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/biz/ - Business & Finance


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File: 238 KB, 1507x771, MAKEITSTOP.jpg [View same] [iqdb] [saucenao] [google]
1121258 No.1121258 [Reply] [Original]

SOMEBODY MAKE IT STOP!

SOMEBODY MAKE IT DIP!

WHY HASN'T THERE BEEN A DIP YET?

IN THE HISTORY OF TRADE HAS THERE EVER BEEN ANYTHING THAT NEVER DIPPED EVER AGAIN?

THIS JUST ISN'T FAIR!

>> No.1121267
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1121267

>tfw had a buy order at .007 when it was .008 at its lowest

>> No.1121271
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1121271

>>1121258

>Missed the gravy train for the second time

>> No.1121272

>>1121267
I waited since then to dip to .007, it never did

>> No.1121273

>>1121258
It'll dip because I'm now aware of it. If I believe it will dip, then the reality is it will dip.

>> No.1121274

>Missed fucking dip 2 weeks ago because woke up after market hours for a week

REEE REEEE I'D HAVE MADE $400 DOLLARS IN A WEEK. REEEEEE

>> No.1121275
File: 92 KB, 800x454, 1-XPwSWxOq0qNlLL5Er5TH7w.jpg [View same] [iqdb] [saucenao] [google]
1121275

>>1121273
YES!
Let's use meme magic!

DUBS AND IT DIPS TO $8!

>> No.1121279

Literally the three times I bought in, there was a dip immediately after. Look at how fast the supply has been drying up, literally insane.

>> No.1121301

>>1121271

But Araragi is swimming in cunt. That makes no sense. He has a hypersexed loli living in his shadow ffs.

>> No.1121336
File: 16 KB, 250x250, image.jpg [View same] [iqdb] [saucenao] [google]
1121336

>tfw own more than 1500

>> No.1121370

>>1121336
i bought 29.6, didnt have the balls to go balls deep.

>> No.1121374

I wish I could see the faces of all the militant nocoiners in 2 years when they're crying about how they "knew about eth in 2016"

>> No.1121380

>>1121374
Their tears will be delicious but I will not pity them. They brought it upon themselves

>> No.1121383

>>1121380
>they will look up and say "can I have some gas, sir?"
>and I will say "no"

>> No.1121399
File: 50 KB, 629x629, 1455244694947.jpg [View same] [iqdb] [saucenao] [google]
1121399

>>1121383
kek

>> No.1121402
File: 186 KB, 557x605, buterin.png [View same] [iqdb] [saucenao] [google]
1121402

The Ether must flow.

>> No.1121431

>>1121258

is it too late to buy in? i just read some articles and got cold feet.

>> No.1121432

>>1121258
lol, look at this mad no coiner.

>> No.1121435

>>1121431
No obviously. ETH will make bitcoin look insignificant.


Ethereum will have a market cap many many times larger than bitcoins

>> No.1121436

>>1121258
There was an article about it in the NY times, it's ogre anon

>> No.1121439

Bought ~$600 worth at $3, yet all I feel is regret that I didn't sink my life savings into this. Anyone know this bittersweet feel?

>> No.1121442

>>1121439
I did pretty much the exact same as you and yup. I think it'll dip once it hits $10 though, that's that magic number people sell at

>> No.1121444

I tried to use shapeshift.io
But whenever i press Start, i get this weird error
Error : socket hang up
Anybody know what's wrong?
Or any other way to change BTC to ETH?

>> No.1121445

>>1121442
It already hit $10.

What is your logic for people selling at that point apart from duuh round number?

Why would they sell at 10$ if they feel confidently that it will go up to $50, $100?

Stop lying to yourself fag

>> No.1121450

>>1121445
I see it happen every day on spec stocks. It's exactly for the 'duhh round number' reason. I'm watching on Kraken, didn't know it got higher on other exchanges. No point lying to myself - I can't really put much more into it at this point anyway.

>> No.1121453
File: 13 KB, 172x292, fgm.jpg [View same] [iqdb] [saucenao] [google]
1121453

>>1121258

>tfw 15k in bitcoin since the 3.40 era

>> No.1121454

>>1121453
eth*

>> No.1121455

Even if you sunk $1000 into this, which for most on this board would likely be every penny they have, you're waiting a year to make AT MOST a $9000 profit.

You could make that in a couple of weeks trading forex.

I'll never understand why these threads act like you're turning pennies into billions and not just multiplying your investment by 5-10x over more than a year.

>> No.1121456

>>1121450
>selling at $10 to cuck yourself out of a fortune because you think this will act like your shitty stocks.


Noob

>> No.1121457

>>1121455
Trading forex involves luck, risk.

Buying ETH is fucking easy money.

>> No.1121458

>>1121445

People sell actual legitimate stocks on the exact same basis every day.

Fuck look at Gold. Whenever it hits a new historic high it suddenly collapses momentarily because idiots think SURELY IT GOES DOWN NOW, initiate a sell off and then create a self fulfilling prophecy.

>> No.1121459

>>1121442
Ok, well, it is still high as hell, why did people not sell?

>> No.1121462

>>1121459
because bitcoon is dying , panic didn't even began yet.

>> No.1121466

>>1121445

Welcome to trading 101. No graph moves in a continual straight line. Sell when you've made good gains and good profit. Wait for the price to retrace lower. Use your profits to ride it back up.

You'll end up back where you were before with even more profit ready to ride the trend higher.

>> No.1121470

>>1121456
I'm not selling at $10, Just going to buy more if it dips after hitting $10 ya pleb

>> No.1121471

>>1121455

9k profit on a 1k investment is a pretty fantastic return over a year. Not life changing, but certainly more than worthwhile.

>> No.1121474

>>1121462
How is Bitcoin dying if they will just switch to Bitcoin Classic nodes and fix all the current issues with lag and shit?

>> No.1121477

>>1121466
Or you sell thinking it's going to dip further and it turns out to be a bear trap and you end up buying back when it's higher for a hefty loss.

>> No.1121482
File: 128 KB, 600x400, odo.jpg [View same] [iqdb] [saucenao] [google]
1121482

I have 10k eth and 2k btc, bougt it up a 3 weeks ago, how rich will I be in a year ?

