probably tried to buy the bid side of the book or something noobish like that.

ALL THESE ETHER NEWKEKS

>>1127733
>>1127734
oops, misread. other way around, but still guess it's what you did.

242. we're going lower still. starting to think this >>1127720

>>1127733
You have to put the sell order a little lower than the current price for it to be eaten up.

>>1127741
thanks

Is anyone familiar with kraken? How the fuck do I get a chart with more history? I can only see a graph in the span of an hour or so and I can't see any more options.

Guys, how is the process of selling ETH and getting real cash with it?

>>1127746
https://cryptowat.ch/kraken/ethusd

>>1127754
gracias

>buy high, sell low
welcome to /biz

so how much was dumped, 350,000 ETH in one go?

if so i bet it's the IPO dude who bought a million of the things.
he's only dumped 1/3 of his stash.

You guys are dumfuck retarted.

No one wants to use ETH for anything useful that could actually...you know....MAKE A FUCKING BUSINESS WITH IT.

Everyone has the same shitty idea of buying low and selling high so you fucks just treat cryptokeks like a money fountain and hope that it will one day spit out gold.

>>1127801
Oh this guy again. Why dont you go and check out the ethereum subreddit. You'll see how wrong you are

>>1127747
You're too fucking late

>>1127669
Uh everyone in europe and america is currently awake.

Anyway, crypto traders sleep about 3-4 hours a night max lol

>>1127747
Its called a cryptocurrency exchange

buy the dip faggots!

>he didn't buy the dip

laughing_millionaire_whores.jpg

>>1127561
It's already coming back dickhead

Fresh NEET here, grabbed $300 at $10, poverty here I come.

>>1127907
I think you actually bought the dip.

Are all nocoiners as illiterate as OP?

>>1127945
>nocoiner
i've been in on btc since 2012 bitch, and i kept telling you fucks that ETH isn't gonna reach 3.5 mil. everyone told me to gtfo. i sold everything yesterday for 3 mil, bought back today at 2.42, selling to you plebs yet again at 3.
>illiterate
why?

>>1127948
lol who gives a shit, while you hold on to your ass gambling, I cost averaged at $2, $4, $10, and at $10 again. Just put money in on regular periods instead of looking into a crystal balls for the dips and shit. Ethereum will overtake bitcoin, you're wasting your time trading. I'm holding till it reaches $400/ethereum.

>>1127561
>>1127571
>>1127608
>>1127614

Where are you guys getting these charts from? Apologize for the newb question.

>>1127954
>holding until it reaches $400
Ahahahahahahahahahaha
Holy shit. Why not $402.46?

>>1127965
seems like poloniex

Waiting on a $100 transfer so I can buy the dip

>>1127980
>yfw it goes to $4000

>>1127993
> $4000
Waahhahahahahahah
Not $4012.68? Lmfao

>>1127993

>>1127998
>being the nethercuck who says "wahahaha" to things when he got stumped

>>1127954
>doesnt use crystal balls
>holding until $400
Kek. Thats not an arbitrary number at all! Please yell us your deep anaylsis of how you arrived at this figure.

>>1128005
>2016
>memes
>nobody understands the memes but you
Wahahahahaha
Holy shit you're a faggot.

>>1128010
>saying wahahaha so many times it deanonymises you

>There are unironically people ITT that aren't long ETH

>>1128014
>doesnt realize I just said "wahahahaha" one time because you seem really butthurt at the other anon who said it
Wahahahaha (second time ever). Oh god you're easy.

>>1127561
Yeah the devs have basically said they're going to cash out your money to fiat, to continue funding their little adventure.

I don't know man, but that kid Vitalik is definitely on drugs. Happy shilling.

I'm hoping it can stay low til the 10th when my bitcoin transfer clears. Wanna get another 400$ in at a lower level.

>>1128020
oh my god! you mean they aren't using pure ethereum to find the project ? what a bunch of fraudsters!

>>1128017
naw. there's just some guy that always says something bad about ethereum and then goes wahaha in every thread

it's a great meme :^)

>>1128024
No I said they're taking from etherm and using fiat to fund their hookers and blow.. oh and also the project.

