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/biz/ - Business & Finance

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File: 34 KB, 1024x604, ethereum.png [View same] [iqdb] [saucenao] [google]
1343892 No.1343892 [Reply] [Original]

News is from 21 hours ago but the price is now reacting and most of the US isn't up yet.
Time to short.

https://twitter.com/el33th4xor/status/747446750764535808
https://www.reddit.com/r/ethereum/comments/4q4038/emin_fully_expects_dos_attacks_after_soft_fork/

>> No.1343904

>>1343892

New post on it:

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

>> No.1343929

Eth is the gift that keeps giving top lels...
Such a misguided project.

>> No.1343988
File: 202 KB, 1104x876, ETHredpill2.png [View same] [iqdb] [saucenao] [google]
1343988

Told you it was about being all in on BTC.

>> No.1344013

Ayy LMAO

>> No.1344015

>>1343988

This is just anti eth propaganda

>> No.1344031
File: 70 KB, 524x542, 1466912480843.jpg [View same] [iqdb] [saucenao] [google]
1344031

>>1343988

> 2016
> being all in on any crypto
> not making bank playing the market with high leverage

>> No.1344036

I shorted eth at 0.016 after the drop, as it grew to 0.022. Said on here that I would never touch eth again as it's not an investment at this point but a cult. There is no common sense in its valuation.

Eth right now is garbage. It's maybe worth 1% of what it's trading for. Things are not sound, things will fall apart at the seams. Eth does not exist as a market leader a year from now, but then again it shouldn't be right now.

who fucking knows when people are this retarded. Speculate to your hearts content, but eth is worthless.

>> No.1344128

It will live on for a while as a religion and for some niche projects.
Its value will bleed to ~ a dollar though.

>> No.1344548
File: 1.62 MB, 250x144, 1466596452638.gif [View same] [iqdb] [saucenao] [google]
1344548

And the shorting continues... this is beautiful.

>> No.1344611

dont know how it manage to get to $15 after the hack its on a down ward spiral

>> No.1344640
File: 42 KB, 720x534, 1463910949360.jpg [View same] [iqdb] [saucenao] [google]
1344640

>>1344611

Many people placed buy positions around 13/15 before the hack hoping that 21$ rise wasn't definitive and most of them were probably long eth, it hit them all on the way down forcing a rebound.

And Vitalik & co shilled hard their fanclub coming up with "solutions" preventing a hard fork, that are now confirmed smoke screens. Wonder how many of them cashed out though.

pic related

>> No.1344703

LOL, those ether profitable shorts

>> No.1344719

>>1343892
Wasn't Ethereum going to be forked when it went to Proof of Stake?

>> No.1346318
File: 1022 KB, 918x918, 1463972146013.png [View same] [iqdb] [saucenao] [google]
1346318

>>1344719

The soft fork was going to happen before PoS, consensus on it was reached by miners. Would have happened probably in the coming week, now it won't happen because of this vulnerability.

The likely outcome now is a hard fork or no fork.

Both options scare about as much people. The price was already on a downward spiral so it dropped, and imo it's not going to stop dropping until a consensus is reached (probably on hard fork) and even then it's likely it will short term drop again after it if all the acap holding go full retards because "muh free market is being fucked over by miners".