Topic: Ethereum Is not Worth More than 5$-10$ - page 2. (Read 7053 times)

Actually ethereum smart contracts is really revolutionary and yes it is not just a regular cryptocoin that can only be used for payment, it is platform where different self executing system can be built including dice game like vdice have. However DAO disaster have made ETH to lost its charm and price.

Yes, but ETH does not have what it takes to be on top. I think the maximum value ETH will ever reach will be $40 in all its life. I have sold my ETH when I felt, I have made enough profit with it. 

cryptocurrency actually created not only for payments, but could include for some aspects, among others as currency and for investments

what the hell are you doing in the cryptosphere?
bitcoin is worth like 1 ounce gold but you are complaining about ether with some 20 dollars and when it success
you say its manipulated. ridicoulous.
cryptos are unstable currencys so people speculate with it. when you have so many problems with that why dont you just go away?
go and make programs for centralized currencys. central banks are regulated and most people use the money for consuming instead of gaining profits.
thats a place where you can be happy.

I can't speak for others but i was saying it SHOULDN'T be very high.
Whether it stays high or not is not the point..

It's obvious the ETH price has been manipulated to be high and stay there so who knows.
If whom ever is behind it all pulls out then yeah we might see it tank hard.
But i don't see that happening off hand.
You can tell Butters & friends are hell bent on staying in the no. 2 position.
So they WILL do what ever it takes to STAY there.

But who knows they may well be already planning a new coin scheme then dump like crazy.

The price is what it is, you may think it is overvalued at the moment but if you do and you are a trader then short the coins and earn profits while the coins goes down if you are so sure of your prediction.

More power to ya guys.. wanna buy ETH ICO tokens for $20 each ?
Say that out loud and tell me that sounds like a "smart" plan 

How many people have so many opinions, whether or not it is not worth it even can not say whether bitcoin is correctly estimated, and you ask about etherium ... and about ltc in 2014 I generally keep quiet

This is my third time in the btc/alt world ... early in 2011, then ran away. Fall of 2013 and then ran away, now back since december and not running away this time. Each time I didnt set up a trading account with a proper exchange hence when I wanted to jump back in, I was left with local bitcoin or similar ripp off because it would take weeks before deposits got received and I wanted so badly in that I didn't have the patience to follow through and really set up my "crypto system" of buying, selling and or holding.

Now, stupidly enough I was slow in the fall 2017 again but in Canada, there's now better systems to get in than before.

Some friends saw me and they badly wanted to jump in in february hence they took the 4-5% fee on credit cards on Coinbase and they all jumped in, 10 of them. What they bought? ETH. And they've been following me and learned from me that cryptos could have a future if people say so. Hence for them pooring some hundreds or thousands of dollars there and wait for 2-3 years is not a big issue. If you look at the rate of buying on the exchange, lots of new volumes came exactly from there, the little guy or girl who has seen that BTC could run up over a LONG timeframe and that's probably what a lot of the holders now (is it enough to keep the price as there's always whales) but hey, they understand, without being traders themselves but enough educated, that paper is as much worthless than cryptos depending in which you believe...

And they are all attorneys, accountants, nurses, etc people dealing with papers everywhere and dream of a world with blockchains and all everywhere.... And they read the news, they see big institutions going into this third 3rd/4th wave and they sort of know that there is a shift sooner or later that will be there at their door. And they want in, part for the value but also part for a better functionning of their relative systems, work or personal.

I have no clue where and how and when and where it's going, how much up or down, which one or if ETH is better or worse than ETC because of inflation, but if there is more people and more people believing, that means more holders.

That's only my analytical got and i'm no trader, where I work there is big, paperbased contracts and stuff slowing down everything, and if the technology can get there and lift some people with it in both ways (technically and financially), what is risking some savings and see this as a long term investment. Which I think more people now believe.

