Ethereum is not worth $40. Who else is shorting?

clockbits

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Quote from: iDice_io on April 28, 2017, 04:23:26 PM

Quote from: jeffthebaker on March 22, 2017, 03:02:42 PM

Ethereum isn't worth nearly as much as it is valued at right now. It's riding the on the tail of Dash but that gravy train is about to dry out, too. Ethereum is going to reestablish itself back in the .01-.02 mark where it belongs. Who else is putting in big shorts?

What's your reasoning behind this? Big companies like Microsoft are getting involved with projects like the Ethereum Alliance.

been trying to figure it out as well...

Some people here are so dead set against Ethereum and its value/significance while it seems to have a better hold in the mainstream then bitcoin ever did. Obviously bitcoin is more recognisable but in terms of actual serious consideration by mainstream global corporations it was never in the position Ethereum is right now (backed by Microsoft, Intel, JP Morgan, Banco santander, Google etc.)

iDice_io

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Quote from: jeffthebaker on March 22, 2017, 03:02:42 PM

Ethereum isn't worth nearly as much as it is valued at right now. It's riding the on the tail of Dash but that gravy train is about to dry out, too. Ethereum is going to reestablish itself back in the .01-.02 mark where it belongs. Who else is putting in big shorts?

What's your reasoning behind this? Big companies like Microsoft are getting involved with projects like the Ethereum Alliance.

Ketariz

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Quote from: jjacob on March 26, 2017, 08:04:18 AM

Quote from: tehMoonwalker on March 26, 2017, 06:26:07 AM

Im just sad that i didnt buy more eth when it was around 12 dollars . All the eth haters are funny everyone who shorted at 40 s will be pissed now

There are a lot of people who regret that. Ethereum was under $1 for a long time and it just looked like it will go bust.
People had the opportunity to buy at that price, not long ago.

The ETH is over $60 now. I think many people have made good profits.

jjacob

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Quote from: tehMoonwalker on March 26, 2017, 06:26:07 AM

Im just sad that i didnt buy more eth when it was around 12 dollars . All the eth haters are funny everyone who shorted at 40 s will be pissed now

There are a lot of people who regret that. Ethereum was under $1 for a long time and it just looked like it will go bust.
People had the opportunity to buy at that price, not long ago.

puremage111

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i will short if i have some cash flow to margin trade but anyhow

Few days ago ETH is raising is due to the FUD of the bitcoin core and bitcoin unlimited issue where people speculate that bitcoin might split to different chains and this cause panic so lets look at the top

Bitcoin (Dump)
ETH
Dash

ETH would be the better choice than Dash as dash pumped so hard since last week and ETH just recently got a growth of 1xx% but the price still not exceed $50 so it would be good to turn btc > eth imo

McWorse

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You might be right, LoyceV.
But the other side is:
Sometimes it is better to decide and akt quick and controlled instead of provoking a civil war, which leaves the market splitted and for a long term confused. And the solution of this all will be a hard fork, too....

LoyceV

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Quote from: jeffthebaker on March 23, 2017, 12:09:34 PM

Ethereum is a joke now. Nobody thinks it's a serious, long term player anymore. It's appreciated in value solely because of Bitcoin instability and DASH pump. It can't sustain this price level, period.

I don't trust Ethereum one bit since it's shown to hard fork under centralized control. However, I never expected it to be pumped up so much. The whole "consortium" thing makes people fall for it, while The DAO showed smart contracts don't work because nobody understands the contract. Since smart contracts were Ethereum's sole USP, there's no reason left for it to exist.
And then there's the $4.6B market cap that proves otherwise. I don't think it has the long term "holders" the way Bitcoin has, while it's certain the creator owns many coins. Once the dump starts, I expect it to drop hard. But it can take long enough to go bankrupt trying to short it.

coinphilosopher

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Quote from: jeffthebaker on March 23, 2017, 12:09:34 PM

Ethereum is a joke now. Nobody thinks it's a serious, long term player anymore. It's appreciated in value solely because of Bitcoin instability and DASH pump. It can't sustain this price level, period.

Instamined and intransparent Dash has nothing to do with Ethereum.

I don't own a single Ether but am observing it. It's an interesting experiment and it's possible we'll see prices >100 in a year from now if there are usable "dapps". But for now I think the OP is right that the top of the bubble may be near (although 50$ have been passed). I'll buy in the next bear market.

tehMoonwalker

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Im just sad that i didnt buy more eth when it was around 12 dollars . All the eth haters are funny everyone who shorted at 40 s will be pissed now

Pattberry

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Quote from: jeffthebaker on March 22, 2017, 03:02:42 PM

Ethereum isn't worth nearly as much as it is valued at right now. It's riding the on the tail of Dash but that gravy train is about to dry out, too. Ethereum is going to reestablish itself back in the .01-.02 mark where it belongs. Who else is putting in big shorts?

You cannot evaluate anything just like that ,if people are investing in it then it does have the value and that can be said about bitcoin too because from a general perspective a common man cannot understand what the reason for a digital token to be valued and they always argue that the price is always hyped and that is the case with all the alt coins now,people now start speculating .

McWorse

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Quote from: legendbtc on March 25, 2017, 06:50:45 AM

Yes, this not the right to buy Etherum because already the price is really high. Because the price of bitcoin is dropping so many people are focusing on Etheruem, but it won't reach to 0.1 BTC.

