Topic: [ANN] Ethereum: Welcome to the Beginning - page 1217. (Read 2006079 times)

This is indeed a very big risk, but no the biggest. There are such high hopes for ethereum now, I think people will be very dissapointed and pissed once it actually launches, so in addition to very few people buying, many will desperately want to sell, just because they are pissed.

I agree that probably is the biggest risk in terms of buying ether as an investment using BTC (unless you rebuy your BTC afterwards). I think the price will probably go up after launch, but if Bitcoin goes back up to $1000 or above territory, then its unlikely that any increase in the value of ether will keep up with that.

I haven't invested.

One reason being that this isn't going to be ready for 6 months and I think in that timeframe there is a decent chance BTC will go on another bubble.

I'd rather have my money in BTC and alt coins with strong prospects than have it sitting doing nothing for half a year.

I also think for a project this innovative, it's likely the software development timeline will slip.

Why is that?
Nothing has been changed.

When did you invest? How much?

I got a very bad feeling about the IPO of ethereum now...

Smart contracts. Basically I think the idea is that you can use it to put executable code on the block chain rather than just static information. This is used to create decentralized apps, storage, even 'decentralized automonous organisations' (businesses which run themselves without a human CEO).

Can someone actually explain the purpose of ethereum? I mean, what is it used for exactly?

what do you mean? Did something happen? 

Yeah like some people think if they put in a small amount they help the project with it.

the advantage of ETH is: it washes the last stupid money out of coinsmarkets and puts it in the hands of experienced money-sharks.
While the sheep donate their btc to GS the rest of us can buy up the good alts at extreme discountprices just before BTC and alts go to the moon once more. I think i can speak for the ethereum team and everybody else in altcoin-space when i say: "thank you for donating"

People who are like "i invested just to be part of it and i don't expect any returns" make me laugh really hard. The denial is epic.

I bought in in the first days, but only a minor amount.  I never expected to make a profit from it, just wanted to be part of it.  The few IPO-ETHs that I bought may be a nice souvenir in the future - or not.  But I definitely don't care to lose the money I put in, and I don't see why others are pouring such huge amounts of BTC in Ethereum at the moment.

Can I hear your reason as to why?

just now bought some 2600+ ETH @ 1970. 

I agree with this. Wanted to add that it'll also be a huge test of patience from the 'investors'. A niche technology built on top of/within another niche technology may take decades to play out, will have bugs, and likely be in competition with Bitcoin that will for the current foreseeable future still be #1 and get improvements that directly replace Ethereum's methods.

I'd love to hear from one of these 'investors' what their time horizon is on this, and what kind of profit they expect and why.

Congrats on winning our bet!

Ethereum is going to be the biggest IPO debacle in crypto history.  There are going to be no buyers for this "coin." Thats the short term problem. So is the "where the hell are they ever going to justify spending $25 million dollars on CODING!"  Holy shit batman! This is a joke.

So here are all the likely things that are going to happen. "Investors" are going to be watching expenditures like a hawk. Anything that doesn't make sense to the public is going to cause a shitstorm.

On top of that Ethereum VC owners will control probably between 40-50k bitcoins. That is a huge cloud over the price of bitcoin and every bitcoin cashed in is going to be scrutinized.

Then there is the fact that the price will plummet. It has no choice but to plummet. No one is going to buy this coin.  Yes, there will be some buyers the first week or two. Then there will be no more buyers. ANY lack of ability to deliver is going to cause panic sells and once that happens 1 time the price will be permanently underwater.

Then the question is what would it take for the Ethereum investment to be profitable? Well, thats hard to quantify. As many wise people have noted, Ether is a coin to pay for contracts, etc built on top of the platform. If successful Ether will have its own market competition forces that will drive down the costs of transactions, making Ether LESS valuable long term.

And, OH BY THE WAY, Ether is INFLATIONARY. Wow. Just wow.

The odds of this ending well are so freaking minute. Its going to be a shitshow.

It does read that way.

I don't disagree with any of the scenarios presented, just I wonder if there is any scenario where ipo people could actually make any money initially. I have difficulty coming up with one due to the insane amounts invested (otherwise I would have put a btc or two into this). It's like a much worse maidsafe scenario ... it'd seem really unlikely for investors to recoup their money early on. And in that case, of course it makes sense to just wait.

Yeah, lucky SOB... right time, right place and apparently not the dumbest person

Mother of god  

I think that the sale will slow down significantly after this next price decrease - most investors who wanted to invest would have done so already. I think you'll see maybe another 1000 or so BTC invested but it'll be from little guys going forward.

In other news, this bet expires in 17 hours if you still want to get your prediction locked in:

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Total Ether sold will exceed 25,000 BTC Options: Yes | No

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If there's interest I'll recreate it with 50K BTC afterwards