Keep telling yourself that on the way down to 500 and below.

That just speaks about how overvalued some of these projects are really, all based on speculation and no real world usage whatsoever. It's mostly due to regulations but also because of usability and user experience. We need the mainstream folks and regular people to not even notice they are using a crypto related project. If not, only geeks and crypto nerds will use it and that's how most money is made in this industry for the past 5 years, gambling and exchange sites...

I'm not liking the low volume compared to previous days so I've sold again a part of my stack. I don't think the price would correct that further as I previously envisioned but I think there's a real chance it will settle below $40 acting as resistance, seems to have a lot of trouble staying on top of it for now and it seems only based on the BTC/ETH pair.

I think BTC will eventually trend down (even with good news about the fork) and it will drag ETH with it at least temporarily.

Definitely, I've done some margin trading in the past in crypto and it's not worth the stress. The market is completely unpredictable at times, downright illogical since there's too much manipulation. Unless you have first source insider information there's definitely something to avoid. I think you should also be a very novice trader that can't take minor loses. Especially shorting like you said, it's something very hard to do (I've always lost money shorting, luckily I close them as soon as the trade wasn't going my direction).

And I'm not even a trader per se, more of an investor who sometimes see some opportunities based on sentiment alone. I really don't care for technical analysis especially in terms of crypto

It's not that hard to understand man, Entry Credits are pulled straight from Factoids AFAIK, they are not created from thin air. If there's enough demand for them this will burn a lot of the supply. So it depends on how succesful Factom will be, and the same applies with buying company shares. If there's not enough clients or interest both Factom price and company shares will plummet.

Again, I can really use ETH markets right now, I don't hold any BTC whatsoever at the moment and I won't be buying any anytime soon after all this uncertainty passes. So in terms of deposits/withdrawals for Lykke we are a little cornered right now. I don't mind using ETH or XRP for fast transactions and then convert to fiat or lkk inside the app but I just don't trust Bitcoin right now with all the delays and volatility, you can lose a lot of money just waiting for it to confirm.

It's incredible they've come to this situation, this should be a very humbling lesson for many.

I've bought back some at $40.5, doing well right now, this seemed to be a healthy correction mixed with market uncertainty with all the BTC panic going on. Let's see what happens during the week, I'm confident the uptrend can continue but not so steep like before unless a real flippening happen.

What about that DASH though...crazy, did you guys read about the guy who shorted himself to poverty on Reddit?

https://www.reddit.com/r/ethtrader/comments/606fz4/my_final_margin_call/

Thanks yefi, call it luck though, it could have gone either way with Bitcoin falling ETH could have risen to $100 who knows. But in my experience when there's this kind of uncertainty in the markets all crypto suffer. Bitcoin is definitely sick and this just shows how delusional some people are, I still can't believe it's over $1k.

Not sure when to buy some back in honestly, it would be great to buy around $25 like I said but maybe I'm getting too greedy, let's see what happens with BTC.

Just sold to fiat more than 50% of my ETH, it was just too much already (and it could be hard to lose that kind of money for me). Sold at this last spike to 0.0416 and inmediately went into fiat.

I think with BTC fork looming, the crypto markets could suffer temporarily, at least in terms of fiat. I'll set some low buys at the "long" trendline around $25-30, seems impossible right now but oh well, I still have a lot

Of course man, it's a wallet provider what do you expect? Of course you need to trust any wallet provider with your sensitive information (most of course maintain that the information never leaves your machine or web browser). They are very honest and hardworking people, you have their online profiles, photos and you can even call them on the phone if you need support!

They are also funded by VC so I wouldn't worry about any dishonesty here.

I honestly don't think in BTC​ price terms anymore since I'm completely out of it for the moment. I may buy again when the situation clarifies but the price will most likely be below 1k and then some. I bought some Factom last week and like most top alts it has been performing great both in fiat and btc pairs.

As for Ethereum, Metropolis is coming in June, I don't think this kind of daily appreciation rate is sustainable however as you said, this can go very high, more than $100 in the next weeks or month without a doubt, there's no reason to think otherwise unless something unexpected happens, fundamentals are there and I'm sure there is plenty of institutional money.

Volume and buy support is through the roof, I'm not selling a single Ether yet and it will be very hard to do when the time comes.

It's definitely scary to do that right now, I had the option to pick up some more ETH early today when BTC was still above $1200 but decided for a more stable investment (basically turned it to fiat). It's called taking profits from Bitcoin too, this was another peak and I doubt we'll see it again in the next months.