>>1128032
What like the hookers and blow coinbase CEO gets from helping businesses to cash out bitcoin in to fiat without ever having to touch shitty bitcoin.

Or the hookers and blow boomer and gen X bitcoin whales get from manipulating idiots in to paying $405 for a technologically obsolete crypto?

>>1128042
EXACTLY like that, yes.

>>1128042
>t. bitcoin bag holder

that fucking volume, holy shit.
yet 1 person was able to impose a 20% decrease in value.
amazing.

i think i might bail. on all 106 of my alts.
btc is where it's at.

>>1128079
>getting rattled by a 20% swing

how new are you? bitcoin routinely dumped 50%+ and it's still doing fine

>>1128086
>how new are you?
4 years.
>bitcoin routinely dumped 50%+ and it's still doing fine
yet alts die like fucking fruit flies. the tech means nothing. all anyone wants is to dump them for btc.

>>1128086
>doing fine
>stagnating
Pick one.

fucking newpleb bagholders. get a grip. EVERY alt is hyped in the same way that this new shit has been. give it a fucking year and something better will come along. always.
btc is where it's at. fucking save yourselves now. daytrade for sure, but holding altcoins? fuck me. good luck i guess.

>>1128095
>bitcoin price changes frequently
>"it's too votatile to be a currency!"

>bitcoin price stays the same
>"it's stagnant!"

pick one

>places i can spent ETH
nowhere. it's only bought to be sold for btc.
>places i can spend BTC
errywhere. there's a huge infrastructure of merchants accepting btc.
not to mention that druggies can only buy using btc.

nobody buys ETH because ETH. it's all about the bitcoins. ten times increase in a few months? fucking escape now.

>>1128122
>bitcoin price changes frequently
>"it's too votatile to be a currency!"

>bitcoin transaction volume and price is steadily decreasing over time
>"it's stagnating!"

Pick both.

>>1128015
This. Already got 7 ETH sitting around and I'm going to buy more once my fucking coinbase withdraw clears.

>tfw I could be buying the dip right now but coin base wants to cuck me

Oh well. Plan is to hold this shit for at least a year.

>>1128131

No one actually uses BTC to buy anything at all.

If you own it, then you also believe it will go up, meaning that the $10 you bought a pizza with is potentially $100+ lost in the future

Literally no one uses crypto as a legitimate currency right now, and if you do, you are clinically retarded

You will either lose money or get scammed buying anything or selling with BTC.

Companies only offer it to appear to be trendy and futuristic

>>1128134
transaction volume is higher than its ever been and the price has been rising for months

>>1128179
>If you own it, then you also believe it will go up, meaning that the $10 you bought a pizza with is potentially $100+ lost in the future

If I buy $10 of btc today and spend it on $10 worth of pizza, what does it matter if the btc is worth $100 in the future? Its exactly the same as if I spent $10 cash on the pizza.

>>1128179
>You will either lose money or get scammed buying anything or selling with BTC.
>Companies only offer it to appear to be trendy and futuristic

this is 100% exactly accurate

I-it's gonna go back up t-tomorrow, r-right guys?

Ether is actually fucking legitimately the best in class of all the crypto currencies.

Not buying it is financial suicide.

It will slowly rise from here and by the time bitcoin crashes another $50 you are gonna wish you had bought ETH while it's still $10

I'm pretty confident I'll be able to afford a helicopter with my investment in ETH by next year. Are you?

>>1128203
h-how much is a helicopter? :o

>>1128208
20-30 ETH depending on the spec

>>1128215
rofl. you guys a silly :^)

if eth crashes hard and never recovers how slow will /biz/ be after everyone kills themselves?

>>1128220
very slow!

SUICIDE THREADS INCOMING

The only suicide threads will be from nethercucks who cucked themselves out of 100000% profits by ignoring the facts staring at them in the face

>>1128185

Then why buy it in the first place instead of just using USD?

>>1128236
Because I can send it to anyone I want anywhere in the world almost instantly even if the banking system disappeared.

Try doing that with shitty USD

>>1128240
I can buy a pizza with cash even if the internet disappeared.
Try doing that with ETH.

