Bitcoin reached 10k USD, where Ethereum come at 352 USD

pooya87

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Quote from: philipma1957 on September 11, 2020, 05:35:16 PM

Eth is the lever that is used to help boost btc demand.
many pools allow auto-vert of eth to btc. in fact nicehash insists that all the eth you mine must become btc.
So if eth goes up higher then btc it drags the btc price upwards.

lol, not at all.
majority of people including miners (traders, investors,...) all want to make more bitcoin. many of the miners don't want to or can't buy ASICs to mine bitcoin so they mine all kinds of shitcoins with their CPUs and GPUs because it is easier and sometime if that shitcoin pumps they make more profit (which they can also switch from shitcoin to shitcoin) but they all want to have bitcoin in the end.
so these mining pools are making it easier by taking their share for converting all those mined shitcoins to bitcoin.
the total amount is not high enough to affect bitcoin price let alone be considered "boosting btc demand"!!!

Ridwan Fauzi

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Quote from: sdsfghfff on September 06, 2020, 12:17:45 PM

Bitcoin reached 10k USD: The price of bitcoin dropped from 12050 USD to 10,223 USD. In just two days, bitcoin came down by over $2000, and once again, investors got a chance to buy bitcoin below 10 thousand. On Thursday, bitcoin hit 9000 after five weeks.

https://www.currencytimes.co.in/bitcoin-reached-10k-usd-where-ethereum-co/

There are some startegies to know where the market will move, like the candlestick pattern, chart pattern and also with uss trend line level. If you know them, you will be aware of the bearish and bullish market. Like this time, I'll predict that bitcoin will face a bearish market at least for this week. Take a look with the daily time frame, the candle that will be formed is bearish engulfing so I'll expect that bitcoin will down first and after that the bull run will come back again.

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Quote from: Janation on September 16, 2020, 05:16:42 AM

Quote from: okala on September 15, 2020, 02:18:01 AM

This market is a volatility one and what you see happening has happened several times in the past. Those of us that are familiar with his market has seeing this pump and dump of the market several times and those that are wise and patience are market they money through this up and down.

It will just go back again to that certain price.

The resistance can't be broken so I think it is really obvious that it will just go back. But despite that fall, it is not that low really, right now we can see the price going back to $11K again. I think in no time we will be going back again to a price challenging $12K again. Think of it as a swing investors took so they could break the price of $12K.

So far the resistance at 10800 is strong as per the TA so we are not going to dump huge unless there is some unfortunate situation like manipulations in the market.But there is no certain price its just depends on the current market condition.

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Quote from: okala on September 15, 2020, 02:18:01 AM

This market is a volatility one and what you see happening has happened several times in the past. Those of us that are familiar with his market has seeing this pump and dump of the market several times and those that are wise and patience are market they money through this up and down.

It will just go back again to that certain price.

The resistance can't be broken so I think it is really obvious that it will just go back. But despite that fall, it is not that low really, right now we can see the price going back to $11K again. I think in no time we will be going back again to a price challenging $12K again. Think of it as a swing investors took so they could break the price of $12K.

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Quote from: Republikcoin.com on September 15, 2020, 01:27:18 AM

It's been almost 2 weeks, it looks like bitcoin price is still hard enough to hit the $ 12k price again. So far, bitcoin's price movement is still trying to hit the $ 11k mark again, while ethereum is trying to hit the $ 400 mark again. Based on the speculation made by the Cointelegraph team, the price of bitcoin could reach a price of $ 9835 if the price dumped again, and could go back up to the $ 11k level if there was a pump, even back to the price of $ 12k. I tend to be optimistic in the opinion that the price can be even higher.

Since yesterday, bitcoin price is hard to rise and break $11k, but this day, the price seems to get a pump, and that can push the price to increase for a bit.
I hope that this weekend, the price can start to rise, even the price will get another rally to $11k and break $12k, which is not happening for some time.
If the dump comes again, I am afraid that bitcoin price won't stay at $10k, and the speculations from Cointelegraph can become real.
But I don't expect that will happen later because I am sure the price can increase back.

