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The Ethereum (ETH) thread
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pants Offline
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Post: #201
RE: The Ethereum Thread (the alt coin to Bitcoin)
I feel its to hard to say. The last bubble was much steeper back in 2013, I feel like here we are actually seeing a more "steady" increase.
damn, all the exchanges are super slow. Cant even get into this crap. More tilted...
05-22-2017 09:43 AM
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CleanSlate Offline
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Post: #202
RE: The Ethereum Thread (the alt coin to Bitcoin)
^ ETH's market cap is 17B now, while Bitcoin is 36B.

If ETH surpasses $400, it would eclipse Bitcoin's market cap and become the #1 crypto. For now I don't think that's realistic, but I said a month ago that bitcoin's market cap won't go below 50% of all cryptos... and last week it did.

Anything is possible man.
05-22-2017 09:52 AM
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Post: #203
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-21-2017 10:20 PM)ScrapperTL Wrote:  ReddCoin up 480% today alone, not counting the 250% increase it already had since I originally invested.

When yall gonna jump on the bandwagon?

I'm probably gonna sell tonight, can't imagine this blowing up anymore than it is.


My money's in Digibyte. Reddcoin's a pump and dump, I think it's already over. DGB is going to $1 by the summer.

We're going to be rich, boys. Get in while you can.


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05-22-2017 09:54 AM
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CleanSlate Offline
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Post: #204
RE: The Ethereum Thread (the alt coin to Bitcoin)
^ What's the reasoning for DGB going to $1?
05-22-2017 09:57 AM
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Isaac Jordan Offline
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Post: #205
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 09:57 AM)CleanSlate Wrote:  ^ What's the reasoning for DGB going to $1?

Yeah can we stop with the scammy pump and dump posts? Go make a Shitcoin Thread for that stuff.

Ethereum is a legitimate project with world-changing potential; if you can't explain the value prop for your crypto aside from "hurry up and buy before it dumps" then it doesn't belong here.
05-22-2017 09:59 AM
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dodecahedron Offline
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Post: #206
RE: The Ethereum Thread (the alt coin to Bitcoin)
Quick question regarding margin trading for the experts.

What would be best (settling or closing) a long position?

XBT bought ETH with margin.

Now both ETH and XBT went up in value over time.
05-22-2017 11:26 AM
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BostonBMW Offline
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Post: #207
RE: The Ethereum Thread (the alt coin to Bitcoin)
I have about $10K of play money that I want to max out.

Have set up an account on Coinbase, waiting for that bank confirm.

I may do a $7500 ETH and $2500 BTH split for now.

Do you guys see the ETH rally continuing through the week?
05-22-2017 11:42 AM
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britchard Offline
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Post: #208
RE: The Ethereum Thread (the alt coin to Bitcoin)
It's a classic 'do I or don't I' scenario. On the one hand we can all clearly see that a bubble is building around some crypto currencies, but ones like Ethereum and Bitcoin with an actual goal/purpose and potential should therefore stay relatively liquid and still be of worth, no matter the speculation.

Did anyone in 2011/2012 see Bitcoin going over $2000? Maybe we should look at Ethereum in a similar light.
05-22-2017 12:01 PM
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Post: #209
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 11:42 AM)BostonBMW Wrote:  I have about $10K of play money that I want to max out.

Have set up an account on Coinbase, waiting for that bank confirm.

I may do a $7500 ETH and $2500 BTH split for now.

Do you guys see the ETH rally continuing through the week?

Since it broke out in March ETH has consistently exhibited the classic "high tight flag" chart pattern: a steep breakout followed by a moderate correction and then several days or weeks of consolidation.

While there's a chance of additional big news dropping this week, I'd be willing to bet ETH continues with that pattern of dropping slightly over the next day or two and then consolidating, likely around $170 or so.

