Topic: Ethereum should I buy or wait? - page 2. (Read 2961 times)
You should have to wait a little more, the price of ethereum is decreasing with each passing day, so wait until it reach to the bottom price and whenever you notice that ethereum has got a strong support and is now increasing, then start buying at that time.
with the present status of Ethereum you should only sell whatever you have and get out before bigger losses and wait for a long time and not get in even if you see a rise because that can be a dead cat bounce back because of a temporary small pump and you can actually lose money.
ETH is a joke. The devs were invested in the poorly coded DAO so they push for a do-over when it fails. They rush a soft fork that turns out to be poorly coded. Now they are going to rush a hard fork and hope the third time is a charm. Amazing they turn ETH into shit over a third party screw up. I am amazed it has not tanked much harder...
I just found this:
Ethereum is a running joke among Bitcoin experts. To the clearminded, it’s failure as an “investment” was always a foregone conclusion.
Here are some bullet points in no particular order:
A. Since transitioning from academic experiment to full-blown dishonest scam, Ethereum is laughed at at Bitcoin conferences.
B. For econo-math reasons, Ethereum is incapable of supporting “oracle contracts” (of which Augur is one). tl;dr How can “Rep” have a market cap, if the operations performed by the “Rep”-holders can be perfectly copied, for free? Therefore, market cap (and, crucially, the betting security margin) will be prohibitively low.
C. When Vitalik proposed Ethereum, the technical elite of Bitcoin were so impressed that 0% of them decided to endorse/join the project (compare this to hardware wallets, colored coins, stealth addresses, sidechains, elements project [confidential transactions, tree signatures, RCLTV], lightning network, and my own project).
D. The concept “don’t roll your own crypto” is very old, constantly-reproven, and universally endorsed. Crypto takes a very long time to get right; critical errors were regularly discovered in Bitcoin (which was actually a finished software product when it was published in Jan 2009) and continue to be discovered today. However, Bitcoin at least has consistent rules, and thanks to the Soft Fork the security can at least accumulate over time. With Ethereum, every contract changes the rules completely, and resets the potential chaos (For example, “Contract Z commits to ‘'’If contract X is created, auto-create the opposite of X and overfund it by Q.’’’ which disables contract X.” which leads to symmetry-gridlock).
E. Ethereum is out of money, the software will never reach a stable, usable state.
F. The Ethereum team endorses an even bigger running joke: proof of stake, which is also laughed at and compared to perpetual motion. There are reasons that Bitcoin embraced P2SH and LN, but rejected PoS, GHOST, etc.
G. Today, most people have still not heard of Bitcoin. Most that have, still don’t trust it. Quadruple that problem for Ethereum, as it has an even greater reliance on group(s) of people coordinating to switch to it.
H. Ethereum is strategically trapped: if they fail, the Ether will be worthless, and if they are successful, the project will be forked as a sidechain of Bitcoin (and the Ether will be worthless). They can only survive by maintaining “Goldilocks Success” and by generally being as vague as possible (which explains the overly-ambitious plans, countless buzzwords, endless promotional videos, etc).
Ethereum has only one use-case: quickly finding the most gullible “investors” people…those people who own Bitcoin but can’t think quickly enough to sort the signal from the noise.
http://bitcoinhivemind.com/blog/case-against-augur/
I am convinced, ETH is a marketing success and a total failure in the real world.
Slow clap. This pretty much sums up the Eth issue in plain speech. I'm not even going to bring up the centralization issues those 'oracles' bring when they report binaries to the block chain. I did not even consider the whole project could just be a sidechain, that would have made this much easier lol.
The marketing on this thing is something other coins, including bitcoin, can learn from.
ETH is a joke. The devs were invested in the poorly coded DAO so they push for a do-over when it fails. They rush a soft fork that turns out to be poorly coded. Now they are going to rush a hard fork and hope the third time is a charm. Amazing they turn ETH into shit over a third party screw up. I am amazed it has not tanked much harder...
I just found this:
Ethereum is a running joke among Bitcoin experts. To the clearminded, it’s failure as an “investment” was always a foregone conclusion.
Here are some bullet points in no particular order:
A. Since transitioning from academic experiment to full-blown dishonest scam, Ethereum is laughed at at Bitcoin conferences.
B. For econo-math reasons, Ethereum is incapable of supporting “oracle contracts” (of which Augur is one). tl;dr How can “Rep” have a market cap, if the operations performed by the “Rep”-holders can be perfectly copied, for free? Therefore, market cap (and, crucially, the betting security margin) will be prohibitively low.
C. When Vitalik proposed Ethereum, the technical elite of Bitcoin were so impressed that 0% of them decided to endorse/join the project (compare this to hardware wallets, colored coins, stealth addresses, sidechains, elements project [confidential transactions, tree signatures, RCLTV], lightning network, and my own project).
D. The concept “don’t roll your own crypto” is very old, constantly-reproven, and universally endorsed. Crypto takes a very long time to get right; critical errors were regularly discovered in Bitcoin (which was actually a finished software product when it was published in Jan 2009) and continue to be discovered today. However, Bitcoin at least has consistent rules, and thanks to the Soft Fork the security can at least accumulate over time. With Ethereum, every contract changes the rules completely, and resets the potential chaos (For example, “Contract Z commits to ‘'’If contract X is created, auto-create the opposite of X and overfund it by Q.’’’ which disables contract X.” which leads to symmetry-gridlock).
