Trust and scammy ICOs are incompatible
Well even if they are scammy, people are pouring money into it (causing the increase of Ethereum price), so they are trusting it in a way. But many of these people might just want to profit from the price increase (bubble), so the price increase might not be as "genuine" as the one from bitcoin. 
Topic: ETH/btc My 2 cents ? (Read 2726 times)
Trust and scammy ICOs are incompatible
All this money pouring in ETH comes from those ICO's recently that have succeed and also the upcoming ICO's we have right now which are commonly erc20 tokens. They raised a huge amount of funds in terms of ETH and I think that is what's causing the ETH pump right now. Also, there might be manipulation by Chinese but sooner or later ETH will go back to it's real value.
Ya I mean holy shit. $400 an eth? For what? Byteball does smart contracts. So does counterparty. So does ... so many alts. Why do people think these tokens are going to do well? If eth fails then these tokens will just be useless right? Or am I totally not understanding how they work? They rely on eth right?
All this money pouring in ETH comes from those ICO's recently that have succeed and also the upcoming ICO's we have right now which are commonly erc20 tokens. They raised a huge amount of funds in terms of ETH and I think that is what's causing the ETH pump right now. Also, there might be manipulation by Chinese but sooner or later ETH will go back to it's real value.
Ya I mean holy shit. $400 an eth? For what? Byteball does smart contracts. So does counterparty. So does ... so many alts. Why do people think these tokens are going to do well? If eth fails then these tokens will just be useless right? Or am I totally not understanding how they work? They rely on eth right?
All this money pouring in ETH comes from those ICO's recently that have succeed and also the upcoming ICO's we have right now which are commonly erc20 tokens. They raised a huge amount of funds in terms of ETH and I think that is what's causing the ETH pump right now. Also, there might be manipulation by Chinese but sooner or later ETH will go back to it's real value.
Ya I mean holy shit. $400 an eth? For what? Byteball does smart contracts. So does counterparty. So does ... so many alts. Why do people think these tokens are going to do well? If eth fails then these tokens will just be useless right? Or am I totally not understanding how they work? They rely on eth right?
the only thing that is driving ETH price up and will soon become its very death are all the ICOs that raised a lot of money, the money that could only enter them in for of ETH tokens, not fiat, not bitcoin, not any other altcoin but only ETH tokens.
a lot of newbies bought ETH just to invest in these ICOs and there are a lot of them, each of which raising a lot of money!!!
and this will be the death of ethereum. very soon all these ICO developers who got all the free money would want to cash out. even if it means liquidating a small part of the ICO (just like what ETH foundation and Vitalik did with 25% of their ICO in early days) and that will start the same trend in the opposite direction.
a lot of newbies bought ETH just to invest in these ICOs and there are a lot of them, each of which raising a lot of money!!!
and this will be the death of ethereum. very soon all these ICO developers who got all the free money would want to cash out. even if it means liquidating a small part of the ICO (just like what ETH foundation and Vitalik did with 25% of their ICO in early days) and that will start the same trend in the opposite direction.
All this money pouring in ETH comes from those ICO's recently that have succeed and also the upcoming ICO's we have right now which are commonly erc20 tokens. They raised a huge amount of funds in terms of ETH and I think that is what's causing the ETH pump right now. Also, there might be manipulation by Chinese but sooner or later ETH will go back to it's real value.
I don't believe anyone that bought bitcoins 10 years ago still has them, even more than 3 years seams like a long time.
If that was the case, couple of people would pay out and it's game over or am I wrong?
If that was the case, couple of people would pay out and it's game over or am I wrong?
what do you guys think of NAV, technology wise?
I know it's just a little shit coin for most of big traders, but it's fast and anonymous.
Imagine only that someone crypto and in particular Bitcoin played 10 years ago, while using Bitcoin as entertainment and not as a currency. Maybe he has tens of thousands or more. With so many Bitcoins on purses, it's just multi-millionaires. I know it's just a little shit coin for most of big traders, but it's fast and anonymous.
what do you guys think of NAV, technology wise?
I know it's just a little shit coin for most of big traders, but it's fast and anonymous.
I know it's just a little shit coin for most of big traders, but it's fast and anonymous.
In my opinion many people are getting sick of bitcoin politics (at least it's my case), blocs are full (and nothing is done about it and some miners are trying to block new initiatives because of their own interests), in some cases transactions cost more than a bank wire and so on.
