Ethereum price discussion

[lil_jay890]

It would be an awesome development for bitshares and all crypto 2.0 if Ethereum passes bitcoin.  It will break the idea that bitcoin is the only legitimate crypto currency and everything else is a "shitcoin".   Investors and developers will then start looking at other crypto projects as viable investments instead of thinking the only investment/platform has something with a direct connection to bitcoin.

[Akado]

People want a new bitcoin, a new bubble, forcefully. Cagara might be a huge whale but you can't fight the market I guess. Once thing we can be it's less 500btc he will have to short bts when it goes up.

[unreadPostsSinceLastVisit]

I just dont see it. other cryptos aren't going up. its a bubble waiting to burst.

[morpheus]

Or maybe its the top and I look dump.

But for god sake do not lose all your collateral shorting this monster.

I agree shorting would be a bad idea right now.  Dont jump in front of a freight train.  Of course it may be a bad idea to chase higher at this point too.  I actually sold about 10% just to lock in some profits and as more or less a hedge in case this rally Peters out, but holding the bulk for higher prices.  The 15 dma looks like a good indicator on this one.  It could go much higher.  .02, .04, .07 who knows.

[nomoreheroes7]

mfw 100% BTS.

lol

But yea I too think it's gonna dump hard sooner than later. Not gonna risk shorting it though.

[unreadPostsSinceLastVisit]

merockstar if you shorted above .011 youre good, just make sure you cover on this dip!

what is your reasoning?

how do I know you dont wanna just dump on me?

stupid thought, maybe i should consider covering

[Ander]

merockstar if you shorted above .011 youre good, just make sure you cover on this dip!

[Ander]

I do think there is a good chance itll correct to low .01 range right now though.  But beyond really short term moves, shorting is very risky.

[Ander]

Actually nevermind, they reduced their eth payout today. lol.

[Ander]

If you have no eth you better start hitting this every hour.  .01 ETH each time, thats like 4 cents per faucet hit!

http://free-ethereum.com/signupin/50760

[unreadPostsSinceLastVisit]

welp, just shorted some eth. I don't normally like to gamble but this... this is just too obvious...

lets see how this goes.

NO.


My god I hope you guys are long ETH, or hold some ETH, or something.

how is eth not about to plummet?

It could.  It could plummet any time.   Or it could just go and go and go up until $100. 

If you short you are gambling with the potential of losing all your collateral.

I do have some Eth. if it goes up to a hundred and bitcoin doesn't go up as much then that works out pretty good for me. in spite of getting margin called.

but it'll probably go to like 5 or 6 or just enough to fuck me then fall.

[Ander]

welp, just shorted some eth. I don't normally like to gamble but this... this is just too obvious...

lets see how this goes.

NO.


My god I hope you guys are long ETH, or hold some ETH, or something.

how is eth not about to plummet?

It could.  It could plummet any time.   Or it could just go and go and go up until $100. 

If you short you are gambling with the potential of losing all your collateral.

[Ander]

Don't be like cagara, who just told polo chat he is at -512 btc in his ETH short. :P

[unreadPostsSinceLastVisit]

welp, just shorted some eth. I don't normally like to gamble but this... this is just too obvious...

lets see how this goes.

NO.


My god I hope you guys are long ETH, or hold some ETH, or something.

how is eth not about to plummet?

[Ander]

Or maybe its the top and I look dump.

But for god sake do not lose all your collateral shorting this monster.