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Bitcoin itself is right now around $10.9k which means it is very close to $11k, while everyone expected bitcoin to fall to under $10k, it is once again going over 11k which was price just two weeks ago, and price of ethereum is around 375 dollars right now, close to 400 dollars which was the peak recently as well.

So, as you can see we did had a very good few days, we are actually finally going up again, basically going back to where we were couple weeks ago, we really did miss these levels. I am just hoping that next time bitcoin is over $11.5k price and ethereum is over 400 dollars, we do not go down and we do not wait around too much, I just want to see movements and I just want to see hype, if we go above like $12.5k for bitcoin and around 450+ for eth that would be great.

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Quote from: Republikcoin.com on September 15, 2020, 01:27:18 AM

It's been almost 2 weeks, it looks like bitcoin price is still hard enough to hit the $ 12k price again. So far, bitcoin's price movement is still trying to hit the $ 11k mark again, while ethereum is trying to hit the $ 400 mark again. Based on the speculation made by the Cointelegraph team, the price of bitcoin could reach a price of $ 9835 if the price dumped again, and could go back up to the $ 11k level if there was a pump, even back to the price of $ 12k. I tend to be optimistic in the opinion that the price can be even higher.

lets see what's happen in 4th quarter,Just give market a break now though Bitcoin is sitting at $10,700 now and still trying
to climb up more while ETH seems stagnant at $375 price.
and maybe the next time we climb up $12k will be the stepping ground to reach 15k again and much even more
as the year is fading now.

Quote from: okala on September 15, 2020, 02:18:01 AM

This market is a volatility one and what you see happening has happened several times in the past. Those of us that are familiar with his market has seeing this pump and dump of the market several times and those that are wise and patience are market they money through this up and down.

Those have no big understanding in this market are those who ask frequently are those people who has no knowledge how this market goes on and down.

okala

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This market is a volatility one and what you see happening has happened several times in the past. Those of us that are familiar with his market has seeing this pump and dump of the market several times and those that are wise and patience are market they money through this up and down.

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It's been almost 2 weeks, it looks like bitcoin price is still hard enough to hit the $ 12k price again. So far, bitcoin's price movement is still trying to hit the $ 11k mark again, while ethereum is trying to hit the $ 400 mark again. Based on the speculation made by the Cointelegraph team, the price of bitcoin could reach a price of $ 9835 if the price dumped again, and could go back up to the $ 11k level if there was a pump, even back to the price of $ 12k. I tend to be optimistic in the opinion that the price can be even higher.

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Quote from: jrrsparkles on September 10, 2020, 03:48:22 PM

Another Defi scam project stole 20 million dollars from investors, will this going to affect the market again?

I think this will affect the whole crypto market for short time since this is more emotion driven market, whales miggt dump the coins again to create FUD and make the chain reaction of panic selling.

This DeFi bubble is going to burst sometime soon. And last time also, we saw what happened to the Ethereum exchange rates once the IEO bubble burst. There is going to be a very significant correction (anywhere from 30% to 50%) and prices are going to remain at low levels until the next hype appears at the horizon. Any delay from the ETH 2.0 rollout will make matters even worse.

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Quote from: usekevin on September 14, 2020, 06:54:32 PM

Quote from: sdsfghfff on September 06, 2020, 12:17:45 PM

Bitcoin reached 10k USD: The price of bitcoin dropped from 12050 USD to 10,223 USD. In just two days, bitcoin came down by over $2000, and once again, investors got a chance to buy bitcoin below 10 thousand. On Thursday, bitcoin hit 9000 after five weeks.

https://www.currencytimes.co.in/bitcoin-reached-10k-usd-where-ethereum-co/

Now the price of Ethereum is slowly back to normal. It means, we can able to see the maximum rise soon. Now the price had increased to 376$, really it high compared to old 325$ or 340$.So only holding now will make you a sense. It may increase your profit, if you hold Eth with a patience. All the time, holding people wins the race with some profit.

Don't expect a max maximum since we never know what will come on next following days and although we can still the possibilities that it will go thru the last ATH trajectory still we need to set some safeguards to sell when the market collapsed since in my opinion maybe we can see more a pump and dump scheme these days and its good opportunity to us to earn.

