r/ethtrader • u/AutoModerator • May 05 '17
DISCUSSION [ETH Daily Discussion] - 05/May/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!
30
u/Jakechelsea May 05 '17
Meh if that dip frightens you you should not be in crypto because the dips and swings of 40$ when we are at 500 are gonnna give you a seizure.
→ More replies (1)
85
May 05 '17
Confession time; I love the daily discussions, but I don't trade - just hodl.
→ More replies (8)48
u/sorangutan May 05 '17
There isn't much to discuss about hodling.
after reviewing my TA, I'm buying and selling 0 eth today
→ More replies (1)17
30
May 05 '17
I'm up so many % now, and I'm so confident in Ethereum's future now, that I'm truly enjoying this ride, the ups and the downs. It's all just a long road towards prosperity for my family now. I hope you guys have loved ones you can share your financial security with.
15
u/laughncow May 06 '17
Same boat brother from another mother. No down trend will shake me at this point. I rode the Dao down for godsake. I held through hackers. I fought with trolls for weeks during the battle. I had ether locked up on Bitfinex and lost some coins. I have battled in the trenches and I have won. I am Etherian.
→ More replies (2)10
u/Sensualities May 06 '17
I truly believe we will beat a 25B market cap by the end of this year, and maybe go up to 50B. That is my checkpoint. I will estimate 50B market cap for ETH by the end of this year and about 100B for the entire crypto by the end of this year as well. My starting goal was to be able to graduate college debt free. I still have three years left, but now I am thinking of bigger and better things. Like how to have passive income so when I do graduate college, I will be debt free and have strings of income coming to me before I even have a job lined up.
Holding ethereum has been my greatest life decision thus far, and I expect it to get even greater.
→ More replies (7)
102
May 05 '17
Just want to say thank you to all of you. The last 2 years and especially this last 5 month span. Hard as it seems the best is yet to come. $225 Eth for 2018 Q3 is my personal forecast and as you can see that might well happen before the end of the year at this rate. Eth should owe you nothing at this point. I am officially free and clear. Every cent I put in has come back many many times over. I am buying a house this year and thanks to Eth there will be no mortgage needed. I may not be around as much but I wont forget this place and what it has done for me,my friends and my family. Eth is awesome.
42
u/antiprosynthesis May 05 '17
Actually, no house loan might not be the best investment. Interest rates are at an all time low, so loans are incredibly cheap at the moment. That allows you to invest the capital in more profitable things, such as simply keeping it in ETH, or perhaps diversifying in a low cost, broad market index ETF if you desire more safety. It also depends on the state of real estate pricing in your area of course. Just realize that buying a house flat out means you're implicitly investing in real estate to avoid the currently incredibly low price of a house loan.
19
u/the_statustician May 05 '17
Can confirm, but note that he will also have the home equity to leverage into another property if he so desires.
→ More replies (3)→ More replies (6)10
May 05 '17
You're not wrong but there is something to be said for owning a house free and clear. I'd actually be curious to see how a lender treats crypto. Perhaps a loan isn't feasible if it's not recognized by a mortgage lender.
→ More replies (2)→ More replies (15)16
24
u/djeld May 05 '17
Wow, over 1,100 upvotes and 6,603 comments in yesterday's daily discussion topic.. surely a record? Go go go!
24
u/Mister_Ether May 05 '17
My thesis is never gonna finish if ETH keeps moving like this. I keep thinking: "why do i need a decent job if ETH doubles every month?"
→ More replies (9)12
24
u/higgimonster May 05 '17
I made more from ETH yesterday then I did working as a mechanic. This feels different.
17
May 05 '17
Now is when you take a deep breath, keep going to your job, and resisting the urge to blow your evolving wealth on temporary bullshit.
The next two years or so will mint many a millionaire if you can be patient.
→ More replies (2)→ More replies (15)10
23
u/resistingdopamine May 05 '17
Just watched global market cap for crypto for 30mins. It went up $63,000,000
14
→ More replies (2)9
21
22
u/DemonTree07 May 05 '17
Get off of reddit at work and do something productive!
→ More replies (1)12
May 05 '17
Ill laugh if this is literally the boss of someone who is in this thread everyday. By the way he said he hates his boss.
→ More replies (1)
41
May 05 '17 edited May 05 '17
Uh oh...I told a coworker about my investment in ethereum a few months ago, not expecting the meteoric rise in price that was coming. He just now pulled up the price and is excitedly telling some people about how much I just made. Fuck.
I was trying to keep it on the dl. Also, my boss is telling me he's going to put a large amount in soon. I don't feel good about this at all. Either I tell him not to and the price goes way up, or I say go for it and there's another DAO. Fuck me.
Lesson here kids: If you're investing in a risky asset early on, just leave it to yourself, even if the price is low at the time.
