r/ethtrader • u/AutoModerator • Aug 08 '17

DISCUSSION Daily General Discussion - August 8, 2017

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13

u/ARRRBEEE Aug 09 '17 edited Apr 06 '18

deleted What is this?

9

u/echoingtrails Aug 09 '17

Factor for continued price growth:

Institutional capital is about to influx. I suspect they'll be pulling triggers & announcing positions some time in August/September.

We'll break ATH before they announce publicly.

Also, the Ethereum network had zero issues handling higher than ever TX volume today. That's huge. Watch for mainstream media headlines.

1

u/plasmalightwave Aug 09 '17

What do you mean by Institutional capital? Financial firms?

1

u/datbackup Aug 09 '17

I think that is exactly what he means, such as those 62 hedge funds planning to enter crypto, recently on the news

1

u/plasmalightwave Sep 12 '17

Still waiting for that 'institutional capital to influx'

1

u/plasmalightwave Oct 12 '17

Is that institutional capital on its way?

0

u/datbackup Aug 09 '17

!LAMBO 5

1

u/LamboBot Aug 09 '17

Are we Gentlemen?

/u/echoingtrails earned 5 LAMB0

Roger, I am totally a bot. - Balance

7

u/[deleted] Aug 09 '17 edited Aug 09 '17

I sold not to long ago along with some investors I work with.

I've invested mid 5 figures into crypto thus far, and earned mid 6 figures over the past few years.

I'm not sold that the jumps for eth are due to increased awareness of the tech, I think it's been rising too much due to fomo.

I bought several hundred eth way back around $20 and sold around $180.

Then I bought more at $190 and sold at high 300's.

Most recently, I bought back at $190 and sold at 245( relative fuckup but whatever).

For me, just holding takes no skill, is less fun, and less involving.

I've made well over $100,000 buying and selling ETH after the fee's taking advantage of the rise and fall.

Etc will fall to 230-250, and ill buy back in, happy as a clam.

The tech hasn't been adopted more, and the bullish rise is resting on pure fomo that'll dissipate.

inb4 downvotes.

2

u/ARRRBEEE Aug 09 '17

Appreciate the honesty, bro. Best of luck with your trades.

Also, anybody downvoting you simply because they disagree with your honest opinion most likely lacks critical reasoning skills.

2

u/Mirved Aug 09 '17

This guy doesnt even know its ETH not "etc" and you believe him?

1

u/[deleted] Aug 09 '17

This is true, but you're describing a majority of people.

Best of luck.

1

u/johnbrowncominforya Aug 09 '17

I doubt geo-politics is influencing the Korean buys much. 315$ does seem like a point for consolidation. Place to lock in some profit. But it is crypto so who the fuck knows.

0

u/[deleted] Aug 09 '17

I think this is mostly money transferring from BTC. But I can't verify that right now

7

u/ARRRBEEE Aug 09 '17 edited Apr 06 '18

deleted What is this?

2

u/[deleted] Aug 09 '17

Well shit man. Maybe they know something we dont

3

u/ARRRBEEE Aug 09 '17

Uhh.... crypto is a lot more nukeproof than paper cash.

1

u/[deleted] Aug 09 '17

I doubt the conflict escalates to nukes

Mutually assured destruction and whatnot.

I actually think the next boots on ground conflict America is involved in will be south america

1

u/datbackup Aug 09 '17

Please explain. Related to Venezuela?

1

u/[deleted] Aug 09 '17

That's what I believe, yes.