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2341  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 17, 2016, 11:04:35 PM
My outlook has changed since my last post, lol. Now I am thinking we might even go under .007 and see some of his fellow agents, perhaps .006 or even .005. If this happens I can get into my 1500 position from my earlier sale, which I would be happy with at this point. Then it is simply a matter of waiting until the PoS phase to see if Eth ever amounts to anything.

Don't think we'll go under the consolidation area in the .006 range personally. At least not with this leg down. At times like these it always looks like it's going to fall off a cliff, but panic buying is just around the corner.
2342  Alternate cryptocurrencies / Altcoin Discussion / Re: Is current monero's rise legit or just a pump and dump thing? on: February 17, 2016, 10:35:42 PM
I don't think privacy is something to be celebrated in terms of currency, that's why you see so many scammers and hacks in Bitcoin. Exchanges keep running away with their money, etc. Privacy is a delicate issue and 100% is something utopic, you may feel that you don't like being filmed in public spaces but you just have to put up with it, no other way around it. With money it's different, business must be regulated and we as civilians living under government still need to play under certain rules. I'm all for financial sensible information not leaking out if you don't want to, but if every transaction can't be traced then you are giving criminals a great tool. Decentralized and P2P currency is great, completely anonymous not so sure...

The filming, facial recognition, location tracking, behavioural analysis. In the future, our cities will buzz with drones that will police the streets. Let's hope whoever possess the private keys to the machines chooses to use them wisely, and not throw the switch that turns their dissenters into criminals.

People throw away their privacy and hand it to centralized systems in the faint belief that democracy will prevail. What will actually prevail, I fear, is the force within us humans that has prevailed for millennia...
2343  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 17, 2016, 09:24:19 PM
Tut, tut, tut. Very disappointed in you bulls. Grin
2344  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 17, 2016, 05:17:32 PM
Even if it took a bad hit, I think that it will get out from the 0,009BTC zone and pass the really important 0,01BTC cap before the 3 next days Wink !

Yes, I fancy my probabilities here. Be careful not to confuse me for a bull though - the rebound is to be sold imho.
2345  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 17, 2016, 11:57:01 AM
Yep, I could see the writing on the wall yesterday after it dropped down to 0.0125. I took advantage of the later pump to 0.0135 and once I saw it hesitate again on the rise, I sold off all my remaining ETH except for a small handful.

Today I had some buy orders set for just under 0.01 that filled, but I will wait until the price is lower to replace the vast majority I sold.

Hoping to see .008 or even .007 again, so I can double my ETH holdings from where I was, but on the flip side if it goes down too low it might have a hard time recovering. I am still a bit away from my 1,500 ETH long-term holding goal, but this correction is helping me get there sooner. So I am long term bullish on ETH, short term bearish. Smiley

Think this move down from .0145 has run its course tbh.
2346  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum Paradox on: February 16, 2016, 11:24:51 PM
is Vitalik an order of magnitude smarter than Satoshi?


no, but his balls are an order of magnitude bigger

when you are thinking about dropping a million dollars of your hard earned cash into a crypto community, knowing that the lead developer has the huevos to show himself in public and stand behind his creation instead of hiding like a coward or criminal offers the potential investor a certain level of clarity that is devilishly absent from the bitcoin community.

I suppose that also makes Mark Twain a coward and like a criminal then.
2347  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 15, 2016, 02:35:41 AM
Wow! You're full of useful links buddy ^^

That's cool. Even though I got no idea of how you make the equivalent byte/ satoshi (I mean how many bytes does my transaction take depending of the number of bitcoins i send) but it gives you a raw estimation nonetheless! Thanks!

I don't know how it is with other clients, but Core already makes this heuristic calculation for you, with a slider to increase the fee for improved block priority.

Also, Core 0.12 will introduce Opt-in RBF, which, if it becomes established, will allow you to bump the fee on an unconfirmed transaction.
2348  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2016, 01:40:19 AM
chinese are pushing for 2MB HF, core already hinted compromise. spoken word is HF in early 2017 with several other HF implementations as well.

I didn't know that the Chinese were pushing for anything. A 1MB increase certainly wouldn't be unwelcome in any case.
2349  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2016, 12:47:25 AM
Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

The Chinese will stick with Core, they are quite conservative with respect to leadership. I'd be surprised to see Core implement 2MB blocks in addition to segregated witness, but we'll see.

