Ermmm... let our sifus answer you. Me also noob but I think it is not worth it. I'm so scared to buy now. Actually aiming for the 2nd ETF I.e buy on correction when the first ETF is rejected. What's your view on the 1st ETF? You are still buying in the hopes that the 1st ETF will be approved?
I guess we will know by Friday.
I've been dollar cost averaging my ETH buys since I went in at $4.50 each, average bought price is $8, the current drop only made me even more bullish. It's severely undervalued.
You're not supposed to be scared in this space, it's pretty exciting to all of these unfolds. Plan your trading strategy and stick with it.
You need to take your emotions out of the investment equation (I know, easier said than done, I am guilty of it as well). One of the most dangerous games you can play during investing, is to try and time the market. Whether the ETF will be approved or not, is anyone's guess at the moment. By the way, we might not know by Friday, since the deadline is 11th March (Saturday), the SEC may decide to announce the decision on Saturday night, or even delay till Monday. We shall see.
Yeah, I guess so. That's why I didn't sell near the dateline which I initially thought I wanted to do. Another reason is because I have not even reached 50% of my target amount. Bought BTC from around RM 4500 right up to RM 5100. That's my net amount. From there onwards, bought BTC to convert to other altcoins.
Now I'm also holding Dash, ETH, LTC, XMR,XRP, MAID and PASC. I'm so excited to be holding so many coins!!
Don't ask me why I decided to buy those altcoins ... :whistle:
QUOTE(WooTz @ Mar 8 2017, 01:55 PM)
I've been dollar cost averaging my ETH buys since I went in at $4.50 each, average bought price is $8, the current drop only made me even more bullish. It's severely undervalued.
You're not supposed to be scared in this space, it's pretty exciting to all of these unfolds. Plan your trading strategy and stick with it.
Nice!!! Your average is half of current price!
Oh, it's undervalued? Ok ok, later I buy some more
Any other coins under your radar?
My strategy.... ermmm.... is for any coins to hit the moon and I become a millionaire.
Yeah, I guess so. That's why I didn't sell near the dateline which I initially thought I wanted to do. Another reason is because I have not even reached 50% of my target amount. Bought BTC from around RM 4500 right up to RM 5100. That's my net amount. From there onwards, bought BTC to convert to other altcoins.
Now I'm also holding Dash, ETH, LTC, XMR,XRP, MAID and PASC. I'm so excited to be holding so many coins!!
Don't ask me why I decided to buy those altcoins ... :whistle: Nice!!! Your average is half of current price!
Oh, it's undervalued? Ok ok, later I buy some more
Any other coins under your radar?
My strategy.... ermmm.... is for any coins to hit the moon and I become a millionaire.
I'm sharing the same opinion as this guy, the first employee at Coinbase, when BTC was merely $5 each, now run his own crypto hedge fund.
You should watch the entire thing or skip to 43:30 for the juicy bits.
Investing in protocol layer tend to lead the same if not superior returns compared with application layer.
The risk is indeed high, the ETH chain could collapse completely in the next couple of years.
But man just imagine the upside, the success of Proof of Stake + Sharding means I'm retired for good.
So far we know that ETH is required for:
- paying miners for proof of work security
- Paying gas(transaction fees) for value transfer and contract execution
- Will be used for Proof of Stake by implementing a different kind of cryptoeconomic security, everyone can easily participate, attackers will need to constantly purchase ever growing price of ETH as their attempts effectively vaporizes their deposit.
- will be used to bid for domain/contract names in ENS (Ethereum Name Service), which starts next Tuesday on the mainnet.
- will be used to incentivize SWARM nodes for hosting files across the planet. It's like Uber for file streaming/storage, torrent that earns you money.
Now imagine the world starts adopting this tech and opens their first wallet. 100M ETH doesn't seem like a lot now.
This post has been edited by WooTz: Mar 8 2017, 03:10 PM
You need to take your emotions out of the investment equation (I know, easier said than done, I am guilty of it as well). One of the most dangerous games you can play during investing, is to try and time the market. Whether the ETF will be approved or not, is anyone's guess at the moment. By the way, we might not know by Friday, since the deadline is 11th March (Saturday), the SEC may decide to announce the decision on Saturday night, or even delay till Monday. We shall see.
