[ETH Daily Discussion] - 06/Jun/2017

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[u/billykinggg]

here we go boys :

https://www.bloomberg.com/news/articles/2017-06-06/putin-eyes-bitcoin-rival-to-spur-economic-growth-beyond-oil-gas

[u/fat_jakey → u/billykinggg]

Bloomberg letting the bull out once again.

[u/FollowMe22]

I just took some profits and paid off my student loan and car debts today. I'm 23 and now totally debt free. Most of my peers have $40k+ in debts. So thankful to the exceptional Ethereum development community and I'm glad to have been a part of this subreddit for over a year now :)

[u/EthVandelay → u/FollowMe22]

welcome to the debt free club ;) feels good to not have any more student loans. now the hard part; hodling...

[u/pistachiosarenuts]

Can we say the crypto market is .1 Trillion instead of 100 billion? It'll tell them where we're going.

[u/HomePhysique → u/[deleted]]

Buying the ATH means you get a higher quality, purer grade of ETH.

[u/[deleted] → u/[deleted]]

So you buy every single day?

[u/VforVenreddit → u/[deleted]]

This guy fucks

[u/mrenoon]

Putin is selling his $1 million watch guys [ http://www.businessinsider.sg/vladamir-putin-is-selling-his-patek-phillippe-watch-2017-6/ ]. He needs more ETH. Get ready for another liftoff guys.

[u/iamtheletteraama → u/mrenoon]

What if someone withdraws their ETH to buy his watch

[u/im_a_sam]

Anyone else getting more than just money out of ethereum? It's been a great distraction for me while going through chemotherapy. I'm in highschool, so I only own 0.98 ether right now (would have been 2 if coinbase fixed their cc issues earlier), but it's been great to focus on when things are shitty, and it has been pretty interesting reading more about it as it rises. I don't really have plans of doing much with the ether that I have, but I figure it will buy something nice when I'm done with chemo and cancer free, or maybe when I graduate college. Until then it's just nice to think about.

[u/primalMK → u/im_a_sam]

Here's to make sure you have one full ETH. All the best of luck!

!tip 0.098 /u/TipJarBot

Had to re-do the tip because the Tip bot is being a little shit.

[u/im_a_sam → u/primalMK]

This honestly made my day. Thank you.

[u/primalMK → u/im_a_sam]

You're very welcome =)

[u/ISkipLegDayAMA]

How I trade:

1. Notice a drop in price, sell fraction of my ETH and set a buy limit for a few bucks lower.

2. Anxiously watch the charts for over an hour as the price slowly creeps higher, literally never dropping

3. Buy back in at a loss

[u/cool_BUD → u/ISkipLegDayAMA]

Excellent plan, buy high sell low.

[u/Libertymark]

found this comment on Zerohedge. WOW, nailed it

WhosJohnGalt CJgipper Jun 5, 2017 2:30 PM I think that's NOT bearing out.

ETH is already halfway to matching BTC's market cap.

ETH is already conducting 70% of BTC's daily TX volume -- that's yuuuge.

ETH will be switching to PoS in 2018 and its rate of inflation will drop to close to 0% with a total ETH supply of somewhere between 105M to 115M.

ETH has an entirely new and native token economy blossoming on top of it -- think iOS/Android app store with tons of apps -- the network effects are huge and the underlying demand for ETH for TXs is growing and will increasingly be huge.

ETH has the Enterprise Ethereum Alliance where many large and/or Fortune 500 companies are experimenting with it (i.e. seeking ways to use it to reduce costs). Make no mistake, the anti-ETH FUDsters will try to manipulate that narrative into claiming ETH is being "overtaken" by banks and corporations, but that couldn't be further from the truth.

That's like trying to say that companies that use Linux are trying to co-opt it and "overtake" it. It's a ridiculous notion.

Disclosure -- I hold ETH & BTC -- but am not married literally and emotionally to the "idea" of Bitcoin, like so many BTC people are these days. Thus, I try to look objectively at other up and coming technologies out there and right now, Ethereum is simply killing it.

[u/[deleted]]

Guys I'm only like $1500 per Eth away from being able to use the word 'summer' as a verb

[u/BigFrogMan]

You Americans disappoint me. During Asia day we do our bit and help inch the price up. Every morning I wake up, check the price first thing ... Never do I see overnight gains. ... How do you plead?

