ETH price soaring. Are you going to move some BTC into ETH? - page 91.

funkenstein

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Khazad ai-menu!

Quote from: stoat on March 02, 2016, 09:00:26 PM

"Smart contracts are an interesting curiosity"

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

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.

stoat

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"Smart contracts are an interesting curiosity"

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

funkenstein

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Quote from: stoat on March 02, 2016, 08:16:41 PM

Quote from: funkenstein on March 02, 2016, 08:12:42 PM

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?

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%

Thanks. What is rootstock? I never heard of it.

I agree that smart contracts have been non-events of no real use (at least yet) but still it seemed surprising that the first ones demonstrated for realtively complex computation (even contrived use) are on bitcoin mainnet. The architecture is like ethereum sigwitted onto bitcoin, except signatures people have paid to use but smart contracts not so much.

I don't really see the use of these things anyway, but they are an interesting curiosity. Erdös would approve

TravelsAsia

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Quote from: yefi on March 02, 2016, 04:54:28 PM

Quote from: hdbuck on February 19, 2016, 02:42:46 PM

That would be because of the purpose of the bet: "Ethereum to top $1 billion market cap before 2017"

I've bet no. Grin

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

Ra'men

mtnsaa

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Quote from: Cyaren on March 02, 2016, 08:12:15 PM

Quote from: thms on February 07, 2016, 11:04:10 PM

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

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" Wink

The problem is that posts like this were everywhere when ETH was at 50-60-70-80-90s and I kid you not, no way 0.01, the peak of all peaks!

razen489

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Short term view, move ETH into BTC from the difference. Kiss

at 0.02 BTC each, no kidding https://www.coingecko.com/en/price_charts/ethereum/btc

stoat

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Quote from: funkenstein on March 02, 2016, 08:12:42 PM

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?

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%

funkenstein

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Khazad ai-menu!

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?

Cyaren

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Quote from: thms on February 07, 2016, 11:04:10 PM

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

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" Wink

owm123

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Quote from: mtnsaa on March 02, 2016, 08:03:14 PM

Quote from: stoat on March 02, 2016, 06:38:29 PM

What is your logic for "huge drop"?

Is it based on what? Nothing? Thought so.

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.

Off course it will drop, but then probably it will go up again, like few times before already. But I doubt we are going to see eth below 0.01 anytime soon.

mtnsaa

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Quote from: stoat on March 02, 2016, 06:38:29 PM

What is your logic for "huge drop"?

Is it based on what? Nothing? Thought so.

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.

stoat

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What is your logic for "huge drop"?

Is it based on what? Nothing? Thought so.

mtnsaa

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Quote from: yefi on March 02, 2016, 04:44:43 PM

Quote from: mtnsaa on March 01, 2016, 02:38:57 PM

Don't worry, I'm old enough to not be too naive, this can all crash down in the next days or weeks but I already made some money if that was the case. It can also go $30 before it drops too. For me it could be a bubble but it's based on real interest. There's true interest in Ethereum and anyone can see that if you research it. How much exactly is it worth? Well we don't know, we don't even know if Bitcoin is cheap right now or it is in some sort of bubble already.

Absolute worth isn't important to me, only relative. I look for momentum. Bitcoin found support around 200 for nearly a year, so 430 isn't really a bubble at the moment from that perspective. I'll buy ETH when I see capitulation or strong, long-term support as I do with all coins.

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.

yefi

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Quote from: hdbuck on February 19, 2016, 02:42:46 PM

That would be because of the purpose of the bet: "Ethereum to top $1 billion market cap before 2017"

I've bet no. Grin

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

yefi

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Quote from: mtnsaa on March 01, 2016, 02:38:57 PM

Don't worry, I'm old enough to not be too naive, this can all crash down in the next days or weeks but I already made some money if that was the case. It can also go $30 before it drops too. For me it could be a bubble but it's based on real interest. There's true interest in Ethereum and anyone can see that if you research it. How much exactly is it worth? Well we don't know, we don't even know if Bitcoin is cheap right now or it is in some sort of bubble already.

Absolute worth isn't important to me, only relative. I look for momentum. Bitcoin found support around 200 for nearly a year, so 430 isn't really a bubble at the moment from that perspective. I'll buy ETH when I see capitulation or strong, long-term support as I do with all coins.

owm123

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Quote from: mtnsaa on March 02, 2016, 03:13:59 PM

ETH just broke 0.02...maybe you can wait until its price is higher than a Bitcoin to get in and take it seriously.

And imo, it will keep rising (with occasional bumps on the way) at least till Homestead releases. And then we see. It will be interesting :-)

spike420211

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4 bought so far... just returned to Betcoin after a 6-month absence, can't win enuf @ poker to keep up w/ ETH price...

mtnsaa

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ETH just broke 0.02...maybe you can wait until its price is higher than a Bitcoin to get in and take it seriously.

toknormal

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With this kind of news sprouting up all over the place I don't see an early end in sight to the rise.

This might give a substantial upwards jolt to Bitcoin/$USD price eventually because it's thinning out the Bitcoin held supply. (I don't mean reducing it obviously, but thinning it out due to the amount of hedging by large bitcoin holders).

That will reduce the supply to the risk-markets around Bitcoin while at the same time have the overall effect of pulling in lots of new capital from the fiat sector.

#JustATheory

toknormal

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I think the difference in trading pattern with ETH is that we are at a much later stage in the game that Bitcoin was in 2013 and Ethereum is now pulling in investment from outside of Bitcointalk.

Bitcoin's market was confined to speculators on bitcointalk. Ethereum has a slightly bigger playing field to harvest possibly.

Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 91. (Read 198829 times)