Bitcoin Forum

Yes, everyone knoves that it's a bubble. What I am saying is that it's totally artificial. I realised it looking at coinmarketcap charts.
Almost all of the trading volume goes trought Poloniex and Kraken. On poloniex there's almost ONLY eth/btc volume, no eth/usd volume at all. Kraken actually has eth/usd volume but much smaller than eth/btc.
For me it means than NO FIAT MONEY is flowing in ethereum market cap, it's only that a few btc whales are shorting bitcoin to make money on ethereum pump and then to buy more btc with the profit.
AAAnd, one more time noobs will be fooled.

or people just want to change their BTC in ETH because they think ETH has the brighter future.

and then ethereum frodo and bilbo slayed the fiat banking dragon

Who uses fiat to buy altocins anyway? Ppl usually use fiat to buy btc and then buy othercoins with it.

Lol sour grapes.

Thanks OP posts like these are a massive bullish indicator for the ETH price. And make very pleasurable reading.


It's the same feeling i get if i read that someone i hate got run over by a bus or my favourite team won the FA cup.

Keep em coming

I love this.  All the old Blockstream/Core guys are now miserable, and are over here doing what they do best.... FUD!

LOL  - you killed Bitcoin with your toxic, miserable shit.  But you are just making me friekin laugh my A$$ off because it reminds me you are stuck holding a bag of crappy crippled bitcoins going nowhere but down, and too stubborn to let go of them, and that is why I am laughing..... watching you sink while you get dragged down by your own toxic, bitter stupidity.

ROFL!!!   SUCKERS!!!!  Blockstream/Core screwed you!  Now stay off our Altcoin Channel before you get banned/moved for off topic discussion!  hahaha

Dump bitchcoin!

http://youtu.be/grbSQ6O6kbs

Joe Bitcoin Hodler, "I'm not dead!  I'm not dead!  I feel happy."   LOL.

It's a pleasure to be hated by you, a hater.
Anyway, I am very interesed in ethereum, but this is a bubble. So... Come here in a month and read only my last sentence:
 
    I TOLD YOU SO ;D

More sour grapes keep it coming im almost fully erect

Believe me, I am not happy to know that I'm causing an erection to a homosexual troll.

no shit? lol

for anyone who watches anime
ethereum is Itatchi and bitcoin naruto....really bad joke

but i think ethereum actually worth someone its a lot more anonymous then bitcoin and provides actual features that bitcoin doesn't i mean if you break down most alt coins there just a shadow of bitcoin not that ethereum isn't but i think theres more too it and if you notice bitcoin dropped under its 400 average so most is going towards it

i've been in and out of eth for the past couple of days

Ethereum is the future and Bitcoin is the past.  And the bitcoin folks are going to claw and scratch for every inch, they're not going to let it go easily.  Too bad it inevitable...

Get on the train or be left behind, everything has an end.

I think this is more probable. There is serious problem with Bitcoin at the moment. That is the block size increase debate.

Agree with OP.

I mentioned elsewhere that if you look at Poloniex volume for the top 10 alts, they've all shot up around 10 - 40 times in volume in the past month or two. To me this means that there is simply massive speculation going on across the board. Regardless what anyone thinks of ETH fundamentals and long term, it's clear that right now it's way too high. It's due for a huge correction any time imo.

Please, there's massive speculation because Bitcoin is falling to pieces, is it so hard for you to comprehend? It may be alright at the end but in the short future is doing very bad with problems coming from every angle. Ethereum on the other hand has its shit together, they have plan, there are very serious professionals and developers handling it all. If you put that along with the huge potential it has (it's still not a reality, let's face it) and the attraction of companies of Reuters and Microsoft that Bitcoin would never get, well it's all very clear. It may be a bubble but a justified one not a p&d, there's actually interest in Ethereum and ETH will need to be used if companies and dapps start getting developed contrary to other coins that no one actually use, they just hoard and hoard and then the project dies because there are millions like these that are exactly the same.

New paradigm, this time it's different, eternal september, etc.

We've been here plenty of times before. The nature of this explosion is unique and spectacular but an eventual fall is built into the fabric of the universe. Perhaps the real rise hasn't even started though. Or it's winding down. It'll come eventually.

