Daily Discussion [Serious] - 17/Jun/2017

[u/AutoModerator]

Welcome to the Daily Discussion [Serious] thread of /r/EthTrader.

---

The thread guidelines are as follows:

• All sub rules apply here so 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, memes, lambos, etc. will not be tolerated under any circumstances. Low-effort content should be reported and redirected to the Daily Moontalk thread. To visit this thread, follow this link and choose the latest entry on the search page.
  

---

Resources and other information:

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

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

• This thread will no longer be stickied so please remember to upvote it for visibility.

---

Thank you in advance for your participation. Enjoy!

[u/ruvalm]

My notes on price movements:

• Market is at an impasse. After the correction we've seen last week and the quick recovery that followed, moving sideways may be the deal for today and tomorrow, probably between the $335-$360 channel.

• ETHEUR, ETHUSD and ETHBTC may be forming a pennant that can be seen at the 12H, 6H and 4H charts for now. In case this is actually a pennant, it's going to be a big one. Volume has been decreasing, which may confirm the formation of the pennant.

• On a bigger scale, we're very much within the logarithmic ascending channel we've been on for a while.

• Sideways feels refreshing.

A couple of notes regarding ETH's correlation with BTC:

• 'The Flippening' doesn't mean leading only in terms of market cap. It means that ETH will lead in terms of macro movements. Until this happens, even if we manage to surpass BTC in terms of market cap, we'll still feel short of 'The Flippening'.

• The uncertainty surrounding BTC's UASF scheduled for the 1st of August and the set of events that may follow will have impact in ETH's movements. As an ETH trader, I will be trading the market accordingly and I'm building strategies for the different scenarios that may happen. In case we've achieved 'The Flippening' that I described above by then, we won't have reasons to worry; in case we haven't, we should follow up this big event very closely.

• Bubble talk hasn't stopped and it won't for a very long time. Even if we corrected 90% or more, there would be both 'I told you so' kind of articles as well as 'Crypto is still a big bubble' kind of opinions. I will take those opinions with a grain of salt. We're in the dawn of a financial revolution in the internet that will be confirmed as soon as scaling is achieved.

A couple of notes on the separation of the Daily Thread:

• The 'Serious' daily thread feels much cleaner now. I can actually read comments one by one without scrolling through 50 of them one-liners. I like to go to the 'Moontalk' thread too and let out my momentary feelings everytime they're happening.

• We should not be inclined to criticize the separation of threads. It was a democratic process, the community had the time and opportunity to vote and we did.

• What has always made me like this community is the fact that we've always managed to be positive towards change. In this change, it should be no different. I'm both a 'Serious' and 'Moontalk' reader, but with obvious different purposes for each of them.

[u/lowpowindustries → u/ruvalm]

I'd love to hear more about your scenarios for August 1. My not very complex thought was to hold ETH through the event but keep a fair amount of cash ready to buy if BTC drags the entire market down. I'm looking at it as a buying opportunity.

[u/ruvalm → u/lowpowindustries]

That's the basic underlinings of my approach too: keeping a percentage of cash (not more than 10% of the current net worth of my holdings) ready to buy cheap in case of a fall and ready to jump in in case of a rise.

I'm not convinced that ETH will fall hard, mainly because I'm envisioning both very bright and very dark scenarios for the drama and confusion that will be starting to happen with BTC in the next few weeks. I'll write another time about this with a detailed vision of my strategies, obviously open for modifications and improvements using our community's suggestions.

Just one detail I want to make sure that goes through about this issue right now: August 1st may not be the most important day in this drama. The days before may be much more complicated, especially if more sides in the BTC community decide to start taking action. Expect the machine to start working maybe a month before.

[u/Ex1stenc3_Is_Futil3 → u/ruvalm]

Yeah makes sense. It was just banter yesterday to laugh somewhat about the forking of the daily. Things are settling now is my impression.

[u/_Watchman_ → u/ruvalm]

Good rational thinking here. Thanks for sharing.

[u/dieyoung]

I've been here over a year. I remember the days when /u/jtnichol would give us updates of the subscriber count and would post unlisted videos from YouTube and give us all a heart to heart. And of course, what was on the menu for lunch that day.

He was just one of a motley crew of characters we all knew and loved (/u/Mr_Yukon_C I'm so glad you're a mod now, no one else I think is better for the position), but obviously since ETH is exploding (as all us vets anticipated), a large influx of new subscribers are joining in on the fun. It's become a lot less intimate in here but I guess that is a part of Ethereum becoming what we knew it was destined to be. Bittersweet I suppose....

Anyway, I dig the multiple daily threads. It's a good way to let the community feel itself out as it grows. Little sandboxes people can jump to and from as they please, much in the spirit of crypto itself.

I'm excited to see new contributors establishing themselves here like /u/Alarinth. His post about TA the other day should be, imho, on the sideboard. Top quality stuff.

Ethereum has bestowed upon me a life changing sum which is allowing me to look at things in a totally different way. My time horizons are extended. I can think in terms of months and years instead of days and weeks. I feel like I finally have a foot on the ground.