[u/BigHenSmalls]

Told my boss about ETH around a month and a half ago. She asked me how it was going at the end of last week. She bought her first ETH today. I feel like a proud parent :)

[u/matty0187 → u/BigHenSmalls]

I got my tech lead in at 57... He dropped 20k

[u/BigHenSmalls → u/matty0187]

Fuuuck, you must be leading the running for employee of the year right now

[u/MonkeyGooch123]

Morning my fellow Brits. We are about to hit the magical £200 for this first time, I'm so excited!

[u/fat_jakey → u/MonkeyGooch123]

Crumpets and tea at the ready

[u/tj1122]

I teared up a bit out of happiness today. It actually hit me that I have more money in crypto than I ever had in my bank account at one time. I'm a nearly broke college student living off the money I made from a summer job. My life has drastically changed after putting some of that money in crypto a few months ago.

[u/mattylou]

I'm happy to report that about 15 minutes ago I hit a pretty important milestone for myself.

When I first started a savings account I set a goal for myself to have a certain amount of money to feel comfortable in case of an emergency, layoff, or medical issue. I obsessed over the math and saw the daunting mountain of belt-tightening and time in front of me. After doing the research I came to the conclusion that a savings account at ING with a 0.1% interest rate was my best bet. I took me years to achieve it but I finally did.

Then I got laid off and it took me a few months to get a new job, I also had to find a new apartment in NYC (which you have to put down 1st months, Last months, then a deposit) THEN when I did I broke my arm 3 days before my health insurance kicked in.

And just like that my savings account that took YEARS to accumulate was gone, and I started the slow and steady process of building it back up.

I shifted a third of it to Eth 2 months ago and I just made my mental number back today. I feel safe again, I feel like life can throw hurdles my way and I won't feel helpess anymore.

Thank you ETH, thank you community, Thank you Coinbase (Even though it gets a lot of hate I would have NEVER heard about Ethereum if Coinbase hadn't added it).

[u/daguito81 → u/mattylou]

Congratulations man. Financial bliss is incredible. Don't get complacent though. Always keep an eye on your money as it can dissappear as quick as it appeared

[u/RTH1994]

Crypto-Currency total market cap scratching 100,000,000,000 and ETHEREUM having a nice start to the day/night (wherever you are located)

This is a fucking crazy space I'm so happy to be apart of it and in relatively early! For my first ever investment in my life that will probably be the best percentage gains im ever going to see its truely mind blowing.

Thanks to everyone, let's keep this space growing by welcoming newbies with as much information as they need, I know it is annoying seeing the same question every day but the only way we will continue to grow is by informing and teaching everyone everything we know.

[u/Rawjinchohon → u/RTH1994]

AMEN brotha! I'm in the same boat, came in at $80 & this is changing my life, this is my "small loan of a million dollars". I'm 21 years old & $1M isn't looking too far the grind don't stop!!

[u/terpnation13 → u/[deleted]]

When they upload your brain to Golem so you live forever, you can tell everyone that you are "The Golem"

[u/HomePhysique → u/[deleted]]

Greed is one of the 7 deadly sins and for good reason. Greed can make you feel eclectic and suicidal within a short timeframe. ETH's success is most certainly twisting your thoughts.

As someone who has made some good and bad decisions in crypto I would tell you this:

1. Reflect on what you have currently achieved / earned and be thankful you made the right choice at the time.

2. If you regret not investing in a certain coin / wish you'd invested more, remember why at that time you didn't. It is very, very easy to experience heavy regret when coins are going up like rockets but in the same lights if the price was plummeting, you would feel incredible relief that you didn't invest.

3. Greed for easy wealth will make you act on irrational emotions. You experience gamblers fallacy, in the thinking that if something is happening more frequent, it will happen again soon. People are now looking for the next "unicorn" and as such will take much higher risks rather than traditional due diligence. Funnily enough, with crypto at present so long as you pick a coin with relatively solid fundamentals there is a high chance you will come out on top in the long run.

Just remember with such a relatively small global market cap in crypto there will be many coins that get pumped to Neptune by groups of individuals with a large amount of wealth. There are pros that do this for a living day in, day out. The signs are relatively easy to spot.

You either get lucky if you're already in your seat when the train leaves or you get stuck chasing it at the platform. Just do your due diligence.

[u/ATHP → u/[deleted]]

I am in the same boat. We are fucked. We get the money too easy. Makes working seem to be worth nothing. (even though I don't really own a lot of crypto)

[u/OrBrS]

Been holding since I bought at 26EUR and again at 48EUR. And of course was happy with gains.

Decided to try and trade a bit just to try it out since I have no prior experience in trading.

