ETH

>inb4 serious advice on biz

Why I believe ETH will moon back hard.
Up for criticism.

Technical:
- RSI shows it to be massively oversold
- There is about 500k daily fiat cash flowing into ETH.
- ETH still hasn't hit its recently low from June 26th, showing buy support.

Fundamentals
- Currently, dumb money is going in to short it. Once the smart money starts to unload their short positions, as indicated by the moving sell walls, buy back pressure will come back.
>Game hasn't changed. ETH is still #2. No LTC will change that.
>PoS announcement is coming up. VB has mentioned on twitter as well as dev update posted yesterday that this will likely bring inflation near zero, possibly negative.

What do ya'll think?
Only counterarguments I've seen are...

>Massively overbought and correcting (tru)
>ICOs are dumping (unlikely, if they are smart enough to put together an ICO, they are smart enough to not unload everything)
>It's a bear market for everything (tru)

>ICOs are dumping
ICOs dumping don't mean that much, because new ICOs will come (and people will have to buy ETH if they want to enter)

ETH's top is clearly far above current valuation, nobody sane can believe that the previous ATH is the 'final' ATH

my biggest worry is inflation. miners still get about 20% more (usd equivalent) than even from BTC, and the market cap is 65% of BTC.
but BTC will be stuck with current inflation for 3 more years, while ETH will decrease it heavily with Metropolis (coming very soon), and technically eliminate it with Casper. Proof of Stake means that you'll keep your share of the ETH marketcap regardless of inflation rate, there will be 'stake-mining-pools' where you can just transfer your ether to (through a smart contract - entirely trustless) and let them mine for you.

>desperate ETH holder confirmed

your russian shitcoin is old news, the hype train is long gone and its not coming back

the spotlight is on LTC now so fuck off

keep on dreaming mr. 0-person-research person

either that, or you're shorting ETH/LTC and trying to spread fud, there's no way anyone with actual technical knowledge can beleive that LTC has long term potential over ETH

from what aspect is LTC better as a currency than ETH?

mr. 0-personal-research person*

Eth is a mess.
Just sold 100k.

nice, just bought 100k!

I wouldn't say I'm desperate, but yeah, I'm holding, for all the reasons I listed.

Why are you bullish on LTC?

So what happens if the other smart contract platforms end up doing ETH's job a fuckton better? The whole clogging up of the network with high use is already a glaring issue with ETH, I'm guessing they must have some kind of plan for that? Otherwise they're assured to be fucked

I think we all know what will happen.

>I'm guessing they must have some kind of plan for that
No, they plan to leave things as they are..

>So what happens if the other smart contract platforms end up doing ETH's job a fuckton better?

why would they do it better? ETH's dev team is far more well-funded that any other smart-contract platforms'

Just did some digging to find any info on release date for Metropolis. Most source say August - September.

If Ethereum does what it always does, the team will announce it before deploying it. Feeling very good to hold rn.

I'm betting on STRAT myself, but good luck to the little ants all the same

>ICOs dumping don't mean that much, >because new ICOs will come (and >people will have to buy ETH if they want >to enter

Not being a dick, but bruh you're insane for typing that.

Are you going to buy ETH to join an ico after the past 3 months of ico scams? I'm fucking not.

Where does the money come from that icos cash out? It comes from the cash in to ETH. Fuck market cap for a minute. I would say maybe 10% of fiat was actually invested at the height of the $36B eth market cap. An ico cashing out hurts ETHS price. Plus they have scared off new investors.

Name one ico on Ethereum since May that has real world value and will affect large groups of peoples lives? You can't. So, again, they money out comes from some where - the money in to eth.

Do they have this though? You can fud all you want but name anyone with a prospect list better than this (excluding xrp). The niggers on this list PAID $ TO JOIN.

>Name one ico on Ethereum since May that has real world value and will affect large groups of peoples lives?

I think most ICOs are useless, not arguing about that. But people who see potential in them had to / will have to buy ETH if they want to participate.
Overall it's much better for ETH that the ICOs happen on its network, than if they happened on another currency's network.

Are you seriously trying to argue against that?

The problem is none of them have real world value. The ones in the past 3 months this are fucking jokes. Worthless icos hurt ETH and there is no way to dupsute that. Bring on the big boys from the EEA. Real world niggers. Not this 0.01% market target ico shit that only us coiner fags even know about.

>Worthless icos hurt ETH and there is no way to dupsute that.

dude what. if people are willing to throw $150 million into something it's better for ETH if it happens on ETH's network than if it happened on, say, ANS' network.
Even if they WERE actually worthless, but there's no way to know that for 100%. One or two of the many may prove to be profitable for investors.

Every day that goes without such a platform being released solidifies Ethereum's first-mover advantage. It's actually more logical to be bullish now than it was a month ago.

But this raises very good points in the short term. ICO pressure can still bring ETH further down.

> invests his money into scamcoin
> to make matters worse, it's not just any scamcoin, it's a scamcoin with RUSSKY-LEAF citizenship
> if you didn't take the profits from this years rally and move the fuck on, KYS

It's too soon to write all the recent icos off as worthless imo. Next year we can see who is still around.

They've received enough fucking money that every one of them should be fulfilling their goals.

