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Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 111. (Read 198951 times)

full member
Activity: 179
Merit: 100
Damnit what are you waiting for?! Buy!! It's a new bubble!!
legendary
Activity: 1442
Merit: 1018
Perhaps it's a real shift, from the old guard (BTC) to the new?...

https://blog.ethereum.org/2016/02/09/cut-and-try-building-a-dream/
Quote
"The implicit promise of upgrading Bitcoin was to prove feasibility in a sidechain for a chance to have the functionality merged back into the reference client. This promise has yet to be fulfilled and the result is a proliferation of external experimentation. Although much hullabaloo has been made about “the developer that quit bitcoin“, obviously the Bitcoin community isn’t dead, nor is its intrinsic use as a scarce digital resource valueless. Satoshi is a hero for recognising how to string several technologies together to create a truth protocol that no one explicitly controls. But the dream for Bitcoin to be the only transformative technology has been dead for a long time. We should instead embrace our new reality and look forward to all the possibilities that this important first attempt enabled."

Right, because ETH makes sense from a transactional, monetary lens... :eyeroll:
full member
Activity: 150
Merit: 100
caeruleum arca archa
Perhaps it's a real shift, from the old guard (BTC) to the new?...

https://blog.ethereum.org/2016/02/09/cut-and-try-building-a-dream/
Quote
"The implicit promise of upgrading Bitcoin was to prove feasibility in a sidechain for a chance to have the functionality merged back into the reference client. This promise has yet to be fulfilled and the result is a proliferation of external experimentation. Although much hullabaloo has been made about “the developer that quit bitcoin“, obviously the Bitcoin community isn’t dead, nor is its intrinsic use as a scarce digital resource valueless. Satoshi is a hero for recognising how to string several technologies together to create a truth protocol that no one explicitly controls. But the dream for Bitcoin to be the only transformative technology has been dead for a long time. We should instead embrace our new reality and look forward to all the possibilities that this important first attempt enabled."
sr. member
Activity: 427
Merit: 250
I can't understand why people don't see that there is nothing special in ETH. Just duplicate its code base and you have your own ETH in case the original ETH is too expensive to fuel your software. Free market will make it unsustainable for the ether to maintain high prices because the only utility of ETH is to serve the purpose of a fuel in the automated contracts environment. When we take ETH as a store of value it immediately becomes as worthless as the 99% of altcoins because it does not have the first mover advantage BTC has.

Sometimes it's better not to understand and just jump on the train and ride it, before it leaves.
legendary
Activity: 1568
Merit: 1000
Unbelievable, 4 years ago 1 bitcoin costed 4.5$ and there were only less than 10 million of them mined. Now 1 ETH costs 4.33$ and there are 76 million of these, like 8x more. If there were 10 million ETH it would cost already ~30$ in bitcoin terms 5 years ago. Which, ironically, was a year (2011) when bitcoin crashed from 30$ to 2$. Expect ether to crash 15x from its current price. Or perhaps remember auroracoin, costing 90$ per AUR and is now 0.03$.

I can't understand why people don't see that there is nothing special in ETH. Just duplicate its code base and you have your own ETH in case the original ETH is too expensive to fuel your software. Free market will make it unsustainable for the ether to maintain high prices because the only utility of ETH is to serve the purpose of a fuel in the automated contracts environment. When we take ETH as a store of value it immediately becomes as worthless as the 99% of altcoins because it does not have the first mover advantage BTC has.

I don't know much about the technical aspect so please forgive me, but I think the potential in ETH is that the platform actually establish as a new way for everything so it's all connected. That way ETH will be needed and used (not like Bitcoin which doesn't have much use really, that's only what we Bitcoiners say but no common person need it for anything in real life and most likely never will).

So in that way, if banks, companies, services providers are all start to develop dapps fueled by ETH, then that figure is rather small. But I agree it's all up in the air of course...it sounds like skynet.
full member
Activity: 220
Merit: 100
I told you yesterday.

