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Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 23. (Read 198933 times)

legendary
Activity: 1568
Merit: 1000
I'm still long from sub 0.01 and $7...as usual I wish I've bought more but we all know how it goes. I'm not selling anytime soon especially with the ETF decision looming. I think ETH is the place to be right now as I don't feel the ETF will go through. Either way, ETH will benefit. Yes the price will suffer in BTC terms if it's approved but in terms of fiat, all major altcoins will ultimately benefit.

If the ETF doesn't go through, the fiat pair will definitely suffer short term (when BTC dumps, altcoins don't react that quickly to keep their fiat value) but it will definitely be used as a hedge along with fiat and other major altcoins. And I may get a lot of hate, but if the ETF doesn't go through we could enter a very long downtrend for BTC, and the concept of "The Flippening" could become a reality as in my opinion Bitcoin doesn't have a lot in the horizon for the next months (inner fights, blocks full, China regulation).

You may not believe in ETH but there is a lot of stuff coming in the short term, especially Metropolis and POS hype, we all know what something similar did to Dash...I won't even mention the Ethereum Enterprise Alliance which to me is the greatest nod from fintech to cryptocurrency ever.

Well done on holding your position. I took my profits a while ago and got into the PASC and NEX pumps.

There are whispers that the SEC will approve, but we'll see. If the ETF does get approved, Ethereum will probably dump, but BTC's rise should also push it over its USD ATH, which may spark buying, as a high-beta play on Bitcoin. If 0.015 can be taken out, then major resistance is going to be in the 0.02 - 0.024 range around last Devcon.

If the ETF gets rejected, I see a correction in BTC, but not the end of the rally. Longer term, the scalibility is going to be an issue if it's not resolved, but I don't believe it will prevent higher highs in the immediate future.

 

Yefi what do you think about this Dash rally? It definitely came out of nowhere for me and some are saying it will go to $100 and above which to me is completely ridiculous. I don't really understand what's the appeal for Dash but I'm kicking myself for not seeing the signs and potential for the hype. I kind of get the masternodes lock a lot of Dash and all but I don't see what's so special I'm terms of tech that either Ethereum or even Litecoin or Doge can't do in terms of speed. Even Bitcoin if they manage to take these things seriously.

Anyway, do you think the pump is over or this is a good entry point? At least before the ETF decision unleash chaos hehe.
legendary
Activity: 2842
Merit: 1511
I'm still long from sub 0.01 and $7...as usual I wish I've bought more but we all know how it goes. I'm not selling anytime soon especially with the ETF decision looming. I think ETH is the place to be right now as I don't feel the ETF will go through. Either way, ETH will benefit. Yes the price will suffer in BTC terms if it's approved but in terms of fiat, all major altcoins will ultimately benefit.

If the ETF doesn't go through, the fiat pair will definitely suffer short term (when BTC dumps, altcoins don't react that quickly to keep their fiat value) but it will definitely be used as a hedge along with fiat and other major altcoins. And I may get a lot of hate, but if the ETF doesn't go through we could enter a very long downtrend for BTC, and the concept of "The Flippening" could become a reality as in my opinion Bitcoin doesn't have a lot in the horizon for the next months (inner fights, blocks full, China regulation).

You may not believe in ETH but there is a lot of stuff coming in the short term, especially Metropolis and POS hype, we all know what something similar did to Dash...I won't even mention the Ethereum Enterprise Alliance which to me is the greatest nod from fintech to cryptocurrency ever.

Well done on holding your position. I took my profits a while ago and got into the PASC and NEX pumps.

There are whispers that the SEC will approve, but we'll see. If the ETF does get approved, Ethereum will probably dump, but BTC's rise should also push it over its USD ATH, which may spark buying, as a high-beta play on Bitcoin. If 0.015 can be taken out, then major resistance is going to be in the 0.02 - 0.024 range around last Devcon.