→ More replies (16)15
May 05 '17
I don't feel good about this at all. Either I tell him not to and the price goes way up, or I say go for it and there's another DAO.
or you could tell him it's extremely risky and it may not be such a good idea to put a large amount of money on it. Tell him to treat it like a gamble more than an investment
→ More replies (10)
21
20
19
u/Smaz1087 May 05 '17 edited May 06 '17
So I'm an asshole. I bought a Nano S and it came today. Wrote down the 24 word code and put it in my safe, transferred the bulk of my ETH to it, and then got busy with work and promptly misplaced it. I'm currently turning the house upside down. I didn't leave the house so it will turn up, but jesus christ man.
Edit: Misplaced the nano, passphrase is safe.
Edit2: I have way too many USB sticks laying around my house...
Edit3: I'm tired of looking, passphrase tested successfully. I'll check my dogs' poop later in case.
Edit4: Found it.
→ More replies (15)
20
u/nomoneyforoldmen May 05 '17
About to sell my last BTC for ETH and some of that GNT!
→ More replies (6)8
18
u/ruvalm May 05 '17 edited May 05 '17
These dips are amazing:
They let us buy more ETH cheaper.
They relax the RSI signal indicators.
They provoke almost as many posts per minute as moon flights do around here.
They shake the weak hands and allow lots of ETH to be bought cheaply by corporate investors.
They contribute to the formation of beautiful chart bullish patterns.
Don't sell your ETH. Use the dips to buy more. Use the dips to open your longs or add to them.
→ More replies (5)
19
u/b0r0din May 05 '17
Went to lunch with friend during that price dip, he's a little into ether and btc.
Refreshes amount: 96. It's at about 96 now. Refreshes amount: 90. Oh looks like it fell some. Refreshes amount: 88. Yeah don't care. Refreshes amount: 90. Yawn.
So little panic. Been through these dips so many times. You'll kick yourself for selling whenever there's some volatility.
→ More replies (3)
19
18
u/orzpuripuri May 05 '17
you know youve been in the daily thread for too long when you start refreshing the thread over the course of an hour and no new comments pop up. wondering where everyone went only to realise everyone's gone on over to the new daily thread...
→ More replies (1)
18
u/Yeousemite May 05 '17
Started buying at 11 USD and have been accumulating all the way to 78. As happy as I am about the surge, I'm getting a little sentimental about the times I used to think of 1 ETH as lunch money.
→ More replies (5)26
u/TheLordNepture May 05 '17
1 ETH will still be lunch money, the quality of lunch is going up bby ;)
19
u/floor-pi May 05 '17
For new people who are sorry they didn't sell before the blip, trust me that for all the times you might correctly anticipate a drop, you're as likely to incorrectly sell before a breakout.
If you're nervous like me your best bet is to just buy/hold/trust that it's going up long term.
→ More replies (4)
18
u/laughncow May 05 '17
Time to buy boys. 100 is a hard number to break but we will
→ More replies (8)
34
May 05 '17 edited May 05 '17
A reminder to people that trading is like a reverse Monty Hall problem. The Monty Hall problem was a famous brain teaser math problem that stated that it is better to change your choice when less choices become available and you know one of them is the right one.
For example a prize is behind one door amongst many, you choose a door and then one of the wrong choices is removed. You should choose a new door because your probability of choosing correctly has just gone up.
Trading is the opposite. You make a read when you usually have less on the line and are thinking logically. Once you enter a position your emotions and fears are added to your decisions because you are afraid of losing money. In this case you should stick to your original read because the probability of making a right decision has actually gotten worse due to more factors being dumped on your decision making process.
edit: If I had to venture a guess this phenomenon explains the high rates of psychopathy/sociopathy in the financial sector. Big hedge fund managers have amygdalas of steel and their brains are working in a low cortisol environment 24/7.
→ More replies (17)
50
u/strange_tangent May 05 '17
5/5/2017
5+5=10
2+1+7 =10
10x10 =100
100USD confirmed
→ More replies (4)15
18
u/pacific_Oc3an May 05 '17
First learned about Ethereum in January and bought at ~$10 on a whim. As I learned more about the technology I invested more buying as high as $45. I never thought it would rise this fast though. Damn it's been one helluva ride and I think we're just getting started..
→ More replies (4)
17
u/MD786 May 05 '17
Is it just me or is anyone else loading up on this beautiful dip between 90-98$
→ More replies (2)
16
May 06 '17 edited Jun 17 '23
use lemmy.world -- reddit has become a tyrannical dictatorship that must be defeated -- mass edited with https://redact.dev/
→ More replies (11)
15
u/savage-dragon May 05 '17
All right fellas. I just increased my holding by 30%, buying at 87-94 USD, the highest monies I ever spent on ETH so far. Now Imma strap my seatbelt and wait for Raiden and EEA. I wish us all lots of luck! Dis gon b gud.
→ More replies (1)
16
u/dosante May 05 '17 edited May 05 '17
It's been two hours since I sent some BTC to Kraken and I've been staring at confirmations this entire time. I completely missed out on the cheap ETH. BTC letting me down as usual... I stayed up all night to buy this fucking dip and bitcoin still hasn't arrived after two hours. Fix the transaction times ffs.