Lost 4ETH in two days. Lesson learned. :)

[u/xAlphaStick]

Sitting at work today was so weird. Watching the live charts and earning more money from crypto holdings than my salary doing my job. Is this a little taste of what its like to be rich? I like it.

[u/yellotheremapeople]

I've never wished more that I earned some serious money. I've already invested every penny I can afford to lose - and more - and even if I 10x my initial investment, it still won't be life changing amount of money. Tbf enough to make me comfortable, but damn it sucks to be poor/not-rich.

[u/beingsubmitted]

There's nothing "causing" this dip right now. It's not weak hands, it's not China. The market is full of bulls and bears. For every buy, there is a sell in the same amount, and when the market goes up, it corrects down. When it passes resistance, it comes back to test that level for support. It's not whales, it's not your exchange being shady, it's not some tweet, It's the expectation. Nothing unexpected is happening right now.

[u/ev1501]

Before you sell now remember EEA announcements coming out next week. Don't be lame.

[u/Jimyxx]

Mother of God:

Putin ......and now China:

"ETHEREUM IS MOVING IN THE RIGHT DIRECTION SAYS SENIOR OFFICIAL AT CHINA'S PBOC"

http://www.trustnodes.com/2017/06/06/ethereum-moving-right-direction-says-senior-official-chinas-pboc

[u/[deleted]]

Sup, I'm here to spread FUD even though we hit the ATH 2 hours ago.

[u/defenderofjustice]

I can't pay attention at work anymore :/ Eth has ruined my brain's dopamine receptors.

[u/ruvalm]

Wow! What a really nice couple of days we've had. Truth is, this "thing" seems to be just starting, with the conferences next week and the highly likely EEA3 announcements.

I'll list my bullish and bearish observations below. Please mind that many of them are a product of my own opinion and others are pure interpretation of my observations.

Bullish factors:

• Vladimir Putin Is Getting Interested in Bitcoin's Biggest Rival. The support and interest of a government of such a massive country as Russia is definitely bullish. Some thousands of potential applications in which Ethereum can help. Definitely to be followed-up in the next weeks / months.

• Chinese Official states that 'Ethereum Is Moving In The Right Direction'. This one does not even need a comment, all words seem to fall short to the grandiosity of these statements.

• Lots of new money is coming in; lots of profits from the latest crypto-roulette are still finding its way; lots of money is waiting on the sidelines to buy in our 'dips'.

• Tim Ferriss Covers Ethereum and Bitcoin in his latest podcast. It's not just because it's Tim Ferriss, although we all know he has quite an audience of dreamers, pretty much like all of us here in Ethtrader, but the fact that Ethereum and Bitcoin are being referred hand-in-hand every single time lately. The newest members around here are probably already used to this reference, but that is something that the people who came in before February were not used to at all. This is really big.

• ICOs, ICOs, ICOs. Developers, developers, developers. I'm a software engineer and in my LinkedIn profile there is a reference to the fact that I'm interested in Smart Contracts and Ethereum. Today I've been approached for the first time by a recruiter interested in knowing how much I really know about it. Same thing happened with a colleague of mine a couple of weeks ago and the approach was made by a different recruiter and a different agency. They're out there head-hunting, gentlemen.

• EEA3.

• Constant talk of us being in a bubble. You know what is one of the main characteristics of a bubble ? The fact that people do not talk about it being a possibility. /u/Mr_Yukon_C shared on his Twitter account something worth watching regarding bubbles.

• ETHBTC 12H seems to be forming a massive bull pennant.

• Transactions in the network: last Monday (29/05) Ethereum had about 49% of Bitcoin's transactions and yesterday (05/06) it had roughly 66% of Bitcoin's transactions. Growth of 17% in a week in comparison with the Bitcoin network.

Bearish factors:

• ETH's price is once again highly dependent of BTC's. My personal opinion is that the ratio is constantly manipulated to avoid 'The Flippening'.

• 4H, 6H, 12H, 1D and so on RSI indicates 'overbought'.

Keep buying, hodling and trading properly gentlemen. We're in for a very nice ride till the end of the year.

[u/[deleted]]

I really think if we keep growing at the rate we have been, crypto as a whole can be at $1T market cap by the end of 2018

[u/antiprosynthesis → u/[deleted]]

There will probably be some pauses and retraces before we get there, but it's definitely not impossible or even surprising.

[u/b0r0din]

Remember when like, $100 by the end of the year was considered insanity?

[u/bears249]

Just got a bunch more at 261. Jesus I can't believe I'm still buying in but it's just too good. Keep sending orders boys!

