$248.86
Ethereum dropped to $120 early Saturday morning and has since bounced back to $188 (+57%).
Someone is buying these crypto "crashes". The bubbles burst recently, but back they go up.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
$248.86
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
$312.69
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
I took the plunge and bought 5 Ethereum a few days ago to compliment my one bitcoin. I also bought 10 shares of GBTC for my Roth IRA. Now I just sit back and watch the fireworks each day.
Based on everything I've read lately it seem Ethereum is better managed, is becoming accepted by merchants more quickly, and the higher number of them in existence will keep the price lower and make them psychologically more appealing than bitcoin. I have little fear of either one crashing back to zero (having said that I've only invested funds I can afford to lose), the momentum/interest is still building and just in it's infancy.
I remember the TSLA IPO and how I told my wife I planned to buy a few hundred shares when it dipped below $20, but then didn't do it...I could have made even more if I'd just held onto the 3000 of shares of XM Radio (XMSR) I bought early on for about $3.50, but then sold for a 10% gain and watched it soar to over $50....I've learned my lessons, when you come across something appealing to the masses, don't hesitate, grab it! I don't want to kick myself a few years from now for not buying into blockchain early-on.
Nice gains again over the last 24 hours: CryptoCurrency Market Capitalizations
Ethereum and other cryptos continue to get hammered. I don't know if it's a symptom of the Aug. 1 Bitcoin Segwit taking down all of the cryptos, or just a bubble bursting.
It's either a really good buying opportunity for those who missed most of the run up, or the beginning of the end for them.
Since Ethereum was under $10 earlier this year and is currently about $150 we can still say it went too far too fast, but it is also down about 65% from its recent highs. This is a great battle between the believers and the non-believers, or rather the believers and the weak hands who want to be in but can't take the volatility.
Since I own a bunch of Ethereum now at prices over $200, I've become a buy and holder rather than a trader, which is not normally my style, but being a believer in the Ethereum / blockchain technology, I can't sell down here.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
I'm looking to buy more eth but it's in a downtrend. When it breaks that I want to buy more. Also heard a podcast about Zcash which is supposed to be anonymous which bitcoin etc are just pseudo-anonymous. It seems to be doing well. Thoughts?
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100 G
RSI - Relative Strength Indicator DMA - day moving average
I'm not sure. But with anonymous, it sounds like there is no record of transactions. Could be good... or bad.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Looks like most coins have broken their downtrends. ETH has so, I bought a little more. Dollar cost averaging. $226 I think.
100 G
RSI - Relative Strength Indicator DMA - day moving average
MasterCard and Cisco are now exploring the Ethereum possibilities...
The Enterprise Ethereum Alliance Just Got A Whole Lot Stronger
"The Enterprise Ethereum Alliance (EEA) is officially the largest open-source blockchain alliance in the world thanks to the latest additions, MasterCard and Cisco."
https://www.inc.com/brian-d-evans/th...-a-whole-.html
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
Ethereum is spiking as bitcoin splits in 2
Seth Archer
Aug. 1, 2017, 10:33 AM
Bitcoin's future is yet to be decided, and Ethereum is gaining on the uncertainty.
Ethereum, the second most popular cryptocurrency by volume, is up 9.15% in early trading Tuesday, trading at $224.34.
That is down 43.22% from its high of $395.13 on July 12.
Ethereum is spiking as bitcoin splits in 2 | 08/01/17 | Markets Insider
Ethereum is spiking as bitcoin splits in 2
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Added to Ethereum today at 279.11. I had bought several over the weekend when it pulled back to 301 so I'm down on this trade and averaging in.
If bitcoin pulls back, which it is doing today, we could eventually see some of that money go into Ether.
I still have 0 bitcoin. Would get interested again at support levels near $3450 and $2950.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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