>>1127561
What is it?

>>1128175
>People waiting and biting their nails, hoping the rickety and unstable infrastructure doesn't simply collapse before their transaction goes through.

It's fun to watch though. Can't wait to hear what everyone trying to convert their etherm into a usable currency at once will sound like..

>>1128244
If the internet disapeared the world economy would go back to the size it was in 1950 and 3 billion people would starve to death. Pizza wont even be an option.

Buy ETH you low IQ shmuck

So basically what you guys are saying the time to buy is now?

>>1128253
it rose too fast. daytrade now for sure, but fuck holding.

>>1128253
lol yeah, I mean I'm not really sure either, but I think that's what I'm hearing. You guys want to chime in on that? We're supposed to buy ethereum now, right?

The exact same thing happened a month ago.

>>1128240

Give me a scenario where the entire banking system died and you still have internet

>mfw coinbase or whatever just takes your money and closes up shop without notice.

not like THAT'S ever happened before, right?

>>1128264
Government limits foreign transfers under capital control measures

United nations sanctions

War


These are all scenarios where transfer of fiat currencies across national borders could be limited or completely blocked.

>>1128276

Crypto is useless in any of those situations

You wouldn't be able to exchange it for fiat, so you can't use it to buy essential supplies.

>>1128276
Yeah, and shit like this is what's cool and interesting about crypto in general, but like I've said: treating crypto as something cool and interesting and legit useful, and at the same time promoting it like it's a get rich quick pyramid scheme..

it's like shitting where you eat. Like the two things aren't compatible, comprende? I see a pretty lame justification going on that anything that builds interest is a good thing, but it doesn't really fly.

>>1128297
You low IQ retard.


In the event that fiat becomes hard or impossible to transfer across borders the increase in demand for the only method of doing so will mean huge price increases for cryptocurrencies.

And yes, you will be able to exchange crypto for essential supplies because people with essential supplies usually aren't retards like you appear to be.

>>1128276
so what you're gonna do with your shitcoins once you receive them? The only use would be if you could actually use them to pay for stuff, ergo if they replace fiat currency prior to whatever happening scenario you imagine and no government is going to let that happen

>>1128303
We're not promoting it like it's a pyramid scheme because it's not a pyramid scheme.

We are just flabbergasted that low IQ retards like >>1128264 still exist. And as responsible people feel compelled to get it theough their thick fucking skulls just how important it is.

Also, buy Ethereum.

>>1128308

Have fun using your magic NEET money at the grocery store then

The rest of us are living in reality

>>1128310
>hey shopowner, i know the economy aint doing so well after the UN sanctioned our government, thing is, I need to get some rice and milk and some rolling tobacco, thing is i only got these Ethereum that I managed to earn from doing programming work for a chinese company, the market price is $5000/ETH but I'll buy at the rate of $4500/ETH because they can be a bit of a pain to cash out. But they're definitely useful if you want to send money back to your family in the old country that you haven't seen for years because of this damn war

>>1128314
Just because I called you a retard doesn't mean that what I'm saying isn't actually the truth and you are not being a retard.

>>1128313
Anyone looking at the current state of /biz/ can see that you're obviously not telling the truth, that you are in fact promoting etherm as the next bitcoin bubble get rich investment opportunity, and that you're full of shit.

I just wonder if you yourself are even aware of your own motives, and if you are, then how do you live with yourself? I'm really curious to know.

Does anyone have the info graph going through the BTC>ETH process?

>>1128320
Haha ! Wow! Now that you put it like that its so obvious that cryptos are stupid xD

>>1128328
Im "promoting" ETH (somehow by getting in to messy arguments with retards instead of just making youtube videos and tweeting) to SAVE YOU from your own stupidity.

I'm ACTUALLY DOING YOU A FUCKING FAVOUR don't you get it?

>and then I told them Ethereum is going to the moon

So once ether hits the moon and we begin to dump, how is it done?
Just shapeshift it into BTC or something?

>>1128343
Actually. I took the poster i was replying to's shit hit the fan scenario, exaggerated it and showed how it would be possible to buy "essential supplies" with a cryptocurrency.