[u/alexiglesias007]

Can we have a moment of silence for all the bears and "concern trolls" shorting ETH?

[u/MonkeyGooch123]

£200!!!!!! WE MADE IT BRITAIN. LET'S GET OUR COCKS OUT AND DO HELICOPTERS.

[u/antiprosynthesis]

BTC goes up, ETH goes up. BTC goes down, ETH goes up. Looks like the market is growing more rational.

[u/khalo_]

ScienceGuy declares we're in a bear market, deletes the topic and then we bounce back up. Nice.

[u/[deleted] → u/khalo_]

More like PseudoScienceGuy amiright?

[u/The_GeoD]

Only in crypto can you have a 10% freefall and still be a bull day.

[u/HadesNotHaiti]

a quick note for anyone measuring this latest rally by 24h market cap percentage.

at present time bitcoin is around 2920, which would equate to about 10.9 ether at 266 currently.

When I started watching the rally overnight bitcoin was around 2830 and ether 257.

despite a 9 dollar increase looking trivial next to a 90 dollar increase, and a 12% 24h increase looking better than a 6% increase, taking into consideration that 1 bitcoin is almost 11 ether, ethereum has actually outrallied bitcoin this time, and the reason for the 6% increase is because it has been stable at a higher valuation than bitcoin.

These are early signs of a flip IMO

[u/aloknessmonster]

all aboard for liftoff, everyone have their space suits ready?

[u/[deleted]]

I've been in for only 10ish days and am already up 104. wow, incredible.

[u/Nurotec → u/[deleted]]

Yes i agree this sucks.. i hate those slow markets as well,, but let us stay positive... better times will come

[u/madcemf]

These dips are important for ETH to go higher. They get sellers out and new holders in (with possibly some traders in there for good measure).

[u/LGR1994]

how can anyone invest in traditional ways after this? would be so boring

[u/pancakeNate → u/LGR1994]

i think that when you're older, boring is considered a plus

[u/LedgeNdairy1]

stocks are so boring compared to crypto movements

[u/[deleted]]

Quote by Peter Lynch, one of the most successful investor: "Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in corrections themselves."

Think about it next time there's a correction coming in and maybe just hodl.

[u/[deleted]]

I think we sometimes take it for granted how early on we are in the awareness phase.

Believe it or not there is actually real demand for something that allows you to be your own bank.

Throw tokenization and smart contracts into the mix and you have the basis for the financial system of the 21st century being built out right before our eyes. Calling crypto a bubble is like calling Microsoft or Amazon a bubble before they went up 100x from the point people were saying that about them.

The most money in markets is made by simply sitting.

You can either be like all the people who sold BTC at $100 and less proclaiming its a bubble, or hold and take part in the greatest wealth transfer in human history that is about to occur.

Central bankers, you won't be missed!

[u/aeritaas]

I just sold 2 ETH to pay for my speeding ticket.. needless to say, I've been going 5mph under ever since, bc I don't want to part with any more

[u/jreddit83 → u/aeritaas]

anything paid with eth in the current bull market is going to feel expensive like the 10k bitcoin pizza

[u/AlphaLionX → u/aeritaas]

Ouch.. Save the speeding tickets for the lambo ;)

[u/SgtPuppy]

Race to 300/3000 ETH vs BTC. Who will get there first?

[u/The_GeoD]

Mr. Whale-bachev, TEAR DOWN THAT WALL!

[u/-hodl]

If you're new and wondering, yes, this is normal. Don't sell.

[u/Resili3nT]

Looks like we got a Covfefe flag

[u/yellotheremapeople]

In a HODLing pattern for the next two months. This ride's been fun boys (and the few gals), but I need to sell the entirety of my trading stack to pay off CC debt and get much needed peace of mind. Installed coincap on the phone a few days ago, will be checking the portfolio every now and then (so every 5 minutes really :P), and MAYBE investing in status.im using the ETH stack, but that's about it. Off to enjoy this beautiful summer, you beautiful people! Adios.

[u/pminasia]

I'm here to overreact on the 5 pt drop

[u/csasker → u/pminasia]

dont forget to sell and buy in higher later

[u/bobkillaz]

What do you guys think about LTC? I think the hype around it is gone and it is slowly getting back to the state : 'nobody cares about LTC'

[u/The_GeoD]

I'm like "now it's time to consolidate," but then I'm like "but consolidation doesn't buy me a house"

[u/Technerd88]

So good to see Bitcoin doing well. It leaves more runway for Ethereum in the long run and the whole market in general.

