Quote:
Originally Posted by heltok
It's market cap is 10% of Bitcoins. Assume that one cryptocurrency will win or no cryptocurrency will win. If one of them wins the upside would be about 10000x for BTC or 100000x for ETH. So first ask yourself if you think there is more than 1/10000 chance that a cryptocurrency actually wins. Then ask yourself if you believe it is more than 10% likely that if one currency wins it will not be Bitcoin but Ethereum.
Even though 60x is a lot, Ethereum is still in its cradle. The beta is not even out and almost nobody is using it for any practical purposes. If you invest now you will be an early investor, it's like buying Bitcoin at $40 in 2013.
its up 15x in 2 months.. feels more like buying bitcoin at $180 in spring 2013 i'd say, or $20 in april 2011, although the volume on google trends is far less than then, which makes me think this rally is being driven by a handful of big players pumping, not general interest. this rally started like a textbook penny stock pump too fwiw.. also bitcoin and ethereum have different goals.
any idea if the 2 decentralized poker dapps are planning to put all the HHs on the ethereum blockchain? looking at ethereum's definition of dapps i assume this is the case.
also, when i think of decentralized applications, the biggest ones that immediately come to mind are bittorrent, Tor, and bitcoin. openbazaar could def join that list. ethereum claims to be a platform for building decentralized applications, which require ether/gas to fund the contracts. on some level ethereum seems to be centralizing decentralized applications?, requiring them to pay ether/gas to run on their blockchain.
i'm probably investing at some point, but it feels fishy to buy in a nearly vertical stage of a parabolic move.. might wait this out.