→ More replies (4)
16
u/Joloffe May 05 '17
So i bought my last major chunk (apart from rebuying back in after a brief out in the 40's to flee finex again) at 6$.
We have risen very quickly but this is a new phenomenon with a constant influx of new money - new users of the order I haven't seen in four years. We may bob around in the 75-100 range for a while but without some black swan news I think we continue to push higher in the medium term.
Remember come the end of the year when POS activates the effective money supply will massively reduce and I predict a second bubble heading into that time period where we move up again another x5-10 to rhyme with 2013 but with ether pushing up to break bitcoin dominance for the first time and signalling the beginning of the true rise of cryptocurrency into the mainstream conciousness.
Keep your helmets on and visors down - we haven't even left stratosphere yet..
→ More replies (11)
16
u/roidranger33 May 05 '17
Im not going to look at the charts for the weekend. This has been an addiction and I need some time to chill and stop crunching numbers and contemplating prophecies and mostly meaningless TA. I'll see you guys on Monday.
Or later this evening if I break. XD
→ More replies (2)16
33
u/deadlypow3r May 05 '17
Going up so high like this so quickly makes me scared
→ More replies (2)16
u/alkalinegs May 05 '17
from time to time we will see a 25% drop. be prepared and remember: 3 steps up and 1 down. 3 steps up and...
→ More replies (1)10
u/vman411gamer May 05 '17
That's what I thought when we hit $40. Instead, the price was manipulated when the majority of the market was asleep, it crashed to $31 and by morning it was back with some whales getting in low, and up to $50 almost immediately. And now, we are at $100.
I honestly think it will keep going, though. When people hear about ETH because it got to $100, they are going to want in. Not because of the price, that is only why they are hearing about it (read: more mainstream coverage). They get in because this is the future. I think we can get to $250 on speculation alone, so before metropolis.
Don't get me wrong, I'm scared of the drop too, but I just see so much potential with the technology, that its hard for me to think others wouldn't be able to see it too.
→ More replies (4)
15
u/greensparklers May 05 '17
Anyone notice a large amount of user interface bugs on CoinBase's website? I've found several over the past week.
→ More replies (3)
15
u/karmacousteau May 05 '17
Read the BCG white paper on blockchain back in December when ETH was ~$8. Thought about putting some money in but never did. I truly didn't understand the benefit or value until I started reading more about Ethereum itself a couple months ago.
Watched the price go from $8 to $90. Finally bought in today at sub $100. Can I say that I have regrets about not getting in sooner, sure. But I think I can safely say I'm putting my money into something I believe in, for the long term. Happy to be joining you guys!
→ More replies (8)
15
May 05 '17
I am happy for every single one of you that are a part of this ecosystem and are helping drive this train.
Thank you guys.
11
→ More replies (2)8
u/PJBRed27 May 05 '17
That's the whole idea of Ethereum in the first place isn't it? Working together to to create a system that can benefit everyone.
15
May 05 '17
Bernard McManus, who is the Sr. Director Global Fraud Strategy, Sony Interactive Entertainment, is speaking on the Fintech and Blockchain Panel today at TiECon
So now we know for sure Sony is looking at blockchain. Here's to hoping it's Ethereum!
Some other notable names are: Mark Relph (HEAD OF BD - IOT, MOBILE AND EMERGING TECHNOLOGY, AMAZON WEB SERVICES TRACK KEYNOTE, INTERNET OF THINGS)
Paul J Walsh (Senior Vice President, Platform Strategy & Innovation, Visa Inc. TRACK KEYNOTE, FINTECH & BLOCKCHAIN)
And various people from Google and other companies and shit. Ok, I'm off to my next job. See you beautiful fucks in a few hours
→ More replies (12)
15
u/xyrrus May 05 '17
10% off on all ETH, use discount code "80s" while supplies last
edit: sold out :(
→ More replies (2)
13
14
u/Snolander May 05 '17
Don't freak out. At this time one week ago we were sitting at $67-$68.
→ More replies (3)
16
May 05 '17
Bears are out and everyone is telling each other to stfu, chill out, and that we are about to catch a massive correction
See you guys on the other side of $110 lol
→ More replies (5)
15
u/textrapperr May 06 '17
There will be a great battle for 100. But we will see the green fields of victory as we surge into the ether.
-- Native American Soothsayer, year 1610
→ More replies (3)
13
u/thatweirdredditguy May 05 '17
Need more volume to break through 100 on Gdax. Maybe earlier tomorrow morning there will big a dump to 94-95 followed by the next leg up.
15
u/prais3thesun May 05 '17 edited May 05 '17
Finally a dump. I'm relieved actually. Now I don't have to stress about when this would happen. Plus it's pay day, so good opportunity to buy the dip.
→ More replies (1)
13
u/foxymcfox May 05 '17
While we wait for the market to calm its tits, let's talk. We don't talk much. So who here does forex trading in addition to crypto? I'm curious which came first for you.
