Bitcoin Forum

Alternate cryptocurrencies => Speculation (Altcoins) => Topic started by: HabBear on March 17, 2017, 03:09:16 AM



Title: Sooo...which one of you is selling BTC to buy ETH?
Post by: HabBear on March 17, 2017, 03:09:16 AM
ETH just hit $50...there's no turning back, no correction, no limit to the growth...apparently.

Also, BTC seems to be selling off. Hmmm...what a coincidence.

Who among you are selling off to buy in?


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Yuuto on March 17, 2017, 03:22:12 AM
ETH just hit $50...there's no turning back, no correction, no limit to the growth...apparently.

Also, BTC seems to be selling off. Hmmm...what a coincidence.

Who among you are selling off to buy in?

Not me.

I believe that there is a lot of hype going on, and when there is hype, there is a rise. But after that rise inevitably every time there will be a huge crash and people's confidence destroyed again. But people don't ever learn in my opinion, they keep investing when there is so much hype and lose a lot of their hard earned money on margin trading.

Bitcoin is cheap compared to its $1250 high, i think it's a good time to hold.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: European Central Bank on March 17, 2017, 03:50:21 AM
so 'this time it's different?'

sellsellsellsellsellsellSELL.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Mervyn_Pumpkinhead on March 17, 2017, 03:56:37 AM
Sold my ETH yesterday and bought LTC and thought that I'll just let it sit for a while....but then.... learned about MLN and switched to that instead. It's a fun spring for crypto


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Fatov on March 17, 2017, 04:07:09 AM
eth 0.02 to 0.043
DASH 0.036 to 0.08

Should I change "DASH" to "ETH"?


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Sniper44 on March 17, 2017, 04:16:12 AM
ETH just hit $50...there's no turning back, no correction, no limit to the growth...apparently.

Also, BTC seems to be selling off. Hmmm...what a coincidence.

Who among you are selling off to buy in?

i bought ethereum when nobody was talking about it and price was low. i will NEVER buy into a pump and after a bubble is formed because i am not an idiot.

i have not yet decided when to unload by bags though. because it is hard to predict the top of this bubble. i may do it very soon because i have already made a good amount of profit from this pump and i am more than satisfied with the result.

also i don't want to be caught in the middle of a dump and hating myself for holding too long.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: digaran on March 17, 2017, 04:23:37 AM
ETH should go up to $200 imo and ETC should rise up to $15 and DASH should rise up to $120 let us put some cash on them instead of putting all the eggs on bitcoin's blockchain. I'm waiting for ETH to change to POS before buying and staking.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: European Central Bank on March 17, 2017, 04:24:26 AM
i bought ethereum when nobody was talking about it and price was low. i will NEVER buy into a pump and after a bubble is formed because i am not an idiot.

i have not yet decided when to unload by bags though. because it is hard to predict the top of this bubble. i may do it very soon because i have already made a good amount of profit from this pump and i am more than satisfied with the result.

also i don't want to be caught in the middle of a dump and hating myself for holding too long.

hey, keep quiet. we can't have too many sensible people otherwise we wouldn't get the stoopid pumps.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: zoolander on March 17, 2017, 04:51:16 AM
ETH just hit $50...there's no turning back, no correction, no limit to the growth...apparently.

Also, BTC seems to be selling off. Hmmm...what a coincidence.

Who among you are selling off to buy in?

Neither. I hate to say this as someone who has always been long on Bitcoin and long on Ethereum since I took a significant position last year whilst all the hard fork craziness was unfolding but ... I'm cashing out a chunk of both BTC/ETH to USD to wait this out and lock in some profits, but I'll still be more than happy if either continue to do well.

I think we may be witnessing one of the greatest co-ordinated market manipulations in crypto history. Either that or some people who are holding a lot of BTC that can't convert to FIAT has insider knowledge of something bad that is going to happen and is diversifying on a huge scale. The only thing that makes me pause for thought are the volumes, which are huge. Perhaps it is both - a perfect storm of events.

I predict a blood bath one way or another. Clearly ETH didn't just become worth several times its value in the space of a few weeks. We are into parabolic territory now - calling the top (which admitted could easily go another $10 or $20 or more) is a very dangerous game - and only a gambler would buy in right now. Having been around for the Bitcoin $32 bubble and $256 bubble it is definitely going to crash ... it is just a question of when and by how much.

The more interesting question is where is Bitcoin is going to go? Perhaps it is just me but people seem to forget that the previous ATH we just broke was most likely artificial - willy bot and MTGOX fraud anyone? I tend to think the actual ATH if the market had been left to its own devices would have been much lower. Perhaps we would have never broken $266 again for quite a while - we have no idea what was going on back then. So it is quite reasonable that Bitcoin could see a significant correction and sell off - even though I think the gains here have been more steady and over a prolonged time.

If Bitcoin does have destructive war regarding Segwit and BitcoinUnlimited the whole market will tank. Not good for anyone who is actually interested in how Bitcoin and blockchain technologies can change the world.

Smarter and more powerful people than me are set to make a lot of money I suspect.

My BTC.02 - Long time Bitcointalk lurker but still a newbie poster.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Bitcoin_Mafia_Me on March 17, 2017, 05:03:29 AM
I'm still hanging onto my BTC. I think it's awesome that ETH is climbing in value but I get leery about how long
the climb can last.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: HabBear on March 17, 2017, 05:20:03 AM
Clearly ETH didn't just become worth several times its value in the space of a few weeks.

Don't take this the wrong way, but you gotta read the news more often. Major US corporations in Tech and Wall Street announced an alliance project based on the Ethereum platform. That's the single piece of news that cause this run on ETH.

Here's the article: https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0 (https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0)

I believe that there is a lot of hype going on, and when there is hype, there is a rise. But after that rise inevitably every time there will be a huge crash and people's confidence destroyed again.

Wise point here except when it doesn't happen. Let's take the time that BTC ran up from $10-20 range to over $100 and beyond. It's never been below $150 since. So, was that run up "irrational exuberance" or genuine asset appreciation? The fact that it hasn't crashed back yet leads me to believe it's the latter.

Everyone likes to say "it's a bubble!"...but then, sometimes...it isn't.

This thing with ETH doesn't feel like a bubble, it feels like ETH is finally breaking out.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: FiendCoin on March 17, 2017, 06:02:58 AM
Clearly ETH didn't just become worth several times its value in the space of a few weeks.

Don't take this the wrong way, but you gotta read the news more often. Major US corporations in Tech and Wall Street announced an alliance project based on the Ethereum platform. That's the single piece of news that cause this run on ETH.

