Quote from: mtnsaa on September 07, 2016, 05:43:46 PM

Quote from: bbc.reporter on September 07, 2016, 07:29:29 AM

Quote from: mtnsaa on September 06, 2016, 05:16:46 PM

Quote from: bbc.reporter on September 06, 2016, 11:55:21 AM

@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.

But is it not that ETH is also based on hype and promises at this point right now? There is no real world use case for Ethereum right now and all the value it is getting in its market cap is all from speculative investment. Not one company is using it to offer products and services that we could truly believe that matter to the ordinary person.

Exactly, to me Dash and many other cryptos are based on absolutely nothing, no real world usage (sorry if anyone gets offended). Similar to ETH in that sense yes, but trading and investment is all about psychology. I know Monero won't be used by anyone, the pump was based on hype, people really think dark markets (which they know nothing about) were gonna use it for everything and BTC was dead. I don't know if that will be the case, but currently I know there's no real usage either. You can see it dropping like a brick now people realize it.

Similar to ETH, in the next weeks investors and traders will get exposed to all these great projects coming, china exposure and upgrades (Raiden, Casper, etc). A new bubble will most likely start.

It's all hype (even BTC), you have to discern which hype is gonna move the masses and the money.

I think the DEVcon2 wil make a big difference to the ETH. I am not sure about the ETC.
https://twitter.com/ethereumproject/status/774169203246964737

Fasdata

Posts

Merits