Topic: [2016-06-12] Bitcoin exceeds $3,000 and Ethereum breaks $400 (Read 5422 times)

You are obviously free to do what you want, but I just try to prevent people here from seeing their hard earned cash/coins turn into a pile of pennies. If you wanted to take the gamble to invest in Ethereum, it indeed should be done far below current levels. People should think logically and ask themselves how on earth they can justify paying that much for something from which its market is extremely centralized, plus at the same time is +$300 overpriced....

I recently decided to invest in ETH. But the more I read such answers, the less I have the desire to buy this crypto currency. It's probably too late to invest in it. Its price became unpredictable

Ethereum will tank as soon as people for once realize that they pay $400 for something that in reality is just worth a few bucks at most. But the thing is, the whales that control the majority of the circulating coins, will be the first to initiate a massive selloff. The majority of the people that sell after that, will end up selling at a loss just to prevent even more losses. It will be a complete bloodbath where people will see millions and millions of invested funds vanish -- I already feel sorry for them.

Situation with Ethereum price looks became more crazy with Bancor crowdsale. Within one day price had rised from 0.11 to 0.14 BTC. People wanted to buy Etherium and sell BTC, as a result bitcoin lost 300$ of its value. If current ETH price is a bubble, i hope it will deflate back slowly not to shock people.

They are very slow


I also hope this happens, and are already happy to see the door of  $3000.

I agree, this is absolutely not news. This time the price of bitcoin has plummeted. But just as quickly renews. I hope that soon we will see a good puppy again and this topic will be relevant

Funny how news get obsolete too quickly in the crypto world. Few hours after the Bitcoin price is going below $2600 and Ethereum is below $350

Ethereum is a classic Pump n Dump {ScamCoin} The Founders and developers got some "cheap" coins early on with the pre-mine. They used

the pre-sale to pay for the development and themselves and now it is aggressively being pumped to make the maximum profit. I will stay away

from this Ponzi scheme, if I was you. They even sugar coated the deal by getting lawyer opinions and "no action" opinions in advance, but this is

just a smoke screen to fool investors. { The letters will not protect them }

Source :  https://www.youtube.com/watch?v=wUUVlatCvp0

I think for bitcoin the price getting to $3000 is a sign that it is really strong investments among investor. We have a country and there will be another added in July 1 (Australia). As for the ETH the price rise is really alarming. Now its almost $400 and maybe tomorrow someone will just dump huge amount of it causing it to plummet. As least, bitcoin crash is short lived, but I don't know about ETH.

Dump them all for ETH, you mistakenly mentioned Bitcoin was at $30 in Jan while it wasn't, maybe you meant ETH was at $30, now could you

Tell me if that's natural growth of any market to rise from $6 up to $400 in 3 month? tell me if that's not a pump, and the fact which there are

No guarantees for ETH to sustain, while Bitcoin has the strongest support that I have never seen in any other crypto.

No one can tell when it peaks, that's why loads of people lose money.

It's just another way of phrasing "buy low, sell high", which is basically the aim of every single trader ever.  Whether they actually end up doing it out of panic or because they don't know when the peak is, that's another matter.

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Naturally, I had assumed that the price of Ether was reaching its peak when it stabilised around $60, but I was completely wrong.

The price of Bitcoin this year has served as a constant reminder that I should take chances more often. When I wanted to invest a small amount -- but didn't -- it cost less than $30. On January 1, it was trading for over $1,000. On May 20, it broke the $2,000 mark for the first time.

And, today, the price of Bitcoin breaks another record, trading past $3,000 for the first time. It is a huge increase in less than half a year, and an astronomical increase compared to when I should have invested -- I wish I didn't know math for a second, because the price of Bitcoin today is 100 times higher. Ouch!

The price of Bitcoin hasn't evolved without some crazy fluctuations along the way though. For instance, in December 2013, Bitcoin broke the $1,000 mark for the first time, and a year later it was worth less than $450. That would have scared investors, but even if you bought Bitcoin for $30 and sold for $450 you would still have made a huge profit.

Robert X. Cringely wrote a very interesting article, called How to get rich trading Bitcoin, which shows that, basically, you really can't lose money investing in this cryptocurrency, as long as you don't buy when it peaks. Because it will drop in value sharply right after.

That happened today, as expected. From $3,000 it fell to just over $2,650, before rising again. The price varies, depending on the exchange, but at the time of writing this article you can see Bitcoin trading for around $2,750. It will rise and fall during the day, but I expect in the coming period to settle at a higher level.

What is very interesting about Bitcoin is that today's $3,000 mark was expected to be reached in 2017. However, because it happened so early in the year there is a chance that it could go even higher by the end of December. There are no guarantees here, so don't make any investments based on what people say, but it looks likely.

Bitcoin is not the only major cryptocurrency to break a new record today, as Ethereum reached an all time high as well, trading for over $400 just a few hours ago. Its evolution is even more interesting if you look at where it was a few months ago.

In early-January you could buy Ethereum for around $10. In mid-March, it was trading for around $20. And, since, the price has skyrocketed. Many people who have purchased Bitcoin when the price was right are now moving to Ethereum, because its price is rising faster than the price of Bitcoin. As a long-term investment, right now it makes more sense to bet on Ethereum.

I had a "Bitcoin moment" with Ethereum as well, last month. I wanted to invest when the price was around $80, but couldn't. There's a lesson to be learned here, and it's on the topic of exchanges.

Dealing with exchanges can be a massive pain due to verification. If you want to buy cryptocurrency without exchanging money through risky practices you have to use an exchange. There are many, but they all have one thing in common: verification.

The reason why I am mentioning this is that, if you want to invest today, take a look at all the exchanges that are available to you and start sending your documents to get your account verified. This can take weeks, due to the large volume of requests. Depending on where you live, you may not have access to all the major exchanges, although I would say that most let you trade cryptocurrency once you have it.

https://betanews.com/2017/06/12/btc-3000-eth-400/