/biz/ - Business & Finance

Google trends...rapidly growing but most of the world has not heard of it yet.

Obvious breakout.

Subreddit stats, constantly growing.

>>1150658
go look again, trend is reversed nethercuck

Huge volume 1/2x that of BTC, despite market cap being only ~1/6x of BTC

>>1150658
which site is this?

>>1150657

>>1150657
>massive in Weedland, Leafland and Shitpost Island
Why?

Wikipedia article stats

>>1150666
What is dip

>>1150673
>>1150657

This is great, it means that Ethereum is breaking out but still has not achieved mainstream news level that Bitcoin did, which means it has huge upwards potential.

>>1150674
we love internet drug money

>>1150658
>>1150666
Are you blind?

World is still sleeping.

>>1150669
https://cryptowat.ch/kraken/etheur/1d

Here are youtube channel stats

So, still doubting potential of Ethereum?

If anything, I would really like to hear arguments why it is shit and will die off.

>>1150655
I never thought I'd see bitcoin dying, I have total faith in what Ethereum can do, slock.it will be huge and auger aswell. Imo all other coins are shit and can be coded in 4 lines through ethereum.

Buying ETH for $10, $15, $20? All steals considering what it will reach in the future.

>>1150711

ethereum supporters will keep using high level language to explain what it does, and wont be able to convince the public of its usefulness.

News organizations wont publish articles containing statements like:

"The purpose of a consensus algorithm, in general, is to allow for the secure updating of a state according to some specific state transition rules, where the right to perform the state transitions is distributed among some economic set."

In the meantime, banks will develop their own ez2use funbucks on blockchain technology, and pay billions for news hype. Then the world is owned by banks even more than before.

I dont want this scenario. please convince me this wont happen.

>>1151298

>I dont want this scenario. please convince me this wont happen.

This whole technology started because no one likes banks. The blockchain is essentially their job which is being replaced, bookkeeping and money creation.

Yes, they're going to start using blockchain technology (because they'll be forced to adapt) but that's essentially going to make the bank a blockchain with a human frontend (local branches and such).

And for this service you're going to pay extra. Tie in competition between coins and what do you have?.. Yup, that's right. Their blockchain will essentially be reduced to a shitcoin.

It's probably going to be much worse than this when you consider every bank is just a subsidiary of the national currency/government.. But anywho, that's another discussion.

>>1150655
ETH is still in a huge speculation bubble. All the speculation is already priced in and the price will surely go down if we dont hear MAJOR news in a few days.
I think this meme is finished and the reversed trend will head towards $4-5.
We are constantly reaching lower highs and lower lows than before.

Sell it while you still can.

Not diversifying from bitcoin into ethereum is financial suicide.

Ethereum is capable of everything bitcoin can do, but,

>1. Not controlled by 4 chinese mining farms
>2. Infinitely programmable
>3. Not associated with terrorists and pedophiles
>4. Only 1/6 of the market cap but liquid enough to attract whales
>5. Way faster
>6. Supported by major banks and financial institutions

Even coinbase is starting to distance itself from bitcoin. Beginning to use language like "digital currency"

>>1151630
It still has the 51% attack issue. What about that?

>>1150678
>Ethereum is breaking out but still has not achieved mainstream news level
Ethereum was mainstream news level in fucking 2015. the fuck you NEETs think how you even know about it? stupidity, I would fucking invest if there was a market for it.

>>1150692
How about you wait to find out how long that wick actually is before you start doing retard-tier TA on it.

>>1153105
How?

Ethereum is asic proof.

Only a further 15 million coins are available before the switch to proof of stake.

Even if a mining farm were to invest a huge amount in graphics cards and mined ALL the rest of the POW coins they would not accumulate enough to run a 51% attack under POS. And all the rest of the coins are already far too well distributed.

Once POS is instituted, running a 51% attack would mean accumulating 51% of all ETH. Something that would be prohibitively expensive as the price of ETH would rise and rise if undergoing massive accumulation by one entity.

>>1153145
>price of ETH would rise and rise if undergoing massive accumulation by one entity
So what you're saying is we should go all in on ETH

>>1153149
https://www.youtube.com/watch?v=H6bGuKN3m6E

>2017
>grab VR goggles to browse some internet
>log into 5G cellular wifi irradiated from every light bulp for free
>open google.com
>"This action will charge your ethereum account by E0.000031"
>accept
>type "trans furry porn", normal porn involving women has been outlawed
>pay additional E for displaying 5 more pages
>jerk off in 30 seconds because stereo version is 0.1E/minute

brave new world guys

Buy sis coin its an ascending triangle pattern and will breakout soon

Then buy ether

>>1153279
What the hell is siscoin

>>1153205
The greatest post Ive ever read.

