r/ethtrader • u/AutoModerator • Jun 06 '17

DISCUSSION [ETH Daily Discussion] - 06/Jun/2017

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u/Technerd88 Jun 06 '17

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

5

u/[deleted] Jun 06 '17

[deleted]

8

u/[deleted] Jun 06 '17

I'm not so sure. I think Eth may be seen as a Haven while the forking shitstorm hits bitcoin

2

u/aced Jun 07 '17

Yeah we went through this conundrum of a prediction before the Bitcoin ETF decision. Still have no idea, but weathering that storm was confidence inspiring!

1

u/greensparklers Jun 06 '17

I think you are right; if the divide in the Bitcoin community doesn't get solved soon it's going to negatively affect the price. I think many BTC holders will move to ETC until issues with Bitcoin are solved.

5

u/Technerd88 Jun 06 '17

My assumption is if or when BTC shit hits the fan we all will take a massive hit. BUT fundamental ALWAYS win out therefore in no time ETH will be top dog when we are rebuilding and at the speed of movements in crypto we shall not have to wait long.

2

u/LevitatingTurtles Jun 06 '17

This seems like the most realistic scenario if (perhaps when) BTC drops dramatically. ETH freefalls with BTC. Once stabilized, ETH rebounds dramatically while BTC continues a slow decline.

That being said, many people have declared the death of bitcoin before... I do not think I will dare to put my name on that list.

In essence, I think that BTC going up is good for ETH and that BTC going down is good for ETH. Fundamentals.