In a real scenario i would be able to evade capital controls, earn foreign exchange, easily swap for local currency on the open or black market (because in a scenario like that crypto would be in extreme high demand) and then waltz in to the shop and buy my food while OP is cucked out of all that because a foreign government put sanctions against the national banking system and inflation is a massive 50%

>>1128348
You know, I'm touched by how much you care about my well being, but like, why? Why do you care if I buy etherm or not? Why is it so important to you that you have to try and convince me? What the fuck does it matter?

>>1128363
If you're that short sighted just go ahead and dump now. It would be financial natural selection.

>>1128313

I thought we were actually having a real discussion

Turns out you're just another dumb broke ass neet shilling internet magic money.

Enjoy your poverty kid

>>1128366
It doesn't don't buy ethereum I don't care. But don't go around saying it's not a good idea to buy ethereum, because it IS a good idea to buy ethereum.

>>1128371
Enjoy your incredibly low IQ and missing out on being filthy rich because of it :)

>>1128367
I just bought 9 of the magic coins friend. Just wondering how people will offload a portion of their coins to use elsewhere.

I guarantee ETH will be at $13 within 7 days. Despite this dip I still haven't lost a cent.

>>1128372
How does your head not explode from the internal contradiction? Do you have such a low self worth that you just don't care how foolish you look?

I mean it's not like I'm throwing fast balls here..

>>1128374
How? You want to know how to sell ETH? How did you buy it? You do the same process in reverse.

>>1128381
My head is exploding because I am incredulous that some people here don't understand the implications of ETH.

It's a similar feeling to having next weeks lottery numbers in my head and no one believing me when I'm trying to tell them.

Or I feel like a time traveller who went back to 2001 and trying to tell people not to go to the world trade center and no one believing me. It's like I don't really care if they die or not it's just frustrating as fuck to not be believed.

>>1128381
Not to get in your guys' business or anything, but it's obvious that you got BTFO so you resorted to attacking the person.

>>1128397

on one hand i agree with you, on the other hand a lot of people have recently made 40x profits on eth and will be dumping to take gains and thats kind of scary

but lots of good things on the horizon, and india opening their exchange in a few days.. so there should be some growth no matter what I guess

>>1128397
Yeah but you don't really know what you're talking about. You're just acting like you do. There are a bunch of ways this could go, and you really have no idea what's going to happen tomorrow.

Like this poster noted >>1128371
You're just talking out your ass. Parroting some dubious logic you read that you don't really understand.

It seems to me that the people who have something to lose here are those have already bought it, not those who haven't.

>>1128399
Sure thing, buddy.

>>1128407
hope you didn't sell, we'll likely be taking off tomorrow

>>1128322
lol dude if fiat becomes difficult to transfer across borders, you're gonna have much bigger problems to worry about than your $2000 poloniex portfolio

>>1128404
You see, anyone who has made 40x profits is someone who invested in the pre sale.

Now, ETH has been on the market for 8 months at 9x ICO price many of the pre sale people have dumped already at that price there is even a bubble up to $2 back in october that got dumped in to.

The only people left with pre sale ETH are the hard core holders and people deeply support the future of Ethereum. Those pre sale wallets are in the tightest hands possible.

Anyone who wanted to dump could have dumped for 1000% profit at any time during the last 8 months. The remaining pre salers are waiting for proof of stake so they can stake their coins and recieve transaction fees from the network. Sort of like a dividend. This means that there is likely to be very little if any dumping at all.

The community of pre sale holders is EXTREMELY bullish and fully forsees a price in the hundreds if not thousands of dollars. The only people selling at these prices are the LOW IQ instant gratification band and the project is better off without them anyway. And short term "traders" such as yourself selling to each other.

>>1128364
at that point I take 12 hits of acid and permanently leave my body

>>1128407
I just bought right now... Don't worry about it... keep it for the long run, just forget about it and look at it one month from now or one year. The last hour it has gone up and down 10% these things don't matter in the long run.

>>1128416
Who said anything about keeping your cryptocurrency on an exchange?