>> No.1121485

>>1121482
If you bought all that then you are already rich so good luck bro.

>> No.1121502

>>1121439
I know that feelerino

>tfw one of the biggest cash cows that will appear in your life and you invested conservatively in it

>> No.1121520

> my friend put his entire 401k in ATI at 9 dollars and I waited because I thought it would go lower.

Plz kill me

>> No.1121525

>>1121439
Nope, it's all about being cautious with your investments and not dropping money stupidly. Diversify and be conservative. It can fall to 1$ tomorrow and you would feel like shit. Pain is harsher mistress than pleasure.

>> No.1121540

>>1121455
You're literally retarded lol 900% return is not something you see on forex regularly, let alone buy into.

>> No.1121548

>>1121431
>is it too late to buy in?
yes.
there's a chance it'll hit ~3 million imo, but it's not gonna go higher than ltc's ath. not without crashing hard first.

>> No.1121551

>>1121548
Lol comparing ethereum to shitty litecoin.

This is why you will remain poor

ETH will exceed bitcoin. By an order of magnitude.

>> No.1121552

>>1121431
link articles

>> No.1121555

>>1121439
Holy shit yes. I bought 45 ETH with some change I had in a savings account collecting dust.

Now I wish I had cashed in my entire life savings. I'm already up 42% for fucks sake. That is what most people hope to be up in 5 years.

>> No.1121557

>>1121555
I'm up 100% as of this morning. Hope everyone's having a good day.


Except you filthy, derelict nocoiners

>> No.1121560

>>1121258
Can I buy bitcoin with Master Card?

I was thinking about going through lcoalbitcoin, but prices are higher than getting a prepaid MasterCard and just pumping that into 247exchange or the like.

>> No.1121578

Ok so this does look like an obvious pump just like it did a few weeks ago. Went from .00240 up to .017000 then back to .00890.

Now I assume it will do the same just before the Homestead release and bitfinex adds ETH to its currencies. Be prepared to sell if it takes a turn. But also be prepared when it bottoms out and all these whales buy back in.

Just look at all the whales and their 10k sell orders at $10.... They will be buying back in...

>> No.1121581

Cryptocurrency scrub here.

How do I bought ETH?

>> No.1121584
File: 106 KB, 1356x615, Whales lining up the sell.png [View same] [iqdb] [saucenao] [google]
1121584

Those sell orders haven't been this consistently high until today.

>> No.1121585

>>1121560
https://medium.com/@ethereumvn

>> No.1121593

>>1121581
buy bitcoins.
transfer those to poloniex.
buy ETH
sell ETH
buy XMR

>> No.1121597

>>1121593
>xmr

Lol stop flogging that dead horse

>> No.1121598

An absolutely ridiculous amount of volume being lined up to be sold. Is the crash incoming?

>> No.1121602

>>1121598
You got the dip fever! I'm ready too!

>> No.1121605

>>1121598
of course

>> No.1121622
File: 38 KB, 514x453, ETH.png [View same] [iqdb] [saucenao] [google]
1121622

It's habbening

>> No.1121628

>>1121622
nice

>> No.1121633

Dip is on. Get ready to buy

>> No.1121636
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1121636

>>1121633
ALMOST TEIM!

>> No.1121637
File: 51 KB, 1092x411, Untitled-1.png [View same] [iqdb] [saucenao] [google]
1121637

>>1121551
>ETH will exceed bitcoin.
all anyone wants is bitcoin.

>> No.1121640

>>1121633
Fuuuuuuuuuuuuuuu I don't have any bitcoins!

>> No.1121689

Wow that was a big red dildo

>> No.1121692

Should I sell all my ETH now and then buy more once it hits the bottom?

>> No.1121696

>>1121633
I ain't buying shit unless it hits 6 again. If not I'll enjoy what I have.

>>1121637
Dis gon be gud.

>> No.1121698

>>1121692
You don't know where the bottom is. Just hold on to what you have, and buy more when you think it is about to go up.

Or do what-the-fuck-ever. It just seems really ridiculous to be advocating conservative trading practices for a fucking crypto.

>> No.1121704

Redpill me on ethereum guys

>> No.1121711

>>1121704
Ethereum is a piece of new tech that some nerds created for other nerds to use. It brings nerds together in a way never thought before. However, these nerds are pretty money smart, raised 18 million dollars, are getting a lot of corporate attention. The destiny of the nerds' project is tied to an incredibly speculative investment opportunity. A lot of people believe in the nerds and are helping them out. Some see an opportunity. /biz/ has nothing better to do with their time.

Basically:
Nerds + Innovative Business Technology = Money

>> No.1121717

>>1121704
Of all the altcoins it is the one with most potential. It is profiting from the "crisis" bitcoin is going through.
However, it still has to prove its salt in real world use cases. This is a greatly speculative bubble it is going through. The list of dapps in development seems a bit underwhelming to me. Im still riding this wave though.

>> No.1121719

>>1121711
Thanks. After reading some threads here I think most people don't know what they are doing and just spend their neetbux (50$) on some shit some other anon says will rendit and hope they'll get rich. Is this correct? Is there anyone here doing serious trading (>10k$) ?

>> No.1121728

>>1121719
Serious trading?

Stop being scared to spend your stashed away wagebux.

There is no other mantra in any industry except buy low, sell high. Get on the train

>> No.1121732

>>1121719
>implying NEETs can ever scrape even $1k together.

>> No.1121733

>>1121719
There are people doing some serious trading, and there will be more at a later date.

Right now, Ether is behaving a lot like any other crypto. There is only a small margin of the total Ether that is being traded by small-time traders. For any other coin, this would be a disaster and proof of a pump and dump. For Ether, this is just because the project is a phased project. Right now, there is a speculative rise in the price of Ether, immediately before Homestead. When Homestead happens, there will be another spike.
It is all moving into the territory that bitcoin only could dream about. As more and more companies adopt the blockchain technology, less Ether will be in the hands of the powerful players who now hold it. It will be distributed (through crypto exchanges) to work with the contracts.

