ETH price soaring. Are you going to move some BTC into ETH?

[yefi]

just two time try to buy etherum,and yesterday i'm bought at 0.023  now its going down -17.85% on polonies,mad mad mad !! 

This is approaching the bottom now imo - may have one more day of it, but that'll be it.

[1714549350]

1714549350

[1714549350]

1714549350

[BitUsher]

just two time try to buy etherum,and yesterday i'm bought at 0.023  now its going down -17.85% on polonies,mad mad mad !! 

This is approaching the bottom now imo - may have one more day of it, but that'll be it.

It will likely correct much further to 4-5 usd before either a small bull trap or dead cat bounce. I expect Eth to continue to capitulate to 2-3 dollars as we approach july. 

[yefi]

It will likely correct much further to 4-5 usd before either a small bull trap or dead cat bounce. I expect Eth to continue to capitulate to 2-3 dollars as we approach july. 

Based on what, how much you loathe it? We've had a good drop on good volume, you're asking for too much if you expect another -50% on this wave.

[Spoetnik]

You guys get bored of this circle jerk or what ?
Another day and more of the same topic spam..
So uhh.. get any real world adoption?

You guys are boring and your scam coin is gay bullshit.

PS:
Go create an account over it..

[BitUsher]

It will likely correct much further to 4-5 usd before either a small bull trap or dead cat bounce. I expect Eth to continue to capitulate to 2-3 dollars as we approach july. 

Based on what, how much you loathe it? We've had a good drop on good volume, you're asking for too much if you expect another -50% on this wave.

Part of the reason is bad timing (investors will want to at least temporarily park in BTC for the halvening), part of the reason is Ethereum is losing its luster due to people wisening up, another reason is the advent of new clones and rootstock coming on board , and another reason is the fact that a majority of the coins were created for free or purchased at much cheaper rates where many investors will be tempted to take profits when they see eth sliding. What sustains a support is not just confidence but the average of where people purchased the coins at because many don't invest to sell for a loss. In this case most of the 79 million ether was premined or sold for much cheaper which gives a strong indication that ether could potentially and is likely to drop much further.

[mtnsaa]

0.02 breached...

Pretty much an all-around bloodbath in alts today  

Yes it's all focused on ETH because it's obviously the main altcoin right now but if you take a look around all recent strong coins like MAID, FCT, DGB, SC,  XMR, etc are getting hammered even harder in some cases.

[fr4nkthetank]

All altcoins or at least a lot of them are being dumped like crazy.  today, yesterday, etc.  Any ideas ? 

[BitUsher]

All altcoins or at least a lot of them are being dumped like crazy.  today, yesterday, etc.  Any ideas ? 

The pumpers are taking profits in btc, what else is new with these testnet scams? Expect the sell off to continue as people hold for a potential btc bubble sometime this year.

[Nxtblg]

...another reason is the fact that a majority of the coins were created for free or purchased at much cheaper rates where many investors will be tempted to take profits when they see eth sliding.

That's a big reason right there. One of the interesting facets of bull markets is that they transfer assets from early-on buyers to relative-latecomer buyers. I saw this when I was watching the gold market when it was still in a bull phase. Some fellows who were prescient enough to buy at ~$300 decided to take their profits and run when it got above $600. Moreso, those early-buyers who cashed in their golden chips when gold hit $1000 in early 2008. When I belonged to a goldbug forum, I remember a guy who was a big bull & early buyer who cashed out his gold sometime on 2009. At that point, he through that gold at ~$900 was just too high to be sustainable. So, the bull market ended at ~$1900 in '11 without him. He was content to take his triple and run.

You see, everyone has a different thumbnail number for "scary high." And the interesting part is, the early bulls - because they got in cheap - usually have a low number for scary-high! So they tend to jump off the bull train, with profits in hand, long before the bull market cones to its final end. I've done this myself. 

[yefi]

Part of the reason is bad timing (investors will want to at least temporarily park in BTC for the halvening), part of the reason is Ethereum is losing its luster due to people wisening up, another reason is the advent of new clones and rootstock coming on board , and another reason is the fact that a majority of the coins were created for free or purchased at much cheaper rates where many investors will be tempted to take profits when they see eth sliding. What sustains a support is not just confidence but the average of where people purchased the coins at because many don't invest to sell for a loss. In this case most of the 79 million ether was premined or sold for much cheaper which gives a strong indication that ether could potentially and is likely to drop much further.

