Ethereum is in an artificial bubble

[willope]

Yes, everyone knoves that it's a bubble. What I am saying is that it's totally artificial. I realised it looking at coinmarketcap charts.
Almost all of the trading volume goes trought Poloniex and Kraken. On poloniex there's almost ONLY eth/btc volume, no eth/usd volume at all. Kraken actually has eth/usd volume but much smaller than eth/btc.
For me it means than NO FIAT MONEY is flowing in ethereum market cap, it's only that a few btc whales are shorting bitcoin to make money on ethereum pump and then to buy more btc with the profit.
AAAnd, one more time noobs will be fooled.

[1715372726]

1715372726

[vlom]

or people just want to change their BTC in ETH because they think ETH has the brighter future.

[Bitcoinpro]

or people just want to change their BTC in ETH because they think ETH has the brighter future.

and then ethereum frodo and bilbo slayed the fiat banking dragon

[owm123]

Yes, everyone knoves that it's a bubble. What I am saying is that it's totally artificial. I realised it looking at coinmarketcap charts.
Almost all of the trading volume goes trought Poloniex and Kraken. On poloniex there's almost ONLY eth/btc volume, no eth/usd volume at all. Kraken actually has eth/usd volume but much smaller than eth/btc.
For me it means than NO FIAT MONEY is flowing in ethereum market cap, it's only that a few btc whales are shorting bitcoin to make money on ethereum pump and then to buy more btc with the profit.
AAAnd, one more time noobs will be fooled.

Who uses fiat to buy altocins anyway? Ppl usually use fiat to buy btc and then buy othercoins with it.

[stoat]

Yes, everyone knoves that it's a bubble. What I am saying is that it's totally artificial. I realised it looking at coinmarketcap charts.
Almost all of the trading volume goes trought Poloniex and Kraken. On poloniex there's almost ONLY eth/btc volume, no eth/usd volume at all. Kraken actually has eth/usd volume but much smaller than eth/btc.
For me it means than NO FIAT MONEY is flowing in ethereum market cap, it's only that a few btc whales are shorting bitcoin to make money on ethereum pump and then to buy more btc with the profit.
AAAnd, one more time noobs will be fooled.

Lol sour grapes.

Thanks OP posts like these are a massive bullish indicator for the ETH price. And make very pleasurable reading.


It's the same feeling i get if i read that someone i hate got run over by a bus or my favourite team won the FA cup.

Keep em coming

[keepdoing]

or people just want to change their BTC in ETH because they think ETH has the brighter future.

and then ethereum frodo and bilbo slayed the fiat banking dragon

I love this.  All the old Blockstream/Core guys are now miserable, and are over here doing what they do best.... FUD!

LOL  - you killed Bitcoin with your toxic, miserable shit.  But you are just making me friekin laugh my A$$ off because it reminds me you are stuck holding a bag of crappy crippled bitcoins going nowhere but down, and too stubborn to let go of them, and that is why I am laughing..... watching you sink while you get dragged down by your own toxic, bitter stupidity.

ROFL!!!   SUCKERS!!!!  Blockstream/Core screwed you!  Now stay off our Altcoin Channel before you get banned/moved for off topic discussion!  hahaha

[stoat]

or people just want to change their BTC in ETH because they think ETH has the brighter future.

and then ethereum frodo and bilbo slayed the fiat banking dragon

Dump bitchcoin!

http://youtu.be/grbSQ6O6kbs

[keepdoing]

or people just want to change their BTC in ETH because they think ETH has the brighter future.

and then ethereum frodo and bilbo slayed the fiat banking dragon

Dump bitchcoin!

http://youtu.be/grbSQ6O6kbs

Joe Bitcoin Hodler, "I'm not dead!  I'm not dead!  I feel happy."   LOL.

[willope]

Lol sour grapes.

Thanks OP posts like these are a massive bullish indicator for the ETH price. And make very pleasurable reading.


It's the same feeling i get if i read that someone i hate got run over by a bus or my favourite team won the FA cup.

Keep em coming

It's a pleasure to be hated by you, a hater.
Anyway, I am very interesed in ethereum, but this is a bubble. So... Come here in a month and read only my last sentence:
 
    I TOLD YOU SO

[stoat]

Lol sour grapes.

Thanks OP posts like these are a massive bullish indicator for the ETH price. And make very pleasurable reading.


It's the same feeling i get if i read that someone i hate got run over by a bus or my favourite team won the FA cup.

Keep em coming

It's a pleasure to be hated by you, a hater.
Anyway, I am very interesed in ethereum, but this is a bubble. So... Come here in a month and read only my last sentence:
 
    I TOLD YOU SO

More sour grapes keep it coming im almost fully erect

[willope]

Lol sour grapes.

Thanks OP posts like these are a massive bullish indicator for the ETH price. And make very pleasurable reading.


It's the same feeling i get if i read that someone i hate got run over by a bus or my favourite team won the FA cup.

Keep em coming

It's a pleasure to be hated by you, a hater.
Anyway, I am very interesed in ethereum, but this is a bubble. So... Come here in a month and read only my last sentence:
 
    I TOLD YOU SO

More sour grapes keep it coming im almost fully erect

Believe me, I am not happy to know that I'm causing an erection to a homosexual troll.

[Piston Honda]

no shit? lol

[chris56a]

or people just want to change their BTC in ETH because they think ETH has the brighter future.

for anyone who watches anime
ethereum is Itatchi and bitcoin naruto....really bad joke

but i think ethereum actually worth someone its a lot more anonymous then bitcoin and provides actual features that bitcoin doesn't i mean if you break down most alt coins there just a shadow of bitcoin not that ethereum isn't but i think theres more too it and if you notice bitcoin dropped under its 400 average so most is going towards it

i've been in and out of eth for the past couple of days

[SparkyU]

Ethereum is the future and Bitcoin is the past.  And the bitcoin folks are going to claw and scratch for every inch, they're not going to let it go easily.  Too bad it inevitable...

Get on the train or be left behind, everything has an end.

[Golftech]

or people just want to change their BTC in ETH because they think ETH has the brighter future.

I think this is more probable. There is serious problem with Bitcoin at the moment. That is the block size increase debate.

[tokeweed]

Yes, everyone knoves that it's a bubble. What I am saying is that it's totally artificial. I realised it looking at coinmarketcap charts.
Almost all of the trading volume goes trought Poloniex and Kraken. On poloniex there's almost ONLY eth/btc volume, no eth/usd volume at all. Kraken actually has eth/usd volume but much smaller than eth/btc.
For me it means than NO FIAT MONEY is flowing in ethereum market cap, it's only that a few btc whales are shorting bitcoin to make money on ethereum pump and then to buy more btc with the profit.
AAAnd, one more time noobs will be fooled.

[btcbug]

Agree with OP.

I mentioned elsewhere that if you look at Poloniex volume for the top 10 alts, they've all shot up around 10 - 40 times in volume in the past month or two. To me this means that there is simply massive speculation going on across the board. Regardless what anyone thinks of ETH fundamentals and long term, it's clear that right now it's way too high. It's due for a huge correction any time imo.

[mtnsaa]

Agree with OP.

I mentioned elsewhere that if you look at Poloniex volume for the top 10 alts, they've all shot up around 10 - 40 times in volume in the past month or two. To me this means that there is simply massive speculation going on across the board. Regardless what anyone thinks of ETH fundamentals and long term, it's clear that right now it's way too high. It's due for a huge correction any time imo.

Please, there's massive speculation because Bitcoin is falling to pieces, is it so hard for you to comprehend? It may be alright at the end but in the short future is doing very bad with problems coming from every angle. Ethereum on the other hand has its shit together, they have plan, there are very serious professionals and developers handling it all. If you put that along with the huge potential it has (it's still not a reality, let's face it) and the attraction of companies of Reuters and Microsoft that Bitcoin would never get, well it's all very clear. It may be a bubble but a justified one not a p&d, there's actually interest in Ethereum and ETH will need to be used if companies and dapps start getting developed contrary to other coins that no one actually use, they just hoard and hoard and then the project dies because there are millions like these that are exactly the same.

[gentlemand]

New paradigm, this time it's different, eternal september, etc.

We've been here plenty of times before. The nature of this explosion is unique and spectacular but an eventual fall is built into the fabric of the universe. Perhaps the real rise hasn't even started though. Or it's winding down. It'll come eventually.

[The Sceptical Chymist]

Even knowing it's a bubble you can still make money,  and the thing is that you don't know how long momentum is going to be in the up direction.  Could be for a while.