To the holders of Ethereum: salud 🍾🥂 I hope you all had substantial position sizes so this investment is a stepping stone to do whatever you want to do with your career... start a business or w/e!!

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I'm an accounting major friend. Not tech savvy. I just have spent a few years carefully studying the stock market and research disruptive technologies for investment opportunities. Also, I'm pretty sure mining is unprofitable in the US as a result of the electricity costs to run the rigs.

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@Mck, I think we discussed in a post 2 weeks prior to the rally. Congrats ;)

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It's predominantly driven by the simultaneous Bitcoin crash

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How many do you hold OP?

1775eth. Nothing crazy but as a campus new hire it's substantial and the potential for that position to grow is there as well so it could turn into a lot of money

What?😱😱1775 times $40. That's almost 72k

Ya I have a very concentrated position at a low cost basis so I'll sit through the corrections and pullbacks. It's impressive technology and everyone that has done their research knows Bitcoin has several flaws that Ethereum addresses. I know there must be older fish on here with much more.

You are right! Do you mine ETH too? Or just trade?

That's awesome! I have 300eth, got them right before the jpmc announcement in February, loving the wave!

Newbie here: how do you invest in it? Want to get in ...

Coinbase.com

I'm amazed how no one knows about this stuff. Especially, even in the consulting world. Too many assembly line workers in consulting with no vision...

Haha op no need to be that harsh. If this thing goes sideways with the next fork, then you'll be that guy :)

Lol very failure prone. I'd assess at least 30% of losing it all but you only come across a few disruptive technologies every market cycle so you want to make the best of them. The real money is made in the holding once you get a good cost basis which we both have. I'd rather lose everything then have took a 50k profit on something that makes a Bitcoin type move because the wealth created in the second scenario will be serious money. I agree with you tho ☺

What is happening ETH trading at 57

Ether is causing btc to crash. What's happening is people converting their btc to ether... hence ether flying and btc dropping but since less liquidity in ether the price movement is exacerbated. People are just starting to understand the tech of ether and the potential. You get surprises like these with illiquidity and you get massive market moves. Currently supply demand is way out of whack because some real money is trying to get into ether and that really moves the price. It's not like buying Netflix stock where you could buy $1m and the price doesn't move. You buy 50k of ether and you're going to drive the price 1% or more.

@OP where do you see the pricing heading to factoring in corrections

@c2 impossible to answer. Only a fool would try and give you a response. Based off technical analysis It broke out of a base at a ~21.50 buy point and has doubled. It could keep running and just as easily rip in half.

My cost basis is like 13 and I have bought anything over 14 but I haven't sold anything. Tons of strong volume has been coming in but it's 50/50 on whether it corrects or not. Could keep running. Bitcoin in 2013 went from 10 to 1100 in 2 months 🤷🏽‍♂️. But Bitcoin has 20m coins and ether has 80m coins. So ether has far larger float/available supply

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