Current Events > Wow Ethereum is crashing

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Returning_CEmen
07/11/17 4:48:49 PM
#1:


Used to be close to $400 now under $200 and falling.
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megamanfreakXD
07/11/17 4:54:03 PM
#2:


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StucklnMyPants
07/11/17 4:56:38 PM
#3:


If only I could remember the names of those CEman that were bragging about dumping tons of money into it, I would totally @ them rn.
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CrimsonAngeI
07/11/17 4:57:23 PM
#4:


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Cookie Bag
07/11/17 4:58:16 PM
#5:


StucklnMyPants posted...
If only I could remember the names of those CEman that were bragging about dumping tons of money into it, I would totally @ them rn.

They would probably say something like "i told you so, i already cashed out and i'm set for life!"
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CapnMuffin
07/11/17 4:59:11 PM
#6:


It could go either way. It could continue to tank. It could bounce back. Or it could level off.
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Anarchy_Juiblex
07/11/17 4:59:22 PM
#7:


What's happening to my magical internet money that uses math, voodoo, and terms I couldn't possibly understand? I was suppose to get rich, quick!
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DyingPancake
07/11/17 5:01:33 PM
#8:


Ehhh, I still believe in the long term plan with it

I'm buying some if it goes down a little more
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Sexypwnstar
07/11/17 5:04:14 PM
#9:


Sounds like it's going to be a good time to buy soon
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E32005
07/11/17 5:07:47 PM
#10:


Cookie Bag posted...
StucklnMyPants posted...
If only I could remember the names of those CEman that were bragging about dumping tons of money into it, I would totally @ them rn.

They would probably say something like "i told you so, i already cashed out and i'm set for life!"

lol this
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Tekutso
07/11/17 5:07:53 PM
#11:


Sexypwnstar posted...
Sounds like it's going to be a good time to buy soon


Yeah, if it tanked to $100 somehow in a mega crash, id sell the house to buy more. This is crypto turds. Zoom out on total market cap. $1,000 ETH within a year.
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chrono625
07/11/17 5:09:37 PM
#12:


Anarchy_Juiblex posted...
What's happening to my magical internet money that uses math, voodoo, and terms I couldn't possibly understand? I was suppose to get rich, quick!


it's almost as if this was perpetrated by a group similar to a MLM scam
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Cookie Bag
07/11/17 5:15:15 PM
#13:


Tekutso posted...
Sexypwnstar posted...
Sounds like it's going to be a good time to buy soon


Yeah, if it tanked to $100 somehow in a mega crash, id sell the house to buy more. This is crypto turds. Zoom out on total market cap. $1,000 ETH within a year.

Weren't you set for life, why would you sell your house to buy more if you're set for life? :thinking:
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Talks
07/11/17 5:16:14 PM
#14:


I have to figure that there are GameFAQs people that got set for life on cryptocurrency. I remember people talking about putting thousands of dollars into bitcoin when it was $40. On PCH at least.
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darkphoenix181
07/11/17 5:17:24 PM
#15:


Cookie Bag posted...
Tekutso posted...
Sexypwnstar posted...
Sounds like it's going to be a good time to buy soon


Yeah, if it tanked to $100 somehow in a mega crash, id sell the house to buy more. This is crypto turds. Zoom out on total market cap. $1,000 ETH within a year.

Weren't you set for life, why would you sell your house to buy more if you're set for life? :thinking:


he would have been if he sold his currency before now

but he probably had issues selling it

and now he is losing money

tsk tsk
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Returning_CEmen
07/11/17 5:20:08 PM
#16:


darkphoenix181 posted...
Cookie Bag posted...
Tekutso posted...
Sexypwnstar posted...
Sounds like it's going to be a good time to buy soon


Yeah, if it tanked to $100 somehow in a mega crash, id sell the house to buy more. This is crypto turds. Zoom out on total market cap. $1,000 ETH within a year.

