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

[pbleak]

It is still going up, without single bigger dump or big correction, just straight up. Don't know where the top will be, but damn, the dump will be spectacular...1 billion for currency which was until last week in alpha release and no single shop is accepting it? There has to be some hidden reason for all this hype

It's not always down to hidden forces. Let's assume people are thinking this is quite close to the rise of Bitcoin - only much later and less likely. But still possible. So I think we are seeing people investing in little chunks. You can see it on the walls that you've got a wide spread of smaller buys. At 12USD or so it's still not that expensive. Especially if you have Bitcoin already. Is it a big deal to buy 10 or 20 Ether just for kicks? Not really. I'm certain this is what is happening. I don't think a dump is likely for some time because there's more money for now in people entering and holding.

[pbleak]

It is still going up, without single bigger dump or big correction, just straight up. Don't know where the top will be, but damn, the dump will be spectacular...1 billion for currency which was until last week in alpha release and no single shop is accepting it? There has to be some hidden reason for all this hype

I have none ..but my 'guess' is people see the banks using this for testing....see this as what the banks use to move their more 'private' tokens on this 'centralized' coin...ie comfort level...and main thing it is NOT the evil "bitcoin" so you can talk about blockchain and get investment dollars for your IPO ICO etc etc....

much like early miners......only now instead of 'home miners' being the cheerleaders they are using that idea to get 'big IPO' newbie money to go into this RAH RAH!

(remember the big IPO hype for 'cloud miners' took a lot of newbie big buck version $$$)

So I sit here and scratch my head (like most here almost bought in a btc or two at 95c sheesh)

will this have 'legs' as the anti-bitcoin...if so at 450 buck btc 10-20 bucks for ethereum is NOT out of the question

or will it go pop?

don't know...but damn it is looking like if they had a decent wallet and got their act together ...it could very well do so

remember PAYCOIN a lot of FOMO money flowed into that....and whatever you say about ethereum ..it is legit in the sense compared to paycoin imho

not sure ..still on the fence......(no balls)

edit: in my defense I shot 110 ltc last week to Carnth (one of 4 main administrators on litecointalk.org) and you guessed it 'hacked account' thus why the site is down
either a fix or the hacker with super powers of an admin...flushed the system

Also had a buddy put 12 btc into the lisk ico........so I put 1 btc into that ...tonto to his lone ranger if it all goes 'tulips' I can talk him off a ledge

was kinda a 'dumb week' probably.....so.....I'm NOT trying to drink the kool aid on ethereum.....(ah the heady days of kool aid drinking in 2013 )

er...shudder..anyway ...what I mean to say is I KNOW ZIP.....but in the 'morass' of my mind....at this point in time ..what is rattling around ...

Reading this you should consider investing against yourself. If you throw money at LISK or whatever happened with LTC there (not sure I follow) you could consider essentially countering whatever you decide to do. In this case because you are wary of Ether it likely suggests its a good investment.

[Minecache]

Lol, are you still mad bros??? the crazy thing is that you still have time to jump on the wagon, even weeks and months after you guys said it was all a bubble that was gonna pop in the next hour.

https://www.bitfinex.com/pages/announcements/?id=93

Maybe when ETH passes BTC in market cap you will listen.

You can take the horse to water...

Sometimes people just don't listen to salient advices.

[Searing]

It is still going up, without single bigger dump or big correction, just straight up. Don't know where the top will be, but damn, the dump will be spectacular...1 billion for currency which was until last week in alpha release and no single shop is accepting it? There has to be some hidden reason for all this hype

I have none ..but my 'guess' is people see the banks using this for testing....see this as what the banks use to move their more 'private' tokens on this 'centralized' coin...ie comfort level...and main thing it is NOT the evil "bitcoin" so you can talk about blockchain and get investment dollars for your IPO ICO etc etc....

much like early miners......only now instead of 'home miners' being the cheerleaders they are using that idea to get 'big IPO' newbie money to go into this RAH RAH!

