If your going to invest do it like this.
1) Figure out how much money you would typically throw away at a weekend in vegas.
2) Put in a buy order at a bottom price to snatch up dumped coins, they will dump again.
3) sit on those coins for a while
4) Profit / cry
Topic: "Ethereum Hard Fork" or "Ethereum Classic" - please recommend for a novice (Read 909 times)
July 25, 2016, 08:42:25 AM
July 25, 2016, 08:28:13 AM
ETH Classic is the only choice of course, ETH Classic now have also a lot of users too and good capital behind - around 18 millions USD. 
July 25, 2016, 07:28:15 AM
Well, maybe Coinbase has answered the question for me because, it seems like they only sell EHF. No EC.
You have to understand that I can't keep my money on the sidelines (all in BTC) with all this action going on. I need to diversify my crypto portfolio.
Ethereum was 21$ before the DAO hack (note that ethereum wasn't hacked and wasn't at risk at all, just the bad written contract ) , and the panic sell dropped the price alot. Now that everything is clear, the price will most likely increase to 20$ anytime soon, and i expect it to be at 20-25$ range after the shanghain blockchain summit. No matter what these fudders say, ethereum is the elephant in the room and probably most decentralized crypto project there is.You have to understand that I can't keep my money on the sidelines (all in BTC) with all this action going on. I need to diversify my crypto portfolio.
Ethereum network hashrate: 4.4T , proof https://etherchain.org/ .Biggest chinese farm in china, and probably in the world for obvious reasons has only 98G, which accounts for 2.2% of total hashrate http://www.powtopos.com/ .
July 25, 2016, 07:23:02 AM
Don't buy either of them.
^ this
at least wait a couple of week or a month even to invest lot of money for long term
but if you like only to daytrade now is risky AF but fun aswell
July 25, 2016, 06:54:28 AM
You shouldn't post your own opinions right after the question. Just put "Ethereum" or "Ethereum Classic", like Poloniex added on their exchange. By the way, something you should learn when investing...always go with the masses, and Vitalik is the promo guy behing Ethereum. There are huge chances Ethereum Classic might die because of lack of support or maybe with a 51% attack as it has already been announced by some miners.
July 25, 2016, 05:29:00 AM
I was talked out of getting into Ethereum a few months ago by some veterans here who said that it would never last.
you should never act on anything that people say here. there's a million and more vested interests and disinformation's more prominent than information. do your homework and decide for yourself.
and i'm gonna piss all over that point already by saying why consider a coin because of its youth marketability? or any marketability? one added word is enough to sway you to a coin that's a few days old?
youth don't care about what's going on here and won't for a long time to come. the learning curve is so steep that only the most switched on would consider taking the plunge.
July 25, 2016, 05:00:00 AM
Coinbase has no sway in this. They don't even have much BTC volume. Most US BTC volume was in places like Finex. What Bologniex does is far more important than what Coinbase does at this point.
I heard that Bitfinex will list ETC on Wednesday at the earliest. What do you think of their move? Are they the silent ones who did not express themselves during the hard fork debate? Because their action together with Poloniex and Bitsquare says that they disagree with the hard fork or maybe they disagree with the process of how it was decided.
July 25, 2016, 02:37:37 AM
Coinbase has no sway in this, they don't even have much BTC volume. Most US BTC volume was in places like Finex. What Bologniex does is far more important than what Coinbase does at this point.
July 25, 2016, 02:31:25 AM
Youd be taking a pretty big risk buying into either one right now. Eth is just waiting to get dumped but if u had to buy one then i think the hard fork is the one to choose since it has the highest value but that could soon change. They probably shouldnt have forked in the first place so classic is the one that is the original but like above poster says that could be abandoned completely. Investing in either could potentially be you throwing your money away.
Look at this tweet from an original developer. https://twitter.com/MrChrisEllis/status/757293299426271232
He is playing it safe by claiming they support both chains. Why? Because they want to have the room to move on to one chain if the other one is going down. This is just speculation but it also makes logical sense. They know they took a risk with doing the hard fork and by claiming that they still support the original chain will make them avoid paying for the risk taken. So they can get that cake and eat it too. The only person who cannot do so is Vitalik. He is the one who made it possible for the hard fork to happen and I cannot imagine him going back to the original chain if the Ethereum fork "supporters" leave. That would be too funny.
Oh, they just split.
Spun off a division of their company. So, if I would have bought in last week, then I would own equity in both companies right now. I see, thanks, that clears things up. Coinbase will probably make the equity in the spun off division available soon.
July 25, 2016, 01:57:48 AM
Youd be taking a pretty big risk buying into either one right now. Eth is just waiting to get dumped but if u had to buy one then i think the hard fork is the one to choose since it has the highest value but that could soon change. They probably shouldnt have forked in the first place so classic is the one that is the original but like above poster says that could be abandoned completely. Investing in either could potentially be you throwing your money away.
