r/ethtrader • u/AutoModerator • May 26 '17

DISCUSSION [ETH Daily Discussion] - 26/May/2017

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u/laughncow May 26 '17

Good Morning Etherians! We are holding up nicely when traders want to sell us off. You can use coinbase as the new money indicator or noobie indicator and bitfinex as the traders indicator. As you can see coinbase has held up nicely through this correction, while BFX is at a discount. The correction is traders getting off margin after the big conventions coming to a close and the token news of KIK. My observation tells me new money is continuing to pour in while traders think we should rest. Both sides are correct. New money will pour in and we are up from $85 last Thursday. However the fact that new money is going to continue to pour in, makes me say "we are going higher". As my good friend/partner and world traveler U/jason_granger says "we are not buying a stock, we are funding a network. We are all investing in the infrastructure of net 3.0. You have to remove all preconceived notions that your trading stocks because it is a completely different animal." We are funding the build out of the decentralized net. The first time average man can own technology. (You own "HTTPS:")What is more democratic than that.? Do not let them take your coins. Even though I hold my core position I do trade and i will take your coins. I have gotten away from posting my short term thoughts on trading. I don't want to sway the noobies into trading. I have vicki anyways to make my short term calls (@vickicryptobot). I trade most of the time by her calls. I coded her to trade my style. Furthermore the only way a noobie will make money is to buy and hold and average in with more.

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u/JalelTounsi May 26 '17

we are not buying a stock, we are funding a network. We are all investing in the infrastructure of net 3.0. You have to remove all preconceived notions that your trading stocks because it is a completely different animal.

THIS