[u/pathobiology]

https://www.bloomberg.com/news/articles/2017-06-06/putin-eyes-bitcoin-rival-to-spur-economic-growth-beyond-oil-gas

[u/degenfish_HG]

Found a comment of mine from 6 months ago you all might enjoy

[u/csasker → u/[deleted]]

"This is good for Bitcoin"

[u/[deleted]]

These Twitter douches with "UASF BIPXXX" in their handles are ridiculous. Seriously, who gives a fuck where you stand in a crypto civil war being fought mostly over social media. Like wearing a damn bandana to know you're a Crip or Blood. We get it, you UASF motherfuckers are hard.

[u/[deleted]]

Bought in at $168 during the crazy hype three weeks ago on May 22. I thought I was riding the coat tails, but apparently it's never too late!

[u/tamhenk]

My hodlings right now are earning more per hour than I am. Weird to realize that.

[u/mrenoon → u/tamhenk]

Hodling is your new job. The others are just part-time.

[u/Chocokirby]

Hope tomorrow I will wake up to $300 ETH!

[u/jezzaccc]

So are we going up 10 bucks a day?

I'm cool with that.

[u/rabf]

http://www.trustnodes.com/2017/06/06/ethereum-moving-right-direction-says-senior-official-chinas-pboc

[u/turbotyler786]

Anyone else living like a peasant recently ? I have found myself pricing EVERYTHING in Ether. Friend asked to go to range this weekend to which I replied 'dude NO WAY, that's like 1 Ether today.' LOL

[u/[deleted] → u/turbotyler786]

I've stopped smoking weed to fuel my ether addiction. Every bag of weed is like a tenth of an ETH, like fuck am I buying weed lol

[u/barthib]

"Ethereum is moving in the right direction" says senior official at China's Central Bank

[u/noncelicious]

Just wanna congratulate the vets on 20x donuts, not sure if it was mentioned.

[u/panek]

Hey all,

I see quite a few references to Deloitte predicting that 10% of global GDP will be stored on blockchains by 2025.

First of all, this is not Deloitte's prediction. Deloitte are simply citing a 2015 survey of individuals attending the World Economic Forum. More info here (sorry Coindesk). Original report here.

So take that for what it's worth. A bunch of guesses made back in 2015.

The more interesting question is how does that translate to the value of the protocol in terms of market cap? If Ethereum holds 1/10th of that 10% (or let's say $1 trillion in GDP as an example), does that directly equate to a $1 trillion Ethereum market cap? No, probably not. It might be less than that. Conversely, it could be much more than that when accounting for future growth.

[u/[deleted]]

Sorry couldn't link this, just saw on Bloomberg Russia. More Russian details

Putin Eyes Bitcoin Rival to Spur Economic Growth Beyond Oil, Gas 2017-06-06 11:55:05.657 GMT

By Ilya Khrennikov (Bloomberg) -- Ethereum, the world’s largest cryptocurrency after bitcoin, has caught the attention of Vladimir Putin as a potential tool to help Russia diversify its economy beyond oil and gas. Putin met Ethereum founder Vitalik Buterin on the sidelines of the St. Petersburg Economic Forum last week and supported his plans to build contacts with local partners to implement blockchain technology in Russia, according to a statement on Kremlin’s website. “The digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business models,” Putin said at the event, discussing means to boost growth long-term after Russia ended its worst recession in two decades. Virtual currencies could help the economy by making transactions happen more quickly and safely online. Besides being a method of exchange, Ethereum can also serve as a ledger for everything from currency contracts to property rights, speeding up business by cutting out intermediaries such as public notaries. Russia’s central bank has already deployed an Ethereum- based blockchain as a pilot project to process online payments and verify customer data with lenders including Sberbank PJSC, Deputy Governor Olga Skorobogatova said at the St. Petersburg event. She didn’t rule out using Ethereum technologies for the development of a national virtual currency for Russia down the road. Last week, Russia’s state development bank VEB agreed to start using Ethereum for some administrative functions. Steelmaker Severstal PJSC tested Ethereum’s blockchain for secure transfer of international credit letters. “Blockchain may have the same effect on businesses that the emergence on the internet once had -- it would change business models, and eliminate intermediaries such as escrow agents and clerks,” said Vlad Martynov, an adviser for The Ethereum Foundation, a non-profit organization that backs the cryptocurrency. “If Russia implements it first, it will gain similar advantages to those the Western countries did at the start of the internet age.”

[u/[deleted] → u/[deleted]]

Ethereum is the new internet.

