Post
Topic
Board Altcoin Discussion
Re: Ethereum Pump & Dump Scam
by
bitfish
on 06/05/2016, 08:00:05 UTC
Prometheus and his pump group are responsible for current Ethereum pump. Prometheus colluded with Ethereum members to obtain insider info about R3 news in December. Fake news posts and shill spam also stem from the group. They plan to dump soon.

It's actually hanging around at 0.02 right now. I personally think it's a good time to get out of ether before it comes crashing down. There is simply too much currency supply controlled by one single group to make the system work.

Currently more than 2 Mio Ether (~2.5% of Ether supply) have been moved into The DAO ( https://daostats.github.io/tokenvol.html ). After another week there should be another 2% of Ether gone into The DAO. Your belief of Ether "crashing down" will remain unfulfilled Wink

Currently there are 2 coins who are making the music: BTC (24h volume: 49 Mio USD) and ETH (24 h vol: 18 Mio USD). No other coins have comparable USD volumes. 3rd place is LTC with a paltry 24 h volume of 0,84 Mio USD. Huge ETH volume is smart money moving from BTC to that so called "Ethereum Pump & Dump Scam".  Dumb money is hoping to repeat profits of Ether ICO  and is piling up on that Lisk 2 man show, a coin with great marketing but without developers. -> fail.