And if fiat becomes hard to trabsfer actoss borders money will flow in to tge thing which allows easy cross border transfer which is cryptocurrency.

I dont really see the logic in your thought process

>>1128406
I can only lead a horse to water...

We'll agree to disagree.

>>1128418
Haha the devs themselves are talking about cashing out $2mil to fiat soon to fund continued hookers and bl^H^H^H^H^H project development. That's your money they're taking, btw.

>>1128404
>natural cycles of pump and dumps, bulls and bears, booms and busts
>whales selling off their profits at predictable prices any human bean could guess to make small gains like predicted and natural part of any successful new venture
>scary

Daytrading is the name of the game. There is no way out but to daytrade **conservatively.**. That means be patient with the outcome and be happy with small earnings over the course of a long period of time amounting to large amounts

You learn by trading small amounts and work your way up

>>1127561
>tfw bought this dip

We're already on the gains train lads

to the fucking moon

>>1128431
I suppose I can let you bow out then.

>2016
>My deposit from a bank account takes 5 days to "Confirm"

This is exactly why we need cryptocoins to spread. Banks and their system is outdated garbage.

>>1127653
?????

Not sure if bait, people on this board are really that dumb. Should've bought eth when it was cheap like everyone told you. Get mad, I made over 9000 usd doing nothing.

>>1128446
My coinbase request went through with a debit card instantly. Who did you use?

>>1128432
They need that money for funding top C++ and RUST developers which cost about 160K pa.

Holders of ethereum stand to gain a thousand times back their money from the continued development of ethereum. I don't see what the problem is. What the developers spend their paychecks on is their own business. What they are being paid to do is develop ethereum.

It's like complaining that google is spending money on R&D or that BP is spending money on oil exploration.

What those R&D guys or roughnecks do with their paychecks is irrelevant as long as they do the job they are paid to do.

>>1128449
Coinbase too.

>>1128457
Maybe its because I made my account a few days ago, probably game them time to look up my information.

>>1128432
Yes but when public companies do this it's nothing to worry about?

Stop with the FUD

Can you feel it boys?

The next pump is coming

>>1128446
I love coinimal, I will save like $100 from bank trasnfer fees when I get money sent abroad

>>1128457
I use circle and it works great. Although the ID verification was a little buggy but it worked when I verified using the mobile app. Instant transactions.

>>1128407
its going back up faggots.

>>1128466
>>1128469
PRAISE KUK

>>1128472
>Cuckcoin (KUK) a cryptocurrency you can use to pay your bulls for pleasing your wife

Anon you're a genius

>>1128476
no I was talking about this
https://en.wikipedia.org/wiki/Kuk_%28mythology%29

>>1128426
I'm saying if things get that bad economically, you're gonna have packs of rabid niggers charging through your front door while you're busy trying to shift around stacks of digital coins.

>>1128502
This

>SHTF
>internet cut out
>cell cut out
>can't submit transactions to blockchain

>>1128502

better than holding physical which will be stolen from you, or having it in a bank which will also be stolen from you

>>1128502
Your conception of reality appears to be somewhat skewed towards hollywood fantasy.

>>1128509
You need to stop watching alex jones tier fantasy and start studying recent history or you will be badly unprepared for any scenario.

Next dip when? I fucking missed out.

>>1128562
doing hold your breath for it, new money will be flooding in tomorrow, and an indian exchange opens on wednesday

>>1128565
After that its the homestead release. Dapp companies who have been silent so far will come out. Its gonna be a wild ride.

>>1128562
Just get it now while it's below $12.

>>1128568
Homestead has been released. 1.3.5

>>1128626
source?

>>1128626
That is just a homestead release candidate wallet.

>>1128626
homestead is march 9 dingus

>>1128675
March 14

>>1128680
pi day

What should I do with the ether I own?

Can I keep it on poloniex, or could they going to Mt. Gox on me?

Is myetherwallet legit? Could the site owners steal it?

>>1128687
Yes 3/14

Waiting for the $9 dip

>>1128562

this >>1128565
& this >>1128568
If homestead launched without big major problem, $11 will seems ridiculously low.
If homestead caused major bugs and chaos.
Then the panic sell will be so great that the coin will fail completely.