Prepare for misile launch. 0.015 is the new stop. Then corection and 0.02...
legendary
Activity: 2114
Merit: 1015
Unbelievable, 4 years ago 1 bitcoin costed 4.5$ and there were only less than 10 million of them mined. Now 1 ETH costs 4.33$ and there are 76 million of these, like 8x more. If there were 10 million ETH it would cost already ~30$ in bitcoin terms 5 years ago. Which, ironically, was a year (2011) when bitcoin crashed from 30$ to 2$. Expect ether to crash 15x from its current price. Or perhaps remember auroracoin, costing 90$ per AUR and is now 0.03$.

I can't understand why people don't see that there is nothing special in ETH. Just duplicate its code base and you have your own ETH in case the original ETH is too expensive to fuel your software. Free market will make it unsustainable for the ether to maintain high prices because the only utility of ETH is to serve the purpose of a fuel in the automated contracts environment. When we take ETH as a store of value it immediately becomes as worthless as the 99% of altcoins because it does not have the first mover advantage BTC has.
legendary
Activity: 1246
Merit: 1000
I'm still here holding strong...I'm speechless, almost $5...and broke 0.01 like it was nothing. I'm not sure what the price would be by the end of this week if this continues like this.

When confidence breaks, maybe a panic crash down to .0068, stabilize around .0080, then who knows.  Mexican standoff
sr. member
Activity: 289
Merit: 252
bagholder since 2013
Breaking 0.01 is historic.
newbie
Activity: 5
Merit: 0
Yesterday broke past .009 barrier, today past .010. It's a steady trend
legendary
Activity: 1568
Merit: 1000
I'm still here holding strong...I'm speechless, almost $5...and broke 0.01 like it was nothing. I'm not sure what the price would be by the end of this week if this continues like this.
sr. member
Activity: 392
Merit: 250
0.0105  Shocked

0.25 by the end of the year seems possible.

Everything seems to be possible at this stage. This continuing increase in price seems way to long for a regular pump and dump!
legendary
Activity: 1568
Merit: 1000
You can all talk whatever you want but I've bought some hours ago at around 90 when it was the same kinda talk and look now. ETH doesn't want to stop, it will at some point of course but I'm not shorting, I don't care. The minute I can't see it fall I'll sell and run with the profits because those are the rules.

However I still think the same way and if I were you I would get in as soon as I could. It's even easier now, if the floor is established it will be hard to fall below 0.01. I've bought at 90 where everybody was saying the dump would come at 0.01...

Only the DJ knows when the music ends.  You're not the DJ.

Don't get caught without a chair.

I know, I don't care if I get a small profit, I'll set my stop limits but what I mean it was worth the risk. I'm not shorting, just enjoying the ride, the minute this goes down (if it does...) and panic starts I'm out. I don't have too much money though...but for me is a big deal.

Then there's another perspective and I think this is not merely an isolated pump, there's merit in ETH and huge potential, Bitcoin already lost that, this is not another Bitcoin clone after all...
legendary
Activity: 1246
Merit: 1000
You can all talk whatever you want but I've bought some hours ago at around 90 when it was the same kinda talk and look now. ETH doesn't want to stop, it will at some point of course but I'm not shorting, I don't care. The minute I can't see it fall I'll sell and run with the profits because those are the rules.

However I still think the same way and if I were you I would get in as soon as I could. It's even easier now, if the floor is established it will be hard to fall below 0.01. I've bought at 90 where everybody was saying the dump would come at 0.01...

Only the DJ knows when the music ends.  You're not the DJ.

Don't get caught without a chair.
sr. member
Activity: 427
Merit: 250
0.0105  Shocked

0.25 by the end of the year seems possible.
legendary
Activity: 2464
Merit: 1145
that is what you call FOMO my friends  Wink
legendary
Activity: 1568
Merit: 1000
You can all talk whatever you want but I've bought some hours ago at around 90 when it was the same kinda talk and look now. ETH doesn't want to stop, it will at some point of course but I'm not shorting, I don't care. The minute I can't see it fall I'll sell and run with the profits because those are the rules.

However I still think the same way and if I were you I would get in as soon as I could. It's even easier now, if the floor is established it will be hard to fall below 0.01. I've bought at 90 where everybody was saying the dump would come at 0.01...
legendary
Activity: 1246
Merit: 1000
newbie
Activity: 19
Merit: 0
Houston we are clear for launch


.0104  Shocked
hero member
Activity: 729
Merit: 545
Ethereum broke up the 0.01BTC barreer !
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