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File: 180 KB, 398x499, ronpaul.jpg [View same] [iqdb] [saucenao] [google]
1129162 No.1129162 [Reply] [Original]

Where were you during the 2016 Ethereum Massacre?

This ride starts now.

>> No.1129171
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1129171

Listen very carefully.

Some of you have money in there you cannot afford to lose.

Some of you have never lost a lot of money before.

If you have credit long right now, and you aren't willing to take a total fucking total cuck 18-years raising another man's baby loss...

...it might hurt, but you know what you have to do. And maybe I'm wrong. Maybe I am.

I am, after all, slightly short right now. So take this warning with a grain of salt. But think carefully about your next move, noble NEET.

>> No.1129174

>>1129162
March 9th to the moon!

>> No.1129184

>>1129162
The price stucked between $10-$11.
>It's Massacre guise!!
>Cuck Cuck Cuck!!!
>SELL SELL SELL!!!

Come on, if u wanna bait.
Prepare a better bait.

>> No.1129188
File: 167 KB, 1483x662, all ogre.jpg [View same] [iqdb] [saucenao] [google]
1129188

What a massacre

>> No.1129193
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1129193

>>1129188
damn we took a hit

>> No.1129195

Its just getting started.

>> No.1129198
File: 28 KB, 623x91, uh.jpg [View same] [iqdb] [saucenao] [google]
1129198

whoops

>> No.1129224

Just a flesh wound. Probably the lisk twats selling the small amount of ETH they managed to scab during their ICO. Back to normal soon.

>> No.1129246

is it going to shit ? should i sell all my ether? i may be able to come out even still

>> No.1129255

Sell it all, this is going to the core. Terminal dump incoming.

>> No.1129257

>>1129246

short term, maybe

long term, no

>> No.1129259

>>1129257
Thats cute, you still believe ETH is going to replace BTC

>> No.1129261
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1129261

>>1129259
>yfw it does

>> No.1129265
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1129265

>>1129261
>yfw it doesn't

>> No.1129271
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1129271

>>1129265
Russian guy controls drone using ethereum smart contract
http://youtu.be/V_3rcP2Duv0

>yfw

>> No.1129345

0.231.

The first wave of liquidations has begun.

>> No.1129350

>>1129345
Sorry bro. You're about to be crying again in a couple days time :.(

>> No.1129354

http://www.newsbtc.com/2016/03/06/ethereum-knocks-on-wall-street/

>> No.1129356

>>1129162
I just went long, we got this

>> No.1129357

CANT WE BOTH BE FRIENDS :(

BTC & ETH TO MOON

>> No.1129358
File: 6 KB, 792x69, ethercuck.png [View same] [iqdb] [saucenao] [google]
1129358

IT CANNOT BE STOPPED

SELL BEFORE IT FALLS TO 4$ AGAIN

>> No.1129361

>>1129162
sold 2k at 11. thanks for eating my shit

>> No.1129363
File: 5 KB, 591x69, ETHERCUCK2.png [View same] [iqdb] [saucenao] [google]
1129363

>>1129358

its dissapearing in front of my eyes

>> No.1129364

>>1129358

No better time to buy ETH. Too many retards who don't understand it's potential are treating it like any other crypto by pumping and dumping. You don't think ether exchanges, ethereum coming out of beta, dapps like slock or augur releasing aren't going to increase it's value?

>> No.1129365

Market manipulation is a crime.
Also don't antagonise the shills pls.

>> No.1129366

>My money is tied up in bpay transfer
fuck i hope this dip holds and doesn't rebound too fast i want to BUY THE DIP

>> No.1129368

>>1129366
don't worry you'll be able to get in on the "dip"

>> No.1129373
File: 6 KB, 594x79, ethercuck3.png [View same] [iqdb] [saucenao] [google]
1129373

>>1129364
>No better time to buy ETH.

buying during the dump is better than buying after the dump?

l m a o look at this panicky ethfag, look and point fingers at him and laugh

>> No.1129378

>>1129358
>>1129373

Said the guy who thinks it's going to hit $4

>> No.1129387

>no fixed cap

DUDE

>> No.1129420

TUMBLING

>> No.1129421

LMAO

>> No.1129448

Tbh senpai it's fucking over, these nignogs love fucking you cucks who blindly think theres unlimited fuel in a shillcoin rocket. Sell now if you want to minimalize any more loss.

"Ethereum Has Fallen"
Coming soon to a theater near you

>> No.1129452

>>1129448
but are you shorting?

>> No.1129460
File: 464 KB, 1159x732, DIP_vs_no_DIP.jpg [View same] [iqdb] [saucenao] [google]
1129460

Pic related.

>> No.1129466

>tfw reality hits and you realize you put all your money in Internet funny money

man I am stupid

>> No.1129477

>>1129466
'In the 1980's, the broadcast news was gospel and Internet news was a sketchy joke. In the 2010's, fiat is gospel and cryptocurrency is a sketchy joke.'

No one could have expected the social media revolution, who knows what's around the corner for crypto. I'm of the opinion that now more than ever since a smartphone is in the hands of almost all of the developed world, that the moment you can buy and sell goods anywhere with a crypto faster, more securely and with no centralised fees people will be interested. We aren't there yet but with the rate of evolution in tech, especially phone apps, it could fast become reality.

>> No.1129530

>>1129477
>everyone in the developed world
Actually smartphones are used in developing nations as well. I think Kenya uses a variation of crypto currency all across the country so that they can limit theft.

http://www.coindesk.com/bitcoin-and-m-pesa-why-money-in-kenya-has-gone-digital/

>> No.1129534

>>1129466
>>1129477
I regret listening to everyone who said Bitcoin was a scam and will never takeoff, all I had to lose was maybe $30 when they were $1 a pop.

I am fully willing to lose 100% of my investment on this much like I am with all my investments, I'd much rather lose some money now than not gain a lot of money later.

>> No.1129542

>>1129534
Don't worry. You will.

>> No.1129543

>>1129373

its already going up again you cuck.
Just day traders seeing that it didn't go up by 20% everyday the last 2 days decided to sell.

see u on Wednesday, I got 1700+ units of those bad boys bought at 6usd

>> No.1129544
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1129544

>/biz/ gambling instead of working off of insider information or sound planning that works regardless of specific situtations
Wew lad.

>> No.1129546

>>1129530
That is not a crypyocurrency that is just a paypal type system. But yeah, lots of developing countries use smartphones

>> No.1129548

>>1129544
And why do you think I invested in Ethereum? Do you think I gamble? I certainly don't

>> No.1129574

>>1129548
Speculating on ethereum is 100% gambling. Not only that but your odds aren't great.

>> No.1129578

>>1129574
What if I know information that massively pushes the odds in my favour. Information that I'm not at liberty to tell anyone because of where I work?

>> No.1129579

>>1129578
Then your reading comprehension is shit.

>> No.1129584

>>1129579
Your retort doesn't make sense. Please point out what piece of writing I'm failing to comprehend

>> No.1129597

>>1129578
>b-but I have insider information guys!
Kek

>> No.1129608

I like how all the Ethereum posters committed suicide so there's no more of their spam threads.

>> No.1129617
File: 69 KB, 640x492, prepare-your-anus_o_1330031.jpg [View same] [iqdb] [saucenao] [google]
1129617

Prepare, ETH longs.

>> No.1129621

>>1129578
you're probably RPing but I want to believe

>> No.1129624
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1129624

>>1129597
>yfw soon

>> No.1129629

>>1129624
>believe me!
Kek. Don't you have something to do like asking your mom to pick up more Mtn Dew from the store?

>> No.1129632

>>1129629
Sorry i dont live in shitty america. We don't have "mom's" or "mountain dew" in "stores" here.