>>1128701
My dick is ready. Got $100 in bitcoin I'm waiting on to clear to buy more eth.

>>1128701

This is pretty much it.

http://bitcoinschannel.com/vitalik-buterin-ethereums-price-rise-increases-our-sovereignty/

Its crashing! The end is near!

>>1128763
i think its going up to just under 28, but then ya, its down to like 22

or it just crashes now

Holy fuck SELL SELL it's crashing hard

>>1128746
>mfw the big whale sales are them slowly trying to pull out their 2 million without crashing the entire thing
Nethercucks on suicide watch.

>>1128391
medium.com/@ethereumvn

>>1128783
This is a good thing for ether... how?

>>1128794
People see huge sell orders of ether and thing oh shit pump and dump. What's really happening is they're trying to pull out 2 million in Fiat out of their ether without crashing it. That would be 200k coins sold at once.

>>1128859
right, so the question remains, how would that be good for ether

>>1128862
It means the dips are calculated on their end.
>wait until it gets to some level
>sell a large amount without crashing it all
>repeat until they have their $2 million safety net
Like another anon said. Come the next release unless something terrible happens its only going up. Knowing that the dips are controlled only means it could be higher but they're trying to manage it.

>>1128872
I still dont see how whales selling large amounts is supposed to be good... if they had confidence in ethereum wouldnt they just hold?

>>1128877
>. if they had confidence in ethereum wouldnt they just hold?

I thought we were talking about devs selling ether to fund development ?

>>1128877
The good part is that those whales are the actually creators that literally said in an article that they want to have $2 million as a safety net.
It means
1) the dips are controlled from within
2)without them it could already be higher but they're keeping it at a safe level
3) they have forethought which is needed for future growth

>>1128881
Somebody gets it.
Yes this is exactly it.

Hold? Or Sell? 250 eth

>>1128891
Hold you dingus.

>>1128886
I'm glad they're doing it. it means they're strengthening their dev team which in the end means a better platform, more adoption, and of course, a more valuable network

I still don't understand eth? Whats the value based on?

>>1128881
Ahh... no shit. So your point is that not all of the dumping is whales. A small portion of the 55million in transaction volume a day is the devs selling too. Makes sense. I'm still not sure how this is good news though. At best it is neutral?

If it dips below $9.50 im putting another £60 or so into it.
>4 am UK times
Is this what day trading feels like

>>1128901
It's not intended to be an e-commerce Fiat replacement. It's fuel to run distributed applications on the ethereum network.

Basically income a stock trading company creating an application on the network for secure transfers on funds etc. Just check their site for a better explanation.

>>1128891
>>1128901

>has eth
>doesnt know what its for

lol

>>1128901
The value of etherm is based on getting the next guy to buy in for at least as much as you bought in for, and hopefully more.

Also some completely untested, unproven, and unadopted ideas which may or may not amount to anything, at least in their current form.

>>1128913
>I don't understand the technology so it's made up

>>1128920
I said it's unproven, untested, and unknown. Get it right next time.

>>1128891
>>1128901
Holy shit >>1128909 is right, you bought something without even knowing what it is?? You are so beyond fucking stupid

>>1128925
I doubt that more than half of the people who have eth know what it really is. They are just buying because someone else said it was going to make them money. So far it has. So far...

>>1128923
Proof of concept has been out for nearly a senpai.

buy the fucking dip

>>1128942
I dont think "proof of concept" means what you think it means.

>>1128946
>NASA wants to use a new type of engine for space travel
>they do a small scale example to prove that the principle behind the idea even works
>if it does, the next step is being sure it scales up
In computing things tend to scale nicely. Really it's only in physics that you have issues of quantum and macro physics not working the same.

2 + 2 = 4 scales up to 2 billion + 2 billion = 4 billion. Prove me wrong.

>>1128942
From Wikipedia:

A proof of concept (PoC) or a proof of principle is a realization of a certain method or idea to demonstrate its feasibility, or a demonstration in principle, whose purpose is to verify that some concept or theory has the potential of being used. A proof of concept is usually small and may or may not be complete.