Here's the article: https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0 (https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0)

I believe that there is a lot of hype going on, and when there is hype, there is a rise. But after that rise inevitably every time there will be a huge crash and people's confidence destroyed again.

Wise point here except when it doesn't happen. Let's take the time that BTC ran up from $10-20 range to over $100 and beyond. It's never been below $150 since. So, was that run up "irrational exuberance" or genuine asset appreciation? The fact that it hasn't crashed back yet leads me to believe it's the latter.

Everyone likes to say "it's a bubble!"...but then, sometimes...it isn't.

This thing with ETH doesn't feel like a bubble, it feels like ETH is finally breaking out.

Its not a bubble until it pops and people  :'(


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Herbert2020 on March 17, 2017, 06:24:29 AM
at this point, not me. i have made my profit and no offense to those that are getting in now but if you ask me that is a very stupid idea to get in now after the pump and buy into the bubble.
  • if you can buy before the pump then you are a winner,
  • if you buy as the pump starts and get out higher than you bought you are a winner.
  • if you buy very late into the pump after price had gone up pretty high then you have balls of steel because the dump is right around the corner.
  • and finally if you buy very late into the pump and be left holding bags of overprices crap then you are an idiot.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: mobnepal on March 17, 2017, 06:31:09 AM
at this point, not me. i have made my profit and no offense to those that are getting in now but if you ask me that is a very stupid idea to get in now after the pump and buy into the bubble.
  • if you can buy before the pump then you are a winner,
  • if you buy as the pump starts and get out higher than you bought you are a winner.
  • if you buy very late into the pump after price had gone up pretty high then you have balls of steel because the dump is right around the corner.
  • and finally if you buy very late into the pump and be left holding bags of overprices crap then you are an idiot.
Good points to remember when trading alts, alts are good to play for short term but on long run we have seen so much dump after a very high pump. ETH have pumped really hard before also and a dump after DAO disaster, so be careful when buying ETH at current peak price.  ;D


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: batang_bitcoin on March 17, 2017, 06:33:27 AM
ETH just hit $50...there's no turning back, no correction, no limit to the growth...apparently.

Also, BTC seems to be selling off. Hmmm...what a coincidence.

Who among you are selling off to buy in?

No I don't, I keep on sticking with bitcoin. A coincidence or it's just normal that when bitcoin's price is dropping there are some alts that are increasing. And I keep on holding both of it, there's no need to sell since I'm looking for a higher profit and just do nothing but keep on holding it.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Amph on March 17, 2017, 06:33:55 AM
first time i see two strong coins being pumped at the same time like dash and ethereum, usually they dump one to buy another

and dumping bitcoin here to buy etheruem doesn't make sense, because you can directly buy ethereum with fiat on many exchange

therefore the reason for the bitcoin tanking must lie under another thing


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: HabBear on March 17, 2017, 06:36:56 AM
first time i see two strong coins being pumped at the same time like dash and ethereum, usually they dump one to buy another

and dumping bitcoin here to buy etheruem doesn't make sense, because you can directly buy ethereum with fiat on many exchange

therefore the reason for the bitcoin tanking must lie under another thing

But Bitcoin has stalled, the ETF got rejected...why not double down on something new and poised to do great things. I'm not talking about alt coins. Ethereum isn't currency, it's a different use of the blockchain with a more practical application for mainstream adoption.

It's not currency. I see it as shares in a company or an idea.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: zby on March 17, 2017, 06:51:43 AM
Hmm - but with unlimited supply Ethere was not really meant as a store of value.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: zoolander on March 17, 2017, 06:53:28 AM
Clearly ETH didn't just become worth several times its value in the space of a few weeks.

Don't take this the wrong way, but you gotta read the news more often. Major US corporations in Tech and Wall Street announced an alliance project based on the Ethereum platform. That's the single piece of news that cause this run on ETH.

Here's the article: https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0 (https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0)

I believe that there is a lot of hype going on, and when there is hype, there is a rise. But after that rise inevitably every time there will be a huge crash and people's confidence destroyed again.

Wise point here except when it doesn't happen. Let's take the time that BTC ran up from $10-20 range to over $100 and beyond. It's never been below $150 since. So, was that run up "irrational exuberance" or genuine asset appreciation? The fact that it hasn't crashed back yet leads me to believe it's the latter.

Everyone likes to say "it's a bubble!"...but then, sometimes...it isn't.

This thing with ETH doesn't feel like a bubble, it feels like ETH is finally breaking out.

::) Please, I have read ALL the news there is to read. Like EVERYTHING in this mad wild wild west of ecosystem it's just one story to latch on - and smart and dumb speculators either use it to their advantage or get sucked in. This is NOT a mature technology, it's all speculated potential and there are too many manipulators who can have the fire power to swing the markets, even BTC.

Like I've said I have been in this market for a long time. When you get consecutive 20% bumps in price on a daily basis the end is in sight. It's just a matter of when. Perhaps the previous ATH will hold (I think around $20 might be more sensible target) and yes, the overall trend for people holding will still be very healthy (that's why I am far from selling everything). But you are smoking crack or just spreading lies if you don't think this is irrational exuberance right now (edit: or manipulation)


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: freebutcaged on March 17, 2017, 07:09:56 AM
Me, but not seriously because I bought ETH when price crashed under $7 and sold already when it reached $50 and now just waiting for price to drop under $50 again so I can buy back in to hopefully sell to profit once pumps and creates another bubble.
Bitcoin price is dropping unlike dash which is around $90 and will increase even more.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: X-ray on March 17, 2017, 07:20:52 AM
eth 0.02 to 0.043
DASH 0.036 to 0.08

Should I change "DASH" to "ETH"?
Yes i think because you still have a chance to grow your money on the ethereum. and i think let's purchase ethereum with your dash and just waiting for the top of the ethereum itself. But that's having a high risk for converting your dash into the ethereum


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Apostle4444 on March 17, 2017, 09:22:04 AM
I sold my Eth today.. 400% profit is my quitting time.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: TeraBite on March 17, 2017, 09:26:21 AM
eth 0.02 to 0.043
DASH 0.036 to 0.08

Should I change "DASH" to "ETH"?

You should change this to BTC next rally is coming to this king. Both are shit coins and not have bright future like BTC have.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: misterbigg on March 17, 2017, 10:33:48 AM
Don't take this the wrong way, but you gotta read the news more often. Major US corporations in Tech and Wall Street announced an alliance project based on the Ethereum platform. That's the single piece of news that cause this run on ETH.

