Quote:
Originally Posted by housenuts
what part do you disagree with? i think ethereum has so much potential. sure there will be bumps, but the good dApps will help it grow much much bigger.
I think ether is an awesome short term investment opportunity. I hold some right now, as I think the hype will continue to grow for the next few months. But long term, I'm definitely short, as I don't think the actual project will be ultimately successful.
Here are a few concerns:
1) Scalability- it's going to be an issue at some point and a lot of experts say it will be impossible to get ethereum to scale to the size it's been marketed for.
2) Inflation- completely up to the foundation's discretion. too much power for one entity for what is supposed to be a decentralized network. what happens when ethereum is worth $1 trillion in market cap and 5 people and their vc backers still have control over its emission rate?
3) Greed- everyone invested has incentive to keep this train going as long as possible right now. Bitcoin's market cap provides a great measuring stick, and it makes for the large holders of ether to squeeze as much value out of this as they possibly can, regardless of their opinion on whether ethereum will actually work.
That being all said, until the bubble pops, personally I'm investing into almost every crowdsale that gets hype in the next few months with plans to exit immediately upon launch and expect to be profitable. That's the kind of wild wild west situation we're in right now with regards to all this.