The price of dao tokens suggest that the market expects a 23% drop in the value of ETH after the DAO fork happens and coins are released.
ETH is a mess
Who knows where this shitshow will take us next.
Bad news for investors that are not in the inner circle.
How do you figure that out? What are the prices?
>>1359870
i figured this fork business would kill DAO for a year if not forever, so sold them at a loss and bought TRUMP figuring that will see the best gains in the next 6 months. The current situation of everything doesn't look rosy, but it's what i'm sticking to.
>>1359930
Dao price is 0.0077ETH
Dao will be swapped for ETH at 1 for 100
Buying dao will give you ETH at a 23% discount
>>1359949
Well, what is stopping you from doing the arb? Borrow eth on an exchange for 8% annual interest sell it. Buy dao. Have dao swapped for eth. Return the eth you borrowed.
>>1359974
Because according to market theory the drop in ETH from DAO dumpers will be 23% making that arbitrage futile
>>1359974
Or to put it another way the price of DAO is like a prediction market for the price of ETH in 8 days time minus the risk of no fork