Wall Observer

[adamstgbit]

on the supply side of ETH you have 10 to 50million coins thinking " i'll hit sell when it reaches the top "

on the demand side you have 1-2million dollars thinking " if i buy now i can sell back higher "

its a bubble. this has nothing to do with real supply and demand pure speculation... its that simple.

 

[Matthew Light]

ETH had a 10X run up after a 5X from IPO

I had the option to buy 2000 BTC for $20. Total, not $20 each coin. I intended to follow up on it but it was a pain to download and install the software, then mail off a check to a guy in another state and hope he deposited the BTC in my account. So I missed out on that opportunity. Almost certainly a good thing - I wasn't responsible enough to be wealthy at that time in my life!

Needless to say, that would have been a 40,000X run at today's prices. It is ridiculous? No. It's what happens when a new monetary system comes into being.

I do not think it can sustain a 1billion dollar market cap, its over, or soon to be over.

Bitcoin is (for now anyway) irrelevant to any new uses, users or investments - it's at capacity. That means it will either be repaired or replaced. As an outside observer until very recently, watching the behavior of Bitcoin ecosystem, my bet is now firmly on "replaced". Ethereum is the logical successor, which the marketplace has been signalling very clearly for a couple months now.

I think Bitcoin holders are suffering from the sunk cost fallacy. I don't see much of the new money having any interest in Bitcoin, while they are very interested in Ethereum. The future of cryptocurrency lies in the overwhelming number of people who are not yet involved but will be, not the few tens of thousands of people who made 10x - 100x or more from 2009-2013.

 

[adamstgbit]

first holy moly you're more old school then I.

and no no no no no.
BTC was a wild experiment, and when it started it was unknown to the world with the exception of a dozen poeple, then a few hunder and then thousands and then 10's of thousands etc....

when ETH was born it was made known to the entire crypto community in a matter of days.
it was well hyped, rightfully so, but wtv.

you simply cannot compare the two, its ridiculous.
you simply cannot expect a 100X return from ETH its ridiculous.
[doublepost=1458245710][/doublepost]I truly sorry you bought the top, hey if it makes you feel better i sold the bottom.
[doublepost=1458246045][/doublepost]MNW is that you?

 

[67 speedqueen]

ETH ... its a bubble. this has nothing to do with real supply and demand pure speculation... its that simple.

Exactly like BTC, what's your point?

 

[Matthew Light]

when ETH was born it was made known to the entire crypto community in a matter of days.

The "entire crypto community" today as defined by people who hold a significant amount of value in crypto (say: $5000 or more) could easily fit into a small major-league baseball stadium. Maybe even in a big high-school football stadium. Crypto is *TINY* right now.

Whereas this technology (cryptocurrency) is the future of money on planet Earth.

Early days...

 

[JimboToronto]

its a fairly smooth ride up... we'll be up and over 420 "forever" by the end of the day.

I certainly hope so. I just put on my shamrock Guinness shirt and I'm about to don my silly St. Paddy's day hat and head to the local for a few frosties and some live music, even if it's mostly hokey pseudo-Irish crap.

At least I don't have to worry about someone putting green food coloring in my Guinness. The only green I'll have to worry about is my complexion in the morning. Seeing the price of Bitcoin over $420 will do wonders for killing my hangover.

 

[adamstgbit]

The "entire crypto community" today as defined by people who hold a significant amount of value in crypto (say: $5000 or more) could easily fit into a small major-league baseball stadium. Maybe even in a big high-school football stadium. Crypto is *TINY* right now.

Whereas this technology (cryptocurrency) is the future of money on planet Earth.

Early days...

ok i'll give you that.
there is much potential in the space, ETH is sure to capture a significant market share ( if it doesn't implode on itself )
I still think ETH is far too risky and untested for it to be favored by investors. ( right now... )
Maybe 3 years of ETH running smoothly and it finding some real world usefulness, will result in 100$ ETH.

 

[ChartBuddy]

Coin

 

[Richy_T]

ETH bubble popping. -47% in 3 days

Maybe still has some legs... If you're a rollercoaster junkie, it seems the currency to be paying attention to, I guess.

 

[Norway]

Still no Classic blocks from F2Pool. It's getting unlikely and weired...

 

[Matthew Light]

ETH bubble popping. -47% in 3 days

High was .037 ETH/BTC, Low .0245 ETH/BTC.

That's -34%, not -47%.

And ETH lost 53% in early February, going from .017 to 0.008 before recovering and setting new highs later in the month. I expect lots of BTC whales will continue buying on weakness as they continue to escape the disaster unfolding there.

 

[ChartBuddy]

Coin

 

[Oblodo]

I am probably a fool. I bought ETH at .021, and sold at .036. Made a nice profit in BTC. Still have some ETH, but I have most of my assets in BTC. My nightmare the last year was LTC, I moved over 3000 LTC to the wrong wallet. I had forgotten the pass key, and now one year later, I can not access them. So I have to wait for better hardware to use for brut forcing it to come along. Maybe I should do some more altcoin trading, so far in 2016 I have made 3 digits of BTC in profits. Just pure luck, so do not ask me how. I just got in at the right time on VIA, XMR and URO. Since I am a Bitcoiner and not emotional towards other altcoins, I seem to be able to sell at the right time. Never at the top, but sometimes with over 100% gain in profits.
I think BTC is going to $430 before Easter, then go down to $380 after Easter.

 

[ChartBuddy]

Coin

 

[adamstgbit]

@Oblodo

you need to burt force a password or a Private Key for these LTCs

https://howsecureismypassword.net/

get a feel for how long it would take.

 

[ChartBuddy]

Coin

 

[Fatman3002]

Why does this keep happening?

Here's a thought: Write down your passwords in an "analog" notebook. Unless Vitalik Buterin is on one of his crack raids your friendly neighborhood junkie will probably not know what's what.

 

[Oblodo]

I always write down important passwords.. I just made an error when I set up the LTC wallet the first time. It was moronic and I should have known better. Having over 20 PCs running on my network and miners too, it sometimes becomes complicated. The LTC were only a few cents at the time, so I just let it go. But then again, I am happy I did not do the same with my BTC.

 

[rebuilder]

Oblodo: sounds like you probably have most of the password then? OTOH I guess you've already considered that.

 

[ChartBuddy]

Coin Explanation