Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 32. (Read 198796 times)

The price of Etheruem might move up a lot during the Etheruem converence in China. But it is not for sure.

I have been hearing about this for as long as I can remember and nothing ever happens when I hear it except in the histories.

I hope it finally start moving up so we can join in the pump and dump and make some profit from the pump which I doubt can happen as big as any time before because ethereum is not like before anymore.

It's more like a "let's buy as much as we can without alerting the market" phase.
The positive news have been piling up for a while now
and the sold out devcon2 is closing in.
The trend won't stay under the radar for much longer...

Well it's second in volume on Poloniex alone, not sure what's the volume on Gemini, Coinbase, etc, remember you can get ETH with fiat. I agree the volume on Polo is not really impressive so far but it's picking up. I don't think devcon2 is priced in, any news will make it pass 200k in my opinion but I could be wrong.

I still think ETH reached its bottom for the year and it's 10-11 dollars. Fanboys are stubborn, they won't sell below that or 150k. Even after ETC and DAO debacles.

The volume is quite low in the exchanges at the moment. So if it is the accumulation phase, it will take some time.

From the time I wrote my last posts ETH pumped a little bit, it even touched $12 and now sits a little below it. To me it looks like a clear accumulation phase, if ETH didn't break after the DAO and ETC it won't go lower than this with Devcon 2 news and development progress coming out.

I've bought some at the dips at 178 and low 180 so I think I'm good, I'm not going all in of course but if I see the price did below those levels I'll definitely buy some more.

I think the DEVcon2 wil make a big difference to the ETH. I am not sure about the ETC.
https://twitter.com/ethereumproject/status/774169203246964737

Exactly, to me Dash and many other cryptos are based on absolutely nothing, no real world usage (sorry if anyone gets offended). Similar to ETH in that sense yes, but trading and investment is all about psychology. I know Monero won't be used by anyone, the pump was based on hype, people really think dark markets (which they know nothing about) were gonna use it for everything and BTC was dead. I don't know if that will be the case, but currently I know there's no real usage either. You can see it dropping like a brick now people realize it.

Similar to ETH, in the next weeks investors and traders will get exposed to all these great projects coming, china exposure and upgrades (Raiden, Casper, etc). A new bubble will most likely start.

It's all hype (even BTC), you have to discern which hype is gonna move the masses and the money.

But is it not that ETH is also based on hype and promises at this point right now? There is no real world use case for Ethereum right now and all the value it is getting in its market cap is all from speculative investment. Not one company is using it to offer products and services that we could truly believe that matter to the ordinary person.

i wonder how much ETC is hurting ETH? I thought after the hard fork  that everyone would switch, I was totally surprised on what happened afterwards. It almost makes me wonder which one to keep. But, I think ETH will stay on top, but it would help if ETC would go away, but probably won't happen soon.

I think you can't compare ETH to Dash really. 99% of altcoins are based on hype and potential and I'm sure we'll have plenty of rumors and progress updates on devcon 2 as I detailed plus the exposure to the chinese market. That's what I'm betting on, however the entry point is not clear to me (if only it was that easy!). I don't want to get greedy expecting prices below 150k...I don't think that's very probable in the short term unless there are some very bad news coming (alas EF being investigated by the FBI/SEC or any other dirty details about the hack).

For that scenario I do have some very low buys set close to 0.01 and well below, but I'm not convinced this would be a possibility. To me the DAO and the hard fork were devastating scenarios for ETH and look what happened. I was expecting prices to be around $1-4 bucks at some point...they never came and now the price has basically doubled to where it was before the DAO ICO started.

This means Ethereum, their supporters, devs and overall interest on its tech from investors and traders won't go away any time soon.

Yeah, if it breaks (quite possible after the full retrace on the rally to .022) I'd expect quite a drop. There's the line from the dao attack/etc panic bottoms around .0140-.0150, which might hold.

@mtnsaa. We will see. For me that strong support is the last for now. If that breaks I speculate that ETH will fall below 150k satoshis or lower. Maybe this is the first of the altcoin bear market starting again? I am seeing Dash is also falling down now.

Yes that's the safest bet I agree. Even if 186 breaks it wont be for long though, I have low buy orders but I dont think they will get triggered.

Forgot to mention Casper and Raiden network. Hype is coming (not that I care but we are here to make some money). Monero pump is starting to cool off too right on cue...

@mtnsaa. I speculate that the support at 186k satoshis will break but I could be mistaken. It has been going in that direction for a while now and it will be put to the test soon. If we see that it the support is indeed strong enough then it might be safe to get in at the price near the support.

I think we'll see a bull run similar to what happened with BTC before the halvening in the next days. It was all quiet but all of a sudden price jumped. Devcon2 will be a major force and I think we could see prices above $20. They have been working on a lot of stuff, no real world usage dapp or dao yet though. They do have a lot of business support (Microsoft, Samsung and now Santander) and many devs are interested in working on ETH blockchain, that alone won't let the price dip below $5-8 bucks for the near future. Plus China exposure and new exchanges coming, you do the math.

Ethereum survived the DAO hack almost intact in terms of valuation so the potential to grow now can't be dismissed (the price never even reached lows of $7 before the ICO...).

I've sold most of my ETH after the hard fork, made some money but it's too unpredictable long term (I hold some and will trade it though). If it goes lower than 180 I will buy some more (I don't really see that happening unless BTC goes to $700  this week which I highly doubt).

Also, once BTC prices jump all alt bleed for a day because of profits taking but then they adjust. You can't really have BTC at $800 and Factom, Monero or Ethereum at $2, $3 and $8. The whole market jumps because it behaves as an industry.

But what if it will go below 186k satoshis. Is there a case for shorting ETH? If yes then how low do you think this will drop if it breaks support? I am speculating that some traders might be shorting ETH right now because it might really break although it has not been really tested yet.

I think the Ethereum dollar price will be stable in the next few weeks. The bitcoin price might drop further.

I have some limit order at 0.017. If the price of Ethereum drops to 0.017, I will buy a lot and sell when the price rises to 0.022.

I've been trading XMR mostly of late, but am keeping my eye on ETH. The drop to .019 isn't great, but as long as it can keep above support at 0.0186 there's still a bullish case.