My thinking on it, which mirrors many other people's thinking, is that this will not be a bitcoin shoot to the moon thing. This will be an, initially, rise and fall rise and fall rise and fall in an upward general direction as their project progresses through the phases and companies start using the tech. Then, there will be steady, but fast, growth. This is going to be the bullest crypto out there. It might pay off to play this one conservatively.

>> No.1121735

So I finally got my account verified on coinbase. I go to buy some bitoin, and it tells me it'll take A FUCKING WEEK to get the bitcoins in my wallet.

Is the circle app faster? How much faster?

>> No.1121736

>>1121733
that's why learn to day trade and short ether over the course of a few days to earn greater profit

>> No.1121739

>>1121735
yep instantly with debit, but it takes weeks to get to that point for them to allow that

>> No.1121741

>>1121733
And your thinking is based on what? The eth chart? What makes you think that eth is going to be the currency everyone waited for?

>> No.1121744

>>1121739
>but it takes weeks to get to that point for them to allow that

Really? Are there a bunch of verification hoops to jump through like on coinbase and kraken?

>> No.1121747

>>1121733
There is no more hype news left. This is it. Homestead was already released. This is the highest it goes my friend.

>> No.1121748

>>1121735
Circle is much faster. Within 3 hours of the moment I made the decision to buy Ether I had some.

Debit to Circle to Kraken

>>1121739
>it takes weeks to get to the point for them to allow that
This must have been a while back. Because not too long ago, I was able to make an account on Circle, immediately transfer money in from my debit card, immediately able to send it to my Kraken account. Kraken then took about 2-3 hours to process it. But after it processed it my ETH order was more-or-less immediate.

>> No.1121751

>>1121744
It is not that hard. If you want it, you will jump through the few hooks. Poloniex has no hoops

>> No.1121755

I will use the first circle referal code that gets replied to this post.

>> No.1121756

>>1121736
you can short eth?

>> No.1121758

>>1121756

well I mean filling out buy and sell orders to make small gradual gains of like 5-10%. whatever you call it rather than longterm holding

>>1121748
yeah, I recently got back into cryptos after eth came onto scene. I was trading and losing money on monero back in 2014. but the limits only start to increase after a certain time

>> No.1121759

Can anyone explain what homestead is? And why does everyone say it will drop at homestead?

>> No.1121761

>>1121747
Homestead has not been released; it is being released. The news came out, but this is an ongoing process. Homestead is not done, and Metropolis is on its way.
It will continue to rise. It will likely be at 15-20 by May. Also, it doesn't really need hype as much as it needs sustainable growth from developers talking about and making use of the tech.

>>1121741
I do not think ETH is going to be the currency everyone waited for because I don't think it is going to be currency. Instead of the rules for the currency on the blockchain, they have imbedded the programming language necessary for a millions apps and contracts. ETH is just the juice that drives all of those things. As developers start making apps, and companies start using the smart contract tech, you will see sustainable growth for Ethereum. As ETH is used and traded more, you will see steady (and probably fast) growth in the value of ETH.
No doubt, though, there will be some sort of price control on ETH through the large ETH-holders. This will keep it from ballooning like bitcoin and then crashing.

The real contribution, the really amazing thing they've done is create the world's first bullish cryptocurrency.

>> No.1121762

>>1121759
also when will homestead be released?

>> No.1121768

>>1121762
14/03

>> No.1121771

>>1121762
Homestead is "released". The Homestead release has been announced as something that has happened, but it has only happened in theory. It is an implementation that will take the whole time of the Homestead Phase. The next phase is Metropolis.

>>1121759
Homestead is the current phase of the Ethereum project. I don't pretend to understand all the deeper aspects of the tech, as I am not a developer. I just know that it is the next phase in a phased development of Ethereum. In every new phase, new functionality is added to the blockchain and developers can make use of it. This means that it both increases the opportunities of current developers working with Ethereum, and ones that have waited to jump in until there was the functionality that they wanted.
Every new release means that the project is expanding. The people who said it will drop are those who are crypto people and can only see the speculative aspect of Ether, which is only a part of the Ethereum project. They fail to see the tech side of it, and the expansion of developers and companies involving themselves with the project.

>> No.1121772

>>1121761
>bullish
All cryptos are bullish until they are not.

>> No.1121781

>>1121772
>All cryptos are bullish until they are not.
I am not one of these fools that hypes Ether because it is the next Dogecoin. Lumping me in with the people who think crypto is a great investment is ignoring what I'm saying.

All I'm saying is that Ether is a better investment than other cryptocurrencies because it is backed by an incredibly innovative and expanding technology that appeals to both developers and companies. I do not make the extrapolated comparison to the WWW entirely believing that Ethereum will be comparable, but I do so because it has similar themes.
The WWW was a tech innovation, using semi-existing hardware, that had a blanket appeal to developers, companies, and the average user. In that same way, Ethereum is a tech innovation using semi-existing hardware that has a blanket appeal to developers, companies, and the average user.

In this current phase, Ether is highly speculative because the exchange of Ether is being done by investors. As the phases continue, and Ethereum expands and more developers and companies make use of it, Ether is going to to be increasingly traded by entities other than the investor (through contracts). When this happens, the growth of Ether will not be so speculative and it will stabilize. This will be a stabilization that the entirely speculative bitcoin never had.

>> No.1121787

>>1121781
The only way it will stabilize is if the value tanks and probably not even much then because whales will always be buying and selling large chunks of Ether.

>> No.1121791

just realised i'm making shitloads on MAID, wasn't even watching.
guessing people are dumping cryptos to buy ETH atm, and having sold at a profit and retained a few 'free' ETH, they'll buy back the cryptos they sold. alts are gonna be interesting in 2016.

>> No.1121794

>>1121787
>the only way it will stabilize is if the value tanks
Or if the very small percentage holding all the ETH is actually a part of the development team and decides to sell in chunks over the course of the release of the phases. Then it will go up and down, but in a general upward direction. After the full release of the project, the ETH will be traded by consumers, developers, and companies.

Or, it could happen like bitcoin and crash. But it will happen only after it blows up to an incredible price and then the price after it crashes will not be as small as it was before the rise.

>> No.1121801

How long does it usually take to send eth from polo to a wallet?

