Post
Topic
Board Speculation (Altcoins)
Re: ETH price soaring. Are you going to move some BTC into ETH?
by
RyNinDaCleM
on 09/02/2016, 19:14:52 UTC
There's a very real chance that ETH goes to $10-30 and even $50 in the next weeks, think about that, bubble or not, the opportunity to make ACTUAL money is right there, that's how rich people make their money.

On the wings of such dreams do the whales play.

This^

I see this like the Litecoin P&D before the halving. Euphoria will be high and fomo will be higher, then BAM it's dropped 60% in 10 minutes. Stops will do noting but sell at the lows here. Good luck to all, I have sold mine at my target between 94 and 97. I will not be back in until a massive correction comes, and maybe not even then.

Even if it does break .01 (I never said impossible, only improbable) I stand by my statement that BTC won't rally until ETH completes or vice versa. One will affect the other, so watch both for the signs.

Trade on!

So because you got out at your target then the rest of us are screwed? I'm not saying ETH will save the world or be the next Bitcoin, but if it behaves a little like Litecoin and keeps pumping a little more, I'll at least get out with my initial investment intact. Of course there's the chance that the bubble will pop at 0.01, but if it doesn't you have to admit that many of us will make a lot of money (I don't even have that much at stake really, if I lose on the way down I'm sure it will be peanuts in real life money).

Absolutely not! I wish everyone good luck. I just know how these things can unfold (I have seen many in my time in crypto) and I don't have the luxury of babysitting my position all the time, so I get out at my planned point. "Plan your trade, trade your plan". I know many will think I'm just talking my own book, but many others can attest that I have tried to be helpful/truthful when it comes to my publicly posted analysis. Considering the bubbly nature of this rally, I may be way off on my target. I am ok with that because my planned trade went as expected, but since it is bubbly, it becomes that much harder to target an exit, so I choose not to chase