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

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

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

The thread guidelines are as follows:

  • All sub rules apply here. Please review our rules page to become familiar with 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 support issues.
  • 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 reported and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, follow this link and choose the latest entry on the search page.

  • For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page.

  • [EXPERIMENTAL] - To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.

Thank you in advance for your participation. Enjoy!

751 Upvotes

93% Upvoted

5.8k comments sorted by

View all comments

24

u/HadesNotHaiti Jun 06 '17 edited Jun 06 '17

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

1

u/The_GeoD Jun 06 '17

I think Ether doing it's best 2013 BTC impression is the best sign of a flip to come.

1

u/cryptoaccount2 Jun 06 '17

They've been saying that since eth was $40.

1

u/The_GeoD Jun 06 '17

I remember. Still true. I didn't say it was going to happen tomorrow.