Post
Topic
Board Speculation (Altcoins)
Re: ETH price soaring. Are you going to move some BTC into ETH?
by
mandica
on 06/08/2016, 14:41:27 UTC
I've divested from ETC for now with an avg buy roughly at 150 avg sell 460. Actually back into ETH. Why?

ETC will need to deal with Coinbase and Bitfinex getting their coins as well as the attacker in three weeks. Finex and Coinbase users are likely moving to Poloniex and the sell walls there are already quite big. So I believe I'll have an reentry on ETC much lower. Should this occur ETH should increase in price.

So ye that's the strat

Would also add to this as Chris Ellis pointed out, this thing with the Dao has probably set back smart contract technology and ETH development by 6 months. That said I am not sure if investing in ETC is prudent for the industry as it is a lot of drama surrounding ETH and ETC when attention should be on building things. I have very conflicting thoughts about this.

That is right. Without the DAO hack, the Slock DAO will be historic. It will attract more attentions from business.

With the DAO hack, more people will hear about the Ethereum, that could be a publicity so the price will rise again.

Even though that is a bad publicity, that is still a publicity and attract some people to buy some Ethereum.