Haha, you always promote your telegram group. Will take a look tonight. 0.5%/0.8% a bit expensive leh. I don't really look at fees but as far as I know, I'm not charged anything for buying BTC at remitano or localbitcoins. From my reading, normal computers are not worth it. I found that many use antminers or hardware specifically designed for mining but it's so difficult to get those in Malaysia.
I'm sharing the same opinion as this guy, the first employee at Coinbase, when BTC was merely $5 each, now run his own crypto hedge fund.
You should watch the entire thing or skip to 43:30 for the juicy bits.
Investing in protocol layer tend to lead the same if not superior returns compared with application layer.
The risk is indeed high, the ETH chain could collapse completely in the next couple of years.
But man just imagine the upside, the success of Proof of Stake + Sharding means I'm retired for good.
So far we know that ETH is required for:
- paying miners for proof of work security
- Paying gas(transaction fees) for value transfer and contract execution
- Will be used for Proof of Stake by implementing a different kind of cryptoeconomic security, everyone can easily participate, attackers will need to constantly purchase ever growing price of ETH as their attempts effectively vaporizes their deposit.
- will be used to bid for domain/contract names in ENS (Ethereum Name Service), which starts next Tuesday on the mainnet.
- will be used to incentivize SWARM nodes for hosting files across the planet. It's like Uber for file streaming/storage, torrent that earns you money.
Now imagine the world starts adopting this tech and opens their first wallet. 100M ETH doesn't seem like a lot now.
He must already be a multimillionaire and probably holds millions of ETH coins!
I'm convinced. Will load up some more ETH later!
That's exactly my view (and probably many others), that the huge upside potential outweighs the risk of losing the invested amount. And by huge, it can be 1000% to 10000% to much much more!!! You don't get such opportunities in other investments nowadays!!!
» Click to show Spoiler - click again to hide... «
eToro, the social trading and assets brokerage firm which offers complicated and highly risky CFDs that do not hold the underlying assets, has added Ethereum to its trading platform. Yoni Assia, co-founder and CEO of eToro, told Finance Magnates:
“We are very proud to add Ethereum to our platform, as a regulated financial institution we have to make sure there is sufficient liquidity and pricing for every asset we add to the platform, and today with a market cap of over 1B USD we see more and more interest from our traders worldwide to trade and invest in Ethereum.”
Six million users trade on eToro, with around 4,000 eth investors. By comparison, bitcoin, which was added on eToro in 2014, has around 6,000 investors while the popular trading pair of eur/usd has around 10,000.
On the other hand, bitcoin has over a million followers while Eur/USD has more than ten million. Eth, so being added just a few days ago, has around 3,300, but it is the only digital currency, after bitcoin, to be offered on the platform.
A zoomed out view of ethereum on eToro eToro operates on complicated CFDs. When you “buy” or “sell” eth, you’re not actually buying anything, but simply speculating on the price movement, which can be detached from the underlying asset.
The platform is regulated by Britain’s Financial Conduct Authority, but is aimed at sophisticated investors, requiring answers to a number of questions to establish trading knowledge levels.
That’s because CFDs can be very risky and you may lose even more than your deposit. Moreover, the spread appears very high, at 400 pips, while margins are offered at just 2x, far less than some other, but unregulated, trading platforms.
Somewhat uniquely, eToro has a social aspect to trading. You can copy the movements of other traders and even invest in a Copy Fund, as well as share news or technical analysis.
On the news front, eth has had plenty recently. The currency is just a dollar away from its all-time high with its market cap now nearing $2 billion. It appears to be gaining considerable interest in South Korea, a country known for its strong gaming community.
Due to its smart contracts capabilities, there have been suggestions ethereum’s blockchain can aid in preventing cheating and increasing transparency in gaming. A prototype won the Thomson Reuter’s HackETHon back in September. As I reported then:
“The winner is football on the blockchain – FantETHy – “a fantasy sports game implemented in smart contracts that run on Ethereum allowing users to create their own fantasy leagues,” says David Acton, member of the winning team.”
There are suggestions a Sony representative mentioned ethereum at a gamer’s conference, which may indicate they are probably testing the technology and might explain the sudden rise of interest in South Korea.
Since it seems like there is no moderator to create a v2 thread, I've taken the liberty to create one myself. Please continue the excellent discussions on the following thread:
Mar 8 2017, 01:55 PM
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