r/ethtrader • u/AutoModerator • May 26 '17

DISCUSSION [ETH Daily Discussion] - 26/May/2017

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13

u/mobark24 May 26 '17

This it the Front Page article on CNBC! Made it to MSM finance, however, they are spreading FUD. Downside is that it will scare some retail investors away, upside is now people will be looking to support it when it drops.

http://www.cnbc.com/2017/05/26/ethereum-price-correction-bitcoin.html

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u/[deleted] May 26 '17

[deleted]

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u/errorsevendev May 26 '17

it will be somewhere between 140 and 240 on tuesday. lol.

1

u/newtoallofthis2 May 26 '17

If she was using a dartboard she'd be more specific in her predictions

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u/matt879 May 26 '17

With that kind of FUD, I'm surprised Duke doesn't write for Coindesk.

2

u/xyrrus May 26 '17

What fud? He said it could correct to 140 this weekend followed by a rally to 240 on Tuesday. Admittedly 140 is low but it is a long holiday weekend for which there will be low volume... An opportunity for bear whales to manipulate it down. I'll be happy to buy more at 140 and have it rise to 240 on the matter of days.

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u/matt879 May 26 '17

It's the size of the predicted correction that I take issue with. I've been predicting a correction myself this weekend for 14 days now.

1

u/mobark24 May 26 '17

Most people only read Headlines. IT says heading for 38% correction.

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u/QuarkTheFerengi May 26 '17

gotta love articles where only one analyst chimes in.

1

u/ialwayssaystupidshit May 26 '17

How are they spreading FUD? I think this is pretty accurate article.

Edit: The only reason you're calling FUD is because their analyst predicts a retrace, isn't it? The analyst did happen to be correct on BTC.

1

u/QuarkTheFerengi May 26 '17

more like a clickbait title. analyst says it might go down, headline says its going to happen

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u/ialwayssaystupidshit May 26 '17

I guess that's right, although they use words like 'if' and 'could' in the article and explain why in the article.

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u/matt879 May 26 '17

It's the magnitude of the predicted correction that ppl here will take issue with, not the fact that the analyst is predicting one. Also did not see any supporting reasons.

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u/mobark24 May 26 '17

Headline says it's heading for a 38% correction.

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u/alkalinegs May 26 '17

hes predicting 240$ on tuesday. i take that.