>> No.1121804

>>1121748
>Kraken
Kraken over ShapeShift?

>> No.1121812

>>1121794
>will happen only after it blows up to an incredible price
I will take "highly speculative and totally unsubstantiated claims" for $500, Alex.

>> No.1121825

>>1121812
How about "historically-backed and completely logical claims"?
Bitcoin is the only other cryptocurrency that has been pushed as hard as ETH and that is exactly what it did. It is logical to believe that ETH will follow the same course if it is managed in the exact same way. It will either be steady growth or explosive growth followed by a crash.

>> No.1121832

>>1121825
Wahahahaha. Wew lad.

>> No.1121854

>>1121832
Oh look its the nocoiner who says "wahahaha" when stumped.

>> No.1121863

>>1121804
I have never used ShapeShift, I have no idea.

>>1121832
>Wew lad.
I have just been stumped by the inherent power of this argument. I concede the argument to you, o ascended master! Please do not destroy me with the glorious rays of correctness radiating from your body!

>> No.1121864

>>1121854
Stumped? Nah bra. I couldnt do anything but laugh there when he said "historically backed" in relation to cryptocurrencies. These markets do whatever the fuck they want whenever the fuck they want. There is no historical basis to determine future results. Its mind boggling how stupid you guys are. So stupid, in fact, that sometimes I am at a loss for words.

>> No.1121868

>>1121832
What are you going to do with your monstrous gains? How will you live life when you became a billionaire because you bought some eth?

>> No.1121871

>>1121863
>I concede
Please do so. I dont know if I can stomach any more of your bullshit.

>> No.1121879

>>1121864
There is a historical basis in that buttcoin's market cap is 6.5 billion dollars. If Ethereum replaces buttcoin (which it will), that value will transfer over to Ethereum.

>> No.1121881

>>1121456
>This won't act like shitty stocks. It will go on forever!
Are you quoting every scummy stock broker ever?

>> No.1121884
File: 70 KB, 555x672, lamboairdrop.jpg [View same] [iqdb] [saucenao] [google]
1121884

Too late for you suckers, my lambo airdrop is on its way.

>> No.1121885

>>1121879
Wahahahaha
>broscience

>> No.1121889

>>1121885
Stay poor :^)

>> No.1121891

http://www.financemagnates.com/cryptocurrency/trading/ethereum-skyrockets-now-bigger-than-all-other-altcoins-combined/

nocoiners on suicide watch

>> No.1121905

>>1121891
Monero is on +17,5% for the last 24h tho

>> No.1121912

The thing is those idiots won't even learn from this, because their 50$ neetbux they spent on eth doesn't have a big impact.

>> No.1121913

>>1121891

>NEW altcoin worth more than all other altcoins combined! All of which were worth as much as the NEW altcoin at some point not so long ago.

How is this evidence in your favour exactly?

>> No.1121917

It's so much easier buying bitcoin through coinbase and then trading for ether through shapeshift if you are in the UK, Kraken makes you pay through international transfer which costs about a tenner and can take at least 4 days to get into your account.

Just buy bitcoin on coinbase, you pay about 1% more than the sell price but that's a tiny mark up anyway, you need to buy ether in the dip.
Use the link below for free $10 worth of bitcoin for me and you ;)

https://www.coinbase.com/join/56cb5f34ee24354f56000349

inb4 shill

>> No.1121937

>>1121891
http://www.newsbtc.com/2016/03/03/r3-cev-compares-five-blockchain-service-providers-for-banking-purposes/

the last test had 11 participating banks using ethereum for a distributed ledger experiment

THIS TIME 40 banks participated in a fixed income trading experiment which is virtually every participating r3 bank and every major bank in the world

GET REKT YOU FUCKING IDIOT DISMISSIVE NOCOINER PLEBS

>> No.1121939

>>1121937
hurr no no, just a hump a dump!!! DURR I will stick to my S&P Index, slow and steady wins the race....right guise...ritee/????

>> No.1121943

>>1121937
Thats nice, Jimmy. I just hope you dont get too butthurt when you realize this is just testing and that no bank would actually use the Ethereum network. They are testing multiple existing blockchains so they know what code to uee for their own. Be smart. Dont be a dumddum.

>> No.1121955

>>1121597
>XMR
>24hr Change
>+21.83%

>ETH
>24hr Change
>+13,8%

>> No.1121956

>>1121943
you are a massive fucking retard. stop pretending you have ANY idea what the banks are going to do

1. you don't understand the technical reasons why the banks are even looking at ethereum

2. you clearly have no idea that the banks are making ZERO effort in creating their own blockchain technology. they are looking to adopt

3. you don't realize that the banks are basically children having their hands held by developers like mike hearn (who is very positive on ethereum)

>> No.1121959

https://blockchain.info/unconfirmed-transactions
>18143 Unconfirmed Transactions
bitcoin is about to explode. it can't cope with this shit

>> No.1121972

>>1121956
Lmao @ you. There isnt even the tiniest amount of possibilty that banks will be using bitcoin or ethereum blockchains for their ledgers. Its so far beyond the realm of possibility that you should feel shame that the thought entered your head. You dont because you are a clueless idiot. You believe everything you read on coindesk and react like the nice little bagholder they want you to be.

>> No.1121978

XMR is really going for it

>> No.1121989

>>1121972
>lmao xD

the guy who made hydrachain which is what the banks used in their tests is in constant talks with bank developers so that they can use it. the idea is then to have this system interoperate with the public chain

you know what, fuck it. I don't even care if I end up changing your mind. you're just some dismissive fuckboy that knows nothing

>> No.1122007

>>1121989
>things that will never happen
You are one delusional c u c k

>> No.1122615

>>1121972
i literally saw an interview on bloomberg with jp morgan lady who invented the CDO's that caused the 2008 crisis about the company she started that uses blockchain technology to build systems for banks. They had also made a deal with the australian stock exchange to develop a new backend for them.

>> No.1122619

>>1122615
"Blockchain" being the operative word here. Not Ethereum not Bitcoin.

>> No.1122636

>>1122619
Yeah, ethereum is the market leader in "blockchain".

