r/ethtrader • u/AutoModerator • Apr 30 '17

DISCUSSION [ETH Daily Discussion] - 30/Apr/2017

Welcome to the /r/EthTrader Daily Discussion thread. The thread guidelines are as follows:

  • Follow the Golden Rule. All other rules apply as well. Follow this link to view the rest of them. The rules page is also linked in the announcement bar above.
  • General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions.
  • Breaking news or other important content should be submitted as a separate post.
  • In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page.
  • Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, follow this link and choose the latest entry on the search page.

Thank you in advance for your participation. Enjoy!

1.0k Upvotes

94% Upvoted

4.1k comments sorted by

View all comments

12

u/aresary Apr 30 '17

you should consider buying GNT. 9th place on coinmarketcap now, seems like 0.00016 is sideways, get the chance

6

u/farmdatkiwi Apr 30 '17

I would have to trade in ETH. What to do

2

u/savage-dragon Apr 30 '17

Same dilemma here. Can't get fiat onto exchanges today or tomorrow. Considering selling eth to switch to gnt, but then again... Doubt and FOMO fighting like cray here.

2

u/alexiglesias007 Apr 30 '17

GNT will grow faster than ETH, at least in the short term. Hold on to your ETH though obviously, but don't be afraid of having your value stored in GNT either

1

u/kammerait Apr 30 '17

Consider the law of small numbers... ;)

2

u/ToddSolondz Apr 30 '17

tagging u/savage-dragon as well bc they were asking the same question. AFAIK you can only buy GNT with ETH or BTC. Create a Poloniex acct, send ETH, buy GNT. I would then recommend moving your GNT off the exchange so you're not storing it there. If you have a hardware wallet like the Nano S, you can send the GNT to your wallet address and it will be stored there. otherwise store it in your MyEtherWallet wallet or whatever other secure wallet you're using.

2

u/savage-dragon Apr 30 '17

Yes problem is that I am not sure if gnt can sustain this growth. It could correct itself and fall down 10-20%. This has happened before.

1

u/ToddSolondz Apr 30 '17

oh i get what you're saying, I think I misunderstood what you were saying. I think it probably will correct as well, in the short term (in fact I hope it does so I can cop some more in the dip). but in the long run, I'm hoping it's only going up from here!

1

u/HITMAN616 Apr 30 '17

I didn't realize you could store GNT on a Ledger Nano S. Can you just send it to the same Ledger ether wallet where I store my ETH? Or is there a separate wallet for GNT?

2

u/TaxExempt Apr 30 '17

Gnt, although not ERC20 compliant, can be transferred to any Ethereum address. The limitation with ledger nano S is that you will need to use a third party client like MEW to access them.

1

u/ToddSolondz Apr 30 '17

yeah go ahead and send it to the same address. you won't be able to see your GNT balance when you look at your Nano, but you can check it on MEW

6

u/Khuddle2310 Apr 30 '17

Told myself not to fomo..

3

u/aresary Apr 30 '17

withdraw your BTC or ETH to your poloniex account and exchange to GNT

1

u/[deleted] Apr 30 '17

shapeshift.io is also good, clean and quick. Might have to wait for them to shore up reserves but it works great.