If the ETF gets rejected, I see a correction in BTC, but not the end of the rally. Longer term, the scalibility is going to be an issue if it's not resolved, but I don't believe it will prevent higher highs in the immediate future.

 
legendary
Activity: 1568
Merit: 1000
Encountering resistance around this area as expected. Probably due for a buyable dip, then we'll see where she's heading.

I'm still long from sub 0.01 and $7...as usual I wish I've bought more but we all know how it goes. I'm not selling anytime soon especially with the ETF decision looming. I think ETH is the place to be right now as I don't feel the ETF will go through. Either way, ETH will benefit. Yes the price will suffer in BTC terms if it's approved but in terms of fiat, all major altcoins will ultimately benefit.

If the ETF doesn't go through, the fiat pair will definitely suffer short term (when BTC dumps, altcoins don't react that quickly to keep their fiat value) but it will definitely be used as a hedge along with fiat and other major altcoins. And I may get a lot of hate, but if the ETF doesn't go through we could enter a very long downtrend for BTC, and the concept of "The Flippening" could become a reality as in my opinion Bitcoin doesn't have a lot in the horizon for the next months (inner fights, blocks full, China regulation).

You may not believe in ETH but there is a lot of stuff coming in the short term, especially Metropolis and POS hype, we all know what something similar did to Dash...I won't even mention the Ethereum Enterprise Alliance which to me is the greatest nod from fintech to cryptocurrency ever.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
Encountering resistance around this area as expected. Probably due for a buyable dip, then we'll see where she's heading.

I think the price will rise again after some consolidation.

price of ethereum is always going to rise until it is not. for now it has some pump left in it so there is still room to grow but in time when whales got tired of pumping it and the devs pulled all the magic tricks they can out of their pocket we start seeing the real dump start.
that is the story of all the altcoins that get big fast.
full member
Activity: 154
Merit: 100
Encountering resistance around this area as expected. Probably due for a buyable dip, then we'll see where she's heading.

I think the price will rise again after some consolidation.
legendary
Activity: 2842
Merit: 1511
Encountering resistance around this area as expected. Probably due for a buyable dip, then we'll see where she's heading.
newbie
Activity: 32
Merit: 0
i think ethereum can become an investment option once again soon.
it has started to show some signs of accumulation and small rises, and i believe since there has been some time when the dumping had begun, it is the time for a pump to come and  a big pump for that matter.
Bitcoin is in a good shape now which is not good news to any alt because much of the money that could be use to create pumps on the altcoins market now it is tied to bitcoin.

Not really. Once BTC reaches a high, people look to book profits.
They may convert their bitcoins to fiat or other alts as well. This could benefit the altcoin market as a whole.


It seems people are converting their bitcoin into Ethereum now.
legendary
Activity: 2842
Merit: 1511
I am aware that pennies only have a thin shell of copper.  I still think that small amount of copper is worth more than 1/100th of a cent.

I was not aware you were referring to 1/100th of a cent as your post implies 1/100th of a dollar. In any case, Coinflation.com gives a value of $0.0003686 for the copper, so 3.7% of a penny.
legendary
Activity: 2842
Merit: 1511
In fact, the penny is worth more; as the copper holds more value than the coin or the bill.

This is only true for older American cents that were made entirely of copper. Newer cents are a copper alloy, and their melt value is less than their face value.
newbie
Activity: 27
Merit: 1
i think ethereum can become an investment option once again soon.
it has started to show some signs of accumulation and small rises, and i believe since there has been some time when the dumping had begun, it is the time for a pump to come and  a big pump for that matter.
Bitcoin is in a good shape now which is not good news to any alt because much of the money that could be use to create pumps on the altcoins market now it is tied to bitcoin.

Not really. Once BTC reaches a high, people look to book profits.
They may convert their bitcoins to fiat or other alts as well. This could benefit the altcoin market as a whole.


