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Old 05-25-2017, 09:59 AM   #176
BABARtheELEPHANT
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Re: Ethereum - Blockchain App Platform

If Kik is the announcement, I'm selling the news. I still have my longs open and it's a little nerve wracking.
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Old 05-25-2017, 10:12 AM   #177
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Re: Ethereum - Blockchain App Platform

Quote:
Originally Posted by ahnuld View Post
if anyone notices secretaries google searching "how to buy bitcoin" on their lunchbreak can you please let me know so I can short it?
Heard a guy talking on the phone to his buddy about a 10k Investment in ETH at the Supermarket Cashier yesterday "because it's cheaper than Bitcoin".
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Old 05-25-2017, 10:24 AM   #178
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Re: Ethereum - Blockchain App Platform

Crypto's as a currency are literally useless unless you live in N. Korea or need some illicit products traded at distance through the internet. The volatility is more nauseating than a boat ride through the Bermuda triangle, and the complicated process of acquiring/storing it make this highly undesirable for most main streeters. GL all, but keep a sharp eye out...
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Old 05-25-2017, 11:01 AM   #179
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Re: Ethereum - Blockchain App Platform

But what about BTC in Japan?
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Old 05-25-2017, 11:16 AM   #180
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Re: Ethereum - Blockchain App Platform

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Originally Posted by Go Get It View Post
But what about BTC in Japan?
https://en.wikipedia.org/wiki/Japane...t_price_bubble

then

https://en.wikipedia.org/wiki/Lost_Decade_(Japan)

Regulated = Relegated
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Old 05-25-2017, 11:46 AM   #181
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Re: Ethereum - Blockchain App Platform

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Originally Posted by ToothSayer View Post
I like Ethereum a lot more than Bitcoin. Bitcoin is finished in the long run. There is nothing special or unique about it beyond having a name that people recognize. It doesn't have a staff advantage, a technology advantage, and it has several huge technical disadvantages. The Bitcoin community also seems ossified and unable to solve its various problems in a timely and effective manner. Which is why altcoins are crushing them.

Beyond that, I don't know enough about Ethereum, the investments in it, its use cases, to have a clear vision of where this could go. Any idiot can understand "programmable smart contracts" and put together a shiny, hand-wavy case of why they'll be brilliant (which is the reason clown money is piling into Ethereum during this bubble). Long term though? You'd need to know a lot more than I do to pick it. And probably everyone here.

You can walk into your bank and get a loan to buy Ethereum? If so, let me know the name of the bank. I'll both get a loan from them and short the stock

This looks like every other bubble to me.

Kazuya is arguing that we're at the early stage of the bubble, and that awareness has a lot further to spread. It's probably worth doing that analysis. My instinct says we're beyond the early stage.


What % of people do you think have:

1. heard of ETH?

2. could give a very basic 1 sentence synopsis of what it is/does?
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Old 05-25-2017, 12:58 PM   #182
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Re: Ethereum - Blockchain App Platform

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Originally Posted by NLSoldier View Post
What % of people do you think have:

1. heard of ETH?

2. could give a very basic 1 sentence synopsis of what it is/does?
wild guess

1/400 americans
1/2500 americans
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Old 05-25-2017, 01:01 PM   #183
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Re: Ethereum - Blockchain App Platform

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Originally Posted by GBP04 View Post
wild guess

1/400 americans
1/2500 americans
To put that into a bit of perspective. How many people do u think can explain what an ETF S&P 500 does?
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Old 05-25-2017, 01:12 PM   #184
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Re: Ethereum - Blockchain App Platform

They don't have to understand it to be long the S&P most of their adult life.
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Old 05-25-2017, 01:23 PM   #185
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Re: Ethereum - Blockchain App Platform

just dropped like 35+ from highs, wat happened
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Old 05-25-2017, 01:31 PM   #186
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Re: Ethereum - Blockchain App Platform

people taking profits followed by scared money sellers
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Old 05-25-2017, 01:34 PM   #187
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Re: Ethereum - Blockchain App Platform

oh man watching the panic selling is impressive, btc dropped to ~2200 at the same time

Unfortunately missed getting more due to bots bidding 1c more, shoulda just bought at market price but too cheap RIP.
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Old 05-25-2017, 01:35 PM   #188
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Re: Ethereum - Blockchain App Platform

Dropped 60 from it's height even. Scary how volatile this **** is LOL.
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Old 05-25-2017, 01:36 PM   #189
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Re: Ethereum - Blockchain App Platform

Meh
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Old 05-25-2017, 01:37 PM   #190
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Re: Ethereum - Blockchain App Platform

excellent buying opportunity for those of you who have been asking if it's too late to get in imo.
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Old 05-25-2017, 01:38 PM   #191
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Re: Ethereum - Blockchain App Platform

Ignore it. Just have a chuckle.
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Old 05-25-2017, 01:39 PM   #192
BABARtheELEPHANT
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Re: Ethereum - Blockchain App Platform

Good thing I closed my leveraged long at 200. I bought back with my winnings at 195, I wanted to wait but no big deal. Now it feels good holding.
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Old 05-25-2017, 02:16 PM   #193
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Re: Ethereum - Blockchain App Platform

damnit, right when I went allin!
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Old 05-25-2017, 02:37 PM   #194
Kazuya
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Re: Ethereum - Blockchain App Platform

For anyone who just bought in and is already kind of panicking, Coinbase/GDax crashed so that's likely why there was just a tumble.

