Topic: Wall Observer/Research ETH/BTC - Ethereum price movement tracking & discussion (Read 5671 times)

$100 is around the corner

Just happened!

Ethereum Price Technical Analysis for 12/11/2015 – Testing Channel Support 

http://www.newsbtc.com/2015/11/11/ethereum-price-technical-analysis-for-12112015-testing-channel-support/

Ethereum Price Technical Analysis for 11/11/2015 – Check Out That Reversal Pattern!

The technical indicators on the 4-hour time frame support further gains in ethereum price, as the 100 SMA just crossed above the 200 SMA. This signals that the path of least resistance is to the upside from here, indicating that price might have enough energy to surge past the neckline and sustain its climb.

http://www.newsbtc.com/2015/11/11/ethereum-price-technical-analysis-for-11112015-check-out-that-reversal-pattern/

Microsoft is not the same company it once was. Sataya is hungry for change. Microsoft "the sleeping giant" is awakening. Mark my words.

The move theyre making with crypto insures that they will stay on the forefront of the computer industry as they always have. They make tactical moves such as this. Very smart company. Apple and Google should fear them.

 

That's impressive..

Can anyone explain why Microsoft are all over this ?

Just doesn't seem like their 'bag'.

https://azure.microsoft.com/en-us/blog/ethereum-blockchain-as-a-service-now-on-azure/

If the current levels are able to keep gains in check, ethereum price could retreat to the broken triangle resistance at 0.0025 for a quick retest. If this holds as support, price could move back up to its highs at 0.0030 and beyond.

Stochastic has just reached the overbought zone, indicating that the rally is already exhausted. RSI also checked in the overbought region and is starting to head down, signaling that bulls might need to take a break from here.

In addition, the latest candle right on the 0.0030 resistance appears to be a doji, hinting at a potential short-term reversal from the breakout if the next candle closes below its low. If the succeeding candle closes above the high or the 0.0030 level, it signals that bulls are refusing to let up and that another leg higher could be seen.



In addition, the 100 SMA is still below the 200 SMA right now, which means that bullish momentum might not be as strong yet. An upward crossover might be needed to confirm that ethereum price could sustain its climb. In this scenario, the nearby resistance levels are located at 0.0033 and 0.0040.

BITCOIN WILL BE AVAILABLE ON ETHEREUM BLOCKCHAIN

DEVCON NEWS: http://btcrelay.org

BTC Relay allows Ethereum developers to interact with the Bitcoin blockchain and verify Bitcoin transactions. Relayers who submit blocks to support the Relay can earn Ether.BTC Relay is an Ethereum contract that stores Bitcoin blockheaders. BTC Relay uses these blockheaders to build a mini-version of the Bitcoin blockchain: a method used by Bitcoin SPV light wallets.
BTC Relay is open-source, trustless, autonomous and decentralized: it is on the blockchain for all to use and not controlled by anyone.

I suppose only time will tell.

Agreed. Will be interesting to watch the next 14 days

I agree. BTC price is now more stable ETH can start it's rise.

I have followed ETH market very close in the next past month...


I am so secure that ETH will rise up, ETH have a really strong projects on his back, the DEV are so professional and skilled, the comunity is AMAZING.

The low price of these days was only because the high BOT traffic related to BTC speculation.

The famous 177.77 ETH order on poloniex...


ETh to the moon!

My thoughts excatly. I bought a little Ether for those reasons. I'm waiting for Devcon to start tomorrow, will be an interesting week for sure.

Looks like volume on most trade is going up!

Now that Bitcoin has settled down a bit and the DEVCON1 conference is a couple days away, I feel now would be a good time to hold some Ether. That bitcoin fluctuation really messed with it, so I'm glad that ride is over with. Hopefully a lot of positives will come out of the conference, and I'm looking forward to hearing what Microsoft has to say.

Lot's of price volatility going on for ETH. I bought in at 230k. I feel I could have gotten it a lot cheaper.
Anyway ETH is the only alt that I have faith in. Lots of apps being developed for eth and the Microsoft deal is huge.

In case anyone was wondering how exactly Ether will be used on the Ethereum platform: lets peek under the covers...in order to power the decentralised web, Ethereum cannot possibly rely on any centralised authority (because that authority could manipulate the database). Instead, every node that participates on the network holds a copy of a decentralised database, which they audit.

