cblab
Long

CLO fork doesn't have the expected effect on ETC… What's next?

KRAKEN:ETCEUR   ETC / EUR
For some reasons, seems like Callisto (CLO) imminent fork/pseudo-airdrop didn't pump the Ethereum Classic (ETC) as I initially expected. Opposite, actually.

Somehow, this is totally biassed since currently, no crypto-currency/token seems to be able to live really independently from Bitcoin (XBT/BTC), which invalidates any kind of fundamental analysis that is not based on XBT.

I am still buying ETC now. No solid TA behind it (I'm far from mastering TA tricks), but mostly my feelings. Plus, it seems there is still a strong support at ~EUR22, forming a tunnel with a resistance at ~EUR27.

So, I'll take the CLO, then I'll probably hold for a while and see what happen with that tunnel. Yes I know, pretty amateurish...
Comment: (I am actually not buying "right now"… I'll wait a few hours, until we get closer to #5,500,000, since we are still clearly on a downhill )
Have you received any CLO? I had my ETC stuck in a Ledger Nano (for some reason i was unable to transfer my ETC to my CEW, insufficient ETH to pay for gas, 0.01 ETH needed and i had 0.238 ETH needed) nevertheless when i connected my ledger nano to the pool.io on CEW i could see my ETC,ETH there, not sure if i missed the snapshot or not and if i'm entitled to some CLO?
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$clo has not a lot of Exchange support, also the $clo price is probably going to be very low. max coin supply is 6 Billion, and it's a 1:1 ETC:CLO airdrop.
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cblab Crypto_wiz
@Crypto_wiz, actually, CLO doesn't have any exchange support right now, AFAIK. Even more, we won't "get" the CLO right now, since the main net is not to be launch right after the fork. But well, it's a kind of bet. I think the project as a whole makes sense (security concerns rationale, white paper, doc, etc.), even though it's supported mostly by a single guy (Dexaran, who is/was still an important player in ETC).

For the value of the coin, yep, I don't expect a high value soon. But I think the argument of the max supply doesn't make much sense, since even with ETH, we don't have a precise answer to that question. It doesn't prevent ETH to reach several hundred bucks.
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