I'd give it a few days to cool off and then buy in once the price volatility subsides.
(This post was last modified: 05-22-2017 02:21 PM by Isaac Jordan.)
05-22-2017 01:55 PM
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Genghis Khan Offline
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Post: #210
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 09:42 AM)Mr. Scumbag Wrote:  The ETH train shows no signs of stopping. I've got 17 I bought around 2 months ago. If I knew it was going to explode like this I would have sunk most of my last couple of paychecks into it.

How high is it predicted to get now? Is $500-$1000 by June realistic?

Hard to predict. I think some people were predicting $200 by the end of the year, and that was considered outlandish.

We've seen the following:
$10 -> $50, with consolidation in the $40s
$40 -> $98ish, with consolidation in the upper $80s, low $90s
$90s -> $180ish (now).

The jumps come about usually when there's big news (ethereum enterprise alliance). And the jumps have (so far) been at least doubling of value.

Expected this summer are Raiden (allowing a million transactions per second) and Metropolis, the version that will enable Proof-of-Stake. If we assume both enable a doubling, you're looking at $700 ETH (end of August).

But you know what? The brutal reality is that nobody knows. I bet there is not a single person in the world who would've guessed $180 today. Is $500-$1000 by June realistic? Who knows. Ethereum is taking off so fast. $1000, $2000, $5000 by the end of the year? Who knows. Just hold and watch your ETH explode in value.

Not happening. - redbeard in regards to ETH flippening BTC
(This post was last modified: 05-22-2017 02:49 PM by Genghis Khan.)
05-22-2017 02:47 PM
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DamienCasanova Offline
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Post: #211
RE: The Ethereum Thread (the alt coin to Bitcoin)
http://www.zerohedge.com/news/2017-05-22...-heres-why

Bitcoin is trading at a $400, or 19%, premium on Japanese Markets as Bitcoin fever takes hold.

The USD-BTC markets are trading at $2150 whilst the JPY-BTC pair is trading at the equivalent of $2550.


Japanese volumes are 42-50% of trading with 132k BTC volume or c.$300 million per day.

The Japanese have caught the Bitcoin bug and inefficiencies across markets are being exposed. Irrational exuberance is taking hold as the Japanese stumble over each other to enter the Bitcoin market and drag up international prices.

Ethereum has seen a strong price rise on the back of the Ethereum Enterprise announcement and strong buying from Korea where the price is again at a large premium trading at $230 compared to the USD market at $180 - or 27%. The Korean market share of ethereum trading has been steadily increasing and has now reached 15%.

Summary

Bitcoin has hit the $2200 mark after a strong bull run with a fleshing out of the crypto ecosystem where positive regulatory moves, specifically in Japan have prompted a large inflow of fiat in the last couple of months.

The Japanese have given bitcoin the greenlight as a currency and are looking to increase the rigour that their exchanges are subject too - all in all positive for the industry as it moves more mainstream. Alongside you are seeing Chinese exchanges switching bank online after the PBoC halted withdrawals due to AML and KYC concerns in January this year. These exchanges have been trading at a steep discount for the past couple of months as money has essentially been trapped by the PBoC's diktats.

Interest in other crypto currencies has also brought money to the table that ebbs and flows via bitcoin - although you are starting to see direct ethereum pairs offering immediate exposure. The money is washing in and out of Bitcoin to search for extraordinary returns in the other crypto currencies. Ethereum and Ripple have seen some extraordinary returns this year - and momentum begets momentum with greed taking the lead.
Premia & Discounts

Bitcoin trades across multiple fiat pairs in a range of local and global exchanges. These pairs often trade at different prices due to fees, entrance and exit routes, and various perceptions of the safety of the exchange.

For example on the USD market exchanges have traded at up to a 5% or more difference. This can be exacerbated by various factors.

When these inefficiencies occur there are opportunities to arbitrage the difference. So large discrepancies or rises on one particular pair - for example the JPY BTC pair - can drag up the USD BTC pair as demand on one markets prompts opportunities on another.

Charts below showing the JPY Premium over time and price differential to the USD markets.

