Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 31. (Read 198796 times)

If you followed my posts this must be the most perfect trading move I've made in my life haha, I sounded like a pro calling all moves. I did however expected ETH to pass $15 at least, even reaching $20, it didn't happen so I got out at the very top (that's a new one).

Anyway, I'm trying to buy some ETH for the long term but I'm not really sure where the price is headed now. What do you guys consider a fair price or entry point without getting greedy? Please don't say $5-7 bucks or sub 0.01, it that happens I'm all in (hopefully some civil lawsuits news from the DAO hack...)

The Ehtereum price just dropped about 6% in the last 24 hours. That is due to the finish of the meeting in China.

I don't know the altcoin market as much as you guys but I keep following btc and altcoins from coincap.io and ETH market cap is rising everyday. So, it's always better strategy invest a little to ETH and forget it. Who knows maybe one day, 1 ETH will worth $600 too

Well that was a good run for me, got out at 238 because there was a lot of resistance at 240 and had to take profits there and not be greedy, devcon was almost over and I'm so glad I did. Maybe there are still some big news coming (like chinese exchanges) but I'm not taking that risk.

I don't think it will dump a lot but it may go to low 200s eventually.

Spanish banking giant Santander is working on a project that explores how it could digitize customer cash using the public ethereum blockchain.

Revealed today during a panel talk at Devcon2 by Ether.camp founder and ethereum Java client developer Roman Mandeleil, the news was confirmed by representatives of Santander. In statements, Santander said its goal is to open up its bank-issued funds to a community of innovators as a way of tapping additional efficiencies.

Given the recent deluge of proofs-of-concepts and consortium announcements, Santander's move to potentially issue digital cash on a live public blockchain emerges as one of the more unique projects globally. Running for more than a year, the ethereum network has a market cap of more than $1bn and nearly 40,000 in daily transactions.

In interview, Mandeleil explained that the Santander project envisions how the bank’s customers could convert money from their real bank accounts into a 'tokenized' online currency called 'Cash ETH' that would be redeemable for paper currency.

In a demonstration, Mandeleil showed how a fictional customer could use the prototype to create digital money for use at online merchants and accessible with a mnemonic passcode called a brain wallet. (Despite past issues with the concept, he called this version "statistically hard to break").

Santander representatives indicated that the bank is now seeking to work with Ether.camp on engaging other banking partners in the project. The two partners are also looking to run hackathons that would focus on developing use cases around micropayments.

In essence, the project aims to envision a way for banks to open up their basic bank account offerings to new ideas and transactional services. Further, Mandeleil said the project is part of his 10-person startup's vision that focuses more on using blockchain technologies to achieve incremental benefits for banks and consumers.

"It's more like evolution, not revolution," he said. Still, he emphasized that the trial, should it go live, would mark a "huge leap" by establishing a connection between a publicly traded financial firm and and a public blockchain.

"You can start to build more and more stuff and say to the regulators 'It's not so scary,'" he continued.

Elsewhere, in his talk, Mandeleil discussed Ether.camp'sk with blockchain startup firms including Gemini and Rootstock.

Mass media

Mandeleil showcased a system whereby a Santander customer would have three new options to coincide with their traditional bank account – tokenize, transfer or refund.

Should the user elect to 'tokenize' their funds, the system is set up to allow for payments of as low as $0.01, though small charges may add to Santander’s earnings depending on how the user chooses to allocate the funds. In the example, $350 in funds were withdraw to a test version of the ethereum blockchain, with $1 going toward gas payments, which are needed as payment to execute transactions on the network.

By paying the gas upfront, the user is allotted a certain pre-set number of transactions they can execute, though this figure can be increased with additional payment. Mandeleil sees the digital Santander dollars as a viable alternative to PayPal.

"It's not something that users will not do to have the agility of money. You click on the payment, then you put in the private key and you have the balance and the reliable transactions," he said.

To offer a better view on the project, Mandeleil walked CoinDesk through a version of the prototype in which a user tokenized funds for use as payment for an article on a demo version of The New York Times website.

http://www.coindesk.com/santander-vies-become-first-bank-issue-digital-cash-blockchain/

They even have a name for their public Ethereum token. CashETH!

Seems like price is going to make a significant advance upwards. They defended the break of 186, and price has surpassed its value before the appearance of the geth bug.

The reduction in volatility and volume over the preceding month also suggests that a breakout is on the cards, with 1 week MACD on the cusp of turning positive.

Hope you guys caught that dip...

uh oh

That could be right. I think the next pump will be the Etheruem. It is its turn after the pump of many other coins.

I've been saying the pump was coming since it was around 180 and you still have time since devcon 2 news hasn't started but of course the risk is higher now (either way, anything below $13 dollars considering what's coming is cheap, you'll see it touching $14 in no time in my opinion).

I do agree with you that the price is already priced in, however that doesn't count the hype that will start building, every day there will be big news about Ethereum, and that's all you need in crypto. You have to understand that for many of us who are in the game a lot of them won't be that impressive, but other traders and newcomers are naive and will buy into the pump and start FOMOing, saying things like how Ethereum has so much better tech than BTC and it's way undervalued.

The same happened with Monero, I for one don't believe for a second Monero (or Dash for that matter) has a place or a market but people do, so they buy it, now the bubble is over and there's a lot of bagholders, rinse and repeat.

Profits will go to ETH (and ETC if you prefer that better). I can also see Factom pumping if they release M2 but that's been in the works forever so there's no ETA...

I agree with that. Maybe we shall wait until the price drop to about 0.02 to buy again. The price might go to 0.03.

The big pump has already happen,I think it is wise to wait for the price to fall back again before we buy ETH, I was not able to buy ETH because I fall for the trap of XMR expecting it can surpass ETH, I was wrong and now I will be back to eth.

I think so. It is a good time to accumulate some Ethereum at the current price. There could be a big pump soon.

I think it can go as high as $20-30 or BTC equivalent, the devcon 2 hype will be huge, VB pitching Casper and white paper on scaling, okcoin exchange, raiden network and many more stuff.

If you are not that optimistic then to me $15 is a given and if you want to take profits there I won't blame you 

What do you think would be a good selling point after this upward movement? 

Told you so   

I think the price of the 0.017 is a very good entry point. I have set a limit buy order around that range.

If you bought at around 0.017, that is a very safe price. I think the price of Etheruem will be at least 0.02 in the next few weeks.

Everything has a risk, ETH was above $20 and sailing when the DAO hack happened so we don't know for sure. But the price will definitely be above 0.02 very soon if nothing odd happens, that's my opinion. Bitcoin was also dormant most of the year until the halvening was very close and it pumped for that reason alone (I thought it wasn't even gonna pump for a moment).

I bought in at 0.017-18 so I'm safe for now, already made some profit, I don't really expect the price to be below $11 or 0.018 anytime soon, ETH survived the DAO and ETC disasters and now it will be exposed to many newcomers.

Remember, the crowd in crypto renews just like in every other market. Many people hasn't even heard about Bitcoin yet or dismissed for years, now they are taking it more seriously considering all the economic turmoil.

Others were too young to invest or even get into crypto, now they are older and looking for options.