Here's the article: https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0 (https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0)

These businesses are building private solutions using their own forks of Ethereum. How would this affect the price?


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: HabBear on March 18, 2017, 03:18:45 PM
Don't take this the wrong way, but you gotta read the news more often. Major US corporations in Tech and Wall Street announced an alliance project based on the Ethereum platform. That's the single piece of news that cause this run on ETH.

Here's the article: https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0 (https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0)

These businesses are building private solutions using their own forks of Ethereum. How would this affect the price?

Because this decision by "these businesses" represents a major endorsement of the Ethereum idea, application of the blockchain, and platform. And the Ether represents shares in that movement, although I know it is not legally or physically shares in anything more than the currency Ethereum is using for entities to interact on the platform.

If the Bitcoin ETF had been approved we would have seen a run up of Bitcoin directly correlated to that news.

Investors buy on the news (either real or speculation), and that's what's happened with ETH.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Dimelord on March 18, 2017, 06:40:36 PM
Buying altcoins before the pump would give huge profits.In ethereum case, it would be too late to buy now.Ethereum pump may be in its final stage.I havnt sold and wont sell my btc for investing in these pumped altcoins.I believe bitcoin has more potential to deliver and patience is the only thing needed now.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: FractalUniverse on March 18, 2017, 07:11:48 PM
i am selling both right now :D my eth target is about 40-50% drop from here (38.50), bitcoin is wait and see how deep it goes, atm. imo below 800 at least

/i may be wrong of course so noone follow me pls ;D


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Drnice on March 19, 2017, 09:45:40 PM
ETH just hit $50...there's no turning back, no correction, no limit to the growth...apparently.

Also, BTC seems to be selling off. Hmmm...what a coincidence.

Who among you are selling off to buy in?
not me

I would rather sell ETH for Btc, cause no knows if ETH will be really strong as Btc, and in the other way round  everyone is looking on how to make more bitcoin rather than selling it off


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Blawpaw on March 19, 2017, 11:08:33 PM
this price increase is mainly because the mining phase is going to end and the PoS phase will begin. but I do think that the best thing to do is to buy some because it will increase a lot


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: pereira4 on March 19, 2017, 11:59:47 PM
The price crashed but it's back at 42$. Is this a double top dead cat bounce before capitulation and a big crash after the hype of the POS change and whatnot? it's anyone's guess..


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: connexus on March 20, 2017, 08:07:25 AM
The price crashed but it's back at 42$. Is this a double top dead cat bounce before capitulation and a big crash after the hype of the POS change and whatnot? it's anyone's guess..

Time and time again ETH toughness has been proven and always comeback stronger than ever.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: BitFinnese on March 20, 2017, 08:28:58 AM
Buying altcoins before the pump would give huge profits.In ethereum case, it would be too late to buy now.Ethereum pump may be in its final stage.I havnt sold and wont sell my btc for investing in these pumped altcoins.I believe bitcoin has more potential to deliver and patience is the only thing needed now.

Yeah it is quite late now so maybe I will just watch the train left.  There are lots of potential coins in the market :).  If I hurry to buy now I might end up losing my BTC.  Luckily I do not have a characteristics of having FOMO.  So I guess I'll just congratulate those who earned profit from this pump and feel sorry to those who lost.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: densuj on March 20, 2017, 09:03:13 AM
I always buy and sell ETH almost one years ago, I trading altcoins in ETH to bitcoin
and will trade in it because ETH has good movement of price with ETH could made profit daily,
ETH is good for put our money in ethereum, it is good for short term investments (trading altcoins)
 also good for long term investments (investors) because ethereum has good fundamental
 for example many projects related with ethereum, so ethereum's price always increasing.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: btcdevil on March 20, 2017, 09:07:39 AM
I am never doing selling or buying btc to buy eth, but i am doing both with same buying and selling of trading means i do btc buy and sell and separately eth buy and selling , for buying eth i dont have to go for btc as i have separate bankroll for both coins as both are giving good margin of profit for day trading.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: CraigWrightBTC on March 24, 2017, 03:58:44 PM
ETH just hit $50...there's no turning back, no correction, no limit to the growth...apparently.

Also, BTC seems to be selling off. Hmmm...what a coincidence.

Who among you are selling off to buy in?
ETH just hit $50 is time to sell for bitcoin, I don't agree with no correction
 all of coins are always correction in price to test the trend
at least sideaway and it is time to buy back ETH and hold again
with this way I could made profit from trading ETH.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: robelneo on March 24, 2017, 04:31:41 PM
ETH should go up to $200 imo and ETC should rise up to $15 and DASH should rise up to $120 let us put some cash on them instead of putting all the eggs on bitcoin's blockchain. I'm waiting for ETH to change to POS before buying and staking.

I'm not really into eth,but all the bad news about bitcoin lately and the problem with transactions made me to look further with etherium,eth is heading upwards even though there are the usual pump and dump news,I still believe eth has a brighter future among the crypto currency


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: shintosai on March 24, 2017, 04:35:46 PM
ETH should go up to $200 imo and ETC should rise up to $15 and DASH should rise up to $120 let us put some cash on them instead of putting all the eggs on bitcoin's blockchain. I'm waiting for ETH to change to POS before buying and staking.

I'm not really into eth,but all the bad news about bitcoin lately and the problem with transactions made me to look further with etherium,eth is heading upwards even though there are the usual pump and dump news,I still believe eth has a brighter future among the crypto currency
its been quite a while seeing the eth rally and its still making some good moves, i also agree since the problem with bitcoin are really concerning traders that's why its making some moves to some alts and eth is one of the finest let see after btc problem resolved how this coin will still stand
out.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: iamnotback on March 24, 2017, 04:47:40 PM
Who among you are selling off to buy in?

My writings today and my advice a couple days ago to diversify into ETH may have had an impact. I was getting some serious level of attention in the Bitcoin Discussion forum.

Also in general the announcement from the BU Chinaman (Chair?) that he would 51% rear-entry attack Buttcoin seemed to change everything.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: gigq on March 24, 2017, 05:00:44 PM
Don't take this the wrong way, but you gotta read the news more often. Major US corporations in Tech and Wall Street announced an alliance project based on the Ethereum platform. That's the single piece of news that cause this run on ETH.

Here's the article: https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0 (https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html?_r=0)

These businesses are building private solutions using their own forks of Ethereum. How would this affect the price?