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Quote from: sdsfghfff on September 06, 2020, 12:17:45 PM

Bitcoin reached 10k USD: The price of bitcoin dropped from 12050 USD to 10,223 USD. In just two days, bitcoin came down by over $2000, and once again, investors got a chance to buy bitcoin below 10 thousand. On Thursday, bitcoin hit 9000 after five weeks.

https://www.currencytimes.co.in/bitcoin-reached-10k-usd-where-ethereum-co/

Now the price of Ethereum is slowly back to normal. It means, we can able to see the maximum rise soon. Now the price had increased to 376$, really it high compared to old 325$ or 340$.So only holding now will make you a sense. It may increase your profit, if you hold Eth with a patience. All the time, holding people wins the race with some profit.

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Quote from: buwaytress on September 12, 2020, 07:42:02 AM

Quote from: jrrsparkles on September 10, 2020, 03:48:22 PM

Another Defi scam project stole 20 million dollars from investors, will this going to affect the market again?

I think this will affect the whole crypto market for short time since this is more emotion driven market, whales miggt dump the coins again to create FUD and make the chain reaction of panic selling.

Where have all the holders gone? Still where they always have been. I know a lot of talk going on about Bitcoin Defi (whatever that really means) but I think Bitcoin users and holder are, thankfully, a lot wiser than that.

Patience always wins in the end. I think the long-termers aren't emotionally affected by this Defi so much.

Next, please.

Yes, having patience in cryptocurrency market is always a must. Defi projects are a part of the network, when something in the cryptocurrency market gets to be a scam automatically the network gets affected. This will cause some downward deflection in the market. However the market used to recover once after crashing, and the long term holders are the one to be on the safer side.

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Quote from: jrrsparkles on September 10, 2020, 03:48:22 PM

Another Defi scam project stole 20 million dollars from investors, will this going to affect the market again?

I think this will affect the whole crypto market for short time since this is more emotion driven market, whales miggt dump the coins again to create FUD and make the chain reaction of panic selling.

Where have all the holders gone? Still where they always have been. I know a lot of talk going on about Bitcoin Defi (whatever that really means) but I think Bitcoin users and holder are, thankfully, a lot wiser than that.

Patience always wins in the end. I think the long-termers aren't emotionally affected by this Defi so much.

Next, please.

crzy

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We have reached the bottom of correction and I think we are going to pump again and play the level of $11k. We should not panic on this, but while still you can because the chance to reach bull market is still here. If bitcoin sustain its level above $10k then my prediction is good, but if goes lower then the sideways trend will happen in the next months. Take your research seriously and know when to buy and sell on a very volatile market.

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Quote from: pooya87 on September 06, 2020, 11:44:45 PM

Quote from: btc_angela on September 06, 2020, 08:36:27 PM

Who wouldn't want to get some cheap ETH, specially for those who have missed the boat.

"cheap" is a very complicated concept when it comes to altcoins specially when you are looking at USD value of them. majority of the altcoins aren't really traded against USD but mainly against BTC so obviously majority of traders are investing their "bitcoin" in altcoins. ETH is not an exception.

even if we ignore that and only focus on USD values, a quick comparison between their USD value and bitcoin USD value shows that altcoins have never been "cheap" specially in the long run. in fact most of them are super expensive and overvalued.

take ETH that you mentioned here. 4 years ago in 2016 when bitcoin was starting its rise after the halving was done and it was sitting at $400, ETH was sitting at 0.035BTC and today after 4 years it still has pretty much the same value around 0.03BTC and it is currently pumped!
and if you had put the same fiat in ETH instead of BTC after 4 years you would be in a loss even though your fiat has grown.
and that's with the current pumped ETH price, keep in mind ETH has unlimited supply and can't keep its price up in the long run due to inflation alone.

Eth is the lever that is used to help boost btc demand.

many pools allow auto-vert of eth to btc. in fact nicehash insists that all the eth you mine must become btc.