Ethereum is the most technologically advanced and secure blockchain currently in existance and now has enough money and developer momentum to maintain that bleeding edge of development in perpetuity.

>> No.1122637

>>1122636

>trying to convince someone with no foresight

Just let him sit there coinless.

>> No.1122639

Is there any coin service that won't take 5+ business days for bank deposits to clear?

>> No.1122640

>>1122636
>Yeah, ethereum is the market leader in "blockchain"
Ehhhhh. Even if thats true, which its not since Bitcoins marketcap is 10 times the size, it still doesnt mean that banks are going to use Ethereum. If they were they would specifically say they were.

>> No.1122644

>>1122637
>confusing foresight with blind faith that an open source blockchain protocol will be THE protocol that all banks and businesses use
Seems legit.

>> No.1122645

>>1122640
Bitcoin is not capable of running code on it's blockchain. It is also in a development deadlock so it will never be capable of doing so.

A number of very nuanced things are what makes blockchains useful and special 1. Byzantine consensus 2. Decentralisation of security 3. Censorship resistance

all three of those things are an anathema to centralised control. If a company like mucrosoft tried to make a censorship proof blockchain they would be shut down by the courts in the blink of an eye.

If microsoft tried to control a blockchain it would no longer be decentralised or have byzantine consensus rendering it weak and hackable.

This means that ethereum is the only way. Sorry nocoiners. Ibm and microsoft wont be making a blockchain just like a dolphin can't use chopsticks

>> No.1122647

>>1122645
Sounds like a lot of buzzwords that dont mean shit. If they couldnt do it then they would pick a shitcoin to latch on to. Seems like they think its possible without doing that. I think I trust tech giants over a random shill on a lithuanian eyebrow threading forum.

>> No.1122651

>>1122647
What words do you consider buzzwords? I assure you, every word i used means an actual thing

>> No.1122666

I'm holding 50 and probably going to buy 50 more tonight, but what scares me is how damn many there are out there sitting in cold wallets. This isn't a 10-dollar bitcoin opportunity when there are so many more eth, more like a 50 dollar bitcoin opportunity. Gotta put allot in to get allot out when this goes "big" (100 USD).

>> No.1122667

>>1122651
For example you used "byzantine consensus" twice. Bitcoin is byzantine resistant too. "Decentralization of security" is also something Bitcoin is known for. "Censorship resistant" is the attribute of anything decentralized so I dont even get what your point is. I'm not advocating Bitcoin, I'm just pointing out all the buzzwords you used could be said about virtually any blockchain, just not Ethereum. Any extra features can also be replicated by any blockchain.

>> No.1122669

>>1122666
If you think bitcoin market cap is theupper limit you're thinking too small.

I hold way way more than you. And I am not planning to sell until this is being applied in the real world. 1 - 2 years.

I didnt invest in this to make a quick buck i invested in this to make the decentralised internet an actual reality. Maybe you need to think about what you want our future world to look like.

>> No.1122672

New to this coin stuff. Is the wallet address created by ethereumwallet.com safe to permanently store my coins? Or do I need to transfer them into a paper wallet?

>> No.1122678

>>1122667
Yeah if your reading comprehension was worth two fucks you would have noticed that i said those were the things that made blockchains special.

What makes ethereums blockchain better than other blockchains is it's turing conplete programability. Bitcoin can do +1 and -1. Ethereum can do IF loop False True etc. Which makes it infinitely useful.

>> No.1122679

>>1122669
>decentralised internet
There already is one. Its called Tor.

>> No.1122680

>>1121455
Good thing I have $5k in it then.

>> No.1122685

>>1122678
Then wtf is your point idiot? I thought you were explaining why banks HAD to use ethereum for their blockchain which is comical. Its like you think that Ethereum somehow has a stranglehold on all future blockchain tech. It isnt even propeietary code. It can be replicated.
>inb4 b-but muh devs!

>> No.1122763

>>1122672
they dont store any of your coin, you're fine

>> No.1122776

>>1122679
Nope.

>>1122685
My point is, a centralised entity cannot create and control a thing which relies for its usefulness in being decentralised and censorship proof.

>> No.1122780

>>1122763
Thanks!

>> No.1122781

Why is shapeshift better than kraken? kraken seems easy to use, shapeshift seems scary. Does kraken jew you on fees? I have $100 worth of bitcoin transferring into kraken for my first ever ETH purchase.

>> No.1122786

from the 0.2% trade charge, busoni (polo owner) has made $52,000 today on ETH alone.
fuck.

>> No.1122788

>>1122685
You also don't know what "blockchain tech" actually means. You have proven this because you think it's a buzzword.

You also think it's possible for a centralised entity to control a "blockchain" but this is impossible. A centralised entity controlled blockchain is merely a database. Which is nothing new.

You, along with most tech journalists and media people and the CEO's of major companies don't actually understand what a blockchain is and how it is used.

Never mind. ethereum will demonstrate it for you real soon

>> No.1122791

>>1122776
>nope
Nice argument faggot.

>a centralized entity can not
I dont really put any credence in what you are saying at all. Youre some random shill that is saying that all the blockchains that central banks and tech giants are developing is not real. Youre also saying that Ripple, which is centralized, really doesnt have banks already integrated into its network. This isnt even me arguing with you. I'm telling you flat out that it has already happened. Banks are not going to be using the Ethereum blockchain. Straight up. I dont know any clearer way to say it to get past your close minded thinking.

>> No.1122795

>>1121455
Fuck that sounds so good. I have 3000 to invest. You're saying I could make 30000$(if the prediction is true) without having to do shit?

>> No.1122801

>>1122788
I didnt say that blockchain tech was a buzzword. I said all the rest of the bullshit you were spewing which can be applied to ANY blockchain was buzzwords that you dont even understand. You just throw out words because it "sounds technical". I can gaurantee you that I understand blockchain tech considerably more than you do which is why you are so upset someone is calling you out on your bullshit.

>> No.1122802

This shit is stressing me out

>2 months ago Eth is @ $2
>decide to try and mine having never done anything with crypto before
>after hours and hours I manage to install Geth, sync and start GPU mining
>have my wallet, have my address. All good.
>Start mining, GPU running @ 100%
>"Sweet, it must be mining
>Leave it on overnight and come back next morning
>balance big red "0" eth
>after all that bullshit decide it's clearly beyond me and give up

and now i can't be bothered figuring out how to buy bitcoin in dollarydoos. I feel so defeated.