Even knowing it's a bubble you can still make money,  and the thing is that you don't know how long momentum is going to be in the up direction.  Could be for a while.

A bunch of insider trading and a few sorry sheep who are soon going to lose their shirts.

Exactly, the way things are going (Bitcoin isn't going to get any better any time soon) Ethereum have a very clear road to keep the uptrend unless some very bad news start popping up. The problem is that every week is quite the contrary, new deals, dapps coming up and other positive announcements.

And if the mainstream media start positioning ETH as the upcoming Bitcoin killer, well, we'll see another kind of bubble altogether...

That is what confuses me all the time.Their cold wallet storage and their exchange volume are obviously saying something.

There is a high chance that they are using the 25k btc which they acquired by selling the Ethereum in the past.However no body knows how many old miners are involved in it. IMO both the exchanges are legit and make the money if you can.

It's easier for me to buy bitcoin with USD, then send bitcoin to myself to trade for ETH.

Trading ETH/USD isn't very convenient yet, which explains why so little use it.

Nothing artificial there, genuine interest in it is pretty big, partially fueled by Bitcoin turmoil. No wonder it's in bubble mode now, that's why I think correction afterwards won't be lower than 0.015 BTC

Totally agree you hit the only way to alt coin is bitcoin all exchanges are showing that if you want to buy altcoins you have to use your btc not another altcoins to altcoins or fiat money..

Maybe - but to my eyes, it looks like we're early in a new bull market. As the old adage says, "Markets climb a wall of worry and slide down a river of hope."

I survived the river-of hope phase of last year and '14, but barely. ;) Now, I'm seeing "wall of worry."

This is probably due to the fact that Poloniex does not trade in fiat currencies, only in crytpocurrencies. They offer USDT (Tether) which is not fiat, and if you have to exchange to tether to trade most people would probably just as soon exchange into BTC to begin with.

While Kraken does offer trading in fiat, keep in mind that there are withdrawal limits in place for how much fiat you can withdrawal daily based upon your level of verification. There are no limits on withdrawing cryptocurrencies once you are verified to Tier 2. So for people who trade in large amounts (where most of the volume comes from), there are benefits for keeping the funds in crypto.

ETH pumped, and soon dumped. Of course it's artificial, is anyone naive enough to think it sat at 200k sats for 3 months then the buying public decided it was worth 15x that in a few days?

The real question is does anyone actually care if it is a bubble or not ? Most of the volume is from whales true but trades are contributing a whole lot also, and traders are in there with only one goal, to make profit. And  have to say ETH is excellent for trading right now, a lot of easy profit from trades. The only ones who will get hurt are the fanboys, but hey, someone has to take a loss also because everyone cant be in profit.
Most altcoins are just bubbles anyway, its the knowledge of how to trade them that counts.

Hat - Bubble seen

https://www.tradingview.com/chart/ETHUSD/UcCzL0Mb-ETHUSD-BUBBLE-CYCLE/

Only to remember:
http://s3.amazonaws.com/armstrongeconomics-wp/2014/06/I-Told-U-So.png

Also they only allow it for a handful of countries and i don't think most of the people are really impressed with the verifications and all that stuff.

There could be a significant amount of volume being traded by Traders.Not all of the volume is bought by people? :P

I don't understand why so much money is flowing into Ethereum. Given that Ethereum is inflationary, and therefore has no fixed supply - it seems like a terrible long term investment. Can someone please explain why so much money is getting pumped into it right now?

For the PoS coins, if the inflation is less than 1% a year, or the interest is less than 1% a year, it is fine with me.

Quit your weak FUD, we all know Ethereum has a limit of 100 million coins, there's only inflation for the next couple of years and it's very low and then it switch to PoS.

We do not know the upper limit yet. It will decided early next year when the PoS phase arrives.

I also made small profit. I mined the Ethereum when the price was about $0.8-$1.0. I sold all my coins at $1.4.

Your profit is too small. If you hold until today, you can even make bigger profit. But who knows future.

I am mining the Ethereum at the moment. I will hold most of my coins and sell when the price is $20.

Well you could be in for a long waiting period ;). Since the price is on it's return i think it will stabilize somewhere around the 2/3 dollar region.
From where another pump will happen a few months later.

