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ETH price hits $500
- jatsign 9y agoAnd Litecoin just hit $100. And of course bitcoin hit $10k. I invest a little bit each week in a lot of coins. I'm a fan of cryptocurrencies. And I gotta say, this is crazy. I've had a few people ask me if they should invest now, and my answer is: I have no damn clue.
- corford 9y agoSo true. It's just crazy at the moment. BTC, DASH, XMR, ETH, LTC, IOTA are all hitting ATHs. In the old days BTC rising would take money out of Alt coins. Now everything's going up. Surely can't last but how long this bull market will go on for is anyone's guess. 2018 is going to be insane.
- candiodari 9y agoYou can add pretty much every stock in the S&P500, the S&P500 index, and most others, real estate, everything. At the same time things like cars, food, toys, electronics, etc are hitting all time lows. Good if you're turning 60 or so I guess. Very weird.
- corford 9y agoGood point. Real estate is going nuts here in Lisbon for example.
- jcousins 9y agoIf you invested 1BTC in the ethereum presale in 2014 (about $600 at the time) and kept that ether, you now have the equivalent of $1M in ether. Has that much value really been created?
- revmoo 9y agoIt's not a reflect of value so much as present and future value and returns.
- kaffeemitsahne 9y agoApparently ;)
- thesmallestcat 9y agoIs HN now a cryptocurrency ticker?
- tensormoon 9y agoIt should be at 600 before the week is done.
- rkeene2 9y agoWhat makes you think that ?
- kapauldo 9y agoWhen the bubble bursts there are going to be no buyers so I hope people who made a few million are slowly converting back to usd.
- corford 9y agoThe crypto currency market is growing and maturing at such break neck speed it's got to the point where you can start to hedge against this. By either shorting certain coins, betting on futures (soon) or diversifying across function/ideology (e.g. some in BTC, some in XRP, some in IOTA etc.).
- priitmaxx 9y agoThe problem is market makers are not trust worthy. Who would you trust?
- corford 9y agoI suppose it depends what your tolerance for risk is and how much of your overall investments are in crypto. I trust one or two exchanges (Bitstamp and Bittrex). I trust Arrington's new crypto fund. I trust CME group. I trust Ripple (in so much as locking up their XRP goes and not abruptly shuttering the project 6 months from now because a founder got bored). I think Vitalik is the real deal (although I worry about what happens to ETH from an investment PoV if regulators start really turning the screws on ICOs). Of course there's also a list a mile long of the crypto currencies, exchanges and ICOs I wouldn't touch with a barge pole :) The gains at the moment are so large and so fast, if you have even $1K or $2K that you can afford to lose you almost can't go wrong. If you get even slightly lucky, you could likely pay that $2K back in to your savings account within a month or three and keep the remaining profits in crypto long term to see where it goes. The main risk is losing too much time to watching price tickers move on exchanges. That shit can get quite addictive if you don't keep a tab on it :)
- Torgo 9y agoIs there something wrong with coinbase/GDAX?