Proof of concept does not mean proven, not even close. What I am saying is that there's about a thousand things that could go wrong. And some of them probably will and will most likely spell the end of etherm at some point. Yet you guys are constantly claiming that it's such a sure thing and nothing can go wrong and it has to succeed.

I wonder where your faith comes from, exactly?

>>1128953
See
>>1128951
The beauty of programming is that things scale nicely. Give me a valid reason for why the poc wouldn't hold true in actual use?

going to bed now, what price of ETH will I wake up to in 9 hours?

>>1128963
$15, now go to bed buddy

>>1128953
>I wonder where your faith comes from, exactly?

the dev team is superb, the concept is revolutionary, their business plan is strong.

of course it's possible that it could all fail spectacularly, but there's risk in every investment . the upside on ethereum is massive

>>1128951
I think you should stop posting now. Proof of concepts are not actual working prototypes idiot. Its not the same thing. A proof just shows how something MAY work and gives an idea of the concept behind it.

>>1128963

He lied
>>1128966

It will always be $10~$12 until new blood get in the game.

>>1128977
Lets take your engine for example. A proof of concept would not be a small scale engine that functions almost exactly like the larger one. That is a prototype. A proof of concept would be the blueprints for that engine with the mathematical formulas to prove that the theory behind it is sound and it has a possibility of functioning if built.

>>1128977
I think thou should bump up your reading comprehension before you get all snide.
Look at the poc they're trying to get for the warp drive with NASA. They don't have to actually get something going at faster than light speed. Just confirm that the concept by which they would do it is something real.

>I want to move items by method x
>first let me prove method x is even possible
They've proven x so now it's just a matter of scaling to real world solutions but it's code which makes the probability of that higher.

>>1128987
Nope. Nope. Nope.
You are still talking about a prototype. Read this because you are confused:

>https://www.quora.com/Invention-and-Inventions/What-is-the-difference-between-a-proof-of-concept-and-a-prototype

>>1128978
>It will always be $10~$12 until new blood get in the game.

how about, oh I don't know, fucking India entering the game on Wednesday ?

>>1128969
How do you know that the dev team is superb? Do you know them personally? Are they all superb individually, or just in general? What exactly do you mean by 'superb'? They're obviously intelligent, but what else do you know about them? Are they principled? Are they trustworthy?

The concept is pretty cool, I'll give you that. But how does that guarantee we'll all be millionaires if we put just money into it now? Once again, treating etherm as both a cool (unproven) technology with some potential to be useful and also an INSANE MONEY MAKING OPPORTUNITY BUY NOW! is a contradiction that really turns me meh about the whole thing.

A business plan? Yeah, and? What about that is so great?

>>1128877
Market corrections. Elliott Wave Theory seems to be holding pretty strong, so it makes sense to sell when you see the top of a wave and buy it back when the price has corrected to the bottom. If done correctly, it nets you a bigger share, and it's easier to do the larger your stake is.

>>1129014
>How do you know that the dev team is superb? Do you know them personally? Are they all superb individually, or just in general?

go watch the videos of them giving talks and conferences, it's easy to see that they're not just another shitcoin team. they know their stuff , they have the dev roadmap all worked out, and it all seems promising. do you personally know the CEOs of every company you buy stocks in? how are these questions even relevant ?

>millionaires if we put just money into it now?

/biz/ isn't one person. I'm optimistic about ethereum but i admit it could fail, but so could any other business you invest in. from what I've seen it's very promising and I believe the upside is much larger than the downside. can you lose all your money? of course. could you make 10 times what you put in if you hold for a couple years and this catches on? fuck yea

>>1129024
This. Worst case I'm out $500 of my expendable income. Best case it's bitcoin 2.0 and I pay off my student loans.

>>1129024
I think 'Are they principled? Are they trustworthy?' are perfectly relevant questions when it comes to good faith, which you conveniently left out of your response.

/biz/ isn't just one person but it's overrun with BUY ETHERKEK, BEST CRYPTOKEK! TO THE MOON! For I know you're doing the same thing in another thread. When I encounter someone who can actually respond to my points, I slow down and look a little deeper. But mostly it's just like fuck all of you and your greed and your delusions.

