im supporting orbitcoin [ORB], so it doesn't die  I guess Im being a bit nostalgic |
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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 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$. Bitcoin without speculation wouldnt exist, nor any other public crypto project.
I will have to look deeper into it Do you own bitcoin ? If so, these are these options:
1. You hold. You risk losing everything, and the upside is like ~1500$ 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  |
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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/845119600907866113Maybe 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... |
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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. |
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i had about 8 , and of course i sold only slightly higher - there wasnt much movement at that time. But i lost almost everything later anyway, due to hacks and scams..
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We have time for it. We need to fix this fork issues before on 1400 road. and either Chinese's exchanges uncertainty
Everything can depend on the way the bitcoin is, right now many people are concerned about this hard for. This makes people stop buying the bitcoin, (like ETH has hard-forked to ETC) many experts are saying it is not possible with bitcoin. Agreed. Fork is a drag on price and will be for months to come. All this uncertainty around it |
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i have also bought at 14 today.. seems like a good support to me
Sorry for bumping up this old thread, but i found it lost in my unread replied list.. I am shocked I had actually bought bitcoins at $14 and im not rich now |
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more like a healthy pump Why people keep saying that ETH is a pump? Is that only because IBM and Microsoft accept it? I think that even if $40 is not the real price (built purely on demand and offer) ethereum is still a good coin worth supporting. I invested in it when the price was $16 (I guess I got lucky) and I'm expecting it to be around $200 in a few month. So yer, perhaps even now is still a good time to invest in it, although the price has already grown. so perhaps we can call it a bubble or manipulated to have price based on some illusion, set by someone somewhere? I'll keep trading it short, even if it goes to $1000. people who are buying it to hold are mostly doing so because of marketing and social engineering on forums and social networks. I have no use for it, to me its only just another instrument for leveraged trading. |
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Ethereum is a giant rat trap.
yeah, but there are still people who think its soo awesome  Im not getting this hype |
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Pumpereum as bitcoin successor?  to be honest, i have never used for payment transactions other crypto than BTC, and several times also doge, but doge is nearly dead now. Litecoin used to be called silver to bitcoin gold... and look at it now. |
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more like a healthy pump |
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Source: I work at a very big asset management firm  i see, more sheep buyers are needed now, thats understandable. good luck Just because you work in AM doesn't mean you invest like sheeps? It provides you with the tools to conduct market analysis and use it how you please yeah, yea, but registering today,just to tell us in your first 2 posts how you made $100 000 out of $1000 during last 3 years trading altcoins seems somewhat odd. At least you didnt forget to tell us secret trading insider tip, how awesome ETH is, going to go the Moon soon sure. of course |
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Source: I work at a very big asset management firm i see, more sheep buyers are needed now, thats understandable. good luck |
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imo. of course its bubble. just another pump where the dump phase is just only beginning  |
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of course its good.actualy more than just good they are in fact the same core bitcoin instrument, only the second one is 250 dollars cheaper now. free money on the table  current prices at bitfinex - looks like BCC and BCU are overvalued as they add up to more than actual BTC price. but as soon as there will be margin trading available for them they will probably get closer to reality. or bcu price drops even more, will be interesting.
BTC/USD: 999
BCC/USD: 718
BCU/USD: 294
edit> actualy i got cool trade idea now:) selling short BTCUSD and buying BCCUSD could be safe trade. I have to think it through.
oh yeah its good idea dude |
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current prices at bitfinex - looks like BCC and BCU are overvalued as they add up to more than actual BTC price. but as soon as there will be margin trading available for them they will probably get closer to reality. or bcu price drops even more, will be interesting.
BTC/USD: 999
BCC/USD: 718
BCU/USD: 294
edit> actualy i got cool trade idea now:) selling short BTCUSD and buying BCCUSD could be safe trade. I have to think it through.
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wiss: i use bitfinex for these, but im sure there are other exchanges
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or both bitcoins will be the losers..
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Sounds reasonable. Bitcoin fall and ETC rise could be correlated. Now we have huge pressure on ETH longterm holders. Most of them don't want to sell it.
litecoin used to be like this there are also long term holders .. |
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ETH is flying ... ... back to the ground |
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