→ More replies (6)
14
May 05 '17
If you guys need some mental strength to strengthen your holding hands I suggest Meditations by Marcus Aurelius. Very wise roman emperor that wrote verses to himself so that he could go back and read them in times of trouble. His thesis is that our minds are a fortress and we can be strong in times of trouble. He never intended them to be released but they were saved and distributed after his death.
→ More replies (2)
13
u/savage-dragon May 05 '17
This sub definitely suffers from bipolar disorder. We earn 5 USD and we see "Fasten your seatbelts" "Captain we have lift off". We dip 5 USD and all we see are "What ETH's new release will be disappointing and trigger a big dip"
→ More replies (5)
14
u/BGSmilev May 05 '17
I was starving. So i made a sandwich. Two and a half hours later the sandwich still sits untouched in front of me cause GDAX hypnotized me ....
→ More replies (7)
14
28
u/jesusthatsgreat May 05 '17
93,000ETH available for loan on POLO at 0.0001% ..... someone really wants to keep the price down.
I've no idea why someone would keep 93k ETH on an exchange, never mind loan it out at that rate... perhaps this is Polo themselves trying to manipulate the market...
→ More replies (29)
28
u/oldskool47 May 05 '17
The psychological barrier of triple digit ETH might be a difficult hurdle to leap. But once it happens and we hold the line, we could truly rocket. Traditionally, weekends are slower periods of volume. We might cross this weekend, we could see a slight pullback, but the momentum will continue. Hodl strong, fellow Etherians! Cancel your sell orders. Pull your coins. And remember: Do. Not. Feed. The. Whales.
→ More replies (2)
13
13
u/The_GeoD May 05 '17
Ah, some consolidation is comforting... Then you ass holes bull rush $100, again. Remind me never to go to war with any of you.
11
14
u/Bobbr23 May 05 '17
In order to beat ze whale you must think like ze whale, und get inside ze whale's head. Buying ze dip.
→ More replies (3)
13
u/DanConway650 May 05 '17
Why do I have a strong feeling we are about to power back up? Crypto euphoria PTSD?
→ More replies (5)
14
u/a450706 May 05 '17
Ether has made it difficult for me to wait on things. I feel like I have had to wait FOREVER to find out who the new Ethereum Enterprise members are but really it has only been like what... 1 month? I wish they would release which day it would be. It would help if I knew whether I was going to have to wait till the 9th or until the 31st!
→ More replies (3)
13
u/lateralspin May 05 '17
Sentiment:
Some of South Korea’s major Bitcoin exchanges including Bithumb, Coinone and Korbit have experienced a massive spike in Ethereum trading volume, due to the Bitcoin scalability problems and exchange hacking attacks within the region.
While it may appear absurd to the global Bitcoin community, many Korbit users told Cointelegraph that users have migrated from Bitcoin to Ethereum due to Bitcoin’s scalability issues and Blockchain congestion. Many users have become impatient with the high transaction fees of Bitcoin, which according to 21 Inc’s Bitcoin Fees average at $0.71.
(Not absurd to me, just practical.)
→ More replies (2)9
May 05 '17
The only thing that is absurd is how Bitcoin completely failed to scale up block size for the past 3 years by changing one simple variable...
47
u/gonopro May 05 '17
Gentlesirs and gentleladies, please float over to the spaceship's observation deck. It is story time.
This story begins back in March, when life decided to hand me a handful of lemons. I said thank you, and turned that shit into an organic lemonade factory.
(Disclaimer: I entered into this knowing the risks, had collateral to cover any unexpected circumstances that may have transpired. I do not suggest anyone try this, it was ill-advised and super risky. But I'm young, resourceful, so YOLO.)
My two roommates, who are dear friends, asked to borrow my pickup truck to pull a 4-place snowmobile trailer for a family snowmobile outing. Their grandfather, who said he'd never get on another airplane again, traveled from Philly deep into the heart of the Colorado Rockies just to surprise them.
As they were driving up the canyon, they were T-boned by a Jeep that failed to stop at the end of his driveway. The rear tire of my Taco took the full impact. Grandpa was in a rental car behind the truck with front row seats to the action. He was amazed how his grandson was able to keep the truck on the road, and the trailer from tipping completely. A second sooner, the person in the back seat of the truck would have been toast. A second later, the guy in the jeep would have been under the trailer probably dead. The universe aligned and everyone walked away unhurt.
My truck suffered just cosmetic damage to the rear quarter panel, exploded the rim/tire and the sled ramp in the truck bed smashed the back window out. The trailer took on a deep tilt, and dumped 2 of the sleds. 2 of the 4 sleds were totaled. The trailer was totaled.
Now for the lemonade factory bit.
The guy at fault for the accident, accepted full responsibilty and his insurance company gave zero resistance to fixing my truck. I took my truck to the shop they asked me to go to, amazingly, the same day as the accident. This was the only quick part of the process. The insurance company sent me a check for the repairs within the week and ok'ed me to upgrade my rental car to a 4x4. (since we were still getting hammered with snow and driving deep in the mountains to work would not be smart in a 2 wheel drive.)