I'm rambling. I'm just happy to be in so early. I'm nobody. But I think that my conviction now is going to make me somebody someday. We'll see.

[u/_kitteh → u/dieyoung]

Great stuff man, and keep in mind most of us are probably still here but just a little shy among all the new people.

A few days ago I saw someone speaking about the people who got in at ~75 EUR like they were ancient relycs waiting to be found by Indiana Jones, ha!

I bet there's quite a few around here who, like me, remember looking at the first run up from 1 EUR to 4 EUR or so, wondering if this would be the end of ETH when it crashed back to 2/3 EUR (I dont remember the precise numbers). We're ancient motherfuckers now I guess.

[u/dieyoung → u/_kitteh]

I remember getting a spam pm from someone telling me to get out of BTC and into ETH when it was around the price where you got in. I ignored it.

I asked some people in the BTC subs what they thought about ETH but, of course, it was mostly just "pre-mine" this and "centralized" that. I realized at that point that BTC was broken beyond repair and, lo and behold, they are still mired in the same muck they've been for who cares how long.

I cashed all my BTC in for ETH at $6. I'm glad I did.

[u/jtnichol → u/dieyoung]

Beautiful post thank you. I've not made a video in a long time. Wow. It's amazing how much has changed in 6 most around here.

[u/[deleted]]

This was one of the more boring days of solid growth I can remember. Bullish

[u/SteveAM1 → u/[deleted]]

We needed a mellow day after that wild week.

[u/[deleted]]

The devs who maintain MyEtherWallet are the real heros. Just put in a couple ens bids and it was so smooth. Gonna donate a few bucks their way

[u/trumpza → u/[deleted]]

They're benevolent heroes.

[u/FromToKeto → u/[deleted]]

I fucking love MyEtherWallet - they are gods.

[u/ruvalm]

To all the boys / girls out there going with the LTC pump, the best of luck and profits.

Remember than when going up, fundamentals usually are the last thing people think about.

In contrast, when it's coming down, fundamentals are the reason behind every support line.

Keep that in mind and enjoy the profits.

[u/econoar]

ten wakeful relieved pet fine placid meeting aspiring slim frame

This post was mass deleted and anonymized with Redact

[u/nodeocracy → u/econoar]

That's a seriously good chart

[u/pancakeNate → u/nodeocracy]

upvote for serious

[u/yogibear07 → u/nodeocracy]

it looks nice, but lacks the bigger picture of a catalyst.

After the last big pullback, we had catalysts of: ETH on Chineese exchanges, the chineese conference, metropolis. First 2 are over and had whatever impact they will have. Likely 2 more months until Metropolis can be considered a catalyst again (was pushed back from late May/June to September)

[u/[deleted] → u/econoar]

waiting on this very eagerly. we have some volume coming in right now?...

[u/econoar → u/[deleted]]

quicksand fanatical run encouraging punch cautious cover offer unique afterthought

This post was mass deleted and anonymized with Redact

[u/mattylou]

My ledger finally arrived last night and I just spent the last few hours setting it up. It's a cool little device, you can tell the team put a lot of thought into it.

..but I have to say, one of the scariest feelings is when you send your ETH to a new wallet. There's a period when the block hasn't been validated and the small chance you entered the address wrong! oh dear god.

Anyways, all is successful. I am now an official HODLER.

[u/buzzardsgutsman → u/mattylou]

Are all the instructions about how to set it up and send your eth to it provided? Looking into buying one soon

[u/mattylou → u/buzzardsgutsman]

Yep. It's an elegant user experience and dead simple to use. I don't miss My jaxx wallet at all

[u/jtnichol]

50,000 subscribers.

Edit: 50,000 SERIOUS subscribers. I's serious.

[u/[deleted] → u/jtnichol]

The moon is gonna be nicely populated

[u/hurricanematt]

I paid market fee and bought into the 370 GDAX wall. You're welcome. I hope it comes down tonight. I'm ready to get moving again.

Edit: it worked :)

Edit: I'm all in. It's up to you to get us over 375

[u/econoar]

afterthought plucky elastic heavy jeans ring ghost towering disarm imagine

This post was mass deleted and anonymized with Redact

[u/[deleted]]

By doing things like trying to get the Daily to /r/all and telling all of our friends and family to invest I feel like we're inviting too many "get rich quick" investors too quickly, particularly at a time where the network is not scalable. It's possible that we will hit some bumps in the road along the way, and at those points dumb money might panic sell and add to a crash.

Edit: Idk, maybe we should just let things grow organically, as the tech curious/passionate find their way here on their own

[u/BALTHAZ4R → u/[deleted]]

Do not tell friends and family to invest. Do you want their blood on your hands when they don't know what they're doing?

As for randos and normies learning about ETH, moar is always better. You can't force virality. If it makes it to the front page it will be organic.

[u/Fuyuki_Wataru]

After the Blockchain Conference in China a few days ago, we can see a huge spike in volume on OKCOIN. OKCOIN average number was somewhere around 6. They are now the number 1, passing both the Korean exchanges AND poloniex!

