JPariz
Long

ETHUSD GOING TO $1.000 FROM $4

KRAKEN:ETHUSD   ETHUSD
202 4 3
WATCH
btc_joe
11 months ago
Seems like the market may be a bit over-heated, but with alts you never know how high they will go.

What's your rationale? Don't see much on the chart, I agree with your conclusion but don't see much supporting evidence. If you are right, I wonder if some of that liquidity will flow into litecoin:
LTC/BTC break out?

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JPariz btc_joe
11 months ago
i think fundamentals, popularity, and actual usefulness/relavence moves alts.. bitcoin's isntrinsic value is basically all the electricity and computing the last few years of mining as created. eth is superior in my opinion because it's decentralizing something much more exponential and relevant as well as taking on the currency aspect. it's actually useful.. the designers are structure are very very avante garde i think ETHUSD fundamentals has more to offer than BTC and for that I think it will reach bitcoin's high and stay there if not move higher..
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btc_joe JPariz
11 months ago
Haha im so confused, I thought you were saying the market will go from $4 to $1...not sure I agree but fair enough.

Further, "i think fundamentals, popularity, and actual usefulness/relavence moves alts.." to me this couldn't be farther from the truth, I mean, to an extent in the long run maybe. But for the most part, alts are insanely illiquid markets that primarily influenced by pure speculation. That said, i am definitely ignorant as to the true fundamentals of eth. Definitely would like to learn more about it, but first i would like to see it get battle tested. Bitcoin and even litecoin have been tested for years, we know that you can securely send money over them, will they be able to scale factors or orders of magnitude higher down the line? That remains yet to be seen. I'm definitely a believer that one way or another they will.
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JPariz btc_joe
11 months ago
ya agreed, crypto is definitely in it's embryonic speculative phase long term i mean if you have strong utility in the crypto or fundamentals.. whatever you want to call it .. it's going to yield a higher price and keep that high price from following down abruptly .. if 5 billion people used bitcoin it would be higher liquidity higher volume = slow steady movement. ETH is so much more powerful than bitcoin becasue it's like ...the internet of everything on a blockchain it's a decentralized computer that can't be fucked with an unvirusable internet removed from centralization .. I think that is icnredibly more powerful than bitcoin in utiltity
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