This guy nails what I've been thinking for a while now. There's no way ETH's current price is stable. It's going to crash back down to sub $50, maybe sub $20.
http://www.coindesk.com/icos-dumb-mo...hical-dilemma/
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This guy nails what I've been thinking for a while now. There's no way ETH's current price is stable. It's going to crash back down to sub $50, maybe sub $20.
http://www.coindesk.com/icos-dumb-mo...hical-dilemma/
dEth!Quote:
Originally Posted by madfranks
Yeah its coming! I think we may have a couple of weeks left. No doubt Eth will be the biggest loser, but I think we'll probably see the entire cryptocurrency market implode. Lets see if LTC will reach $100 before it is coming. I wouldn't be surprised IF it goes down to $10 in the crash...
I cashed out of most of my crypto holdings, because I am convinced that when ETH begins to crash, it'll pull down everything else with it, yes even BTC.Quote:
Originally Posted by Neuro
Of course it will happen. BTC will hold the best, but I wouldnt be surprised to see it down to below $1,000...Quote:
Originally Posted by madfranks
Besides no one ever got poor by taking a profit once in a while. And it will be cool to be able to buy back everything you sold for 1/5th of the price you sold for...;DQuote:
Originally Posted by madfranks
I hope so. I missed my first chance to do this back in '12 and '13 when LTC almost touched $50. I had over 2000 at that time and didn't sell a single one because I thought it would rebound. I held on and didn't sell all the way down to less than $2 per LTC. I've since learned more about the epic rises and falls of crypto, so this time I sold just under $50, so if it crashes back down to sub $10 I'll buy back in and wait a few years for the next swing up.Quote:
Originally Posted by Neuro
Bill Still last week,
https://i.ytimg.com/vi/atomo4blHQg/h...hXUWJJu9HHt36g 8:50
Bitcoin is NOT a Bubble, 1691
- 7,523 views
- 6 days ago
Bill Still 1-2 months ago,
- https://i.ytimg.com/vi/wBMG9L0YT2A/h...jvTxDGMaICZ9mQ 6:13
Bitcoin: How High Can It Go?, 1646
The Still Report
- 1 month ago
- 20,587 views
all his past bitcoin bloviations,
https://www.youtube.com/user/bstill3...?query=Bitcoin
Pat, I don't think the immediate issue is with BTC, it's with ETH (Ethereum). IMO, the fundamentals of BTC are still pretty strong, but the fact is that ETH is preparing to shit the bed so hard right now, and it will take BTC down with it.
Another option (if you are conspiratorial), is that BTC holders due to their dominance and old money boys network, conspires to keep others cryptos down. As the market goes into the mania phase they buy up the prices of alt-coins, and then they "create problems" for the competitors at the exchanges, get some negative articles in the cryptomagz, and sell in unison, effectively crashing the prize. BTC having the reputation of gold in cryptocurrencies is going down but much less than everything else. Perhaps the whales don't earn that much on the alt coin trading, perhaps they lose even, but the purpose is to keep BTC the unquestioned leader.Quote:
Originally Posted by madfranks
Just a theory which I haven't very much to support, apart from a feeling that this is the case.
Post crash as it starts stabilizing I think it is a good idea to buy BTC, as that is the one that starts gaining first, and then move into LTC and then other alts, also listen into what trollboxes promotes a lot in the mania phase, they will be winners. I did buy ETH at $120, and I could have tripled my money in 10 days, but I came to the conclusion that there was nothing that could motivate a price of +$10 B for ETH. Damn my reasons and reasoning!
There is such a hype around ethereum mining at the moment that you are not able to get graphics cards...
They'll be on sale soon then...Quote:
Originally Posted by Norweger
I don't think so. The amount of money people that have invested in their riggs means that they will be long. The ones selling today are the ones that got in early.
Yep increased supply and decreased demand always means a high price... ;) Early means those that got in a month or two ago then? And the rig owners don't need to pay for the electricity either?Quote:
Originally Posted by Norweger
Actually I was referring to the graphic cards, as ETH price collapse, so will demand for those.
I've been watching the Ethereum hash rate since I am also mining Ethereum. It appears to be tapering off. It got up to about 72,000 G/hs and is now (at current post) 64,324 G/hs. I also dusted off my old dual 7950 GPU's and started mining ZEC. Due to anonymity built into the protocol I see that one increasing in value, in particular with dark markets.Quote:
Originally Posted by Neuro
Yes and No. There are some fundamental problems with BTC at the moment. It's mostly with the 1MB block size limitation with miners and core development at heads with each other. Core wants to implement SegWit (Segregated Witness, Litecoin has already implemented with no issue), but Miners aren't keen on it because it takes some of the transactions off of the main blockchain (i.e. reducing their profits).Quote:
Originally Posted by madfranks
I believe that an 80-85% consensus was achieved and are planning on rolling out the Bitcoin SegWit fork July 21st of this year.
Dropped to $133 only to go back up to $275. I think another dip is coming considering how easy it is to mine still.
The swings are insane, and not just for ETH. Daily price swings plus/minus 10% or more are the norm right now. Highly skilled day traders are probably making a fortune trading these coins.Quote:
Originally Posted by Norweger
Crazy fluctuations these days. No crash yet.. was at $155 the 17th of July, is at $263 right now.
Ethereum breaks all time highs and is currently $1,450.Quote:
Originally Posted by madfranks
Don't be shocked if the price doubles within a month.
The Rothschilds are buying up Ethereum.
https://www.coindesk.com/rothschild-...ethereum-trust
:rolleyes:
There's still people on this forum that think crypto is made out of tulips.
There are still people on this forum who don't believe in the Laws of Nature and of Nature's God.
Man proposes, God disposes.