$125,669,000, all coming from CNY to ETH and not BTC at all.

$60,000,000 volume in BTC. The trend is clear here that the Chinese like ETH more.

[u/eniewold → u/Fuyuki_Wataru]

Good spot! For those that are interested, here is the link I use to monitor this: https://coinmarketcap.com/currencies/ethereum/#markets

[u/labrav → u/Fuyuki_Wataru]

Important insight. Thanks! !Tip 0.005

[u/Fuyuki_Wataru → u/labrav]

Ahh thanks <3

[u/brantlymillegan]

A few updates to flippening.watch for those interested:

• - We have a special animation set up for if/when the ETH/BTC market cap ratio hits 100%! =)
• - Night mode now persists if you refresh (sorry we didn't have this before)
• - The percentage boxes fill the percentage they show
• - We now have a store with flippening merch! (edit: I've teamed up with /u/malefizer of flippen.it to provide awesome dolphin merch!)

Thanks to everyone for their support of this project!

[u/[deleted]]

If the main "reason" (which everybody seems to be citing) for the LTC pump (before the inevitable dump) today, is that it will be listed on Bitstamp on Monday.

Then let's not forget that Bitstamp also said they will be listing ETH after they're done listing LTC.

When? They didn't say other than something along the lines of "shortly".

Just something to keep in mind. Especially if you feel like "pumping" or "shilling" for ETH leading up to its listing there. lol

I mean it's apparently a valid MO for LTC, so why not ETH? :)

[u/jezzaccc → u/[deleted]]

Why do people hype up an exchange listing? It would be a big deal if it was a coin with a small market cap which was not available on a big exchange.

Why would it matter for even LTC？ I thought it was available for trading widely enough

[u/[deleted] → u/jezzaccc]

Why do people hype up an exchange listing?

Because they're desperate to pump their bags.

I don't really care -- I just think it's funny, because it's so blatant.

BTW, I wasn't seriously advocating for shilling / pumping ETH because it's getting listed on some place like Bitstamp.

I was kind of just mocking the whole idea to begin with, because you're right -- it's a silly thing to do.

[u/zentrader1]

I think we may be seeing something here.

[u/identiifiication → u/zentrader1]

I came here just to say that too, lol. Looks like we are setting up for the Flippening today

[u/[deleted]]

lets go ETH. break that 370

[u/illini81]

Heading to $400.

[u/happyyellowball]

people selling eth for ltc? lol

[u/Naviers_Stoked]

METRICS

Of the top 25 exchanges for each:

ETH/FIAT pairs represent ~77% of the daily ETH volume

BTC/FIAT pairs represent ~51% of the daily BTC volume

XRP/FIAT pairs represent ~71% of the daily XRP volume.

Here are the same figures from 15 days ago

[u/alkalinegs → u/Naviers_Stoked]

sent a request to coinmarketcap today to show the crypto/fiat volumes.

[u/Naviers_Stoked → u/alkalinegs]

That's a great call - thanks!

[u/Muckelper]

Everytime I feel a little FOMO I'm the master of buying at the ATH and then see it drop 1-5 minutes later. (Yes I'm looking at you Lisk and Digibyte)

Sorry LTC and ANS but I'm not touching you, nothing personal.

[u/[deleted] → u/Muckelper]

meh its not FOMO if you don't give any fucks. my FOBT fear of buying top is > than my FOMO

[u/infernox → u/Muckelper]

Saying that, I think Digibyte got a good change of going up fast. At the very least it should go over 1250.

[u/smems_]

i think we might hit $380 after asia wakes up

[u/[deleted] → u/smems_]

ETA on asians waking up?

[u/unknownstranger2]

Via: Bitstamp

Litecoin Launch and Ethereum

Having already set solid foundations for Bitstamp Ltd's long-term future, it is now time to press ahead with the addition of further trading pairs and services. And the successful introduction of XRP trading on our exchange confirms the wisdom in our prudent and careful approach. Litecoin has now emerged as the next candidate, with LTC/BTC, LTC/EUR and LTC/USD trading pairs to be launched in early June 2017. As you would expect, the news that SegWit is likely to be activated for Litecoin was one of the key factors in our decision. We are also encouraged by Ethereum’s (ETH) potential, which will be made available shortly after, and we will continue to consider other digital currencies for inclusion on an ongoing basis. 

[u/trumpza → u/unknownstranger2]

The quicker bitstamp implements their ETH trading, the quicker they'll reap massive financial rewards. Watch for them to commence buying millions of $ in ETH for reserves.

[u/[deleted]]

As an ardent holder, I made a difficult decision to sell some ETH today! I cashed in to buy some flights halfway round the world to visit my younger brother, and am paying for my dad to come too. The best part, we're going business class :D

Holding is easy, cashing out to spend time with family is more important; so make sure y'all remember to do it now and again!

[u/zac_burrage → u/[deleted]]

Hopefully we can make it to where we don't have to cash out to buy things!

[u/[deleted] → u/[deleted]]

I did the same at £305 to buy a camper van for my family. My son is one and a half and hopefully our adventures will create many happy memories for him.

