Ethereum is not worth $40. Who else is shorting? - page 2.

jeffthebaker

legendary

Activity: 1526

Merit: 1034

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.

RentGPU

sr. member

Activity: 661

Merit: 258

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

LLec

hero member

Activity: 798

Merit: 501

But isn't that how it is with alt coins. Undecided

You ride it out until they run out of the steam and just go back down or just wittle and die.
You seen pivx?
It is getting hyped and people are buying into it.
Sure it has a self stalking wallet pos but it claims to have faster transactions than dash and bitcoin but they just started. Duhh! Not that many coins and transactions done yet to flood the coin's chain yet. Tongue

Shiroslullaby

sr. member

Activity: 434

Merit: 250

If you have the cash to risk it could pay off but it seems very risky right now.
Alts are riding high. I'm sure there will be a drop eventually as the hype dies down, but it might be another few weeks/ months before we see any real dip.

shanem

legendary

Activity: 1344

Merit: 1000

It is extremely dangerous to short any coin now. Whales can pump it to almost double its price just like DASH and you will get liquidated from your short position.
I know the prices are ridiculous but prices of these coins will remain irrational further than the time you can hold your short position.

Ketariz

newbie

Activity: 38

Merit: 0

If the bitcoin is still in trouble in the short term, the ETH will be worth more.

jeffthebaker

legendary

Activity: 1526

Merit: 1034

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?

Topic: Ethereum is not worth $40. Who else is shorting? - page 2. (Read 1886 times)