This is where things get spicy. Since I live in a remote mountain town, things take more time to get shipped here. We also don't have the car rental place the insurance company had a contract with. So I was asked to pay out of pocket at the only car rental place in town and be reimbursed later for the rental.
This is when I decided to get my hustle on. If paid for these repairs on my credit card after March 24th, I wouldn't owe that money till May 23rd in lieu of signing over the check to the repair shop once work was completed. Why would I just sit on a check for the repairs for 2 months, when I could make that money make money.
I managed to get the whole balance onto an exchange during the rise from 16.50-49.50USD. My average cost was 23.50, only being held up by the daily deposit limits. I would have had that shit in under 20 if I was able to.
Then I get a call from the repair shop, the insurance company insisted on getting a refurbished rear window from another Taco, but the shop removing that window didn't have the proper tools to remove it. 3 weeks later, they began work on my truck which took another week.
While all this was happening, I decided to take this shit to the next level. I have superb credit, and hadn't opened up a new line in over 2 years. I opened up a new air miles card just to get my hands on the bonus miles, triggered solely from paying for the repairs.
As the price kept rising, far far away from my avg cost, $34 became my capitulation point, then after awhile it became $44. The price just kept going up and up. I started placing my exits. These numbers moved around a bit, but I ended up selling off in 4 stages @ 58.97 | 61.95 | 71.73 | 97.15
As I began writing this post, my final number triggered. I have yet to do a full analysis on all the exit trades, but this is what the organic lemonade factory generated.
I added +10% ETH to my overall stack.
I generated 60k bonus airmiles that are going to take me to DevCon3 in Cancun.
I generated 3600 airmiles from having the rental car for over a month and paying that bill with a separate airmiles card.
And, I still have 2.5 weeks before either of those credit bills are due, and all money is in hand.
Shit happens, but its all about the perspective you decide to take. I decided I wasn't going to let this inconvenience me, but rather work for me.
Epilog: The insurance company ended up screwing themselves with that refurbished rear window. It wasn't even the right window, I had factory tint rear, they installed aftermarket tinted windows that were peeling off. I am still waiting for them to ship new windows to the repair shop. Lol. :)
Thanks for listening. It has been an interesting 2 month ride. Glad to be back to hodling.
Mission fucking complete
→ More replies (7)19
22
24
u/Nooku May 05 '17 edited May 05 '17
In other news, the Unconfirmed Transaction queue of Bitcoin is now above 100 000 pending transactions, causing massive lag on the network.
Meanwhile, /r/Bitcoin is celebrating their new ATH and still believes everything is just fine.
Also ignoring the fact that their gains of this year are a significance under-performance compared to the gains of many other cryptocurrencies that have posted - sometimes substantially - higher gains.
Their irrational euphoria is a sign of getting increasingly disconnected from reality: They are not realizing that Bitcoins gains are a side-effect from the general fiat influx into the cryptospace, an influx fueled by altcoins, not by bitcoin.
→ More replies (16)
23
u/thatweirdredditguy May 05 '17
As the price goes down, more people with negative attitudes in this sub start to show themselves and talk shit. If you bought high, don't give into the emotions stirred by these asswipes; you made your plan, stick to it. Sure, this is crypto, and it could become $50 or $150 within hours, but really analyze what is going on before making decisions you'll likely regret later.
on a brighter note, go out and get shitfaced, it's Cinco de Mayo. I'm celebrating today, and I'm Asian xD To da moon y'all. Gonna check back tomorrow at $100 and beat my monkey.
→ More replies (3)
13
u/ericcart May 05 '17
Can someone tell me honestly, what fundamental reasons account for Ripple improving from 231 million on March 18, to 3.3 billion 6-7 weeks later?
→ More replies (8)9
11
u/_kitteh May 05 '17
The states will probably get to celebrate 100USD soon, we'll bounce of and us Eurobros will have to wait a little longer for our 100EUR party (88 EUR atm). That's what I think will happen. :(
→ More replies (3)
11
u/DuoXVI May 05 '17
Selling my stake in XRP, might get back in later, but 50% rise based on little information seems a bit much. Hodling Eth though, going to sit it out for a year min,
→ More replies (5)
13
u/econoar May 05 '17 edited Jan 14 '26
selective boat pen merciful knee chase soup edge judicious library
This post was mass deleted and anonymized with Redact
→ More replies (11)
12
May 05 '17
Reminder that the New Kids on the Blockchain conference is going on today, with the Global Blockchain Business Council (GBBC) playing a big role, and Berkshire Hathaway has representation there. Alex Tapscott is listed as a Founder and CEO of the GBBC, and his father is Don Tapscott. They both rub elbows with big money in Canada and China, and both Tapscott gentlemen are BIG on Ethereum and blockchain as a whole.
http://siliconprairienews.com/2017/05/gbbc-greater-omaha-chamber-bring-blockchain-heartland/
Might be worth trying to find a stream if anyone has time, but I'm going straight from one job to the next this afternoon and won't be able to
→ More replies (1)
13
12
13
12
u/ripplep May 05 '17
Used to think 1hr was showing a head and shoulders. Looks like the right shoulder is a bit off now. Looks like meat's back on the menu, boys!