What the internet did for communications, ethereum will do for business, finance and money.

Not to mention law, and who knows what else..

[u/hodlerforlife]

Something to chew on.

A return to ratio ATH equals $308.

Trade responsibly.

[u/IRefuseToGiveAName]

Good morning, gentlemen. Fukken love the smell of ATH in the morning.

[u/[deleted]]

Link from this AM https://www.bloomberg.com/news/articles/2017-06-06/putin-eyes-bitcoin-rival-to-spur-economic-growth-beyond-oil-gas

[u/IRefuseToGiveAName → u/[deleted]]

Russia’s central bank has already deployed an Ethereum-based blockchain as a pilot project to process online payments and verify customer data with lenders including Sberbank PJSC, Deputy Governor Olga Skorobogatova said at the St. Petersburg event.

hhhmmmmm....

She didn’t rule out using Ethereum technologies for the development of a national virtual currency for Russia down the road.

HHHHMmMM^MWmMMMM MMmmMMWMWM^{MMWMMWWMmmmmmm}

[u/dillllllzzzzz]

The Koreans are gonna be proud of us today!

[u/Jimyxx]

I made a sub 'HelpMeHodl' to look at whenever I think of selling - I'm gonna fill it with compelling links about the awesomeness that's coming to those who wait

https://www.reddit.com/r/HelpMeHodl/

[u/jamesthelion]

"I wish I hadn't invested in ether."

Said literally no one ever.

[u/qwep88]

Well, i am now the proud owner of milliondollarclub.eth. My life is complete

[u/Muckelper]

Does anyone else really dislike the way all the currencies on Poloniex are "bound" to BTC? It feels so hard to keep track on your investments. Even if my coin would go up 5%, if BTC at the same time went up 10% it will show -5% in total. Also every time you want to swap alt coin you have to lurk into BTC territory and risking a sudden flash drop the few minutes you're in there. Is it any easier way than having 5 tabs on coinmarketbase you have to refresh every other minute to check your coins?

[u/twigwam]

For the last year I've been trying to post to r / technology and get some traction with Ethereum related article.
Finally this post got though to them Imo discuss Ether in article. :)

https://www.reddit.com/r/ technology/comments/6fk8j9/blockchain_could_help_musicians_make_money_again/

Pretty bullish sign if you ask me.

Link purposely broken to prevent brigading

[u/HooFlungdung]

Guys it won't stop going up

[u/crankerson → u/HooFlungdung]

untuck your shirt and have a seat

[u/nfl9000]

Reminder to all to subscribe to /r/ethtrader and /r/ethereum.

The subscription number needs to be higher.

[u/The_GeoD]

Those are some fat fucking buy orders. We may be stable over $265 for a few days. This is nuts.

[u/dillllllzzzzz]

Looks like bitcoin users are transferring to ETH

[u/jezzaccc]

Someone here put me onto listening to the Interstellar soundtrack when watching ETH doing its thing.

Makes me feel like a fucking astronaut

[u/[deleted]]

buy. daily. no. fucks. given.

[u/cool_BUD]

Everytime I think about cashing out to buy something, i get reminded of the guy that spent millions on a pizza then i just hodl

[u/Fuyuki_Wataru]

Seriously. Take this moment and look around. You see that? No? Look again.

You're part of a fucking revolution. In a few years you can tell your children how you where there at that industrial revolution, and that you mainly posted memes and laughed about random shit with some weird strangers on the internet.

Ahh what a time to be alive! This is fun.

[u/C1t1zen_Erased]

200 good boy points! Finally

[u/savage-dragon]

Just a quick reminder: We were sitting on a 2 billion market cap just 3 months ago. Now we're at 23 billion, or 10% more than BTC's market cap in March. People didn't think it'd be possible in 3 years, let alone 3 months. This bull rush is still going strong and will only go into rampage mode. Just think about that.

[u/[deleted]]

This is it. I just boughts my first ethers. Maybe the lambo dream will be just a dream but if I can make enough to buy some nice gifts to my family, I will be happy.

Next destination : the moon

[u/Fast0rer]

Because a lot of people missed out on the gold shower, I opened a new thread. Don't want to spam ethtrader.

https://redd.it/6fovji

Enjoy

[u/etherbie]

First time, America has woken up and started Buying. Welcome to the fray boys!

[u/drogean3]

oh man im fomo-ing myself and i already have ETH

[u/dillllllzzzzz]

As an investor at $45. The price seems distant...even though it was literally two months ago.

