Ethereum - Blockchain App Platform - Page 45 - Business, Finances and Investing Forum

I don't see it as much of an issue. Hell the US essentially already banned ICO's. When you try to buy an ICO you have to do so over a VPN because they don't allow US investors. The sec is already locking up trading on penny stocks who are suppose to be affiliated in crypto in some way. I don't like people telling other people what they can or can't do with their money, but the ICO market is riddle with scams and the fact China says they are banning them just shows China is trying to regulate in a smart manner. They didn't ban bitcoin and ETH.

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09-04-2017 , 07:51 PM

#1102

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Agree they didn't ban either BTC or ETH but they did ban one of ETH's biggest use cases, at least currently.

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09-04-2017 , 08:55 PM

#1103

Two SHAE

Decentralized Financier

Join Date: Aug 2012 Posts: 2,242

Quote:

Originally Posted by commas,are,funny

Don't edit what I wrote so as to change the fundamental content. Anyways you're wrong. The lower your net worth, the less careful you need to be about going broke, unless you think your roll is the last money you'll ever hold (it's not, you have an income of $100k in this hypo which you conveniently edited out). According to you someone with $500 should be deathly afraid of losing it, even if they will earn $1mm next year.

well chances are, someone making $100k that only has $50k saved isn't very good at saving money. Obviously the income is relevant, but the point remains that putting 100% of your net worth in crypto is surely not optimal due to risk.

Everyone's situation is different, but I just thought it was dangerous that someone with <$50k net worth might read that.

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09-05-2017 , 01:48 AM

#1104

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

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09-05-2017 , 01:53 AM

#1105

suchsickaments

banned

Join Date: Oct 2009 Posts: 5,437

Quote:

Originally Posted by aggo

posted throughout $100-> 1200 ->160 -> 4900 on bitcoin

unlike some fomo kids in this thread, I've never ****ing run from anything

Spoiler:

If anyone with even a modicum of intelligence and independent thinking looked at all of my posts in this thread, they wouldve made a ton of $ on the way up and down.

have fun holding all those ICO bags. Don't say I didnt warn you months in advance. When all of these 150m raises (status, bancor, maybe omise) produce 0 product and 0 use cases in 2 years, I will never post in this thread again.

You'll just have to live with Heltok and Kazuya hilarious euphoric bullishness.

not holding any ICO bags, have been in a few ICOs but i never hold longer than a few weeks...they have been great for flipping but ultimately just trying to increase eth/btc stacks

cant really call OMG an "ico" at this point though with a billion dollar valuation and a legit company behind it...its not going anywhere quickly

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09-05-2017 , 02:58 AM

#1106

heltok

old hand

Join Date: May 2012 Posts: 1,695

Quote:

Originally Posted by aggo

have fun holding all those ICO bags. Don't say I didnt warn you months in advance. When all of these 150m raises (status, bancor, maybe omise) produce 0 product and 0 use cases in 2 years, I will never post in this thread again.

You'll just have to live with Heltok and Kazuya hilarious euphoric bullishness.

The only ICO I have invested in is Ethereum and I have had a pretty fun time holding it so far.

It should be noted that China has banned Bitcoin many times already and that China is not the entire planet. We will see where this ends up, but I doubt it's the end of ICOs. Raising capital has a lot of friction the traditional way both for companies and for investors. ICOs lowers it a lot. There will be a lot of growing pains as we learn to adjust to this new low friction environment, like it has been with every new technology lowering friction for all actors.

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09-07-2017 , 08:56 PM

#1107

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

Bought my first ETH today. Holding for long term. In extremely unlucky so brave yourselves for the crash.

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09-07-2017 , 10:09 PM

#1108

rubbrband

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 10,447

Quote:

Originally Posted by heltok

Neither ethereum or bitcoin is an ico...

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09-08-2017 , 02:50 AM

#1109

Mat Cauthon

adept

Join Date: Mar 2006 Posts: 1,147

Quote:

Originally Posted by rubbrband

Neither ethereum or bitcoin is an ico...

Bitcoin didn't have an ICO. Ethereum had an ICO. 1 for 2.

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09-08-2017 , 03:01 AM

#1110

heltok

old hand

Join Date: May 2012 Posts: 1,695

Quote:

Originally Posted by rubbrband

Neither ethereum or bitcoin is an ico...

Ethereum was:
https://en.wikipedia.org/wiki/Initial_coin_offering

Quote:

The first token sale was held by Mastercoin in July 2013. Ethereum raised money with a token sale in 2014.[4]

http://www.investopedia.com/terms/i/...fering-ico.asp

Quote:

An example of a successful ICO project that was profitable to early investors is the smart contracts platform called Ethereum which has Ethers as its coin tokens. In 2014, the Ethereum project was announced and its ICO raised $18 million in Bitcoins or $0.40 per Ether.