>> No.1122808

>>1122802
Take your time. Step by step.

>> No.1122817

How the fuck do I trade my bitcoins on my coinbase account to poloniex so I can use my bitcoins to buy ETH? I made a poloniex account, but I cant figure out what to do. Their FAQ sucks.

>> No.1122818

>>1122801
Cool man i cant be bothered to argue because we had the same argument before on this forum. Go and invest in ripple and microsoft if you are so sure of your statement. Because if they pull off what ethereum is trying to do then they will have trillion dollar market caps.

>> No.1122823

>>1121640
Buy them!

>> No.1122827

>>1122802
how many were you expecting to mine? find a mining calculator online. it'd take weeks/months to mine 1 ETH via GPU.

>> No.1122831

>>1122818
No crypto will have a trillion dollar marketcap. Blockchains are open source. They arent meant to rape people for their money.

>> No.1122836

>>1122831
The money will be owned by the people who own ETH. Not some central corporation.

ETH is a currency. Not a corporation

>> No.1122837

>>1122827
At the time the calc said about 48hrs i think with my GPU? I didn't expect to mine 1 eth, but i was of the understanding there were lower denominations and that i could check those. I didn't want to leave it mining full-time for a week only to find it was in vain.
So I won't see any progress until 1 full Eth is mined?

>> No.1122842

>>1122837
>So I won't see any progress until 1 full Eth is mined?
i dunno, i never mined it. i just thought maybe you were expecting to wake to several.

>> No.1122845

>>1122837
Dude if you are lucky enough to get a block reward its 5 ETH.

And with your shitty machine it would probably have taken a week or 2 of solid mining.

If you want fractions you need to join a mining pool

>> No.1122848
File: 38 KB, 938x322, Screen Shot 2016-03-03 at 6.26.47 PM.png [View same] [iqdb] [saucenao] [google]
1122848

I DID IT ?biz/ I FUCKING DID IT!!

Friday I was at work and I was reading about this shit and I made decision to go in. It took a few days to get money into my coinbase account, but today I was able to buy $100 USD worth of bitcoin instantly, and I just transfered it over to kraken and used it to buy 10 ETH. So I now I own 10 ETH worth $92.45.

>> No.1122850

>>1122836
How much Ether is really needed to run an app? The marketcap can be a fraction of what it is now and work towards its intended use, which is basically no use at the moment.

>inb4 its in beta
Thats what we always heard from the bitcoin camp. "Just wait! When this thing becomes mainstream and more used then you'll see!", but it never happened because the entire market was based on speculation and not much practicality. Ether is at that stage and has a tremendous amount of competition right now. I dont know why you guys are so overjoyed that all the major companies are looking into blockchain tech. They are not looking into it because they love ethereum so much, no they are looking to compete against it. How do you not understand this?

>> No.1122852

I have 209 ETH, should i buy more when there is another dip or just buy more even tho it's 8/9 euro ?

>> No.1122854

>>1122845
Ok that makes more sense.

>>1122808
Just bought my first BTC, wasn't hard at all. Now i have an account with Poloniex. So i should be able to use my address to deposit into Poloniex, then trade it for Eth right?

You know what this means right? Normies are now trading Eth

>> No.1122857

>>1122852
Where were you when it's $8.7 each just now?
You had missed the dip.
Try again tomorrow same time.

>> No.1122859

>>1122857
>tfw it fucking dipped right when I had to go to class in the morning

>> No.1122862

>>1122848
High five

>> No.1122869

>>1122857
I bought 209 at 4.3 eu, i did not realise 8.7 was the dip im a fucktard. Anyway when i have the chance to buy it at 8 should i ?

>> No.1122870

>>1122869
Probably. Anything under $10 will seem cheap very soon

>> No.1122871
File: 205 KB, 1193x941, Untitle3d.png [View same] [iqdb] [saucenao] [google]
1122871

>>1122802
coinjar bro

>> No.1122872

>>1122859
Same here i was at work.

>> No.1122873

>>1122869
> at 8
Kek, It's never gonna happen.
If it will ever drop to as low as 8.
I won't even invest in this memecoin.
even 8.5 is just a possibility.

>> No.1122875

>>1122870
Alright, thanks.

>> No.1122882

>>1121466
>time the market
just buy the dip senpai

>> No.1122884

crash within 2 days. probably tomorrow. no way is it gonna carry on like this.

>> No.1122885

Howmuch do you guys have?

>> No.1122886

>>1121258
fuck. this first paycheck needs to come in so i can spend it all on ETH.

>> No.1122928

>>1121756
polo has margin accounts

>> No.1122942

>>1122837
Join a mining pool and you'll get consistent returns. I earn .1 ETH every 8 hours. It's not much, but if the price shoots up, I'll be happy I had done it. My computer is on anyways so I might as well.

>> No.1122960

>>1122886
Just gonna say this

If you are waiting for your weekly paycheck to buy In you shouldn't .


You shouldn't even buy in.....


Do you even have a emergency fund yet?

>> No.1122965

>>1122942
Howd you find a pool to join and how does it decide who gets what returns?

>> No.1122967

>>1122960

>he thinks buying eth isn't an emergency

lel stay poor

>> No.1122985

>>1122967
You guys better hurry the fuck up because ethercuck is going moon in 5...4...3...2......

>> No.1123456

>>1122850
Man you are such a retard.

>> No.1123466

>>1122873
It will never go as low as 8 haha, it's 8 now mate

>> No.1123499

>>1121258
Are you ready to buy the dip, boyo?

>> No.1123502

>>1123499
Are u welsh pham?

>> No.1123720

>>1123456
Just be happy and buy some ethercuck.

>> No.1123988

There's going to be sideways movement at $9.50 for a little while. Sub-$10 ether will be available for at least a few hours. After that nothing is guaranteed.

10 days until Homestead.

