Topic: Ethereum: Good alt or stay away? - page 122. (Read 80418 times)

This ETH is becoming the blockchain of blockchains, which basically cuts out the rational from many of the decentralised exchange coins and een LN to some extent, plus there is the full turing and heaps of dev. Meanwhile BTC is shooting itself in the foot as hard , fast and often as possible with the BU and Segwit debate.


BTC could be at 10K now or at least 5K

$200 could happen if there are more developments.

Eth has a good future as a good alternative to Bitcoin. With its platform being used by other altcoins, there is that added goodwill embedded in Ethers that you can to the bank anytime. Now, that it is beginning to be recognized for its real value, the price is inching upwards to the delight of many Ether holders. Unfortunately, I did not bought Ethers when it was just at the $10 level. Sad.

ETH saw a huge price rise in the previous weeks but looks like that it still have some room to grow. It is being used for a lot of new projects now, and it is driving media attention to ETH. People that only considered BTC for investment are diversifying to ETH, helping to keep the demand for it high. If the road is not so bumpy ahead, we may see a ~$200 scenario at the end of the year.

I'm beginning to like Ethereum,this is coin will have a stronghold in the the coinmarketcap placing,there's a lot of token being build in ethereum and some of them are successful I believe the price will still go up it's potential in the market is not yet fully tap.

ETH is under regulation.

I think the ETH is a good alternative to bitcoin.

something you wrote there is wrong.

Diversification, diversification, diversification.

Because ETH is at the root of so many asset backed tokens, the logical approach is to add a ethereum to your basket, and avoid the risky speculative coins, all the while diversifying into other settlement capable blockchains.

His price is high, but sometimes you have to buy it

I still not understand why so many people sell a lot yesterday for a tiny BTC rise or I am missing the bigger picture here? It seems like BTC has an index sucking effect. I am kinda in for the longer term. My balances still look good since I hold 50% in BTC still. But I might consider swapping some investments around if this turns into a real panic. I can understand long term holders from 20$ cashing out now. But a lot are buying too for a future rise to 100$+.

Edit: My own conclusion is when btc cross the line at the top it might rise a lot higher? I think thats it. I am just gonna draw some lines and open all charts the coming few days if they cross I will swap a certain % to btc more I can't do.

As I've become quite bullish on ETH, I believe the current price is just a fraction of where it could be in a year or so.

BUT don't be fooled, one of the (main) reasons BTC ETF was rejected was the unregulated trading space, this is exactly the same with ETH.
So don't get your hopes up for an ETH ETF approval, base your investment decision on other fundamentals, because ETF approval for ETH is a LONG SHOT.

it has possibly become the riskiest token there is as an investment proposition.

First of all you have to fight that there are

1. Investors of ETH who want to see an insane ROI.
2. ETH is driven by already rich and powerful Devs who pay a big team to hype ETH.
3. There are some assets who rely on ETH and also win with ETH -> they also promote ETH.

Conclude: It is not easy to get valid information about ETH. It is shining because powerful people want it so shine. Morever these trolls FUD facts away, users and other alts + BTC.

Just consider this:

ETH is not decentralized.
https://bitcoinmagazine.com/articles/op-ed-why-ethereums-hard-fork-will-cause-problems-coming-year/
Due to this fact with your asset in ETH it can happen anything you don't even expect now.

ETH was and is not planned as a currency.
ETH was premined.
ETH has an infinity amount of supply.
The Companies who are working now with ETH in the enterprise alliance are not working with the public chain now or in the future. (Watch the EA Video which was more than 10 hours long) But it is a good technical transfer for the companies to get and share the know how they made in that alliance.
As soon as they will have a use case scenario they will just create an own chain for free.
It is easy to change the code in the way you receive 1 Billion ETH per block. So they are not dependend on any factor they have no control about it (Price, Vitalik, Maniupulation) -and morover Bugs.

Beside these facts, my oppionion due to some facts.

The price at the markets don't reflect the real value. Imagine you produce 100 coins of something called ETH.
Each coin is devisible. You keep 70 of the coins for you, give 20 to someone else and 10 you share with a lot of people.

So now only 10% are traded and you put a lot of hype into it. So one coin is now worth 100 Dollar. The market cap is now counted like:

100 (not 10) * 100 = 10.000$
In fact, even if only 1 coin would be traded and it worth 100, the market cap would be still: 10.000$
Doesn't even consider again the unlimited supply.
So if people try to convince you with market cap. they just try to find a greater fool
http://www.investopedia.com/terms/g/greaterfooltheory.asp

The circulation of ETH is low considered the amount of supply available. The Volume is high but still low compared to BTC and the supply available 16:91 Million.

BTC is really already in a lot of hands. The manipulation in matter of huge dumps by few handy is by far not as possible as it can happen with ETH.

ETH has a great idea and tech. But these things mentioned are not making me to invest money to just hold. Its nothing to store value.
For me its still a super nice PnD coin to make money with.
I am already out since 65$ (started late at 20) and since I made more than 100 BTC I cannot complain and say ETH is worthless or so

So just think for yourself otherwise you'll always lose money. I am a trader and win with every coin if I invested smart. So I actually like every coin somehow. I trade every coin with good volume, but I only store my savings in BTC and Dollar and yes, a few in Monero (5%)

p.s. and if someone tells you BTC will weaken under rising alts, they just lie. Imagine you sell tomorrow a new product. Everyone wants it. You can buy it only buy it with BTC. Then people will change their fiat to BTC to buy your product. That does mean that someone just has more BTC it doesn't mean that this money is going back into fiat. It could be stored, it could be used as investment or traded for other alts.

So no matter what, BTC mostly always has positive side effects. Enjoy trading. Most of us, who started early with trading and are still here already made their millions. Coins are just numbers for us. Trade 1k BTC here and there. At some point you are no longer interested in that hype fud talking by little fishes. You learn how to use up and down. Just enjpy to be part of something that makes you rich at some point.

i think It is a good altcoin

ETH is less risky?

why would the SEC approve ETH and not BTC?

You do not know the date either. Pitty..I searched everywhere. Or it is simply too early.

I am recently moved half of my litecoins to ethereum..but it is so difficult to predict, what will hit higher.
I think I maked this a little bit in a wrong time. I should make it a little bit latter when Litecoin would get officialy SW+LN.
I think together SW+LN can push Litecoin @ ATH..but who knows..

But I realy have FOMO to miss ETF SEC approval on Ethereum )) Because I dont know the date when they will say a decision.

Can anybody tell me the date when SEC ETF will approve/decline Ethereum ETF?

Well I just gain $50 from yesterday pumps have been into a lot of profit since I got my ethereum so in my opinion this is a good alt that you should hold for occasional gains and they will hold on  the second spot for a long time.even if there's an ongoing litecoin development.