If the drop of BTC will go on, ETH can rise to 0.1 without getting more worth.
If the drop of BTC will go on and ETH will rise its value, it can reach 0.2 BTC this year...

zby

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Quote from: jeffthebaker on March 22, 2017, 03:02:42 PM

Ethereum isn't worth nearly as much as it is valued at right now. It's riding the on the tail of Dash but that gravy train is about to dry out, too. Ethereum is going to reestablish itself back in the .01-.02 mark where it belongs. Who else is putting in big shorts?

So what is it worth in your opinion? How do you calculate that price?

jjacob

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Quote from: DonApp on March 25, 2017, 05:13:38 AM

Being the number 2 in market cap, people see it as a safe haven for the BTC/BTU discussion. I expect ETH to rise even more in near future.

That might be true, but there is a price beyond which it looks overvalued. And I think that price has already been attained.
Even with all the BTC/BTU uncertainty, people might shift to other alts because ETH is overvalued.

legendbtc

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Yes, this not the right to buy Etherum because already the price is really high. Because the price of bitcoin is dropping so many people are focusing on Etheruem, but it won't reach to 0.1 BTC.

RentGPU

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Quote from: vhong on March 25, 2017, 02:07:28 AM

Quote from: jeffthebaker on March 23, 2017, 12:09:34 PM

Quote from: RentGPU on March 23, 2017, 12:04:22 PM

Quote from: jeffthebaker on March 22, 2017, 03:02:42 PM

Ethereum isn't worth nearly as much as it is valued at right now. It's riding the on the tail of Dash but that gravy train is about to dry out, too. Ethereum is going to reestablish itself back in the .01-.02 mark where it belongs. Who else is putting in big shorts?

How do you know that eth not worth $40 or 50 or 100 , just because that's your opinion don't make it true, maybe it pumps because some investors think the opposite

Ethereum is a joke now. Nobody thinks it's a serious, long term player anymore. It's appreciated in value solely because of Bitcoin instability and DASH pump. It can't sustain this price level, period.

Gonna hold onto my short for a bit then cash out and buy hella Counterparty, I suggest y'all do the same.

If all that you said about Ethereum is true, why is it the price keep on climbing and right now has achieved an all time high of $51?

It's easy because it's not true , no one can tell you what he really thinks specially when it comes to trading, because in trading "your profit is someone else loss"

DonApp

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Being the number 2 in market cap, people see it as a safe haven for the BTC/BTU discussion. I expect ETH to rise even more in near future.

cakravothy

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this now not right time in margin short ethereum
because bitcoin price is down trend, every bitcoin price down all altcoin ussualy incraese price
so i think is good wait and see to margin short ethereum

thepo1m

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Quote from: jeffthebaker on March 22, 2017, 03:02:42 PM

Ethereum isn't worth nearly as much as it is valued at right now. It's riding the on the tail of Dash but that gravy train is about to dry out, too. Ethereum is going to reestablish itself back in the .01-.02 mark where it belongs. Who else is putting in big shorts?

It is a foolish thing to short a bullish market, unless there is a bad news in the space I believe Ether bull run will continue till July- August, it seems to have gain significant momentum

vhong

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Quote from: jeffthebaker on March 23, 2017, 12:09:34 PM

Quote from: RentGPU on March 23, 2017, 12:04:22 PM

Quote from: jeffthebaker on March 22, 2017, 03:02:42 PM

Ethereum isn't worth nearly as much as it is valued at right now. It's riding the on the tail of Dash but that gravy train is about to dry out, too. Ethereum is going to reestablish itself back in the .01-.02 mark where it belongs. Who else is putting in big shorts?

How do you know that eth not worth $40 or 50 or 100 , just because that's your opinion don't make it true, maybe it pumps because some investors think the opposite

Ethereum is a joke now. Nobody thinks it's a serious, long term player anymore. It's appreciated in value solely because of Bitcoin instability and DASH pump. It can't sustain this price level, period.

Gonna hold onto my short for a bit then cash out and buy hella Counterparty, I suggest y'all do the same.

If all that you said about Ethereum is true, why is it the price keep on climbing and right now has achieved an all time high of $51?

LLec

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Quote from: jeffthebaker on March 23, 2017, 12:09:34 PM

Quote from: RentGPU on March 23, 2017, 12:04:22 PM

Quote from: jeffthebaker on March 22, 2017, 03:02:42 PM

Ethereum isn't worth nearly as much as it is valued at right now. It's riding the on the tail of Dash but that gravy train is about to dry out, too. Ethereum is going to reestablish itself back in the .01-.02 mark where it belongs. Who else is putting in big shorts?

How do you know that eth not worth $40 or 50 or 100 , just because that's your opinion don't make it true, maybe it pumps because some investors think the opposite

Ethereum is a joke now. Nobody thinks it's a serious, long term player anymore. It's appreciated in value solely because of Bitcoin instability and DASH pump. It can't sustain this price level, period.

Gonna hold onto my short for a bit then cash out and buy hella Counterparty, I suggest y'all do the same.

Well you are right.
Ever since the DAO hack and then the split.
Even on my wallet I use it keeps asking me if I want to split the ethereum I just sent to it.
Whhhaat!? Now why would I do that and get ethereum classic that is pretty much worthless.
So is that what's going to happen with bitcoin when the hard fork happens and splits it down the middle with divisions called BCT and BTU? Embarrassed

Topic: Ethereum is not worth $40. Who else is shorting? (Read 1886 times)