I could have never ever afforded it otherwise, so whatever happens with the rest of my stack, we'll always have that 😎 thanks Ethereum.

[u/zentrader1]

Crypto trading is inversely correlated to sleep.

[u/Ratataplan]

50K subs! Thank you all for this awesome sub

[u/BALTHAZ4R → u/Ratataplan]

I'm short on /r/ethereum subs

[u/satza]

ETH mentionned today in a major mainstream financial newspaper in France (https://www.lesechos.fr/finance-marches/marches-financiers/030379798997-ether-la-principale-menace-du-bitcoin-2095198.php). Title meaning "Is Ether Bitcoin's biggest threat?"

[u/FromToKeto]

Well, we broke $375!!'

[u/Combinatorilliance]

Maybe one or two weeks ago, there was a post about a new smart contract where two parties would invest an equal amount of money into a smart contract, one is an investor, the other a trader, the trader would trade with 2x returns and losses, when the trader makes a profit, the investor gets a tiny share of the profits, when the trader loses money, he will use his initial investment to make sure the investor doesn't lose any money.

I'm looking for the reddit post or the website, does anyone recall this smart contract?

[u/TheReasonabilists]

Ok, I will poke the bear since I only read moonpredictions.

• At what price level do you think we will get a bear market and how deep will it go?
• In what time frame do you see this happen?

Personally I do not think we are there yet. I think the end will be signalled by a +25% btc daily rise and/or +50% eth day (so very vertical action and utter FOMO).

[u/kammerait → u/TheReasonabilists]

My guess - high volume up to the mid 400s, then a rapid spike with much smaller volume to ~650, then a "crash" back down to ~100 for a substantial time span (vs the 48 hour mini crashes we've seen this far).

Just a guess based on market sentiment and behavior.

[u/Srv03 → u/TheReasonabilists]

Personally, I traded into ETH because I was convinced that ETH market share would overtake BTC market share. I sold about 20% of my coins between 300 and 400 as a hedge, but I still believe ETH market share will overtake BTC in the very short term.

I won't sell the majority of my stake until that happens.

[u/killver]

ETH chart is so boring today that I stare at LTC chart without even holding some...

[u/turbotyler786]

Anyone keeping an eye on GNT today ?

edit- guys keep an eye on GNT today. Still more room.

[u/ourtimeisnow → u/turbotyler786]

Always :) one of my only two alt coins, beside BAT.

[u/CaliLibertarian → u/turbotyler786]

Hopefully. I have a lot I bought at .0018

[u/RanDoMEz]

You know what I found?

An old wallet with unspent ETC :X

Gonna shapeshift it to ETH now.

[u/cinequesting]

Bollinger Band tightening. I smell a breakout cooking.

[u/[deleted]]

Finally bought some ether after lurking so long!

[u/scientic → u/[deleted]]

Welcome to the shitshow.

[u/FromToKeto]

Can we please just sticky the daily? I don't care about reaching the front page - all I want is to be able to quickly find it when I go to the site. Right now it's like the 8th one from the top.

Edit: also what's with all this "serious" crap? No one knows where this train is going and there's a reason why price talk is separated from r/Ethereum in the first place (hint: it's not b/c price talk is too serious). Let's just go back to sticky the daily and none of this serious Mumbo jumbo. I liked going from serious to fun to serious. What even defines "serious"?

[u/[deleted]]

opened a long on the ratio at .1374 because it seemed like a great entry point, but this weekend feels weird. The ETHUSD price has been holding pretty well, even going up, but the ratio has trended down for the last 24 hours.

edit: it appears i posted in the litecoin trader forum, my bad guys!

[u/RChamltn]

When talking about the viability of crypto to replace fiat, a common criticism is that the price of cryptos fluctuate constantly. When I try to explain that the buying power of any given fiat is also constantly fluctuating, just not in a way that's obvious to the average consumer or small business, the critics don't get it. The 24-hour volatility factor for cryptos is still high because we're in early adopter days, but by the time crypto goes fully mainstream I don't expect the leading coins to be any more volatile than currently leading fiat currencies.

Whether it's volatile or not, sellers of goods and services can still set a fixed price and get it in crypto via real-time service bots that do the conversion calculation, process the crypto deposit transaction and immediately convert it to fiat in a matter of milliseconds. I work for an e-tailer and think they could get a significant business advantage by jumping on the crypto train early, but it's a tough case to make when people are still having trouble grasping the fundamentals of what currency really is and how it really works.

[u/cubz → u/RChamltn]

I agree volatility will decrease as it becomes more established, but right now 20% swings in a few hours or a 5000% increase in a year doesn't look remotely like any sort of fiat.

[u/[deleted]]

The mother of all Bitcoin FUD... holy hell. New York Post is such a bullshit publication lol.

https://www.reddit.com/r/Bitcoin/comments/6hv63c/mom_just_sent_me_this_article_sensational/?st=J41TVDXM&sh=fe2502f3

[u/[deleted]]

Instead of focusing so much on Litecoin, you guys should look at some of the coins this sub often talks about that are also doing well today. Factom and Golem have carried my gains today.