I hope Bitcoin get it together eventually (honestly I don't know how for the reasons I mentioned many times in this thread). You used the word complacency and that's exactly what happened in Bitcoin lately. Today I've read that Google was the 21 search engine in history. The self fulfilling prophecy that Bitcoin is Myspace can become a reality if this trend continues.

There's not much to be excited, for me this was one of the worst investments I did in 2016 but it was not that bad either in terms of fiat at least. Sometimes you win, sometimes you lose. I'm also grateful that I couldn't sell since I'm not able to access my antshares due to being on a mac, so I'm confident the project will grow from here.

I mention this because of the current Ethereum rally and how enterprise and even government friendly it is. China is a very different country and I'm not sure if they will be adopting Ethereum anytime soon due to translation and culture differences. I just don't see Ethereum focused on China. However Antshares is a local project and it's very similar in many terms to Ethereum, this could be the key. I know Qtum crowdsale is starting and also wants to take this market, but honestly it gives me even less confidence than Antshares.

Let's see what they have for us for 2017, if we are still here after all this then there's no point in selling now.

I think your explanation is correct although I still have some doubts maybe tempus can shred some light on this. Here's a very good article explaining how Lykke system works although an ELI5 would be awesome for many of us  

https://medium.com/@pullnews/the-lykke-platform-9bc2b7785da2#.mvjw3q6lq

If everything goes according to plan I think Lykke has the potential to become a unicorn in the next 1-2 years (that's 1 billion market cap). In this case the marketcap will make more sense since we are holding actual shares and equity of the company with our LKK coins.

I believe they are at the right location and at the right time for this to happen. One should invest in ideas yes but most importantly, people. I invested in Ethereum because even if it's a risky experimental technology you can see there are some very smart young people working or eager to work on it.

Lykke has a great team with a vision, and a proven leader with experience in this feel. And we can already experience the quality of their products so to me this is one of the less risky investments in crypto right now.

Agreed, there's plenty of projects that honestly don't deserve the marketcap they have, Augur for example is definitely overpriced even taking into consideration the "dividends" you get from reporting. Others like Maid with zero traction in the real world and 10 years of promise with nothing more than a couple of screenshots have obscene marketcaps. I know for Factom the tokens don't represent a share in the company (this would put Factom market cap well above 100 million) but just comparing tokens it's incredible undervalued still.

What's worse is the clear dependence on BTC price, I sold Factom some months ago just to get back when I saw the price per Factom was around $2.6-8 which is completely ridiculous. BTC can fluctuate of course, but having the fiat value dropping that low is blaffing.

Just with 1k you can hold a decent % of all Factoids...

I'm always bearish on Bitcoin, almost since I got interested in crypto, I recognize the amazing tech and how it can have an impact in the world but I've always considered there's a big problem with governance. To me decentralization is fine for certain issues but not for everything. Theres a need to for leadership and decision making. With that being said I recognize Bitcoin fans and speculators are very stubborn and almost always bullish. As Bitcoin is the main entrance to this world, I always hold some so I've also made money during these rallies. I also remember to take profit into fiat and invest in more established investments, something many Bitcoin hard believers don't even question.

I agree with you that we sort of hit a peak, I'm watching closely in case I need to make a move fast but I think we'll be in a consolidation area for a week or so around $25-30, perhaps with some dips lower.

I don't know what Bitcoin is gonna do next, to me like I said it's deeply overvalued for its current present situation but we'll see.

Factom will definitely have a time to rise in the near future especially if it gets some commitment from clients and not just funding and investments. This is what happened with Ethereum basically, it entered a bear trend for so long (even if fundamentals and innovation potential were there) there was no "real" dapp or working project yet and traders/investors get anxious. Yes JP Morgan was working on Quorum and Microsoft/Santander sponsored some conferences but that was it.

Now that that Ethereum Alliance and the interest to use the technology is for real (to the point Hyperledger was abandoned) we see a proper valuation.

For Factom I feel it's the same way, many feel it's a great project with a lot of potential but the value just don't seem to price it in just yet. We are already at M2 and I personally expected the price to be well above $5 already considering other project marketcaps (Maid, Augur, NEM, seriously?) and it's not. Eventually the market will realize it as it did with Ethereum.

Mic drop. 

I know this is a Lykke thread but being "the future of markets" and a exchange it's hard not to talk about the whole industry and trading news.

Dash seems to be in a huge bubble, what it tells me is that POS coins will be huge eventually and I can only begin to imagine the hype when Ethereum announces POS, this Dash rally will look silly.

I "sold" some more Bitcoin for LKK and Factom in particular since it's a buy at these prices in my opinion. To me Bitcoin as I said earlier is entering a time of crisis and a downtrend could start anytime even if it appears solid right now.