Ethereum Vs. Bitcoin: Is ETH the better investment?
- Thread starter Pekelo
- Start date
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lovethetrade
It's 50/50 at the moment, ETH is just hanging on by a thread. I'm actually surprised by its resilience past 12 hours, I thought it was gone for all money.
Back to my point about thinking there's a continuous bias to the upside, one needs to be very careful. ETH's value is based on an idea and the market can get the initial value wrong and decide that value is too high. The market can then settle in a range much lower than your buy price for an extended period of which you run the risk of some technological or political disruption occuring that wipes out your investment completely.
The moral of the story, don't assume a continuous bias with cryptocurrencies and use your signals to enter and exit like any other security.
Back to my point about thinking there's a continuous bias to the upside, one needs to be very careful. ETH's value is based on an idea and the market can get the initial value wrong and decide that value is too high. The market can then settle in a range much lower than your buy price for an extended period of which you run the risk of some technological or political disruption occuring that wipes out your investment completely.
The moral of the story, don't assume a continuous bias with cryptocurrencies and use your signals to enter and exit like any other security.
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lovethetrade
"and you run the risk"
https://www.nytimes.com/2017/06/19/business/dealbook/ethereum-bitcoin-digital-currency.html
"Move Over, Bitcoin. Ether Is the Digital Currency of the Moment"
"Move Over, Bitcoin. Ether Is the Digital Currency of the Moment"
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lovethetrade
Lol, just a sniff of risk and the market eliminates all gains for past 2 days in 30 minutes. This market will self-fulfil another big correction soon.
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What are you talkin' about? BTC has been rallying since 6 am, up over 2700, ETH is flat...
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lovethetrade
Some are hesitating, and in the meantime others make money.
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lovethetrade
Or some go to get a bite for lunch
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