>> No.1129633

now would be a good time to buy, you stupid faggots. not when people are crying because they can't get their buy orders in fast enough

BUY THE FUCKING DIP

>> No.1129637

>>1129632
Ok go ask your mum to buy you a spot of tea then :)

>> No.1129646

>>1129171
quiet in the peanut gallery!

no one needs to hear about your daytrading shenanigans

remember to buy and hold and ignore daytraders

>> No.1129679
File: 117 KB, 1024x749, spurdo_sparde_vector_by_kevinino-d6ehtjk.png [View same] [iqdb] [saucenao] [google]
1129679

BUAY DUH DEP

>> No.1129686

>>1129679
Prepare your anus

>> No.1129708

What exchanges do u guys use? Poloniex? Newfag here

>> No.1129712

>>1129708
You can use poloniex

>> No.1129723

>>1129708
I use circle to buy BTC with $USD$, transfer BTC to blockchain.info wallet, then use poloniex or shapeshift to purchase other cryptokeks.

I use myetherwallet and mist wallet for ETH

>> No.1129725

>>1129271
where can I find more demonstrations of these practical uses

>> No.1129730

>>1129725
Youtube
Ethereum subreddit

>> No.1129732

>mfw they didn't buy the dip
Sucks because my fucking bitcoin didn't clear in time for me to buy either...

>> No.1129745

>What is/Why Ethereum?

Put on your comprehension hat
https://www.youtube.com/watch?v=YKvbGhcXVLc

>> No.1129746

>>1129745
http://www.ethereum-101.com

>> No.1129749

>>1129646
>hold cuck coins

More likely to make money holding your dick.

>> No.1129837

>>1129732
it's still dipping

>> No.1129846

>>1129837
it's at $10.42

hopefully it drops back to 9 or so, buy the dip y'all

>> No.1129849

>>1129846
Looks like a soft landing. There is no bad news that would cause it to crash. Apart from hurr durr look at my drawing of a bubble which was what they said at the top of the peak 3 weeks ago.

>> No.1129850

So, how many of you ETH heads have kicked your habit before the coming reckoning? If you're still margin long, prepare to feel the long dick of the bears.

>> No.1129854

>>1129850
>feel the long dick of the bears
kek

>> No.1129859

>>1129849
Keep telling yourself that :)

>> No.1129861

>>1129849

Except if some of the devs and early adopters decide they want some quick millions.

I'm basically at the price I bought in now. =\

Oh well, I know it's going up in the long term. I just wish I could call these sell offs.

>> No.1129865

>>1129850
God I love you guys. Sometimes I feel like I am alone and this board is totally shit until you show up.

>> No.1129867
File: 302 KB, 828x1403, 1438698077660.png [View same] [iqdb] [saucenao] [google]
1129867

Got about $500 in right now.

I'm not even worried desu.

>> No.1129883

>>1129867
same, have put in $650, down to about $600 after all the fees and small losses yesterday. putting in another 400 once faggot coinbase clears

>> No.1129885

>>1129861
If you have that little faith maybe you should sell your ETH to someone who wants to buy it

>> No.1129899

>>1129883
Fucking coinbase I swear. Could have bought at $9.50 but likely won't clear until Wednesday...

>> No.1129912

>>1129867
My Kraken account is still being verified with $2500 in it... 5 days man.
>baka senpai

>> No.1129916

>>1129883
>>1129899
>>1129912
use circle to buy BTC, verification is fast and when it clears you can buy instantly, I have totally abandoned coinbase.

>> No.1129928

"New Paradigm!"
"Going to replace Bitcoin!"
"$100 incoming"

This is your final warning, ETH heads. Get out while you still can. Shits about to crash.

>> No.1129929
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1129929

>>1129912
So basically these services, like coinbase and Kraken, they can take as long or as little as they want to convert your actual money into magic fairy dust, and vice versa, basically allowing them great opportunity to manipulate what's going to their maximum profit.

There's really nothing you can do or say about it, is there? And this, my friends, is just ONE of the things that can go wrong with this sure fire get rich investment sca^H^H^H plan. Beware.

>> No.1129932

contemplating throwing down a grand on this

fuck it

>> No.1129936

>>1129928
Long term trends trump short term trends. It's called a dip for a reason. Do you even patterns?

>> No.1129937
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1129937

>>1129364
>who don't understand its potential

tell me broke man, what is its potential?

other than devaluing actual money

>> No.1129938
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1129938

>tfw kraken verification is taking a year

>> No.1129939
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1129939

>>1129937
Go look up some Dapps, check out my image.

>> No.1129941
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1129941

>>1129899

You're gonna be fucking glad it didn't. Get your hand written thank you letter ready to Mr. Armstrong.

>> No.1129944

>>1129936
Yes. "Bubble" is a clear pattern.

>> No.1129949

>>1129578
>What if I know information that massively pushes the odds in my favour.

If you had that information, you would be spilling it already, pushing the price of your initial investment.

>Information that I'm not at liberty to tell anyone because of where I work?

you don't even know how an inside of a workplace looks like you dumb NEET

>> No.1129968 [DELETED] 
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1129968

>mfw just bought at 0.025

>> No.1129981

Who /buying the dip/ here?

Lot of potential profit to be made off panic sellers

>> No.1129982

>>1129899
for real, what fucking good is instant buy if they limit you to $100 to start

>> No.1129994
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1129994

>>1129944
this same thing happened a few weeks ago, it will rise again and higher than last time.
>>1129981
i did, bought at .225 feelsgoodmang
>>1129982
use circle, way better

>> No.1129999
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1129999

>>1129994
>>1129944

>> No.1130001

Kraken takes way too long to transfer money from my bank account, I hope I won't miss the dip

>> No.1130004

>>1129944
Double dubs confirms.

>> No.1130008

>>1129999
>>1129999
>>1129999
QUADS GET

>> No.1130018

>>1129994
same thing, limit starts at $300 weekly until theyvapprove a request to raise it, just joined 4 days ago so they prolly won't

>> No.1130023

>>1130018
better than $100 limit at coinbase

>> No.1130025
File: 126 KB, 599x773, capitulation.png [View same] [iqdb] [saucenao] [google]
1130025

The only question you gotta ask yourself is: are you gonna sell now during the initial 'fear', or hodl all the way to full on capitulation?

>> No.1130030
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1130030

Jesus..

>> No.1130036
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1130036

>>1130025
When are you gonna buy the dip?

>> No.1130042
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1130042

>>1130036

As soon as my shit fucking clears which should be any fucking year now.

>> No.1130052

>>1130025
I'm going down with the ship

>> No.1130060

> tfw we might have hit peak ETH

>> No.1130066
File: 146 KB, 728x409, DH.jpg [View same] [iqdb] [saucenao] [google]
1130066

>>1130025
No, the only thing you gotta ask yourself is: do you feel lucky?

Well? Do you punk?

>> No.1130076

>>1130066
No. Absolutely not. Short ETH and walk away, it's practically free money at this point.

>> No.1130082

>>1129885

When a dev decides to sell 5% of his stash and make a quick million to pay bills it doesn't matter how much faith you have. There's GONNA be a short term correction.

I could've sold at 11 and change and bought back and made easy money. I'd be selling at a loss now. That's what I'm bitching about..

>> No.1130097
File: 230 KB, 318x482, vb.png [View same] [iqdb] [saucenao] [google]
1130097

>>1129162
Well, how do you know what they even spend it on? Is there some kind of oversight or accountability on the ones who stand to profit the greatest? How do you know they're NOT spending it on hookers and blow?

I'm sorry, but this dude looks like a drug addict to me. I'm not saying he is, I wouldn't know that. Just sayin.

>> No.1130103

>all these cucks losing their minds over early-crypto volatility as if it's at all surprising.

If you had any sense you poured in a few hundred $ when ETH was very cheap and intend to hold for several months.

Otherwise, please shut up.

>> No.1130125

>>1130103

Seriously there was multiple people on subreddits/ethereum forum saying the price was going to go down to 0.023/0.022 a couple of days ago.

>> No.1130129

>>1129994
>$300 is "way better" than $100

No. Circle is slow and worthless. I only fuck with libertyx

>> No.1130130

>>1129246
Yes, goy. Sell now that it's low.

>> No.1130142

When people first starting hyping ETH it was about what it could be 6 months/1 year from now. It was about investing and holding.

>> No.1130189
File: 301 KB, 1024x700, lmgQfDu.jpg [View same] [iqdb] [saucenao] [google]
1130189

All this shitposting is making me paranoid. Should i sell or hold?

