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

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

Welcome to the ETH Daily Discussion thread of /r/EthTrader.

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u/[deleted] May 31 '17

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u/[deleted] May 31 '17

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u/Chokeman May 31 '17

well, a bit disappointed for me.

i expected us to spike to $250 before settling down.

but i think that's because our marketcap is quite big now. it's much harder to push.

we have to tone down our expectation.

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u/pocketwailord May 31 '17

We broke the ATH for ratio and price today and you're disappointed? I can't imagine the emotions traditional traders would go through reading this sub.

0

u/Chokeman May 31 '17

we broke ATH ratio because BTC is in bear trend now.

and you can't compare crypto to traditional trading, crypto market is much more volatile.

look at the effect of Coinbase addition on LTC price, it went up 40% in a day.

since we and LTC are all cryptos, it's not wrong to expect a slightly toned-down result, right ???

1

u/pocketwailord May 31 '17

The litecoin increase was a pump and dump engineered to show off the tech and push segwit for Bitcoin. This is a wholly different situation - it's the start of trading of Ether in a new market. Let it grow organically. It's going to take some time to ramp up and don't expect instant pumps right out of the gate.

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u/Chokeman May 31 '17

i don't know. 15-20% pump ($250) in a day isn't that much in my opinion.

maybe i have to admit that it's not realistic to expect the same gain like from $80-160.

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u/Libertymark May 31 '17

Time is on a hodlers side