>> No.1124156

>>1121748
>Debit to Circle to Kraken
Do I need to go through circle?
Can I just go Debit -> Kraken -> ETH
What's with all the hoop jumping like going from USD -> BTC -> ETH
I understand ETH ->BTC -> USd but not the other way, why not buy ETH directly? Is there a waiting period for Kraken to deposit?

>> No.1124231
File: 8 KB, 180x180, 1453756843707.jpg [View same] [iqdb] [saucenao] [google]
1124231

>>1123988
mfw

>> No.1124234

>>1124156
another anon just made a thread about buying ETH

>> No.1124235
File: 8 KB, 184x184, snek2.png [View same] [iqdb] [saucenao] [google]
1124235

>>1123988
Can I borrow your crystal ball?

>> No.1125026
File: 244 KB, 562x611, buterin.png [View same] [iqdb] [saucenao] [google]
1125026

>>1121258
OP here
I finally got in.
I'm in $2500 dollarydoo's

I'd like to thank Coinjar. I'd like to thank shapeshift.io. I'd like to thank based moongod Vitalik Buterin.

>> No.1125028

>>1125026
congrats. dont forget to sell on march 14

>> No.1125030
File: 101 KB, 725x483, 1457016929682.jpg [View same] [iqdb] [saucenao] [google]
1125030

>>1125026
welcome to the club brother

now we wait for free money

>> No.1125031

>>1121258
Im literally looking at lambos right now. Holy shit when this thing reaches 100 Im gonna freak.

>> No.1125134

>bought 214 ether in the last two days from cash>bitcoin>ether

This better not be a joke.

>> No.1125175

>>1125031
What color is your Lambo gonna be?

>> No.1125202
File: 313 KB, 1041x734, mememagic.jpg [View same] [iqdb] [saucenao] [google]
1125202

>>1121455
I'm up 10k profit and growing all within a month. No coiners stay poor this is free easy fucking money

>> No.1125225

>>1125031
>thinking of buying a lambo as soon as you can afford it
you still have a poorfag mentality.

re-invest every penny and then get a Bugatti when you are able to afford 10 Bugattis.

>> No.1125233

>>1121439
same.

I could have bought a house right now if I had dropped all my money on this

>> No.1125250

how do I move my btc to kraken/poloniex from circle?

zz

>> No.1125256

>>1125250
For polo, on upper right there's "Balance" Click it then go "Deposite & Withdrawl" then search for bitcoin, there should be "generate address" That's your bitcoin address for polo.
From circle, send bitcoin to the generated address.
I wouldn't recommend you buy it now. People will dump it when nearing homestead. You should buy it after homestead. march 13. So just put the btc there and ready for the dip when it comes

>> No.1125313

>>1125256
thank you. its more clear now.

>> No.1125319

>>1125031
>reaches 100

Kek that'll never happen. Maybe 30 tops

>> No.1125342

>>1125319
100 is possible if it replaces bitcoin

>> No.1125371

>>1122965
I'm using this one

https://ethereumpool.co/

If you google you'll find a few others. They pay out based on the amount you contribute to the group as a whole. They know who to give what because your client supplies your address. If you click on stats you can scroll down and see all of the miners and on the miner page you'll see the amount they contribute and all of the wallet deposits.

>> No.1125403

So when's the next dip?

>> No.1125406

>>1125403
Current price is the lowest it will go.

>> No.1125407

>>1125406
but it already went lower

>> No.1125412

So this is just bitcoin 2.0 right? And you guys are betting on it totally replacing bitcoin which will mean it will go up in price a shitload similiar to what bitcoin did?

>> No.1125413

>>1125412
Yep, exactly.

>> No.1125415

>>1125413
Okay. And what is homestead? The price on Ether will dip after that and I should buy then, correct? Do I really have to buy with fucking bitcoins?

>> No.1125419

>>1125407
What chart are you looking at. It's currently doing fine

>> No.1125422

>>1125415
Read about homestead on reddit.com/r/ethereum

You can buy with USD or EUR on kraken.com

The price after homestead might drop a bit or raise further. We will see.

>> No.1125424

>>1125419
I'm saying it already was lower than its current high and saying that it will never dip below it is silly

>> No.1125427

>>1125422
Thanks man. How would an Australian buy?

>> No.1125437
File: 40 KB, 875x568, how bubbles work.png [View same] [iqdb] [saucenao] [google]
1125437

>> No.1125453

>>1125424
Well, it could easily never dip below the current price. For instance a lot of the prices on the way up were never seen again.

>> No.1125463

>>1125437
Facebook stock?

>> No.1125476

>>1125427
coinjar

>> No.1126283

>>1125342
>if it replaces bitcoin

hahahaha

>> No.1126323

>>1125422
price will be at $20 when homestead releases.

>> No.1126333

>>1125437

We haven't even hit the first sell off yet

>> No.1126888
File: 39 KB, 465x576, CGdMbJvWwAA-hb-.jpg [View same] [iqdb] [saucenao] [google]
1126888

>>1125437
>yfw we're still in stealth mode

>> No.1126979

>>1126283
Bitcoin has gone to shit with the 1h+ confirmation times because of the greedy chinese. Ethereum has lots of potential as it has more uses then just a digital currency. BTC will never get its shit together so outdated technology will soon be replaced with something better

>> No.1126983

I suspect we'll see some sideways movement here at 11 for a day or so.

>> No.1126988

>>1126979
I fucking love it. I remember when you guys were saying bitcoin was the technology of the future and the future of money and now you're saying its outdated even though ethereum ripped off the idea of the blockchain from bitcoin. You are fickle as fuck. In a year you are going to say smart contract cryptos are outdated and dinosaurs when you jump on some other hype train.
>inb4 "but I was never really into bitcoin!"
Bullshit.

>> No.1126993

>>1126988

>tech doesn't advance

Are you a fucking baby boomer?

>> No.1126999

>>1126993
>bitcoin will be the next reserve currency!
This was the consensus of bitcoiners on /biz/ last year. This is how all the ethereum posts on this board sound to me.