Yeah once I realized the alliance won't be transacting on the public chain it made that news have far less weight than it did when I originally heard it.  Sure it's a good endorsement of Ethereum and I'm sure they will contribute code back to the project, but they won't have much of a reason to buy ETH or make sure the public network can scale if they are using it in private networks.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: iamnotback on March 24, 2017, 05:04:17 PM
Sure it's a good endorsement of Ethereum and I'm sure they will contribute code back to the project

Money is formed from public CONFIDENCE that someone else will accept it. The above increases CONFIDENCE, thus it is increases the number of people who are willing to hold it.

Then there are a lot of other reasons to want to hold ETH right now (chart pattern, many developments coming to fruition, BU's attack on BTC, ETH is a high liquidity token).


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: FractalUniverse on March 24, 2017, 05:13:06 PM
pumpy pumpy pump  :)

Who among you are selling off to buy in?

My writings today and my advice a couple days ago to diversify into ETH may have had an impact. I was getting some serious level of attention in the Bitcoin Discussion forum.

Money is formed from public CONFIDENCE that someone else will accept it. The above increases CONFIDENCE, thus it is increases the number of people who are willing to hold it.

Then there are a lot of other reasons to want to hold ETH right now (chart pattern, many developments coming to fruition, BU's attack on BTC, ETH is a high liquidity token).

confidence...?
 to be honest, Im starting to consider fiat safer than cryptos for now, due to btc forking possibility. So im reducing bitcoins holding in favor of dollars - of course, I will buy them back at some point later - after the dust settles and winners are clear.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: thejaytiesto on March 24, 2017, 05:31:15 PM
Sure it's a good endorsement of Ethereum and I'm sure they will contribute code back to the project

Money is formed from public CONFIDENCE that someone else will accept it. The above increases CONFIDENCE, thus it is increases the number of people who are willing to hold it.

Then there are a lot of other reasons to want to hold ETH right now (chart pattern, many developments coming to fruition, BU's attack on BTC, ETH is a high liquidity token).

What software are you using to store the ETH? I assume you aren't leaving them on poloniex.

Is there any lightweight wallet that I can trust to store them a month or two? I have been considering getting some for last couple of days but BTC keeps dipping below $1000 then going up again, and ETH just hit an ATH so I wonder if there will be a dip... thought call. I guess I will get in as soon as I figure out how to safely store the ETH.
I wouldn't like to store another huge blockchain on my HD tho I have enough with Core.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: iamnotback on March 24, 2017, 06:40:46 PM
https://www.cryptocompare.com/wallets/#/overview

confidence...?
 to be honest, Im starting to consider fiat safer than cryptos for now, due to btc forking possibility. So im reducing bitcoins holding in favor of dollars - of course, I will buy them back at some point later - after the dust settles and winners are clear.

Relative confidence. Before BTC was less risky than altcoins. Now all crypto is risky. So if you want to hold crypto, now less incentive to hold BTC and no altcoins. Or as you say, you can hold less crypto. It remains to be seen if BTC crashes whether altcoins will also crash or go up. In the past when Bitcoin crashed, altcoins died. But we may have a new phenomenon now.

I think it is possible Bitcoin loiters around $800 - $1200 due to uncertainty, while some altcoins blast off. I don't think speculators want to head to the sidelines (or unanimity on shorting all crypto) just because Bitcoin has a flu. I think the perception is that the problem is with Bitcoin, not with all coins. In the past when there was a heist on an exchange of BTC, people worried about liquidation of all coins to cover liquidity needs (and reverse-FOMO effect on crypto due to bad security of crypto exchanges or what have you). Also BTC had a higher percentage of the crypto marketcap in the past.

I find it odd that you ever thought crypto was more safe than fiat. I mean ultimately it will be, but it hasn't been in terms of security and volatility.



So it looks like now we have 4 "reserve currencies" (BTC, ETH, LTC, DASH)...
(Not XMR because it's centralized on a sleazy exchange called Poloniex and too exotic)...

Please distinguish between reserve currency and a Wizard of the Oz façade with a tiny man pulling all the levers.

The Crypto Anti-christ says reserve currencies tickernames shall have only 3 letters and shall not begin with 'X', because a) ticker symbols are abbreviations not proper names, duh, b) it's smart to waste a letter, c) it makes your project unsuitable for minors, and d) if your token follows international naming standards, then your system isn't independent of the dying morass of democracy and government.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: mining1 on March 24, 2017, 07:27:30 PM
Yeah once I realized the alliance won't be transacting on the public chain it made that news have far less weight than it did when I originally heard it.  Sure it's a good endorsement of Ethereum and I'm sure they will contribute code back to the project, but they won't have much of a reason to buy ETH or make sure the public network can scale if they are using it in private networks.

There's one thing you don't understand. These corporations, institutions, they are all pragmatic. If a specific project will work the same on a private chain, then they will deploy it on a private chain. If it is better suited to work on public chain for any reason ( one example would be transparency ) then they will deploy it on the public chain.

All these corporations want to maintain compatibility with public ethereum chain. It's written in the vision paper. So, some projects will be deployed on private chains, some on public. Depends on their needs.
https://www.infoq.com/news/2017/03/Enterprise-Ethereum-Vision

No matter from what angle you're looking at it, the conclusion is this: ethereum is generally accepted as the default standard for a public chain development, that's why EEA was formed.

About bitcoin. Several months ago i thought about investing into BTC. You know, i wanted to hold it for a few years then dump after the halving. Sounded kinda ok-ish. But now, the risk/profit is so great there is no way i would do that. Ethereum now represents 25% of btc's cap. Ethereum has the market cap of btc in 2015.

r/btc's mod, singularity87 said that if BTC drops 2x and ETH goes up 2x, then ethereum will be worth more than bitcoin, and he is correct.
Proof: https://www.reddit.com/r/btc/comments/617vqk/btc_dominance_below_70_for_the_first_time_at_697/


confidence...?
 to be honest, Im starting to consider fiat safer than cryptos for now, due to btc forking possibility. So im reducing bitcoins holding in favor of dollars - of course, I will buy them back at some point later - after the dust settles and winners are clear.

You are right, fiat is always safer. But fiat doesn't have 200% increase potential in the next 3 months like ethereum does. Raiden will make it into the first scalable project, ever. And 400% increase potential if people dump BTC for ETh in the panic that will follow.

After the dust settles..bby, are you for real ? If ETH reach 50-70% of BTC value untill then it will be game over for BTC. It will lose it's magic, people won't see it as The Blockchain anymore because the reality already started to kick in. After this civil war started many already started to question their faith in bitcoin and looked for alternative. You are underestimating the huge number of BTC bagholders that have no ideea how bad bitcoin currently is, technical wise.

