OtherGround Forums Ethereum going crazy, like bitcoin

5/4/17 4:23 AM
9/9/10
Posts: 802

There's a lot of new people in here getting interested in crypto. A lot of you haven't had any experience at all with how volatile these currencies are. Every bubble cycle people come in hoping to get rich quick & end up losing everything. 

Take a look at this chart:

https://cryptowat.ch/coinbase/ethusd/1w

If you think buying here is a good spot then you need to pick up a trading book. Yes you may get lucky & it moves another $50. However when it corrects or even crashes it will be so violent & so quick it will take you by suprise. 

People in this thread are willing to put thousands into something that they don't know anything about. That's telling me we are in serious bubble territory. 

Be careful out there!

5/4/17 7:45 AM
11/5/09
Posts: 9955
This is the excitement of the last high then it dropped to what? 200? I'm thinking of selling mine.
5/4/17 10:19 AM
3/13/17
Posts: 342
Juxtaposition - 

There's a lot of new people in here getting interested in crypto. A lot of you haven't had any experience at all with how volatile these currencies are. Every bubble cycle people come in hoping to get rich quick & end up losing everything. 

Take a look at this chart:

https://cryptowat.ch/coinbase/ethusd/1w

If you think buying here is a good spot then you need to pick up a trading book. Yes you may get lucky & it moves another $50. However when it corrects or even crashes it will be so violent & so quick it will take you by suprise. 

People in this thread are willing to put thousands into something that they don't know anything about. That's telling me we are in serious bubble territory. 

Be careful out there!


I dont know shit about this but I set up an account on coinbase this week and bought a bunch of LTC, and ETH. Its looking good so far. I bought it as a long term investment.

I'll buy a few more next week and just sit on it and hope it blows up like BTC did.

I got 2 of my friends who know nothing about this to buy a few also.

#BubbleTerritory
5/4/17 11:22 AM
1/1/01
Posts: 6758

Eth hit 90. I'm sure there will be a correction at some point.

 

for the new guys, be prepared for swings. It happens. I saw btc originally hit 1200 and then hit 200. I saw eth hit 20 and then the dao incident where it went low.  I saw ltc hit 43 and then 5. 

Lots of people buy and then panic because the price goes down.  This is not magic that guarantees money... please  play with money you can afford to lose.

5/4/17 11:38 AM
6/28/13
Posts: 10867
In
5/4/17 1:25 PM
1/1/01
Posts: 51777
Sonester Sambo - What scares me is quantum computing and eth being in unlimited supply unlike bitcoin. Does anybody have a better understanding of this.
Ive read that quantum compiter cant make bitcoin faster, Id think wth would be the same. Unlimited supply would be worrysome
5/4/17 1:26 PM
1/1/01
Posts: 51778
Bitcoin 1600

FUCK ME
5/4/17 1:41 PM
5/25/13
Posts: 6863
At some point it will burst like the South Sea bublle, and crash like Bronze axeheads at the start of the iron age. But probably a bunch of folk will get rich first.
5/4/17 1:42 PM
6/23/09
Posts: 9976

imho, cryptos just may be the perfect hedge against the 'global central bank economy'. more and more investors are starting to realize that cryptos offer the type of safe haven that traditional commodities can't--fixed supply with no central authority manipulating supply. any sign of a hiccup or recession in said economy should see to crypto's gain. Also imho, the US economy is long over due for a recession/correction; it has been artificially propped up by the Fed's monetary policy for too long. Now there are rumblings of a fiscal stimulus in the form of big tax cuts; all this just delays the inevitable, inflates the bubble, and makes the correction that much bigger when it comes. hold on to your cryptos, it's going to be an interesting ride.

5/4/17 1:50 PM
9/9/10
Posts: 804
Pedro Navaja -
Juxtaposition - 

There's a lot of new people in here getting interested in crypto. A lot of you haven't had any experience at all with how volatile these currencies are. Every bubble cycle people come in hoping to get rich quick & end up losing everything. 

Take a look at this chart:

https://cryptowat.ch/coinbase/ethusd/1w

If you think buying here is a good spot then you need to pick up a trading book. Yes you may get lucky & it moves another $50. However when it corrects or even crashes it will be so violent & so quick it will take you by suprise. 

People in this thread are willing to put thousands into something that they don't know anything about. That's telling me we are in serious bubble territory. 

Be careful out there!


I dont know shit about this but I set up an account on coinbase this week and bought a bunch of LTC, and ETH. Its looking good so far. I bought it as a long term investment.

I'll buy a few more next week and just sit on it and hope it blows up like BTC did.

I got 2 of my friends who know nothing about this to buy a few also.

#BubbleTerritory

Welcome to the party! 

I hope you have balls of steel. You and everyone in herewill learn the hard way. It's a right of passage for crypto. 