Your primary mistake is in thinking the relationship of those factors is a price of sub-0.01 during this wave down. It doesn't work like that.

[parmatiya]

just two time try to buy etherum,and yesterday i'm bought at 0.023  now its going down -17.85% on polonies,mad mad mad !! 

This is approaching the bottom now imo - may have one more day of it, but that'll be it.

It will likely correct much further to 4-5 usd before either a small bull trap or dead cat bounce. I expect Eth to continue to capitulate to 2-3 dollars as we approach july. 

If it correct to $4-5, I will buy a lot. That is the cost of my mining. I am mining to get Ethereum at the moment.

[cryptoboy.architect]

If it correct to $4-5, I will buy a lot. That is the cost of my mining. I am mining to get Ethereum at the moment.

Did you include cost of your equipment and its depreciation/failures?

[BitUsher]

Your primary mistake is in thinking the relationship of those factors is a price of sub-0.01 during this wave down. It doesn't work like that.

I'm being very generous as it can be a lot worse(A majority was premined and invested for far less. Keep in mind that the IPO price was 0.30 per eth so it can easily find a much , much lower support.

 The reason I am being so kind to ethereum in my estimates is because the Ethereum foundation now has a bit of room for more pumping due to a few sell offs and they are unlikely to dump their remaining premined eth all at once. There is still plenty of Hopium left in Eth but there will be capitulation.

If it correct to $4-5, I will buy a lot. That is the cost of my mining. I am mining to get Ethereum at the moment.

You don't make any sense , mining difficulty is dynamic and the price to mint can go down as well.

If it correct to $4-5, I will buy a lot. That is the cost of my mining. I am mining to get Ethereum at the moment.

Did you include cost of your equipment and its depreciation/failures?

Excellent question, and by those numbers he likely didn't. It is really easy to burn up a gpu by overworking it.

[yefi]

I'm being very generous as it can be a lot worse(A majority was premined and invested for far less. Keep in mind that the IPO price was 0.30 per eth so it can easily find a much , much lower support.

 The reason I am being so kind to ethereum in my estimates is because the Ethereum foundation now has a bit of room for more pumping due to a few sell offs and they are unlikely to dump their remaining premined eth all at once. There is still plenty of Hopium left in Eth but there will be capitulation.

Well, I can assure you that my numbers are not corrupted by generosity, kindliness, or any other foible. Your analysis of the actors in this arena is also missing a very important piece of information, which is the market itself. I take from this that you are no trader.

[2015Bubble]

just two time try to buy etherum,and yesterday i'm bought at 0.023  now its going down -17.85% on polonies,mad mad mad !! 

This is approaching the bottom now imo - may have one more day of it, but that'll be it.

It will likely correct much further to 4-5 usd before either a small bull trap or dead cat bounce. I expect Eth to continue to capitulate to 2-3 dollars as we approach july. 

That is the cost of my mining. I am mining to get DUMP Ethereum at the moment.

Ran out of greater fools?

[zakariabekkari]

BTC

Maybe moving some % of BTC into ETH is a good diversification strategy, while it's cheap?

[marcus_of_augustus]

got rootstocked?

[Kenta]

Where can I read up about Ethereum?
It covers more than 75% of the volume traded on Bleutrade these days and I'd like to know why.

[Rune]

Ethereum looks like it is taking a pretty big dip now might be a good time to buy. or not

[gtglener]

just two time try to buy etherum,and yesterday i'm bought at 0.023  now its going down -17.85% on polonies,mad mad mad !! 

This is approaching the bottom now imo - may have one more day of it, but that'll be it.

It will likely correct much further to 4-5 usd before either a small bull trap or dead cat bounce. I expect Eth to continue to capitulate to 2-3 dollars as we approach july. 

If it correct to $4-5, I will buy a lot. That is the cost of my mining. I am mining to get Ethereum at the moment.

Sam here I have a hope that the price of altcoin will go up, But currently I am not going to convert my earned bitcoin to ethereum, and I am try to start mining that.