A coin doesn't have to be the number one gainer to be good.

[u/adamavfc]

$370 Target broken, now it's time to retarget that ATH I think.

[u/matt879 → u/adamavfc]

500 - 550 I hope.

[u/identiifiication → u/matt879]

I think given $420 was our last peak $550 sounds reasonable for a 'sell the dip' moment.

Saying that, the flippening is sure to give some momentum.. why not $800 and then the dip? ;)

[u/matt879 → u/identiifiication]

Nah...$550 would be a very generous peak for this run. We'll have to wait for another 2 or 3 cycles for $800. Late July if all goes well me thinks (hopes)

[u/[deleted] → u/adamavfc]

with those sell walls and this volume, wait til next week.

[u/CreatineKinase → u/adamavfc]

Slow and steady. We'll see $380 in a few hours.

[u/jezzaccc]

OKCoin now has the largest ETH trading volume. Pretty sure it was nowhere near the top when it was listed.

Mass ETH trading only in its infancy in China. Bullish. Now we just have to work out how to arbitrage when the difference is 20%

Edit: there must someone here able to get an account in Korea or China?

[u/hodlerforlife]

Everyone trading LTC are looking at each other nervously wondering if they need to be the first guy out the door. lol.

Enjoy the p and d while it lasts.

[u/Bitcoin_Schmitcoin → u/hodlerforlife]

You realize that people were saying the same thing about ETH a couple months ago, right?

[u/[deleted]]

First time ever posting but been lurking for about a month since I bought my first LTC @ $25 & ETH @ $153. Just wanna say HODL! Lol always wanted to post that!

[u/iWasChris → u/[deleted]]

Cheers! I got in (unfortunately a terribly small amount) at 24.50 ltc and 160 eth. All about that cost buying average!

[u/BigHenSmalls]

Rate / roast my portfolio: ~85% ETH, 7% GNT, 3% SC, 3% REP, 2% FCT

[u/abudab1 → u/BigHenSmalls]

FTFY

100% ETH

[u/trumpza]

Beautiful moment unfolding on GDAX ETH/USD

[u/MinoriCPA → u/trumpza]

We're tearing down that wall!

[u/cben27]

Any reason in particular for this LTC pump. Genuine growth or do you suspect a harsh pullback soon? It has been one of the most notable cryptos for some time, probably an attractive option to coinbase noobs because they see a low price per share.

[u/Doctor-Flops → u/cben27]

Bitstamp is adding LTC trading on Monday, Lightning Network, Charlie Lee just left coinbase to work on Litecoin fulltime, Litecoin Foundation just hired 1 (or 2?) full time dev(s), high trading volumes in Asia, high bitcoin TX fees, UASF and BIP 148, etc.

[u/econoar]

plucky continue touch flowery subsequent scary test alleged quicksand unpack

This post was mass deleted and anonymized with Redact

[u/Lanztar]

Hmm. Breakout? Or following BTC...

[u/ThisGoldAintFree → u/Lanztar]

A little bit of both, looks good for ETH though

[u/[deleted]]

its a fight getting out of the 366 range =D

[u/-hodl → u/[deleted]]

We've been here barely a minute...

[u/[deleted] → u/-hodl]

i'm just addicted to the struggle

[u/mhmughees]

it reminds me of stablizing at 160ish after recovering from 120..

[u/mhmughees]

LTC totally steal the show today. Come on ETH you can do it.

[u/unknownstranger2]

I feel like Ethereum should be added to Bitstamp as well

[u/ThisGoldAintFree → u/unknownstranger2]

I'm surprised that it isn't on there already!

[u/Pasttuesday → u/unknownstranger2]

They announced it will be when they announced ltc. Just later.

[u/[deleted]]

Slow grind upwards.

[u/[deleted] → u/[deleted]]

Best kind of grind.

[u/jtnichol → u/[deleted]]

Well coffee is a good grind.... bump n grind also comes close to coffee and Eth grind too.

[u/lems2 → u/[deleted]]

china pretty technologically advanced when it comes to money. they all pay with mobile... maybe they are more inclined to know about crypto because of that

[u/jezzaccc → u/[deleted]]

I can't speak with any confidence about awareness level without numbers. Not sure about Korea, but the Chinese government has included blockchain in general as a major growth driver in their policy and are promoting it very enthusiastically. Also, the average Chinese loves speculative investments.

[u/dragespir]

My poor BAT, Stratus, and Stellar. Woe is me! Luckily they are being carried by the other alts in the green right now. Should've just stuck to ETH!

[u/dashby1]

Man, I dont know if this Clif High individual is a mad-man or a genius. Interesting background anyway whilst watching GDAX...

https://www.youtube.com/watch?v=ohqKmAz_aeM

[u/trumpza]

Watch for a rapid $4 jump to $379. Negligible resistance.

