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InvisibleSirShroomsAlott
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Re: What's going to be the Ethereum/litecoin basement [Re: theusualsteve]
    #24968883 - 02/05/18 02:35 PM (10 months, 4 days ago)

I sold 50% of my holdings earlier today into USD. Figure it's a win win, keep half in just incase it starts to go back up. Keep half out incase it drops more so I can increase the amount of each crypto I was holding when I think the bloodshed is over.


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Offlinebao
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Re: What's going to be the Ethereum/litecoin basement [Re: SirShroomsAlott]
    #24991061 - 02/13/18 12:52 PM (9 months, 27 days ago)

I agree with several other posts that the Bitcoin price is highly inflated and driven by speculation rather than utility.

Ethereum, on the other hand, though not immune from speculation, is a viable development platform that is already experiencing a growing diversity of new development projects. This, I think, should add to its intrinsic value and protect it from hitting "0" when speculation bubbles burst.

I recently cashed out to avoid this, but if you're already at a loss with Bitcoin's recent downturn, I suggest swapping it for Ethereum.


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Invisiblebrk
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Re: What's going to be the Ethereum/litecoin basement [Re: bao]
    #24992119 - 02/13/18 09:12 PM (9 months, 27 days ago)

I somewhat agree with this, but eth has basically been tethered the 1/10th btc price for a while now. I would guess that if btc falls, eth will fall with it.


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"To the young it gives a vision of the dead and gone. While the old receive a passion to survive,
and the pattern picks the pockets of the palindrome, before the oscillating rhythm takes to flight..." - Rishloo



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InvisibleSirShroomsAlott
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Re: What's going to be the Ethereum/litecoin basement [Re: brk]
    #24992168 - 02/13/18 09:29 PM (9 months, 27 days ago)

going off market cap ETH is worth almost 60% of what BTC is. Eth just has a higher supply circulation.


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Invisiblebrk
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Re: What's going to be the Ethereum/litecoin basement [Re: SirShroomsAlott]
    #24992243 - 02/13/18 09:55 PM (9 months, 27 days ago)

It seems like when btc falls from say $11,000 to $6,000, eth falls from $1,100 to $600. They've been tracking in a very similar fashion (except minus a zero).


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"To the young it gives a vision of the dead and gone. While the old receive a passion to survive,
and the pattern picks the pockets of the palindrome, before the oscillating rhythm takes to flight..." - Rishloo



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OfflineLightRay
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Re: What's going to be the Ethereum/litecoin basement [Re: brk]
    #24992888 - 02/14/18 04:32 AM (9 months, 26 days ago)

Litecoins blowing up right now!! Woot!  Glad I moved all my bitcoins to lite

https://www.coindesk.com/market-center/litecoin/ ; :laugh:


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