(remember the big IPO hype for 'cloud miners' took a lot of newbie big buck version $$$)

So I sit here and scratch my head (like most here almost bought in a btc or two at 95c sheesh)

will this have 'legs' as the anti-bitcoin...if so at 450 buck btc 10-20 bucks for ethereum is NOT out of the question

or will it go pop?

don't know...but damn it is looking like if they had a decent wallet and got their act together ...it could very well do so

remember PAYCOIN a lot of FOMO money flowed into that....and whatever you say about ethereum ..it is legit in the sense compared to paycoin imho

not sure ..still on the fence......(no balls)

edit: in my defense I shot 110 ltc last week to Carnth (one of 4 main administrators on litecointalk.org) and you guessed it 'hacked account' thus why the site is down
either a fix or the hacker with super powers of an admin...flushed the system

Also had a buddy put 12 btc into the lisk ico........so I put 1 btc into that ...tonto to his lone ranger if it all goes 'tulips' I can talk him off a ledge

was kinda a 'dumb week' probably.....so.....I'm NOT trying to drink the kool aid on ethereum.....(ah the heady days of kool aid drinking in 2013 )

er...shudder..anyway ...what I mean to say is I KNOW ZIP.....but in the 'morass' of my mind....at this point in time ..what is rattling around ...

Reading this you should consider investing against yourself. If you throw money at LISK or whatever happened with LTC there (not sure I follow) you could consider essentially countering whatever you decide to do. In this case because you are wary of Ether it likely suggests its a good investment.

yeah you have a point on lisk...weak moment with a friend....so I said what the heck and got 1btc's worth (sure looks pretty thou 27k of lisk)

as to LTC my equip ROI'd long ago.....715mh.....I'm mining LTC at 98c per LTC from electric to coin So LTC is NOT a problem.....still doing 55 LTC  a week

bound to happen someday....but I take you point the moment I would 'invest' in Ethereum it would TANK. (hey its a gift..that and missing crypto boats of any type)

[toknormal]

You can take the horse to water...

Sometimes people just don't listen to salient advices.

And maybe they just did listen to the subtext of that Bitfinex announcement 

[bitbitch]

You can take the horse to water...

Sometimes people just don't listen to salient advices.

And maybe they just did listen to the subtext of that Bitfinex announcement 

what was that announcement?

[PrismRevolution]

I did moved some BTC into ETH and still holing.

[pbleak]

It is still going up, without single bigger dump or big correction, just straight up. Don't know where the top will be, but damn, the dump will be spectacular...1 billion for currency which was until last week in alpha release and no single shop is accepting it? There has to be some hidden reason for all this hype

I have none ..but my 'guess' is people see the banks using this for testing....see this as what the banks use to move their more 'private' tokens on this 'centralized' coin...ie comfort level...and main thing it is NOT the evil "bitcoin" so you can talk about blockchain and get investment dollars for your IPO ICO etc etc....

much like early miners......only now instead of 'home miners' being the cheerleaders they are using that idea to get 'big IPO' newbie money to go into this RAH RAH!

(remember the big IPO hype for 'cloud miners' took a lot of newbie big buck version $$$)

So I sit here and scratch my head (like most here almost bought in a btc or two at 95c sheesh)

will this have 'legs' as the anti-bitcoin...if so at 450 buck btc 10-20 bucks for ethereum is NOT out of the question

or will it go pop?

don't know...but damn it is looking like if they had a decent wallet and got their act together ...it could very well do so

remember PAYCOIN a lot of FOMO money flowed into that....and whatever you say about ethereum ..it is legit in the sense compared to paycoin imho

not sure ..still on the fence......(no balls)

edit: in my defense I shot 110 ltc last week to Carnth (one of 4 main administrators on litecointalk.org) and you guessed it 'hacked account' thus why the site is down
either a fix or the hacker with super powers of an admin...flushed the system

Also had a buddy put 12 btc into the lisk ico........so I put 1 btc into that ...tonto to his lone ranger if it all goes 'tulips' I can talk him off a ledge

was kinda a 'dumb week' probably.....so.....I'm NOT trying to drink the kool aid on ethereum.....(ah the heady days of kool aid drinking in 2013 )

er...shudder..anyway ...what I mean to say is I KNOW ZIP.....but in the 'morass' of my mind....at this point in time ..what is rattling around ...

