I lost .5 btc shorting eth
Eth is the LEAST aggregate market I've ever seen, which is why I never recommend people to short it. The price is controlled by one single guy who runs the bots on Bologniex tied to either the Ethereum developers themselves, or some entity like Goldman Sachs. Ever since Bitcoin started to rise, I watched them absorb something like 5000-10,000 BTC in Eth dumps on Poloniex just trying to prop the price up and prevent it from imploding.
The DOA event caused a dumpocalypse on them forcing them to absorb even more losses. This single entity that controls the ETh price is underwater as fuck now and probably desperate to rid himself of some of those scamtokens. I have a feeling the only reason it made it that high of value in the first place is the Eth devs themselves sent a bunch of Eth to Poloniex, then used those coins for collateral to margin long it to the moon while liquidating shoters. Dan Larimer actually talked about attempting doing that himself once in the past when BTS was in the dumpster but he chickened out. Him and Vitalik have been speaking a bit these days and maybe he gave Vitalik the idea.
The attacker has commented about that:
The only thing I can share on all this is that the science and intrigue of smart contracts is stronger now than ever. This is a great opportunity to emerge as a stronger, better guided, more directioned and principled community bla bla bla blabla blabla blabla blabla blabla blabla blabla blabla bla.
By all means, keep inflating the bubble. For one thing, USG.MIT & friends have to bleed every last coin they got before theyll go the fuck away. For the other thing, rapes no fun if the meats not at the very least squiggling and the etherapes no different.