ETH price soaring. Are you going to move some BTC into ETH? - page 76.

rocketron

sr. member

Activity: 616

Merit: 300

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

Quote from: mtnsaa on March 15, 2016, 05:35:42 PM

Quote from: marcus_of_augustus on March 15, 2016, 05:19:22 PM

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...

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Quote from: marcus_of_augustus on March 15, 2016, 05:19:22 PM

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 dont think so bro. Look at the daily... that shit has not proven anything yet. We could still be easily moving up.
We'll know in 10 days or so, unless more dumpage happens, if we breach 0.03 and have that act as a ceiling we'll be heading back to 0.022 range possibly.

mtnsaa

legendary

Activity: 1568

Merit: 1000

Quote from: marcus_of_augustus on March 15, 2016, 05:19:22 PM

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...

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

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 ...?

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: yefi on March 14, 2016, 06:53:27 PM

Quote from: toknormal on March 14, 2016, 09:00:20 AM

Even if there are people treating it "as if* it is a currency", there are likely to be at least as many who are not aware of the massive mining supply thats around the corner. 20 million coins that come from nowhere getting dumped on the market over 12 months.

That massive supply was meant to stabilize price by discouraging wild speculation, thus increasing Ether's utility as a fuel. Then the Ethereum Foundation faced bankruptcy, bought ETH, promised low inflation, and now we have a bubble and a Foundation that's funded for the next seven years. Lips sealed

well we all thought TBF was funded for the next decade too during the last bitcoin bubble... Lips sealed

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: toknormal on March 14, 2016, 09:00:20 AM

Even if there are people treating it "as if* it is a currency", there are likely to be at least as many who are not aware of the massive mining supply thats around the corner. 20 million coins that come from nowhere getting dumped on the market over 12 months.

That massive supply was meant to stabilize price by discouraging wild speculation, thus increasing Ether's utility as a fuel. Then the Ethereum Foundation faced bankruptcy, bought ETH, promised low inflation, and now we have a bubble and a Foundation that's funded for the next seven years. Lips sealed

AliceWonderMiscreations

full member

Activity: 182

Merit: 107

Quote from: calkob on March 14, 2016, 02:27:07 PM

HAHA egg on your face, no harm but the ethereum GUI looks better than Bitcoin core, which no harm looks like something from the 90's

You mean functional without excessive eye candy and a UI philosophy that changes every 3 month?

Yes, the 90s were better.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: funkenstein on March 14, 2016, 02:50:17 PM

Quote from: calkob on March 14, 2016, 02:27:07 PM

HAHA egg on your face, no harm but the ethereum GUI looks better than Bitcoin core, which no harm looks like something from the 90's

Those of us who know something about computers use command line tools.

CLI Not good for widespread adoption though now is it, and that has to be Ethereums next target.

toknormal

legendary

Activity: 3066

Merit: 1188

Lets say over the next year Ethereum doubles its dollar marketcap - 100% increase to $2 Billion.

Lets say meantime, bitcoin only gets a paultry 25% growth (BTC price will still be in the $400's - just).

That works out at an Ethereum price of only 0.04 BTC, which it's nearly at already.

*******

Lets say Ether gains 50% in marketcap and BTC only 30%. Ether will still lose 5% value against BTC for a fixed holding of coins. 0.034 --> 0.032

*******

Lets say when the blocksize debate gets resolved and Lightning network comes online in the Autumn and halving is here, there's a big Bitcoin rally and it grows 100% in marketcap. Bitcoin price will be $798.

But Ethereum grows EVEN more than Bitcoin. Achieves 120% growth in marketcap.

Even under that scenario Ether price in BTC will be 0.031: a 10% loss against Bitcoin for a fixed holding.

*******

Thats how bad a store of value Ether is compared to BTC and why profits will be taken in Bitcoin, not Ether.

(IMO of course - wouldn't want to question the sovereignty of anyone's personal investment priorities Wink

)

funkenstein

legendary

Activity: 1066

Merit: 1050

Khazad ai-menu!

Quote from: calkob on March 14, 2016, 02:27:07 PM

HAHA egg on your face, no harm but the ethereum GUI looks better than Bitcoin core, which no harm looks like something from the 90's

Those of us who know something about computers use command line tools.

calkob

hero member

Activity: 1092

Merit: 520

Quote from: gizmoh on February 08, 2016, 03:01:43 AM

Quote from: thms on February 08, 2016, 12:38:41 AM

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?