Weren't you set for life, why would you sell your house to buy more if you're set for life? :thinking:


he would have been if he sold his currency before now

but he probably had issues selling it

and now he is losing money

tsk tsk

Yeah there is a limit to how much you can sell a day. If someone made a fortune on this it would take a while for them to cash out.
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Cookie Bag
07/11/17 5:20:12 PM
#17:


Yeah wouldn't surprise me if greed got the best of him and now he's frothing on the mouth at the fact he fucked up and didn't sell because "THIS WILL GO UP GUYS I'M SET FOR LIFE"

While i don't doubt these things are a quick way to get some cash (friend of a friend made $75k out of this and bought all his friends 4k screens and shit, good guy, never flaunted over it either like tekutso clown here), they really seem like MLM scams and don't seem like safe investment in any shape way or form.
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darkphoenix181
07/11/17 5:23:26 PM
#18:


Cookie Bag posted...
While i don't doubt these things are a quick way to get some cash (friend of a friend made $75k out of this and bought all his friends 4k screens and s***, good guy, never flaunted over it either like tekutso clown here), they really seem like MLM scams and don't seem like safe investment in any shape way or form.


just to point out

people actually cash out in pyramid schemes
if they didn't, the scheme wouldn't work

the idea is to have some people actually get rich quick and spread word of mouth
when others see these people are legit, they think the scheme is real and works for everyone

but at that point the scheme goes into the final stages and the new mass of people are all losers
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chill02
07/11/17 5:24:07 PM
#19:


something something ponzi scheme
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ssj3vegeta_
07/11/17 5:25:20 PM
#20:


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clearaflagrantj
07/11/17 5:27:06 PM
#21:


I bought in at $140-$170 I'm still up suckers. ETH goes up then goes down, you can't explain that.
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Clad
07/11/17 5:28:19 PM
#22:


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darkphoenix181
07/11/17 5:29:39 PM
#23:


clearaflagrantj posted...
I bought in at $140-$170 I'm still up suckers. ETH goes up then goes down, you can't explain that.


so you gonna sell now before it goes back down to $140?
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Sojy
07/11/17 5:29:56 PM
#24:


I dunno why people are shitting on that one guy, even if that guy sold now he'd be making pure profit relative to how much he bought in for, and Ethereum will probably rebound.

If it crashes below triple digits that's when you start worrying.
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Sojy
07/11/17 5:31:58 PM
#25:


Also, times like these are good for quick-sale cash outs because speculators will predict the rebound.
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CommonStar
07/11/17 5:41:01 PM
#26:


Hope it crashes hard so I can finally buy a goddamn GPU for my new pc.
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darkphoenix181
07/11/17 5:45:17 PM
#27:


Sojy posted...
I dunno why people are shitting on that one guy, even if that guy sold now he'd be making pure profit relative to how much he bought in for, and Ethereum will probably rebound.

If it crashes below triple digits that's when you start worrying.


cause he made huge topic about how he was now rich from it and told other people to get into it

we pursued his reasoning seeing if he just wanted people to buy to make it go up more

he said that wasn't the case and he already cashed out and was rich


so why would he sell his house hmm?
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Tekutso
07/11/17 6:04:19 PM
#28:


You guys are turbo nerds. It was a figure of speech. I wouldn't have to sell anything to reinvest, but im not putting anymore money in. The comment was directed at the guy I quoted. I still have a considerable holding, and im not selling it for 5 or 10 years minimum.
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Clad
07/11/17 7:10:47 PM
#29:


$1000 Eth within a year would make me rich.

Doubt it'll happen though.
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Cookie Bag
07/11/17 7:29:14 PM
#30:


Tekutso posted...
You guys are turbo nerds. It was a figure of speech. I wouldn't have to sell anything to reinvest, but im not putting anymore money in. The comment was directed at the guy I quoted. I still have a considerable holding, and im not selling it for 5 or 10 years minimum.

I thought you were set for life, how deep is your greed.
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Turtlebread
07/11/17 7:32:32 PM
#31:


Bitcoin always wins baby
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Tekutso
07/11/17 7:55:21 PM
#32:


Clad posted...
$1000 Eth within a year would make me rich.