Reading this you should consider investing against yourself. If you throw money at LISK or whatever happened with LTC there (not sure I follow) you could consider essentially countering whatever you decide to do. In this case because you are wary of Ether it likely suggests its a good investment.

yeah you have a point on lisk...weak moment with a friend....so I said what the heck and got 1btc's worth (sure looks pretty thou 27k of lisk)

as to LTC my equip ROI'd long ago.....715mh.....I'm mining LTC at 98c per LTC from electric to coin So LTC is NOT a problem.....still doing 55 LTC  a week

bound to happen someday....but I take you point the moment I would 'invest' in Ethereum it would TANK. (hey its a gift..that and missing crypto boats of any type)

Why not convert 55LTC this week to Ether? It's not a huge loss either way and is a nice small bet.

[pbleak]

You can take the horse to water...

Sometimes people just don't listen to salient advices.

And maybe they just did listen to the subtext of that Bitfinex announcement 

Don't be cryptic.

[bitbitch]

i doubt there will be more fiat going in now it's the weekend.

it's all down to BTC, XRP, and LTC holders to decide if they want to take the chance that they're not going to be the ones dancing around the chair that gets taken away when the music stops.

i'm not sure the price will go up or down that much in the near future. i predict an impasse. the change will come if the BTC miners decide enough is enough and it's time to bring forward their plans for the halving effect to return the market to 'stability'.

[toknormal]

Don't be cryptic.

Well, Minecache says...

Sometimes people just don't listen to salient advices.

But in fact, if you listen to professionals with reputations, money and businesses at stake you'll get a far more sober view of Ethereum tokens as a viable investment instrument.

Notice I said Ethereum "tokens" - not the Ethereum economy as a whole. Thats because the tokens themselves are very different in nature from, say, Bitcoin tokens. Ethereum tokens are there to serve a technology function on the blockchain, not as a universal monetary unit.

Thats why Bitfinex says:



...a back handed endorsement if ever there was one.

It's also why Simon Dixon says "Ether is more like Fiat" at this point in his interview with Max Keiser.

The other thing you've got to note is that Ether is priced in Bitcoin. Bitcoin is not priced in Ether. What that means is that when people are getting excited about the price of their ETH holding's, they're actually excited because they're gaining Bitcoin, not Ether. Thats a bit of unconscious psychology that manifests from trading in a reserve currency denomination. Profits will be taken at some point and that will turn Ether toxic for a while just as happened with all the other assets that were going to supercede bitcoin such as Litecoin, Peercoin, NxT, Bitshares etc.

As Simon Dixon says, no doubt it will be successful and the question isn't whether it will accrue in value. The question is whether it will accrue in value against bitcoin which shows no signs of losing its reserve status. For me Ethereum is a technology and bitcoin is money. As such, one might have a look at what technology corporations have larger marketcaps than their country's monetary base - or even one sixth of the monetary base (which is where Ethereum is at the moment).

Since ETH is not a bearer token, it cannot replace bitcoin in that market - plain and simple. Also, it may be getting big investment but where is than investment going ? Not into the value of the tokens but the value of the assets that will run on that blockchain. Neither will the tokens have value in the way that company shares do because corporate shares give you influence in a way that smart contract blockchain tokens do not.

So if those tokens to not derive their value from a bearer property and not directly from ecosystem investment (at least not as directly as bitcoin tokens do) then where's the value coming from ?