One thing is for sure, and that's that Patientory bagholders are gonna be crying in less than a year

Name 1 $150M ico worth $10M in the real world? What are the applications that will touch both our lives and nocoiners lives alike? That's where you should be looking. How many people will actually use Bancor, Confound, BAT, etc.? Not many. Icos should be held in high regard. To bad the shit of late has been shit.

>Next year we can see who is still >around.
How many autists and new investors are willing to wait for a year while ico holdings decline? There is no incubation period. Crypto became in the first half of 2017 as instant gains. Waiting a week to see 10% gains is appaling to many - not worth their time. It's the lack of instant gratification from young investors that could keep the bear playing much longer.

I'm ok with this. Fuck them.

wish i had some btc to buy some eth...

1PfwC4Tya6fQ4hhDHorUL4eYXzdDPLPNrq

>all this fear and damage control ITT

Lmao even the mighty eth cucks are afraid of ltc's rise, big buy signal

Ethereum will hit $1000/ETH by end of year

thoughts?

The large red candles come directly after the weeks with multiple large scam icos?

>ICOs are dumping (unlikely, if they are smart enough to put together an ICO, they are smart enough to not unload everything)

the thing is there is no end to it. It's just one ICO after another. If anything the rhythm seem to be accelerating. They are going to choke Eth to death.

Somebody who is good with graphs whose doesn't have to run a company right now while having screaming kids around do this for us -

Take the 3 month Ether USD price chart, 1 day intervals.

Then, look at the dates of the largest icos of the past 3 months ran on the ethereum platform (the ones that raised too much money in too little time).

Then add the absolute cat shit ico coin logo on the ETH price chart in USD.

Will drop a little something to the person that does this honestly for everyone to see.

>It's too soon to write all the recent icos off as worthless imo. Next year we can see who is still around.

They have received 10's of millions of dollars, the "teams" that make these things up are like 5-10 people.

They can live off the ico gains for many many years...

And to clarify for you young faggots, I meant to place the cat shit coin logo on the date of ico on the 3 month ETH price in USD with 1 day intervals.

One of you wanna be bucks would try to come up with some smart ass meme that literally does no good so you could chuckle between making lame memes, eating cheetos, and falling to trap porn. Don't be that guy.

And absolutely zero real world product. Some even just make a promise to develop something one day. My fucking God some people are should be dead dumb. They sell their ETH that has been good to them to literally buy an idea at best and think it's going 100x in 2 weeks. I actually don't think it's ETH holders fault. It's the fucking shilling from anti ethers trying to do exactly what they did - get us to invest beautiful ETH in pig cum coins.

>Then add the absolute cat shit ico coin logo on the ETH price chart in USD.

This is bancor, don't even need to look. eth hit its all time the night before the ico.

it didn't get the most money, tezos is going to get the most, but bancor did it in I think 2x4 hour open buyin periods 175 million.

Many years? If they're smart they might hardly ever have to work again.

That dip happened too.

Please someone chart both. I swear it's almost like clockwork. Rise, ico, falls for next few after. It's very clear if you look and I honestly think it's starting to be done on purpose. Cash in y, cash out of X in crypto land.

I don't have much laying around not on margin, but if someone makes a good presentation I got them like familia.

> #
>keep on dreaming mr. 0-person-research person
>either that, or you're shorting ETH/LTC and trying to spread fud, there's no way anyone with actual technical knowledge can beleive that LTC has long term potential over ETH
>from what aspect is LTC better as a currency than ETH?

BTC and LTC are the only coins being used as "currency" at the moment. Ethereum has more potential imo but not in the same way as BTC/LTC. If bitcoin goes mainstream even implementing LN they'll need LTC to handle worldwide adoption. If bitcoin is the dollar litecoin is the quarter.

a user on tradingview posted this. thoughts?

wew, the ltc shills really got in your head.

whoa. those are some next level meme triangles.

ETH is being used as a currency. Vendors don't give a shit what coin you use anyway. When you pay with crypto it instantly gets sold and the merchant never even touches it.

nah but understanding both sides you can make a better decision.

the pattern suggests that we are on point "C" going to point "D" on the right Gartley. if the pattern continues, that is

forgot the image, sorry

no. with segwit and lightning, and possibly bigger blocks, litecoin becomes as it always was, a useless waste of space. if people are being priced out of bitcoin there's also going to be priced out of litecoin. what do you think theyre going to use then? dogecoin? litecoin solves nothing that bitcoin can't. and with segwit,

face itt, litecoin is just pumping and dumping based on uncertainty of august, that it. theres no future for litecoin in a world with bitcoin and off-chain transactions, and if theres no future for bitcoin nobody is going to switch to a bitcoin clone which will inevitably have all the same limitations bitcoin has, with none of the benefits of being bitcoin.

the only hope for people holding litecoin is that people will set up swaps on segwit so you can pay bitcoin with litecoin, but given those swaps will only be processing litecoin to bitcoin, because nobody actually uses litecoin, theres basically zero incentive for anyone to run them, unless they take a large enough fee that makes using litecoin no cheaper.

I'm so tired of the bag holders that paid above $45 for ltc. They will not fucking stop the shilling over the past few days.

I said buy XLM about 9 hours ago. That was the easy daily bread. No more shilling LTC.

what did he mean by this?

...

here you go

I went margin long at .095 wish me luck.