So if eth goes up higher then btc it drags the btc price upwards.

As a miner. I mine eth at nice hash and auto vert to btc.

for 4600 i can buy enough gpus to mine 24 usd a day. burning 2000 watts.
for 4600 i can buy enough btc asics to mine 17 usd a day. burning 6000 watts .

so same out of cash i get 7 usd extra. and I also save 4000 in watts.

this is a tremendous disparity in favor of GPU mine eth at nicehash and autovert to btc

when miners such as myself do this is causes a run on older already mined btc. since we mined eth and trade it to btc.

so high profits for eth mining ⛏ really helps out btc price.

these out of wack ratios have not been around in a few years. mostly in 2016 and 2017.

and coins went to the moon.

I expect a lot of eth this year to act as stimulus for btc price. we will see what happens.

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Quote from: jrrsparkles on September 10, 2020, 03:48:22 PM

Another Defi scam project stole 20 million dollars from investors, will this going to affect the market again?

Nah, bitcoin investors are smart, they are not into the DeFi thingy, well just to make money and then get out and move back to bitcoin.

Quote from: jrrsparkles on September 10, 2020, 03:48:22 PM

I think this will affect the whole crypto market for short time since this is more emotion driven market, whales miggt dump the coins again to create FUD and make the chain reaction of panic selling.

Again, if all of us are just smart here, this kind of news shouldn't affect us. And we all know that DeFi is such a hype today that we shouldn't be surprised if scammers are taking advantage of it to pull a exit scam.

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Another Defi scam project stole 20 million dollars from investors, will this going to affect the market again?

I think this will affect the whole crypto market for short time since this is more emotion driven market, whales miggt dump the coins again to create FUD and make the chain reaction of panic selling.

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Ethereum also has its own world, which is why normally it doesn't change depending on bitcoin that much, of course if the market as a whole moves a lot that changes ethereum as well but that is only on major whole market changes, not just depending on bitcoin itself.

However even though ethereum has its own world, it is still an altcoin and when bitcoin moves to one side, eventually it takes all others with it as well no matter how big they are, bitcoin all by itself is over 50% of all crypto, you can't expect ethereum to challenge that for a long time. Obviously I wouldn't want ethereum to be tied to bitcoin too much, I do not want any coin to be tied to any coin, I want them all to be independent, that would be a lot better for us, but that doesn't seem to be happening so far.

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I like and really want Bitcoin. Even bitcoin is volatile but its overall growth is amazing. From penny to thousands of dollars!!! In 2020 we have already seen Bitcoin's bull market $4,000 to $12,000, my opinion is that if the price moves lower then we may just get another chance to buy bitcoin at low price.

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Quote from: ryap12 on September 08, 2020, 07:52:29 AM

I thought I was the only one who noticed regarding the difference. ETH is no longer that bad whenever BTC falls, right? Unlike before that the percentage and difference is huge. I think people have become confident on holding on to their ETHs and no longer are afraid of dumps. Good eye.

I'm using CoinGecko but it tells a different story from what I'm seeing -22.7% for Ethereum compared to Bitcoin which is only -14%, Ethereum has a huge dump between the two top coins in the market, I'm still comfortable holding both coins I know that this temporary and both coins will have another pump but not much hope for another all time high this year.

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Quote from: GreatArkansas on September 07, 2020, 06:30:30 PM

Quote from: LUCKMCFLY on September 07, 2020, 05:42:20 PM

Well, it is to be assumed that when Bitcoin falls in price, all altcoins go down or bleed out a lot, ETH falls per market share, when Bitcoin is in a bullish trend, altcoins tend to fall in price, but then they increase, that is why they always It is good to buy altcoins when Bitcoin has confirmation of being bullish and to buy altcoins on the pullback it makes, that is the best time to buy Bitcoin.

For me, Ethereum got much lower impact when Bitcoin is dumping, compare to other altcoins like around top 10 and so on, the dumps on them are really insane. On last price action run when Bitcoin reach around $12, 000 and Ethereum is on around $460, Ethereum got the more gains here.
I am glad now the Bitcoin dominance is back around 60%, for sure, we will make another support here for Bitcoin dominance.