The network nodes process the code that is being executed in the database and come into agreement as to what the correct state of the database is through a vote. Majority always win the vote, and nodes are incentivised to do this verification work. Voting takes place at regular particular intervals, on average every 12.7 seconds.

Contracts are triggered and executed when users or other contracts call them.

If you were thinking that this necessary approach presents limits in terms of processing speed, you’d be correct. The total processing power of the Ethereum network, regardless of the number of nodes that forms it, is equal to a single smartphone from 1999. This means that you’re not going to want to store megabytes of data on the Ethereum network, or render 3d graphics. There are of course workarounds to this, including our upcoming storage solution called Swarm and our secure messaging protocol, Whisper, both companion technologies to Ethereum.

It also means that because computing power is limited, it has to be measured carefully so that no single actor can commit evil deeds such as running infinite loops on all the world’s Ethereum nodes. This unit of measure is called ‘gas’.

Gas comes into play when you try to make a contract do something. You ‘call’ a function of the contract, which then executes the code in that function. It could be validating an escrow, or ‘like’ a friend on a decentralised social app, or transfer an amount of contract-specific token to another user, etc. Anything.

In order to execute this function, the contract will need gas, just like your car does. So, as part of the function call, you specify how much ‘gas’ you want to send to the contract, and how much you’re willing to pay for that gas (priced in ether, Ethereum’s fuel and unit of account).

The different operations a contract can support are priced differently. One execution cycle cost one gas for example. Others, like writing to storage, cost considerably more (because storage is a very scarce resource).

If you send too much gas to the contract, and it doesn’t use all of it, it is refunded to you. If you send too little, the contract stops and rolls back (just like your car when it’s ‘out of gas’).

How gas is priced depends on the global consensus of the community. It’s therefore likely operations that have the best-priced gas will be executed first on the network, and the rest a bit later.


With that said...I could see the resting price sitting at $5-10 USD in the near future. Not much higher as the only reason it could go that high is speculators holding ETH or companies like Microsoft and independent developers hording ETH for their DAPP development projects.

Ethereum show no strength while Bitcoin price is rising from day to day. it seems investors have less trust into the coin yet.

Until this bitcoin bull run stops it is extremely risky to own ETH. It will surge on its own merit in the coming week(s), but not during this btc run. Best thing I did was exit my position allowing me to buy much more at the lower prices. This washout will spread the coin out further which in return will strengthen it in the long run. I feel it still needs another decent dump to build a base and gain traction. It needs to hit the 50c and hold to prove to me and many others that a bottom was formed. Stormy weather ahead, that's my prediction.

ETH is very volatile at the moment with big movements here and there. I don't get it why ETH is dropping so much when bitcoin is rising.
Isn't ETH supposed to be tracking BTC?

I bought in a little, but im still not convinced that was a good idea.

Entered around .0017

When the next rally begins its gonna be a massive one guys. Get ready!
Ton of forces at play here trying to manipulate ETH price....its set to explode over the next 14 days.

Its written in the sand. This BTC rally will only last so long and money will start flowing into ETH. Only a matter of time.

 

Whoops

Look for a fresh rally beginning as early as this Wednesday -Thursday the latest.
This is a historic time for both BTC and ETH.

ETH will break 800k anytime now. Support is growing at this level and we are about to spring into space.

https://letstalkbitcoin.com/blog/post/the-ether-review-3-roman-mandeleil

Both bitcoin and US dollar dropped a bit. The mining hash speed is at record. If the difficulty continue to rise, there will be no profit for miners.

Really good to see the buy support growing across all exchanges!!! ETH is going to the moon fellas!

Yes I don't see it never dropping to 30 cents. We are now sub 300k but price is still above 1 dollar because of BTC sudden rise.
I think we will see lower prices but not by much maybe 80 cents if lucky.

its at $1.05 now how do you think it will drop to .3 lol ?! we already saw over the weekend the new floor at least till devcon is .91

If it drops to below $0.3. I will stop mining and buy some. At $0.3, the cost of mining is higher than the Eth price.

I don't think it will drop quite that low. Now that the Microsoft news is confirmed I think 60 cents will be the bottom.

It could be...

Maybe the pump has finished and the dump has started. Coin trading is difficult for us. We are not whales.

back to 0,45 cents my friend.

Looks like we have found the floor here! Price is trending back up. We should test the new ATH by end of next week.