>>1153322
Sia* Coin

SC

>>1153145
This is how.

Ethercucks.. when will they learn?

>cryptofags

Don't you realize the meme is dead?

>>1151298
>banks will develop their own
You retard keep going on about this disregarding that the whole point of ethereum is decentralization. Why would a bank increase their costs in developing this new thing from the ground up AND buying the hardware to support the nodes they would need when doing so defeats the purpose of the technology?

>>1151322
>>1154888

Agreed that banks trying to centralize blockchain goes against what the creators had in mind. However, people trust banks more than they claim. Otherwise, we would all keep our savings as gold.

That unspoken trust of banks is a major reason most people haven't "taken the plunge" from banks to something new like bitcoin yet.

It's reasonable to assume that if people choose banks OVER bitcoin or owning gold, then they would follow banks INTO bitcoin technology, at least initially. Maybe eventually the whole appeal of decentralization will kick in, but it will be a slow process like 10 years minimum. Ethereum may come and go in that time.

>>1154888
It's not hard to make a cryptocurrency. Look at all the shitcoins with a glossy website

>>1154898
Without decentralization you can just ddos their node and shut down their transactions. It makes no sense and is completely counter intuitive to the technology. What benefit do they gain from making their own? Literally nothing

>>1154900
You're thinking of ethereum as a crypto currency when really ether is the coin. People aren't on board with ethereum because of the coin, it's the tech behind it. You can make a new shitcoin using ethereum but that's not the point of ethereum.

>>1153480
Check again faggot.

Almost 12$...

ETH is a meme and I regret investing in it. If/when the price hits $15, I'm cashing out.

For some reason I have the ethereum meetup grroup in india bookmarked. i have been looking at it every once in a while and its been growing in members the past few weeks.

/Ethereum-delhi

>>1155425
What changed your mind? Was it that the price didn't go up indefinitely and at an ever-increasing pace?

>>1151171
There will be 5 times as many ETH as BTC, so the price of one ETH would probably not ever reach over 20% of BTC's top value.

Just my forecast.

>>1155470
but its still going to surpass bitcoin's rise. its not even close to being done.

>>1150655
it's going to dump, can you stop buying at the top /biz/

>>1151298
Except if you actually understand high-level compsci it's also blatantly obvious they're dodging the fuck out of explaining how it really works. They haven't addressed tons of potential problems with their technology except saying "we've solved that". It's mostly buzzwords and descriptions of old tech. They're also not winning many people who DO know the techs because they're being too vague and too evasive.

>>1156518
As much as I am unable to positively confirm this, the extensive reading I have done seems to indicate that they haven't really got certain aspects of it worked out (like what the actual supply will end up being), and they're kind of making it up as they go along, which isn't all bad.. but for investment.. i don't know.

Or maybe they don't their secrets stolen just yet, so that's why they're being dodgy. For the record, I like etherm, I think it's pretty cool and it's got potential, but I am never going to put money into it as any kind of investment.

Cause I don't trust it, and because I hate shills. Fuck you.

>>1156526
>>1156535
My concern is more with the technical side. There are query time, storage distribution, and blockchain growth issues that they haven't addressed besides saying "Don't worry it'll work". I get keeping a secret just in case but at the very least they could do more than promise what any other possible scam-artist promises. Not to say that's what they are, but it does show the ease with which you can be fooled if you accept dumb answers.

>>1156540
Can you elaborate on those technical problems?

>>1156632
>he read some fud.

>>1156641
Yep, of course, same chart was shown for BTC when it rose from 1$ to 30$.

>>1156657
if you invested in eth, god has given you a 2nd chance of full retard to still cash out. use it FOOL!

>>1156668
>only put $600 in so I could theoretically lose it all and not care
>if it crashes I will be fine
>if it goes to the moon I'll be happy
If I pull out now I'm just missing the boat to be honest. I'll be leaving mine in and letting what happens happen. Tell me what's changed about ethereum to make it crash.

>>1156674
This is where I'm at right now.

I'm pretty hopeful given the technology though, it's still very young so the growth potential is there. If for some reason it doesn't take off it's not a big deal. Well worth the small risk imo.