I thought I was the only one who noticed regarding the difference. ETH is no longer that bad whenever BTC falls, right? Unlike before that the percentage and difference is huge. I think people have become confident on holding on to their ETHs and no longer are afraid of dumps. Good eye.

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Quote from: piebeyb on September 07, 2020, 01:01:18 AM

The price of bitcoin won't go very far with the $ 10k mark, so the chance to buy cheaper for investors is right now, if it will go below $ 10, I don't think you will get and see it again under $ 10 in the future, there are only a few weeks to go. make a decision, while ETH he will not really grow well with the price of bitcoin if they are not really serious about dealing with the problem of transaction fees

Not to be a pessimist but we are not yet assured of how will this market price behave for the remaining months of this year. But it is indeed a good thing that the market price is still in 5 digits at this moment which is seomething that could be hanged our hopes with.

Quote from: LUCKMCFLY on September 07, 2020, 05:42:20 PM

Well, it is to be assumed that when Bitcoin falls in price, all altcoins go down or bleed out a lot, ETH falls per market share, when Bitcoin is in a bullish trend, altcoins tend to fall in price, but then they increase, that is why they always It is good to buy altcoins when Bitcoin has confirmation of being bullish and to buy altcoins on the pullback it makes, that is the best time to buy Bitcoin.

If i'm not wrong many alts have outperformed Bitcoin when it comes to rate of increase in the recent uprise movement of the market prices. Some of them remained unharmed when the market pricr of Bitcoin suddenly fell. We may still be on "track" and our hopes for a great year for this industry is still on its feet once again.

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Quote from: LUCKMCFLY on September 07, 2020, 05:42:20 PM

Well, it is to be assumed that when Bitcoin falls in price, all altcoins go down or bleed out a lot, ETH falls per market share, when Bitcoin is in a bullish trend, altcoins tend to fall in price, but then they increase, that is why they always It is good to buy altcoins when Bitcoin has confirmation of being bullish and to buy altcoins on the pullback it makes, that is the best time to buy Bitcoin.

For me, Ethereum got much lower impact when Bitcoin is dumping, compare to other altcoins like around top 10 and so on, the dumps on them are really insane. On last price action run when Bitcoin reach around $12, 000 and Ethereum is on around $460, Ethereum got the more gains here.
I am glad now the Bitcoin dominance is back around 60%, for sure, we will make another support here for Bitcoin dominance.

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Well, it is to be assumed that when Bitcoin falls in price, all altcoins go down or bleed out a lot, ETH falls per market share, when Bitcoin is in a bullish trend, altcoins tend to fall in price, but then they increase, that is why they always It is good to buy altcoins when Bitcoin has confirmation of being bullish and to buy altcoins on the pullback it makes, that is the best time to buy Bitcoin.

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Quote from: Oasisman on September 07, 2020, 05:43:04 AM

That's because of the DeFi hype. Since most of these applications are built on Ethereum, so this somehow gives a boost to ETH in the crypto market.
Under $200 price doesn't seem close to be happening today. Nobody knows, but since DeFi was having an ICO-like hype then everything seems fine with ETH.

Even Ethereum 2 has an impact on the ETH price in my opinion. A race to collect more than 32 ETH.

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I really expected a bitcoin fall however I really didn't see the ethereum fall at all. It is right now around 330 dollars already, down another 10%ish from the OP posted, so it is really not doing great at all.

I definitely saw it going under 400, that made sense, even 370ish levels were logical, but to go towards 330 dollars is a very dangerous thing. That is really scary low and at the risk of going under 300 dollars, not something we would want, there are levels in crypto prices and when it goes under that level we are talking about going there for a long time, one example would be bitcoin going under 10k means there is a chance it can't go above 10k that quickly usually, and when eth goes under 300, that is a level it can't go back up very quickly neither.

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Quote from: Kemarit on September 06, 2020, 08:31:41 PM

Quote from: batang_bitcoin on September 06, 2020, 05:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

Same here, I thought that at least Ethereum will go below $300 at least and Bitcoin below $10,000.

