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Thanks for your comments JayJaunGee.
I decided to keep holding as I said.
I am more worried about ethereum, which is a big part of my investment.
Well, it is a problem that you saw value in that project in the first place.... I mean value beyond the associated risk that comes with manipulation, marketing and connected scam projects.
Furthermore, the ETH messages is all over the place, which is understandable because the project is all over the place, but the very ludicrous parts of the message seem to be both the attempts to describe it to be like bitcoin (implying that it is sound money) and that it is bitcoin 2.0 with the level of its looseness, causing multiple attack vectors.
Of course, it can pump some more, which, definitely remains unclear currently, the extent to which such pump is going to be mustered up in ETH at any time in the future - in spite of its ongoing weaknesses, some of which i already mentioned.
I will still holding it, and hope to dump those coins in the first opportunity. If BTC recovers, ethereum will probably reach my average price (something near 250-300).
Could be.
I believe ethereum is an interesting project, However Vitalik is the problem. He is like a CEO, it became his blockchain..
I don't think that he is the only problem, and if he was there probably would be a higher percentage going to ETC, which seems to be suffering at least as greatly, if not more, than ETH.
Let's see where it goes.
Agree. I would not assert to have any real clue about direction (or price direction), especially short term.
If he manages to launch Casper (PoS) it will be a nice achievement for the whole ecosystem (as other POS coins were very centralized and much smaller projects)
Personally, I doubt that POS adds any real value, even though it is touted to add value, but I would agree that it would create an additional experiment point, pump opportunity, and opportunity for different kinds of quasi-centralized cartel-like scams, and you, as an investor, could profit from some of that nonsense.
As I get to the end of this post, I begin to realize that I hardly said anything about the possible relationship of ETH to BTC. Of course, this is a BTC thread, and we have free range to bash ETH and other non-BTC cryptos without really having to justify such bashing, because ultimately pumping those various other cryptos is largely off topic for this thread, yet clearly some of the happenings in those other coins does seem to have decent ongoing effects on bitcoin, and as I wrote in an earlier post, yesterday I believe, at the beginning of this price correction (early 2018), it had seemed to me that it was almost inevitable that other coins were going to come along with bitcoin for at least one more pump, and I am still of that opinion; however, currently, I am leaning a bit more to the opinion that Bitcoin might not be able to pump until the snot nosed 14 year olds, who are involved in many of the alt coins, are caused to suffer much more greatly and their coins do not show any sign of life when bitcoin has upwards movements. Surely, they may be coming along for another pump, but it is kind of beginning to seem that more of the hope of the snot nosed 14 year olds have to be snuffed out in the short term so that they do not get the subsequent pump with any kind of BTC bounce before bitcoin is going to really be able to start to bounce. That is my current thinking, but I understand that even if I have outlined a very plausible scenario, the actual scenario is likely NOT going to play out, even in the most of the plausible outlined projections.
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