Thanks buddy. Interesting to think about....

Genisis (60M Crowdsale+12M Other):   72,009,990.49 Ether
Generated From Mining:                   2,456,924.42 Ether
Current Total Supply                          74,466,914.92 Ether

So the market cap will be $744M if the price is $10.

All I know about this coin is it has a future. How bright that is I have no idea. The price isn't phasing me at all.
I don't hold so much of these coins but I will hold them and hope to be pleasantly surprised in the future.
I agree with other posters that its put up good resistance against the weak hands.  

Interesting...well I see we have found quite a bit of support at this level...I expect action to die down over this weekend as orders don't get in for BTC till next week for most people. This weekend is all about shaking out weak hands, before next weeks rally

It depends on when it hit $10 because of ETH yearly inflation, just like BTC

Is ETH the only currency that will be used on ETH based applications?

Does anyone know what the ETH market cap would look like if the price of one ETH was $10?

The Ethereum price dropped 15%. It has risen too fast. It need some time to absorb the selling of bag holders.

I don't think we will see the price fall far at all. We are seeing surprisingly strong resistance right now.

Got a nice big order waiting for the weak handed to start dumping. All it takes is one big drop at this tension level to get others to fold their hands. I'll be at the bottom scooping them up heh.

Prepare for an attempt to shake out weak hands....incoming now.

Exactly. Smart moves brother.

There are bound to be dips every now and then on the way up. People who are misinformed / unsure about the project.


Just do us all a favor and link them to my OP. Then let them decide what they think the future may hold.


JUST ADDED NEW SPEECH TO OP:

One of the best speeches on the power of the cloud made by CEO of Microsoft Sataya Nadella: https://youtu.be/4LHwdx53PYE

Yeah im thinking $2-4  though which is why im buying at the lows trying to double my money

To much premine. More than 95% of coins out there are premine. These coin will sell for $2 and still make huge profit.

$10 woul be insane whats the market cap at $10 thats like what 800 million from 80 mil ? i cant see that any time soon.

The problem with Eth is the huge pre-mine and the tons of coins that are already out there which limits the value of each indivudal eth.

Awesome. Thanks for the info, Blazin. I agree, Ether is a powerhouse hitting the market and most haven't realized it yet. Wait until it begins bleeding over into the mainstream media. It hasn't even hit those airwaves yet, but it seems to be doing just fine right now. I won't hold my breath for $10 just yet though. If it hits $2 or $3 I'd be equally happy. Unfortunately I was not an early investor for Ether since I was a bit late to the game myself, but I have done lots of research over the years on bitcoin and then ether as of lately. I will definitely be increasing my holdings over the next couple of months.

The price of Ether has risen a lot from the recent bottom. This might help the foundation to survive longer. Hope the foundation is competitive enough to develop something nice.

Etehreum has a pokemon icon as logo 

It will hit probably $10 USD in the near future....don't see it going any higher for some time. .. now that we have Microsoft under our wing things are looking even stronger than ever before. We could not have asked for a better sponsor for this coin!

Could go much much higher once we switch over to POS.

MIST wallet is releasing next week ( first DAPP on Ethereum) * The official release of the ETH Decentralized Wallet app https://blog.ethereum.org/2015/09/16/ethereum-wallet-developer-preview/

You talk like you've been butthurt and are missing out on cheap coins.

Hop on board. This is the BTC boat all over again I'm calling it now. Hell we could see $50 an Either sometime in the near future.

Who knows.

All I know is this is the digital fuel of the future and I will be flush with reserves of it for my coding projects.

You talk like a scammer. Good luck to you though brada

The volume and buy support on POLO has been building over the past 72 hours...I see a stronger trend upwards forming. I believe we could wake up tomorrow having broken the 672,721 Satoshi floor I have been predicting.

Only time will tell.  The question people here need to ask themselves is...do you see the bigger picture and the implications of this?

Read the OP and watch all the links...then come back here and comment. Use all that information and research to help influence your decision and outlook for the future.

Follow your gut.

IMO its only natural for ETH to succeed now. The Microsoft Azure platform is used across countless businesses all around the world.

Microsoft has brought crypto to the masses...who would've thought...I thought it would've been Google or Apple or some other company....