I got 750€ in ETH

>> No.1130194
File: 31 KB, 256x256, 1429521353454.jpg [View same] [iqdb] [saucenao] [google]
1130194

>tfw crash down to $3
>then meteoric rise to $1000

>> No.1130197

>>1130189
Sell it now while you still can, recoup any BTC possible. ETH is not the new Bitcoin, and its now in the terminal stages of a bubble where it went up over 45x in value.

>> No.1130206

>>1130197
>implying any coin wouldn't have to go through a period of massive growth to reach a reasonable price following it's release

>> No.1130221

hey at least it didnt literally crash, currently the market is piggish(bearish for you american pholks)

>> No.1130237

>>1130221
Yet.

>> No.1130272
File: 145 KB, 1200x900, AAEAAQAAAAAAAAfPAAAAJDJhNTYxNDYxLThiZGYtNGMwNi1iMDYyLTVjOWZiMWE2ZTNmMw.jpg [View same] [iqdb] [saucenao] [google]
1130272

>>1130097
He looks like an autist from russia

>> No.1130314

So, how many of you ETH heads took my advice and got out, and how many are waiting for the "Fear" or "Despair" phases to capitulate? Don't be shy, let me know how big your bags are, and how much this hurts.

>> No.1130321

>>1130082
Dude, you bought it like a week ago. The devs get paid in it and theyve spent three years of their lives working on it. They deserve to cash out in to hookers and blow. You just keep holding. Your moon days will be here soon enough.

If you don't have the guts to hold through a bit of trolling while the price declines you should sell your coins to someone who wants to buy them

>> No.1130325

>>1130189
Of course you should hold. You'll only be crying with all the other weak hands next week when the price shoots back up past the all time high

>> No.1130339

>>1130325
Look everyone, this guy still has hope!

>> No.1130344
File: 112 KB, 1080x1533, 6a46f70473cdce62e34544e2af5db9ae.jpg [View same] [iqdb] [saucenao] [google]
1130344

>>1130325
Thanks amigo. Time to stop being a punk ass bitch.

>> No.1130346

>tfw u are a bag holder

always do the opposite of /biz/

>> No.1130349
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1130349

ETHfags on suicide watch

>> No.1130354

>>1129162

ALL IS LOST IT'S OGRE

Still, took a $500 punt at $2 ETH so I'm riding the train all the way to hell/moon.

>> No.1130355

>>1130346
there should be a sticky, just with those words on this site

>> No.1130378

>>1130339
Your tears will be so sweet when the price goes over $50.

>> No.1130381

>>1130354

Same. I bought ETH to see where it would be 6 months from now and when dapps start picking up traction with their marketing.

>> No.1130396

ETH will skyrocket when articles about slock and augur come out in the future. But that requires looking further than a week down the road which almost nobody here seems to be able to do.

>> No.1130397
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1130397

This board is full of panic sellers. Excuse me while I laugh at your misunderstanding on investments

>> No.1130450

>>1130397
Go all-in long, I dare you.

>> No.1130453

>>1130450
Why would you not?

>> No.1130469

>>1130453
I'm all-in short right now, what kind of sucker buys here?

>> No.1130479

>>1130469
Why do you think ethereum is going to depreciate against BTC? Are you having crack cocain on your cornflakes at breakfast?

>> No.1130493

>>1130479
Well I mean, I'm up 8BTC so far, been shorting since 2750. ETH is about to swan dive.

>> No.1130496

>>1130493
Why? Is there some bad news about ethereum that I'm not aware of?

>> No.1130514

>>1130496
Both Poloniex and Kraken ran out of margin to borrow at .031, at the same time. We're in a credit crunch, new highs aren't going to come unless there's more credit pumped into the system. Which I doubt, after this absurd bubble. But hey, maybe this time is different, and ETH can reach new highs. Don't count on it though.

>> No.1130528
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1130528

>>1130514
I think its gonna go sideways for a little while. But I don't think the price will collapse for any reason.

I don't think people are buying ETH on margin. It's shorts who need to borrow.

And the buyside is looking like pic related so I don't feel very panicky.

In fact since this is the largest daily red dildo to ever appear on the chart theres a better chance of the next one being green dude

>> No.1130535

>>1130528
When we're below 0.02, get back to me.

>> No.1130541

>>1130535
I don't think you fully understand why ethereum is gaining so much traction bro. This isn't justanotheraltcoin™ This is bitcoin 2.0.

Sorry if you're labouring under misaprehensions

>> No.1130546

>>1130541
Keep telling yourself that.

It's a new paradigm! It's going to replace Bitcoin! 1000x returns! ICO!

Man, you ETH heads are something else.

>> No.1130551

>>1130541
Considering bitcoin turrned out to be a shitcoin I agree with you. This is bitcoin 2.0 and its already at the peak of its hype

>> No.1130559

>>1130551
>$400 dollars out of literally nothing is a shit coin
If I go from $10 per ether to $400 you think I'd complain? Get the fuck out of here.

>> No.1130570

>>1130559
>$400 dollars out of literally nothing is a shit coin
Yes thats pretty much my exact point. Out of literally nothing just like any other pyramid scheme.

>> No.1130573

BUY ETHER NOW @ .022

>> No.1130574

>not selling at the max then shorting
lmaoing @ you're life

>> No.1130578

>>1130546
Well if one trick pony bitcoin can do $400 bucks after 6 years. Then ethereum which has infinite applications can do what? $infinite?

Bitcoin is yesterdays news bro.

>> No.1130585

>>1130578
>infinite applications
>that already exist in other forms
Nice.

>> No.1130589
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1130589

>>1130570
>I don't understand the technology so it's made up

>> No.1130590

>>1130585
Bitcoin has one application: sending money
And ethereum is even better at that. Stay mad

>> No.1130598

>>1130589
If you dont understand it then why are you shilling it? Thats silly

>> No.1130599

>>1130585
>he isn't interested in a file sharing network that can literally never be taken down by dmca or any other shit
>he doesn't know that banks are tired of getting hacked and want a secure way to make their transactions that's impossible to fuck up

>> No.1130606

>>1130598
>I don't understand the cultural meaning of green text
Is it summer already?

>> No.1130608

>>1130590
>mad
Such a simple word yet the use of such word confuses even the most brilliant of minds such as yours.

>> No.1130609

>>1130599
No he'd rather be a bagholder of a coin completely controlled by a laggy chinese mining cartel that causes transactions to take 45 minutes for 3 confirmations.

>> No.1130612
File: 36 KB, 709x765, 608.jpg [View same] [iqdb] [saucenao] [google]
1130612

who /bagholder/ here?

>> No.1130616

>>1130606
If you dont understand the cultural use of greentext then why are you using it?

>> No.1130618

>>1130599
>banks are getting hacked
Holy shit is this the 80s? Kek

>> No.1130619
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1130619

>>1130608
This sounds like you're complimenting me but I think you meant to insult me. I'm just confused now.

>> No.1130621

>>1130599
Also the file sharing network that cant be taken down exists already on Tor.

>> No.1130624
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1130624

>>1130599
>immutable ledger
>impossible to fuck up
>MFW

>> No.1130625

>>1130619
No trust me im definitely complimenting you ;^) No sarcasm at all.

>> No.1130632

>>1130618
Do you not watch the news? Nobody's cyber security is to the level they want you to think it's at.

http://m.huffpost.com/us/entry/jpmorgan-hackers-largest-bank-breach_us_56420d62e4b0307f2caef1ab

>> No.1130645

Would dapps have a dedicated dns entry or would it be a tor type situation where you can only hit it using a special browser?

>> No.1130658

homestead is already out... eth price correcting itself, it went up to fast too much

>> No.1130671

>>1130632
"Hack" is a misleading word. Most professional "hackers" will tell you that it takes at least 6 years with the absolute most sophisticated hardware to be able to break the current cryptographic standards and perform a brute force attack on banks central severs, in which time detection systems would spot you immediately. This was more a case of collusion and bribery of bank officials and managers who had access to specific information.

>> No.1130676

>>1130671
Exactly. And with ethereum all of those cucks can get fired and replaced with the ethereum network that will handle the contacts and securely transfer funds. Because social engineering isn't possible on a robot.