And so long, farewell, auf wiedersehen 300s!
2350  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 13, 2016, 02:39:56 PM
It was at the peak roughly 0.0165 BTC and now it is below 0.0125. That is roughly a 25% decline already.

Peak was .0178 and current low is .0106, that's a 40% drop. A bounce is probably likely around here, but cuts this deep usually mark the popping of the bubble. All the moon believers will probably now experience months of frustration, fear and disgust...
2351  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 13, 2016, 01:21:34 AM
I agree with this that regular corrections on the way up are healthy, but it would need to stay above the 0.01 range, preferably sideways 0.012-0.018 range for a week or two to change my previous outlook. These quick drops and then right back on the moon express still indicate a bubble in the making and too much manipulation going on.

A healthy rise is going to inevitably include profit taking while holding support levels for longer stretches of time are the only indicator of true support. The higher ETH goes the longer these periods will need to be for people to really have confidence. If it is still holding up here by the time March gets here, I might start to change my thinking, but until then its still in bubble territory for me.

Indeed. if you're going to invest - be patient. A simple principle which surprisingly few can follow.

ether is for huffing and farting ... who in their right mind is going to 'invest' in something called "ether" virtual currency??

I hear if you douse a rag with it you can get women.
2352  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 12, 2016, 06:46:39 PM
It's actually healthy but not for the faint of heart that price is correcting a little bit, an hyberbole to $10 in two days would be great but it's not real in any way or form. I think the floors have to establish a little more, I can see even going 90-95 but I don't think this is a pump, there's genuine interest in ETH and the potential is real, everybody wants to get it cheap, FOMO. Now, I do understand that placing huge money here it's very high risk though, I for one could not stomach that level of anxiety.

Percentage-wise, recovery from here is actually possible. The retraces on Bitcoin's bubble to 260 were similar in magnitude, such as the retrace to 52.34 on 23rd March, from a peak of 74.9 two days earlier (-30.1%). For reference, the current drop is -25.7%.

New users to Polo is also increasing as fast if not faster than ever - approximately 1000 since yesterday (which is more than the day previously). As long as fresh meat floods in to refill the ranks of this Zulu-like army, the battle can continue.

On the negative side, the orderbook has been hit and volume from the last push was only marginally higher.
2353  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 12, 2016, 11:49:11 AM
I think it's not only whales playing.
Can't believe they would be able to produce a 35 mil (more than 50% of BTC) volume.
Lot's of money is entering the market. There's more then only whales playing en newbs buying in with small money.

Litecoin pump had more volume: https://web.archive.org/web/20150709232122/http://coinmarketcap.com/

Buying from yourself over and over again doesn't require 35 mil in order to produce 35 mil in volume.

That's the Chinese exchanges with 0% fees - where ETH isn't listed. Becomes quite expensive tactic when paying fees, which you'd have to do on Polo or Kraken  Wink
2354  Economy / Speculation / Re: Returning to gold standard? on: February 12, 2016, 11:41:29 AM
The next real, game changing currency will be one based on energy, I believe.  When battery technology improves so that several MWh worth of energy can be stored in a small cell, you'll see people exchange those instead of traditional currencies.

Sounds like an explosive idea.
2355  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 11, 2016, 11:21:40 PM
Yep, I do wonder about people who do that, especially on Polo (!).

Polo has margin lending at rates that I've never seen anywhere else.

.15% daily on BTC = 54% annualized interest. Those guys are making bank fueling the crazed ETH margin traders.

If you want crazy, look no further than EXP. Totally sustainable rise Cheesy

Btw, Polo is freezing up like a bitch for me. Never a great omen.
2356  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 11, 2016, 05:22:00 PM
I bought the ICO which paid off great. It's one of the only ones I have ever bought. Something about it seemed great. ETH is pretty expensive now. even if it goes to 1 billion you're only making 400% profit and such a huge gamble.

I like BTC also so I'm keeping it.

What's I'm doing is moving my USD into $EXP. It looks to be a top quality clone of Ethereum. If it could even get to 1% of what Ethereum is then that would be a MASSIVE profit! I think the odds EXP get's popular are pretty high so definitely that's what I'm buying right now. With Ethereum going PoS I think that makes it even easier for EXP to be really secure and useful.

EXP is on Poloniex and bittrex.

I have ETH & BTC already so now I want EXP.

