ETH update 12.01.18

in eth •  11 months ago

My last ETH update was only 25 days ago, but since then the price of ETH has nearly doubled. This is because of a huge extension in green wave 3:

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ETH is being used a lot now as a means of transferring large amounts of money from one wallet/exchange to another. This is mainly because BTC transactions are extremely expensive and very slow right now. DASH, BCH and XRP received similar spikes in transactions because of this BTC issue. This will not end well for BTC if they don't fix the scaling problems soon.

But it could be good for ETH and other coins. Will 2018 be the year where ETH overtakes BTC in marketcap? I don't think so, but it is a possibility.

This is only day 12 of 2018, so there are still lot of surprises waiting for us.

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If you think this to be useful information:
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.

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Good thing the CryptoKitties are no longer slowing down the network! haha

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@btcmillionaire

Beware of the next cryptokitties-episode: cryptodoggies : D

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hahahaha

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@ew-and-patterns

Thank you very informative, I had not followed the crypto market for a few months and I'm happy to have searched for information and fell on your post before going back to buy cryptos

Upvoted & Resteemed

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I transferred some 0.57 eth from openledger to my wallet and it has taken 5 days for it to be credited and what I got was 0.56 something after txn fess. the network is still congested but hope eth will surge ahead as it should

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Litecoin is cheap and lightening quick - my new defacto method for moving funds

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Steem is faster and has no fees.

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True but you can't buy STEEM on Coinbase

What's your take on ETC? IOHK who is working on ADA is also working on ETC. Since it use the same tech but lower volume, ETC can become at least a cheaper and faster way to move money. I'm also very happy about the way EOS is doing. I'm not sure it'll overtake ETH this year. But EOS will certainly be big.

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I like ETC , it is a stable, established coin with a small supply and I think it will double in 2018. But it is not used much as of yet. I think the number of daily transactions is low compared to other coins in this marketcap range. I never made an ETC transaction, so I have no idea if it is cheap and fast.

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ETC is basically ETH without some of the later upgrades and DAPPS. There could be many who put money into ETC because of the positive sentiments about ETH. ETC didn't move much compared to ETH. So I'm holding a small position. Plus ETC is actively developed unlike DOGE. It's not dead yet. But it will die eventually.

Eth is uptrend now..... yeah

Nice post...
Thank for sharing...
Please upvote my post...

thank you for the posts

No wonder,i have been asking what brought about this sudden rise on the price of etherum ,little did i know the reason until i red your post.truly ,this year is the year of altcoin however ,bitcoin will still going to be leading.thanks for this wonderful information.i must appreciate you because this post is worthy to be embraced

Thanks dear for this informative post..

informative post..please procced...

Sir Great information......beautiful post....I like your post.

very quality of sharing 👊

@ew-and-patterns WOW. It's a good news. Thanks for sharing. just upvote you. <3

interesting read, thank you @ew-and-patterns

ETH is double but what bitcoin?

Hello @ew-and-patterns ETH rise very high for only one year. Very good profit. I remember when ETH was only 20 dollars last year. I am soo soo sorry for not holding them till now. Because of that I now hold some coins to rise in price and then sell them. Best from Serbia. :)

@ew-and-patterns what do you think is it right time to invest in cardano stellar and verge ??? I am not dat big investor .... please suggest me I'm a bit worried ....Nice article liked it a lot 😍

Best decision I made of holding ETH.

eth have some a bit more push up before a nice pullback imho