>> No.1130680
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1130680

>>1130658
You ain't seen nothing yet m8. If you think $1billion market cap is the top you're gonna be suprised.

If you look at google trends you'll see what I mean

>> No.1130683

>>1130671
As a side note one of the "hackers" also ran coin.mx which is an illegal bitcoin exchange used to launder money and manipulate holdings.

>> No.1130684
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1130684

>>1130680
And for comparison

>> No.1130686

>>1130676
>implying banks can run on autopilot any more than bitcoin exchanges can

>> No.1130687

>>1130686
It's not auto pilot. It's removing weak links that only slow down the process. There can still be overseeing but those overseers can't see any of the important details of the transactions taking place.

>> No.1130693
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1130693

>>1130684
And for a comparison with a couple of shitcoins over the last year

>> No.1130700

>>1130687
>doesnt know even the public can see transactions taking place since the blockchain is public

>> No.1130703
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1130703

Number of ethereum addresses now over 100k and increasing almost vertically

>> No.1130704

>>1130693
Put ripple and bitcoin on there and filter for "all time".

>> No.1130715
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1130715

>>1130704
If i put bitcoin in it makes the other two look like almost a flat line with a little uptick for ethereum at the most recent point

>> No.1130720

>>1130715
Exactly.

>> No.1130723
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1130723

>>1130704
Here's ethereum compared to bitcoin. Seems like ethereum has a long way to go before it reaches bitcoin levels of public awareness.

>> No.1130728

>>1130720
Exactly what? What do you think the price of ethereum will be when it reaches the same level of public awareness as bitcoin had at it's height?

>> No.1130734

>>1130723
Bitcoin, being the first of its kind was pretty much forced on the public. I'm not sure you can draw an accurate comparison and say "since ethereum isn't well known when it becomes well known it will be pumped to bitcoin's level". I dont think thats how it works.

>> No.1130742

>>1130734
Im aware that nothing in this world is certain. But the level of disruption ethereum is capable of causing eapecially to bitcoin itself and also other industries is sure to make it newsworthy. And it's recent bull market and run up in price is sure to be reported on and attract the attention of speculators.

>> No.1130751

>>1130728
Not what you think. You are drawing a correlation where there is none. Ripple exceeded ethereums marketcap once and then crashed but it has a fraction of the awareness that ethereum has now. Bitcoins awareness was caused by the $1000 price, not the other way around.

>> No.1130753

Another indicator is the number of physical meetups worldwide is rapidly gaining on bitcoin while bitcoin is falling.

Also the number of developers working on ethereum both within the core team and in the wider open source community has already overtaken bitcoin.

And the number of full nodes (an indicator of network strength) is due to overtake bitcoins by next month (already 70% and growing)

>> No.1130759

>>1130751
As you can see from the graph of bitcoin google searches they correlate extremely well with bitcoin price. Wether one causes the other is up for debate. All I can see is they corrolate extremely well.

>> No.1130769

Thread theme:
https://www.youtube.com/watch?v=r_WoiScXS20

>> No.1130770

When ethereum makes it into the mainstream consciousness there will be a flood of speculative money looking it get onto the ground floor of this hot new thing.
A lot of it will mistakenly be due to assumptions that it's "the next BTC", but why it comes in is irrelevant. All that matters is that we're ready to dump when it hits "new paradigm" levels and we all make bank.

No one gives a shit after that.

>> No.1130771
File: 188 KB, 407x192, cucktales.png [View same] [iqdb] [saucenao] [google]
1130771

>>1130769
You are wrong.
This is the one and only theme:

https://www.youtube.com/watch?v=wM1pBGxmclc

>> No.1130777

>>1130759
Just for Bitcoin. Again, Ripple has exceeded ethereums marketcap before with only a fraction of ethereums awareness. You are trying to make a case that awareness = greater price but there really is nothing to support that. Do the same thing with any major company and you will begin to see that newsworthiness isnt always good. Chipotles awareness peaked a couple months ago but that was because it had a health scare. You are drawing a flimsy correlation that is not there.

>> No.1130780
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1130780

>>1130771

>> No.1130786

>>1130770
You are implying that this MUST happen. There is a pretty good chance that ethereum never makes it into mainstream consciousness and even if it does people will probably label it as "another bitcoin" which has kinda faded into some obscurity now, and steer clear this time.

>> No.1130788

>>1130777
True. Bitcoin did get in the news for all the wrong reasons but it didnt stop speculators from buying in to it.

You cannot compare a cryptocurrency to a stock because the barrier for entry is so extremely low for cryptocurrency. Anyone can buy some. You don't even need a bank account. All you need is an internet connection.


I was also not aware of chipotle because it's not even a thing in the UK. See? Cryptocurrency is global. Unlike stocks of american companies anyone in the world can buy them easily.

>> No.1130795

>>1130786
Maybe. But so far it seems to be gaining some traction in the media. everyone ive spoken to in real life has been genuinely interested when ive talked to them about it and many ask me how to buy it. Especially when i tell them the price is going up and it's similar to bitcoin.

>> No.1130798

>>1130788
>anyone in the world can buy them easily
Yet cucks believed that march 9 will pump the price up.
kek.

>> No.1130800

>>1130788
>didnt stop speculators from buying in to it.
Past tense. A lot of those people lost a lot of money since bitcoin didnt really reach public awareness until it was $800+. Do you think the same people will buy in again? Maaaaybe. The way I look at it cryptocurrency had its shot and is already being regarded as a fad by normies. Now another crypto comes along which may or may not reach the same awareness and people are going to automatically think of bitcoin. I just dont see it having the same amount of hype. Try explaining the practicality of it to mainstream people. Its hard to even explain it to tech savvy professionals.

>> No.1130801

>>1129364
>I buy stocks when they're falling
>I am a successful investor

Choose only one

>> No.1130803

>>1130798
No. Only you believed that. I have been telling everyone to ignore march 9th because a tiny indian exchange with about $6000 daily volume beginning ETH trading is going to have zero effect on this market.

>> No.1130808

>>1130795
>I tell them the price is going up
So you pretty much lied to them? You dont know if the price is going up or not. In fact, this could be the absolute peak.

>> No.1130810

>>1130801
>I wait for the price to go up vertically instead of buying when it's down in an obvious bull market so I miss the dip

>> No.1130812

>>1130808
It has gone up hugely. It is still in an uptrend despite falling for 1 day.

>> No.1130820

>>1130800
From the bottom of my heart the best advice I could give you is to get some ETH. I have studied this thing from top to bottom from inside and out.

Unlike the rest of the altcoins the people behind this project actually know what they're doing and unlike bitcoin they are actually capable of organising a piss up in a brewery.

If you get an ETH wallet and post the address with the same ID I will send you some ETH so you can see how simple it is to play around with.

>> No.1130822

>>1130812
Trends mean nothing in a market as volatile as this market is. What you dont seem to understand is that this is 100% unpredictable. Past performance does not determine future results. Tomorrow people can begin to panic that the price isnt going back up and sell on a whim or maybe a big whale cashes out because he wants to purchase another house in Tahiti which snowballs into a total selloff. This market is based on sentiment alone and emotion drives most of it. Its fully out of your control. You can't predict the future any more than anyone else can. For you to tell someone "its going to go up" with such confidence, that is deception and you are doing it because you fear that it could go down.

>> No.1130823

>>1129867
I put $500 in too. Now I'm taking my $4300 and walking away.

>> No.1130841

>>1130820
>unlike bitcoin they are actually capable
I dont deny that these are capable and talented devs. Some of the devs are connected directly back to bitcoin. For you to say that bitcoin devs are incapable is a copout. They developed the entire technology that ethereum is trying to build on. There would be no concept of proof of stake or proof of work without them and certainly no blockchain. The reason you dismiss bitcoin so easily is because you realize that it is a flawed system that is losing ground. You are trying to distance yourself yet ethereum is bitcoin. Even Vitalik doesnt know how the transition to proof of stake is going to work since the network is less secure when people stop mining. There are still tons of kinks to be worked out.