That happened in 2013 and 2014.
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
i think ethereum can become an investment option once again soon.
it has started to show some signs of accumulation and small rises, and i believe since there has been some time when the dumping had begun, it is the time for a pump to come and  a big pump for that matter.
Bitcoin is in a good shape now which is not good news to any alt because much of the money that could be use to create pumps on the altcoins market now it is tied to bitcoin.

Not really. Once BTC reaches a high, people look to book profits.
They may convert their bitcoins to fiat or other alts as well. This could benefit the altcoin market as a whole.
jr. member
Activity: 198
Merit: 3
i think ethereum can become an investment option once again soon.
it has started to show some signs of accumulation and small rises, and i believe since there has been some time when the dumping had begun, it is the time for a pump to come and  a big pump for that matter.
Bitcoin is in a good shape now which is not good news to any alt because much of the money that could be use to create pumps on the altcoins market now it is tied to bitcoin.

If more money is flowing into digital currency, it will also benefit altcoins.
sr. member
Activity: 728
Merit: 250
i think ethereum can become an investment option once again soon.
it has started to show some signs of accumulation and small rises, and i believe since there has been some time when the dumping had begun, it is the time for a pump to come and  a big pump for that matter.
Bitcoin is in a good shape now which is not good news to any alt because much of the money that could be use to create pumps on the altcoins market now it is tied to bitcoin.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
i think ethereum can become an investment option once again soon.
it has started to show some signs of accumulation and small rises, and i believe since there has been some time when the dumping had begun, it is the time for a pump to come and  a big pump for that matter.

That maybe true ... but I think Ethereum has still not had the true capitulation carthartic moment where it goes back <$3 and everyone is saying "Ethereum is total shit" and "doomed to failure", etc, etc (you know all the things they were saying about bitcoin at $156  Wink) before it can rise again.

Until it works out the excesses of its artificially inflated valuation it will be moribund and stagnating in price. It's very much the same as the stock markets that haven't had a proper crash since 2008 but were propped up by the governments, bankers and insiders, any growth is lethargic and artificial.
member
Activity: 96
Merit: 10
i think ethereum can become an investment option once again soon.
it has started to show some signs of accumulation and small rises, and i believe since there has been some time when the dumping had begun, it is the time for a pump to come and  a big pump for that matter.

That is right. The price is quite stable now.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
i think ethereum can become an investment option once again soon.
it has started to show some signs of accumulation and small rises, and i believe since there has been some time when the dumping had begun, it is the time for a pump to come and  a big pump for that matter.
sr. member
Activity: 323
Merit: 250

Lol its not going back to 250k ever again  1$ are you serious lmao



looks like that was the blow-off top in ether fart gas.

Prep yourselves for the years of the long bear markets ether luvvers ... or sell now and buy back at fiddy cents in 18 months or so ...?

I've sold mine and actually didn't get as much profit as I wanted too, however I still believe ETH will be the clear winner this year, BTC is just going nowhere and hype about ETH won't die that easy. With that being said I agree that unless there are some major announcements or deals in the next days the downtrend will continue, maybe even testing 0.02 but most likely will be around 250-280k. I think this would be a great place to get in.

However with ETH, I won't be surprised if it hits $20 by next week, really. It all depends on news, if tomorrow Xapo says it is accepting Ethereum you know what will happen...

I'll wait until I feel satisfied eth high prices because it is not enough for me personally but I am going to buy eth as an investment even if only in a hefty amount will be sold at favorable prices
legendary
Activity: 2842
Merit: 1511
I can't complain too much, thanks. Though I'd be doing better if btc stopped tanking lol
legendary
Activity: 1568
Merit: 1000
Yefi, we should join forces and become fund managers...lol, hope you are doing pretty good!
newbie
Activity: 27
Merit: 1
With the recent pump and then the dump of bitcoin price it was the perfect chance to invest in ethereum (if we knew it).

Because the eth/btc exchange rate was low and now it is high which makes the traders accumulate more bitcoin than before.

That is a good idea. The Ethereum price is rising.
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