If Bitcoin wants to be mass adopted, it has to solve its own problems, or ETH (or another alt coin) will take over as the main crypto-currency.
If Bitcoin wants to be mass adopted, it has to solve its own problems, or ETH (or another alt coin) will take over as the main crypto-currency.
Ethereum is going to be the biggest Ponzi Scheme we have ever seen in Crypto currencies. People's greed are clouding their judgement. The SEC
is going to investigate it and it will be classified as a Security. A security, in a financial context, is a certificate or other financial instrument
that has monetary value and can be traded. Securities are generally classified as either equity securities, such as stocks and debt securities, such
as bonds and debentures. Now ask yourself.... Is Ethereum a contract/certificate that can be traded... Yes .... Is it registered? Nope .... What will
be the end result?
What are unregistered securities or stocks? Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must
be registered with the Securities and Exchange Commission (SEC). ... To sell or attempt to sell a financial security before it is registered is
considered a felony. Ouch..... Do you see the problem?
is going to investigate it and it will be classified as a Security. A security, in a financial context, is a certificate or other financial instrument
that has monetary value and can be traded. Securities are generally classified as either equity securities, such as stocks and debt securities, such
as bonds and debentures. Now ask yourself.... Is Ethereum a contract/certificate that can be traded... Yes .... Is it registered? Nope .... What will
be the end result?
What are unregistered securities or stocks? Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must
be registered with the Securities and Exchange Commission (SEC). ... To sell or attempt to sell a financial security before it is registered is
considered a felony. Ouch..... Do you see the problem?
You're correct. Due to Howey test, and several others, Ethereum Tokens and the crowdsale 2014 was definitely an illegal, not registered sale of securites. Probably the reason they marketed Ether as "fuel" back in the days and in the white paper!
But the Eth fanboys will deny that fact.
The question is when SEC or other authorities will step in? My guess is they are waiting for the burst and then shit is going to hit the fan. The bad thing is this will have an impact on the whole crpyto space, Bitcoin included. Many people with extremely burned hands due to greed and stupidity will complain and turn their backs and never come back! 2014/2015 bear market may repeat.
I think the SEC will start to investigate when they start to receive legitimate complaints from people who actually lost money in the scam or if
they decide that there are more than enough evidence that people are going to lose money. I think they have enough information already for
them to start with an investigation, but they are looking for a reason to start with action against the founders. The government has a duty to
protect their consumers.
I love BTC and ETH may be a ponzi but the fact is ETH is overtaking it as the world's largest crypto and that's certainly bad for BTC!
dont worry about it; how do you think all those scam ICOs admins will withdraw their new riches now? give it some time 
I love BTC and ETH may be a ponzi but the fact is ETH is overtaking it as the world's largest crypto and that's certainly bad for BTC!
Ethereum is going to be the biggest Ponzi Scheme we have ever seen in Crypto currencies. People's greed are clouding their judgement. The SEC
is going to investigate it and it will be classified as a Security. A security, in a financial context, is a certificate or other financial instrument
that has monetary value and can be traded. Securities are generally classified as either equity securities, such as stocks and debt securities, such
as bonds and debentures. Now ask yourself.... Is Ethereum a contract/certificate that can be traded... Yes .... Is it registered? Nope .... What will
be the end result?
What are unregistered securities or stocks? Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must
be registered with the Securities and Exchange Commission (SEC). ... To sell or attempt to sell a financial security before it is registered is
considered a felony. Ouch..... Do you see the problem?
is going to investigate it and it will be classified as a Security. A security, in a financial context, is a certificate or other financial instrument
that has monetary value and can be traded. Securities are generally classified as either equity securities, such as stocks and debt securities, such
as bonds and debentures. Now ask yourself.... Is Ethereum a contract/certificate that can be traded... Yes .... Is it registered? Nope .... What will
be the end result?
What are unregistered securities or stocks? Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must
be registered with the Securities and Exchange Commission (SEC). ... To sell or attempt to sell a financial security before it is registered is
considered a felony. Ouch..... Do you see the problem?
You're correct. Due to Howey test, and several others, Ethereum Tokens and the crowdsale 2014 was definitely an illegal, not registered sale of securites. Probably the reason they marketed Ether as "fuel" back in the days and in the white paper!
