This is the current buy wall on ETH, taken off Poloniex's site right now...

This is the current buy wall on ETH, taken off Poloniex's site right now. Over $3 million US dollars and one of the largest buy walls I have ever seen.

And yet the price continues to drop.

Does anyone here not see that there are very rich whales manipulating the price of this coin to buy it extremely low before it goes extremely high later this month?

That's what I've been trying to tell to all this niggs panicking.. just hold! and I don't even hold ETH in my portfolio.

just wait 2 to 3 weeks, eth will rise, don't panic sell your eth to all the gook whales.

Eth is great technology, just look at all the icos currently active based on smart contracts/eth: just to mention a few: taas, wetrust, lunyr, matchpool. This will give an edge to eth, it will finally demonstrate that it represents real and applicable technology.

I'm always a little sceptical about any sort of chart reading/technical analysis. There's a lot of studies which show it is pretty much useless superstition.

That said, this does seem weird. ETH has been rising then held steady for a while. There is also plenty of favourable news on the horizon and the price DROPS? It doesn't make much sense.

I'm tempted to buy more but I've kind of lost my nerve. Definitely not a time to sell though.

Just look at the dozens of threads saying ETH is dead, its pretty clear there's a coordinated FUDing campaign going on, just don't look at the price for a couple months.

It looks and feels extremely unnatural.

I'm just gonna sit on what I have. I was gonna buy more too but I have no idea how far down this will go.

It doesn't take much for people to start losing their shit on here, I'd say the problem is too large stakes and a severe fucking lack of patience.

I literally just bought in because this fucker is going up.

There's a million dollar buy wall at 3.7. no fucking way this thing is going to keep going down unless ETH apocalypse happens.

Just hodl my friend, transfer all your funds to a cold wallet, and read about the ico's I mentioned,,, real life applications based on eth, you can't really find something like that anywhere else in the crypto ecosystem. I used to own quite a bit of eth and panic sold at a loss at $4 USD each. Hodl my dude

Well yeah when you don't have success you have to promise success in the future. We understand.

Here's an updated picture from just now.

$8 Million dollar "Buy" wall activating now holy shit!

Ah fuck it I'm gonna buy some more

With you on that

Lol fuck off dude, if you don't have anything constructive to say just keep masturbating to midget porn and fuck off

just for reference it was a 300 BTC sell wall that killed XRP yesterday.

i can't just not watch the price for a month.... i NEED to buy the dip

>mfw whales place giant bidwall to instill confidence and force prospective buyers to purchase at a higher level
>mfw buywall eventually gets pulled and everyone gets rekd

kek babby's first cryptotrader

XRP is one that's got me really itching to get a bit more on, it's got me at a reasonable amount now with the rises but I never gave it much in the first place, I thought I'd do it at mid 3 cents but now I've got greedy and hoping I can pick some up back in the 2s

Shit

Bidwall =/= buywall dumbass, learn the differance between bid and ask

eh that's what stop losses are for. not a big deal.

fishy shit going on...40e on coinbase atm. that buy wall seems fishy as fuck. should i buy more?

A bid is an order to buy, moron.

Bidwall and buywall are synonymous. Askwall and sellwall are also synonymous.

The buy walls are irrelevant right now. As long as BTC keeps rising, ETC will keep falling. However, once BTC starts falling, ETH should rocket with those walls.

No, BTC only has to go sideways for a month or two.

Will BTC rise forever..no

I'm talking short term, you goof. The past 3 days bitcoin has been on a constant rise. As long as this little burst continues, ETH will fall, regardless of those walls.

BTC is what's carrying crypto for me right now

Damn, just got back in
Even though I know that wall might disappear, someone means business

Yeah this too, it definitely crashed lower than it's current worth

If BTC is performing this strongly despite all of its issues it might moon to $2k if they get it sorted out.

>tfw I bought most of my ETH (24) at about current levels 2 weeks ago and like (6) coins at the ATH

Good thing I was going to hold these long term anyway... right... guys?

If BTC hits $2K, I pray for all you ETH holders.

>once BTC starts falling

We just HAD the falling. It's over. Bottom is in at ~880

We're going back to ~1280 and could break through to 1300. I'd go long BTC here and set bids at 25 dollar intervals down, lowest we go is like ~1000 before a final push up.

>implying I don't have both

It'll be ok man I'm in the same boat.

A safe strategy, but probably not very profitable, considering that ETH and BTC are inversely correlated for the most part. The gains cancel each other out.

>btc hitting 2k when it's about to do a contentious hardfork

Its called hedging, I'm bullish on crypto in general, I am less sure on which coin will end up being the dominant one between bitcoin and ethereum at this point. Ethereum is superior but first mover advantage is difficult to overcome and there is a chance(though I consider it slim) of BTC managing to actually solve their issues.

That fork better be real, I'm fucking sick of holding this pathetic little 20 dollars worth of eth

I already sold most of what I had but this tiny little 20 dollars is just sitting in my blockfolio like a fucking NEET from r9k contributing nothing to society

I contribute to society by buying shitcoins.

You're my kinda guy

The fork is fucking hype, the money clearly doesn't give a shit about it

it's all hype until traders are trying to move their coins and have to wait 20 hours for the first confirmation

Not even an ETH shill just along for the ride, but BTC is absolutely fucked.
Alts are unironically the only way forward. Not tomorrow, not next week, but sooner than later.

And what you don't expect this predicted surge in activity to have any impact on the price or commitment from the miners? The problem isn't if it forks or not, just if the direction is unclear, it's in the interests of the big boys not to fuck this up.

>it's in the interests of the big boys not to fuck this up.
except that's exactly what they are doing

They're not doing shit except pushing for their direction, the unlimited mob knows full well if they do some shit like hit 51% and fork they fuck themselves over, at the very least it's a huge gamble on little upside.