[Image: 20170522_BTC22001_0.png]

The Enterprise Ethereum Alliance has more than tripled in size, with the group announcing 86 new members, including South Korean telecom Samsung, pharmaceuticals giant Merck, automaker Toyota, investor communications platform Broadridge, financial markets firm DTCC, and the Illinois Department of Financial and Professional Regulation, which oversees licensed businesses in the state.

Additional factors include:

Global Uncertainty - Bitcoin has reacted as a form of digital gold at times of international crisis and this is often touted as first major price factor. Bitcoin traditionally moves with a higher beta than gold so spikes higher to the upside - periods of high correlation for bitcoin and gold occur when global uncertainty takes the ascendancy - which at present doesn't seem to be the case. Bitcoin is defying its gold relationship and subject to its own internal machinations. Gold has traded between 1240-1280 USD /oz whilst bitcoin has doubled in the last 3 months. On a macro level Macron's success, despite the storm clouds of brexit and Trump's bellicose attitude mean doom and gloom scenarios of political polarisation are improbable but still nonetheless a risk.
05-22-2017 03:16 PM
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Armogan Offline
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Post: #212
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 11:26 AM)dodecahedron Wrote:  Quick question regarding margin trading for the experts.

What would be best (settling or closing) a long position?

XBT bought ETH with margin.

Now both ETH and XBT went up in value over time.

Settling and closing are synonymous.

In the example you described, you borrowed XBT sold it (went short), and bought ETH (went long). This is not pegged to any USD amount, but to the ETH/BTC ratio ~0.07 (e.g., 1 ETH buys 0.07 BTC).

What you are really betting is that ETH is going to appreciate in respect to BTC - the ETH/BTC will be more favorable. In a ideal scenario, you borrow 10 BTC use it to buy 500 ETH, ETH appreciates in favor of BTC and now your 500 ETH can buy 15 BTC.

You close the position, repay the 10BTC on margin (loaned) and pocket the 5BTC difference.
05-22-2017 05:09 PM
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Post: #213
RE: The Ethereum Thread (the alt coin to Bitcoin)
Can someone recommend an exchange € to altcoins?
I went on cryptocompare as someone wrote here and in almost all reviews people are waiting for deposits or are getting scammed for money.

Brought to you by Carl's Jr.
05-22-2017 05:54 PM
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Armogan Offline
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Post: #214
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 02:47 PM)Genghis Khan Wrote:  We've seen the following:
$10 -> $50, with consolidation in the $40s
$40 -> $98ish, with consolidation in the upper $80s, low $90s
$90s -> $180ish (now).

I remember this a little differently, single digits -> 12 was amazing. Jumped to 20, people were freaking out. Daily fluctuations of $.50 cents and people were crying ($10 daily fluctuations seemed fantasy). I bought some at 20.05 people called me dumb, it dropped to $16, people called me stupid - I bought more.

Jumped to $22 week later, $30 shortly after. Consolidated for a bit. Skyrocketed to $45, fell down to $33 briefly. Went up from $33 to $75 in a short period. Saw the longest consolidation at this range. Went up to 80s mid 90s, came back down.

Did the $90 to $180 jump just last week. Still shocked. The whole point is that this is absolute madness, the FOMO is out-of-control, no one has any clue. Half the buyers can't even spell the Enterprise Ethereum Alliance acronym (EEA), and think the coin is actually called Ethereum.

$250 next week $80 tomorrow? Who knows. Should you get in now? No idea, might be prudent to wait out the volatility, but won't you be pissed if it jumps over $200 by the weekend? I've never seen so much volume on Poloniex. It's an absolute warzone, margin calls, liquidations, short squeezes, fake sell walls, huge dumps. Price suppression. All out massive buys at 4am to destroy the order book.

If you told me ETH would be at $150 by December a few months ago, I would have been amazed, and said what a great jump. It went as high as $180, over $200 in Korea. Go to your local Korean BBQ tonight, support the fam. They've been paying 10-30% premiums on every rally we've had.