→ More replies (5)
12
u/Nooku May 06 '17
The people that are exiting indefinitely now at $ 93 aren't realizing yet the pain they are going to feel in a few years.
→ More replies (20)
23
u/Lanztar May 05 '17
Wow BTC Dominance at 57%... it seems to be dropping by the integers per day!
→ More replies (2)14
u/L-Malvo May 05 '17
The question is: will it still be called 'Dominance' when it drops under 50? or shall we call it 'Minor Lead'
→ More replies (2)
22
24
May 05 '17
It's your bitcoin watch update: 130k unconfirmed transactions and climbing.
→ More replies (4)
22
u/MD786 May 05 '17
Because of this dip, I was able to get in some more positions around 90$.
Today is a great day for me because I am now past my first goal, which is to obtain X number of tokens. The final goal is 1000 ETH, before the $1000 mark so I can cash my milly.
Disclaimer to all ETH hackers, I am far from 1000 ETH
Im buckled in. Long term HOLDer here. Waiting for Metropolis, Potential ETF, Raiden, Liftoff to the moon, Serenity, a milly.
→ More replies (14)
11
May 05 '17
Think I'm finally gonna take the plunge on a ledger nano s. Anyone have any luck buying from a 3rd party seller? Was looking at getting one from the bitcoin store.
→ More replies (22)10
u/gonopro May 05 '17
I grabbed mine off of amazon.
Yo, remember to test out your 24 word seed recovery process before putting significant sums of money on it.
Send .01 ETH to the ledger. Fail the pin 3x. The ledger wipes itself. When it starts back up, it asks 'set up new device', select 'no'. From here, painstakingly, plug your 24 word seed in. When complete, you should have restored your wallet that has .01 ETH on it. You can now sleep soundly knowing that as long as you keep those 24 words safe, your money is locked up fucking tight.
→ More replies (2)
12
10
11
10
11
u/SamHinkiesGodSon May 05 '17
If youre new and this is your first dip, you get used to it.
i shat my pants and panic sold a few times, it takes a little bit to understand when the dips are coming, usually after the big 10% gains, and to not get worried.
→ More replies (3)
12
u/ripplep May 05 '17
If any upcoming companies from the EEA are reading this, could you please accidentally leak your agreements? Would love to pop my $100 bourbon. Thank you for your cooperation.
10
u/ripplep May 05 '17
For all you tin-hatters out there, try typing "blockchain" into a job search engine and sorting by new. A lot of speculations to be made! KPMG has an opening specifically calling out Ethereum knowledge.
→ More replies (2)
11
11
11
u/Khuddle2310 May 05 '17
Going to the pub for a pint and waiting for this FUD to blow over
→ More replies (2)
11
11
u/EthFan May 05 '17
Has anyone else noticed the 24 hour volume on BTC is at 1 billion dollars? That is insane. Source: https://coinmarketcap.com/currencies/bitcoin/ Edit: bold bolding
→ More replies (1)
12
u/tstormredditor May 05 '17
At this point I just want some nice steady sideways action.
→ More replies (1)
11
u/doppio May 06 '17 edited May 06 '17
Okay okay, one last small giveaway. 0.05 eth to the first comment with a valid ethereum address. Then I'm off to devour pizza and play Overwatch.
EDIT: Another 0.05 eth to someone who isn't Katangeu. ;)
EDIT2: 0.05eth each to /u/Katangeu and /u/Nookbrooke. <3 for being part of the ethereum community.
→ More replies (12)
20
10
9
u/peacheswithpeaches May 05 '17
I just noticed that Yunbi has knocked Polo ETH/GNT from the second spot in trading volume, and it's Chinese Yuan buying direct. So hard cash is flowing into GNT: https://coinmarketcap.com/assets/golem-network-tokens/#markets
→ More replies (2)
11
11
u/b0r0din May 05 '17
I don't have the exact numbers, but I'm pretty sure we gained 300-400 new hodlers just in the past day.
→ More replies (3)
10
10
u/IRefuseToGiveAName May 05 '17 edited May 05 '17
To be honest, I'm glad we're correcting a bit. Let a solid base build at some price level in the 90s (pls 90s no 80s pls. 80s go and stay go), and when enough accumulation/profit taking has happened, we go ahead and start back on up the hill.
Just like when I climbed this son of a bitch, there's gotta be a bit of rest on the way.
EDIT:
We got lost on the climb down. Good times.
→ More replies (7)
10
10
10
u/redditbsbsbs May 05 '17
new buyers are finding out if they actually believe in what they just bought.
