ETH ETChi,
made this for a request in a comment.
(- i expect both charts to cross again sooner than later but both short.)
I dont trade ETC.
To me the Crypto crashing events in summer 2016 may all be connected
1. TheDAO theft => 2. ETC pump => 3. Bitfinex theft. (+ Settlements at peak of ETC pump!) => 4. Monero pump (Annoymous destination for stolen money?)
Thedao
DAO´dWell, needless to saj. The DAO quite disrupted our pan there... Pah!
I do not share the overly negative reactions to this pretty much "minor" (in crypto standards) incident which has been managed and handled very professional by the Ethereum developers. Nayways, ATH is obv canceled in the projected time period. Quite the contrary, values in the low 1400s seem to have become the destination under the current circumstances.
Looking for a nice short entry...
Target: low 1400s
Happy Tarding... And be kind to one another..
#eth #ethereum #dao #ethxbt #etheur #ethusd #btc #daoFundamentally, it appears that somebody wrote a smart contract.
/*
Developers, cryptographers and computer scientists should note that any high-level tools (including IDEs, formal verification, debuggers, symbolic execution) that make it easy to write safe smart contracts on Ethereum are prime candidates for DevGrants, Blockchain Labs grants and String’s autonomous finance grants.
*/
blog.ethereum.org
DAO and BTC - Hedging positionsBitcoin up 11.15%
$DAO down 5.16%
Indicating strength in $DAO.
This can be used to hedge your
Bitcoin long position.
$DAO has a reverse relation with $BTC.
If Bitcoin goes down a bit, $DAO
will go up more aggressively.
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At this moment $DAO has not been on the market.
But it seems like it does have an inverse relation with $BTC.
$DAO might be usefull as a hedge but I am not sure how
competent the team of $DAO is.
There is an article on coindesk.com with the title
"Will The DAO Become Ethereum's Mt Gox?"
You can look it up. The headline seems very weird to.
Too much speculation. Coindesk.com was hyping $DAO before it got in
the market. Made me think that the coindesk.com team bought $DAO.
If they try to manipulate the market with that headline to buy cheap ?
We migght never find out.
This is just an analysis. Consider the risks on every trade