ETH price soaring. Are you going to move some BTC into ETH? - page 117.

mtnsaa

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Quote from: kwukduck on February 08, 2016, 05:43:17 PM

Although I'm highly annoyed by the community ignoring the problems with bitcoin. Most of these alts are just a scam and a very bad investment at best.
Eth is definitely in this category of things to avoid. It's hyped like crazy right now by the loads of shills. We all know what happens after the hype.

IMHO the best bet is fixing bitcoin.

I definitely agree on fixing Bitcoin, if you read these threads Bitcoin is the best thing since sliced bread and the truth is adoption rate is terrible and technical issues pile up. It's still the top dog of course and it has proven its worth for years, the very small number of people who use it have trust in it too, and that's huge.

However I'm still on the fence on Ethereum, I don't know much in terms of technical knowledge but from what I understand it is indeed innovative and it has a chance to catch on and become a very big platform, which would be fueled by these tokens. So it's not so much as a Bitcoin killer in that sense. With that being said it's hyped and pumped to no end right now and the bubble will eventually pop, perhaps after the immediate release of Homestead. I think by then many will realize it didn't cure cancer and proceed to start the dumping.

solitude

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Flavor of the month shitty altcoin being shilled to no end. Will be forgotten in a month after the shills sell their bags and the retards hopefully realize there's only one crypto coin: bitcoin.

Then someone creates another shitty altcoin "bitcoin-killer" and the process repeats in a couple months.

kwukduck

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Although I'm highly annoyed by the community ignoring the problems with bitcoin. Most of these alts are just a scam and a very bad investment at best.
Eth is definitely in this category of things to avoid. It's hyped like crazy right now by the loads of shills. We all know what happens after the hype.

IMHO the best bet is fixing bitcoin.

richardsNY

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I will never sell any of my precious Bitcoins for an altcoin. And beside that, Ethereum price is probably in its very highs right now. It's just a matter of time before the price start to tank heavily.

The Sceptical Chymist

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OK one more thing: ETH doesn't have a wallet of its own? Am I correct about that? So if you buy it on, say, Poloniex you can't withdraw it anywhere?

mtnsaa

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Well Ethereum is not a Bitcoin killer per se, is much more than that, if Bitcoin was conceived as Internet's currency this is Internet's fuel if that makes any sense.

Ruzka

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I had brought in last month when it dropped to 250k and some more at 400k. I will probably sell the rest of my ETH in the next day or two and hopefully ready to get back in on the correction that has to come after these last few weeks. So in short no I am not moving any more bitcoin into eth I am moving bitcoin out Tongue

The Sceptical Chymist

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Everyone's looking for the next bitcoin, right? Or the coin that will overtake bitcoin. And from what I've read it seems ETH has the best shot. I'm very skeptical and I don't own any, as Yobit doesn't list it, else I might actually buy some for the hell of it. You never know.

mtnsaa

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Quote from: thms on February 08, 2016, 01:58:27 PM

Quote from: afbitcoins on February 08, 2016, 07:05:13 AM

* I didn't get any because I couldn't find a good wallet.

I'm using Kraken as an ETH wallet for now. One of the few exchanges that I feel confident in.

I've heard good thinks about Kraken, I'm on Polo, already sold my ETH share but may buy back if I see an opportunity. I also don't like exchanges but for altcoin trading it's impossible to install many wallets and for the love of god I couldn't figure out how Ethereum worked, too technical for me.

mtnsaa

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Quote from: SFR10 on February 08, 2016, 05:59:41 AM

I'm not a fan of investing in other alt coins after a price surge as usually these effects are temporary and will go back to the range it belongs in some time soon so I think only those who are into buying and selling would benefit from this and it's a short plan only so in my case, I won't be moving any amount into ETH.

I think the same way, I bought some ETH when it was around 550 and more and shorted my way up. But now I got out, I think this bubble is gonna pop somehow even if ETH is for real. Now, there's a slight chance that ETH will be better than BTC altogether in the sense of being a complete new disruptive technology and that's what many of us need to ask. If you think so, then you should throw as BTC as you can...haha

afbitcoins

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Quote from: thms on February 08, 2016, 01:58:27 PM

Quote from: afbitcoins on February 08, 2016, 07:05:13 AM

* I didn't get any because I couldn't find a good wallet.

I'm using Kraken as an ETH wallet for now. One of the few exchanges that I feel confident in.

I've lost funds by trusting exchanges (bitcoinica and to much lesser extent mintpal and cryptsy). Unless I find a good way to hold in my own wallet I won't go near it. (except in tiny play amount)

afbitcoins

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Ah well shows what I know, momentum found another leg up and eth is storming up again. However I still have no plans to switch any btc for eth.

thms

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Quote from: afbitcoins on February 08, 2016, 07:05:13 AM

* I didn't get any because I couldn't find a good wallet.

I'm using Kraken as an ETH wallet for now. One of the few exchanges that I feel confident in.

BitcoinHodler

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HODLing is an art, not just a word...

i think ETH can go higher but now it is dangerous to buy because it is on top of the pump period.

hector3115

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ETH going much higher. Its not some shitty alt. It's only beginning to unfold, there are lots of dapps being developed that are coming out this year.

Remember bitcoin's early days? When it was dicey and hard to find a safe walltet, that was when the bitcoin millionaires bought in!!!!

john2231

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Ethereum has potencial to grow fast i think i need to try this kind of altcoin maybe ethereum will be the next or second in bitcoin in the future..
I saw in the chart that the price of Ethereum is increasing fast in few weeks.. or months.. i hope after i buy it will increase more to make some profit with coin..

LFC_Bitcoin

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Umm, I literally have no intention of ever investing in ETH

RyNinDaCleM

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Legen -wait for it- dary

Yes, the divergence and triangle breakout target is almost hit are two big reasons. In normal bubble mode, these rules go out the window, but except for the LTC pre-halving pump, alts only truly bubble after BTC is well into it's bubble. Then there is also the inverse correlation that has been going on for a long time now. It's gotten a little murky lately, but I think it's because btc correcting in a long complex, and sideways way. Right now, it is about time for ETH pumpers to take their BTC profit for the next BTC pump. Good luck with those longs!

MatTheCat

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Quote from: thms on February 08, 2016, 12:04:10 AM

Maybe moving some % of BTC into ETH is a good diversification strategy, while it's cheap?

Fuck me.

Talk about the old adage of the public buying high, and selling low.

Raging negative divergence is building in ETH and it's move up is about done. Smart Money got in down at 0.001, and will be cashing out hand over fist at 0.01 Just cos you can get 100 ETH for 1 BTC, don't necessarily make it cheap!

yefi

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Quote from: RyNinDaCleM on February 08, 2016, 12:22:31 AM

Don't do it!!

High probability that it won't break .01. BTC won't rally until ETH finishes somewhere above 008

Edit:
While what's cheap? ETH? Ha, it's up 400% and you think NOW is the time to buy?

Surprised you think that. The thing's been developing into a classic bubble, and a surge above .01 seems entirely possible.

Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 117. (Read 198796 times)