The community must not blame people for selling their coins at high turns in the market. They arent stupid. They arent all disobeying the rules of a long holdings game. They simply don't have the cash to pay rent and reality bites.
I sold some ETH last night and felt let down about it, but now have options.
It's rare to find people low on cash, high on coin because of the BitPay Visa card & other convenient app options.
What we see today is unprecedented with prices hitting all-time highs. The dream has come true so to say. Buying ETH early created many young home buyers. Unstoppable -
Besides winning on the financial front, it has proven difficult to infect enough fake news bias onto the topic of ETH/BTC to sway the populace. Apple is now accepting coin, Dash, as well as roughly 8 other big name companies accepting coin transactions.
Of course, there's the BitPay Visa debit card which makes things convenient. That partnership between BitPay and Visa alone speaks volumes.
Digital currency markets have allowed themselves to be branded pejoratively whether intentionally or not. There is an interest in alternative personalities to brand using titles that reflect secrecy or criminality, for instance the Silk Road referencing kind of off-grid illegal trading.
There is also an interest to make these currencies synonymous with criminality in an effort to marr their reputation. Crypto and Dark Net could just as easily be sold on secure access and privacy. Instead, the nomenclature is spooky. Ether and Ethereum are awful names for a currency that should represent safety, privacy and innovation. Ether is something evaporating before your eyes, not a verbal representation of financial holding.
Hard wallets aka cold wallets is this tangible device that makes us, humans, feel comfortable that we have that money. Do we need it?
Of course, it's always needed no matter what level of knowledge you have for coins. Either you're starting off with investing or using it for savings, cold wallets are needed. Why, because we must always be prepared for any events if anything happens with our coins. Also, it's that comfort that you have your money safely stored in the tip of your hands.
Do you agree?
& so is ETH.
The digital currency news and entertainment community is so starved for a story, they are attributing a natural currency stabilization period after ETH topping out @420usd, to a death hoax rumor re: Vitalik.
When prices hit all time highs, there is a market correction for at least the next week or two. Watch stock or currency markets to better understand the coin world.
Stop into our Lab Seed session tonight at IntegriTea: Learn to use your digital currencies for everyday use. We'll have tea from 6:30 to 7:00, and the session will start at 7:00 end around 8:00.
Look out for the 10' mushroom in front of the building
We look forward meeting you and answering your questions!
There is no real reason ETH should be dipping down to the $200s - or Is there?
Much speculation is being made with ETH prices dipping low.
Remember, we can buy coins based on how much we can afford. You don't have to buy coins by units. You'll gain or lose, no matter when and what type of coin you buy. It's a matter of how you'll use it. To save, invest, or for payments.
Noobs constantly check their coin prices because they see it as never ending lotto. But when you really think about it, these will always go up and down.
If you think digital currencies are a good idea, hold on and be in it for the long run.
Anybody thinking about all the DAPPS (decentralized applications) that are being created and implemented? These DAPPS are being developed as we speak and pretty soon they'll be readily available software like any other softwares. ETH will be the exclusive currency of use.
Society will need time to familiarize the use, as how we did with credit cards. Remember the Diners Club card when it was first used in the 1950s? Then the credit card was normalized in the 1960s with American Express. The first five years 2017-2022 will be an evolutionary period for the financial sector.
There is little that the enemies of digital currency can do to offset this wave. They are limited in their ability to upset digital currency momentum and shake user confidence.
Selling large amounts to drive prices down is one way. Another is to sabotage exchange platforms.
The community can respond to both these issues simply by buying low and using a hardware device wallet.
Ladies and Gentlemen, step right up. What I'm about to tell you is both mind blowing & market shattering. I'm calling Coinbase's bluff.
They can't handle the amount of volume coming their way. Instead of manning up and admitting it, they're using it as an opportunity to cleverly self promote in a most disingenuous way.
Today the price of Ethereum on GDAX went down to $13, but did it really? The answer is NO. They admit that NO transactions actually transpired at that low rate. It was 13 in number only for promotional purposes.
They did this in April as well, putting the price of BTC @ six cents while they were down for maintenance.
You can't call it day-trading when the market is open 24/7 !
Talk about a wild west market situation, this is unreal.
Ok, you will still need a license to do foreign exchange currency trading. Though, the striking similarities between the alt coin and major currency markets allows us to make educated guesses.
On the trading platform Poloniex, users trade coin-to-coin with no fees. There are many emerging alt currencies to choose from on Poloniex.
Imagine a situation where a currency valued @ .50 cents is about to get a big bump. You trade your Ether or Bitcoin for the emerging currency and let that .50 cents become $1.25 and then trade again, coin to coin back to your original currency, gaining more than twice as much holding.
This past week, a coin to coin trade of Ethereum @ 400 to Litecoin @ 27 would have nearly doubled your stack with LTC now @ 50.
When coin daily volume is off the chain, as we've seen recently, some of these platforms (ESPECIALLY COINBASE) go offline due to self described "tech updates" & such. They really can't handle the volume & currently have no customer service dept.
The feeling of not having access to your coins during an unprecedented period of market strength is unsettling. It makes some first timers paranoid and shakes up their confidence in the big concept of alt currency.
Prices aren't going to drop dramatically like the 1k milestone, we have enough users to reproduce the community and buy back in. But, many different platforms could lose users if the market decides to drop coin related 3rd parties and use the big banks new digital currency transaction platforms.
The banks are moving in aggressively
How will this play out ?
The Winklevii defeated the FB narrative & are now challenged by a FB-like exchange company, Coinbase/GDAX. This is round 2, and even though they didn't win at the Olympics, these brothers still have the championship belt!
Compared to Gemini, Coinbase/GDAX charge higher basic coin price, user fees and have longer pending transaction times.
Coinbase has already shared user information with the Federal Government. The Winklevii have given the public many indicators that they are libertarian ideologues in it for the long run with loads of cash.
Use Gemini exchange and support these champs !!!
"This technology has the potential to disrupt a whole host of industries from financial services to manufacturing, supply chain management, and to health care records, by infusing transparency and trust in traditionally closed systems." as stated by Congressman M. Burgess (TX) at the March 2016 Hearing of the Committee on Energy and Commerce.
Are we ready for this change? Let's step back and evaluate how these technologies are developed. Technology is moving quicker than humanity can sit and enjoy their coffee. The lifecyle of a cellphone is about 6 months. 49% of consumers are upgrading their cellphones within 1 year (reconanalytics.com). As we become more mobile, people are replacing their personal computers (PC) to laptops, tablets or iPads. In the finance world, we have credit cards and iPays that allows us to pay goods with a swipe of the card.
Now, with the development and mainstreaming the use of digital currency, new solutions called decentralized applications (DAPPS) are live or in development to support not only the digital currency, but also industries, such as travel, finance, insurance, etc. Check out State of Dapps, https://dapps.ethercasts.com/. One must understand the digital currency and its impact because, the mushroom just bloomed with DAPPS.
If you’re new to the decentralized and open source community, let’s start with Open Source Initiative (www.opensource.org). In order for one to understand, the formula= share, open, humble, and innovate.
See the family of coins in World Coin Index (www.worldcoinindex.com). We all know that Bitcoin (BTC) -13.69%, was first and foremast of the coins. Since inception, popular and stable coins are now available. You can find these coins in the World Coin Index. This page will help you assess the inventory coins world-wide. If you need some research on a coin, click on the name and it will provide the coin profile.