>> No.1130847

>>1130841
Ethereum is not based on the bitcoin codebase at all, it's entirely new software. It merely takes ideas like blockchain and POW (even though it will swith to POS) from bitcoin.

I'm not talking about the coders and software devs. I'm talking about the people behind those people, the organisers, the corporate backers, companies like consensys. They have ex goldman sachs employees and well connected people from wall street working for them. And they have a slick marketing department. This is what puts Ethereum head and shoulders above bitcoin imo

>> No.1130851

>>1130823
Enjoy your still quite small amount of money. If you were capable of delaying gratification you would have been able to buy a house.

>> No.1130887

>>1130847
I never meant to apply that ethereum took bitcoins code, just most of its concept.

I get what you're saying about ethereum being backed by corporations. Its a good thing. I am not denying that. I have been studying cryptos since the early days of bitcoin and have seen this before though. When Ripple Labs was first created it was given most of its seed money from google ventures and andreesen. It had a strong connection to the banking industry and the CEO they chose was the former CEO of Prosper which is the largest p2p lending site. It has been around almost as long as Bitcoin. The rumors that it had strong ties to Bank of America and Wells Fargo was confirmed later. Using their banking connections, angel investors and IPO (sound familiar?) they were able to secure 3 banks onto the Ripple network. They also have tons of employees that are ex-federal reserve bank executives, compliance experts and a top notch marketing team. With this they were able to exceed a billion dollar marketcap at one point which was unprecedented for an altcoin.

So the real question is... what happened to Ripple? Everyone realized at some point that XRP (the network tokens) did not need to have much value at all for the network to function correctly. The same can be said for Ethereum. Nothing really justifies a need for ether to cost $10 / token. Even if it goes mainstream, which it might never, ethereum can function even if ether was a fraction of that. The normal laws of supply and demand dont apply here because the tokens go in and out simultaneously when they are actually used and not hoarded. If people did hoard ether on a massive scale then the network would be less used and suffer decay. Its a catch 22.

You can point out specific reasons why ethereum SHOULD go up in price it really doesnt hold any weight in the long run. These markets are very new and very misunderstood. Expecting them to behave in any rational way is unwise.

>> No.1130888

Gonna put 400€ more in ETH

>> No.1130889

>>1130801
Kek most retarded shit I've read on 4chan in the last 3 months. You are going to stay poor my friend.

>buying stocks

>> No.1130895

>>1130851
That guys understands "smart money" . Over 800% gains ? Just fucking walk away.

I'm holding onto 230 ethereum, waiting for the $12 price mark to dump for some gainz.

>> No.1130901

>>1130887
Gas costs are variable and likely dependent on difficulty. Basically a way to keep the costs from getting so high that nobody would be able to afford a dapp running.

>> No.1130903

>>1130887
You cannot compare XRP to ethereum its a totally different kettle of fish.

First of all, the available supply is XRP is hundreds of billions last time i checked. While the supply of ETH will end up being under 100million.

Secondly. XRP is a centralised system. Ripple labs have the ability to reverse or block transactions at whim. Ethereum is a decentralised blockchain based on byzantine consensus.

Thirdly this conversation is starting to sound familiar.

Can i ask did you invest in XRP?

>> No.1130906

>>1130895
Smart money would realise that ethereum is fundamentally undervalued as fuck right now and be buying ETH with both hands.

>> No.1130907

>>1130901
Thats fine. I dont doubt that. It still doesnt justify that ether NEEDS to be $10 each though. Again, they can be a fraction of that and the network can operate fine since ether is almost infinitely divisible.

>> No.1130913

>>1130903
Supply doesnt matter. We are talking marketcap here. I wont have the "centralized vs decentralized" debate with a libertarian. It goes nowhere.

>> No.1130919

>>1130907
>ether is ever harder to come by as difficulty gets higher
>they manipulate gas prices in such a way that small applications can run but expensive operations will still run through it
>large entities buy up ether like mad to meet their needs
In an environment with no dapps it's stable around $10. When we actually have use for ether including fuel and transferring to bitcoin as currency you honestly think it'll stay low? Not saying it'll go to $400 or $1000 but certainly higher than it is now.

>> No.1130921

>>1130913
Its not about libertarianism. It's about what constitutes the technosocial concept of "blockchain".

I argue that ethereum conforms to the definition of a "blockchain" while ripple does not in important ways.

I argue that this is what makes a cryptocurrency have value over other cryptocurrencies and competitive vis a vis the existing systems.

>> No.1130925

>>1130919
"They" can't manipulate shit.

Gas prices are set by individual miners. Miners can set whatever gas price they want and not process transactions that dont meet that price

Its a free market™

>> No.1130928

>>1130919
>they manipulate gas prices in such a way that small applications can run but expensive
One of my points. Nobody would use it in this case. Ether HAS to be relatively cheap or nobody would use it. Again, its a catch 22.

>> No.1130933

>>1130925
Even better. So we can all collectively come to the agreement that ether should progressively go up in value until we meet a point where I'm filthy rich but people are still willing to use ether.
A true free market®.
So why wouldn't ether go up when dapps exist?

>> No.1130936

>>1130921
I disagree. This would be a long drawn out debate that I dont want to get into right now.

>> No.1130941

>>1130925
Right now while it is PoW. Once it is PoS this is an entirely valid argument.

>> No.1130951

>>1130469

How do you even short ETH? It's hard as hell to buy I figure there aren't many options availalble.

Not that I would, just curious if these guys are talking out of their asses

>> No.1131038
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1131038

>>1130528
>I don't think people are buying ETH on margin. It's shorts who need to borrow.

>And the buyside is looking like pic related so I don't feel very panicky.

>> No.1131040
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1131040

IT'S TANKING

>> No.1131043

>>1131038
Still cool as a cucumber here

>> No.1131054

>>1130887

Very valid point here.

I still need to catch up on all the concepts Ethereum plans to implement and then theorize about how this'll affect the demand/prices of ETH, but in your opinion, what kind of behavior can you expect with a certain degree of certainty?

>> No.1131076

>>1131040
Wow, who could have predicted that???

...Oh wait, this is a thread on ETH crashing. OP delivered, OP is a prophet!

>> No.1131102

>>1130612
aye did not see a dip like this coming waiting for the next wave

>> No.1131130
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1131130

Awwww SNAP.

>> No.1131158

>>1131130
OP is a prophet

>> No.1131160

the fuckin way she goes.

>> No.1131183

>>1131054
I see ethereum reacting to all the news fairly naturally. When Microsoft offers Ethereum BaaS (blockchain as a service), its going to cause some hype because of Microsofts reputation. Very predictably it has brought in new money and caused a price increase with the announcement of MS involvement. Fundamentally, however, ethereum has not changed just because Microsoft puts a stamp of approval on it. After the hype wears off the price will retract until there is some other news to cause people to get excited again. This has been the same formula for every crypto including bitcoin. Rumor then news then hype articles then price increase then drop. If you can buy early enough after news is announced there is money to be made on the pumps. The best thing to do is set a google news alert to certain keywords that clue you in early to when announcements are being made. You only have a certain window of opportunity to make money with each crypto, though, until people start becoming immune to positive news and planning exit strategies.

There was a point with Bitcoin where even a huge merchant like Overstock accepting Bitcoin was not enough to revive the price. It is just as well because last year Overstock reported bitcoin losses again in Q4. People just are not actually "spending" bitcoins. The majority of people who bought them are speculating on them. I think I did a calculation based on all merchant sales with bitcoin compared to the daily transaction volume and the amount of bitcoin used for purchases was less than 1%. I see the same thing happening with ethereum unless there the price stays relatively low or even lower. If ether is too expensive to use on apps then most of the transaction volume will be from speculation, not real use. This can stall the network.
.

>> No.1131184

>>1131183

Ultimately, I am not telling you not to buy. Just a word of caution to not believe that this MUST rise. If it was me and I was up 1000% on my investment I would take the money and get out. I know some of you say "I am in it for the long run, I don't care if I lose it all" but you should care. 1000% ROI is huge. My advice is to not get greedy. This thing can turn on you really quick. This is not Bitcoin. Even Bitcoin isnt Bitcoin anymore. The perfect storm that created that bubble is long past

>> No.1131200
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1131200

ABANDON SHIP ABANDON SHIP

Get out while you still can! Will rebuy at $5

>> No.1131201

>>1131183
You fundamentally dont understand the relationship between ETH the token and "gas" the internal unit which powers the processes and transactions involved in DAPPS.