Look at this tweet from an original developer. https://twitter.com/MrChrisEllis/status/757293299426271232
He is playing it safe by claiming they support both chains. Why? Because they want to have the room to move on to one chain if the other one is going down. This is just speculation but it also makes logical sense. They know they took a risk with doing the hard fork and by claiming that they still support the original chain will make them avoid paying for the risk taken. So they can get that cake and eat it too. The only person who cannot do so is Vitalik. He is the one who made it possible for the hard fork to happen and I cannot imagine him going back to the original chain if the Ethereum fork "supporters" leave. That would be too funny.
July 25, 2016, 01:50:39 AM
Don't buy either of them.
IMHO both will probably have big, big problems over the time and I think a new coin will evolve from this..
It's the problrm to get into this new coin in time
IMHO both will probably have big, big problems over the time and I think a new coin will evolve from this..
It's the problrm to get into this new coin in time
July 25, 2016, 01:44:05 AM
Well, maybe Coinbase has answered the question for me because, it seems like they only sell EHF. No EC.
You have to understand that I can't keep my money on the sidelines (all in BTC) with all this action going on. I need to diversify my crypto portfolio.
You have to understand that I can't keep my money on the sidelines (all in BTC) with all this action going on. I need to diversify my crypto portfolio.
Ok then you have an answer which is good enough for you. There is no need to argue and ask questions further since you already trust the fork because Coinbase supports it.
July 25, 2016, 01:24:52 AM
Don't get investment advises from strangers.
And if you are not sure, better not invest.
There were plenty of bad words about ETH before the fork (bad code, pump and dump, ...).
Did the fork fix everything? No. It made things strangely confusing.
Now think on the big investors. Will they read on and on to invest into the correct ETH? I doubt that. They should wait or even run away.
Is it a good time to invest in any of them? I'd say no.
But again, it's about money and you better not get investment advises from strangers.....
And if you are not sure, better not invest.
There were plenty of bad words about ETH before the fork (bad code, pump and dump, ...).
Did the fork fix everything? No. It made things strangely confusing.
Now think on the big investors. Will they read on and on to invest into the correct ETH? I doubt that. They should wait or even run away.
Is it a good time to invest in any of them? I'd say no.
But again, it's about money and you better not get investment advises from strangers.....
July 25, 2016, 01:18:19 AM
Youd be taking a pretty big risk buying into either one right now. Eth is just waiting to get dumped but if u had to buy one then i think the hard fork is the one to choose since it has the highest value but that could soon change. They probably shouldnt have forked in the first place so classic is the one that is the original but like above poster says that could be abandoned completely. Investing in either could potentially be you throwing your money away.
July 25, 2016, 12:46:20 AM
Stay out if you are not already is, is good advice. There is a strong ideological element to the schism we are seeing in Ethereum right now that transcends the investment/RoI angle. As a pure financial investor, it may make sense to sit this out if you believe actors will not act in a purely, rational manner
July 25, 2016, 12:44:42 AM
Well, maybe Coinbase has answered the question for me because, it seems like they only sell EHF. No EC.
You have to understand that I can't keep my money on the sidelines (all in BTC) with all this action going on. I need to diversify my crypto portfolio.
You have to understand that I can't keep my money on the sidelines (all in BTC) with all this action going on. I need to diversify my crypto portfolio.
July 25, 2016, 12:28:30 AM
This is not as simple as choosing one over the other. The best answer for now is to stay away if you're not into it yet. Both are in a delicate situation because one is gaining momentum and the other could be abandoned by its own developers. The biggest loser here I fear could be Vitalik. He will have nowhere to go if his allies abandon him and Ethereum fork.
July 25, 2016, 12:25:08 AM
I was talked out of getting into Ethereum a few months ago by some veterans here who said that it would never last, and now, here we are today, and mining Ethereum gas is all anyone is talking about.
So I'm capitulating, and going to invest.
So I love the built in anti theft protection mechanism provided by the Ethereum Hard Fork Foundation, however, the brand name sounds a little less marketable to the youth of today than
"Ethereum Classic" which as Coca-Cola proved, resonates timelessly.
Plus there is a wide discrepancy in market caps when neither coin has any useable apps or market traction yet. So what reason, besides anti-theft protection is Ethereum Hard Fork trading at a 20x multiple to Ethereum Classic which obviously has the superior marketing department?
It's not like the applications for one can't easily be re-written to work in the other.
Am I missing something?
Thanks in advance. I'll keep digging in the meantime until I come to a conclusion.
So I'm capitulating, and going to invest.
So I love the built in anti theft protection mechanism provided by the Ethereum Hard Fork Foundation, however, the brand name sounds a little less marketable to the youth of today than
"Ethereum Classic" which as Coca-Cola proved, resonates timelessly.
Plus there is a wide discrepancy in market caps when neither coin has any useable apps or market traction yet. So what reason, besides anti-theft protection is Ethereum Hard Fork trading at a 20x multiple to Ethereum Classic which obviously has the superior marketing department?
It's not like the applications for one can't easily be re-written to work in the other.
Am I missing something?
Thanks in advance. I'll keep digging in the meantime until I come to a conclusion.
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