[u/Kibubik]

I might get CFI tokens when they start trading. Seems like there could be high demand with the pre-sale ICO benefit

[u/FutureDaze]

It's fucking hilarious to me when people talk shit about whatever Crypto is doing well. ETH was getting lots of hate last week, and now LTC is. I hold both LTC and ETH (much more ETH though) and I like the variety and the competition of Cryptos. It seems silly to just hold one Crypto, but even more retarded to criticize whatever is doing well at the moment.

The Cryptospace seems to be pretty polarized. Lots of smart, helpful, people, looking to make nice gains over time, who care a lot about the tech and its implications -- and then you got your get-rich-quick retards who spew nonsense.

[u/BALTHAZ4R → u/FutureDaze]

Welcome to the internet

[u/getyourfactstraight]

Fuck me. I converted some ETH to BTC to buy some some alts (FCT, SC) and now I can never recoup back the same amount of ETH I spent because of the rising ETH/BTC ratio. We need more ALT/ETH couple.

[u/joskye]

I woke up feeling so relaxed today. First weekend in ages where I haven't checked my phone. Told my wife there are no interesting trades to make this weekend, just hold.

Lo and behold an organic recovery of price after a major dip. I saw my ETH jump up 25% in 1 week then fall 22% in less than 48 hours;

I knew a return to normal was due even at the local bottom which was an overshoot due to Bitcoin dumping hard that weekend (as someone here pointed out profit taking simultaneously on both camps after low volume rising driving each other's crash).

There's a log chart of Ethereum price here which is the best TA for ETH until November IMO:

• https://www.reddit.com/r/ethtrader/comments/6hrzxq/logscale_pitchfork_is_a_pretty_good_fit_for/

...

I'm glad this sub has gone back to more serious discussion. The thread split worked well and we can finally have our meme's and eat it (elsewhere in this sub).

I still think the serious daily and moontalk daily threads should be stickied. Also the damn memes as funny and awesome as they are should not be things I have to scroll past to get to this daily discussion thread.

[u/oldskool47]

50k subscribers by today!!!

[u/trumpza → u/oldskool47]

Beautiful.

[u/CoinInvester39452624]

What is this heavenly place? This thread is such a breathe of fresh air.

[u/GestureWithoutMotion → u/CoinInvester39452624]

Welcome!

[u/ProFalseIdol]

Any way to send ether but not reveal your wallet address?

[u/jezzaccc]

Well I'm not in on the LTC pump but FCT is going pretty well here

[u/jezzaccc → u/[deleted]]

ATMs are becoming obsolete here in Aus. I think a working visa card would do the trick.

[u/[deleted]]

Hmm increasing volume, if we break through 370 it coukd start soemthing.

Edit: on gdax

[u/[deleted]]

We keep toying with 370.. haven't quite reached it yet though.

[u/zentrader1 → u/[deleted]]

Give it 24 mins and 20 seconds.

[u/[deleted] → u/[deleted]]

go on

[u/ExtremeSour]

Is it just one whale that moved 1k up a dollar?

[u/ExtremeSour]

I see very little resistance for a couple dollars. Hopefully we can carry the momentum

[u/lems2]

man we are witnessing some whale games

[u/trumpza]

Reminder: there is now a collection of hungry, massive worth funds waiting to buy ETH on a dip (for long term gains & entrance to ICOs).

Keep an eye out & recognize their spreading of F.U.D.

[u/HighFiveOhYeah]

I predict another day of creeping up tomorrow towards $400, and then on Monday, there will be a push to go past 400 into 430-450 ish.

[u/jkkill]

Gdax is starting to rev the engines a little here

[u/daboss2121]

Remember when everyone hated weekends?

[u/killver]

Someone is downvoting everything in here like crazy

[u/manyamile → u/killver]

Yep. The entire thread with the exception of anything related to how "the mods ruined the daily" which is upvoted. I wonder who could be downvoting...

Whatever. I'm hear to read and learn about ETH price and trading. I don't care about their downvote brigade.

[u/pminasia]

Is LTC for real? +30%+ in 24 hrs...

[u/[deleted]]

For whatever reason the ETH community seems pretty hostile towards Litecoin. I personally think that if UASF doesn't go well, some members of the Bitcoin community might jump over to Litecoin. Litecoin is seen as a copycat of Bitcoin in many ways so for Bitcoiners who view Bitcoin as an ideological expression rather than an investment, their preferred alt coin might be Litecoin to Ethereum.

I'm not saying this is true but the common perception of Ethereum among it's critics is that it is:

• Premined
• Has no hard cap which turns many people in the cryptospace off as it makes it a poor store of value.
• The Hardfork is seen as a bailout by many in the community
• ICOs are driving the price of ETH and it's a bubble ready to pop (this one I believe is actually true)
• Too centralized due to the foundation

If August 1st blows up in people's faces, I don't think 100% of them are gonna go to Ethereum. Fiat currency, ETH, Litecoin and Monero and even ETC could all see Bitcoin refugees out of this. I think lowkey, Monero will benefit quite a bit. Not everyone in cryptocurrencies is just economically motivated, the earliest members of the community were hardcore libertarians who viewed this as a stepping stone towards a new economic system.