There's are shitloads of btc holders everywhere that think exactly like this: But i don't understand why ether is worth billions, it can't be used to buy anything. Bitcoin is a store of value. This is the reality, most people are the average joes that don't research. You don't have to be programmer to research and learn these things.

@thejaytiesto i use latest ethereum wallet. 0-8-9. It takes about 1h for full sync, assuming you delete the old blockchain. It depends on your computer and internet connection though, i have a SSD and i can dl with up to ~10mb/second. Ethereum light client will be released very soon, in june. There are -fast sync commands but you'd have to look for them on reddit, i never used them tho.


EDIT: Apparently segwitt is bugged aswell https://twitter.com/digitsu/status/845119600907866113



Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: thejaytiesto on March 24, 2017, 08:01:26 PM
Choosing an ethereum wallet is so confusing. I can see people having an headache with this if they move from BTC to ETH.

Is Mist the official Ethereum wallet with the full blockchain? how big is the blockchain? Why is there also "Ethereum Wallet"? Parity? Geth? wtf is this? cmon.

Whats the Electrum equivalent for Ethereum? and what is the Bitcoin Core equivalent for Ethereum?

Edit: Thanks @mining1 i just saw at the end of your message. "ethereum wallet. 0-8-9". What is the official link so I don't download crap?

Also how big is the blocksize? and the wallet.dat equivalent file would be that .json file?

Edit2: Anyway I guess the github would do:
https://github.com/ethereum/mist/releases

They should have it explained clearly, that Mist is the same as Ethereum Wallet without the browser features. Also there should be a nice page like bitcoin.org with everything nice and clear, github is too alienating for noobs.



Yeah once I realized the alliance won't be transacting on the public chain it made that news have far less weight than it did when I originally heard it.  Sure it's a good endorsement of Ethereum and I'm sure they will contribute code back to the project, but they won't have much of a reason to buy ETH or make sure the public network can scale if they are using it in private networks.

There's one thing you don't understand. These corporations, institutions, they are all pragmatic. If a specific project will work the same on a private chain, then they will deploy it on a private chain. If it is better suited to work on public chain for any reason ( one example would be transparency ) then they will deploy it on the public chain.

All these corporations want to maintain compatibility with public ethereum chain. It's written in the vision paper. So, some projects will be deployed on private chains, some on public. Depends on their needs.
https://www.infoq.com/news/2017/03/Enterprise-Ethereum-Vision

No matter from what angle you're looking at it, the conclusion is this: ethereum is generally accepted as the default standard for a public chain development, that's why EEA was formed.

About bitcoin. Several months ago i thought about investing into BTC. You know, i wanted to hold it for a few years then dump after the halving. Sounded kinda ok-ish. But now, the risk/profit is so great there is no way i would do that. Ethereum now represents 25% of btc's cap. Ethereum has the market cap of btc in 2015.

r/btc's mod, singularity87 said that if BTC drops 2x and ETH goes up 2x, then ethereum will be worth more than bitcoin, and he is correct.
Proof: https://www.reddit.com/r/btc/comments/617vqk/btc_dominance_below_70_for_the_first_time_at_697/


confidence...?
 to be honest, Im starting to consider fiat safer than cryptos for now, due to btc forking possibility. So im reducing bitcoins holding in favor of dollars - of course, I will buy them back at some point later - after the dust settles and winners are clear.

You are right, fiat is always safer. But fiat doesn't have 200% increase potential in the next 3 months like ethereum does. Raiden will make it into the first scalable project, ever. And 400% increase potential if people dump BTC for ETh in the panic that will follow.

After the dust settles..bby, are you for real ? If ETH reach 50-70% of BTC value untill then it will be game over for BTC. It will lose it's magic, people won't see it as The Blockchain anymore because the reality already started to kick in. After this civil war started many already started to question their faith in bitcoin and looked for alternative. You are underestimating the huge number of BTC bagholders that have no ideea how bad bitcoin currently is, technical wise.

There's are shitloads of btc holders everywhere that think exactly like this: But i don't understand why ether is worth billions, it can't be used to buy anything. Bitcoin is a store of value. This is the reality, most people are the average joes that don't research. You don't have to be programmer to research and learn these things.

@thejaytiesto i use latest ethereum wallet. 0-8-9. It takes about 1h for full sync, assuming you delete the old blockchain. It depends on your computer and internet connection though, i have a SSD and i can dl with up to ~10mb/second. Ethereum light client will be released very soon, in june. There are -fast sync commands but you'd have to look for them on reddit, i never used them tho.


EDIT: Apparently segwitt is bugged aswell https://twitter.com/digitsu/status/845119600907866113



Segwit is not bugged, they are discussing something that is intended to work like that and using it to FUD as usual on r/btc

About the BTC civil war, what makes you so safe about ETH long term tho? There could be more ETH civil wars, for example, a big DAO type disaster, then 50% of people saying "let's bailout" and other's going another route. It would be ETH/ETC nightmare all over again.

Also doesn't the turing complete thing make you a bit uncomfortable with possible unknown exploits?


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: mining1 on March 24, 2017, 08:31:24 PM
Official ETH wallet, 27.4GB chain size: https://github.com/ethereum/mist/releases
There are several ethereum clients/implementations. Remember the attacks on ETH network ? The fact that it has more implementation is what kept it alive. Geth was almost down but parity held well.
And you create your wallet/key inside the actual wallet. And the file will be saved in C>users>name>appdata>roaming>ethereum>keystore. Make sure you save it in many different locations.

About the BTC civil war, what makes you so safe about ETH long term tho?

Based on the steps they said they will take, it looks safe. There will be raiden next for massive scalability in early april, then metropolis which will implement some things for POS (i'm not very technical so you'd have to look up on reddit for that). Then eventually there will be hybrid mining+ POS, just in case something goes wrong. Full POS will be implemented in 15months tops ( 12 months after metropolis) in the worst case scenario, but hybrid mining will be up and running by then most likely.

There could be more ETH civil wars, for example, a big DAO type disaster, then 50% of people saying "let's bailout" and other's going another route. It would be ETH/ETC nightmare all over again.

Also doesn't the turing complete thing make you a bit uncomfortable with possible unknown exploits?

DAO type disaster was only possible because of several reasons:
1. It was an investment fund, and all the money were held in a smart contract that people could interact with.
2. Fat guy from dao was warned about several bugs few days before, he ignored them.
3. Not enough testing.

