At What Point Does it Make Sense to Sell BTC for ETH

Cryptopher

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Keep it dense, yeah?

Quote from: Za1n on October 10, 2017, 07:25:55 PM

Ethereum seems to be struggling to decide if it wasn't to stay above or below $300 right now. For the past month or so Ethereum was almost a carbon copy of Bitcoins price chart, only scaled down. The past few days this has decoupled a little bit as Bitcoin was climbing by hundreds towards its all time high Ethereum was actually going down slightly. Now that Bitcoin is pulling back a little Ethereum is also going down.

It seems that there is no correlation at all anymore so it may not be a good time to get into Ethereum right now until the bitcoin fork happens. As has been mentioned, interest in Bitcoin is now at a high because of the potential for free BTG coins due to the fork.

I think that there has been a decoupling of pretty much all alts and Bitcoin over the last month or so. It seems to be in a league of its own. Certain alts e.g. NMC and PPC were heavily reliant on trade from within BTC-e. Since that went down the prices struggled, and with the birth of WEX there is still too little activity in that space.

ETH seems to be full of promise, perhaps it will pick up again soon. Still can't believe that BTC hit the highs that it has.

Za1n

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Ethereum seems to be struggling to decide if it wasn't to stay above or below $300 right now. For the past month or so Ethereum was almost a carbon copy of Bitcoins price chart, only scaled down. The past few days this has decoupled a little bit as Bitcoin was climbing by hundreds towards its all time high Ethereum was actually going down slightly. Now that Bitcoin is pulling back a little Ethereum is also going down.

It seems that there is no correlation at all anymore so it may not be a good time to get into Ethereum right now until the bitcoin fork happens. As has been mentioned, interest in Bitcoin is now at a high because of the potential for free BTG coins due to the fork.

Jombitt

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Quote from: panorama on October 10, 2017, 06:19:27 PM

Bitcoin is having a pretty good run as everyone is buying in before the fork happens in a couple of weeks. However, ETH hasn't moved much, so it seems to be getting close to a point where it might make sense to sell BTC and buy ETH if you think things will normalize after the fork.

Of course, you'd miss out on the Bitcoin Gold if you did this.

At what point do you think this starts making sense?

Obviously other people want the free bitcoin gold so they will be hodling bitcoin more than the etherium. As the bitcoin price is surging again this will be a double profit for the bitcoin hodl. Lets wait after the fork if what impact he will do to the recent crypto world.

edynolan

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if you can withstand bitcoin until a hard fork happens and then exchange the bitcoin to ETH, we do not know whether the price in the market will go up or down so for now do nothing and save your bitcoin. just wait a little longer to redeem btc to another coin and all will be stable again

CriptoIngresos

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It's just impossible to predict how the market will react to a certain event, it's all about speculating and at least making sure that you have some basis on your speculation. Ethereum is one of the big coins, everyone is focusing on Bitcoin at the moment making the market have less demand for altcoins. ETH and other altcoins are indeed taking a hit because of this.

It's all about watching the market and seeing the options that you have, LiteCoin is an example of another coin that's undervalued in the market compared to what it's price was not long ago. I'd say not to go all in and just continue to watch the markets and accumulating in case of a substantial dip on ETH, after all ETH it's one of the most stable and respected cryptos out there so it's almost certain that in the long term there are going to be great positive returns, so it also depends on your outlook in terms of investing.

Florg

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I'm not that experienced with all of this stuff yet but here is my take:

It depends on whether you are looking at short or long term. If you are talking about short term, then go with whatever you think will gain the most profit in your set time period. Obviously nobody really knows for sure what is going to go up or down in these markets over a short term period. If you think that ETH is in a position to have a greater rise than BTC based on your research and intuition, then you should make the trade.

If you are talking about long term, you need to think about which you see has having more growth potential in the future. BTC and ETH are in some ways competitors, but they aren't aiming to accomplish the same goals. I think that you should align your portfolio with what you believe has long term viability. I personally don't see BTC or ETH disappearing any time soon, so I think they are both are good bets for the coming years. No idea about which one will perform better though.

I think BTC is established and gaining popularity among everyday people, while ETH is still only known to tech inclined people. That said, I think ETH has a great potential as a decentralized platform, although all the shitcoins being produced on it aren't helpful.

panorama

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Bitcoin is having a pretty good run as everyone is buying in before the fork happens in a couple of weeks. However, ETH hasn't moved much, so it seems to be getting close to a point where it might make sense to sell BTC and buy ETH if you think things will normalize after the fork.

Of course, you'd miss out on the Bitcoin Gold if you did this.

At what point do you think this starts making sense?

Topic: At What Point Does it Make Sense to Sell BTC for ETH (Read 238 times)