Whatever the price of ETH, a DAPP transaction will always cost the same low price because gas/ETH price is set by a market of miner consensus.

Your lack of understanding of the ethereum platform protocols is causing you to miss out on the biggest investment opportunity of your life.

>> No.1131206

>>1129584
Read his original post, retard.

>> No.1131277

>>1131201
>miner consensus
Since you are so knowledgable how do you not know this goes away with PoS stage?

>> No.1131398

>tfw i'm at breakeven now

What do?

>> No.1131408

>>1131201
Ya hear that everyone? It's all of us who haven't bought into etherm yet who have the most to lose, not the people who have already bought it.

Make sense to you?

>> No.1131412

>>1131398
buy ETH

>> No.1131528

>>1131398
Dump it now, buy back in when it falls to $8.

>> No.1131603

>>1131277
Because it will be an entirely new conensus algorithm.

It will be tested before it is rolled out. To make sure it's bug free. But when CASPER does what they say it can do it will become the new standard for cryptocurrency and proof of work will be outcompeted.

>> No.1131607

>>1131398
>I'm at breakeven now

Don't lie to yourself like this. You're not at anything if you it's all unrealised gains/losses.

>> No.1131797

>>1131200
>buy high sell low
Nah. If anything I'll double down at $5

>> No.1131803

>>1130528
>Thinks the order book reflects the actual distribution of supply and demand

Top cuck

>> No.1131833

>>1131797
>implying ethereum will reach $5
you guys amuse me Microsoft, a few banks and german car company already looking into it.

>> No.1131845

Fasten yout seatbelts! Next stop: Moon!

>> No.1131877

>>1131833

Yep. http://www.coindesk.com/german-utility-company-turns-to-blockchain-amid-shifting-energy-landscape/

>> No.1131949

>>1131603
I have read about Casper months ago and what I gleaned is that it will bring a high level of centralization along with it. It works smiliar to Ripple where there are select validating nodes that can censor blocks with the bonding transactions of other validating nodes. You run into issues with this just like any other centralized validation system where a coalition of nodes can essentially control 100% of the bonded stake. Although it is costly (talks about forgoing bonding fees and economic sanctions) to refuse other validators permission in the set, I doubt it is costly enough.It would have to be more costly than the potential gain from 67% control of Ethereum and the ability to double-spend. Instead of having the risk of miners with advanced hardware taking 51% control of the network, with Casper you run the risk of validators with access to vast web servers taking even more control. Uliltimately this was always going to be the solution to the flaws of PoW, giving up some level of decentralization. Its the exact same conclusion that Ripple came to years ago and they were derided harshly by crypto "purists" for it because it is not fully trustless.

>> No.1132011

>>1131949
Couple questions:

How do you know so much about ethereum but have not bought any?

What do you think killed Ripple?

>> No.1132020

>>1131949
POS actually allows for far more decentralisation. It totally removes POW obvious flaw of centralisation around mining hardware manufacturing.

It means anyone can run a full node on a raspberry pi. And they will. So it's clear that you know nothing of what you speak.

>> No.1132024

>>1132011
>How do you know so much about ethereum but have not bought any?
I read reddit.com/r/ethereum a lot and watched YT vids

>What do you think killed Ripple?
Centralisation

>> No.1132044

>tfw work at Citi and have to make a rec on investing on Eth or not

I don't even understand what this shit is. Help me anons.

>> No.1132061

>>1132044

Invest in Monero or nothing at all, if you like keeping your job.

ETH has no reason to be this high.

>> No.1132066 [DELETED] 

>>1132020
>didnt understand a single word of anything I posted
>doesnt realize that even Vitalik has said that centralization is an issue with Casper

>>1132024
This is not me.

>> No.1132070

>>1132044
>Works for citi.
>Comes to 4chan to ask questions.

Fuck off to r/ethereum and watch some devcon1 videos

>> No.1132071

>>1132061
>Monero
>Literal BTC clone with all the same problems
kek

>>1132061
>ETH has no reason to be this high.
It obviously has a reason. Cry harder nethercuck.

>> No.1132195

>>1130820

0x58962881893d4682db58a7D42D5D40A91E9502bb

I'm waiting bro.

>> No.1132224
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1132224

>>1132011
I have been interested in crypto for a long time. I first heard about crypto probably mid 2011 when Bitcoin rose to $30. I saw a few posts on /b/ about it. I started mining later that year on a gaming laptop (didn't know that was a bad idea at the time), and mined less than 1 bitcoin and a few litecoin then totally forgot about them and lost the private keys. I didn't revisit Bitcoin until about mid 2013. At that point, I was taking bitcoin that I bought from MtGox for around $100/coin and selling them on ebay for a ridiculous markup. This was before they changed their policies on cryptocurrencies and pushed them to the classified sections. Luckily, I kept no Bitcoin or money on MtGox. I cashed them out immediately or transferred them to a wallet. Even after ebay and paypal took their cut and losing bitcoin to chargebacks, I still made really good money. I didn't hold any Bitcoin longterm because I don't really gamble. Anyone who even knows a slight bit about crypto markets knows that there is extreme market manipulation on every level. These markets are entirely unpredictable to your average joe-blow crypto "investor". They can turn on you in a whim. I don't care what anyone tells you but nobody knew Bitcoin would balloon up to $1000 like it did except maybe insiders at MtGox and the creator of the willybot.

After Bitcoin crashed I started selling XRP on ebay and made a killing so I decided to sell dogecoin and LTC too. If you had bought XRP at any time in 2014 on ebay, there was a 90% chance it was probably from me. I eventually stopped selling there because the competition lowered the prices so much that I wasn't making money anymore so I decided to take advantage of arbitrage between exchanges. I am 100% sure that I knew about Ethereum before any shill on this board. I signed up for the newsletter before they even announced the presale (pic related). That's how I know about ethereum because I have been following it since the beginning.

>> No.1132232

>>1132020
>>1132070
>>1132071
Why are you guys so angry and aggressive? You know that we can have a civil conversation about this without attacking each other?

>>1132020
Nothing that I said was inaccurate. Even Vitalik and Vlad agree that the only way to make PoS work is a system like Casper which is more centralized.

>>1132024
This is obviously not me.

>> No.1132255

>>1132011
Sorry I didn't address your second question. To be honest, the devs killed Ripple. Wells Fargo was researching about how to used a closed version of Ripples consensus system when a disillusioned Jed McCaleb who was the founder didnt like the direction that Ripple was headed and decided to dump his holdings of XRP and tank the price. This caused a shitstorm of controversy and bad press which made Wells Fargo ultimately pull out. It just goes to show how quickly things can go sideways.

>> No.1132274

Can someone send me a few ETH to test account and transactions?
d4fee857eb928effe5bd2c8c11a2fd8694d80bbd

>> No.1132277

>>1132274
>I need about three fiddy
How about no.

>> No.1132278

>>1132277
Then just the smallest amount transferable.
Pretty please.

>> No.1132279

>>1132278
No loch ness monsta I ain't givin you no tree fiddy

>> No.1132291

>>1132224
Ok so if you knew about Ethereum 2 years ago why did you not participate in the presale? I don't get it.

>> No.1132295

>>1132255
But microsoft has invited Ripple into their little sandbox project, along with etherm and several other pieces of shit.

So you're in good company there.

>> No.1132301

>>1132291
It was a conscious decision not to. Yes there was the possibility that the price of Ether goes up but there was also a real risk that it could go down too. Hindsigjt is 20/20. Ether didn't even really start rising in price until the r3 and Microsoft announcement. I don't buy cryptos to invest in them. It's too risky and the markets are too corruptible at this stage. I am more looking at opportunities for arbitrage. Every crypto crashes at some point. I dont want to be on the business end of that shotgun when it does.