Now, why do i think it's very unlikely for it to happen again ? Well, reasons:

1. First, they were advised to cap their projects. So that's why there are many projects that sell out in a matter of 15min to few hours. If their devs are incompetent and the projects aren't succesful, they just fail like every other cryptocurrency.
2. DAO was different because of it's nature, investment fund. Very few projects actually need to hold the money in a smart contract where any investor interact with it. I don't think there was, or is, a similar project.
3. Probably all projects make icos to collect money for development, not to put it all together in a common bag like dao did. So they can't be robbed. I mean, i don't say it's impossible, because exchanged can be hacked too, but it's very, very unlikely.

The turing complete thing is mostly a danger for projects where devs are incompetent, but usually these projects get hundreds to few millions in funding so they aren't really a threat. They have their own tokens and if they fail, they dont affect ethereum. Tokens on ethereum: augur, golem, iconomi, digixdao, singulartv, etc. Can't remember them all.

Edit: make sure you select show hidden files and folders, Appdata is invisible.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: mining1 on March 24, 2017, 08:44:08 PM
About ETH civil wars, i don't really think they are possible. There may be minor civil wars, but that's it. Because in bitcoin land, miners hold all the power. Miners in ethereum hold alot of power too, for now.
But ethereum's value is backed by EF's development , dapps, it's massive infrastructure of devs (there are hundreds of devs working on ethereum not affiliated to ethereum foundation), projects in work or live. Also endorsed by important institutions, academics, corporations. Think about it, having academics and even United Nations succesfully testing a pilot program on ethereum is endorsement enough.

So, let's assume some miners revolt because of POS and they continue mining. Miners are not really needed in POS, and the delayed ice age will start to kick in and most of them will be already forced out because of the lower profitability and the hybrid pos/mining system.

ETC split was caused by the manipulation not because some people really wanted it. I was there when it happened, all the hashrate upgraded to the new chain and left the dao hacker behind. But then barry and chandler gao pulled the scam and some miners followed the profit because etc had no miners therefore it was profitable. It didn't work because they had nothing but 2 scamers and some miners who followed the profit. Because, as i said above, ETH's value isn't backed but faith but several specific things i mentioned above.

P.S: You do know that etc is not aiming to further develop itself as a dapp/smart contract platform right ? The cap will be 200-230mil tokens, and will work somewhat similar to BTC. Some people who genuinely thought they buy the cheaper eth got scammed. They will never have competent devs to further develop it because whoever is competent enough, has no reason to work for them unless they're paid ALOT.

Edit: Bitcoin doesn't fork not because devs/miners/users don't want to, but because bitcoin's value is backed by faith. If it forks to further improve the protocol, and one small thing goes bad, it all blows. Because, as i said, nothing backs it's value, just faith.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: FractalUniverse on March 24, 2017, 10:00:11 PM
About bitcoin. Several months ago i thought about investing into BTC. You know, i wanted to hold it for a few years then dump after the halving. Sounded kinda ok-ish. But now, the risk/profit is so great there is no way i would do that. Ethereum now represents 25% of btc's cap. Ethereum has the market cap of btc in 2015.

r/btc's mod, singularity87 said that if BTC drops 2x and ETH goes up 2x, then ethereum will be worth more than bitcoin, and he is correct.
Proof: https://www.reddit.com/r/btc/comments/617vqk/btc_dominance_below_70_for_the_first_time_at_697/


confidence...?
 to be honest, Im starting to consider fiat safer than cryptos for now, due to btc forking possibility. So im reducing bitcoins holding in favor of dollars - of course, I will buy them back at some point later - after the dust settles and winners are clear.

You are right, fiat is always safer. But fiat doesn't have 200% increase potential in the next 3 months like ethereum does. Raiden will make it into the first scalable project, ever. And 400% increase potential if people dump BTC for ETh in the panic that will follow.

After the dust settles..bby, are you for real ? If ETH reach 50-70% of BTC value untill then it will be game over for BTC. It will lose it's magic, people won't see it as The Blockchain anymore because the reality already started to kick in. After this civil war started many already started to question their faith in bitcoin and looked for alternative. You are underestimating the huge number of BTC bagholders that have no ideea how bad bitcoin currently is, technical wise.

There's are shitloads of btc holders everywhere that think exactly like this: But i don't understand why ether is worth billions, it can't be used to buy anything. Bitcoin is a store of value. This is the reality, most people are the average joes that don't research. You don't have to be programmer to research and learn these things.

EDIT: Apparently segwitt is bugged aswell https://twitter.com/digitsu/status/845119600907866113

Maybe you are all right with ETH having big potential, but I am still wary of its quick ascend. As you say, it took very long time and many setbacks for bitcoin to reach $4.5 bio market cap. How can we know how much volume of those ETH buying transactions are real people running away/diversifying from BTC, and what part is just some whales' bots having algorithms synchronized with bitcoin movements pushing price up when BTC drops? there may be hundreds of millions dollars investments behind the price, but how much of it is coming from small investors?
1 coin value is actually not that important, when it comes to using them for real payments transactions. What matters is how many people can use it, and thats where ETH will lag behind probably for very long time. +There is another one small thing to consider and its the name itself. Bitcoin is like top brand in crypto world, and in some languages ethereum might not sound as cool and easy to pronounce as bitcoin.

I just cant close my eyes and buy into this, when 50+% correction or dump can be around the corner. Or it can go to 100-200 as some people say and surpass market cap of bitcoin. Well, but i have to admit, that I had also missed huge opportunity years ago, and didnt invest big into bitcoin when it was around $10. so...:D


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: mining1 on March 24, 2017, 11:27:06 PM
Maybe you are all right with ETH having big potential, but I am still wary of its quick ascend. As you say, it took very long time and many setbacks for bitcoin to reach $4.5 bio market cap. How can we know how much volume of those ETH buying transactions are real people running away/diversifying from BTC, and what part is just some whales' bots having algorithms synchronized with bitcoin movements pushing price up when BTC drops? there may be hundreds of millions dollars investments behind the price

Well, eth, constantly had/has positive news for the past 1.5 years. And i'm talking about real news, not the kind of "positive news" people were used with before ethereum. Like being mentioned on a crypto site or having a wallet. Which were actually pump&dump reasons LOL. ETH had real usage news, real projects. It started to gain attention with important news, not vaporware type of news. For the first 6-10months, 1/3 of it's volume was in fiat, and about 2/3 in bitcoin. So 2/3 of it's volume came from speculators who also speculated into bitcoin.
But, at this very moment, only about half of ethereum's volume is in bitcoin, which suggest people from outside the crypto market came and invested usd/euro/cny/krw explicitly into ethereum. If you also take into consideration that many bitcoiners are now fleeing from bitcoin into ethereum because of the internal btc civil war,  then eth/btc would probably be even lower. Which suggests soon bitcoin and ethereum will have different kind of investors.
Proof: https://www.cryptocompare.com/coins/eth/analysis/BTC

but how much of it is coming from small investors?
50% volume is fiat..which suggest 50% of the money funneled into it didn't had btc to invest. Also investing btc doesn't mean you're extremely rich, there are probably thousands of people owning between 1 and 100btc.