>> No.1127046

>>1126988
Blockchain is the technology of the future, bitcoin is sort of a test run. The developer of bitcoin handed it over to people who are just interested in making a profit with transaction fees. Ethereum has a strong development team behind it, lots of funding and has a face behind it unlike satoshi . Also like I said before its not just a currency, look into the technology behind it and what its capable of

>> No.1127087

>>1127046
Eh its ONE technology of the future but blockchain tech is incredibly general. I can see it having real world use once you remove the speculative currency apsect of it but until that happens anyone who uses it is going to have strong inclinations to hoard it instead. The curse of bitcoin wasnt that it couldnt be used as an anonymous form of payment, it was that most people who bought it flat out refused to use it in that regard for fear they might lose out on a pump. Greed is a powerful motivator and the motivation was for bitcoin to sit in wallets until people either decided to cash out their profits or cut their losses if they were down.

Even right now, millions of dollars a day and being spent trading ether and not even the tiniest portion of that is being used towards powering decentralized apps. It hasnt caught on even though there are decentralized apps that already exist. You suffer from the same problem that is killing bitcoin, mainly that ether has no practicality. It is hard and laborious to buy, it is privacy restrictive with KYC regulations and it takes forever to convert. Find me a cryptocurrency that does what ether and ripple do and that also has stability and confidence that it will keep its value you might have something. Right now its still a broken concept.

>> No.1127119

>>1127087
Its literally still in beta, homestead (stable release) releases this month which will encourage more dapps. The only value bitcoin holds is speculation but more so because of drug markets which are getting outdated with high vending fee, shutdowns, the 1h+ btc transactions. Once a decentralized silk road type dapp releases there its a guarantee chance of the price shooting up and as more people start using that instead bitcoin will become obsolete. And unlike bitcoin ethereum has so much more potential, if ethereum could be used for a lot the price would already be sky high and you would of missed the rocketship

>> No.1127130

>>1127119
>price would already be sky high and you would of missed the rocketship
You totally just proved my point without intending to. Pretty much everyone who buys ether thinks like you. You want to buy low and sell high. Why would you actually spend ether on decentralized apps if you think the price is going to skyrocket? You wouldn't because that would be dumb, right? The speculative nature (volatilty) is going to kill the possibility of any real world use. If there is no real world use, ether will just sit in wallets until the transaction volume begins to shrivel up. When the transaction volume declines then it begins to stagnate. Every dip will be a little deeper and every peak will taper off faster and not reach the same levels. Its a catch 22. Greed is the thing that will ultimately kill ethereum.

>btw drug markets are whats still keeping bitcoin alive

>> No.1127155

>>1127130
Literally the only thing people spend bitcoin on are drugs from darkmarkets and maybe buying porn passes cuz they dont want to use their credit card name
Bitcoin has been sitting at around $300 for like a year so thats really not that volatile, gold and other currencies change too. Once ethereum gains a lot of momentum it will eventually settle especially after the switch to proof of stake
I don't know why your so upset from greed and making money, this is fucking /biz/

>> No.1127312
File: 16 KB, 124x112, image.jpg [View same] [iqdb] [saucenao] [google]
1127312

>he didn't buy the dip

>> No.1127332

>>1127087
You know nothing of Ethereum.

>> No.1127334

>>1127130
You don't know how Ethereum works.

>> No.1127337

>>1126988
You can own bitcoin AND Ethereum. You sound like an impetulant teen that thinks he knows what's best for everyone.

>> No.1127583

>>1127155
>Literally the only thing people spend bitcoin on are drugs from darkmarkets and maybe buying porn passes cuz they dont want to use their credit card name

Exactly. You just made my point again. No normal person cares about anonymity. The only ones who do are usually going to be people buying drugs. Even among the people that WOULD use this, a lot don't out of fear and greed that the price goes up again and they miss out on a pump. It makes the niche even smaller. Its an absolute terrible currency because of all the speculation and volatility. Very few people "spend" bitcoin.

With ethereum, look at all the people in a panic right now that they cant buy ether fast enough. Most people that know about ethereum are cryptonerds that MIGHT care about decentralized apps but none of them are going to use ether because their interest only lies in making money. Why would they use it on apps if they think the value of ether is going to skyrocket to the moon? Do you think these people are rushing to buy ether in a panic so they can spend them in the network? Hell no. Again, it makes the niche uses even smaller. Ethereum suffers from the same problem that made bitcoin stagnate, extreme speculation with a little utility thrown in as an afterthought.

>>1127332
>>1127334
Kek.

>> No.1127605

>>1127583
>backbone for a new Internet architecture

>'little utility'

>> No.1127606

>>1127583
You're just repeating the same empty points.

Your argument can be applied to any traded asset such as stocks. Most stocks pay no dividend and they also rely on "greater fools" to buy them at a higher price. Do you think anyone would own shares if they didnt go up in price? Ergo your whole argument is built on thin air.

>> No.1127627

>>1127605
The answer is B

>> No.1127636

>>1127606
Yes most stocks are heavily manipulated as well. I don't think people realize how much insider trading and collusion goes on in the stock market. If they did there would be an extreme lack of confidence across the board. Your normal stock investor is as clueless as they get. If this is going on with something as regulated and scrutinized as securites that are backed by earnings reports and recorded revenue, imagine the cryptocurrency market which has no real revenue or documented uses? Your whole ethereum marketcap is based on "hey... do you think it will go up?". There is nothing to base a marketcap estimation on because there is no way to determine a consumerbase. Its as arbitrary as it gets.

>> No.1127743
File: 2.02 MB, 533x300, 1437369397106.gif [View same] [iqdb] [saucenao] [google]
1127743

>>1125453

>> No.1128635

>>1127583
Like bitcoin ethereum will eventually hit its peak in a big pump (after a bunch of good daps come out and people start using it for darkmarkets) then correct the same way bitcoin did, from there you can spend it as you like on dapps and shit without having to worry about missing out on huge gains. Or no one is stopping you from buying ETH then instantly spending it on a dapp, can just leave speculation and holding up to investors since you hate making money

>> No.1128704

How do you buy ETH when you live in New York? Nothing allows me to.

>> No.1128706

>>1128704
Use a proxy then go on shapeshift.io

Alternatively use bittrex

>> No.1129404

ETH to 0.03 in a couple days. Nocoiners will be in tears