Topic: ETH Is Touching Cloth Of $100 (Read 2705 times)

Why anyone shorts in a market that is so robust and growing so fast is beyond me. What you should be shorting are bank stocks not cryptocurrency

I'm still holding as tight as I can. But if everything went as I planned it. I will have to sell it next week. Something big is coming up that I needed funds so I'm selling it when I feel that the price is good and I make profit out of it.

Sold right at 0.045 right before it really started pumping. I held it for a couple weeks. You win some you lose some I guess. Atleast I was in profit. I'm now waiting for it to come down a little.

I absolutely agree with this. I bought eth when it cost $16 and was saying from that time that we all should buy some eth. I think eth is a kind of currency which one should hold for a really good time. I believe it will cost hundreds of dollars when the PoS is implemented. So, I wouldn't sell even on the price of $100. The currency is just too good for that.

Man I want to kill myself now, because I shorted ETH on 0.051..stupid me yes, i am entered again on 0.059!! maaaan..i can not do nothing..its a bad karma...i always do wrong with ETH. please stop to sell low,buy high.

No don't do that. Are you familiar with the emperor's new clothes? I think Minecache means something like that.

Keep hodling.

Buterin handled that very well tbh, the fact that the exchanges stopped trading just shows how much infrastructure and support ETH has....
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It shows simply how centralized ETH is.   It is remarkable that the two coins just behind bitcoin now, are totally centralized private fiat coins: ETH and DASH.  They even kicked ripple aside.  Visibly, the market longs for crypto fiat.

indeed awe with eth price and a dash of experience climbing very sharply, many of which affect the price of eth increasingly ascending, and growth up from the use eth for ico. if it will increase up to 100$, no doubt bitcoin prices will also decrease, and this time too is the right to buy eth.

Buterin handled that very well tbh, the fact that the exchanges stopped trading just shows how much infrastructure and support ETH has....

A coin that has on track its creator crying on reddit so exchanges stop all trades in order to avoid the panic selling caused by an smart contract disaster which in return resulted in a rollback can never be king of anything. ETH is a mess pumped by big wallets, enjoy your 5 seconds of fame while they last.

You didnt pay attention to some fundamentals

People still think its a scam , hf losers , and watch ETH kick ass

Nothing.  But I think that the ETF failure, which has prevented bitcoin from really entering "big finance", and the difficulties of bitcoin's scaling, together with some guys like Ver pumping alt coins, has induced several things:
1) the belief that bitcoin is King for Ever in all of crypto and no altcoin will EVER be anything else but a useless toy, is falling.  Alt coins can be serious contenders ; maybe not to be King in the place of the King, but the King will not be able to solve everything.  So this has boosted enormously the potential credibility of alts

2) Bitcoin is becoming a more difficult vehicle to pump and dump, and big money can more easily pump alt coins.

1) and 2) together make that for alts now, the sky is the limit, as it was only conceivable with bitcoin.

In other words, bitcoin's perceived difficulties made altcoins more credible, and pumpers took advantage of this, but may have started a dynamics of themselves.

This is not due to any specific merit of any specific alt coin, because several of them pumped simultaneously.  This is just the realisation that the evident eternal and total hegemony of bitcoin is not so evident, and that alt coins are more credible than has been taken for granted until now.

In other words, bitcoin's absolute first mover advantage is eroding and the speculator money in bitcoin is diversifying.

2 months ago there wasn't https://www.infoq.com/news/2017/03/Enterprise-Ethereum that recognizes ethereum as the default blockchain and the development wasn't where it is now. Raiden will also come very, very soon. Then metropolis will come.
Vision paper of EEA: https://www.infoq.com/news/2017/03/Enterprise-Ethereum-Vision. You'll find there public chain compatibility, so depending on the project these corporations will work on, if needed or if there will be advantage, they won't hesitate to either deploy directly on the public chain or link their private chain to the public chain.
Ethereum is the elephant in the room in the blockchain scene, not bitcoin. True, bitcoin has higher value, but doesn't matter. USD didn't replace pound is global reserve currency as soon as it became dominant, but years after.

Random people know mostly about bitcoin, but people who matter and can change things aren't as interested in bitcoin as they are in ethereum.

What ETH didn't have 2 month ago that it has right now? 2 month ago price was under $8 why didn't you buy then? if you are buying now then you're an idiot being played by the manipulators, it's obvious that some people literally cashed out their bitcoins and bought ETH the marketcap can speak for itself.
People didn't come asking for btc in exchange for their ETH we went to them asking for it and so they refused to sell us at the prices that we wanted and price started to rise like crazy.

You said it in a shorter way...

Nope.  If the king splits, there is no king any more.  If the king is overtaken, there is no king any more.  Bitcoin is king because it was the first.  It is also technically the most primitive, but as long as the technical side didn't really matter, and was "good enough", it could maintain its first mover advantage.  Now, the technical clunkiness of bitcoin is hurting the projection of its impossible dreams: Alice buying coffee with bitcoin, the illusion that kept bitcoin flying and pushed the greater-fool game to 20 billions.
Alice never bought coffee with bitcoin, but now, the illusion becomes unsustainable.

Once the "King by grace of God" is gone, there is no king by grace of god any more.  There's just the "biggest crypto of the moment" notion, and the *correct* idea that a crypto currency is like any other thing: something that has to deliver economical value in the end, or lose to the competition.  As long as bitcoin was "King by grace of God", the competition was ridiculed, and Alice was going to buy her coffee with bitcoin.  Once the King is gone once, we know that no-one is going to remain king for ever. 

Now, monetary beliefs are based upon the irrational belief in eternity.  You cannot consider a monetary asset with finite life time (which is not redeemable against something else).  You cannot hope that people will have monetary belief in something that is programmed to stop working, say, 50 years from now.  Even though in reality it WILL stop 50 years from now.  The monetary belief needs the illusion of eternity.  Bitcoin's belief is the belief in bitcoin's eternity.  The idea itself that the last Satoshi will be mined 140 years from now, helps to feed that illusion.  Hence, you have to believe that bitcoin is going to be the King for eternity.  If it is only king for 10 years, no other king will be believed. 

This will bring down a lot of greater-fool-because-belief-in-eternal-value activity in crypto, down to its real, economic value: economic exchange where fiat cannot go.  And that's tiny.

Reserve for those big financial activities that are lawless/unregulated, and where fiat is difficult to use.

Crypto has no use where fiat can be used.  So a crypto reserve currency can only serve a purpose where fiat cannot be used.

Forget Eth now that ship has sailed. Yes it might hit $100 some point this year (x3) current price. Big woop 

I've just cashed out all my Eth and put it into Waves. Waves has just as much... if not a great deal more potential. Waves has a lot of advantages over eth especially considering coin supply. Waves currently sitting at around $0.30. The potential for waves to do a 10x or even a crazy 100x pump this years is there. My bags have switched sides now. I'm still tempted to buy up more cheap waves while i can! 

this is not extremist, it is just common sense. this is why we see dramas within bitcoin foundation, they will coming together when feel the threat.