5/4/17 1:51 PM
7/2/10
Posts: 8168

Sub

5/4/17 1:56 PM
6/23/09
Posts: 9977

Litecoin is a good alternative to Bitcoin. fundamentals are similar:

-21 Million BTC, fixed supply

-84 Million LTC, fixed supply

LTC is hovering around $29, still relatively cheap. yesterday it was $21. It is quickly catching up to its 2013 all time high of $38.

https://en.wikipedia.org/wiki/Litecoin

5/4/17 2:14 PM
5/25/13
Posts: 6864
btw snake oil has been going through the roof lately. I can get you supply at best price, for anyone that is interested!!
5/4/17 2:30 PM
9/9/10
Posts: 805
Marcus Agrippa - btw snake oil has been going through the roof lately. I can get you supply at best price, for anyone that is interested!!

Welcome to come short it.

5/4/17 2:39 PM
11/5/09
Posts: 9959
Coinbase down
5/4/17 2:40 PM
11/5/09
Posts: 9960
The thing that sucks is when shit starts crashing so does the coinbase site and you can't sell anything
5/4/17 2:47 PM
9/18/12
Posts: 4044

For later

5/4/17 2:54 PM
1/1/01
Posts: 51789
Marcus Agrippa - At some point it will burst like the South Sea bublle, and crash like Bronze axeheads at the start of the iron age. But probably a bunch of folk will get rich first.
I think a few guys made money off tulip mania. Most got slaughtered though.
5/4/17 4:21 PM
11/5/09
Posts: 9962
"Unfortunately coinbase is unavailable"
5/4/17 4:27 PM
1/1/01
Posts: 51795
KeezyDoesIt - "Unfortunately coinbase is unavailable"
All your coins are belong to us!
5/4/17 8:49 PM
1/19/12
Posts: 26897

It's basically at $100 now. WTF????

5/5/17 9:22 AM
3/13/17
Posts: 349
ABCTT_GROUNDnLB - 

It's basically at $100 now. WTF????


Yesss lmao. Thanks OG.



Anyone know where I can buy RIPPLE coin?

I'm struggling to find a solid site. If you know one let me know please.
5/5/17 9:53 AM
3/13/17
Posts: 350
Guys..

XRP has increased alot recently, is now at $0.101160 per share

if that goes to just 10$
thats 98x value

just a heads up because yall passed me the tip for ETH and I spent the last 2-3 days at work buying BTC,LTC and ETH..

playing with money i can afford to lose anyways. but this shit is fun for real.

https://ripple.com/xrp-portal/how-to-buy-xrp/

Japan’s Biggest Bank Partners Ripple, Plans Global Blockchain Money Transfers in 2018 - CryptoCoinsNews
The Bank of Tokyo-Mitsubishi UFJ (BTMU), the banking arm of the Mitsubishi UFJ Financial Group (MUFG) has joined Ripple’s endeavor to establish an international blockchain payments network of global banks. (105kB)

5/5/17 11:40 AM
3/16/11
Posts: 2695
Pedro Navaja - Guys..

XRP has increased alot recently, is now at $0.101160 per share

if that goes to just 10$
thats 98x value

just a heads up because yall passed me the tip for ETH and I spent the last 2-3 days at work buying BTC,LTC and ETH..

playing with money i can afford to lose anyways. but this shit is fun for real.

https://ripple.com/xrp-portal/how-to-buy-xrp/

Japan’s Biggest Bank Partners Ripple, Plans Global Blockchain Money Transfers in 2018 - CryptoCoinsNews
The Bank of Tokyo-Mitsubishi UFJ (BTMU), the banking arm of the Mitsubishi UFJ Financial Group (MUFG) has joined Ripple’s endeavor to establish an international blockchain payments network of global banks. (105kB)

Fuck it, I won $100 on a bet last night. I'm throwing it into this ripple shit. Who cares if it goes bye-bye. Thanks for the tip Pedro, anything else I should know?
5/5/17 11:40 AM
3/16/11
Posts: 2696
Sonester Sambo -
Pedro Navaja - Guys..

XRP has increased alot recently, is now at $0.101160 per share

if that goes to just 10$
thats 98x value

just a heads up because yall passed me the tip for ETH and I spent the last 2-3 days at work buying BTC,LTC and ETH..

playing with money i can afford to lose anyways. but this shit is fun for real.

https://ripple.com/xrp-portal/how-to-buy-xrp/

Japan’s Biggest Bank Partners Ripple, Plans Global Blockchain Money Transfers in 2018 - CryptoCoinsNews
The Bank of Tokyo-Mitsubishi UFJ (BTMU), the banking arm of the Mitsubishi UFJ Financial Group (MUFG) has joined Ripple’s endeavor to establish an international blockchain payments network of global banks. (105kB)

Bitstamp is an exchange based out of Slovania.
Thats bad I'm guessing.