Great things coming for MSFT...

i wonder if they would have been able to even get this far as they did if they didnt raise any money. if it was just done by a nobody and no one got paid, i think that might seem more noble of a cause. its hard to say. chicken/egg issue.

HERE WE GO STRAP IN FELLAS

It doesn't mean much. I'm very skeptical ETH will ever get anywhere. It should have been in development much longer before distribution begin.

IBM is still using it for ADEPT...this further increases the strength of ETH.

ETH will DECENTRALIZE everything. It was what the INTERNET was supposed to be and what BITCOIN IS SUPPOSED TO BE DOING RIGHT NOW.

However it is not a competitor of BTC it will further empower it.

DECENTRALIZE EVERYTHING SO SHIT LIKE THIS NEVER HAPPENS AGAIN : https://youtu.be/gMxhIfG0MpY

what happened to ibm adept hype?
also how many people ever heard of this microsoft azure? my bet is not much, less then 0.000001% of world population.
the question is of this 0.0000001% how many would care about it.
my bet is when the hype is gone again, the price would fall below 100k.
next hype... google using etherieum as their toilet paper in every rest room.

This is the kind of hype that make people lose big in trading.  But 1 ETH = 10 USD is welcome nevertheless.  We'll see...  

Edit:  OP changed.  Should have quoted it.

well if this is going to happen.... 10$ = 1 eth. then too many people are too rich.

Wall Observer/Research
A free service brought to you by the Blazin8888

Posting guide lines:

Please lets keep this thread clean.
Do not post random comments on this thread regarding other coins, unless it is directly related to ETH and not FUD. Feel free to post all your speculation and analysis of Ethereum and its price movement here. We can all use this thread to collaborate and brainstorm as well. Below you will find some of my thoughts + research I have done. I will constantly update this OP with new fresh links and updated info as I go along this journey with you all. My goal is to bring you as much information and knowledge as I can.


THOUGHTS:

I believe we are in the most historic time in crypto since the inception of Bitcoin itself. Now is the time people are accumulating ETH. I suspect that this post will be read hundreds of thousands of times over. This is the coin that will bring BTC and the entire crypto economy of ALTS to light. That could be why we are seeing this pump, people high up in MSFT and others super late to bitcoin, but with Ethereum they can inject themselves in from the start and help shape it.  MSFT devs etc...all speculation I know but... I would not be surprised if they just started funding Eth dev directly by buying eth. Ethereum is much more software like than bitcoin i.e with smartcontracts and DAPPS not just a glorified ledger like Bitcoin. ETH is going to play on all the other strengths that BTC could have brought to the table but simply can not handle...it just gave us the blueprint for it. What does this mean for BTC? I think it will further empower bitcoin and make it even more widely adopted. BTC wills serve as digital gold because it was the first. Ether will truly be a "digital fuel". Microsoft has its sights held up high and do not forget how fiercely powerful this company is. It was fought and shot down in the 1990s for its monopoly practices and took a hit. Microsoft is coming back with a force. Do not forget they were the first ones around. Before Apple and Google. Bill Gates knew his company was going to rise to the top eventually. Sataya Nadella is poised to change the world and hes the perfect person for the job. When you come from nothing like him...from a place like india....it gives you a different perspective on the world. His goal is truly to empower each and everyone of us because he truly believes technology can save/change the world for the better. Most of us here working on crypto believe crypto has the same implications for the world. Microsoft sees this potential to help the underbanked and so on. The time is now my friends.  Ive been furiously mining Eth with around 1GH/S of hash rate for a few months and buying on the dips.  From this point on i think ill stop selling what I mine and also buy more eth weekly on the dips. I could see this popping to $10/eth some time next year don't want to miss that boat.  What scares me more is we dont even have a killer app yet.If Augur or one of those other etheruem based projects blows up we could be kicking ourselvs next year for not loading up. Not a pumper myself , but i missed the early BTC boat, missed the LTC boat I'll be dammed if i miss another.  Worst comes to worst i break even and sell my hardware. I have found some other videos regarding Microsofts future vision for their Azure platform and this all seems like a line written in the sand. Its clear guys...the time for Crypto to shine is now and MSFT is going to take it there. This is the best news to happen to the world since Bitcoin was created itself. This further empowers Bitcoin in so many ways. I'm calling this floor right now.

