Why Ethereum is dumping - You should look into buying its sister coin ETC (Ethereum Classic) #6 on Coinmarketcap! Zane @ Bitfinex confirms addition!

Steemit Community,

If you are a trader, you need to look into ETC right now.

https://poloniex.com/exchange#btc_etc

There is ZERO time to waste.

I just bought over 11k of Ethereum Classic (ETC)

Why did I do this?

This is the "Peoples Ethereum"

What does this mean?

It means that on Poloniex.com right now...the original ETH currency -Pre - Hard - Fork is trading at 105K sats.

ETC was given to everyone that had a Ethereum Balance on Poloniex PRIOR to the Hard Fork.

What this means for traders is this new trading pair ETC is going to see MASSIVE gains!

ETC just rampaged the market books and hit 953 BTC in volume in 1.5 hours, and will soon be #2 most traded coin on POLONIEX.

As I suspected when I wrote this.... ETC is now passed NXT in trading volume and has now moved into the number #2 spot on POLONIEX.

Many people have no idea what this coin is yet....

It had 30 BTC in BUY support for the first 30-40 mins it was listed.

It increased to 69 BTC in buy support 50 mins into trading on Poloniex!

Now we have over 500 BTC on this market that is 1 HOUR old!

Market doesn't seem to be a joke...Now 600+ BTC on this Ethereum Classic Market!

Update:

Ethereum is taking on HUGE dumps from whales exiting ETH and entering ETC.

2 Hours ago ETH was at .0220 - and now we have ETH at .0208.

ETC is now Trading with over 2350 BTC in VOL while ETH has taken on 3,000 BITCOIN of DUMP VOLUME!

Update:

ETC BUY Support is growing very quickly! Now over 700+ BTC in support!

Update:

ETHEREUM has just seen massive dumps in the market due to the rise of ETC to 270K sats just now

Update:

ETC Ethereum Classic taking the show on POLONIEX now ! OVER 1,000 BTC in buy support!

Update:

ETC saw a run up to 300k and quickly retraced back to 100k sat level and dumped under 800 BTC in BUY support for about 5-8 mins. Shortly after ETC rebounded back to 120k sat and BTC BUY support took off past 1550+ BTC!

Update:

Now we are seeing 1700+ BTC in BUY support for ETC - ETH CLASSIC

Update:

ETC has now bounced off the 130k sat bottom and is now stable above 150k sats with 2000+ BTC in BUY Support! This is big volume for a coin 7 hours old!

Update:

So Zane at Bitfinex confirms that they WILL be adding ETC - ETHEREUM CLASSIC to their exchange :

https://www.reddit.com/r/ethtrader/comments/4uc61e/daily_discussion_24jul2016/d5optu0

I will update this thread with more information as it develops.

Cheers,

Rich T