Guys, it goes without saying that if you're investing in Eth (and not just gambling) try to not be an emotional square about it and sell during these drops. If you're sick at the thought of your investment possibly halving, you have way too much exposure and should likely reconsider your position. Personally, if it drops 50% I plan to invest a bit more on top of what I already have. You need to mentally prepare yourself for stuff like this, because it will happen more than you expect
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Old 05-25-2017, 02:40 PM   #195
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Re: Ethereum - Blockchain App Platform

Quote:
Originally Posted by NuklearWinter View Post
people taking profits followed by scared money sellers
Agree

Quote:
Originally Posted by NLSoldier View Post
excellent buying opportunity for those of you who have been asking if it's too late to get in imo.
Agree


Someone help me to understand why when BTC goes off the deep end so does ETH and Litecoin and damn near everything else.

From what I understand ETH is litterally nothing like bitcoin.... I know they get lumped in together and both have blockchain in common but that's about it?
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Old 05-25-2017, 02:41 PM   #196
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Re: Ethereum - Blockchain App Platform

Quote:
Originally Posted by p2 dog, p2 View Post
damnit, right when I went allin!
Don't worry it will bounce back fast. By Monday ETH will be $210
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Old 05-25-2017, 02:49 PM   #197
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Re: Ethereum - Blockchain App Platform

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Originally Posted by Go Get It View Post
Agree



Agree


Someone help me to understand why when BTC goes off the deep end so does ETH and Litecoin and damn near everything else.

From what I understand ETH is litterally nothing like bitcoin.... I know they get lumped in together and both have blockchain in common but that's about it?
A lot of times it's just people selling something to use the money for something else. For example, I sold off some alt coins just now to buy more ETH at 163. Conversely, people may have sold ETH to liquidate at least some earnings fearing a major correction, or trade for BTC after the huge drop. Thus, it's a domino effect for all cryptos.
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Old 05-25-2017, 02:52 PM   #198
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Re: Ethereum - Blockchain App Platform

Korean bots imo
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Old 05-25-2017, 06:39 PM   #199
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Re: Ethereum - Blockchain App Platform

Quote:
Originally Posted by Czar Chasm View Post
Dropped 60 from it's height even. Scary how volatile this **** is LOL.
If it drops significantly, I'll get back in for the eventual longer term rise.

I still like smart contracts laid over a decentralized payments, escrow and secured assets technology.
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Old 05-25-2017, 06:52 PM   #200
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Re: Ethereum - Blockchain App Platform

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Originally Posted by vikthunder View Post
The thing that this misses is the network effect. Eventually, 1 crypto will become THE crypto. Bitcoin had it all locked up, and pissed it away because of a retarded scaling debate that didn't need to happen for 10 years or more (or ever probably).

That left the door open for anyone else to walk in and lay claim. Eth has the best shot because 1) it can do more than BTC 2) it's the largest (in terms of adoption) smart contract platform. With #2 being way more important than #1.

You mentioned it doesn't have a patent, so it's not securely in the #1 spot for smart contracts, but Facebook isn't a patented idea, yet no one can touch them. Why? Because everyone is on Facebook, so that's how a lot of the world communicates. You can make an exact clone of Facebook and no one will go there. You can make an exact clone of ETH and no one will go there. Hell, someone did make an exact clone of BTC (LTC) and nobody goes there.

With crypto, someday everyone will be on BTC or ETH or $hitcoin, and whatever coin wins will be worth...some ungodly amount.
lol at "retarded scaling debate"; that's a function of decentralized discussions. One person's "retarded" is another person's "cherished belief".

Pretty good points, except I disagree that there will only be "1 crypto" that wins necessarily. A decent case can be made to game developers for having a requirement of "coin agnosticism", to provide access across any/all popular coins. Why try and pick winners and shut out anyone who has some liquid crypto value they want to gamble up.

Secondly, to the extent that any coin's price gets out of line with its value as a tool, that can be adjusted by the nearly infinite degree to which coins are divisible into fractions. Also, a good, functioning blockchain need not run with the most expensive coins as fuel, especially if it supports contracts with value stored or convertible into other coins.

Last edited by Gzesh; 05-25-2017 at 07:04 PM.
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