1 coin value is actually not that important, when it comes to using them for real payments transactions. What matters is how many people can use it, and thats where ETH will lag behind probably for very long time.

Ethereum now is used mainly for real work, real usage, and ofcourse speculation. Thing about ethereum is, it's value is backed by everything ethereum currently means: ethereum foundation, hundreds of devs working on projects, institutions, corporations, network effect, etc. When you are backed up like this, you don't have to rely on people's faith and hope they will not dump. Because ethereum has usage outside speculation and even if all speculators would give up on it, it's value would probably still stay around 5$. Bitcoin without speculation wouldnt exist, nor any other public crypto project.

Bitcoin is like top brand in crypto world, and in some languages ethereum might not sound as cool and easy to pronounce as bitcoin.

Here you are right, bitcoin is a big brand. But big brands die fast if they don't innovate and they don't have real value backing them. Nokia's  brand alone couldn't save it. Same for sony ericsson. And there are hundreds of examples.

I just cant close my eyes and buy into this, when 50+% correction or dump can be around the corner. Or it can go to 100-200 as some people say and surpass market cap of bitcoin. Well, but i have to admit, that I had also missed huge opportunity years ago, and didnt invest big into bitcoin when it was around $10. so...:D

Do you own bitcoin ? If so, these are these options:
1. You hold. You risk losing everything, and the upside is like ~1500$ this year if everything will be ok from now on.
2. You sell:
  2.1 Move into fiat, your risk will be 0, maybe just the inflation
  2.2 You can take a small risk and move into ETH. I'd say there's 25% chances for it to go to 20-25$ range with negative news and bitcoin recovery. 50% chance to go to 100$ in the next 3 months because of raiden in few weeks and  then metropolis. If you don't know what raiden is: mass scaling, no project done this so far. and 25% chances for flippening to happen, assuming everyone moves from bitcoin to ethereum.
3. Move into other cryptos, but their potential is really low since they are either bitcoin clones, or dapp platforms aiming to be ethereum.





Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: mining1 on March 24, 2017, 11:32:32 PM
Just to make it clear; it is my opinion. Bitcoin can die because if it forks and splits into 2, bitcoin unlimited and bitcoin core, it's difficulty cannot be adjusted fast to match the hashrate ( unlike ethereum ) and that would slow time block creation time several times. It already has full blocks because it has the worst scaling in crypto so far, and that would make it even worse.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: McWorse on March 24, 2017, 11:33:14 PM
You have to consider, FractalUniverse, that the market is absolutely greedy for a coin, which can be controlled. The ETF decision brought to light, that BTC will be not that one. Now look at the potential of ETH. Look at the companies, which have their hands over the ethereum project. And now think about, where the money is from, which made BTC that big in the last few month... To jump from 600 to 1400 was everything, but nothing normal.

At this moment it looks like a very hard correction of the BTC market price. And it looks like a big search for alternatives. CC will be an important thing in the future. And which coin has compatibility, which currency has the best setup for a smooth assimilation by the worldwide economic sytem?

ETH is the number one candidate by now.
And this is the reason, why its price is rising.
While BTC is deprived of its mystique.



Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: thejaytiesto on March 25, 2017, 12:18:54 AM
Ok I downloaded this one:

https://github.com/ethereum/mist/releases/download/v0.8.9/Ethereum-Wallet-win64-0-8-9.zip

I fired it and went out for a walk, when I came back a couple hour later it was near 50, I closed it to do something cause the thing was taking 2+GB of RAM, now I opened it again and im back to 0%. What the fuck?

I closed it pressing the "x" in the corner of the window.. wtf

Also how many peers should I be getting? it fluctuates around 3 to 8 ish all the time..



Edit: this is going to take forever, im still at 0%. Im waiting to reach 1% so I close it again by pressing "ethereum wallet -> "quit ethereum wallet" and see if i reopen it im still at 0% again.

Quote from: mining1 link=topic=1830455.msg18321987#msg18321987

Ethereum now is used mainly for real work, real usage, and ofcourse speculation. Thing about ethereum is, it's value is backed by everything ethereum currently means: ethereum foundation, hundreds of devs working on projects, institutions, corporations, network effect, etc. When you are backed up like this, you don't have to rely on people's faith and hope they will not dump. Because ethereum has usage outside speculation and even if all speculators would give up on it, it's value would probably still stay around 5$. Bitcoin without speculation wouldnt exist, nor any other public crypto project.




I disagree. Bitcoin would still exist because it is the leading coin in the dark web. How else people are going to buy drugs? Let's not forget that.
You may aim to other coins but they are still too niche, bitcoin network effect is too strong. Anyone wanting to get paid ransomware, drugs etc, will ask for btc.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: mining1 on March 25, 2017, 12:40:03 AM
It should continue downloading, just wait a few seconds/minutes for it to start again downloading, depending on your pc. It generally eats all the cpu so everything else will be slower.
Don't forget alphabay is introducing eth in may. Raiden should be available by then.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: thejaytiesto on March 25, 2017, 01:24:07 AM
It should continue downloading, just wait a few seconds/minutes for it to start again downloading, depending on your pc. It generally eats all the cpu so everything else will be slower.
Don't forget alphabay is introducing eth in may. Raiden should be available by then.

So get this: i was at 4%, about 1,630,000 blocks left. I close the program, open it again, and im at 0% 550,000 blocks left. This is nonsense. Wtf is going on?

Edit: So it went from 520,000 blocks left 4% or something like that back to where I left about 1,630,000 blocks left 0%, now at 1588,800 blocks left 4%... seems like the way the GUI shows remaining blocks is a bit of a mess. Anyway im not going to close it again, according to the folder im making progress, its getting filled with 2mb files. By the time im done it's going to be hundred thousands if not 1+million 2mb files in the chainstate folder... I wonder how good this is for disk fragmentation.
The bitcoin core blockchain in the chainstate folder it also has similar files of same size but my synced node has about 1000 files, this is 4% downloaded and has 2600+ files...


