Topic: ETH ... I see a problem (Read 1557 times)

I have all my ETH in my local wallet. I leave trading to the pros (they know how to short and long and margin trade), and after cryptsy I never leave any coin on an exchange. You are all aware that people are still waiting for DOGE to die?

agree.

There will be 6-8 major volume coin, and BTC holding the center.
And there can be 100s of niche coins.

However, $ETH is due for a huge horrible hangover bear, it never established a 'new' floor it is just hoping to hit the Billion dollar moon.  And as far as I know nobody has a local wallet, all the coins are on exchanges.

the biggest problem with Eth is the pump itself, because it has always been like this a new coin comes along and gets pumped as much as possible then becomes forgotten in a few months and dies in a year!

No one has monopoly with bitcoin.

If people wan't, they can invest in one of 1000 alts or maybe there is more at the moment.
 But people are driven by profit and when they accomplish their goal they will return to bitcoin again.
Because bitcoin is good for storing value these days.

that could be true but which coin could stand that don't turn out to be scam when most of the coins offers nothing with no adoption like benthach said?

I still think ETH is proving my theory we are more likely to see a handful of crypto assets with huge marketcaps rather than everything settling down with million dollar Bitcoins. Monopolies are not healthy and its good to diversify and bring in new markets & people, it benefits all crypto as a whole.

lol must be true though 

Well, first I commend you for a sly bit of verbal trickery to get people (and me!) to get exposure to the Transactive Grid work being done to connect microgrids (and larger?) together, and thereby help further the alternative energy movement.  Its good work.

But it has absolutely no impact on the price of Ethereum as I see it.

Also - just to clarify, my original coments on a wave of Fiat Cash getting ready to crash like a tsunami into the Crypto space was NOT aimed exclusively at Ethereum.  It's the whole space, but biggest winners being Ethereum and XRP/Ripple in near future.  Bitcoins future is still uncertain in my mind.  As with every opportunity I get, I will make my cursory dig at the untrustworthy, scumbag, retarded monkey idiots running that show.

And I guess I should clarify that the price of XRP, Ethereum, Bitcoin, and maybe a handful of other eventual surviving coins WILL INDEED Drop, or go into continual micro changes as it stabilizes, and having actually "Become THE NEW GLOBAL Currency(s)".  But that won't happen until Bitcoin is $10,000 - $100,000 / Coin, or Ethereum is $1000 - $10,000, or XRP say $100 - $1000.   For the foreseeable future things will simply steadily go up as this global transition plays out.  And yes, there will be trading ups and downs along the way - but the general path will be up.   But it won't be decades.  It will happen over the next 2 - 4 years.

i still stand ETH is just a get rich quick and the most liquidity coin around so the whales going mental on it.
most dumb people still think there is just too much things in this scam but in reality it offer nothing with no adoption, the shit is unadoptable.

But what about stuff like this? https://www.youtube.com/watch?v=CRlOophUDlg

Won't the price of ETH go down if they try to use it as the back end of the power grid?

OK, I will try and give this  a shot....

#1) You are stupid.  Might be genetic.  Could be a dietary deficiency.  Not sure.  But the fact that you are too stupid to think at a level deserving of consideration is rather obvious.

2) To give you a simple, extremely simple explanation..... it is Fiat Currency pouring into the market.  Right now if you added up ALL the cryptocurrency value, it would equal maybe 1/1,000 of 1 Percent of the entire Global Fiat Currency Supply.   And that entire Global Currency Supply is teetering on the brink of disaster.  And people, companies, traders, even governments are looking around and seeing steady increases in Crypto.  And they are seeing real world use cases.  And they are seeing $Billion$ of dollars of R&D, Investment Monies being thrown at the space.  And they are seeing the Obvious Trend in the world that technology and digital cash is the future.  And they are starting to educate themselves,a nd get wallets and dabble in that toe and buy a few coins, and they are telling their friends,a nd more people are reading stories about it and it is growing, and growing and growing.  Because the world is starting to take this seriously.

This is not about a handful of whales and an army of daytraders shuffling cryptocoins around, continually reapportioning a limited supply.   This is about a Huge Wave of Global Fiat Cash beginig to crash upon the CryptoShores our our world.   And what you see now in Ethereum is like a tiny little lapping wave that gets you toes wet, but behind it is the tsunami that comes.

DO YOU UNDERSTAND?

There's no cap on the amount of money that's being pushed around between various currencies in crypto. Eth brought quite a lot of new money into crypto.

Because they are on the wrong side of whatever coin they speculated on.

And I think some just like arguing.

But I don't see what all the fuss is about. Things are finally happening in crypto and people are not happy

Is the total crypto market expected to stay under $8bn forever and this will keep people happy? Or is BTC on it's own meant to take this market to $1tn and everything else SHOULD JUST GO AWAY AND DIE!!! (bearing in mind that BTC is just as imperfect as every other crypto as well - 1MB anyone???).

Why aren't some people enjoying watching things move after almost 2 years in the doldrums

I saw that as well, and LOLed hard.

ETH has become something of a contrarian BTC indicator. That should tell you something right there.

Eventually ETH can stand on its own with decentralized applications, but they do not justify this current run up in price. People are now using ETH as a hedge against a BTC decline. The honey badger has a little brother.

Why do you feel there is a problem? What if ETH is not like bitcoin?

In another thread someone posted that something was wrong with ETH because it did not follow BTC like LTC did. That logic confused me because I think that all cryptos should be acting independently of each other. I've followed the market for years and observed the peaks and valleys of all cryptos in the market as it (the market) fluctuates. They don't all peak or decline in unison (although some folks make broad statements about that sort of behaviour).

What is your expectation of ETH, and it's price, and it's volume?

who the fuck cares, we make profit

Your eth enthusiasm get's the better of you all the time.

Perhaps give him time to explain before jumping down his throat.  

Between spamming eth on every thread and throwing down hate on anyone not 100% favourable you're starting to  be well known as an eth pumper.

Eth is doing fine I don't think a few people on here asking a few questions are going to crush it anytime soon now.

I speculated already somewhere else that Chinese BTC owners / mining pools are buying ETH for domination of the planned PoS mining.

Bitcoin price does not move much or even declines a little because many are going to exchange their Bitcoin for Eth at the moment to ride the wave. When Eth drops we will certainly see a Bitcoin rise. That is the ABC of economics.