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RE: Ethereum sets new ALL TIME HIGH !!! Should I get in or not ?

in #ethereum7 years ago

Always remember supply and demand when comparing any two assets. Bitcoin has a fixed supply of 21 million coins. The maximum number of ether is yet to be determined because of the uncertainty around when proof of stake will be implemented. Unless something changes with ethereum, my personal opinion is that Bitcoins will always be worth more. For transparency, I own both.

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Coming from legacy markets, something just doesn't smell right with both Eth and ripple, so I'm 80% Bc and 20 % alts (that actually have either a great product or a great idea). what made me stop was the recent BAT sale, the whale (whale groups) that snatched up all the BAT's had to have been accumulating ETh for a while, sending prices up and now a handful of eth owners are sitting on huge blocks, enough to impact (manipulate)the market, could be a trap, just my gut, but I'm staying safe, I'm not an eth hater, (took profit as it neared 300) but why jump in when there are other great buys out there..

I agree that the economics on ETH hold a lot of uncertainty. I bought about the same dollar value of BTC and ETH, and the ETH has far outperformed the BTC. I haven't taken any profits simply because I think we haven't got the mass market speculators in crypto yet. If that happens, regardless of economics, it could go a lot higher. While the waves are big, you gotta surf.

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