My guess is we see a little dip, some consolidation in the $140-155 range. It all picks back up in June/July for Metropolis. Or Vitalik overdoses on cocaine in Bangkok and it goes back to $8.
(This post was last modified: 05-22-2017 06:07 PM by Armogan.)
05-22-2017 06:02 PM
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booshala Offline
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Post: #215
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 03:16 PM)DamienCasanova Wrote:  http://www.zerohedge.com/news/2017-05-22...-heres-why

Bitcoin is trading at a $400, or 19%, premium on Japanese Markets as Bitcoin fever takes hold.

The USD-BTC markets are trading at $2150 whilst the JPY-BTC pair is trading at the equivalent of $2550.


Japanese volumes are 42-50% of trading with 132k BTC volume or c.$300 million per day.

The Japanese have caught the Bitcoin bug and inefficiencies across markets are being exposed. Irrational exuberance is taking hold as the Japanese stumble over each other to enter the Bitcoin market and drag up international prices.

Ethereum has seen a strong price rise on the back of the Ethereum Enterprise announcement and strong buying from Korea where the price is again at a large premium trading at $230 compared to the USD market at $180 - or 27%. The Korean market share of ethereum trading has been steadily increasing and has now reached 15%.

Summary

Bitcoin has hit the $2200 mark after a strong bull run with a fleshing out of the crypto ecosystem where positive regulatory moves, specifically in Japan have prompted a large inflow of fiat in the last couple of months.

The Japanese have given bitcoin the greenlight as a currency and are looking to increase the rigour that their exchanges are subject too - all in all positive for the industry as it moves more mainstream. Alongside you are seeing Chinese exchanges switching bank online after the PBoC halted withdrawals due to AML and KYC concerns in January this year. These exchanges have been trading at a steep discount for the past couple of months as money has essentially been trapped by the PBoC's diktats.

Interest in other crypto currencies has also brought money to the table that ebbs and flows via bitcoin - although you are starting to see direct ethereum pairs offering immediate exposure. The money is washing in and out of Bitcoin to search for extraordinary returns in the other crypto currencies. Ethereum and Ripple have seen some extraordinary returns this year - and momentum begets momentum with greed taking the lead.
Premia & Discounts

Bitcoin trades across multiple fiat pairs in a range of local and global exchanges. These pairs often trade at different prices due to fees, entrance and exit routes, and various perceptions of the safety of the exchange.

For example on the USD market exchanges have traded at up to a 5% or more difference. This can be exacerbated by various factors.

When these inefficiencies occur there are opportunities to arbitrage the difference. So large discrepancies or rises on one particular pair - for example the JPY BTC pair - can drag up the USD BTC pair as demand on one markets prompts opportunities on another.

Charts below showing the JPY Premium over time and price differential to the USD markets.

[Image: 20170522_BTC22001_0.png]

The Enterprise Ethereum Alliance has more than tripled in size, with the group announcing 86 new members, including South Korean telecom Samsung, pharmaceuticals giant Merck, automaker Toyota, investor communications platform Broadridge, financial markets firm DTCC, and the Illinois Department of Financial and Professional Regulation, which oversees licensed businesses in the state.

Additional factors include:

Global Uncertainty - Bitcoin has reacted as a form of digital gold at times of international crisis and this is often touted as first major price factor. Bitcoin traditionally moves with a higher beta than gold so spikes higher to the upside - periods of high correlation for bitcoin and gold occur when global uncertainty takes the ascendancy - which at present doesn't seem to be the case. Bitcoin is defying its gold relationship and subject to its own internal machinations. Gold has traded between 1240-1280 USD /oz whilst bitcoin has doubled in the last 3 months. On a macro level Macron's success, despite the storm clouds of brexit and Trump's bellicose attitude mean doom and gloom scenarios of political polarisation are improbable but still nonetheless a risk.

On paper these premiums look incredible but in practice it's not nearly as easy as it seems to take advantage of the arbitrage opportunity. Japanese and Korean bank accounts are difficult enough to set up already, once you get weird (at least to them) deposits/withdrawals coming in, they're notoriously quick with suspending activity. The accounts tied to the exchanges are going to be denominated in yen/won as well, so even if the banks let you move money you're going to be eating big FX charges, which are especially high in Japan.

