Ethereum

papu

BrokenArrows wrote: »

Jesus BTC is taking a real hammering the last while.
ETH remaining reasonably stable while BTC and the rest of the market is tanking.

BTC needs to drop to $6458 and it will be equal to the current market capital of ETH.

Is this the inevitable downfall of BTC?

Nope

Blacktie.

papu wrote: »

Nope

Maybe not downfall but the beginning of the dethronning started a year ago. Looks likely to happen this year.

BrokenArrows

Blacktie. wrote: »

Maybe not downfall but the beginning of the dethronning started a year ago. Looks likely to happen this year.

But i think once that happens and BTC no longer means Cryptocurrency in peoples eyes that it will quickly drop off the radar.

Unless BTC really quickly and successfully introduces Lightening Network its going to disappear quickly.

Dades

Is ETH starting to take on water now too...

Blacktie.

BrokenArrows wrote: »

But i think once that happens and BTC no longer means Cryptocurrency in peoples eyes that it will quickly drop off the radar.

Unless BTC really quickly and successfully introduces Lightening Network its going to disappear quickly.

I think you put too much faith in how fast people learn... It's gonna be a slow process.

PopePalpatine

I picked the wrong bloody time (just past 1pm) to do a SEPA transfer to Coinbase/GDAX to catch the last dip. :rolleyes:

smacl

PopePalpatine wrote: »

I picked the wrong bloody time (just past 1pm) to do a SEPA transfer to Coinbase/GDAX to catch the last dip. :rolleyes:

Same, put a sepa into kraken early this morning which didn't arrive until about 3. I'll check prices again first thing tomorrow, around 6am is usually the time (hangover permitting)

mulbot

smacl wrote: »

Same, put a sepa into kraken early this morning which didn't arrive until about 3. I'll check prices again first thing tomorrow, around 6am is usually the time (hangover permitting)

Is this a good time to buy?

smacl

mulbot wrote: »

Is this a good time to buy?

If you look at the charts over time, there does appear to be a trend of lower prices early in the morning before some markets get active. Nothing to say this a reliable prediction, just an observation. What I'd suggest is look at the historical data, and maybe make a few notes yourself starting now and going forward. FWIW, I'm very new to this too, in a net loss position of ~30% since starting out in late December, so do your own research.

Fakent.ie

mulbot wrote: »

Is this a good time to buy?

Buy if you believe in the technology, dont buy if u dont

Anthracite

Fakent.ie wrote: »

Buy if you believe in the technology, dont buy if u dont

The technology could be revolutionary, but the currency worthless. That's the problem.

grindle

Anthracite wrote: »

The technology could be revolutionary, but the currency worthless. That's the problem.

Depends on the utility of the currency/asset, it's more of a quandary than a problem.

Dardania

Anyone else notice there's a correlation between ETH & BTC on the go, with a slight divergence in the last few hours?:

https://yhoo.it/2nLJ56V

seannash

Dardania wrote: »

Anyone else notice there's a correlation between ETH & BTC on the go, with a slight divergence in the last few hours?:

https://yhoo.it/2nLJ56V

To be fair there's a lot of coins in correlation with bitcoin right now

Grumpypants

Touching the €700 mark again. Hopefully it gets some stability again......or rockets up...im fine with both

900 incoming

Dades

Doesn't seem like it's gonna happen...

Might be a slow march back to previous heights... if it ever does.

veryangryman

The forums gone very quiet since the plateau occurring. What is the current thinking on holding onlong term on this?

smacl

veryangryman wrote: »

The forums gone very quiet since the plateau occurring. What is the current thinking on holding onlong term on this?

Very difficult to estimate guess what a reasonable future value should be based on the utility provided. It does seem the be the basis for a huge amount of blockchain technology, but at what point that comes to fruition and whether ETH is a main player then is anybodies guess. Personally, I'm quite hopeful, but could easily see it dropping back to the level it was at mid-last year in the interim and if it did, then another spike like we saw over Christmas is also possible. Pure speculation, so the usual advice of don't invest what you can't afford to lose applies.

smacl

Any thoughts as to why ETH is faring much worse that BTC, LTC, BCC in the current downturn? I'd thought it might be the risk of eclipse attacks but that seems to have been patched.

