Ethereum price discussion

[werneo]

The top of the channel is currently around 0.036. It is possible we might see a surge to 0.036, but at this point the risk of staying in ETH outweighs reward. Yes, ETH will continue to appreciate in the future,  but for the near term I'm expecting a price correction, possibly as low as ~ 0.0235, before the uptrend resumes. BTW, if it gets down that low,  it will be a spike caused by margin calls, and the price will probably recover very quickly. (On the flip side, if the price substantially breaches 0.036, it will be a case of irrational exuberance and all the above will be invalidated, at least for the short term.)

Possibly tomorrow. IMHO.

[Tuck Fheman]

It's time for a correction.

You might be right, I think it's about to crash upwards correcting from this lull. ;)

[btswildpig]

"Ethereum with it's billion dollar market cap and correspondingly large development fund will continue to move ahead with so many tools, they're going to become the Microsoft of virtual machines on blockchains."
- Daniel Larimer

Excellent. Dan said some very important things in that clip. He said the Ethereum virtual machine is "here to stay",  and that Ethereum is set to become the Microsoft of blockchains. Wow. He also said some interesting things about sidechains and the future interoperability of bitshares with other blockchains like bitcoin and Ethereum. Good mumble session. Thanks for posting that.

Ethereum now is the same Ethereum when the price was 1/20 .

BM's word proved my point  : Capital will make you believe in a tech . All that matters in the end is capital .

I wonder what BM will say when ETH price drops back again (if) ...

[werneo]

"Ethereum with it's billion dollar market cap and correspondingly large development fund will continue to move ahead with so many tools, they're going to become the Microsoft of virtual machines on blockchains."
- Daniel Larimer

Excellent. Dan said some very important things in that clip. He said the Ethereum virtual machine is "here to stay",  and that Ethereum is set to become the Microsoft of blockchains. Wow. He also said some interesting things about sidechains and the future interoperability of bitshares with other blockchains like bitcoin and Ethereum. Good mumble session. Thanks for posting that.

[werneo]

The price of ETH is at the top of the channel. It's time for a correction.

[infovortice2013]

yeah when any exchange that make fractional reserve pushing down prices take it its going to be a drama

[Tuck Fheman]

"Ethereum with it's billion dollar market cap and correspondingly large development fund will continue to move ahead with so many tools, they're going to become the Microsoft of virtual machines on blockchains."
- Daniel Larimer

[Akado]

I hate to ask this but with poloniex having most of the volume, can we be certain no such "Willy" bot is playing out similar to Gox?  I'm not knocking ETH, just makes one wonder about third party exchanges and exactly what the BitShares project is trying to fix.  Please do not turn my question into a ETH or BTS subject, simply asking about a third party exchange and the potential for another "willy" bot.


https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/

There's no way of knowing that. Any exchange can play the books. Except ours  :D

[Brekyrself]

I hate to ask this but with poloniex having most of the volume, can we be certain no such "Willy" bot is playing out similar to Gox?  I'm not knocking ETH, just makes one wonder about third party exchanges and exactly what the BitShares project is trying to fix.  Please do not turn my question into a ETH or BTS subject, simply asking about a third party exchange and the potential for another "willy" bot.


https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/

[Tuck Fheman]

diving to fast is not appropriate either   :P

Logs indicate that you placed an order to sell 0.02560000 ETH at a price of 500.00000000 BTC instead of an order to sell 500 ETH at a price of 0.02560000 BTC.

Slow down my man. Glass breaks easily. ;)

[cube]

all crypto is rising against a common foe. embrace eth's rise as your own, even if not invested.

Well said. Crypto rise is good for us - the ones who believe in the liberation from the central controlled fiat systems.

[liondani]

The ETH BTS refugees are spiking BTS ETH right now.

ftfy ;)

diving to fast is not appropriate either   :P

[werneo]

ETH on Chinese exchange chbtc.com

https://www.chbtc.com/news/show-1312-proclamation

There are unsubstantiated rumors that OKCoin is next.

[Buck Fankers]

Snip

bro do u even eth? ;)

seeing eth go moon should be welcomed and cheered by all cryptos. it's good for everyone. only the fearful, un-hedged or fiat chasing sheep who feel like they are "missing out" on a payday would discourage such a rise from another crypto-platform.

at least that's how i see it. not firing shots, just making an observation. all crypto is rising against a common foe. embrace eth's rise as your own, even if not invested.

[BunkerChainLabs-DataSecurityNode]

My god, she's unstoppable.