Post
Topic
Board Speculation (Altcoins)
Re: ETH price soaring. Are you going to move some BTC into ETH?
by
mtnsaa
on 03/11/2016, 14:21:15 UTC
The Ethereum price broke below 0.014 bitcoin earlier. But the dollar price is still above $10.0 now.

My instincts are telling me sub 0.01, but I'm hesitant to listen closely to them given the number of unexpected rallies (and whales) this thing has.

It can go sub 0.01 but I'm also hesitant to expect a big drop in terms of fiat, the maximum I can see it fall is $7-8 and that's not a given, clear support is at $10 for now and I don't think it will break unless there are some very bad news.

On the other hand, any kind of good news would create a small rally (it has been very quiet after devcon2 and with plenty of bad news concerning the constant attacks).

My investment on Ethereum is in fiat right now so I'm not concerned at all, I'm not day trading this anymore since it's not very logical. We'll see how it goes in an year or so.

Bitcoin pump will end soon, yes that's right, this is just a pump based on lighting network, segwit and yuan losing power. It will come back down to low 600s soon.