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

[mtnsaa]

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.

It's not so scary for me. I bought previously around 0.02. This is a top-up so that I feel I've a reasonable insurance against ETH overtaking Bitcoin. I have tons of reserves for a dump, but it's difficult to know when it will come - these exponential trends can really run away. Now we've sailed past the ATH, I think even 0.1 could be on the table.

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.

[milewilda]

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.

It's not so scary for me. I bought previously around 0.02. This is a top-up so that I feel I've a reasonable insurance against ETH overtaking Bitcoin. I have tons of reserves for a dump, but it's difficult to know when it will come - these exponential trends can really run away. Now we've sailed past the ATH, I think even 0.1 could be on the table.

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.

Those fundamentals that we saw are somehow strong that ETH would really have the potential to increase its price unexpectedly that's why its wise to buy it now since the price is still affordable if you wont take the risk you wont profit nothing at all.We are really doing the waiting game as of now.

[mtnsaa]

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

[yefi]

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

Hey, well done, hope you made a packet. I'm holding onto my ETH for now, but I've been selling my BTC stack - something I haven't done for over 3 years. I see dark clouds gathering with this hard fork mess.

[sunsilk]

I'm not going to move into ETH but I am going to invest in ETH as the price of bitcoin is falling.

It's a good move to migrate some of my bitcoin investments to ETH this is to secure my profit and will reduce the possible loss.

Actually I just followed what others are doing and as I can see it's effective when there's dump in bitcoin.

[mtnsaa]

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

Hey, well done, hope you made a packet. I'm holding onto my ETH for now, but I've been selling my BTC stack - something I haven't done for over 3 years. I see dark clouds gathering with this hard fork mess.

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.

[Picturs]

Well, had no option but to bet part of my stash on it. Maybe I've been too complacent over the threat to Bitcoin from BU.

I am also thinking of converting some of my bitcoins into ETH or ZEC.

[mtnsaa]

Well, had no option but to bet part of my stash on it. Maybe I've been too complacent over the threat to Bitcoin from BU.

I am also thinking of converting some of my bitcoins into ETH or ZEC.

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/

[FractalUniverse]

more like a healthy pump 

[yefi]

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/

Totally irresponsible. These guys get lucky with risky trades and think they're untouchable, until they're wiped out. Shorting is a tool that needs to be used judiciously - analysing the charts, setting proper limits, and hedging yourself. Doubling down against a multi-year breakout is foolhardy as these things can really run away, as we see with DASH.

[dragonares]

I had many Ethereums before, in 2015, but I sold most of them and I am regretful now, my average sell price is 0.003 btc according to poloniex, I missed a 10x gain.

[Fasdata]

I had many Ethereums before, in 2015, but I sold most of them and I am regretful now, my average sell price is 0.003 btc according to poloniex, I missed a 10x gain.

Sorry to hear that. If the bitcoin is in trouble, the Ethereum will rise further.

[royalfestus]

Well, had no option but to bet part of my stash on it. Maybe I've been too complacent over the threat to Bitcoin from BU.

I am also thinking of converting some of my bitcoins into ETH or ZEC.

It is still a big risk. I thought few people are adopting it until I noticed how it has affected the price of bitcoin. It is just one of the few options

[mtnsaa]

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/

Totally irresponsible. These guys get lucky with risky trades and think they're untouchable, until they're wiped out. Shorting is a tool that needs to be used judiciously - analysing the charts, setting proper limits, and hedging yourself. Doubling down against a multi-year breakout is foolhardy as these things can really run away, as we see with DASH.

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

[keystroke]

Yes, I used BTC to borrow ETH so I could sell them short. 

[Playboi]

How do I buy ETH coins

[Jastetad]

Yes, I used BTC to borrow ETH so I could sell them short. 

Maybe it is time to short some ETH as the price is dropping.

[mtnsaa]

Yes, I used BTC to borrow ETH so I could sell them short. 

Maybe it is time to short some ETH as the price is dropping.

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.

[fullzero]

dump,

Then pump,

Then dump,

Then pump...

[klama98]

Hi,
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https://alerts-trading.com/

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Hope it's usefull.
Comments are welcome. Have fun, and happy trading.