Right now it's coming from speculative hysteria - and that's the subtext of that Bitfinex announcement. (But there's plenty volume so they're saying w.t.f. - lets get a piece of it    )

[bitbitch]

You can take the horse to water...

Sometimes people just don't listen to salient advices.

And maybe they just did listen to the subtext of that Bitfinex announcement 

you mean this?;

http://themerkle.com/eth-price-goes-up-since-bitfinex-announcement/

[bitbitch]

Don't be cryptic.

Well, Minecache says...

Sometimes people just don't listen to salient advices.

But in fact, if you listen to professionals with reputations, money and businesses at stake you'll get a far more sober view of Ethereum tokens as a viable investment instrument.

Notice I said Ethereum "tokens" - not the Ethereum economy as a whole. Thats because the tokens themselves are very different in nature from, say, Bitcoin tokens. Ethereum tokens are there to serve a technology function on the blockchain, not as a universal monetary unit.

Thats why Bitfinex says:



...a back handed endorsement if ever there was one.

It's also why Simon Dixon says "Ether is more like Fiat" at this point in his interview with Max Keiser.

The other thing you've got to note is that Ether is priced in Bitcoin. Bitcoin is not priced in Ether. What that means is that when people are getting excited about the price of their ETH holding's, they're actually excited because their gaining Bitcoin, not Ether. Thats a bit of unconscious psychology that manifests from trading in a reserve currency denomination. Profits will be taken at some point and that will turn Ether toxic for a while just as happened with all the other assets that were going to supersede bitcoin such as Litecoin, Peercoin, NxT, Bitshares etc.

As Simon Dixon says, no doubt it will be successful and the question isn't whether it will accrue in value. The question is whether it will accrue in value against bitcoin which shows no signs of losing its reserve status. For me Ethereum is a technology and bitcoin is money. As such, one might have a look at what technology corporations have larger marketcaps than their country's monetary base - or even one sixth of the monetary base (which is where Ethereum is at the moment).

Since ETH is not a bearer token, it cannot replace bitcoin in that market - plain and simple. Also, it may be getting big investment but where is than investment going ? Not into the value of the tokens but the value of the assets that will run on that blockchain. Neither will the tokens have value in the way that company shares do because corporate shares give you influence in a way that smart contract blockchain tokens do not.

So if those tokens to not derive their value from a bearer property and not directly from ecosystem investment (at least not as directly as bitcoin tokens do) then where's the value coming from ?

Right now it's coming from speculative hysteria - and that's the subtext of that Bitfinex announcement. (But there's plenty volume so they're saying w.t.f. - lets get a piece of it    )

good post. sanity.

[pbleak]

Thats why Bitfinex says:



...a back handed endorsement if ever there was one.

True though it depends on how you read this. One hand it might imply they are wary, but on the other it also just says they are tempted.

The other thing you've got to note is that Ether is priced in Bitcoin. Bitcoin is not priced in Ether. What that means is that when people are getting excited about the price of their ETH holding's, they're actually excited because their gaining Bitcoin, not Ether. Thats a bit of unconscious psychology that manifests from trading in a reserve currency denomination. Profits will be taken at some point and that will turn Ether toxic for a while just as happened with all the other assets that were going to supersede bitcoin such as Litecoin, Peercoin, NxT, Bitshares etc.

As Simon Dixon says, no doubt it will be successful and the question isn't whether it will accrue in value. The question is whether it will accrue in value against bitcoin which shows no signs of losing its reserve status. For me Ethereum is a technology and bitcoin is money. As such, one might have a look at what technology corporations have larger marketcaps than their country's monetary base - or even one sixth of the monetary base (which is where Ethereum is at the moment).

