Post
Topic
Board Speculation (Altcoins)
Re: Ethereum - Time to buy or time to sell?
by
Kellor
on 09/08/2016, 18:35:47 UTC
Quote
Is it time to buy ethers or just sell those which are already in pocket? Any idea?
ETH exchange rate currently is not bad, on the past day there were many ups and downs but if we zoomout the chart we can see that it still worth to buy ethereum and probably sell later, I'm thinking to buy some and hold them for a week as I hope I can make profit.

From the current price trend and words from the developers, it is better to keep some ETH now.

The mining profitability of the ETC is higher than the ETH. So it is better to mine the ETC and sell for ETH.

I notice the hashing rate of the ETC changes according to the price, if the price is high, there are more hashes.

Then it is in the interest of the miners for ETC to succeed. The whales also have this interest, so does the DAO attacker and Vitalik himself. They potentially have the equivalent amount of ETC thru the ETH they are holding. So it is untrue that some people say that the original chain will lose and die. It is more profitable for ETC to live on and have a high price.

If the ETH can keep the PoW mining for longer and the miners can earn more, I think the miners will support ETH.