cool Abiky
--------
meanwhile in cryptoland "Changed my mind: Litecoin is, indeed, DEAD. Sold my last 10,000 LTC"
$ETH, Mo, and LTC dead again!
50% of my BTC just went in to Ethereum two days ago. Was seriously thinking about it when they were $3
Its passed the $10 obstacle. Fingers crossed, I also find BTC a rather boring coin.
This is very poor investment decision.
Your timing is way off.
High chance for huge losses when buying after it went up parabolic x20
Please watch my video 'Nxt Dooms - Ethereum Booms - Bitcoin 2.0 Glooms'
https://www.youtube.com/watch?v=pfaRwjlT0ngAlso google the 'law of reversion to the mean'.
Read a little about history of NXT, while jumping ship to ETH as a store of value. Compare the following two graphs...
a.
http://coinmarketcap.com/currencies/ethereum/#chartsb.
http://coinmarketcap.com/currencies/nxt/#chartsCompare the following facts...
i. NXT was backed by a centralized organization, just like ETH.
ii. NXT was PoS, just like ETH will ultimately be.
iii. NXT offered asset exchange, while ETH offers smart contract. Both of these functionality, which they claim to make them unique, are actually possible on bitcoin blockchain, which is far more secure.
iv. With price rise, NXT backers sold their holding to increase liquidity in the market. With price rise, ETH backers are increasing ETH supply in the market to increase liquidity in the market.
p.s. Alt coin trading is a gambling. If u wanna test your luck on some coin under pump, its fine. But, make sure to come back to BTC, when u have made enough, otherwise u'll lose all and have to be a mute spectator while the next alt wave hits. GooD Luck
Those who have followed me over the years know that I have made some prescient predictions such as the Bitcoin crash from $1000, even the collapse to $150, and even the precise timing and $320 top of the bounce before the current one. In addition the following silver prediction I made:
http://www.marketoracle.co.uk/Article23786.htmlI have also stated that I thought that when gold crashes below $1000 (and likely below $850) this year, then Bitcoin would also likely get caught up in the contagion and sell off to below $150 perhaps back to double-digits. I had explained my reasoning in the past and the current indicators are:
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/precious-metals-march-4th-2016/https://www.armstrongeconomics.com/international-news/europes-current-economy/the-eu-going-quietly-into-the-light/https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/moodys-warns-of-30-rise-in-commodity-based-company-bankruptcies-in-2016/https://www.armstrongeconomics.com/international-news/east_asia/moodys-lowers-credit-rating-of-china-to-negative-from-stable/It is not certain that gold will elect the March 13/14 turning point to begin its collapse to the final bottom of the correction that began 2011. And it is not certain that crypto-currencies will follow.
But the level of irrational pumping of altcoins tells me that we are very near to a 2013 top in crypto-currencies. The irrational speculation is off the charts again and not based in any sense of reality just as was the case for those arguing for Bitcoin to go to $1 million per BTC back in 2013. For example, Ethereum has 0 users, 0 working, scaled apps, no consensus algorithm after $18 million expended. Yet the market cap is heading towards $1 billion.
I am sniffing a big collapse in the making. Not sure if it is this March or later in the summer, but I am warning you.
Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar.
You will need some dry powder to buy when there is blood in the streets.
You've been warned.
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.
OP is already underwater on ETH while the LTC price in terms of BTC is sitting on the low-low. Ain't hard to see where the upside is on these trades atm. On one hand, I feel bad for the newcomers that are gonna be slaughtered on ETH as this bubble deflates. OTOH, caveat emptor and take your profits when you get them in these altcoins and add to your BTC stash.
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