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09-08-2017 , 03:03 AM

#1111

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

fwiw, some people actually argue that any digital currency that inflate its money supply via new blocks on top of longest chain are effectively ICO'ing every block.

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09-08-2017 , 05:33 AM

#1112

Mat Cauthon

adept

Join Date: Mar 2006 Posts: 1,147

Quote:

Originally Posted by aggo

fwiw, some people actually argue that any digital currency that inflate its money supply via new blocks on top of longest chain are effectively ICO'ing every block.

Not Initial maybe, but Coin Offering at least. I can see the logic in that argument, even though I don't agree that it's the same thing.
You could also argue that scheme of the ditribution was known from the start, and a part of your evaluation of the value of the coin when you bought it.

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09-08-2017 , 06:59 AM

#1113

IHaveThreePair

adept

Join Date: Jan 2017 Posts: 1,136

I see some people posting that Irma might drive ETH up - anyone think there's weight behind that? Can't see it pushing ETH up any more than any other crypto...

I guess people might get out of USD and into Crypto incase it smashes FL hard...

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09-08-2017 , 07:30 AM

#1114

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,750

Quote:

Originally Posted by aggo

fwiw, some people actually argue that any digital currency that inflate its money supply via new blocks on top of longest chain are effectively ICO'ing every block.

So every country ICOs every time it prints new money

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09-08-2017 , 01:37 PM

#1115

rubbrband

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 10,447

I'm not trying to be nit picky but it seems important to use the correct terminology when learning about crypto not unlike Poker. The difference between trips and a set for instance.

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09-08-2017 , 01:44 PM

#1116

Social Shell

stranger

Join Date: Jul 2016 Posts: 12

ITT : so many people clueless about crypto and looking to make a quick buck with ICO scams.

Sent from my SM-G930W8 using Tapatalk

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09-08-2017 , 05:37 PM

#1117

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

Quote:

Originally Posted by imjosh

Bought my first ETH today. Holding for long term. In extremely unlucky so brave yourselves for the crash.

See.

I doubled down today trying to catch the knife, so brace for a further crash!

Last edited by beansroast01; 09-08-2017 at 05:55 PM.

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09-12-2017 , 04:46 AM

#1118

IHaveThreePair

adept

Join Date: Jan 2017 Posts: 1,136

Quote:

Originally Posted by imjosh

See.

I doubled down today trying to catch the knife, so brace for a further crash!

How long can China **** everything up? I mean surely it must come to a point where people just accept that China can't make their mind up and ETH continues to grow.

I bought bulk at the wrong time. I'm up like 120% on my initial buy, but down about 9% overall. People still think it will be a $1k currency by xmas...

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09-12-2017 , 03:03 PM

#1119

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Was hoping for like $280 but $300 is still a ways off ATH and seems like a good spot to me.

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09-12-2017 , 04:27 PM

#1120

Duffman08

adept

Join Date: Nov 2008 Posts: 1,011

Quote:

Originally Posted by Go Get It

Was hoping for like $280 but $300 is still a ways off ATH and seems like a good spot to me.

If you believe in it long-term what's the difference between those two prices (we've dipped near 280 already today anyways on some exchanges).

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09-12-2017 , 04:52 PM

#1121

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

I'm dollar cost averaged in at 325 right now (half at 340, half at 310). **** I'm dumb, putting so much in at 340 the day before China rumor hit. I'm not buying any more unless there's a big drop. mainly cuz I'm already 80% in of what I wanted to invest already.

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09-13-2017 , 01:02 AM

#1122

rtd353

Pooh-Bah

Join Date: Apr 2014 Posts: 3,897

just went down to 270. i blew my load last week @ 300 and wasn't able to buy any more. ugh. hopefully some of you guys did.

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09-13-2017 , 01:26 AM

#1123

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

I did not. Thought about it but I'm waiting for 250 or lower. The China news hasnt been made official yet, I think that will drop the price more. Its looking like the run up to 280s was a mini bull trap since we are back below 280 now

Last edited by beansroast01; 09-13-2017 at 01:39 AM.

Quote

09-13-2017 , 02:02 AM

#1124

Duffman08

adept

Join Date: Nov 2008 Posts: 1,011

Quote:

Originally Posted by imjosh

222-233ish somewhere in there was a big price resistance / support at different times this year.

I wouldn't add add add too soon...we've already seen ETH shave 65ish% of itself and then recover once this year. Once the Ultimate Bet bankrolls were guaranteed payout I basically doubled that mentally and split it between ETH/BTC/LTC in that order and I'm holding to the Moon or to 0 :/ Wish I had adopted this disconnected attitude at beginning of year and then never paid attention!

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09-13-2017 , 05:03 AM

#1125

IHaveThreePair

adept

Join Date: Jan 2017 Posts: 1,136

Definitely think ETH is the way to go over BTC and LTC. But only if you're looking at longterm...

ETH should be able to rally over BTC and LTC with the current situation. It should be much easier for authorities to understand the benefits of the tech behind Ethereum.

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