Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
sandiman
on 21/05/2016, 11:48:37 UTC
I personnaly think we are waiting for the best part of ETH pump. moreover, if you are expecting that only money coming from eth pump to fuel BTC pump, this would be one of the most boring pump in BTC history. Roll Eyes

Re-read yourself. pump-pump-pump-dump-pumppump-dump. There is no external money left. Enclosed caseings.

I was being sarcastic after the first ".".
I personnaly think we are waiting for the best part of ETH pump.

Lol, and who is going to buy be the buyer?  A large amount of people in Bitcoin have no interest in altcoins, let alone buying altcoins at the top of a bubble.  The pumpers can only pump as long as there are people to dump on.  The current charts show more willing Eth sellers than buyers.  The pumper knows this; he can take a gamble and try to go higher, but it would not be a rational move unless he can short squeeze.  Then he also has to make the calculation there are no shorters willing to out-muscle him.

The game theory to me says going higher would be a dangerous move.  I think it will either slide downwards to break that fib level, or he will try to manipulate it to go sideways to find people to dump on over a more drawn out period of time before May 28th hits and Eth implodes.

I think that part of the money invested in the DAO has been by new commers to the cryptocommunity. That why I do not believe in a strong correlation between what will happen to the DAO/ETH and BTC. Anyway, let's just watch closely what happens in the next week and see who was right.  Cheesy