I already got a few, couldn't help FoMO Grin

What's wrong in getting say, $100 or $200, just in case?

It's cheap in that, $3 is a palpable value, psychologically speaking. I always thought that BTC redenomination (shifting decimal places by 1,000) would help adoption, but whatever, seems like listening to people is not their strongest point.

Its cheap and will remain so for a long time as there's a HUGE supply already created: currently at 77,137,774 Eth coins. Yes thats 77 million folks!

Ginormous Eth Bag holders that are bailing out on you.. So you can always dream of $50 a coin, that's would amount to nearly $4 billion market cap, for a coin that doesn't even have proper GUI client..

https://etherscan.io/stats/supply

HAHA egg on your face, no harm but the ethereum GUI looks better than Bitcoin core, which no harm looks like something from the 90's

socks435

legendary

Activity: 2030

Merit: 1030

Privacy is always important

Well for me i don't have plan to move my bitcoins into ether because there's a psosibility that the price will drop fast because there's no other website that can accept ether as payment or anything else..
So i will stay in bitcoin but if the price of eth will back to lower price maybe i will buy ETH so that if the developer or investors invest again i can make profit..

bitbitch

sr. member

Activity: 434

Merit: 250

Quote from: mtnsaa on March 13, 2016, 09:45:45 PM

I'm still here haters, ETH right back at 0.0320...I admit I almost had a heart attack but crypto trading is amazing...this really reminds me of 2013 Bitcoin, only that I didn't even know what was BTC back then hehe.

it's a rush isn't it? :-)

you do have your exit mapped out don't you? don't fuck it up.

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Quote from: yefi on March 13, 2016, 07:34:46 PM

Quote from: Bobsurplus on March 13, 2016, 06:17:45 PM

Im thinking about going all in on ether, seriously.. And this is way outside of my character.
Anyone here go all in on eth?

Or you could just give your Bitcoin to me if you like? Tongue

This thing has gone up 17-fold in two months - with an increasingly steep trajectory - such that were it to continue this path it would reach 4 trillion before September. Obviously, it must break this trend, and when it does, you will see just how much the holders truly believe in it beyond price.

I can tell you this, they are such adherents of the technology, that they hold over 11 million ETH at Polo and have not even moved it into their own wallets.

But what if i told you those were my coins on the exchange??? Grin

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Quote from: toknormal on March 14, 2016, 06:22:08 AM

Quote from: mtnsaa on March 13, 2016, 06:28:53 PM

However, buying and holding and jumping on this new ship is not easy at all. I now understand the doubts of Bitcoiners in 2013...I'm sure many early adopters just sold at $10 or $20 and never even imagined it could go at high as $1000. I know for a fact that many Ethereum pre-sale buyers sold their stash at 40-50k satoshis or well below 100k...now it's pushing $20.

I think anyone going "all in" on Ether seriously needs their head examined.

A more useful question to answer is at what point to go "all out". There is no analogy with "Bitcoin 2010" at all because Ether serves a completely different purpose than Bitcoin.

See if you can answer this question: Even ETH maintains its marketcap of $1 Billion, what will be the exchange rate of your Ether against bitcoin in a year's time ? (No trading analysis needed - the answer's academic and a calculator will do).

Or even: If ETH increases its marketcap by 10% over the next year (which will be impressive in its own right after a year's worth of profit taking), what will be the exchange rate of your Ether coins against bitcoin then ?

P.S.

Quote from: Bobsurplus on March 13, 2016, 06:17:45 PM

Im thinking about going all in on ether, seriously.. And this is way outside of my character.
Anyone here go all in on eth?

He's not because he understands what I'm alluding to and he's getting ready to go "all out". He just wants you to go "all in" so he can grab your bitcoin.

lmao... my intentions are my own bro... I actually am thinking about putting a large portion of my btc into eth. It just seems to be more viable for a long term investment at this point.
Bitcoin had its prime, its time to move over and let eth have some fun.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: thms on March 14, 2016, 09:05:04 AM

20 million coins seem like an impressive number for the average person but in reality it is very minuscule in a global market.

It's not miniscule. It's huge.

