Topic: ETH Is Touching Cloth Of $100 (Read 2661 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.

Maximalist thinking.

cryptocurrency will always belong to bitcoin and no one else, for eternity. if bitcoin die then eth will not survive.
paper money will always paper money, you can't have tree leaf to replace it.
bitcoin is flexible and will always retain to be the king, it will change when feel the threat.

What you're saying can only be true about things that have real value outside speculation and faith. Bitcoin is not the case. If bitcoin religion dies, what you consider cheap may soon become expensive.

who cares about them newbies panic?

do you care? obviously not, since you are a ETH bag holder who is praising it everywhere.

do I care? not at all, i actually love it when newbies panic. i keep telling them not to though. but when they do it is like heaven for me because i can buy super cheap coins and add to my stash.
from the recent panic i borrowed as much money as i could from anybody that i could and invested that in bitcoin and i made 38.5% profit in the course of 1 week and paid the money back and kept the huge profit!

do market makers (bitcoin) care? not at all. they are in fact responsible for the brainwash. they spread the FUD themselves to toy around with those idiots who believe them and make a gigantic profit.

and the only reason why panic occurs is because people are too lazy to check facts. if they read "bitcoin will split in 10 days and die" 1000 times they believe it without taking time to use their brain cells to think.

just hope the whales/pumpers decided not to dump their load yet when you still on their boat.

I can see the ETH is keep on rising, but not only ETH but some of the alt coin like dash and Monero really go berserk, the price could double in just a day, and there is a big possibilities that ETH is going to touch 100$, I think this year is really the rising of alt coin, it is a very good news for crypto currencies user

yes, they will exiting the weaker king(s) and will enter the stronger kingdom. weaker king(s) will becoming alt itself. this is going to be exciting time to witness, it just not happening soon enough.
this is going to be bloodbath era and people going to make so much money off of it.

this alone would creating self duplicated kings and eth would be in a very very long line to be the next king
eth is just not in the king bloodline.

Your logic would make sense with a market cap of few hundred millions or 1-2 billions max. As a king of crypto, it will just die, too much money at stake and people won't risk, they will just exit. Because there's nothing to win if it splits, the overall value of all forks would be lower, and all to lose.

it will creating king1, king2, king3 and king4 etc... the stronger genes will win. this also stronger reason for investors to keep their bitcoin in their wallet which will double, triple, quadruple their coins. it will come, it should be exciting time, not panic, only the whales/miners are fighting each others.

i think etheruem just reached the top, i smell a dump is incoming as we speak, i would not invest now, but maybe you believe it will go the same way as dash? i don't think so, there are simply not enough money to pump all this at the same time, i'm waiting for the dump to buy cheap ETH while buying cheap bitcoin thanks to the recent dump

You do realise that, unless it forks with 95-5% or something like that, it will die right ? Even a normal hardfork in bitcoin creates panic because people are brainwashed. But a 70-30 split would destroy it. The usual panic in crypto will be child's play compared to what's to come.

yes, soon or later bitcoin going to hard fork, this is why i said bitcoin is flexible and can be bend. it will creating king1 and king2.
altcoins are just bitcoin experimenting minions without knowing it.

Agree, which is why bitcoin will die if it loses the crown. If you want reserve you can go for fiat or USDT. Where, by the way, for more than a day eth had higher volume, and where atm is neck in neck with btc's volume. Also the fiat volume was higher for eth and it's happening more and more often. I won't put a conclusion to what i'm saying, may sound like hyping.

Indeed.  But "reserve currency" is the ONLY thing that lies potentially in the future of bitcoin.
I'm firmly convinced that the "scaling issue" will not be patched.  Unless by a hard fork, eth/etc all over, but then the king is already dead.

I think so ETH will touch $100 one day if BTC will reach to $3000 than it would happen for sure but with current trend it not looking possible. After correction price will dump to $35 in first attempt.

Depends how the scaling issue is patched and how late it will happen. Reserve currency means people believe in it, if what i said will happen reserve currency can't be happening either. Because bitcoin worked somewhat well as a reserve currency strictly because people had/have faith in bitcoin.

Being a reserve currency is on the same side of the barricade as being the crypto king. If the flood comes, both get drowned, you don't put your money into a "reserve" that's surely losing it's value.

Indeed.  But I don't think bitcoin will die.  It is just transforming itself into a reserve currency, and now smart money is speculating on the alts that will take over part of where it used to be king.

Well it appears the risk of losing all in the civil war is starting to worry people. And first mover advantage alone can't hold that back.

I don't see any fundamental driving the present price and people should be aware not to gamble too much on this. One day Ether might hit $100 but we should beware of rise like this. Just make sure you hedge your profit

Yep, bitcoin's internal war and the fact that bitcoin's risk / reward ratio is declining rapidly made people look for alternatives. The sentiment it's declining so rapidly, i'm amazed price hasn't followed yet. And also the bitcoin maximalists, most of them barely now noticed there are literally hundreds of projects out there actually, and all of them superior to bitcoin. Even in the bitcoin's reddit it's talk about ethereum. What was and still keeps bitcoin together is the faith in the first mover. But it's eroding so quick, won't even matter much.
I don't want bitcoin to burn and die, that would be bad for all the crypto. But if people manage to move their value away in time in other projects, then the cryptocurrencies will survive with just a different leader.

OH! i see. thanks for your explanation. i though this crypto ETH want to touching some king cloth. i was wondered what he's smoking and it must of been pretty good, crypto wearing king cloth.

I see that happening very soon as eth exponential upward price movement since last week is clear for every one to see. The early you buy eth now that the price is around $30 the better for you as a trading and investors. Eth may be the crypto currencies of the future. Bitcoin started like this and is now trading above $1000! Expect eth to pump to $100 very soon.

it means "I am hodling some bags of ETH and I want it to be pumped more so I put a lie in my topic subject so maybe I can contribute to the hyped up pump and dump my coins at a higher price to make more profit".
it may also be because the thickness of cloths in OP's world is different from us.

price is 0.044BTC or in other words about $49-$50 which means saying "Is touching $100" is a big fat lie. it is touching $51 at best. and a 2x rise is not something that you can achieve "after the pump" and ETH has been pumped recently and it needs to be dumped right now to burst the bubble.

oh, i see. it need to wear some kind of king cloth of $100?

It's on it's way to becoming the defacto crypto king.

what is a ETH Is Touching Cloth Of $100 mean?

ETH will soon be $100. I predicted that here and advised you all to bag some ETH while it was still cheap. I hope you listened because we are fast approaching $100. Again Spoetniktard was wrong and again he tried to fool you. Don't miss out, bag some ETH today.