Made some profitable moves there  Shocked
2357  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 10, 2016, 08:30:27 PM
when I tried to withdraw ~5 bitcoins the TX showed up as FAIL and I only got the coins several hours later after submitting a support request ticket. While this in itself is not a grave error it indicates poor business practices and shows lack of professionalism. Combine the latter with the fact that the exchange has a lot of attention due to the ETH bubble and has 5000 BTC in buy orders visible to everyone, it has suddenly become an exchange of the highest hack risk.

Duly noted. Never happy to hear of transactions failing. One thing I noticed also with the BTC deposits is that you can't generate a new address, which is a pretty bad security practice.
2358  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 10, 2016, 08:00:55 PM
As for the ETH bubble, it seems to be popping now. Damn that poloniex did get a lot of profit from the volume. There are too many coins in that faulty exchange right now, it gets too much attention due to the ether bubble. I have some coins in poloniex and I am selling them all right now for BTC and withdrawing everything from polo because poloniex may get hacked soon. It has been hacked before and history tells us that hacks have a larger potential to happen when some of the coins on the exchange is skyrocketing. The impending hack itself may cause the eth bubble to burst.

What causes you to say Polly is faulty? I've noticed problems with the orderbook refreshing with this large volume and have had the occasional transaction failed message when placing an order, but not much else.
2359  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 10, 2016, 01:02:47 PM
And I used to recall (joined Jan 2014...) doomsday comments when bitcoin was $3, and no one ever imagined it would shoot up to $1200+, let alone $40.  I think I've been around cryptocurrency long enough to realize that nothing is impossible, and anything can happen.  That said, no one should put in what they can't afford to lose - that's common sense.  

First and foremost, ETH is not a currency/coin, it's technologically different and fixes many of the issues bitcoin has.  It's not trying to be another bitcoin or a better bitcoin, it's an apples to oranges comparison.  Also, the value of Bitcoin is not dictated by supply.  If that were the case, bitcoin should not have stopped at $1200.  If the claims about supply dictating price are valid, then why has the halving had literally no effect on the current price of BTC?  Even if it is 'baked into' the current value, it's only decreased.  There are far too many ways I could explain how bitcoin quantity has absolutely no bearing on the price.  

The point is, to say that ETH should not be so highly valued due to its supply is baseless.  Let's examine another asset, gold.  The world has not yet mined all the natural resource supply of gold and other precious metals, yet their values rise and fall in relation to the relative rise and fall of markets and other currencies, not due to supply.  Have you ever heard the news report that the value of gold increased because scientists have predicted the supply is running out?  Or that some big whale just flooded the market with gold so the increased supply made the price go down?  LOL.

Gold is valuable because of its use in electronics and metal properties, and therefore, I see ETH similarly valuable because it can become the foundation for decentralized applications of the future.  Essentially ethereum is the gold of the future Internet.    

One caveat to ethereum's rise is that it can be copied, and one other potential copy on the horizon is called rootstock, which will have a crowd sale in the next few months, though ETH has a headstart much like BTC has a headstart on the other 1.0 chains and currencies.  

I should note that I'm really saddened to see so many people criticize ethereum without understanding what it even is.  So many people saying it's a "blah blah coin" are making themselves look like idiots because it's not even a coin at all.  It's like comparing a car with an electric motor, bitcoin being the car and ethereum being the electric motor.  

This is just the beginning.  And those who support ethereum now will be the new elite.  Good luck with your close-minded naysaying, it sounds all too familiar.


Most of this is a strawman argument, as I haven't mentioned anything here about supply or that Ethereum doesn't have potential, or that it won't go higher in time. But why don't you write me another wall of text expounding on my "close-minded naysaying" Tongue
2360  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 10, 2016, 05:26:11 AM
This is the game of the whales, but this is exactly what happened with Bitcoin, it was a joke until it wasn't. I wasn't around at that time but I'm sure the comments on its way up must've been hilarious. Ethereum is not another Bitcoin clone, I don't understand much about it but no one can't deny it is completely unpredictable in its potential and that's one of the best features an investment like this could have.

Now, for getting rich, that's another history, one would really need to put in at least 10k at around 600 and wish for it to hit 10-$20 or something like that really, I don't know how much could sustain that kind of pressure.

I seem to recall comments just like these, that Bitcoin would go up to $10,000. Sometimes, you need to know when you've had enough of a good thing.
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