I guess an ideal situation would be 1) if you had access to US pricing on BTC 2) you lived in Japan and 3) there's enough volume on localbitcoins or cash only off-exchange transactions. Then you would be taking advantage of Japan's extremely low violent crime rate and cash+carry economy to get a 20% discount on your BTC lifestyle.
(This post was last modified: 05-22-2017 06:09 PM by booshala.)
05-22-2017 06:07 PM
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Post: #216
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 06:02 PM)Armogan Wrote:  I remember this a little differently, single digits -> 12 was amazing. Jumped to 20, people were freaking out. Daily fluctuations of $.50 cents and people were crying ($10 daily fluctuations seemed fantasy). I bought some at 20.05 people called me dumb, it dropped to $16, people called me stupid - I bought more.

No one in this forum called you "stupid," right?

You are talking about other people, right?

Laugh
05-22-2017 06:15 PM
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Armogan Offline
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Post: #217
RE: The Ethereum Thread (the alt coin to Bitcoin)
No one who's perspective is worth any value. But yes this was elsewhere. These same people probably bought at $180, they are the stupid ones. Who knows maybe in a year we would laugh at $150 and call it cheap. No idea anymore.
(This post was last modified: 05-22-2017 06:25 PM by Armogan.)
05-22-2017 06:22 PM
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Post: #218
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 03:16 PM)DamienCasanova Wrote:  When these inefficiencies occur there are opportunities to arbitrage the difference. So large discrepancies or rises on one particular pair - for example the JPY BTC pair - can drag up the USD BTC pair as demand on one markets prompts opportunities on another.

Charts below showing the JPY Premium over time and price differential to the USD markets.

Time to make a friend in Japan..

https://www.youtube.com/watch?v=WdhFJ5uArUc
05-22-2017 06:52 PM
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RE: The Ethereum Thread (the alt coin to Bitcoin)
Hey guys,

I'm new to this whole trading with crypto, I've heard about Ethereum a long time ago and how it was on the rise and would be smart to invest then (this was maybe around December I don't remember).

But with Bitcoin's highest trade value to date at $2500 I'm interested in just how good of an investment crypto is and if it's not just hype from people who are suffering from FOMO.

I've been looking at some the posts in this thread and the BTC thread as well as /biz and Bitcoin Talk. My question is in regards to how one speculates on which alt coins are on the rise.

My goals aren't to make an asinine amount of money but if I can turn an investment of $500-$1000 to $5000-$7000, I would say that would be a quite profitable venture for me. I'm interested in using this as a hobby to make some money on the side.

For example in this screenshot (not the most up to date, but just as an example) how would you determine based on the info on coinmarketcap. For a total noob like me I'm just looking at the % change in the last 24 hours and the price graph. Is that generally what is looked at for speculation or does one need to look at the full white paper to understand its worth by what kind of disruptive technology they are using?
[Image: Top10coinMarketCap060516-1024x685.jpg]
05-22-2017 07:27 PM
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RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 09:54 AM)Mr. Scumbag Wrote:  We're going to be rich, boys. Get in while you can.

Perhaps this era is the new roaring 20s, however I am ready to get a little speculative with these cryptos.

I'll probably take base hits over home runs with the run ups.
(This post was last modified: 05-22-2017 08:03 PM by BostonBMW.)
05-22-2017 08:02 PM
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RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 01:55 PM)Isaac Jordan Wrote:  
(05-22-2017 11:42 AM)BostonBMW Wrote:  I have about $10K of play money that I want to max out.

Have set up an account on Coinbase, waiting for that bank confirm.

I may do a $7500 ETH and $2500 BTH split for now.

Do you guys see the ETH rally continuing through the week?

Since it broke out in March ETH has consistently exhibited the classic "high tight flag" chart pattern: a steep breakout followed by a moderate correction and then several days or weeks of consolidation.