>> No.1132306

>>1132295
It doesn't really mean anything that Microsoft embraces Ripple or Ethereum. They just want to be on the cutting edge of blockchain tech so that they can eventually profit from it. They don't care if any of them succeed or not because there is no vested interest. They are in it purely for the intellectual property.

>> No.1132366

>>1132224
This is a crazy ass post. Its so crazy that I almost want to believe it. Dude... how much money total did you make selling shitcoins on ebay? Can you still make money? What if I bought some Eth just to sell on ebay?

>> No.1132397

>>1132044
>tfw work at Citi and have to make a rec on investing on Eth or not

really? bullshit. I want details

I'll give you a compelling argument

>> No.1132399

>>1132397
Come on. Of course he's not from Citi.

>> No.1132401
File: 9 KB, 297x448, 1449982173043.png [View same] [iqdb] [saucenao] [google]
1132401

>>1129162
>Le trendy new shillcoin
>falling for pump n dump
>1000+1016

>> No.1132404

>>1132399
welp. I do know that Citi is sponsoring a lot of blockchain conferences and is actively looking into this so there's a very small chance

>> No.1132425

>>1130951
kraken lets you short eth

>> No.1132429

>>1131949
you are objectively wrong

>> No.1132433

Mindless Bitcoin FUD is over, we are back to going up. Time to dump all alts.

>> No.1132434

>>1131949
You can't reinveint the wheel. Satoshi hit some sort of speed of light limit with PoW. Everyone looking for a better way to run a cryptocurrency is missing the point and the boat.

>> No.1132496

>>1132404
Eh.

>>1132434
I just had a crazy idea that might make shitcoins actually useful. Hear me out. Speculation is whats fucking cryptos right? I mean... if people are speculating theyre not actually using them right? So let's stabilize the price. Offer a crypto with unlimited supply for $1 each. Use the BMII (big mac inflation index) to peg it to.
A small portion of the intake would go towards development and the rest would go to a non-profit like the red cross. Then you lower the difficulty so they are easier to mine. This would force the price to stay below $1 because nobody would buy coins from miners for $2 if they can get an unlimited supply for $1 from the devs. If people werent always worried about the coin maybe going to the moon because of retarded hype then they might actually USE them and spend them. MAGNETS BITCHES!

>> No.1132506

>>1132434
>>1132433
>if I keep repeating it wnough it will come true.

Sorry pham. Bitchcoins days are done.

>> No.1132513

>>1132506
Hey where can I buy eth? I think I want to try to sell some through ebay. I was looking and it doesnt look like there is much competition.

>> No.1132597
File: 41 KB, 564x459, FuckingLoser.jpg [View same] [iqdb] [saucenao] [google]
1132597

>>1132513
This thread a year ago
>Buy Mazacoin
>Say fuck it , spend 4 bucks and buy 100 or so.
>Lose 4 dollars.


This board 3/8/2016

>BUY ETH
FUCK YOU !

>> No.1132612

Should I still buy ether?

>> No.1132628

>>1132366
If I told you how much I made you wouldn't believe me. Maybe when I get home I'll post a screenshot of my Paypal account transaction history from 2014. Lets just say it was a lot. I don't know if you can make money with it still because I got both of my accounts banned for selling bootlegs on there so I haven't used ebay in a while. If you do this, start small because buyers are less likely to do chargebacks on small amounts.

>>1132429
Great argument.

>>1132434
Honestly, I am not even saying PoS is better than PoW. There are obviously challenges and flaws with both.

>>1132597
It's funny because if he had just asked "where do I buy ETH?" there would be 3 responses within 5 minutes to tell him 20 different options and ways to buy it. Ethereum shills are helpful if it benefits them. The fact that he wants to sell it on ebay does not benefit them. In fact I have a hunch that there might be a couple people on here that sell on ebay and don't want any more competition. The silence is fairly telling.

>> No.1132640
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1132640

>>1129259
>>1129261
>>1129265
ever noticed there is always a burger king next to a mc donaldy, just sayin

>> No.1132658

moo moo to the fucking moon - ritalin buttering

>> No.1132671
File: 508 KB, 1200x1215, 20160109_012707.jpg [View same] [iqdb] [saucenao] [google]
1132671

>>1132291
>>1132301
>Ok so if you knew about Ethereum 2 years ago why did you not participate in the presale? I don't get it.
>It was a conscious decision not to. Hindsight 20/20

This 100%. I also checked out their presale videos and a lot of the forum threads at the time but the whole thing just didn't convince me at the end from a investment perspective.

There are already cloned of Ether (e.g. Expanse) that give you all of the functionality for a fraction of the cost of ETH tokens.

>> No.1132680

>>1132671
Sour grapes extraordinaire.

>> No.1132714

>>1132680
"Sour grapes" is the wrong way to look at it. Some people just do not like taking unnecessary risks and I am one of those too. If I am confident in something I throw real money in to it. If I am not confident then I don't even like throwing a couple hundred just to "see what happens". I had no level of assurance that this wasn't going to be manipulated and if so what the levels of pumping/dumping would occur at. Tomorrow this whole market can crash. I know you don't believe me but there is real potential of it happening even if it isn't specifically tomorrow that it happens. I don't need to risk money on unpredictable outcomes. There are enough more stable ways of making money than throwing it at the wall to see what sticks. I'm not jealous of people making money from the presale. Good on them. Being less risk averse sometimes has its upsides. The problem with that though is that risky investments have a tendency to eventually bite you in the ass if you keep gravitating towards them.

>> No.1132945

>>1130887
10/10 post. This makes complete sense to me.

>> No.1133064

>>1130901
The fact that gas costs can be low makes it unnecessary for eth to be expensive. It could be perfectly worth 1 USD, to say any number. In fact since 1 minimum eth is needed to make a contract, a cheaper eth is better.

If eth is "a platform instead of a coin", then there's no reason for the price to rocket. It just makes it harder to use.

>> No.1133076
File: 91 KB, 459x343, image.png [View same] [iqdb] [saucenao] [google]
1133076

>>1133064
You have not understood how ETH works.

eth will be moving to POS so the only token able to benefit from and collect transaction fees on the network will be ETH.

The more DAPPS and contracts and transactions on the network the more fees will be collected and they will go to ETH stakers.

The vision is to have a busy network with billoons of transactions with a huge market cap. Therein lies the value of ETH.

Also, gas is geared to ETH like the gears on a bicycle. The cost of transactions and contracts on Ethereum is paid in gas. The price of ETH has no effect on the price of running a dapp.

Whatever the price of ETH the dapp will always cost the same amount to run due to gas costing a smaller amount of ETH,

Also, the amount of ETH is going to be limited to around 90 million with negligble inflation of around 1% per year which will barely replace ETH lost to death or accident.

>> No.1133081

>>1133076

You seem to know your shit, so I have a question. Once Dapps are created and contracts/transactions become the primary financial force behind Ether, who exactly does the gas go to? My understanding was that only people who mined ether get the gas revenue of the particular hashes they mined, but your post makes it seem like *any* ETH staker gets a cut. How is it distributed?

>> No.1133082

>>1130887
I think there's a good case to made that investing in Ethereum/ether right now provides a margin of safety that is sufficient to make it an attractive investment. The fact that proof of stake will be able to scale the network up to hundreds of thousands of transactions per second in comparison to Bitcoin's 3 tps means Ethereum will be the far more attractive blockchain. This scaling will happen while retaining the decentralized nature of Bitcoin that Ripple lacks.

Assuming Ethereum wins in the long run, the 6.5 billion dollar market cap of Bitcoin will transfer to Ethereum's market. Even if Bitcoin dying means that market participants lose a lot of faith in blockchain as an investment, Bitcoin's market cap is so much larger than Ethereum's that even a fractional transfer of value would provide enormous returns.

>> No.1133086

>>1133064
>difficulty goes up making new coins increasingly rare
>miners and coin owner know this and want to make good on their investment
>large companies ruin increasingly popular dapp that run through ether
>consensus gets gas prices to a price that is reasonable on comparison to say hosting an application with heavy traffic on an Amazon server
That's still decent money senpai. So look at it like this. Amazon hosting for a really large application can run from a few hundred to a few thousand a month. I can't say how many executions could take place in a month but that's 2678400 second. A $300 a month bill comes out to .001 cents per second.