You need to measure everything relatively - not in absolutes. If you're thinking that 60 Million coins are going to have a very large marketcap then 20 million coins (or whatever it is - have not checked the exact amounts) is a monstrous 30% of that. It means that the coin price against the dollar has to keep appreciating just to maintain its cap.

If Bitcoin then appreciates at all against the dollar then Ethereum has to appreciate by even more just to maintain its price in BTC (ETH/BTC ratio).

Another thing (regarding pbleak's post). Remember that currency is just a denomination, not necessarily an asset. You are not trading the asset just because you denominate a trade in a particular currency. So Ethereum's technical properties don't therefore give it any advantage in terms of adoption as a 'currency' (witness the gold trade - no gold leaves the vaults). It's just another asset - moreover one that leaks value far faster than bitcoin.

bitbitch

sr. member

Activity: 434

Merit: 250

Quote from: toknormal on March 14, 2016, 09:00:20 AM

Quote from: pbleak on March 14, 2016, 08:12:35 AM

you are not factoring into whether people are treating it *as if* it is a currency such that it effectively becomes one due to its usage. In other words you may be technically correct but ontologically off.

For that reason I've left a bit in the market, but I would not dream of going "all in".

Even if there are people treating it "as if* it is a currency", there are likely to be at least as many who are not aware of the massive mining supply thats around the corner. 20 million coins that come from nowhere getting dumped on the market over 12 months.

The only way Ethereum's a viable investment is if bitcoin collapses and it moves to a genuine reserve status. (i.e. the ETH/BTC ratio would continue to grow even if it's marketcap in dollars remains the same). If, however, bitcoin maintains its dollar marketcap then I'm unlikely to be "ontologically off" I would have thought.

20 million is the minimum. dear Vitalik started making vague noises after this bubble began to expand about capping the total supply to 100 million by next year, but i take that as meaning not a lot as until now it was always going to be 1 Bn. if this was a regulated market he would be censured for making such a statement.

thms

sr. member

Activity: 427

Merit: 250

Quote from: toknormal on March 14, 2016, 09:00:20 AM

Quote from: pbleak on March 14, 2016, 08:12:35 AM

you are not factoring into whether people are treating it *as if* it is a currency such that it effectively becomes one due to its usage. In other words you may be technically correct but ontologically off.

For that reason I've left a bit in the market, but I would not dream of going "all in".

Even if there are people treating it "as if* it is a currency", there are likely to be at least as many who are not aware of the massive mining supply thats around the corner. 20 million coins that come from nowhere getting dumped on the market over 12 months.

The only way Ethereum's a viable investment is if bitcoin collapses and it moves to a genuine reserve status. (i.e. the ETH/BTC ratio would continue to grow even if it's marketcap in dollars remains the same). If, however, bitcoin maintains its dollar marketcap then I'm unlikely to be "ontologically off" I would have thought.

20 million coins seem like an impressive number for the average person but in reality it is very minuscule in a global market.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: pbleak on March 14, 2016, 08:12:35 AM

you are not factoring into whether people are treating it *as if* it is a currency such that it effectively becomes one due to its usage. In other words you may be technically correct but ontologically off.

For that reason I've left a bit in the market, but I would not dream of going "all in".

Even if there are people treating it "as if* it is a currency", there are likely to be at least as many who are not aware of the massive mining supply thats around the corner. 20 million coins that come from nowhere getting dumped on the market over 12 months.

The only way Ethereum's a viable investment is if bitcoin collapses and it moves to a genuine reserve status. (i.e. the ETH/BTC ratio would continue to grow even if it's marketcap in dollars remains the same). If, however, bitcoin maintains its dollar marketcap then I'm unlikely to be "ontologically off" I would have thought.

pbleak

legendary

Activity: 924

Merit: 1001

Quote from: toknormal on March 14, 2016, 06:22:08 AM

I think anyone going "all in" on Ether seriously needs their head examined.

A more useful question to answer is at what point to go "all out". There is no analogy with "Bitcoin 2010" at all because Ether serves a completely different purpose than Bitcoin.

I really respect your analyses (in general), but there at least another reading here where you are not factoring into whether people are treating it *as if* it is a currency such that it effectively becomes one due to its usage. In other words you may be technically correct but ontologically off.

Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 76. (Read 198796 times)