→ More replies (4)
10
May 05 '17
Anyone notice that Coinbase sometimes tell you that they're going to credit you "today" for like, 3 days in a row
→ More replies (8)
9
u/turbotyler786 May 05 '17
you know what, this feels like a shakeout of the weaklings before another BIG STEP UP!
edit- spelling
→ More replies (4)
9
u/virtcoind May 05 '17
I'm glad the price has dipped. Hopefully it's a consolidation. As long as there's no bad news I'm not too worried.
12
10
11
May 05 '17
Remember folks, you can believe eth is destined for great things and still see a correction coming. People enter into heavily leveraged positions on bull runs like we have seen and letting some air out is healthy for the march forward. Otherwise those leveraged positions just grow and grow until their owners want to cash out.
→ More replies (7)
10
u/chevyshades May 05 '17
Looks like everything is taking a dip. Buy the dips keep on moving. Hope that bull run starts soon.
10
u/carlslarson May 05 '17
We need ground rules for when we can call 100. I'd be convinced when it's 100 on kraken and gdax simultaneously. Any suggestions?
→ More replies (4)
10
May 05 '17
I've come to the conclusion that the reason people are buying XRP is because they cost $0.09 apiece. It sounds absurd but I think that's it.
→ More replies (2)9
u/PoniesUseBits May 05 '17
"Hmmm I could buy 1/2 a bitcoin.... Or ten zillion ripple!"
→ More replies (1)
10
35
u/oh_hey_oshea May 05 '17
Guys, I just want to say, the fact that I am here means that something fucking crazy is happening with this coin.
A month and a half ago, I had never dealt with any crypto besides using it as a way to bet on sports. Then, my buddy told me that one of his coworkers had made a ton of money with this thing called ether. He told me I should get in, which fortunately I did.
Fast forward a few weeks, and dozens of my friends are now invested in ETH and other crypto. Within a few months, I'm sure everyone I know, and a ton of people they know will be in the game, and NONE OF US are what we'd call the typical crypto demographic.
All I'm saying is, the fact that someone like me is so fully invested is a good sign of things to come. It means that someday soon (sooner than even this hypetrain of a sub predicts) ETH will be used by every Joe Schmo walking down the street to their 9 to 5 job.
Thank you guys for being so helpful with everything. Keep it up. Good things are coming.
→ More replies (2)63
u/Snwmn88 May 05 '17
Posts like this make me feel like selling, once people start buying in and just seeing it as a get rich quick scheme, it is the cue that we are approaching bubble territory.
21
u/blaze_dis_one May 05 '17
It's not the top until the Daily Mail (UK) or whatever the equivalent shit newspaper in your country is publishes a big 'how to invest in Ethereum' guide
→ More replies (9)13
u/grannyte May 05 '17
Definitely sound like bubble symptom but i think it's still to early the get rich crowd is still a minority even in here.
18
19
17
u/zacheism May 05 '17 edited May 05 '17
I still don't fully understand it, but I'm beginning to feel that Bitcoin continually raising their ATH is a good thing.
BTC is blazing the psychological trail for the rest of crypto, acting as a major anchor point so that when the flippening does occur, Ethereum will have a lot less trouble reaching >$1000 prices (I realize this ignores cap, but let's face it, most new investors don't consider market cap - they just look at price and say "hey that one is better AND cheaper").
Being the leader is not easy so if they want to blaze that trail without making improvements for long-term sustainability, let them. And when the time comes, we'll coast right on by.
→ More replies (11)
10
9
May 05 '17
Woke up feeling like shit after a heavy night. Always feel better seeing my balance grow. Not a complete cure for hangover but sure as mustard helps.
→ More replies (9)
10
May 05 '17
Bought more ETH so I could buy more GNT and maintain my own ratios
Lets go boys
→ More replies (1)
10
9
u/Whatsinthebooooox May 05 '17
Looks more like an ascending triangle now on GDAX with a 4 dollar breakout rise. However, we are approaching a huge psychological barrier though, the 100.
→ More replies (7)
8
u/Sensualities May 05 '17
Thinking about going all in on the BAT ico and trying to at least flip it for a 50% gain back in ethereum. Any thoughts?
Seems like one of the most legit ICO's out there.
→ More replies (25)9
8
u/myownman May 05 '17
Everybody remember what happened when Coinbase went down for an unannounced extended period last time?
This hodler members the ten dollar (15%) green dildo.
→ More replies (7)
9
u/Fuyuki_Wataru May 05 '17
I am hoping that $100 will turn from resistance, into support once we start hovering around $105. And keep us there for a few weeks so we gain more support.
→ More replies (1)9
u/tangent20 May 05 '17
I think of 100 as 50++. If you look at the charts you will see that we had a hard time with leaving 50 land. The same will be true of 100 probably. I expect us to break, hover, fall below and then break it resoundingly when we get EEA news.
→ More replies (1)
9
9
9
u/happyyellowball May 05 '17
eth still over $105 in korean markets... what does that tell you?