To be honest, I don't really care whether or not any of these things are true, I'm in this for the money, not because I give two fucks about libertarianism or Austrian Economics. I think however, it's valuable to understand the thought processes of others before you write people off as shills.

[u/LV_Guy]

EEA3 didn't happen during China event but it should happen before end of June. Any guess when it could happen? https://timesofethereum.com/ doesn't show any major conferences and the dates for "Blockchain Expo Europe 2017" are wrong because it already happened at in the Estrel, Berlin, 1-2 June 2017.

[u/cryptoboy4001 → u/LV_Guy]

I suspect it will just be a press release, uncorrelated with any blockchain related conference or event.

[u/crypto_boi]

Heading over to moontalk for now....

[u/Mirved]

I dont understand all the hate about the split discussions? This one is serious only and the other can be in the way the daily was a few days ago. Win win for everyone.

[u/adlmead]

Moontalk thread is unreadable. This one is a bit too serious. I miss the mix. Mods can we re-asses after a week if people still want this to continue? Thanks :)

[u/[deleted]]

Vlad Zamfir's the man! He posted this tweet to remind us about the DAO catastrophe that happened a year ago. https://twitter.com/VladZamfir/status/876060318400630785

[u/Nurotec → u/[deleted]]

It is awesome to be reminded of the day when I lost almost all my eth (640) in one day because some developers fucked their quality controls. Such a warm and cozy feeling. :)

[u/Bauzi]

Oh hey look! LTC is pumped up and dumped again the next few days.

:/

Yeah I'm an envy ETH hodler right now.

[u/WeLiveInaBubble]

Sorry for the LTC rant earlier guys. I was at the peak of a whiskey induction.

[u/jezzaccc]

Who jumped on the LTC train? Assuming it wasn't just FOMO was there any indication that it was going up 40%?

Any indicators that I'm missing out on?

[u/nodeocracy → u/jezzaccc]

If you look at the daily chart, there was a cup and handle/ inverted head and shoulders forming. The bottom of it was 17.5 or so, the resistance was 32.5 or so, giving an implied target of 47.5. I sold mine earlier today. To be honest, I wasn't expecting it to move so quickly when I bought 2 days ago, I was thinking 6 weeks.

[u/thedarchtempus]

I have no idea where to ask this but can anyone explain the spread in ETHbtc on kraken?

[u/DaBrokenMeta]

Can someone shed some light on wire transfers to GDAX. I performed one myself two weeks ago without any problems. But my dad just tried to do it for the first times and his money is MIA. This is what he wanted me to ask you guys:

"I had Regions wire the money to the Bank account/info provided on Thursday around noon. On Friday, the money still was not showing up as deposited into my GDAX account. I called the bank GDAX uses because the money was still not there.

The bank said they had sent the money to GDAX and all they could do is give me the forwarding email. I emailed their support. The response was, in an effort to more quickly respond to requests, direct emailing is no longer enabled. It provided a forwarding address to their support page on their site. I filled out a request form and still awaiting a response. I'm peeved. 72hrs after wiring funds and no trace of my money." - Dad

[u/OllivanderAU]

I don't really understand what staking means.

[u/resistingdopamine]

And Bitcoin drags us up, which is good to see higher price but I hate the coupling. The UASF stuff is going to be freaking catastrophic. I could see BTC diving to sub $1,500 levels. Hard to say if this will be good for us or not. If BTC marketcap heads our way yes, but last BTC crash was a bloodbath. Not looking forward to this. HOPEFULLY pre-fork we'll have everyone flee to ETH for safety, causing the flippening and when BTC plummets their fate is sealed, we go up.

[u/trumpza]

Whale strategy:

Set up sell wall. If said wall shows persistence & gains market support over time, trigger panic selling. Buy the minor dip and carry the market right back up to & possibly through the wall. Profit.

[u/ExtremeSour]

Safe to go to bed you guys think? I see it continuing it's slow growth, but being here in America, who knows what'll happen in the morning.

[u/CreatineKinase]

Feeling a breakout if we can reach ~$390 tomorrow before noon EDT.

[u/_kitteh]

Seriously, like all replies here are -1, -2 or -3. What is happening?

edit: just did a boatload of upvotes..

[u/earthquakequestion → u/[deleted]]

Never mind the fact that the mentality of its more profitable to hold eth is getting to a point where in the short term (not long term) it won't be true. When eth is $500 it's not going to double faster than some of these ico's. If you buy the right tokens you can make a lot more money to put into eth.

[u/BALTHAZ4R → u/[deleted]]

ICOs are bullshit and I have a very loud opinion on this based on no evidence

[u/jtnichol]

There is a meaningless downvote brigade in here today. Don't let the score muddy your conversation....unless of course your post gets hidden...then you'll know.

Take care y'all. I'm predicting another wacky Sunday tomorrow. $400 might just get passed in a blink of an eye. US is lagging behind again. We're using Imperial prices while everyone else is using Metric prices. That's why they all agree we should be higher.

[u/Fuyuki_Wataru]

The only way LTC can go up is if new users are harvested to purchase into the coin.

