It does look super bubbly. How else is something that could be big going to look though? However if your in it for the long haul, doesn't make as much of a difference. Can always take a small piece and add on big pullbacks. If this thing actually works, long term this is a multi bagger of magnitude. If it doesnt.. just bet what you can afford to lose.

Did you buy any Bitcoins at $40? I bought between $13 and $100 and I remember how people were saying similar things around $40. Some said they didn't want to enter late and went for Litecoin instead.

At the presale I did a lot of hyping for Ethereum on some other forum, quite a few people did actually invest but most people were laughing at us giving money to potential scammers for a vaporware product that didn't even exist. And they called it vaporware all the way to genesis. I don't blame them, it was a really risky investment. We didn't even know if it was possible to make ethereum, much less if people would use it. We still don't know even if it should have any value or just be used for contracts and not as a store of value. But I had my idea in my head that technology demanded ethereum or something similar and I for some strange reason find it easy to trust people such as Vitalik.

Today I face the same choice as you, should I have some of my net worth in ETH or not. If we got it at presale or not should not really factor into our decision, but I guess it is hard not to let it. It is still a risky investment, the upside is 60x lower than it was at presale, but then the risk is probably more than 60x lower.

Bitcoin did look pumpy all the way from $0.001 to $1000. So sometimes buying the pumpy looking asset is actually +EV.

With Ethereum we will see what the future holds. The next few weeks should be very interesting with homestead, more exchanges, more people buying and more people selling. Then we have the big challenge of going from PoW to PoS, that can either break Ethereum or make it even bigger.

Imo if you find it interesting invest some you can afford to lose into it and enjoy the ride and at least you will have a fun story to tell. Imo you are still a very early adopter, just look at these metrics:
https://www.google.com/trends/explor...tz=Etc%2FGMT-1

i don't think this assumption is right. not only because there might be benefits to having more than one major cryptocurrency, but also because ethereum is more than just money whereas bitcoin is limited in that regard. ethereum is also pretty abstract and therefore harder for laypeople to understand, so it's hard to say how easy it will be for ethereum to catch on as a currency. or perhaps it won't really have to and it's going to be used more for its increased programming capabilities than its potential as a currency.

i think there's going to be a significant exodus from bitcoin into ethereum because right now it seems like it's the logical place of cryptocurrency investors to go. the bitcoin development is divided by blocksize wars with no clear resolution in sight whereas ethereum development seems like it has much better governance. and the whole bitcoin issue has to do with scaling and getting more than 7tps whereas ethereum already offers 100.

when Bitcoin was Ethereums age, it also had a ~100 tx/s limit (32mb cap). but that was lowered. now, Bitcoin is limited to ~3.5 tx/s because mean tx size is larger than it used to be.

Waiting on a BTC transfer right now. How did anyone create a currency of the future that takes so long to transfer? That alone screws BTC IMO.

I know it's been talked about in the past but hasn't happened. Exchanges are a HUGE weakness in crypto currencies. Wouldn't building a decentralized exchange on Ethereum be an amazing thing to boot this thing off with? There would be a ridiculous amount of money to be made. Why has no one done it, or have plans to do it (not that I'm aware of anyway)

I bought Ethereum during the presale, first and only time I've bought a crypto other than bitcoin. Kind of regretted it the next day but obv pretty happy now. I've sold all of them at this point.

From the start it's felt like a pump.

Even if this isn't a bubble, they're still in alpha and there's an endless list of things which can go wrong. On top of all the technical and developer issues, iirc I read the other day that 60 or 70% of the presale wallets haven't been opened. How long will that last? For a lot of people that's a huge amount of money to sit on.

I'll buy back after things settle down, I wouldn't be surprised to see Ethereum below .001 again.

Worst case, on the near zero chance this parabolic move isn't a bubble, I can always buy back.

https://etherex.org/
http://etherex.github.io/etherex/#/ <-- try it there

Running a 0.1 btc march madness pool for those interested

http://forumserver.twoplustwo.com/40...ol-ii-1594807/

Have you used it before? Before I go download all the required stuff, do you know if there's any volume what so ever on it?

Ethereum is still beta, have some patience. If you just want to exchange some BTC->ETH p2p you can already do it with shapeshift.io. Not as decentralized as EtherX but up and running now.

Can also do btc-> on kraken or poloniex. Poloniex has the most volume.

ETH being added to ******** in a couple days. It's what's driving the ATH's. What's funny is the people over at ******** have been know to be a bit shady. Somehow someone caught wind that ******** was testing adding ETH a couple weeks ago. They usually do this by seeing some sort of link or something that hasn't been made public. They asked ******** about it and ******** replied on twitter"we have no intentions to add ETH at this time". Less thrn 2 weeks later they are adding it. They were obv trying to keep it hush so they could load up. It's possible even the first run to .3 could have been caused by then loading up. Curious to see how it reacts when it hits finex. Sorry no links I'm on my phone and its a hassle.

why is 2p2 censoring bit-finex (without the dash)? ********

Been that way for a long time and it is pretty bizarre considering it's like the only thing besides 4 letter words that's censored.

there are a TON of non curse words and various sites censored. most likely some spam bot blasted the forums with links to it at one point in history

finex

Just made my first ETH transaction to finex. I was thinking.. this is going to be cool, it will be credited right away because of the faster confirmation times. WRONG.. finex says they need to wait for 600 confirmations or about 1.5 hours. So I do a search and see other exchanges were making people wait as long as 6000 confirmations. WTF

its about amount of time, not number of confirmations. its about confidence that your tx, which is written in some block, will not be overwritten by a fork to another longest chain. ETH is not different than other cryptocurrencies in that regard.

you shorting eth now?

One of the mining pools currently holds 50% power apparently.


Also, Dont forget that finex moved a lot of their transactions into liquid as a sidechain for bitcoin, so I am sure that they are a little behind/slow and being cautious on the coding for setting up their traditional wallets for ether.

I posted some relevant useful links about ethereum and the programming language used for smart contracts (solidity): http://forumserver.twoplustwo.com/19.../#post49655815

I was very happy to come across this information so I suspect someone here will be too!

Also I made an appeal to mods/admins/owners to allow for a technology section that might include the entire scope of technology that crypt-currencies effects and represents, especially their relation to the future of poker technology. Support that change please!

http://mobile.nytimes.com/2016/03/28...-bitcoins.html

and the myth of "faster" confirmations due to shorter block time revealed... satoshi didnt choose 10 minutes for no reason.. i read some detailed economic stuff on how 10 min was a sweet spot for confirmation time. shorter confirmation time does not mean faster or better.