Re: Ethereum pump and dump?

The price of Ethereum is around 0.018 now. It did not drop below 0.017 after the hard fork. That could be a good sign.

but still we cannot trust on it, it is still not well secured I have a doubt that once again due to some issue the price will drop down to bottom and once again all of those who have invested in ethereum will lose all of their capital in there.

But the ETC is a pump and dump coin. The DAO hack has 3% of the ETC. That could reduce the price a lot.

Not just that. There are lots of ETC in the white DAO contract on ETH chain and lots of ETC held by the Ethereum foundation.

I also heard one Chinese company hold 416,000 Ethereum. If all these dump, the price of ETC could collapse.

It's a disaster waiting to happen. Not really sure why some got some excited about it at this point. It's clearly a sell for now.

Maybe the ETC pumpers have enough funds to absorb the 40 million ETC waiting to to be dumped.

What's the ETA on that?

Nobody knows. Or only the hacker will not the price direction as he has a lot ETC and can influence the price.