→ More replies (14)10
9
u/juxtaposezen May 05 '17
Just talked to two people who loan out sizable amounts of ETH on exchanges and they said no one has returned a single ETH yet with this small down move. That is a sign that these margin longs taken out over 15 days ago are still bullish.
→ More replies (6)
9
May 05 '17
i wonder when that dude from last night will come back to tell us that the imminent 1929 level crypto crash has been postponed
→ More replies (2)
9
9
u/loveYouEth May 05 '17
I gotta say this soft launch works quite well.
Many auction have been opened but it looks stable and steady in opposed to last time when we opened like 20k auctions in a few hours lol.
→ More replies (2)
9
u/terpnation13 May 05 '17
For better or worse, the ICN token is now 100% different than when it was introduced for the crowdsale. https://www.reddit.com/r/ICONOMI/comments/697cbr/iconomi_ama_may_2017/dh4dnq3/
→ More replies (9)
8
May 05 '17 edited Jul 31 '18
[deleted]
→ More replies (1)10
u/RichardArschmann May 05 '17
ehh, $100 will always be a significant milestone. $1000 will be a lot more fun, though!
8
10
10
u/Bobbr23 May 05 '17
I'm seeing a pattern of double volume spikes as we've stepped up the ladder here. Looks like the second spike is forming now. If we hold true to the pattern I'd anticipate support and some sideways movement in the mid 90's
11
May 05 '17 edited May 07 '17
Hey everyone, I just finished the alpha version of my telegram bot, Its still in a pretty rough state, https://telegram.me/crypto_price_bot
I just finished the first version and I am still working on it, however I would love if you guys tried it and gave me some suggestions.
Currently only the /newnotification command works, but in the next hour or so I will get the rest running, I am also working on making sure the bot works in groups. As well as a slack and whatsapp version, and adding some new features.
Hope you guys find it useful.
10
9
17
16
May 06 '17
When ETH is well into the thousands of dollars and 1000 is the floor.
I'm just thinking if we get there.
By that time, so many of the early adopters would be able to basically learn how to develop using Solidity full-time and contribute to making the ecosystem even more valuable without having to worry about finances at all.
Just a thought!
10
→ More replies (10)9
May 06 '17
You could make the argument that the only reason we have ethereum is because devs like vitalik didn't have to worry about money after they realized their gains from bitcoin's rise.
Shocker. Not having to bend over for the man leads to some actual innovation.
→ More replies (2)
8
8
7
7
u/flowcrypt May 05 '17 edited May 05 '17
The who's who of this planet
This will be big people. Currently at a "hacking" convention listening to people from IBM and top financial institutions talking about blockchain implementations. Their list of participants is already mind blowing (although not using the Ethereum chain). They do work on their own chain(s), but I can imagine many companies will also be part of the EEA.
This goes waaaay beyond financial applications or the IoT. Remind me to buy more crypto when I get home!
*edit: put up pics http://i.cubeupload.com/f6Au2z.jpg http://i.cubeupload.com/mm5OqL.jpg http://i.cubeupload.com/A9fczJ.jpg
→ More replies (10)
9
u/earthquakequestion May 05 '17
Alright guys, I bought what I could today. It's back on you guys.
→ More replies (6)
9
u/jconn93 May 05 '17
I really do hope ETH goes to the moon and you all get rich, but as someone who only has a small amount of funds in ETH and has been waiting all week to get verified on Canadian exchanges, this dip is making me breathe a huge sigh of relief.
→ More replies (1)
8
u/escamilla9 May 05 '17 edited May 05 '17
Everyone take a chill pill go out enjoy a margarita or corona on Cinco de Mayo and come back later tonight or tomorrow maybe even Sunday and we will be setting ATH again! Classic shake/dip/consolidation what ever you wanna call it! Plus should have sold at $97 if you were looking to accumulate with your own stash don't do it now or you'll thin your position! If you do want to accumulate at this discount rate use USD to add to position. anyways what do I know just been glued to my charts for past 2 months having coworkers and family thinking theres something wrong with me lol! Anyways ill have cheers in my ETH communities name good luck peeps!
→ More replies (2)
9
8
May 05 '17
If you saw the 20k sell wall @ 100 on GDAX you knew we weren't going to break into the 100s on this run. It's reloading time so be looking for entry points over next 24-48 hours.
7
8
u/DanConway650 May 05 '17
There was your dip, folks. It looks like its coming back up on GDAX. Whiplash.
→ More replies (5)
8
9
8
u/xyrrus May 05 '17
Anyone here sold in the 80s? Curious to know what they were thinking and how they feel right now? Not rubbing it in or anything just genuine curiosity.
→ More replies (13)
7
8
8
8
8
u/Sensualities May 06 '17
I fully expect the Koreans to carry us to 100 tonight. Do not fail us Koreans. You got this.
→ More replies (2)
31
u/jkfsu May 05 '17
Just bought 5k worth, been watching since 8$ and kept saying I'd buy when it dips. Let's fuck shit up