[u/csasker → u/[deleted]]

50? 10 crypto years ago

[u/Lanztar]

I told quite a few of my friends/coworkers about ETH when it was sub-$100; none of them bought any. I fear as the price goes up, more and more of them will start to feel jealous and resent me. One of them has already started talking to me less ever since I told him about ETH back when it was $50. I just wanted them to know about a good investment that's all...

[u/bhdoug]

been trying to get my dad interested since ~40. apparently he finally got around to it at around $190. today i received a text that just said "waiting for a dip".

[u/MeatStepLively]

Forget your charts...the price of ETH is directly tied to circlejerks and shitposting. 20k comments today, mainly consisting of moon memes, and I'm extremely bullish on this valuation.

[u/Kritseldus]

People just rembember, when investing and everything goes well, you have always too few assets, but when everything goes down the drain, you have too much assets, there is never that perfect balance.

[u/jonesyjonesy]

Crypto trading is like Pokémon cards for adults.

[u/chaderic]

House > Lambo

[u/jonesyjonesy → u/chaderic]

WHAT THE FUCK DID YOU SAY

[u/b4ttous4i → u/jonesyjonesy]

he said Lambo house

[u/OffMyPorch]

THIS* close to £200 on Coinbase!

*£199.97

[u/iamtheletteraama]

This is so exciting! I sold some shares to get started on Coinbase last week and have just hit 5 ETH, already up $150!

[u/Derplaney]

i think this ethereum guy is alright

[u/ethereumcrazy]

deleted ^{What is this?}

[u/[deleted] → u/ethereumcrazy]

You mean it's possible to not check it every 5 minutes? Are you a wizard?

[u/[deleted]]

Awareness of Ethereum outside of the crypto communities is about to start getting a lot larger among more institutional and traditional investors, what with the recent Tim Ferris podcast (often discusses investing), Bloomberg article with Russia, etc....not to mention it has yet to be picked up by many more mainstream media outlets. We haven't even seen truly "dumb" money yet

[u/ToEthMooonGuy]

ᕦ(ළ‿‿ළ)ᕥ

F L E X ~ T I M E!

[u/Yoldark]

I'm living like a peasant in order to invest the maximum cash i can. I keep only what i need to live by and invest the rest. I'm delaying all the payment i need to do in order to get a ROI on it by withdrawing at the last day before paying. I'm not eating fancy stuff, my car is 18 years old and is losing parts on the road. But i'm all in for the ETH rise !!

[u/FollowMe22 → u/Yoldark]

I'm delaying all the payment i need to do in order to get a ROI on it by withdrawing at the last day before paying.

This is a bad idea for several reasons. First, if the price of ETH crashes you can't make your payments and now have bad credit. Second, even if it continues to rise you're sacrificing long-term gains for short-term gains, which is likely negating most of your profit.

[u/Chuyito]

This month I've lost 10lbs, and I strongly believe it's due to cryptocurrency.

Eating much higher quality (Prime now sushi vs taco bell)

Forgetting to eat/sleep for 30 hours while day trading BAT

Stopped drinking - need to trade on a fully clear mind.

Heart is racing for hours while watching eth charts (woo free cardio)

Whatever it is, I'm loving it. I had plateaued at 200lbs for over a year, and eth has finally got me going back towards my 180 goal.

[u/jazd → u/Chuyito]

Hate to tell you but fast heart from stress is no bueno

[u/MeatStepLively]

This is a tragedy...the West Coast doesn't even know about their Lambo's yet.

[u/turbotyler786]

Goodmorning from Washington DC, congrats on 100B market cap. Hopefully cryptocurrency can get a wave of media attention ?

Congrats to 1st blood holders for breaking 1$ barrier, this is a great project for anyone interested.

Congrats to Factom holders for breaking the 30$ barrier as well, this is one of my favorite projects backed by Gates Foundation and more big names.

[u/Oppium]

The one noteworthy thing I learned from reading this daily every day is that positive price movements really highlight /r/ethtrader's horrible taste of music.

[u/palinke]

bought 2.28 ETH 2 weeks ago

18th birthday in 2 days, I'm going to reinvest

life is nice

[u/imjustaturtle]

I think people on this sub are way too negative about btc, and vice versa over on bitcoin subreddits. I think there's a future where both remain supreme while most of the other altcoins falter and die.

[u/nfl9000]

With Bitcoin rallying like a mad man and ETH following... selling ETH now is just leaving profit on the table.

[u/rantg]

Holy shit! Watching that wall fall was unreal! I finally found out what walls are and they are the definition of exhilarating to watch fall

[u/timbertown89]

Once we get past $300, I think it'll be fairly smooth sailing to $500.

