Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 22. (Read 198796 times)

I am also thinking of converting some of my bitcoins into ETH or ZEC.

Thanks yefi, call it luck though, it could have gone either way with Bitcoin falling ETH could have risen to $100 who knows. But in my experience when there's this kind of uncertainty in the markets all crypto suffer. Bitcoin is definitely sick and this just shows how delusional some people are, I still can't believe it's over $1k.

Not sure when to buy some back in honestly, it would be great to buy around $25 like I said but maybe I'm getting too greedy, let's see what happens with BTC.

I'm not going to move into ETH but I am going to invest in ETH as the price of bitcoin is falling.

It's a good move to migrate some of my bitcoin investments to ETH this is to secure my profit and will reduce the possible loss.

Actually I just followed what others are doing and as I can see it's effective when there's dump in bitcoin.

Hey, well done, hope you made a packet. I'm holding onto my ETH for now, but I've been selling my BTC stack - something I haven't done for over 3 years. I see dark clouds gathering with this hard fork mess.

Just sold to fiat more than 50% of my ETH, it was just too much already (and it could be hard to lose that kind of money for me). Sold at this last spike to 0.0416 and inmediately went into fiat.

I think with BTC fork looming, the crypto markets could suffer temporarily, at least in terms of fiat. I'll set some low buys at the "long" trendline around $25-30, seems impossible right now but oh well, I still have a lot

Those fundamentals that we saw are somehow strong that ETH would really have the potential to increase its price unexpectedly that's why its wise to buy it now since the price is still affordable if you wont take the risk you wont profit nothing at all.We are really doing the waiting game as of now.

I honestly don't think in BTC​ price terms anymore since I'm completely out of it for the moment. I may buy again when the situation clarifies but the price will most likely be below 1k and then some. I bought some Factom last week and like most top alts it has been performing great both in fiat and btc pairs.

As for Ethereum, Metropolis is coming in June, I don't think this kind of daily appreciation rate is sustainable however as you said, this can go very high, more than $100 in the next weeks or month without a doubt, there's no reason to think otherwise unless something unexpected happens, fundamentals are there and I'm sure there is plenty of institutional money.

Volume and buy support is through the roof, I'm not selling a single Ether yet and it will be very hard to do when the time comes.

It's not so scary for me. I bought previously around 0.02. This is a top-up so that I feel I've a reasonable insurance against ETH overtaking Bitcoin. I have tons of reserves for a dump, but it's difficult to know when it will come - these exponential trends can really run away. Now we've sailed past the ATH, I think even 0.1 could be on the table.

Way oversold here i believe.

It's definitely scary to do that right now, I had the option to pick up some more ETH early today when BTC was still above $1200 but decided for a more stable investment (basically turned it to fiat). It's called taking profits from Bitcoin too, this was another peak and I doubt we'll see it again in the next months.

I hope Bitcoin get it together eventually (honestly I don't know how for the reasons I mentioned many times in this thread). You used the word complacency and that's exactly what happened in Bitcoin lately. Today I've read that Google was the 21 search engine in history. The self fulfilling prophecy that Bitcoin is Myspace can become a reality if this trend continues.

Well, had no option but to bet part of my stash on it. Maybe I've been too complacent over the threat to Bitcoin from BU.

That is true. For the Ethereum, as it is supported by several big organisaitons, its price might rise again.

Eth will doible in price sometime by the end lf the year hate it all u want but its gonna double at some point and i dont even hold that much of it, it just sticks out more than any other alt coin to me at the moment

I'm always bearish on Bitcoin, almost since I got interested in crypto, I recognize the amazing tech and how it can have an impact in the world but I've always considered there's a big problem with governance. To me decentralization is fine for certain issues but not for everything. Theres a need to for leadership and decision making. With that being said I recognize Bitcoin fans and speculators are very stubborn and almost always bullish. As Bitcoin is the main entrance to this world, I always hold some so I've also made money during these rallies. I also remember to take profit into fiat and invest in more established investments, something many Bitcoin hard believers don't even question.

I agree with you that we sort of hit a peak, I'm watching closely in case I need to make a move fast but I think we'll be in a consolidation area for a week or so around $25-30, perhaps with some dips lower.

I don't know what Bitcoin is gonna do next, to me like I said it's deeply overvalued for its current present situation but we'll see.

You were also saying last year that Bitcoin's fundamentals didn't warrant a price over $500, yet here we are at over $1200 - never underestimate the hold of "dragon-sickness".

As for Ethereum, it's done pretty amazing today and this week, with a lot of action on USD pairs, suggesting new money entering. I do think a test lower is needed, as the trajectory is overheating now imho. For the longer term, maybe it will dominate Bitcoin, but I'm certainly not about to bet my stash on it.

Mic drop. 

yefi, you know we were discussing similar issues when Ethereum started that huge rally back in early 2016. I'm a believer in Ethereum because I really feel it's one of the only altcoins that really add something new. But I've also sold all my stash some time right after the DAO hack when it was still above 0.02 since I knew a bear trend would set in eventually. And I'll sell again if in the next months we see it at above $50-100, with all ENS, ICOs and POS/Metropolis hype. I know this is all experimental technology and a very risky, volatile investment, and that includes Bitcoin which have a lot of negative stuff to sort out no matter what maximalists deny or say.

So my point is, one should be aware of fundamentals and sentiment. I think right now we are at a point where Bitcoin can't really justify itself any longer based on the arguments you hear. It might have worked 2 or 3 years ago, but right now it's becoming inexcusable. If this continues, a bear trend will start and we'll see sub 1k again, mark my words. I'm not even mentioning the real possibility of a hard fork happening. I do agree that Bitcoin greatest asset is becoming a settlement and decentralized database, but price is kinda secondary if the "currency" is not actually used for anything. That's why Ethereum makes a little more sense to many, it needs to be earned, used and consumed.

I'm a pragmatic person and I don't see the world in black and white. I think most debates have good arguments on either side, there's nothing 100% right or wrong.

Bitcoin may rock this year but future cannot be predict if BTC BTC fail or loose faith of investors.

Bitcoin is a system for storing and transferring value absent intermediaries. It can serve as a settlement layer for second-tier networks that would be better geared for petty day-to-day transactions. Hoarding and speculation are going to be the primary means of price appreciation for a long time to come - I'm not sure why there is an urgency to look elsewhere, at least for the next decade.

The alt market has been growing at a faster pace than Bitcoin. It's also a fickle market though, where coins come and go, rise and fall. Perhaps reasons for investing in Bitcoin versus them is its better liquidity, lower volatility and staying power.


A time that will return.

I think it is better to hold majority of the asset in bitcoin, the other altcoins a small percentage.