RESEARCH:


http://techcrunch.com/2015/10/28/microsoft-partners-with-consensys-to-use-ethereum-to-provide-blockchain-as-a-service/

http://blogs.wsj.com/moneybeat/2015/10/28/bitbeat-microsoft-to-offer-ethereum-based-services-on-azure/

https://blog.ethereum.org/2015/10/28/microsoft-to-sponsor-ethereums-devcon1-2/


Check out this interesting MICROSOFT DOCUMENTARY: https://youtu.be/6EGudaWlpHg

Here is an interview from Bill Gates on his outlook for the next 15 years: https://youtu.be/8RETFyDKcw0


One of the best speeches on the power of the cloud made by CEO of Microsoft Sataya Nadella: https://youtu.be/4LHwdx53PYE

Interesting speech by CEO of Microsoft made in India ...to a bunch of IT students: https://youtu.be/hw00mtT9cLg "Rich cloud infrastructure" "In fact the way I decscribe it is, every device creates this exchaust of data, and the cloud and the power in the cloud can converge that into the fuel...and the intelligence that empowers every one of your experiences". - MICROSOFT AZURE. (quote starts at 5:19)

Another interesting interview made last month (get to know Microsoft and their future vision further): https://www.youtube.com/watch?v=8BourVzXU5o (starts talking about power of AZURE at 7:00)

Paris Microsoft Enterprise group meeting: https://www.youtube.com/watch?v=LQ8Hiss2EkE - shot back before Sataya was CEO -- Satya was responsible for building and running Microsoft's computing platforms, developer tools and cloud services. He and his team deliver the "Cloud OS." and was Rumored to be on the short list for CEO at this time, he shares his views on the future.

MICROSOFT AZURE CLOUD VIDEOS: 1.https://www.youtube.com/watch?v=ZNgvZE0MLeo 2.https://youtu.be/JJ44hEr5DFE


AZURE ARTICLES AND MORE INFO: 1. https://azure.microsoft.com/en-us/case-studies/  2. http://news.microsoft.com/cloud/index.html



How exactly Ether will be used on the Ethereum platform:

lets peek under the covers...in order to power the decentralised web, Ethereum cannot possibly rely on any centralised authority (because that authority could manipulate the database). Instead, every node that participates on the network holds a copy of a decentralised database, which they audit.

The network nodes process the code that is being executed in the database and come into agreement as to what the correct state of the database is through a vote. Majority always win the vote, and nodes are incentivised to do this verification work. Voting takes place at regular particular intervals, on average every 12.7 seconds.

Contracts are triggered and executed when users or other contracts call them.

If you were thinking that this necessary approach presents limits in terms of processing speed, you’d be correct. The total processing power of the Ethereum network, regardless of the number of nodes that forms it, is equal to a single smartphone from 1999. This means that you’re not going to want to store megabytes of data on the Ethereum network, or render 3d graphics. There are of course workarounds to this, including our upcoming storage solution called Swarm and our secure messaging protocol, Whisper, both companion technologies to Ethereum.

It also means that because computing power is limited, it has to be measured carefully so that no single actor can commit evil deeds such as running infinite loops on all the world’s Ethereum nodes. This unit of measure is called ‘gas’.

Gas comes into play when you try to make a contract do something. You ‘call’ a function of the contract, which then executes the code in that function. It could be validating an escrow, or ‘like’ a friend on a decentralised social app, or transfer an amount of contract-specific token to another user, etc. Anything.

In order to execute this function, the contract will need gas, just like your car does. So, as part of the function call, you specify how much ‘gas’ you want to send to the contract, and how much you’re willing to pay for that gas (priced in ether, Ethereum’s fuel and unit of account).

The different operations a contract can support are priced differently. One execution cycle cost one gas for example. Others, like writing to storage, cost considerably more (because storage is a very scarce resource).

If you send too much gas to the contract, and it doesn’t use all of it, it is refunded to you. If you send too little, the contract stops and rolls back (just like your car when it’s ‘out of gas’).

How gas is priced depends on the global consensus of the community. It’s therefore likely operations that have the best-priced gas will be executed first on the network, and the rest a bit later.


With that said...I could see the resting price sitting at $5-10 USD in the near future. Not much higher as the only reason it could go that high is speculators holding ETH or companies like Microsoft and independent developers hording ETH for their DAPP development projects.


After reading all this and watching these videos, what do you think lies ahead for the future price of 1 Ether?


You decide.