When bitcoin was on the rise, you didn't have endless shilling about how much everyone has to lose if they don't BUY NOW. Mostly then it was like 'I can't believe this is happening.'

>>1129030
Yeah and that's exactly the same shit I've been reading for over a year. Like literally word for word almost. Over and over again.

>>1129012
>>ethexindia
Do you know the trading volume expected of the india company? I was looking at their websites and half of them are offline and the others look like shit.

>>1127604
You tried to warn the retarded ETH idiots but they didn't listen.

>>1127604
>I also said in several threads it would crash in 1-2 days and everyone laughed at me saying I was "fantasizing" - who's laughing now fags?)

Whoa dude, you must be psychic predicting that massive crash to $11.

Last Price
0.02383068

we're coming down to 2 mil.
lower maybe?

>>1129489
These crashes always bottom out way above where the shorters expect. If the shorters say $6 the bottom will be $8.90

>>1128966
>>1128978
>>1129053
>I woke up to $9 ETH

I told you guys that Ether has no solution for scalability and that the only reason it isn't crapping like Bitcoin right now is quite literally because nobody uses it. Ether does smart contracts much easier than Bitcoin but at the cost of stability.

In the future smart contracts are going to need to be run off-chain for scalability reasons which means Ethereum users will be coding the same style contracts as with Bitcoin and there will effectively be no real difference in usability. Check out the block size debate for context, though these technical details are a lot deeper than appear so I doubt you'll find much of what I'm saying on Google

>>1129510
Ether does have solution for scalability. Its called CASPER

Stop spreading FUD about a superior blockchain.

Sorry BTC fags your time is done

>>1129065
more like 9$ Ethercuck

>>1129510
TPTB_need_war? Are you foaming at the mouth here as well?

pssst.

buy the fucking dip, faggots

>>1129630
Just did. $15 in less than a week

TFW invested into ETH with the idea it might fail

>can now go long with no stress and just forget about it and check a year from now

If it's up that's cool. If my money is gone I didn't even remember having that money anyway.

>>1129775
yeah sure, that's how it works.

>>1129775
>"hey guys I dont care about money!" he mistakenly posts on a finance forum

>>1129784
That IS how it works, that's the difference between the people who can afford to invest into this shit and most of you teenagers who put all their money, about 300$, into it and then get mad as fuck because they couldn't really afford to lose all that.

>>1129792
sure, even the best traders out there struggle distancing themselves emotionally from their investment, but you are going to be different!

Let's not kid ourselves, you'll be checking the price every 3 days at least, but you can keep telling yourself whatever you want anon :^)

Why should i deposit my ether into a wallet and not let it on kraken?

>>1129812
If your kraken account is hacked, that person can grab your ether and run. If kraken goes down, it takes your ether with it. Etc.

Which is the way to go and why?

Buying ether on poloniex.

or

Shapeshift them.

Go ahead and laugh at me. I deserve it.

>>1130256
"Just get it now while it's below $12."

>>1128179
This is false. You can use bitcoin to buy drugs online. Only bitcoin too. No one accepts the other shit alt coins, no matter how much, "muh great technology" it is.

Bitcoin is established. You're all faggots for thinking you will make any money holding onto a fucking currency. You can not make this shit up.

Stay cucked wagefags.

>>1130256
This is where you're supposed to double down and half you're losses. If you bought now, you'll have spent 2 BTC @ 0.025 instead of 1 @ 0.29
Now you only need ETH to go back to 0.025 to break even

>>1130492
I can't really afford to put in another $600. I bought $200 more bitcoin this morning, and bought 10 ETH. If it goes below 9, I'll buy 11.

This is my lifetime ETH trading history. I wish I could have got in just a couple days sooner.

>>1130478
The dark markets can use Ethereum easily. They don't need bitcoin. Bitcoin needs them.

>>1130525
All good, don't worry about it, you'll come out way on top.

Hindsight is full of regrets, and they'll ruin your life if you let them.

>>1127588
dubs of truth