But the Eth fanboys will deny that fact.
The question is when SEC or other authorities will step in? My guess is they are waiting for the burst and then shit is going to hit the fan. The bad thing is this will have an impact on the whole crpyto space, Bitcoin included. Many people with extremely burned hands due to greed and stupidity will complain and turn their backs and never come back! 2014/2015 bear market may repeat.
ETH is rising in price at a ridiculous speed but I personally am not interested in investing. I feel that investments like this can be manipulated to the extreme. The only person guaranteed to not get burnt here is Buterin
ETH is simply being masterminded to see if it could rob shoulders with Bitcoin, but one thing those pumpers are oblivious of is the fact, Bitcoin foundation actually ran deep else it would have been history in the cause of the last 8 - 9 years. ETH is like a brat, it would soon get its feel of what growing up all too quickly really feels like!
Ethereum is going to be the biggest Ponzi Scheme we have ever seen in Crypto currencies. People's greed are clouding their judgement. The SEC
is going to investigate it and it will be classified as a Security. A security, in a financial context, is a certificate or other financial instrument
that has monetary value and can be traded. Securities are generally classified as either equity securities, such as stocks and debt securities, such
as bonds and debentures. Now ask yourself.... Is Ethereum a contract/certificate that can be traded... Yes .... Is it registered? Nope .... What will
be the end result?
What are unregistered securities or stocks? Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must
be registered with the Securities and Exchange Commission (SEC). ... To sell or attempt to sell a financial security before it is registered is
considered a felony. Ouch..... Do you see the problem?
is going to investigate it and it will be classified as a Security. A security, in a financial context, is a certificate or other financial instrument
that has monetary value and can be traded. Securities are generally classified as either equity securities, such as stocks and debt securities, such
as bonds and debentures. Now ask yourself.... Is Ethereum a contract/certificate that can be traded... Yes .... Is it registered? Nope .... What will
be the end result?
What are unregistered securities or stocks? Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must
be registered with the Securities and Exchange Commission (SEC). ... To sell or attempt to sell a financial security before it is registered is
considered a felony. Ouch..... Do you see the problem?
I don't think that Japanese and Koreans are into ETH. But I suspect that the Chinese are. Memories are still on how they manipulate bitcoin price before with their fake volumes. So I think they are doing in again in different coin, that is Ethereum. The price of Ethereum is really scaring if you are going to ask me, if I'm holding Ethereum now, I will sell them. I don't want to caught on the trap that the Chinese are laying.
ETH was available to the Chinese for multiple years. Not a single major exchange ever added it until in the last few days. I think it's safe to say it's primarily Korea. However it seems impossible for non Koreans to get money in or out so I find it a little strange that everyone else is following them.
Well the money has to come from somewhere.
It can't only be the old pump/dumpster because this is 100x time bigger.
It surely is a combination of factor.
ETH is not well spread
ETH is booming fueling the boom
Pump/dumpster surely are on this
but that doesn't seem enough to explain the fact that ETH market cap and volume might pass over Btc. People in my street speak about bitcoin, not eth. Hence my question, wouldn't be reasonable for old whales disapointed by btc politics to leave for Eth. Even satoshi might do so with coins we do not know about...
It can't only be the old pump/dumpster because this is 100x time bigger.
It surely is a combination of factor.
ETH is not well spread
ETH is booming fueling the boom
Pump/dumpster surely are on this
but that doesn't seem enough to explain the fact that ETH market cap and volume might pass over Btc. People in my street speak about bitcoin, not eth. Hence my question, wouldn't be reasonable for old whales disapointed by btc politics to leave for Eth. Even satoshi might do so with coins we do not know about...
Koreans, and Japanese, to a lesser extent, have been buying the hell out of ETH. Cryptocurrency-mania has swept S. Korea and ETH is their coin of choice. I can't say I blame them. Bitcoin seems to be fading away.
I don't think that Japanese and Koreans are into ETH. But I suspect that the Chinese are. Memories are still on how they manipulate bitcoin price before with their fake volumes. So I think they are doing in again in different coin, that is Ethereum. The price of Ethereum is really scaring if you are going to ask me, if I'm holding Ethereum now, I will sell them. I don't want to caught on the trap that the Chinese are laying.
oh well, maybe shorting time has arrived already
Jump to: