Topic: ethereum and bitcoin: two things you need to know - page 2. (Read 1848 times)

the ethereum buy-up last month has not directly caused the price drop.

infact having bitcoin and selling them for altcoins means they are not initially being sold for FIAT. and not on the fiat<->btc orderbooks. so buying products/altcoins does not harm the bitcoin price.

what does harm the price is the emotional decidsions of those new holders of the coin. and what choices they make after receiving bitcoin.

the problem is that if the altcoin maker doesnt deem that their altcoin is worth much, or deem the work they done creating it as very costly.. then when they get the bitcoin, they will treat the received bitcoin as "free money" and sell it for FIAT at any price, because to them they got bitcoins for literally free by selling ice to eskimo's.

so its not the action of buying an alt that causes a price tank.. but the fact that the altcoin is worthless, that will cause the the creator to cash out the bitcoin. after all by not helping to code bitcoin itself, but to scam people with altcoins, he obviously is not a 'bitcoin investor' but a fiat investor looking for ways for a quick payday.

and so we seen the guys at ethereum, not hoard bitcoin and just give it to staff as wages slowly over the next year until the perceived launch.. but instead they have dumped coin to fiat which looks more like a 'cut and run'.

 

funny part is that ethereum use bitcoin for their investment, they should attach themselves to usd directly, as long as you use btc as your primary money injection, you are inferior to it

In simple term, Ethereum & Mastercoin are both trying to provide smart contract mechanism depending on blockchain type concept.

It is strongly suggested, not to invest in Ethereum at the moment. There will be a big price drop at their launch as current investors will book profit. If u decide to buy, buy then. Please read the Ethereum T&C too...

Im not that technical and still am learning how bitcoin works, etc.. Can someone explain to me what ethereum and Mastercoin are? are they competitors? From what I gather, they are just trying to use the blockchain for different purposes other than transferring a currency, like sign a contract, sell a car (being that one of them, ethereum or mastercoin could come up with a way to do this)..

Am I close? If not, please explain why I should invest in ethereum. I didn't miss the bitcoin boat, would hate to a boat like it though...

for me, ethereum is still not that clear. it needs more clarity.

It is probably been provided by www.stellarvalue.org

When you invest in ethereum, you're paying for a mysql database entry, that's about it ...

"a trusted source is still needed to provide the price ticker."

I heard the ethereum guys said they'll dump all their collection from ethereum pre-sale. So supply may increase. Hence the price drop.

Nope OP, there is only one thing you need to know, and it's this:

http://gavintech.blogspot.com/2014/06/bit-thereum.html

yeah, and that other altcoin is Litecoin  

Bitcoin price is tumbling and people are running scared.  Uh oh.  Hasn't this happened before?

To make sense of this latest speculation fiasco, you only need to know two things:

1. People who missed the Bitcoin boom (buying BTC at $1-$10, for example) are DESPERATE to invest in TNBG (The Next Big Thing).  Hence, ethereum and all the other altcoins-du-jour

2. The cryptocurrency market is NOT BIG ENOUGH to support more than one altcoin. Period. End of story.  So all of these other altcoins will bubble up, then fizzle out.

Dr. Michael Moriarty