Doubt it'll happen though.


I guarantee it happens eventually, so, worse case scenario you are rich in 5~ years give or take. $1,000 ETH in a year is a real possibility though.
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Returning_CEmen
07/12/17 1:04:21 AM
#33:


Cookie Bag posted...
Tekutso posted...
You guys are turbo nerds. It was a figure of speech. I wouldn't have to sell anything to reinvest, but im not putting anymore money in. The comment was directed at the guy I quoted. I still have a considerable holding, and im not selling it for 5 or 10 years minimum.

I thought you were set for life, how deep is your greed.

LMAO
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Manocheese
07/12/17 1:08:34 AM
#34:


I'll buy in when it hits $50.
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Medussa
07/12/17 1:08:42 AM
#35:


this is normal cryptocurrency behavior. it'll likely go back up. I am still worried about the PoW to PoS switch, though.
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Sativa_Rose
07/12/17 1:11:06 AM
#36:


It was pretty obvious that there was some bubble mania going on around May - June when it felt like everyone was talking about cryptocurrencies. I had friends who don't really care at all about stocks, investing, trading, etc. suddenly really into cryptos and wishing that they had saved up money so they could put it all into them.
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kingdrake2
07/12/17 3:56:24 AM
#37:


sellers may want to abandon ship :(

buyers: time to salvage the cargo.
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darkphoenix181
07/12/17 12:15:47 PM
#38:


Tekutso posted...
I still have a considerable holding


So how much money into cash have you actually made?
Don't tell me your estimate of how much your coins might be worth if you cashed them out now.
I won't to know how much you actually turned into cash.
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slipknirvana
07/12/17 1:58:43 PM
#39:


I was told to buy bitcoin back in 2010. I didn't though. I think they were actually under half a cent a piece at the time.
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itachi15243
07/12/17 2:04:33 PM
#40:


Shit looks like it hit some lows of $180ish and is now 200 and rising again.

Maybe I should invest a bit in it before it gets too high.
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CapnMuffin
07/12/17 2:08:55 PM
#41:


Rise Ethereum Rise

*sacrifices a goat*
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DyingPancake
07/12/17 2:12:19 PM
#42:


itachi15243 posted...
Shit looks like it hit some lows of $180ish and is now 200 and rising again.

Maybe I should invest a bit in it before it gets too high.



I got greedy and was holding off until atleast $150. The price its at now is what I was comftorable with before it made a huge jump. Didn't buy in then but I'm going to now that I've done more research on it

Not gonna get crazy but I have enough faith in it that I think I'll make a decent profit with what I'm investing
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itachi15243
07/12/17 2:26:03 PM
#43:


DyingPancake posted...
itachi15243 posted...
Shit looks like it hit some lows of $180ish and is now 200 and rising again.

Maybe I should invest a bit in it before it gets too high.



I got greedy and was holding off until atleast $150. The price its at now is what I was comftorable with before it made a huge jump. Didn't buy in then but I'm going to now that I've done more research on it

Not gonna get crazy but I have enough faith in it that I think I'll make a decent profit with what I'm investing


Yeah, I think I'll only put maybe a few hundred in and if it starts to fall after $350 sell asap
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DyingPancake
07/12/17 2:34:07 PM
#44:


itachi15243 posted...
DyingPancake posted...
itachi15243 posted...
Shit looks like it hit some lows of $180ish and is now 200 and rising again.

Maybe I should invest a bit in it before it gets too high.



I got greedy and was holding off until atleast $150. The price its at now is what I was comftorable with before it made a huge jump. Didn't buy in then but I'm going to now that I've done more research on it

Not gonna get crazy but I have enough faith in it that I think I'll make a decent profit with what I'm investing


Yeah, I think I'll only put maybe a few hundred in and if it starts to fall after $350 sell asap


Yea, I don't think it'll have any problems getting back to that amount

Personally I'm going to go the long haul with this one. Not even worry about what I have invested and see where its at in about 5 years
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itachi15243
07/12/17 2:42:37 PM
#45:


DyingPancake posted...
itachi15243 posted...
DyingPancake posted...
itachi15243 posted...
Shit looks like it hit some lows of $180ish and is now 200 and rising again.

