Topic: Ethereum is a billion dollar bubble - page 2. (Read 3259 times)
There seems to definitely be an element of pump and dump surrounding the recent price moves although this is probably not the full story.The majority of trading volume comes from Bitcoin to Ether, more the number of users,more the price increases
Yeah because how much ETH are actually traded. Right.
It is at a billion dollar because thats what market feels. Currently crypto is only worth its speculative value, and if the market favours Ethereum then so be it. Personally, I didn't expect this and was shocked by the rise.
Yup I keep hearing this over and over, face it Ethereum is something and I wouldn't doubt it if Eth grew bigger because of the market it targets, unlike Bitcoin and the dev team.
It is at a billion dollar because thats what market feels. Currently crypto is only worth its speculative value, and if the market favours Ethereum then so be it. Personally, I didn't expect this and was shocked by the rise.
If after further developments and Ethereum becomes a solid platform, then the price will be even higher.
Surely no alt coin will be as big or bigger than Bitcoin right?
That is surely impossible right?
That is surely impossible right?
It is at a billion dollar because thats what market feels. Currently crypto is only worth its speculative value, and if the market favours Ethereum then so be it. Personally, I didn't expect this and was shocked by the rise.
Perhaps I misspoke. I'm not saying adds zero value, I'm saying it does not create a billion dollars of value. (Opinion, obviously.)
There is good evidence that it adds negative value to the typical end user. It certainly is a very expensive way to run cpu cycles for no good use cases as of yet.
ETH needs a healthy correction before it can go up. Even at 0.025, the price is too high and not many people are buying. Sooner or later, some ETH bagholders who got this coin from ICO will become impatient and dump causing huge panic. ETH may go to 0.015 if this happens.
I thought most of the ICO coins have been sold. The volume in the last 6 months is many times of the ICO.
ETH needs a healthy correction before it can go up. Even at 0.025, the price is too high and not many people are buying. Sooner or later, some ETH bagholders who got this coin from ICO will become impatient and dump causing huge panic. ETH may go to 0.015 if this happens.
It seems the bubble is deflating at the moment. The price is dropped to 0.025 now. The volume is also high.
https://bitcointalksearch.org/topic/m.14273230
wbb already ahead of eth and list development
esp when you see eth pump was mainly rich whales using their big btc and bots to pump it up on useless news. sad.
wbb already ahead of eth and list development
esp when you see eth pump was mainly rich whales using their big btc and bots to pump it up on useless news. sad.
It's getting pretty hard for anyone to make the case that Ethereum isn't a giant bubble. What makes this coin worth a billion dollars?
Selling all the ETH will never net $billion. Maybe $10 million before the price is near 0 due to the selling.
Market cap is a misleading metric.
More relevant is volume, except we have no way to know what percent of the volume is real versus insiders buying from the themselves to pump the price and volume up.
I think the project has great potential, but the guys are going much more for hype than for results.
Every coins has a potential but the users of ETH made a big hype about it and look what they have done to the coin,its going landslide.
They wanted the coin to be able to compete bitcoin but it really cant as it is still young.
I think the project has great potential, but the guys are going much more for hype than for results.
Ethereum has a more complete scripting language than bitcoin. These scripts that live on the blockchain can keep Ethereum and can give up some depending on logic stored on the blockchain. It would be useful for insurance for example. See the Ether Review on Let's Talk Bitcoin.
sdp
This is the first bit of useful information anyone has been able to tell me about it. Now though, what would make this more useful than handling insurance the traditional way? What exactly is the revolution here?sdp
Not even evolution there. To no surprise, it's still handled the traditional way.
Don't know where is the floor, but I hope histories like the guy that mortgaged the house are just trolling:
https://bitcointalksearch.org/topic/i-just-mortgaged-my-house-to-buy-ethereumback-in-baby-1388566
https://bitcointalksearch.org/topic/i-just-mortgaged-my-house-to-buy-ethereumback-in-baby-1388566
Why is any of this stuff worth anything? Figure that out and you'll have the answer to why eth is a billion market cap.
Not nearly the same. Bitcoin is a revolution because it proved the functionality of decentralized currency and has greatly reduced the cost of value transfer. Every alt coin that is a derivative without adding utility is just a pump seeking to capitalize off what bitcoin accomplished. That doesn't answer why some are bigger bubbles than others, but it seems to me that Eth is one of the largest bubbles in crypto. I've just been trying to find out if there was a legitimate revolution Eth has accomplished that people are then blowing out of proportion, or if it's just pure mania.
Your question will be answered next month when it reaches $2bn
A bubble getting twice as big doesn't answer the question as to why the bubble has value in the first place. As far as I can see, the only value the coin has is the perception that other people think it will increase in value. That's a bubble.
So I ask you sir, what should add value?
Perhaps I misspoke. I'm not saying adds zero value, I'm saying it does not create a billion dollars of value. (Opinion, obviously.) This appears to be a hype cycle, the same as bitcoin went through. This is the point where people get swept up in the fuzzy and undefined future possibilities and push the price to an unreasonable level.
And I don't understand a great deal about how Ethereum's blockchain is different from bitcoin's, so I'm asking for specifics about what makes it worth a billion dollars. I'm glad you actually work on the issue directly, because this will give me an opportunity to ask of you some specific questions to help me understand how this isn't a giant bubble:
1) Why is Ethereum's blockchain special?
2) What real-world uses do you see people using it for?
3) What governments are investigating and committing serious resources to Ethereum specifically?
4) What would an Ethereum app do utilizing a blockchain that makes it useful, and in a way that makes the blockchain a necessary component of it?
Ethereum has a more complete scripting language than bitcoin. These scripts that live on the blockchain can keep Ethereum and can give up some depending on logic stored on the blockchain. It would be useful for insurance for example. See the Ether Review on Let's Talk Bitcoin.
sdp
This is the first bit of useful information anyone has been able to tell me about it. Now though, what would make this more useful than handling insurance the traditional way? What exactly is the revolution here?
Your question will be answered next month when it reaches $2bn
A bubble getting twice as big doesn't answer the question as to why the bubble has value in the first place. As far as I can see, the only value the coin has is the perception that other people think it will increase in value. That's a bubble.
So I ask you sir, what should add value?
Perhaps I misspoke. I'm not saying adds zero value, I'm saying it does not create a billion dollars of value. (Opinion, obviously.) This appears to be a hype cycle, the same as bitcoin went through. This is the point where people get swept up in the fuzzy and undefined future possibilities and push the price to an unreasonable level.
And I don't understand a great deal about how Ethereum's blockchain is different from bitcoin's, so I'm asking for specifics about what makes it worth a billion dollars. I'm glad you actually work on the issue directly, because this will give me an opportunity to ask of you some specific questions to help me understand how this isn't a giant bubble:
1) Why is Ethereum's blockchain special?
2) What real-world uses do you see people using it for?
3) What governments are investigating and committing serious resources to Ethereum specifically?
4) What would an Ethereum app do utilizing a blockchain that makes it useful, and in a way that makes the blockchain a necessary component of it?
Ethereum has a more complete scripting language than bitcoin. These scripts that live on the blockchain can keep Ethereum and can give up some depending on logic stored on the blockchain. It would be useful for insurance for example. See the Ether Review on Let's Talk Bitcoin.
sdp
Why is any of this stuff worth anything? Figure that out and you'll have the answer to why eth is a billion market cap.
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