Regardless of how expensive a single unit of ether becomes based on shrinking supply, it can still be infinitely divided so dapp don't become too expensive to run. Gas price is basically a way of making dapp running independent of ether price.

>> No.1133094

>>1133081
Stakers will be able to set their nodes to accept any transaction that meets their gas price. It will work like a market. If you set your nodes gas price too high you will process fewer transactions.

Still the details of CASPER are to be announced so wait and see. Expect big things. Will be audited by terence tao.

>> No.1133108

>>1133094
Wait so is processing a transaction like processing an entire block or is it something that can be done on a lighter system? Or maybe you can run on a pool and also set a gas price to run transactions WHILE you mine?

>> No.1133112

>>1133076
You imply all throughout this thread that nobody knows how Ether works besides you but to be honest it is not that complicated. You just rambled on a bit while entirely proving his point. The price of ether does not need to be high in order for ethereum to function. "The price of ETH has no effect on the price of running a dapp" (your words, which I can confirm) goes to support that decentralized applications can function at literally any price of ether. This is why the normal laws of supply and demand are not applicable, because although only 90 million ether exists, it is divisible into tiny fragments thus making the supply exponentially larger. In essense the decision to make 90 million ether is an arbitrary judgement call since each ether is divisible into like 20 decimal points so that there is a gazillion units or "wei" per every 1 ether.

>> No.1133129

>>1133082
I think you are making a lot of assumptions and I'm not sure any of them are correct. If what you are saying is true then we would have to assume:

>bitcoin holders will all the sudden sell off all their bitcoin because they see the superiority of ethereum
>bitcoin holders will then take the remaining money they have left since bitcoin keeps declining in price, cut their losses, and re-invest all of it into ethereum
>even a fraction of the marketcap of 6 billion can be removed from bitcoin without causing instabilty
>bitcoin does not crash and become worthless while this is happening
>new investors, after seeing what happened to the largest crypto are still eager to invest in another one
>nobody who holds ether decides to cash out and take profits while this is happening
>nobody who holds ether panicks and sells because they reason that if bitcoin isnt immune to implosion, no crypto is safe
>bitcoin does not adapt and does not fix a lot of the scalability issues and transaction times to remain competitive
>another crypto does not come into the scene which solves flaws in both protocols
And so on...
That is a lot that you are banking on. It might play out in a certain way but most likely it will be something you never expected or didnt take into account. Again, you are expecting everyone to act rationally and haven't considered that there is an enormous amount of moving parts to the equation.

>> No.1133130

>>1133112
You're getting it wrong. Break it into two different things.

1) you have the cost of ether which is based on supply (the rate at which miners can generate it) and demand (a factor of how many ether hungry dapps people create and what the gas price is set to which will burn ether more quickly or slowly
2)the cost of running a dapp. That is the price of gas which is again based on the supply of ether and the demand for fuel to run a dapp.

Ether costs goes up as coins are harder to come by but people still use them.

Gas goes up in cost as people need more gas to run their apps. This price will fluctuate based on how quickly people are willing to spend the set cost of ether.

Basically if ether of 1 dollar or 10000 dollars and gas will just adjust to a unit people are willing to pay to run their app. But none of that matters in regards to how much ether costs. Just note that ether is a coin with utility.

>> No.1133132

>>1133112
Irrelevant

>> No.1133136

>>1133129
Your demonstrated inability to extrapolate even the simplest of ideas allows me to disregard your entire post and all your previous post as sour grapes

>> No.1133147

>>1133132
>>1133136
See how this works is I post something and if you don't agree with it then you make a counterargument like >>1133130

If you concede and admit that you were wrong just say so. It makes this converastion much easier. You can keep on saying "you just don't understand" over and over with no real argument all you want but just because you repeat yourself doesn't make it somehow more true.

>> No.1133150

>>1133129
You aren't very good at condensing your thoughts. You just rambled off a bunch of assumptions that "would have to" be true if my thesis is correct, and I even directly addressed some of these points.

>> No.1133155

>>1133147
>>1133147
Pham, the fun thing about /biz/ is that every poster has a unique ID. You can tell when someone is same fagging.

I'm not the guy you're talking to. I just think you're wrong.

>> No.1133165

Can't say this wasn't expected.

Whales got the majority of dumbass day traders to panic sell by selling a large amount of ETH (still a tiny portion of their total holdings) and caused a massive price drop. They then bought in again at the low prices. Smart considering what's going to be happening within the next week.

I advise you all to read this:
https://www.reddit.com/r/ethtrader/comments/49ji80/dear_daytraders_unpopular_opinion_if_youre/

>> No.1133173

>>1133130
I actually agree with your first 2 points. Once you get to "Ether costs goes up as coins are harder to come by but people still use them" I start to take issue. Ether costs never need to go up. They are just tokens that circulate through the network and not only that but there are almost an unlimited supply of them since they are infinitely divisible. Think of it as normal fiat which just changes hands except that instead of USD, for example, which is divisible down to a penny, with ether you have units that are divisible past a trillionth of a penny. This means that the supply of ether actually dwarfs the supply of USD by an incredible amount. There will never be a scenario where the supply can not keep up with the demand. For the fifth time, there is nothing to dictate that ether HAS to be expensive. It can be worth 1/100th of a penny each and the network would still function fine. You can say that miners would not support the network and it would collapse if ether was too cheap but since ethereum is moving to PoS this is a non-issue.

>> No.1133178

>>1133155
>Pham, the fun thing about /biz/ is that every poster has a unique ID. You can tell when someone is same fagging.
?? I never accused you of same fagging...

>> No.1133187

>>1133178
You grouped me with the two other posts of the guy you were talking to. Just saying I'm not him.

>> No.1133192

I'm starting to think that all the people crying sinking ship just want to buy the dip.

>> No.1133193
File: 33 KB, 358x361, 1322395628136.jpg [View same] [iqdb] [saucenao] [google]
1133193

Vitalik's sell wall for development and protein powder gets bought up fast and we are already back $11

>he didn't buy the dip again

>> No.1133196

>>1133192
In all seriousness there is another huge crash coming Thursday.

Get out while you still can.

:^)

>> No.1133197

>>1133192
>starting to think
YEA NO FUCKING SHIT IDIOT
When it comes to ether just stick to the Dip threads and stay out of the clearly FUD threads

so many people have been burnt selling out low during the dips of early and late february due to FUD and then instantly regretting it less than 48 hours later. And i think a couple got caught in this latest dip too.

>> No.1133198

>>1133187
Oh no I know. I was just pointing out your post as an example of how to make a counterargument since he needs a little guidance in responding without ad hominems.

>> No.1133201
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1133201

>>1133196

I can't wait.

>> No.1133208
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1133208

>>1133198
Ah I understand now. Sorry for the misunderstanding.

A parting gift for yuh test.

>> No.1133212

>>1133197
Don't worry. I think this may be my last thread I respond to. After this I will leave you to your discussions of "to the moon" while you all simultaneously agree with each other and nobody offers any differing viewpoints. Obviously anyone who thinks a little caution is healthy is just FUDding and wants to buy the dip so they should keep their mouth shut, right? Good luck gentlemen I wish you the best.

>> No.1133216

>>1133208

2>1>7>3>8>4>6>>>>>5

>> No.1133217

>>1133208
Thanks, man. Take care.

>> No.1133247

Will ETH ever go back down to $7 or $6 $5

>> No.1133261

>>1129730
>cringehole of the internet
>secondplace.json
nice try ethercuck

>> No.1133300

>>1133247
The homestead dump might bring it down that much.

>> No.1133517

>>1133300
sorry but why would homestead bring it down at all?

>> No.1134513

in my opinion, eth wil be traded towards 25 bucks for the next 4 months, there will be a huge pump end of summer, and goin first stage moon to 100 bucks in 2017, its going to be a "Thing" for Programmers to fool around on the Plattform until it Develops something Huge like its own facebook or some shit, just enough mainstream to get the Attention of the Mainstream --> to moon to the 1000$$$ i will definetly put a limit at 888$$$