Maybe I should invest a bit in it before it gets too high.



I got greedy and was holding off until atleast $150. The price its at now is what I was comftorable with before it made a huge jump. Didn't buy in then but I'm going to now that I've done more research on it

Not gonna get crazy but I have enough faith in it that I think I'll make a decent profit with what I'm investing


Yeah, I think I'll only put maybe a few hundred in and if it starts to fall after $350 sell asap


Yea, I don't think it'll have any problems getting back to that amount

Personally I'm going to go the long haul with this one. Not even worry about what I have invested and see where its at in about 5 years


Honestly I might cash enough to make a profit and leave at least a hundred or more for long term

Or I might cash out a few hundred from my bitcoins and put it into Ethereum for the long haul. I'm still glad I bought up. As much bit coin as I did when it was under a thousand. I've made over 2000 on that, but its dropping now and I think I'm gonna start cashing it out before I end up with less than 1800.
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BlazinBlue88
07/12/17 2:57:01 PM
#46:


I finally bought some this morning after keeping an eye on the charts for a few weeks. Bought 2.5 ETH at $200. Nothing that will change my life but I'll make a few bucks from it in the future. Will probably buy in later on some of the other promising tech coins that are going for a couple cents right now.
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DyingPancake
07/12/17 3:02:03 PM
#47:


BlazinBlue88 posted...
I finally bought some this morning after keeping an eye on the charts for a few weeks. Bought 2.5 ETH at $200. Nothing that will change my life but I'll make a few bucks from it in the future. Will probably buy in later on some of the other promising tech coins that are going for a couple cents right now.



You never know

Some research I've read predicts that this technology will be worth a hefty amount in 7-10 years. Where a $200 buy in today will look like chump change.

I'm not sure if I believe that, but it is a very interesting subject and the technology is worth keeping an eye on with some investments
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BlazinBlue88
07/12/17 3:05:31 PM
#48:


DyingPancake posted...
BlazinBlue88 posted...
I finally bought some this morning after keeping an eye on the charts for a few weeks. Bought 2.5 ETH at $200. Nothing that will change my life but I'll make a few bucks from it in the future. Will probably buy in later on some of the other promising tech coins that are going for a couple cents right now.



You never know

Some research I've read predicts that this technology will be worth a hefty amount in 7-10 years. Where a $200 buy in today will look like chump change.

I'm not sure if I believe that, but it is a very interesting subject and the technology is worth keeping an eye on with some investments

Yeah I'm not sure about the hefty amount but at the same time, I never thought BTC would get over $1,200.
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TheMikh
07/12/17 3:08:04 PM
#49:


At bottom, it and bitcoin put me below my starting position. Seems to be recovering, but my investment in ETH is still at a loss though.
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darkphoenix181
07/12/17 5:32:12 PM
#50:


DyingPancake posted...
BlazinBlue88 posted...
I finally bought some this morning after keeping an eye on the charts for a few weeks. Bought 2.5 ETH at $200. Nothing that will change my life but I'll make a few bucks from it in the future. Will probably buy in later on some of the other promising tech coins that are going for a couple cents right now.



You never know

Some research I've read predicts that this technology will be worth a hefty amount in 7-10 years. Where a $200 buy in today will look like chump change.

I'm not sure if I believe that, but it is a very interesting subject and the technology is worth keeping an eye on with some investments


maybe the tech itself

but not the coins

if digital currency goes mainstream, it will require a close 1 to 1 transfer from cash to it

having to spend $200 for a coin will only serve to stifle the tech


you want people to switch to digital currency, then you make a digital dollar that you can buy for a dollar or if not that, just a tad more than a dollar, like $1.30


the reason these coins can be worth $200 right now is because it is not mainstream
because they are rare

and because shady black market people....like that


spending $200 for a coin is no big deal when your shady black market dealings are gonna net you way more money that is
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