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: mining1 on March 25, 2017, 07:30:47 AM
Not very technical but it might have something to do with the fact that bitcoin and other cryptos aim to be more simple ? ETH has contracts/dapps deployed aswell, not just tokens moved back and forth.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: thepo1m on March 25, 2017, 08:26:49 AM
Not very technical but it might have something to do with the fact that bitcoin and other cryptos aim to be more simple ? ETH has contracts/dapps deployed aswell, not just tokens moved back and forth.
Good marketing pitch for ehtereum, but it is always better to do one thing and do it best. let Ethereum enjoy its time in sunshine, those people moving their money to Ethereum were once in Dash, Monero, Bitcoin so the cycle continues. 


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: kryptqnick on March 25, 2017, 09:51:29 AM
Sold my ETH yesterday and bought LTC and thought that I'll just let it sit for a while....but then.... learned about MLN and switched to that instead. It's a fun spring for crypto
Why did you sell ethereum? I consider this currency rather like a long-term investment since it really has its own advantages upon even bitcoin! I keep my eth but check the price every day. I think it is okay to withdraw only if it drops to $15 or so. Otherwise, if you people see the currency growing, why do they want to sell it? If you chack the price regularly you aren't likely to lose a lot anyway...
MLN is too young and unstable, I think, to be even compared with eth in terms of investment.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: mining1 on March 25, 2017, 10:56:06 AM
Not everyone is supposed to make profit so it's normal.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: thejaytiesto on March 25, 2017, 01:25:40 PM
I've spent the night sleeping on an uncomfortable sofa because I didn't want to sleep next my computer fan, and all for nothing because this thing was at 7% only. I closed it and opened it again, back to 0%. My chainstate folder is 6GB. Fuck this thing. I wanted the Bitcoin Core equivalent for Ethereum and I've only experienced frustration thus far.

Is there any safe way to store ETH any other way? by the time I get a functional Ethereum wallet going Vitalik will have gained weight.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: Shiroslullaby on March 25, 2017, 02:08:41 PM
Quote from: thepo1m link=topic=1830455.msg18325525#msg18325525
let Ethereum enjoy its time in sunshine, those people moving their money to Ethereum were once in Dash, Monero, Bitcoin so the cycle continues.  

Exactly. The time to buy ETH was a couple months ago when the price was down.  
If you want to make money right now, sell ETH, buy Bitcoin and wait until ETH dips again to buy back in.  
Rinse and repeat.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: McWorse on March 25, 2017, 03:03:08 PM
I've spent the night sleeping on an uncomfortable sofa because I didn't want to sleep next my computer fan, and all for nothing because this thing was at 7% only. I closed it and opened it again, back to 0%. My chainstate folder is 6GB. Fuck this thing. I wanted the Bitcoin Core equivalent for Ethereum and I've only experienced frustration thus far.

Is there any safe way to store ETH any other way? by the time I get a functional Ethereum wallet going Vitalik will have gained weight.

Synchronisation of my client took three and a half days. Closing the client and reopen it made the synchronisation progress report sometimes kidding for a while. Let the synchronisation run, run, run. Relax and no haste. If needed, store your computer outside your sleeping room...


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: thejaytiesto on March 25, 2017, 03:17:37 PM
I've spent the night sleeping on an uncomfortable sofa because I didn't want to sleep next my computer fan, and all for nothing because this thing was at 7% only. I closed it and opened it again, back to 0%. My chainstate folder is 6GB. Fuck this thing. I wanted the Bitcoin Core equivalent for Ethereum and I've only experienced frustration thus far.

Is there any safe way to store ETH any other way? by the time I get a functional Ethereum wallet going Vitalik will have gained weight.

Synchronisation of my client took three and a half days. Closing the client and reopen it made the synchronisation progress report sometimes kidding for a while. Let the synchronisation run, run, run. Relax and no haste. If needed, store your computer outside your sleeping room...

No haste? this was supposed to be a move to protect from BTC shitstorm, I need it to be quicker.

What about parity? i've read it syncs faster:


www.parity.io

I downloaded InstallParity.exe, but I don't know where I can verify the checksum of this file to guarantee I downloaded the real file.. am I taking crazy pills? why is it so hard to get things done right?

EDit: anyway I figured it out. Downloaded it from here:

https://github.com/paritytech/parity/releases/tag/v1.6.4

The MD5 from the parity.io website is not the same, so I would be worried if I downloaded it from that site but whatever.


Title: Re: Sooo...which one of you is selling BTC to buy ETH?
Post by: FractalUniverse on March 25, 2017, 06:56:57 PM
But, at this very moment, only about half of ethereum's volume is in bitcoin, which suggest people from outside the crypto market came and invested usd/euro/cny/krw explicitly into ethereum. If you also take into consideration that many bitcoiners are now fleeing from bitcoin into ethereum because of the internal btc civil war,  then eth/btc would probably be even lower. Which suggests soon bitcoin and ethereum will have different kind of investors.
Proof: https://www.cryptocompare.com/coins/eth/analysis/BTC

cool web, bookmarked
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Ethereum now is used mainly for real work, real usage, and ofcourse speculation. Thing about ethereum is, it's value is backed by everything ethereum currently means: ethereum foundation, hundreds of devs working on projects, institutions, corporations, network effect, etc. When you are backed up like this, you don't have to rely on people's faith and hope they will not dump. Because ethereum has usage outside speculation and even if all speculators would give up on it, it's value would probably still stay around 5$. Bitcoin without speculation wouldnt exist, nor any other public crypto project.
I will have to look deeper into it
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Do you own bitcoin ? If so, these are these options:
1. You hold. You risk losing everything, and the upside is like ~1500$ this year if everything will be ok from now on.
2. You sell:
  2.1 Move into fiat, your risk will be 0, maybe just the inflation
  2.2 You can take a small risk and move into ETH. I'd say there's 25% chances for it to go to 20-25$ range with negative news and bitcoin recovery. 50% chance to go to 100$ in the next 3 months because of raiden in few weeks and  then metropolis. If you don't know what raiden is: mass scaling, no project done this so far. and 25% chances for flippening to happen, assuming everyone moves from bitcoin to ethereum.
3. Move into other cryptos, but their potential is really low since they are either bitcoin clones, or dapp platforms aiming to be ethereum.
currently I am at point 2 more less. Hedged my bitcoins with short possition, considering 2.1 for some time,

Synchronisation of my client took three and a half days. Closing the client and reopen it made the synchronisation progress report sometimes kidding for a while. Let the synchronisation run, run, run. Relax and no haste. If needed, store your computer outside your sleeping room...
omg. its longer than it took me to download whole bitcoin chain :o