Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 89. (Read 198951 times)

Show me one thing that proves that it cannot be him

Consider...

The largest altcoin is significantly pre-mined.

The largest altcoin is permanently-inflationary.

The largest altcoin has a central dictator.

The largest altcoin's creators receive quite a substantial chunk of newly-mined coins every year, no matter what.

The largest altcoin has not even decided whether they will be PoW-based or PoS-based in the long-term.

...and, in fact, there are many, many protocol details that are changed on a relatively regular basis in response to newly-discovered vulnerabilities.

The largest altcoin was never designed to be a monetary token, and is ill-suited to this role. It was designed instead to be a fuel for smart-contracts (and it is almost a truism that no matter how successful the crypto revolution ultimately becomes, financial phenomena will always be more important and ubiquitous than smart-contract phenomena).

Much of the hype around the largest altcoin is based on the fact that entities like R3 are considering forking their blockchain for their own private purposes, but unlike in Bitcoin, these forks do not stand to drive any value to the altcoin's main-chain, because any forked networks will be entirely independent from the main one, i.e. demand for the altcoin will not increase due to R3's usage of a fork.

The largest altcoin's functionality can be replicated on the Bitcoin blockchain in a number of ways.

The largest altcoin's advocate(s) have recently perpetrated a widespread spam campaign to pump their altcoin.

I think it's an entirely valid perspective to consider the largest altcoin a "scam coin" in light of these facts. I am not trying to argue that it is such, but rather that those who dismiss it as a poor investment or a scam are not necessarily naive or uninformed.

That's fair enough, but in the next days it will continue to rise until Homestead is released, then some time after that there will be a huge drop but I think I'll be on the safe side since I got in at 90s or so and after more than a week I think we'll be already seeing 0.03 and more.

The problem with your strategy is that taking into consideration the way this is unfolding, there will be huge drops but I think support may be much more expensive than the current value.

I don't see any strong reason for ETH to be rising so fast the past days. This only shows to me it's an artificial pump and will surely be followed by a deep dip.

Question is: is it worth it to buy it once this dip happens?

Looking at those impressive hiccups, I believe it's a nice option for trading...

... not him.

Satoshi is not Nick Szabo.  Do some research.

Well, a large amount of evidence points to Nick Szabo being Satoshi Nakamoto, this is proven with computer text analysis as well as a large and mounting pile of curcumstantial evidence.

Of course, I read it all.  Even the parts where he writes "I am definitely not Satoshi".  You got a use case you'd like to share?  Sudoko solutions is kinda cute.  There was a ethpyramid that was kinda cute too. 

"Smart contracts are an interesting curiosity"

Lol.  You know that satoshi nakamoto (real name Nick Szabo) writes extensively about smart contracts right?

A complete non event is not relevant to ethereum.

Also rootstock is a joke.  Look at their business model.  When they published it there was great laughs and happiness in the ethereum subreddit and the price of ETH shot up 20%

Better get some prayer beads, because this isn't looking good for you 

Well, if I were you a month ago(when you started this thread), yes I would ride the trend to make some extra cash. But right now the price is so artificial that it's probably gunna crash soon. Never a good time to buy when it's already at its peak.

"Buy the rumour, sell the news"

Meanwhile smart contracts have just been demonstrated on the bitcoin block chain
https://bitcoincore.org/en/2016/02/26/zero-knowledge-contingent-payments-announcement/

relevant to eth or not?  

Maybe moving some % of BTC into ETH is a good diversification strategy, while it's cheap?

Well just personal experience which is not much to be honest. However I think we all agree that there should be some sharp correction in the next days or weeks. It happened when it first hit 170, it went back to the 80-90s and recovered like a champ after that but it happened.

It's just not sustainable to see it rise until it's 100 USD or more...unless we are dealing with a new kind of monster here.