We cannot know the value of a crypto as long as there are greater-fool games, and greater fools come in.  The true value of a crypto, in the long run, is the extra value creation in the economy it allows to create, that isn't possible without it.  In other words, the true value of crypto is the competitive edge crypto brings, over fiat, to value producing agents, that bring value to consumers.  This is what the market price will indicate.  At this moment, the market price simply indicates the expectation of finding greater fools in the relatively near future.  This is not an error of the market.  If the market indicates, for instance, that a bitcoin is $1200, it means that there's an equilibrium at that price between new, greater fools coming in, and buying up the amount of coins that are made available, by "older fools" that find this a reasonable benefit to cash out on them.  But that is not the economic value of bitcoin in the long run.  The economic value of bitcoin in the long run is the value creation in the economy that its existence allows, and that couldn't exist without it.

Like the true economic value of a truck resides in the value it creates by allowing transportation that wouldn't have been possible without it (the competitive edge that truck transport has over other means of transport).

As of now, the only clearly established case of competitive edge that crypto has over fiat, is in dark markets.  There is true value creation in dark markets that has become possible with crypto, and that became more and more difficult with fiat.  By far most other applications of crypto haven't brought much economic value creation that wasn't possible with more classical means of payment, or contracts.  The main drive of market cap of cryptos resides in speculative greater-fool games.

But that doesn't mean that, when we run out of greater fools (that is, when all those ultimately interested in crypto, came to crypto, and no other people are interested or will be interested in it), that there will not be other value creation cases.  Only, for the moment, there aren't any on the radar.  

It is only at that point that the market will be able to indicate the true value of crypto: when there's no more hope to sell to greater fools at higher value, when the last layer of "greater fools" has been reached, and there's no specific reason to hodl any coin, because it won't rise because of more demand by more fools, but will only be sustained by the demand for usage in its value-creating use cases.

Hey buddy, you may consider ether is most hyped and valueless coin. Its your opinion. But many think it has got a hugh potential .I personally think ether is a good cryptocurrency to collect and I always do. Even when bitcoin was introduced everyone thought it was a joke.It was just few cents.Did anyone think its price will rise like this? Likewise ether's price will also increase with time. In my opinion present price of ether is also not good. Wait and watch. Only time will tell the price of ether.

I'm not a programmer and I'm quite new to Ethereum, so maybe that's why I disagree but I think that Ethereum has big security issues and yet it opens a wide range of opportunities and so some nice use of it can appear later. I think it is one of the most promising currencies and it has chances to become as popular as bitcoin is. Ethereum is too new, so we shouldn't make hasty conclusions but I think it is worth buying some right now and hope to end up with a couple of thousands of dollars in 5 years.

Overprice,maybe.

But if there still someone used for transaction, it still on. Is up to us how to get the profit from it.

No you heard them paying their Azure hosting bill.. many other shitcoins pulled that stunt too.
Don't be low hanging crypto-fruit profiteers 

According to you it is not. According to the market it is worth higher and potentially much more in the future. It is easy to think and say things like what you said if you are not holding any ETH. Maybe you have biased reasons why you think ETH should be lower? You believe you missed the trade perhaps?

That is true for any cryptocurrency. The key point is predicting which coins will see a boost in adoption. In the alt space, ETH is already the most valuable currency. The question is will it go higher?

ETH is worth more than $10. It's not just a coin that moves from point A to B. It is part of an entire ecosystem for creating decentralized applications and is used as the fuel for running operations on the Ethereum network. As this ecosystem gets larger the demand will likely increase and outpace supply, resulting in a per token valuation greater than $10.

Eth isn't bad at all it's just you require lot's of patience and if you compare it with bitcoin the coin is useless as the price barely increases. I had invested in eth for 6 months there wasn't any increase so I gave up and then the price increased.

I can relate to this! I got into ETH recently because I read that Microsoft and Intel are
onboard to some degree, which would suggest they see some -value- in ETH

I believe everyone is entitled to his or her opinion in which you have rightly done and you should equally not be condemned for but if it were to be by wish or opinion that the price of coins are determined, I am sure the price of bitcoin would have been $100000 to a bitcoin but unfortunately, it does not work that way. The prices works, our opinion does not matter its on the basis of demand and supply and nothing else probably other factors that are not quantifiable.