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Originally Posted by Shifty86
OK, just when you said its like buying bitcoin at 40$ in 2013 that's what I thought you meant.
This seems a little to pumpy for me, there's to many people like you saying its like being an early bitcoin adopter. Props if you bought the pre-sale and made some money. But I think I'll hold off for now, realizing I very well could end up looking like one of the bitcoin bears early on in that thread.
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