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Ironically ether & bitcoin started dropping last night around midnight. Makes me wonder if any SEC folks were involved in insider trading. Anyone care to specul

Ironically ether & bitcoin started dropping last night around midnight. Makes me wonder if any SEC folks were involved in insider trading. Anyone care to speculate on what this will do to ether/bitcoin values? Does this concentrate interest in the existing players or does it hurt demand and speculation therefore depressing prices?

aaron-lebo 9y ago
Nothing especially strange in the price data, just the usual ups and downs. There's a downward trend as of about 14 hours ago, but good luck pinning that on insider trading. Woo $222 to $215. That could happen any day. These charts seem to be a Rorschach test, but: https://coinmarketcap.com/currencies/ethereum/ https://coinmarketcap.com/currencies/ethereum/ As far as what this will do, your best bet is to stock up on fortune cookies and astrology mags because they're probably about as informed as anything else on the matter. Preferably cookies, because at least you can eat those.
m1k32h07 9y ago
Why isn't ETH crashing right now?
- cloakandswagger 9y ago
  Because decentralized organizations like the DAO are only one of a multitude of different things you can implement with Ethereum.
  - memossy 9y ago
    SEC clarifying some guidelines makes it easier to codify proper token sales like the upcoming filecoin one done by coinlist. Scam tokens were never going to be the big driver of Ethereum success, official acknowledgement of it as a valid platform was. This goes another step in that direction, particularly as it avoids clamping down on cryptocurrencies like Ethereum or Litecoin, which the IRS has deemed as property. Initiatives like the Ethereum Enterprise Alliance are also contributing, so the more respectable it appears, the higher the price is likely to go due to higher expected future utility value.
sosa2k 9y ago
I'm sure those that work at the SEC are under pretty tight monitoring for insider trading.
- throwaway91111 9y ago
  What exactly does this mean in terms of monitoring? You could cash out to another virtual currency and sit on it for however long you'd like without any trail tied to you.

aaron-lebo 9y ago

Nothing especially strange in the price data, just the usual ups and downs. There's a downward trend as of about 14 hours ago, but good luck pinning that on insider trading. Woo $222 to $215. That could happen any day. These charts seem to be a Rorschach test, but: https://coinmarketcap.com/currencies/ethereum/ https://coinmarketcap.com/currencies/ethereum/ As far as what this will do, your best bet is to stock up on fortune cookies and astrology mags because they're probably about as informed as anything else on the matter. Preferably cookies, because at least you can eat those.

m1k32h07 9y ago

Why isn't ETH crashing right now?

cloakandswagger 9y ago
Because decentralized organizations like the DAO are only one of a multitude of different things you can implement with Ethereum.
- memossy 9y ago
  SEC clarifying some guidelines makes it easier to codify proper token sales like the upcoming filecoin one done by coinlist. Scam tokens were never going to be the big driver of Ethereum success, official acknowledgement of it as a valid platform was. This goes another step in that direction, particularly as it avoids clamping down on cryptocurrencies like Ethereum or Litecoin, which the IRS has deemed as property. Initiatives like the Ethereum Enterprise Alliance are also contributing, so the more respectable it appears, the higher the price is likely to go due to higher expected future utility value.

sosa2k 9y ago

I'm sure those that work at the SEC are under pretty tight monitoring for insider trading.

throwaway91111 9y ago
What exactly does this mean in terms of monitoring? You could cash out to another virtual currency and sit on it for however long you'd like without any trail tied to you.