>>1156641

>>1153594
> VM escapes

formally prove the vm implement then, it's not nearly as complex as the jvm spec

>>1153594
> VM escapes

formally prove the vm implementation then, it's not nearly as complex as the jvm spec

>>1156674
Me too, put in 1000$, wrote a bot, if it crashes i don't care

Pre-sale owner here:D AMA faggots!

>>1159010
prove it, faggot :^)

>>1159010
Why did you buy ETH at that time? Also: Prove your a persale owner.

>>1159036
>>1159031

>>1159055
how much do ya have?

>>1159036
I heard Vitalik explain Eth ... let me try to find this video

here:
https://www.youtube.com/watch?v=TDGq4aeevgY

and Im like.. well... here we go! I think this guy is our tesla! I'll chuck some bitties at it!

The reason i have two is because i bought some... then a few days later... i had to buy some more lol! I've been a bull since 2013!

>>1159058

:D a gentleman never says

>>1159063
a true ethereum gentleman would. we're supposed to be transparent yet pseudonymous

:D

>>1159067
lets put it this way. I sure as fuck wish i got more! but i don't think i'd say that no matter how much i got! GREED!!~! is a cunt

>>1150655

Where's that image showing how to convert BTC into ethereum?

>>1159236
Use Poloniex exchange to get ETH

ETH will be under 0.01 per BTC in less than 7 days. If you have alot of ETH, you should sell all and take profit now! Or else you will suicide hehehehe

>>1159270
>Nethercucks late for the boat wishing desperately for a crash

>>1158967
can i pay you for you bot?

>>1158967

What do bots do?

>>1159337

make the person selling them money, lol. they don't do much more than that.

>>1159357
Kek

>>1159270
will it go back up though?

>>1159468
My guess is .042 or so then a dip to some low slightly higher than this recent dip. Buy in if you haven't and get money ready if it's not already.

how does one buy eth?

>>1159650

>>1159270
sour graping and coping mechanism engaged

>>1159831

>>1159650

One doesn't since the rocket has already launched. EXP might be the next best thing in smart contracts now that it's relatively unknown and ready to explode, especially if you take into account the hyperbullish Microsoft news.

Sincerely,
Fella who missed the ETH rise

>>1160655
ETH still has plenty of potential.

>>1156641
>>1157802
Were in the awareness phase, long way to go before bubble bursts

>>1159270

I hope it does so I can buy more

For newcomers; video on how to set up an Ether wallet.

http://youtu.be/I_zqGxUNtzo

>>1161529

How can I buy Etherium

>>1161642
kraken.com via EUR / USD / BTC
poloniex.com via BTC

So you guys buying the dip already?

seems like interest in eth is gone desu

might be months before we see another big move

>>1150711
The key to this is what the founders and original investors will do. If they sell over 50% of their stake then it was a pump and dump scheme all along.

So far I have not seen any indication of that, but eventually they will have to fulfill their promises or go under.

It's actually pretty sad how every time I go on /biz/ there is a bunch of fucking idiots that still think they can make it big on cryptocurrency after they missed the big bubble on bitcoin. What was the last coin that was supposed to go big? Doge or some shit? NO BUT DOGE HAD --- ISSUES AND SO AND SO PROBLEMS BUT THIS TIME, ETH WILL DEFINITELY GO BIG!!! Why are you guys so easily shilled and tricked?

>>1162868
this

>>1162868
Are you retarded? There is money to be made on every security regardless of what state it is in and what stage of life it is in. There is money that can be made at the start, middle, and end of bubbles as well as bullish securities. There is money to be made on the most stable and the most volatile securities.

Telling people to not play is telling them to not do business at all. Nobody plays if they're too conservative to make money. Those types of people shouldn't even be on /biz/, so I don't know what you're trying to accomplish by getting people to cash out of the game or never even cash in in the first place.

>>1162868
it fascinates me how people get into these things without realizing the only people that actually surely profit from it are the ones that started these scams.
these crypto currencies are even worse than normal fiat.

>>1162882
>the only people that actually surely profit from it are the ones that started these scams.
while they may profit the most, I'm sure there are savvy traders who profit from the pump and make sure to dump it before getting too greedy. Maybe that's only 10%-20% of the non-insider crowd though.

>>1162868
>NO BUT DOGE HAD --- ISSUES AND SO AND SO PROBLEMS BUT THIS TIME, ETH WILL DEFINITELY GO BIG!!! Why are you guys so easily shilled and tricked?

Solid counterarguments, please.