What is Ethereum and how come it's shares have sky rocketed?

[anonymous-user]

Joeguard1990 said:

Brexit should help boost digital currency especially against the pound in the next few months so now is the time to buy.

I agree with this, but never feel weak to take profits. i bought eth at 16 usd but sold short big mistake but have learnt so much for the long term, and enjoy it as well. i would get bored of sitting on coins.

[Behemoth]

The Spruce goose said:

i would get bored of sitting on coins.

I've found time spent sitting on coins frees up space for valuable fundamental research. Staring at price charts and trying to second guess irrationality for this stuff isn't worth it, imo. It's not at all difficult for entities far greater than you or I to manipulate these unregulated markets, particularly for the smaller alts. It's pump & dump city, every day.

In my view it's best to try and understand the use cases, research the backgrounds and pick your likely long term winners. Skimming troll box chatter isn't going to do it. Reading white papers and commentary on them from trusted experts is.

[anonymous-user]

Behemoth said:

Skimming troll box chatter isn't going to do it. Reading white papers and commentary on them from trusted experts is.

lol, i'm a member on bitcointalk, very interesting, ive made a load of mistakes and regret but i also mine coins so do o.k by that.

[Alrey87]

Joined etoro and deposited £500 last night. Up about $15 so far. None of the other platforms made sense to me and bitcoin was down. Since registered for bitcoin but it charges a 3% fee to fund and seems you can't withdraw to U.K. Banks. On etoro you can only withdraw to the credit card you funded with, all seems strange. Is there anything straightforward out there more like normal share dealing platforms?

[anonymous-user]

i use poloniex which is the best trading platform, but sometimes slow, but best mobile app.

bittrex is a bit bland in comparison but easy to use. why not just buy from coinbase then transfer where you want?

[Alrey87]

Sorry I've called coinbase bitcoin for some reason. Coinbase charge 3%

[Behemoth]

The Spruce goose said:

i use poloniex which is the best trading platform,

I certainly wouldn't buy Bitcoin via Poloniex. It's creaking so much they've redeployed chat room moderators to deal with customer service. There are a dozen better places to buy BTC than through Polo.

[anonymous-user]

Alrey87 said:

Sorry I've called coinbase bitcoin for some reason. Coinbase charge 3%

BTC goes up by that amount a day, don't worry about that, if you tried liqiu.io they charge 4.5 usd pounds to move 70 usd lol

Polo is the biggest value trader for loads of coins, the trollbox was there for liquidity it is still a good exchange in my opinion.

[JamieBeeston]

Alrey87 said:

Joined etoro and deposited £500 last night. Up about $15 so far. None of the other platforms made sense to me and bitcoin was down. Since registered for bitcoin but it charges a 3% fee to fund and seems you can't withdraw to U.K. Banks. On etoro you can only withdraw to the credit card you funded with, all seems strange. Is there anything straightforward out there more like normal share dealing platforms?

Its Anti-Money Laundering regs.

If you verify yourself you can withdraw to Paypal / Bank Transfer / An alternate card.

Just go to your profile and look at whats needed to verify yourself!

[Jakg]

Joeguard1990 said:

Download an App Called CoinBase, created an account, get verified and then buy what you can afford to lose.

If the value of 1 etherum ever reaches the value of a BitCoin you'll be laughing.

From what I can see online it's easy to get via CoinBase but getting the money back out seems much harder.

Any alternatives?

My account at Kraken is stuck at "verifying".

[Hamsterdam]

Jakg said:

rom what I can see online it's easy to get via CoinBase but getting the money back out seems much harder.

Any alternatives?

My account at Kraken is stuck at "verifying".

So is mine, site says that due to demand, could take 2-4 weeks to verify.

[anonymous-user]

I use coinbase for in local bitcoins out.

I bought my ethereum on eBay, bit more expensive though. There are loads of others out there you could even go to London pay cash for btc if you wanted. There are btc ATM's.

I am looking to but a cheap car, would pay in ETH or btc but no one takes it..

Edited by The Spruce goose on Wednesday 14th June 17:01

[Behemoth]

The Spruce goose said:

I am looking to but a cheap car, would pay in ETH or btc but no one takes it..

It's just a matter of time.

I bought my first car off the web in 1996. The seller (who was in IT as a job) had never heard of the internet and was astonished I knew about the ad days before Exchange & Mart had even appeared in the newsagent's

[Alrey87]

Looks like I bought ethereum at the highest point. Got a 9% loss at the moment. What sort of price target / expectations do people have for this?

[Supersam83]

Now is the time to buy as it's having another correction.

Soon will see ETH shooting back up

[Behemoth]

I reckon a sentiment bot checks out forum threads like this for the volume of people asking where/how they can buy crypto and then shorts them a few days later, when the new fiat hits the exchanges at the top.

Here's my el cheapo sentiment bot: Sell signal 24/25 May & June 11 for Ether

https://trends.google.co.uk/trends/explore?date=to...

[anonymous-user]

Alrey87 said:

Looks like I bought ethereum at the highest point. Got a 9% loss at the moment. What sort of price target / expectations do people have for this?

i think 600 by end of year, but don't sell, give it a month, if you look at patterns a few weeks after ump then jump again, people are getting nancy, but eth has a billion tokens on it plus loads of other stuff. i think the uncertainty with btc is helping, but anything can happen.

one tip is never put all eggs in one basket spread it around to combat dips.

[Guvernator]

Looks like both ETH and BTC are on a bit of a downward slope the last day or so, anyone have any idea what's going on?

[Behemoth]

Guvernator said:

Looks like both ETH and BTC are on a bit of a downward slope the last day or so, anyone have any idea what's going on?

It's a healthy correction. Parabolic rises are not sustainable; the market is finding a sustainable price. Profit taking when BTC hit 3K $, € milestones probably started it.

[anonymous-user]

i know one thing, ripple is manipulating the supply on coins, in a week they bought back 400 million coins, i guess to over value the price and stop the tumbling of the price. I really don't think it is a good investment, they are doing some very dodgy stuff. i guess when you make 60 million dollars in a month a few million loss is worth it.