Ethereum is going Proof-of-Stake within, oh, maybe 6 months in the Serenity release using the Casper PoS algo...
So the Ethereum Global Supercomputer (EVN) that serves blockchain features via Turing-complete custom functions...
Will have a fixed amount of "gas" to pay for cycles (ETH)... which will circulate endlessly throughout the ecosystem.

https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-casper/

It's as if there was a fixed amount of energy on earth in the form of "energy tokens"...
And the exponential increase in human energy usage MUST translate into exponential increase in the value of "energy tokens".

Right now ETH is doing > 30,000 tx/day with no large commercials apps yet released...
Exponential growth in both tx/day... and the price of Ether is a good bet due to the PoS rollout.

https://stats.etherchain.org/dashboard/db/transactions?theme=light

Bitcoin is down 50% since late-2013 and developing at a truly glacial pace...  
So if you wanna speculate on a crypto-ecosystem that could blow by Bitcoin by orders of magnitude in 12-24 months... don't expect "cheap".
 

Ethereum is inflationary at the moment. The inflation is 26% a year. From the next year, when it becomes PoS, the inflation is much lower.

I heard the total amount will be kept below 100 million next year. So the price could rise when that become effect.

it is for the same reason why there always been money flying around all over the altcoin market, it is because of pumps, whenever there is pump a lot of traders rush to the market to put their money down and catch the rocket to the moon.
it is all the hype that causes the rise and falls.

It is not good to say the ethereum price increase as artificial increase, as I am seeing that the price increase is natural  because of peopel interest in that currency and it is also true that the price will go down again very sooner.

Yes, of course. And that means - ETH price will go down with time - I think in one year time.  :)

the price of ethereum is high as of now and i think people are converting in ethereum because they are affraid about bitcoin what will happen after block halving.. and ethereum is still strong i thought that the price of bitcoin few weeks ago after the continues price increase of bitcoin we see that more trader are dumping ethereum but now the price is back again high..

Why should people be afraid of bitcoin halving. It should increase the bitcoin price as long as there are enough demand.

Ethereum might have more uses and power but if the supply is continually inflating, how can there be a good long term return?
I mean it is possible but the adoption needed would need to be tremendous. Where as if BTC ONLY is a store of value and gets
just a small % of the wealth it will be huge.

I do think Ethereum is a promising tech but not having an end in sight regarding number of ETH is very alarming.

I agree with that. I heard the PoS inflation will be low to keep the price up. As long as it is lower than 1%, its price will rise.

The PoS has been delayed for some time. The PoS interest rate has not been decided yet. We do not know.

I see more use in Ethereum compared to Bitcoin. So, I don't think Ethereum is a bubble, while Bitcoin is a bubble.

No, it's not. Some people don't have the appetite for risk that the less experienced investors on this board display. Warren Buffet would bite out your throat for a chance at 40-60 percent returns. Better a bird in your hand than two in the Bush.

The Ethereum has a strong development team and user community. There are many new applications based on Ethereum.

As OP says you can see the market manipulation clearly. Speculative opinion is ETH loses 400% of its value by 2018 if not sooner (depends if whales get bored sooner). Besides, Ethereum is a mutable chain that reverses transactions so it's "blockchain" value is ZERO.

Bumping a year-old thread just to spread your FUD? Lemme guess...  missed the ETH train?  It was $10 when this thread was posted and it is $250 now. Why because it's just market manipulation?  Then I think we have even bigger manipulation with BTC.

Ethereum is not in a bubble, unfortunately at the present moment it has even more utility than BTC. But I believe Vitalik is getting to complacent and will screw it eventually.

Lol OP is not aware that polo has no USD ,only USDT which is a crypto too.

the fact that in many minds it's dependent on the actions of one person kinda destroys the whole thing for me.

Well i think i agree with your opinions, but mostly users has business with ethereum is just for trading altcoins
ethereum is good altcoins to makes money with it, i don't care about smart contract i don't related with it,
ethereum is just makes bitcoins on it and about the newbies get trap in ethereum, that is just part of risk investing in ethereum.

Just to clarify... what's the point of contention between an artificial bubble and a genuine bubble? The term bubble itself seems to me to be pretty negative in the sense of quantifying value. The entire crypto world is arguably in a bubble, no?