E. Ethereum is out of money, the software will never reach a stable, usable state.
F. The Ethereum team endorses an even bigger running joke: proof of stake, which is also laughed at and compared to perpetual motion. There are reasons that Bitcoin embraced P2SH and LN, but rejected PoS, GHOST, etc.
G. Today, most people have still not heard of Bitcoin. Most that have, still don’t trust it. Quadruple that problem for Ethereum, as it has an even greater reliance on group(s) of people coordinating to switch to it.
H. Ethereum is strategically trapped: if they fail, the Ether will be worthless, and if they are successful, the project will be forked as a sidechain of Bitcoin (and the Ether will be worthless). They can only survive by maintaining “Goldilocks Success” and by generally being as vague as possible (which explains the overly-ambitious plans, countless buzzwords, endless promotional videos, etc).
Ethereum has only one use-case: quickly finding the most gullible “investors” people…those people who own Bitcoin but can’t think quickly enough to sort the signal from the noise.
http://bitcoinhivemind.com/blog/case-against-augur/
I am convinced, ETH is a marketing success and a total failure in the real world.
If you waited this long, you might as well keep waiting until after the fork. None of us know what's going to happen, but we all have an inkling that the price will be going down, at least short term. You could buy prematurely, but why take the risk?
At a market cap of almost $1 billion, Ethereum is priced for near-perfection in execution.
But it ain't executing perfectly AT ALL.
If the Ethereum devs aren't invested in DAO, if the Foundation isn't invested, you can bet your last BTC that these guys, as curators, convinced whales to invest. Either way, it certainly appears as though VB is acting in his financial best interests to soft-fork, hard-fork, or do whatever he can do to protect his money or his whales' money.
It's truly disgusting.
But it ain't executing perfectly AT ALL.
If the Ethereum devs aren't invested in DAO, if the Foundation isn't invested, you can bet your last BTC that these guys, as curators, convinced whales to invest. Either way, it certainly appears as though VB is acting in his financial best interests to soft-fork, hard-fork, or do whatever he can do to protect his money or his whales' money.
It's truly disgusting.
It is difficult to say. I have not invested in DAO. But I still think getting back stolen money is good for the health of Etheruem.
At a market cap of almost $1 billion, Ethereum is priced for near-perfection in execution.
But it ain't executing perfectly AT ALL.
If the Ethereum devs aren't invested in DAO, if the Foundation isn't invested, you can bet your last BTC that these guys, as curators, convinced whales to invest. Either way, it certainly appears as though VB is acting in his financial best interests to soft-fork, hard-fork, or do whatever he can do to protect his money or his whales' money.
It's truly disgusting.
But it ain't executing perfectly AT ALL.
If the Ethereum devs aren't invested in DAO, if the Foundation isn't invested, you can bet your last BTC that these guys, as curators, convinced whales to invest. Either way, it certainly appears as though VB is acting in his financial best interests to soft-fork, hard-fork, or do whatever he can do to protect his money or his whales' money.
It's truly disgusting.
I think its better to wait more days because 10 days togo that block halving will be done in bitcoin.. so before you can start buy ethreum watch out for block halving.. if the price of ethereum is the same or it will reduce much more when the price of bitcoin is high..
With the recent price decrease its a gud buy right now and I'm buying more.
Good luck with your trade.
With the recent price decrease its a gud buy right now and I'm buying more.
LOL delusional. To the OP... Do NOT listen to these trolls pushing a scam that is destined to die. BTC and LTC are the only coins..
With the recent price decrease its a gud buy right now and I'm buying more.
To me, both sides of the trade are too risky. I wouldn't buy it - but I wouldn't short-sell it.
I'd wait with buying. This fork-dilemma looks like a real mess to me. The price is crazy high.
Sorry my mistake I was using filter😀
Glad I did not buy more, can't even sell Eth right now in exchanges. Price difinately going to crash otherwise no reason for exchanges to stop trading
Which exchange does not allow you to sell Ethereum? I trade in Poloniex, I have not problem buying/selling.
Glad I did not buy more, can't even sell Eth right now in exchanges. Price difinately going to crash otherwise no reason for exchanges to stop trading
the prices are going down since yesterday more than 8% and i'm glad too didn't buy or holding ETH even some people suggest me to try trade these coin but i don't dare to buy a lot and only small amount but i had just sell it immediately because if i hold it a little longer i guess it's too risky
Glad I did not buy more, can't even sell Eth right now in exchanges. Price difinately going to crash otherwise no reason for exchanges to stop trading
This would be a big conflict of interest. These guys need to publicly discloses their holdings.
And who will force them to do that?
Show us your holdings or we fork! We pitch fork!
The Ethereum community!
And who will force them to do that?
This would be a big conflict of interest. These guys need to publicly discloses their holdings.
And who will force them to do that?
This would be a big conflict of interest. These guys need to publicly discloses their holdings.
And who will force them to do that?
Jump to: