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Bitcoin Forum > Economy > Economics > Speculation > We just hit $498.99 on gdax
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Jcastle (OP)
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May 28, 2016, 03:57:01 AM
Last edit: May 28, 2016, 04:41:28 AM by Jcastle
 #1
Some news outlets are saying price increase due to Chinese buying but what about ethereum dao....isn't that over tmrw....don't you have to convert ether to bitcoin in order to sell out ?
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2015Bubble
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May 28, 2016, 04:48:19 AM
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No you can dump ETH for fiat and then buy up BTC with all that scammed money.
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May 28, 2016, 05:02:47 AM
 #3
It's $497 now on the Coindesk index. Halving hype? probably too, it's already June.

Quote from: 2015Bubble on May 28, 2016, 04:48:19 AM
No you can dump ETH for fiat and then buy up BTC with all that scammed money.

Why not go straight, from ETH to BTC. It doesn't make sense.
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Yussian
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May 28, 2016, 05:42:48 AM
 #4
The price has risen too fast. If it rises 10 dollars a week, that is more sustainable. Big pump will lead to big dump.
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May 28, 2016, 06:25:27 AM
 #5
the price is just past $500 and is currently 506.3 at bitfinex looks like the age of cheap bitcoin is over. use all the money you earned from the recent ethereum pump to buy as much bitcoin as you can before it is too late.
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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May 28, 2016, 06:56:40 AM
 #6
This is just the beginning really.
NUFCrichard
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May 28, 2016, 08:21:14 AM
 #7
DAO is $120mil or so, that is only about 2% of the size of Bitcoin's total volume, so I doubt it has made a huge difference.
I can't explain when the price falls 20% for no reason, so I won't complain when the price rises 20% for apparantly no reason.

The halving is coming, difficulty has been rising, usage is up and the whole Alt coin stuff is keeping bitcoin and blockchains in the news, so adoption will rise too. I hope it is sustainable.
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May 28, 2016, 09:21:06 AM
 #8
Quote from: Jcastle on May 28, 2016, 03:57:01 AM
Some news outlets are saying price increase due to Chinese buying but what about ethereum dao....isn't that over tmrw....don't you have to convert ether to bitcoin in order to sell out ?

wait you're telling me ETH hasn't released the DAO yet?

So all that sweet DAO money will hit the bitcoin market tomorrow on top of all this?

Sweeeeet.

$800 here we come.

Quote from: Yussian on May 28, 2016, 05:42:48 AM
The price has risen too fast. If it rises 10 dollars a week, that is more sustainable. Big pump will lead to big dump.

this must be the first time you have seen a bull run.
Monnt
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May 28, 2016, 10:02:24 AM
 #9
Quote from: Yussian on May 28, 2016, 05:42:48 AM
The price has risen too fast. If it rises 10 dollars a week, that is more sustainable. Big pump will lead to big dump.

Not when the halving is so near. We have a potential price double on our hands, people. I'm pumped!
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