hdbuck
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February 12, 2016, 11:16:53 PM |
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I personally will only buy now after a very large drop. I'm not selling anymore, there's no point at these prices. There are many trying to accumulate 1500 ETH to stake, I think many of those are major companies and financial institutions or just serious investors. 72M Ethers is really nothing if the platform gets adopted by only one major company or institution which I think there's a high chance to happen this year or the next, this is a long game.
how would a company "adopting" ether bring more value to the tokens? seriously. Tokens are actually needed not like Bitcoin, what are you talking about? You are telling me that if major corporations NEED Ether fuel to run their apps and platforms the price would not be crazy high? Get real. I understand if you think Ethereum is just hype and will never be adopted (like it happened to Bitcoin, before it got known as the terrorists/hackers/scammers coin it had a shot because of its blockchain I guess) you understand the notions of intrinsic value and sound money? are WoW tokens valuable? Major corporation blizzard behind it and mass nerd adoption!  so again, wtf do we care about appcointm.  |
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Za1n
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February 13, 2016, 12:19:40 AM |
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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.
Anyway a pump is what you saw yesterday with EXP, more than 3000% in a few hours...now that's what this community is used too so they think ETH is another scam coin just like that.
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. |
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mtnsaa
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February 13, 2016, 12:58:15 AM |
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I personally will only buy now after a very large drop. I'm not selling anymore, there's no point at these prices. There are many trying to accumulate 1500 ETH to stake, I think many of those are major companies and financial institutions or just serious investors. 72M Ethers is really nothing if the platform gets adopted by only one major company or institution which I think there's a high chance to happen this year or the next, this is a long game.
how would a company "adopting" ether bring more value to the tokens? seriously. Tokens are actually needed not like Bitcoin, what are you talking about? You are telling me that if major corporations NEED Ether fuel to run their apps and platforms the price would not be crazy high? Get real. I understand if you think Ethereum is just hype and will never be adopted (like it happened to Bitcoin, before it got known as the terrorists/hackers/scammers coin it had a shot because of its blockchain I guess) you understand the notions of intrinsic value and sound money? are WoW tokens valuable? Major corporation blizzard behind it and mass nerd adoption! so again, wtf do we care about appcointm. Are you for real? I don't know much about WoW tokens but I'm guessing they are centralized like apps purchases, so they are owned by Blizzard and they do whatever they want with them. Ok I'm not falling for your trolling anymore, bye. |
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marcus_of_augustus
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Eadem mutata resurgo
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February 13, 2016, 01:10:36 AM |
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ether is for huffing and farting ... who in their right mind is going to 'invest' in something called "ether" virtual currency??
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yefi
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February 13, 2016, 01:21:34 AM |
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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. |
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LEONPATTON
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February 13, 2016, 03:02:31 AM |
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, there's genuine interest in ETH and the potential is real, everybody wants to get it cheap
THIS |
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marcus_of_augustus
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Eadem mutata resurgo
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February 13, 2016, 04:33:43 AM |
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, there's genuine interest in ETH and the potential is real, everybody wants to get it cheap
THIS srry ... time to rotate into btc |
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TPTB_need_war
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February 13, 2016, 04:43:03 AM |
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A dog will fuck anything, even a tree stump.
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dumada
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February 13, 2016, 01:49:37 PM |
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The Ethereum price has dropped 12% over the last 24 hours. The volume is also quite big. Will the pump end soon?
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TPTB_need_war
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February 13, 2016, 01:56:17 PM |
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The Ethereum price has dropped 12% over the last 24 hours. The volume is also quite big. Will the pump end soon?
Huh It was at the peak roughly 0.0165 BTC and now it is below 0.0125. That is roughly a 25% decline already. I think it is REKTED and going to $0. |
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yefi
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February 13, 2016, 02:39:56 PM |
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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... |
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BlindMayorBitcorn
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February 13, 2016, 02:49:59 PM |
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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... They can join the club.  |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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mtnsaa
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February 13, 2016, 04:57:52 PM
Last edit: February 13, 2016, 08:18:17 PM by mtnsaa |
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I think the "bubble" started to happen after 0.01, the growth was too damn fast and it's just correcting, if you ask me it's holding quite nicely at 1.20-1.25. It tried to push 0.02 but it didn't have enough momentum to do it. Now if you are shorting ETH, you may have got rekd right there if you bought at 160-170. But for long term accumulation I think anything around 0.01 is perfectly fine. You talk as if Bitcoin didn't have wild swings, lol, it's the king of those. By the way, BTC is on the rise so that must have affect the price drop too.
There's also the possibility that this is a complete bubble and ETH doesn't do anything, that's fine of course. I'm not an ETH fanboy as I said before, I don't really care about the project itself, but I can see the potential. Buying at these prices is ridiculous low in the long term of things, is like discussing if it should be fine to buy Bitcoin at $30-40, yes it was a $3-4 once, but $30-40 in the grand scheme of things is absolutely nothing.
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hdbuck
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February 13, 2016, 05:11:34 PM |
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ether is for huffing and farting ... who in their right mind is going to 'invest' in something called "ether" virtual currency??
someone high on ether? |
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Hyena
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February 13, 2016, 06:10:54 PM |
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And the bubble has popped, just as I expected. It will probably fall as low as 0.004 BTC per ETH. That's when it's safe to start buying in. I took some time to technically look more into ethereum and I got sort of interested. While ether ETH itself is intrinsically quite worthless, their platform is indeed promising and as soon as it gets usable enough for business level applications there will be ethereum clones all over the place. During that time we can probably see a couple of more ETH pumps which is why it is good to buy in after the current bubble has deflated. But who knows when the next pump happens, so I would only convert a small percentage of my BTC into ETH. |
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thms (OP)
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February 13, 2016, 06:24:49 PM |
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And the bubble has popped, just as I expected. Looks more like a correction. Proof: 7 days ago, 1 ETH = 2.50 USD today, 1 ETH = 4.30 USD |
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Hyena
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February 13, 2016, 06:31:26 PM |
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And the bubble has popped, just as I expected. Looks more like a correction. Proof: 7 days ago, 1 ETH = 2.50 USD today, 1 ETH = 4.30 USD It looks like a correction until it has become obvious that it crashed. Wishful thinking, and of course the expectation bias can go both ways. I may be a victim of it, or you, or both of us  |
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MissionPhailed
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February 13, 2016, 07:02:17 PM |
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Yes, price rose way too fast to be durable, though I'm surprised ETH almost managed to reach 0,02BTC. Got in pretty late (0,0098 ish) and then within 12 hours out again with 25% profit. Opinions about ETH seem to range from 'scam' to 'challenger of Bitcoin', but I'm steering clear of ETH for the time being. I'd say we'll see prices below 0,01BTC within 24 hours.
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Hyena
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February 13, 2016, 07:10:18 PM |
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Yes, price rose way too fast to be durable, though I'm surprised ETH almost managed to reach 0,02BTC. Got in pretty late (0,0098 ish) and then within 12 hours out again with 25% profit. Opinions about ETH seem to range from 'scam' to 'challenger of Bitcoin', but I'm steering clear of ETH for the time being. I'd say we'll see prices below 0,01BTC within 24 hours.
I'd like to see some trustworthy technical review of ethereum's source code, its weaknesses and strengths. |
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Xavier59
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February 13, 2016, 08:11:55 PM |
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I hold my ETH, I keep believe this is just a price correction and that we will not go under 0.01 BTC
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