Topic: Is Ethereum a pump and dump? (Read 2462 times)

   I suspect herbert knows what he is talking about.

  In the example of rent as a smart contract, I fail to see how bitcoin could not serve this same purpose, I mean you could just use a normal contract and use bitcoin to verify that payment is being sent from one address to another. Please explain to me where the actual value added proposition of ethereum over bitcoin comes in.

It has a level of anonymity & that was it's main purpose other then exchanging digitally  , the point of me bringing it was to offer the OP some basic understanding of the two he/she was asking about.

And in reply to you're ETH comment, yes you would never see Google taking up ETH, they would just make there own if anything , but my point was more that ETH allows innovation via smart contacts , not a point of is there better cos again the point was to give the OP some basic understanding of the two.

As for better, it's still early day's & we will see so much more in this space from every angle




   

not at all.

first of all bitcoin is NOT the first cryptocurrency on the market. there have been a couple of others before bitcoin and some more just small projects not a full network before it. but bitcoin thrived among them and became big. so it pushed them aside and became number 1.

also bitcoin doesn't have a premine but eth and most of the altcoins do.
bitcoin have a good developing team that has been checking the code, improving and other things. but none of the altcoins can say the same. they fail to do simple things. ethereum is easily exploitable for example.
bitcoin has the most secure network which none of the altcoins have.
bitcoin has the most adoption among merchants which NONE of the altcoins have, the altcoins never leave exchanges and ethereum is never used in anything other than smart contracts which is a fancy word for ICO scams.
and a lot more ..

so you see the fact that you are not informed properly doesn't mean you are right. people didn't randomly choose bitcoin for investment or for store of value or for usage as a currency they chose it because it is the best thing among all the cryptocurrencies. but in the past couple of months because of problems the fees have gone up and all the altcoin pumpers are using this fact to milk the masses out of their money by fooling them into investing in all the altcoin craps.

Ethereum it -49.77% annualy

Almost all altcoins can do what bitcoin does but better yet bitcoin is still on top. Why? Because it is the first cryptocurrency on the market. The same can be said of Ethereum, smart contracts can be done by other coins yes but Ethereum has first mover advantage. As for the premine it was never hidden from the public.

in short if you could invest in these ICOs with anything but ETH, like if you could buy them with bitcoin only, then ETH price would have still been at 0.01BTC at most.

bitcoin doesn't give anyone any good level of anonymity, and those who want that are using Monero instead.

this is actually the main problem!
because smart contracts is the only thing that it offers and unlike bitcoin it is not really a unique thing to use, there are other platforms that does the same thing even better!!
and also the business world that you are talking about will never use ethereum, they only get in, watch and learn, then go implement their own thing to have extra security and don't worry about the 72 million ETH token premine thing...

It absolutely is. A lot of tech talk but I cannot imagine that was your implied premise. It's got miles to go first before the real holders cash in and the feds regulate ICOs.

Etereum affects new investors who know the crypto world, this is happening recently because of the delay they know and hold bitcoin.
But for these old investors do not affect anything in accordance with their ethereum like decoration without any special in it.

I believe erh is more than pump and dump, there are serious investors and developers that want to develop this coin, eth now has become bitcoin sidekick, so if anything happen to bitcoin the most possibility replacement is eth

  It seens that for some reason ethereum appeals to people who have the kind of money to have major influence on the media as well... I get the feeling perhaps it has been picked by rich people who realize they are too late to catch the bitcoin train but that they can capture a large percentage of bitcoin market share by pumping up ethereum, which perhaps is easier due to its more centralized nature. Also the price would be easier to pump up to force weak hands to diversify out of bitcoin, creating a snow ball effect.

Ethereum will continue to rise as long as these ico's stick around, I work at a big company and people that never heard of cryptocurrencys hear something about it, it seems to be ethereum these days so word is def getting out about it and as long as new people keep hearing about it i think it can keep gaining adoption.

Agreed. It may have been a pump and dump coins after all. But the pump we are seeing are just too hard to ignore now. And we may never see that the price could go down as low as it was before. ICO's are offering ETH as alternative now to bitcoin as form of investment. So for this reason alone, it will not go down soon but instead still go up as time passes by.

Since Ethereum is a contract based token platform and we are seeing more projects using them we are seeing these sort of price,it is just my opinion and  if you need to seed those contracts you need ETH as gas to send the contracts and i think that is the case here,will it keep going higher,it might as long as the contracts are going strong.

Pump and dump is part of all cryptocurrencies and ethereum is no different. It surely is a pump but i don't think that ethereum will fall back to its old price ever now because we can't deny the fact that it is gaining more and more popularity everyday and many people are investing in it because of its features and capabilities.

Bitcoin is predominantly used for anonymous transactions .. ETH have "smart contacts" as the main feature, meaning it's suited for the business world because you can integrate an objective into the coin

Ie : I will make a contact with Joe for him to rent my house , every week he pay's me $300 , if he misses the payment , take payment from x account which is the bond money for the house. You can then take the smart contact to court as evidence to re-claim you're money from Joe..

In simple you can do more with ETH.. The only issue with ETH is that the code language used is new so not much people or Dev's would know it, it's called  Solidity..

That's where Lisk or LSK comes in & where i think it has very good value, it uses a code language that everyone understands which Java script, simply means more people or business will be able to work with it much easier then ETH i reckon..           

   See, this is the sentiment that worries me.

   Ether is missing what to me is a key element of any strong cryptocurrency- limited supply. Somehow its utility is supposed to make up for this, but no one can really explain to me how it can do what other coins can't!

     It is plausible that institutional money is behind it to try to have a cryptocurrency they can have more control over than bitcoin, since the big money was too slow to really get in good with bitcoin.

   This makes me think all of the smart bitcoin people are going to avoid it, and a bunch of trigger happy green horns are going to freak out when the inevitable correction takes place, and fear losing their huge profits, and run ethereum into the ground.

   I'm sure this won't kill it but I would be very fearful of the current market trend.

  I just wish some programmers would show up and explain to me how it is really better to work with than bitcoin. Come on, it can't be that hard to explain, can it?

Ethereum coin is promising coin and I think ethereum coin have big future and I think if bitcoin die ethereum is the next 1 crypto the crypto world. So its better to buy ether now and for sure after few months you will earn a lot of profit. Ethereum is porfitable to invest because the price is continue to increase everyday and I think many people love ether. Dont waste time invest now.

The altcoin market is a new market that different from any other currency market like share market. There are no pumping and dumping limit in a day, so you can see many coins pump  more than 50% in a day, or pump more than 30% during more than 3 days. So it many traditional rules are not suitable for this market and we should learn to follow it.

hope you are right

the problem with ethereum and its price rise is that the community is using it! but they are using it in a wrong way. in the past few months that the price skyrocketed people have been rushing to exchanges to buy ETH tokens in order to participate in the countless ICOs that currently exist and there is no possible logical explanation for their actions since not all of them are even half good!

and the biggest problem that will show itself pretty soon is when all the developers start turning all those free ETH tokens they got from ICO crowdsale thing and crash the price hard! and when a drop happens it usually is followed by panic sells.