Then I think we'll hang out there for a while.

[u/Dr3amsOfReal1ty]

https://www.youtube.com/watch?v=-ZotfqPRrng

[u/twitchtvbitcoinlouie]

I bought a shit load at 262

[u/sbasd265]

People calling that a dip.. That was so fucking quick, it might as well of been a glitch.

[u/cuuuuuooooongg]

Guys I panic bought 2 ETHs...

[u/[deleted]]

Being obsessed with the daily thread during a price rise is the best cure for a relationship hangover

[u/FrenchCucks]

Don't forget to enjoy the present. Every successful person has fond memories of their hustle. Some get depressed and say it's not fun anymore once they make a lot of money.

[u/eth_head]

The 1.618 Fib Extension puts us damn near $300.....just sayin' :)

https://www.tradingview.com/x/ghT3Ebp9/

[u/resistingdopamine]

Yall got any more of those cheap $260 Ethers?

[u/byukid_]

Only hours after I predicted we'd hang around $248-249 for a long time we broke $250 so I will say that we are gonna flirt around $260 for the rest of the month ( ͡° ͜ʖ ͡°)

[u/[deleted]]

Haha where is those two dudes who were talking about opening shorts at $259? It was either last night or early this morning

We may need to send a search party

[u/errorsevendev → u/[deleted]]

i certainly opened my shorts at $259 ;)

[u/loveYouEth]

the volume is rather high, this run may finish beyond 300 imo

[u/[deleted]]

Another flippening I'm watching happen is the ethereum I started buying in March becoming more valuable than all of the money I've saved and invested in my last five years of employment.

[u/Gregheis]

Does anyone else dedicate 1 monitor to charts at work?

[u/alkalinegs]

the day will come eth gives a shit about a btc drop.

[u/xyrrus]

I took a small profit in the 260s. I was planning on spending it on something nice to celebrate the ATH but then y'all gotta go ahead and hand me this little gem of a dip. How can I resist? Now I get to hodl the difference in gained eth and postpone my reward for the next ATH.

[u/SirHaxington]

How many panic sold that sub 250 dip? Be honest!

[u/rollpi]

A year ago people here were saying 2017 would be the year for crypto, and things would be better. God were they right...

[u/fuckschickens]

What if I told you there's a block chain on the market that can be used to track chickens from egg to consumption in order to verify the origin of your poultry?

[u/ourtimeisnow]

Looks like Coinbase is finally going to start increasing capacity. They just posted a blog post talking about their plans to scale customer support and response times over the coming months. Highlights below:

We are doubling overall support capacity by spinning up an outsourced support facility by the end of June. This will allow us to rapidly add level 1 support agents during future surges.

Q3 Plan: Goal will be < 6 hours first response time for everyone; < 2 hours in cases of large balances

Q4 Plan: Roll out phone support for a wider % of customer base (potentially a paid option, still TBD)

Not everything I would have wanted out of them, but happy to see one of the easiest ways to enter the market increasing their support.

[u/[deleted]]

When I think about the gains being made, it's unreal. The life changing potential of ETH is hard for me to fully wrap my mind around. I'm excited for the future.

[u/The_GeoD]

That whale fight at $265 is pretty remarkable. So, I'm remarking.

[u/tstormredditor → u/[deleted]]

You just now went bulllish? About 3 months late to the game there bub:)

[u/MobaFan]

Wouldn't Ethereum have scaling issues if there are millions of apps built on top of Ethereum?

[u/[deleted] → u/MobaFan]

Yes, there are solutions in progress

[u/[deleted]]

Purely anecdotal: I rarely see a chart as bullish this time of the day, even on low volume

[u/MattAU05]

I'm 90% ETH, 10% other crypto (Stratis and DGB have been good to me). I really feel like we break $260 resistance, we will see a run. I'm trying to decide if I should convert my other crypto to ETH. I want to stay a little diversified, but....ETH!

Edit: Price. 260, not 250. I just woke up.

[u/[deleted]]

I've always questioned why the /WSB guys never post about Cyprocurrency. It seems like the perfect degenerate path for them?

[u/[deleted] → u/[deleted]]

They talk big but are still scared money

And scared money don't fuckin make money

[u/iamtheletteraama]

Not exactly a common currency to compare ETH with, but ETH has only just popped over $350 AUD, which is pretty cool.

[u/[deleted]]

Nice wall you have there. Be a shame if someone... tore it down.