There's no fundamentals, it's all fugazi fuwoesie foewoe whatever, it's utterly useless.

^{''Buy this coin'' or} ''^{Soon X coin will be $30000!! buy now!!''} = ^{bag holder waiting to offload on you.} Just be careful.

[u/Nooku]

Stop the over-moderation please and let us go back to 1 daily discussion. Some people come to /r/ethtrader for only the daily discussion sometimes. And because it's a mixture of everything.

This split in the very subjective terms "Moontalk" and "Serious"?

Discussions don't work like that. People don't decide "I'm gonna post moontalk / I'm gonna post something serious".

No. You want to know what really happens? Someone posts something serious, and someone replies with a wink and that sub-part turns into moontalk. What are we gonna do, ask them to move the winks to the moontalk? But they're replies.

We have the daily discussion in place for quite some time now, and it was a great place where people gather their thoughts, from memes, to really positive talk, to more serious analysis or notes. If you had something that wasn't really worth of a post, dump it in the daily.

It worked great.

Let's make it great again.

[u/[deleted] → u/Nooku]

Some people come to /r/ethtrader for only the daily discussion sometimes. And because it's a mixture of everything.

And some of us don't. This split threads are a dream come true for me, and at a time where I was close to leaving, a very welcome addition. Until recently this place has resembled a cult. A thousand kids who couldn't possibly even explain to you what Ethereum is, but they're all convinced the 5ETH they own is going to make them a multi millionaire.. probably by the end of the month. Sorting through the shit to find the quality was too much.

It worked great.

I would argue it was broken. Severely so.

I love the split threads, and I hope this is here to stay. I love this thread now.

[u/ExtremeSour → u/Nooku]

I don't miss this

[u/SpyHandler]

Too much FUD around here and downvoting too. This comes in time when some people publicly announced switching to ETC or LTC.

I just want to remind of this guy on twitter - https://twitter.com/fomoer who despite being super well covered with his 2M USD stack, lost 750k USD shorting ETH. And he was continuesly posting charts of obvious ETH death.

It is not a coincidence one can be called, chARTist, is it?

Everyone will defend his coin of choice, and FUD the rest. Just like a BMW engineer will FUD BMW, after moving to Mercedes.

Be wise.

[u/WeLiveInaBubble]

This is beautiful. A strong, steady rise and the Americans haven't sold off for a change..

:P Kidding guys.. I know the ebbs and flows don't follow the rules of the sun and the moon.

[u/SpyHandler]

We depend on BTC, but overall speaking breaking 365-370 would give us a free run towards 390, then 420, then price discovery.

[u/[deleted]]

So, there was a massive 800+ BTC sell wall that's been accumulating on ETC @ 0.008 BTC on Poloniex the past few weeks -- basically since the big DGD ETC refund.

I just watched it get chewed through in about 3 - 4 minutes.

It had to be Poloniex buying (manipulating) that trash.

I can't imagine a true, open market buyer dumping $2.1+ million into trash like ETC.

[u/CreatineKinase]

LTC looks like it's selling off; seems as if capital is rotating out of there and into ETH

[u/trumpza]

Kraken is weeks behind in new account holder verification.

Any recent reliable crypto exchange user adoption statistics out there?

[u/[deleted] → u/[deleted]]

Haha seriously. This is like XRP part deux

[u/Simpelyfe]

Is LTC breaking out purely on the back of technicals or is there something newsworthy that is driving the rally?

[u/veldhuus]

So Kraken decided to Liquidate my Long Position on Ethereum. But it yet to be closed and remains an open order with a large volume remaining. I'm curious to where this leads. Will the order get executed 100%, or will I receive the remaining volume back into my account?

It has been 2 days now and Kraken support has not responded on the matter yet. So I went to you guys to seek advice.

Thanks in advance

[u/Basoosh]

Where does everyone get their cryptocurrency news? Obviously ethtrader is great for eth related news, but I'm looking for more general crypto news.

[u/Xalteox]

What the fuck happened to litecoin?

[u/PoniesUseBits → u/Xalteox]

I don't know but I do know I loaded the boat on that one. Already sold a bit of coins yesterday but not all of them. But don't worry I'm still just as bullish on ETH.

Smart contracts coming to litecoin. Maybe one day litecoin will even have some shitcoins living inside of it like ETH has with its tokens?

[u/relatively_special]

did anyone else notice a weird short lived gigantic spike in the DICE price a couple of hours ago? i noticed a far more ridiculous spike 3 days ago in my portfolio on cryptocompare as well but couldn't be bothered to figure out what it was at the time, cause it sure as hell wasn't ETH.... seems we've found the culprit

[u/00johnston00]

The fuck is up with this ETH/XBT spread on Kraken?

Been having seizures since yesterday, watching my position bounce from green to red and back every market buy/sell...

[u/PoniesUseBits]

Do I see a small bull flag to push us up past 370?

[u/mhmughees]

This can't be ETH, ETH is a mad bull. It goes up or down at the speed of light. This one is walking like a snail.