While there's a chance of additional big news dropping this week, I'd be willing to bet ETH continues with that pattern of dropping slightly over the next day or two and then consolidating, likely around $170 or so.

I'd give it a few days to cool off and then buy in once the price volatility subsides.

Repped for the timely advice. The timing that you're describing works well with my coinbase account being active by that point.

I see some excellent upside with ETH but still want to keep 1 BTC, just in case.
05-22-2017 08:17 PM
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Post: #222
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 06:22 PM)Armogan Wrote:  No one who's perspective is worth any value. But yes this was elsewhere. These same people probably bought at $180, they are the stupid ones. Who knows maybe in a year we would laugh at $150 and call it cheap. No idea anymore.


It seems to be the case that opportunities come with all of this uncertainty and differing perspectives, and yeah, if you are adventurous to make some bets and take some action, then you are in the thick of it - hopefully profiting rather than losing money, which tends to be much easier in a bull market.

But yeah, if guys are willing to short assets, then they can make decent money in both bull markets and in bear markets.
05-22-2017 08:33 PM
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Post: #223
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 07:27 PM)raveking Wrote:  My goals aren't to make an asinine amount of money but if I can turn an investment of $500-$1000 to $5000-$7000, I would say that would be a quite profitable venture for me. I'm interested in using this as a hobby to make some money on the side.

The fact that you don't think that a 1000% return is "asinine money" leads me to believe that you seriously need to reevaluate your expectations.
05-22-2017 08:52 PM
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Post: #224
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 08:17 PM)BostonBMW Wrote:  
(05-22-2017 01:55 PM)Isaac Jordan Wrote:  
(05-22-2017 11:42 AM)BostonBMW Wrote:  I have about $10K of play money that I want to max out.

Have set up an account on Coinbase, waiting for that bank confirm.

I may do a $7500 ETH and $2500 BTH split for now.

Do you guys see the ETH rally continuing through the week?

Since it broke out in March ETH has consistently exhibited the classic "high tight flag" chart pattern: a steep breakout followed by a moderate correction and then several days or weeks of consolidation.

While there's a chance of additional big news dropping this week, I'd be willing to bet ETH continues with that pattern of dropping slightly over the next day or two and then consolidating, likely around $170 or so.

I'd give it a few days to cool off and then buy in once the price volatility subsides.

Repped for the timely advice. The timing that you're describing works well with my coinbase account being active by that point.

I see some excellent upside with ETH but still want to keep 1 BTC, just in case.

I'd also suggest creating another account at a different exchange (I use Kraken) in order to secure an additional fiat onramp.

It may take some time to raise your buy/sell limits at each exchange; having two accounts verified and connected to your bank helps ensure you'll be able to invest the full $10k ASAP.
05-22-2017 11:46 PM
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Post: #225
RE: The Ethereum Thread (the alt coin to Bitcoin)
(05-22-2017 05:09 PM)Armogan Wrote:  
(05-22-2017 11:26 AM)dodecahedron Wrote:  Quick question regarding margin trading for the experts.

What would be best (settling or closing) a long position?

XBT bought ETH with margin.

Now both ETH and XBT went up in value over time.

Settling and closing are synonymous.

In the example you described, you borrowed XBT sold it (went short), and bought ETH (went long). This is not pegged to any USD amount, but to the ETH/BTC ratio ~0.07 (e.g., 1 ETH buys 0.07 BTC).

What you are really betting is that ETH is going to appreciate in respect to BTC - the ETH/BTC will be more favorable. In a ideal scenario, you borrow 10 BTC use it to buy 500 ETH, ETH appreciates in favor of BTC and now your 500 ETH can buy 15 BTC.

You close the position, repay the 10BTC on margin (loaned) and pocket the 5BTC difference.

Thats incorrect. Theres a difference between settling and closing positions.

https://support.kraken.com/hc/en-us/arti...o-I-do-it-

https://support.kraken.com/hc/en-us/arti...o-I-do-it-

https://www.reddit.com/r/ethtrader/comme..._position/

Any experts on crypto margin?
05-23-2017 05:56 AM
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