JohnnyFlash

smacl wrote: »

Any thoughts as to why ETH is faring much worse that BTC, LTC, BCC in the current downturn? I'd thought it might be the risk of eclipse attacks but that seems to have been patched.

All the altcoin scams are built on ethereum. The ico asks you to send ether in return for their coins that they created out of thin air. If I was holding ether now as a result then i’d be looking for one of the increasingly rare channels back out into fiat. There’s no new money going into crypto, the tether thing could blow up at any stage, and the liquidity of the large fiat based exchanges has to be called into question. I think it’s the start of a rush for the exits from the smaller players in the game.

grindle

I wouldn't say the start of a rush for exits, this sell-pressure has always existed for ETH and won't stop unless or until it increases largely in value.

EOS alone have transferred 163k ETH to Bitfinex in the past month, but the combined weight of all ICOs will keep a pressure on the price comparatively until their sells dwindle. The sheer amount of ICOs last year will have to add sell-pressure.

As well as all the altcoin scams being built on Ethereum, a majority of the good projects are being built on it too. There are many with services behind them with people who need to be paid along with infrastructure that needs to be built for their service - you genuinely seem to still think it's all "magic beans" with no use or value and I thought you may have learned something over the past couple of months as you've recently been focused on correctly calling out scammy practices and coins rather than alluding to every single project being a scam.
Ah well. You might get it some day.

DeVore

Ethereum seems like its the engine behind both the scammy ICO's with no future and the genuine projects, some of which will be successes. If those successes turn out to be big hits then the currency will be the first to have a real tangible use/worth. People will NEED to buy Eth to drive the app (even if they may not even know they are buying Eth... the user doesnt need to know that the app uses Eth, they just need to know they put 5 USD in and it works. The fact that that 5 USD might be exchanged into Eth behind the scenes is a detail they dont need to know...) thats when ETH becomes powerful.

If that scenario plays out then Eth will be one of the serious winners as money flows in with a purpose at the end of it all. Right now people are buying ETH as part of the ICO's (as previous posters pointed out)... but when that translates over to people buying Eth to *use* in those products... thats game changing.

grindle

DeVore wrote: »

People will NEED to buy Eth to drive the app (even if they may not even know they are buying Eth... the user doesnt need to know that the app uses Eth, they just need to know they put 5 USD in and it works. The fact that that 5 USD might be exchanged into Eth behind the scenes is a detail they dont need to know...) thats when ETH becomes powerful.

This x1000

I've been trying to convince an ICO dev (gambling app) to reach out to mobile app devs as they can hook into his smart contract or website with no effort (he's leaving it open so anybody can hook into the contract via their own relay so the status of his site ultimately won't matter once mirrors are made) and present ads between bets or customise UX in whatever way they see fit.

Once Casper is running full tilt, liquidity between tokens and waiting times aren't going to be too much of an impediment and the user needn't be aware they're buying cryptos in the background, only that they're placing P2P bets with anything from 0 to 1% edge (there's the possibility for the bet-maker or house to give takers the edge but that would be a terrible business decision!)

The One Doctor

Good value in ETH alt pairings over the last few weeks.

Wombatman

RoboKlopp wrote: »

900 / 2 incoming

FYP

veryangryman

Would take a brave man not to wear brown pants with this atm. Im hanging on anyways, not much to lose by doing it (850 bought around timeit was hitting €1000)

smacl

veryangryman wrote: »

Would take a brave man not to wear brown pants with this atm. Im hanging on anyways, not much to lose by doing it (850 bought around timeit was hitting €1000)

Pretty much the same. Managed to increase my holding slightly by selling and buying back in, but missed the last drop and am now holding at a loss. I'm still optimistic ETH will do very well longer term, and if not, it was always a punt. If it drifts below €250, I've an order to buy in again.

Tinder Surprise

next real support looks around the $400

if it breaks that who knows

smacl

Anyone else planning on buying back in, if so, what price?