Quote:
Originally Posted by onemoretimes
It's not a get rich quick scheme. These things take time. Don't forget ETH doubles as a currency that is better then bitcoin. Even if they didn't come out with ****, the move towards POS, if successful, makes it a no brainer over BTC.
Then just wait till **** actually starts coming out.
Vitalik is smarter then us.
Do yourself a favor, let loose, get in.
Also, keep in mind, use a trader mentality here. Yes some **** might be ****ed up, and look at the damn price. WTF you think happens when ****'s not ****ed up?
Hell I think cryptos have even put a damper on precious metals.
Everything is a deal pre ETF.
When **** rips it doesn't help my drinking.
ETH is simply a speculation play. IF you made money on it, great. But don't count on anything useful on it. Vitalik is not nearly as smart as his supporters claim. I spoke to him prior to ETH coming out and was not impressed at all - he failed to be able to answer even the most simple questions. He is an excellent face for a well crafted scam, though.
I'm not a trader, so I won't use that mentality. My time horizon is years to decades. I'm not looking for greater fools. If that's your goal, I can see why ETH and other ****coins are something that's interesting.
Quote:
Originally Posted by invictus-1
the only one propagandizing here is you. we are almost 10 years into bitcoin and its progress is stifled by ****ty governance and shills like you who have a kneejerk reaction to any contender to bitcoin's dominance. the fact that ethereum has direction alone makes it a better bet than bitcoin. they actually have a team of developers who don't spend the majority of their time ****-slinging dissenters and using other methods of manipulating social media platforms.
Are you upset? I make on predictions on the short term fluctuations and madness of men. ETH is a good marketing scam. Good for them. It has no fundamental use.
[QUOTE=Dr Reality;52134203]
Quote:
Originally Posted by TomCollins
We are 3-4 years into ETH and not a single useful application. Not even a single useful idea for it (that couldn't be done in a much simpler fashion). We have the DAO as a spectacular failure for smart contracts (where it just gets rolled back).
http://www.coindesk.com/ethereum-sto...city-demo-day/
They are great at making demos. Terrible at solving real problems. Wait until something actually gets used in production (hint: it won't happen since it solves no problems that can't be solved in a better way). Demos are designed to be flashy, not solve a real problem.
Quote:
Originally Posted by Kazuya
Wait. If I'm reading some of these replies to you correctly, you sold out of Bitcoin at ~300? And now you're slamming ETH and (verbally) going long BTC..but you have zero skin in the game (no BTC)? Can I get a clear cliffs of your long term thesis for sitting on your hands and yelling plays from the sideline in the game of cryptocurrencies?
I invest for years or decades. The value case for cyrptos is decentralized money. This breaks down when mining is centralized (especially when there are government sponsored backdoors to control mining on 70% of the miners). I have not seen any solution to this problem. A lot of the investment and price movement is from short term speculators. Or its from people who think this problem will eventually solve itself.
ETH has no long term potential. But I make no claims of short term speculation plays. If you are trying to find greater fools, best of luck.
Quote:
Originally Posted by Kazuya
Lol. In a forum full of gamblers and (supposably shrewd) investors, that's akin to the guy making youTube videos commenting on winning HSNL handplays while covertly sitting with a ~0 account balance (awful analogy I know). I could at least respect your words if you had skin in the game (why not short it if you don't believe it, or why aren't you long BTC if you think ETH/competitors are ****)
Shorting has its own set of problems, mainly that you can get wiped out by short term speculators.
Quote:
Originally Posted by Kazuya
There's a 99.9% chance you're blowing smoke and .1% chance there's some sort of circumstance for why you actually know what you're talking about. I'll admit I don't know you to know which you are. But I've (very briefly) read your point-of-view and you seem really rustled about ETH. Anyone who talks in such 'absolutes' should be taken with a grain of salt.
What claim do you think I'm making that is blowing smoke? I mostly ignore ETH. If they come up with something useful, it will surprise me, but I'd love to see it. 4 years and nothing speaks loudly.
Quote:
Originally Posted by Kazuya
For the record, I was 100% bull on Bitcoin ~2013-2015 until I adapted my point-of-view to evolving circumstances. Cryptocurrencies is still in such an early stage, and even I know I could 1 day be 100% BTC/0% ETH again. (albeit I highly highly doubt that, but it's a non-zero probability) But why should anyone listen to me over you or anyone else? You shouldn't. Ultimately, do your own research and decide. But in the end I think most people would agree that if you want to have at least have the beginning of what is a respectable opinion, at least have conviction (read: $$) behind your words and beliefs (I was long BTC since 2013, switch all to ETH by 2Q~3Q 2016 because I believe the writing is on the wall)
I don't claim to be a trader or tell anyone to buy or sell. I don't think I've ever tried to predict price. I just try to give technical understanding to anyone here who is interested. Hopefully this information can help traders here. I've had many people tell me privately they appreciate it. If it's not appreciated, I'll leave everyone alone here.
Quote:
Originally Posted by Zenzor
It's quite remarkable that Bitcoin market cap remains >60% despite its technical upgrades being stonewalled for two years.
Being resistant to change is a huge feature for Bitcoin. It probably isn't stable enough to even support institutional investors now (probably one of the main reasons that the ETF failed was that it couldn't handle forks well). Once Bitcoin becomes locked in and rock solid, that's when it value takes off. We probably have only a few years left to even get any upgrades in before it's locked. That's a good thing if that happens. However, the monopoly on mining would need to end for that to happen.