I guess the we are really in a bull run, it's just the market take a rest during the weekends. Now we have seen some good bounce back specially from top altcoins, but still Bitcoin supports holds at five digits and the price didn't go below it. So it is going to be interesting as how the market will move this week. Hoping for a slow recovery to 10,500-$10,800 and then hold on that until the 2nd-3rd week of this month.

Not surprising for bitcoin, it just happened to go below $10,000. Start of the week and it's going to be another week to see some volatility again. I'm starting to think if the rest will be successful for bitcoin. It looks disappointing staying on $10k and hovering to somewhere in $9950 but it's bitcoin.

Quote from: slaman29 on September 07, 2020, 05:12:06 AM

Quote from: batang_bitcoin on September 06, 2020, 05:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

Yes they do, it's called their job actually:) Journalists get a lot of flack these days for putting out news, but come on, you read the news, and they're supplying the news, right? Let's leave them be, at least this one didn't come up with ultra silly reasons for coming up with those numbers. Now those I really hate!

Sometimes they create articles like that, unreasonable and far from reality. Anyway, yeah, let's leave them like that.

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Quote from: batang_bitcoin on September 06, 2020, 05:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down?

Well yeah, that's kinda normal. Crypto market is based on speculations, fundamentals, news, and technical analysis. So, that's already expected everytime there's a significant movement specially with Bitcoin, ETH, and other top coins.

Quote from: batang_bitcoin on September 06, 2020, 05:36:34 PM

Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

That's because of the DeFi hype. Since most of these applications are built on Ethereum, so this somehow gives a boost to ETH in the crypto market.
Under $200 price doesn't seem close to be happening today. Nobody knows, but since DeFi was having an ICO-like hype then everything seems fine with ETH.

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It was obvious that Sushi was something to do with pump and dump. Now the reputation of DeFi will be partly ruined with pizza and hotdog.
For those who did not know, the price of DeFi project Hotdog dumped from $6k to 1 dollar in 5 minutes. So many people fcuked up right now. For the DeFi projects, gaining a trust back will be a long process.

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Quote from: batang_bitcoin on September 06, 2020, 05:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

Yes they do, it's called their job actually:) Journalists get a lot of flack these days for putting out news, but come on, you read the news, and they're supplying the news, right? Let's leave them be, at least this one didn't come up with ultra silly reasons for coming up with those numbers. Now those I really hate!

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The price of bitcoin won't go very far with the $ 10k mark, so the chance to buy cheaper for investors is right now, if it will go below $ 10, I don't think you will get and see it again under $ 10 in the future, there are only a few weeks to go. make a decision, while ETH he will not really grow well with the price of bitcoin if they are not really serious about dealing with the problem of transaction fees

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Quote from: sdsfghfff on September 06, 2020, 12:17:45 PM

Bitcoin reached 10k USD: The price of bitcoin dropped from 12050 USD to 10,223 USD. In just two days, bitcoin came down by over $2000, and once again, investors got a chance to buy bitcoin below 10 thousand. On Thursday, bitcoin hit 9000 after five weeks.

This is normal, a huge retracement is to be expected when the cme gap last time was 9600 but ended still above 10k. Anway thats gonna be a huge rally whether we can go back again or surpass this entry or finally we go down the road of 10k below.

Quote from: btc_angela on September 06, 2020, 08:36:27 PM

Who wouldn't want to get some cheap ETH, specially for those who have missed the boat. Although the best time is like 2 years ago when it goes down, as low as $80. But still at $200, still a lot of wiggle room and potential to make profits even if it just touches it's current all time high. But ETH's investors are really very bullish about it.

Actually they are really naive to keep buying now while the price is already been high. 300 per eth is still high like it was down on at least below 100 before whoch is a time to accumulate. Anyway thats how trader attitude buy when its increasing and sell when its going down.

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Quote from: btc_angela on September 06, 2020, 08:36:27 PM

Who wouldn't want to get some cheap ETH, specially for those who have missed the boat.

