Post
Topic
Board Speculation (Altcoins)
Re: ETH price soaring. Are you going to move some BTC into ETH?
by
mtnsaa
on 06/09/2016, 17:16:46 UTC
@mtnsaa. We will see. For me that strong support is the last for now. If that breaks I speculate that ETH will fall below 150k satoshis or lower. Maybe this is the first of the altcoin bear market starting again? I am seeing Dash is also falling down now.

I think you can't compare ETH to Dash really. 99% of altcoins are based on hype and potential and I'm sure we'll have plenty of rumors and progress updates on devcon 2 as I detailed plus the exposure to the chinese market. That's what I'm betting on, however the entry point is not clear to me (if only it was that easy!). I don't want to get greedy expecting prices below 150k...I don't think that's very probable in the short term unless there are some very bad news coming (alas EF being investigated by the FBI/SEC or any other dirty details about the hack).

For that scenario I do have some very low buys set close to 0.01 and well below, but I'm not convinced this would be a possibility. To me the DAO and the hard fork were devastating scenarios for ETH and look what happened. I was expecting prices to be around $1-4 bucks at some point...they never came and now the price has basically doubled to where it was before the DAO ICO started.

This means Ethereum, their supporters, devs and overall interest on its tech from investors and traders won't go away any time soon.