What is Ethereum and how come it's shares have sky rocketed?
Discussion
Sorry for the dumb question...new to this...If I open an Etoro account and put £100 into Ethereum, is there at any point a risk that I will owe more than I put in (I.E...I believe that if the shares drop to £0.00 I will have simply lost my £100)...Secondly I presume that I put real money into Etoro and I can get real money out?
A couple of reasons why I like Etoro - you can invest with $100,000 of "virtual money", so you pay nothing and can walk away either cursing yourself for not putting in real money, or glad that you didn't put in real money because you would have lost it all.
Also, you can "copy" successful traders - they get $10 or something a time when people follow them, haven't really looked into it a huge amount - so if someone has made a 200% gain in the last week, you can copy them and shares/commodities that they buy will automatically be copied by your account.
Check them out well beforehand, though - they may have made 200% gains and cashed out, but left a load of loser shares "open" - and open trades don't show as part of their gains/losses.
It's very easy to learn, really - just remember that if you are buying shares that trade on the NASDAQ, it doesn't open until half two in the afternoon - so if you see a share rocketing but don't want to deposit more, but already have your £100 tied up in shares on the American market - you can't sell and get your money freed until 2:30. Learnt that one the hard way!
And the same if you are buying shares on British exchanges - you can't sit and watch them and mess with things in the evening, the stock market is closed!
Also, you can "copy" successful traders - they get $10 or something a time when people follow them, haven't really looked into it a huge amount - so if someone has made a 200% gain in the last week, you can copy them and shares/commodities that they buy will automatically be copied by your account.
Check them out well beforehand, though - they may have made 200% gains and cashed out, but left a load of loser shares "open" - and open trades don't show as part of their gains/losses.
It's very easy to learn, really - just remember that if you are buying shares that trade on the NASDAQ, it doesn't open until half two in the afternoon - so if you see a share rocketing but don't want to deposit more, but already have your £100 tied up in shares on the American market - you can't sell and get your money freed until 2:30. Learnt that one the hard way!
And the same if you are buying shares on British exchanges - you can't sit and watch them and mess with things in the evening, the stock market is closed!
11.38% now - waiting for it to either take off or dive. People get all excited on Bitcoin/Ethereum forums when this happens, "To the moon! Ethereum will be $1000 by tomorrow!"
I prefer to keep an eye on it, and sell when it dives, buy when it starts going up again. The price charts for Ethereum are pretty closely linked to the Bitcoin charts - have a look at this - http://bitcoinity.org/markets and set the charts to show you a month or whatever.
It's like a f
ked ECG or something, you have to buy on the down, then hope it goes up "To the moon!" again.
But, I think most of us have £100 to spare - it's fun, and they have a mobile app as well for Android and Apple as well, I think.
I prefer to keep an eye on it, and sell when it dives, buy when it starts going up again. The price charts for Ethereum are pretty closely linked to the Bitcoin charts - have a look at this - http://bitcoinity.org/markets and set the charts to show you a month or whatever.
It's like a f
ked ECG or something, you have to buy on the down, then hope it goes up "To the moon!" again.But, I think most of us have £100 to spare - it's fun, and they have a mobile app as well for Android and Apple as well, I think.
just after the bitcoin etf failure people hedged into eth and that dropped too, a lot got it wrong. btc and eth have some parity but it can be broken quickly.
i have found the weekend is the time a coin pumps, so maybe btc, ripple, eth or another.
i have found the weekend is the time a coin pumps, so maybe btc, ripple, eth or another.
Edited by The Spruce goose on Friday 16th June 18:40
guindilias said:
Cheers for the info - I'll be watching it like a hawk all weekend now!
The ETH value changes so quickly, like Bitcoin, you really need to keep an eye out all the time.
To the moon!
i just noticed on bittrex btc dropped to 2145 usdt in 24 hours and now 2450,very volatile. as much as the market goes up it goes down quick as well, like i have said before never feel guilty cashing out profits, hindsight is great but it doesn't pay the bills.The ETH value changes so quickly, like Bitcoin, you really need to keep an eye out all the time.
To the moon!
WitnessProtection said:
what do people think about Golem? Seems like an interesting concept a la Storj but for processing power.
There's a whole subset of alts in the fog computing space. Sonm, gridcoin, iexec, golem are all in there with competing claims & different twists. It's almost impossible to sort out the wheat from the chaff at this stage as there's a lot of FUD, socket puppetry marketing, fake pumping etc going on. I'd watch out for the first product that actually works in a meaningful situation in the real world.WitnessProtection said:
Anyone here having issues with Poloniex?
I moved a small amount of Ether from there over a week ago into a private wallet and it hasn't yet turned up. They are utterly overwhelmed with newbie accounts & the concomitant heavy support load that entails. These exchange businesses cannot scale in volatile markets. They have no idea when to staff up and to what level. The longer it goes on, the more support tickets they'll get until they implode.Gassing Station | Finance | Top of Page | What's New | My Stuff