Absolutely. I'm perhaps the wrong person to be reading this as I'm a value investor who is bullish on Ether qua blockchain technology rather than as a currency. I also very much exist firmly in the bitcoin only economy at this point with 'trading' (I would barely call it that, I just outright bought Ether a while back and have little interest in selling, but I am curious what the market dynamics might tell me indirectly). I fully expect people to pull out as we get close to 20USD - if that happens, of course. I figure most of us with volume got in early enough that there is not much to lose even if it drops all the way down to a dollar or two.

Since ETH is not a bearer token, it cannot replace bitcoin in that market - plain and simple. Also, it may be getting big investment but where is than investment going ? Not into the value of the tokens but the value of the assets that will run on that blockchain. Neither will the tokens have value in the way that company shares do because corporate shares give you influence in a way that smart contract blockchain tokens do not.

So if those tokens to not derive their value from a bearer property and not directly from ecosystem investment (at least not as directly as bitcoin tokens do) then where's the value coming from ?

Right now it's coming from speculative hysteria - and that's the subtext of that Bitfinex announcement. (But there's plenty volume so they're saying w.t.f. - lets get a piece of it    )

I understand your point, but I guess this is a problem with the all-or-nothing people. I don't understand why one would not have both Bitcoin and Ether. In terms of value right now that's quite simply in what they can pull from their Bitcoin cut-and-run down the road. I agree that many people seem to not quite understand what they own when they own Ether.

And yes, no harm in getting a piece of it (I have my handful of DASH just in case).

[yefi]

Place your bet gentlemen..

https://bitbet.us/bet/1248/ethereum-to-t/#b8

The market is always right. ^^

Btw, that site is complete shit. The bet is still open, despite clearly being resolved. Not only that, they seem to be pulling a Gox - they've suspended all payments indefinitely (but are apparently fine with accepting deposits).

[rocketron]

lol Microsoft pulled accepting Bitcoin 

http://windows.microsoft.com/en-us/windows-10/microsoft-store-doesnt-accept-bitcoin

[Zitdadast]

lol Microsoft pulled accepting Bitcoin 

http://windows.microsoft.com/en-us/windows-10/microsoft-store-doesnt-accept-bitcoin

That is very old news. Microsoft only accept the bitcoin in the US store anyway. That will not affect the adoptoin of bitcoin.

[rocketron]

ahh right 

lol Microsoft pulled accepting Bitcoin 

http://windows.microsoft.com/en-us/windows-10/microsoft-store-doesnt-accept-bitcoin

That is very old news. Microsoft only accept the bitcoin in the US store anyway. That will not affect the adoptoin of bitcoin.

[pbleak]

ahh right 

lol Microsoft pulled accepting Bitcoin 

http://windows.microsoft.com/en-us/windows-10/microsoft-store-doesnt-accept-bitcoin

That is very old news. Microsoft only accept the bitcoin in the US store anyway. That will not affect the adoptoin of bitcoin.

Why get excited, do you think they are going to accept Ether? Losing a crypto from such a large retailer is not a good sign for anyone.

[mtnsaa]

I can't believe "Bitcoiners" are still "on the fence" and talking about Ethereum is not a currency. I have literally read that some seconds ago. Not it's not a currency, Ethereum can perfectly thrive at the side of Bitcoin. However, what you still don't get after Hearn made it pretty clear, is that Bitcoin is also NOT a currency, it has failed as a payment system, it's a complete joke.

That doesn't mean it's the end, but it's clear useless if the intention was to pay for things with Bitcoin, no adoption whatsoever. Now as a digital way to store wealth, kinda like digital gold, yes, it has proven itself over time, it works even if the transactions are slow or has become "centralized" with just a few big players calling the shots.

Ethereum can go easily to $100 this year, $50 is a very real chance now not. People were betting if it would hit 1 Billion, lol...the bet should be more like if they can surpass Bitcoin market cap by next year. ETH has "only" 72 million with more coming each year after it stops. It was made to be highly divisible so of course they aimed for the sky on this, if it ever gets adopted and companies, banks and institutions around the world transactions and contracts would cost in Weis (like Satoshis) not $50 or $200...