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RE: What is Ethereum Classic Worth? 70% Less. Crypto Valuation and Scenario Analysis

in #crypto-news8 years ago

The division hurts everyone imo. An ETCer who went all ETC, can now swap back into ETH and have tripled their ETH stake or more and be on the chain that has price, hashing, and network effect dominance. Seems rational to do that but we'll see. People are emotional.

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The entire thing has been brought around by fearmongering, FUD basically. People have panicked into division. The fear is of course spread by a greedy few who saw the opportunity for free money - probably rallied by the DAO attacker to begin with. Sadly, it has gone mainstream. I just hope it stabilizes at the 0.001 price and ETH can gain back its support.