"cheap" is a very complicated concept when it comes to altcoins specially when you are looking at USD value of them. majority of the altcoins aren't really traded against USD but mainly against BTC so obviously majority of traders are investing their "bitcoin" in altcoins. ETH is not an exception.

even if we ignore that and only focus on USD values, a quick comparison between their USD value and bitcoin USD value shows that altcoins have never been "cheap" specially in the long run. in fact most of them are super expensive and overvalued.

take ETH that you mentioned here. 4 years ago in 2016 when bitcoin was starting its rise after the halving was done and it was sitting at $400, ETH was sitting at 0.035BTC and today after 4 years it still has pretty much the same value around 0.03BTC and it is currently pumped!
and if you had put the same fiat in ETH instead of BTC after 4 years you would be in a loss even though your fiat has grown.
and that's with the current pumped ETH price, keep in mind ETH has unlimited supply and can't keep its price up in the long run due to inflation alone.

btc_angela

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Who wouldn't want to get some cheap ETH, specially for those who have missed the boat. Although the best time is like 2 years ago when it goes down, as low as $80. But still at $200, still a lot of wiggle room and potential to make profits even if it just touches it's current all time high. But ETH's investors are really very bullish about it.

As for our beloved BTC, no need to worry, it will recover, it is very resilient to this kind of downturn that the bounce back will be bigger than the last downtrend. So I'm expecting like 20% bounce in the coming weeks.

Kemarit

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Quote from: batang_bitcoin on September 06, 2020, 05:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

Same here, I thought that at least Ethereum will go below $300 at least and Bitcoin below $10,000.

I guess the we are really in a bull run, it's just the market take a rest during the weekends. Now we have seen some good bounce back specially from top altcoins, but still Bitcoin supports holds at five digits and the price didn't go below it. So it is going to be interesting as how the market will move this week. Hoping for a slow recovery to 10,500-$10,800 and then hold on that until the 2nd-3rd week of this month.

batang_bitcoin

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Quote from: Botnake on September 06, 2020, 05:52:12 PM

Quote from: batang_bitcoin on September 06, 2020, 05:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.

That's how fast bitcoin will recover if the market is bullish, so any dump is an opportunity, and probably those who get panic have already regretted if they will see bitcoin will once again climb to $12,000.

I've seen people who are trying to get attraction and keep on saying on social medias that bitcoin will eventually go back to $5,000 and lower. They've missed the ride so they would like to buy it at cheap price again.

Quote from: Botnake on September 06, 2020, 05:52:12 PM

Quote from: batang_bitcoin on September 06, 2020, 05:36:34 PM

I thought that it is going behind and under $200+ again but fortunately, it didn't.

It's unfortunate for me, lol.. I was thinking it could go down more, not because I don't trust and I want ETH to fail but because of the opportunity it could give. The lower price we can accumulate ETH's value, the higher profit we will get in a short term. EASY!

Anyone who wants it lower does have only one reason. And that is to buy at those low price to keep more on their side but ETH is quicker to recover this time.

Botnake

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Quote from: batang_bitcoin on September 06, 2020, 05:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.

That's how fast bitcoin will recover if the market is bullish, so any dump is an opportunity, and probably those who get panic have already regretted if they will see bitcoin will once again climb to $12,000.

Quote from: batang_bitcoin on September 06, 2020, 05:36:34 PM

I thought that it is going behind and under $200+ again but fortunately, it didn't.

It's unfortunate for me, lol.. I was thinking it could go down more, not because I don't trust and I want ETH to fail but because of the opportunity it could give. The lower price we can accumulate ETH's value, the higher profit we will get in a short term. EASY!

batang_bitcoin

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Activity: 3080

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Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

sdsfghfff

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Bitcoin reached 10k USD: The price of bitcoin dropped from 12050 USD to 10,223 USD. In just two days, bitcoin came down by over $2000, and once again, investors got a chance to buy bitcoin below 10 thousand. On Thursday, bitcoin hit 9000 after five weeks.

https://www.currencytimes.co.in/bitcoin-reached-10k-usd-where-ethereum-co/

Topic: Bitcoin reached 10k USD, where Ethereum come at 352 USD (Read 419 times)