Ethereum price discussion

[Ander]

Absolute insanity in EXP right now. 

To think, the scraps of it I bought at 3000, if i had held, I could trade for like 2 million BTS right now.

[mf-tzo]

@luckybit and others I never owned a single eth because I don't understand its purpose but can you please explain me in 5 lines why ethereum should be worth $1 bil and what it can do that bitshares can't do and why bitshares shouldn't be worth equally? What are the differences and why eth is so superior?

I just don't get all this ethereum madness and I don't get it why people dump bts at these levels.
Please explain.
Thanks

[Ander]

Now an ETH clone, EXP is up 1100% today.  I'm sad because I bought a little of it at 3000 sats a while back, happily sold it for 15k, and now its 10x that.

[Ander]

Half a billion dollars.  42% in a day, wow.

[Ander]

I would think we would see a pullback here at the top of this range and consolidation for a few days or a week to the lower trendline but I could be wrong.  Indicators are off the charts but I remember in early 2013 bitcoin, these same indicators stayed off the chart for weeks.  This seems to be a steeper incline than that though, so the rise may not go as far. 

Ethereum is probably worth at least 1 billion dollars. It can and should go higher.

https://www.ibtimes.co.uk/r3-connects-11-banks-distributed-ledger-using-ethereum-microsoft-azure-1539044

Yeah, its probably going over a billion.  I wish I had more too.  At least I have some.

[luckybit]

I would think we would see a pullback here at the top of this range and consolidation for a few days or a week to the lower trendline but I could be wrong.  Indicators are off the charts but I remember in early 2013 bitcoin, these same indicators stayed off the chart for weeks.  This seems to be a steeper incline than that though, so the rise may not go as far. 

Ethereum is probably worth at least 1 billion dollars. It can and should go higher. Bitcoin is 5 billion and it isn't general purpose, it doesn't have the capability of governance, it's not as extensible.


https://www.ibtimes.co.uk/r3-connects-11-banks-distributed-ledger-using-ethereum-microsoft-azure-1539044

[Empirical1.2]

Glad I was too scared to do anything, because I was wrong, and it went crazy while I was asleep. 
Pretty much any time you think that ETH has topped, you are wrong, thats the lesson here.

Thanks to Chinese network effect, BTSX was starting a similar trajectory pre golden goose killer but I don't think China is that big on ETH yet so maybe more new money to come.  Unfortunately I don't have as big a position in ETH as I had in BTSX back in the day but still very nice.

Edit: If they cross a billion in the current market, I think they will get a lot more mainstream press as well.

[morpheus]

I would think we would see a pullback here at the top of this range and consolidation for a few days or a week to the lower trendline but I could be wrong.  Indicators are off the charts but I remember in early 2013 bitcoin, these same indicators stayed off the chart for weeks.  This seems to be a steeper incline than that though, so the rise may not go as far. 

[Ander]

Glad I was too scared to do anything, because I was wrong, and it went crazy while I was asleep. 
Pretty much any time you think that ETH has topped, you are wrong, thats the lesson here.

[BunkerChainLabs-DataSecurityNode]

The daily candle looks like a top to me, at least for a bit.  But I'm too scared to do anything.

This is hilarious Ander... why did you ever leave Bitshares!?!

You are saying all the same things you used to say about Bitshares in trading. So why not get back to trading on BTS?

Clearly you enjoy posting in this community.. might as well be a part of it again.

[Ander]

The daily candle looks like a top to me, at least for a bit.  But I'm too scared to do anything.

[Ander]

Just when you think its finally starting to drop, someone starts buying it back up again.

[Ander]

Looks like the first real pullback since it broke above .007.
I really have no idea where its going.

[Ander]

And another new high.  Wow.

Thats why you dont short.

you were right and I was wrong.

Well, if you managed to cover on the drop to .01002 then you couldve still made it work out, hopefully.

Shorting right now is just gambling.  You are hoping to get lucky in hitting a top.  Yes you can make moeny if you get it right, but you can also lose a lot. 

I find that when ETH breaks out to a new high, you shouldnt short it, you need to wait until it creates a trading range again.  Then when its near the top f that range you can short it, and cover if it breaks to a new high, or if it drops to the bottom of the range you cover for profit.   


But really, longing ETH on dips has been way more profitable recently.   You just gotta make sure to sell if it ever breaks the uptrend.

[Methodise]

Once the pump finishes, people will get bored holding a hypecoin with no GUI and and smart contracts that are clearly inferior to those on BitShares. They will then start to look at the liquidity and beauty of our DEX and come flocking over. Ethereum's market cap is just a glimpse of the great times to come for BitShares.

Im bringing out my inner Stan.

lol, traders never care about GUI .
They trade on the exchanges .

I trade Bitcoin for half a year without even touching the Bitcoin wallet

Yes you trade on an exchange that has a decent GUI. Well done.

mmm.