To everyone converting BTC to ETH - page 5.

pereira4

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Quote from: BitCoinDream on March 05, 2016, 02:03:37 PM

Read a little about history of NXT, while jumping ship to ETH as a store of value. Compare the following two graphs...

a. http://coinmarketcap.com/currencies/ethereum/#charts

b. http://coinmarketcap.com/currencies/nxt/#charts

Compare the following facts...

i. NXT was backed by a centralized organization, just like ETH.

ii. NXT was PoS, just like ETH will ultimately be.

iii. NXT offered asset exchange, while ETH offers smart contract. Both of these functionality, which they claim to make them unique, are actually possible on bitcoin blockchain, which is far more secure.

iv. With price rise, NXT backers sold their holding to increase liquidity in the market. With price rise, ETH backers are increasing ETH supply in the market to increase liquidity in the market.

p.s. Alt coin trading is a gambling. If u wanna test your luck on some coin under pump, its fine. But, make sure to come back to BTC, when u have made enough, otherwise u'll lose all and have to be a mute spectator while the next alt wave hits. GooD Luck Wink

Good thread OP. It's good to remember that if this mistake happened on ETH without PoW (in PoS mode as they intend to go in the future) it would have been an absolute disaster. It already is, but way worse. Imagine that a guy gets millions of hacked ETH and now has a big say on the network due PoS. This is PoS is piece of shit and not proof of stake.
BTC is still king, stop dreaming with a BTC 2.0.

Warren Buffet

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Quote from: BitCoinDream on May 31, 2016, 06:49:44 AM

Quote from: raphma on May 26, 2016, 05:05:48 PM

The time to invest in ETH it's probably over. DAO was the last chance to get some money with it.
POS is coming and it will be doom for eth. Slow bleeding till the end of the year.

I think VitalBut & Co. has more shock & awe tricks under the sleeves.

Thanks a lot for this thread. U saved a lot for me. Now they are planning to halt trading at exchanges for coin rollback. It is like bond buyback of Federal Reserve. Fu**ing centralization. Worse than NXT.

https://www.reddit.com/r/ethereum/comments/4oif2x/dao_attack_exchanges_please_pause_eth_and_dao/

BitCoinDream

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The revolution will be digital

Quote from: raphma on May 26, 2016, 05:05:48 PM

The time to invest in ETH it's probably over. DAO was the last chance to get some money with it.
POS is coming and it will be doom for eth. Slow bleeding till the end of the year.

I think VitalBut & Co. has more shock & awe tricks under the sleeves.

raphma

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The time to invest in ETH it's probably over. DAO was the last chance to get some money with it.
POS is coming and it will be doom for eth. Slow bleeding till the end of the year.

icet208

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Quote from: LiberOptions on May 26, 2016, 01:20:00 PM

Ethereum was never meant to become a store of value similar to bitcoin. It was designed to become the tkens that maintain the Ethereum network alive. Of course that Ether has value but it was designed to be a token and not a currency. That being said, I think that Nxt is much more adequate to be used as a store of value than Ether!

agree with you. ETH is very different than BTC. I don`t see that ETH is or will be a competitor to BTC. It just have different purpose

jdmorgan

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Nowadays all the alternative coins on the market are only a speculation for doing bitcoin by the dev that create these.

The only good things are that they bring a lot of ideas for improve the bitcoin.

LiberOptions

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Ethereum was never meant to become a store of value similar to bitcoin. It was designed to become the tkens that maintain the Ethereum network alive. Of course that Ether has value but it was designed to be a token and not a currency. That being said, I think that Nxt is much more adequate to be used as a store of value than Ether!

glendall

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As I just posted in another thread, I don't see how ETH can be selling for 0.027 right now. Anything over 0.015 blows my mind to be honest. I think there is going to be remarkable ETH crash and I don't get why there is such a frenzy for it. But who knows, there may be no reason to it.

Rubberduckie

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I have to admit I did convert some but only to just have
diversity

I definitely agree people shouldnt trade all their btc into it. But
having a little diversity never hurt anyone

MingLee

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ETH has a consistently failing market share, and can't keep a decent value unless there is a large buy-in from multiple investors and people putting money into it because of a movement somewhere else with some other cryptocurrency.

Ethereum is not a good investment, and I have no idea why people still treat it that way. But whatever, it isn't my money that's being spent.

diodio5

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Quote from: lumeire on May 25, 2016, 12:17:15 PM

I believe a huge chunk of people who went to ETH are trading, because we all know ETH volumes are crazy nowadays. Besides, there's no harm in splitting your eggs in a few baskets, not just one.

I was quite hesitant to altcoin. a few years ago there was a altcoin also makes me buy a lot altcoin and altcoin was fairly well known and is in the top markets in the various exchanges. but after a lot of people selling the coins now it's just a valuable coin for trash I prefer to trade bitcoin / usd

bestluck

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Quote from: pereira4 on May 25, 2016, 01:30:19 PM

ETH will be great to get some extra BTC off all the idiots that think it's going to take over Bitcoin's #1 spot, so what can I say? Let them keep hyping it out, im considering buying some myself and try to short it, but you never know when this thing will collapse.

I feel bad for those going long term on Ethereum, but not everyone can win.

It is really harmfull for us to go long term for ethereum in this year, I do not see any success or permanent increase in value at this year for ethereum, but maybe after a few years someone or some bigger companies start to support ethereum and it get some success, but not sure.

cjmoles

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Okay....There is a big difference between measuring a technology in terms of its worth in dollars and measuring a technology in terms of the utility of its application. The true value of the Ethereum project is in its ability to attract an innovative community of developers to create a platform of decentralized applications which supports the network. It was never meant to be an alternative to bitcoin. One glance at the workload the community is providing in support of the network and the difference becomes obvious!

See here: http://dapps.ethercasts.com/

One can't measure that utility with a ticker number on a rogue exchange somewhere.

Ethereum is not in the same class as the NXT....

HarryKPeters

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There is some potential behind ETH but not enough to make you feel scared. Bitcoin is way bigger. Not just the market cap but the total financial system. In that regard ETH hasn't even surpassed litecoin or dogecoin....

ngenko

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Quote from: mindrust on May 25, 2016, 02:27:24 PM

As long as i see, nobody gives a crap about Eth and its side businesses like DAO or the others. Nobody gives a flying crap about the tech behind it, or who the founder is.

People saw an opportunity to make easy money. When eth started to appear on big exchanges like btc-e, people bought it because it created hype. Hype was over when the price hit 15$ tho. There may still some small hypes left for eth. Remember, Ltc was 50$ once.

totally agree.
I just regret that I did not buy ETH when it was 1 usd and was considering doing it.
If I did, I would sell everything now.

mindrust

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As long as i see, nobody gives a crap about Eth and its side businesses like DAO or the others. Nobody gives a flying crap about the tech behind it, or who the founder is.

People saw an opportunity to make easy money. When eth started to appear on big exchanges like btc-e, people bought it because it created hype. Hype was over when the price hit 15$ tho. There may still some small hypes left for eth. Remember, Ltc was 50$ once.

amacar2

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Quote from: K210 on April 15, 2016, 12:23:14 PM

all ipo/ico coins will fail.mark my words.

even lots of or almost all of us know this but we still love and keep buying ico coins to dump on mainnet launch for even 2x of the ico price. Noone in crypto community care much about tech behind crypto these days all find it quite way to get some bucks.

pereira4

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ETH will be great to get some extra BTC off all the idiots that think it's going to take over Bitcoin's #1 spot, so what can I say? Let them keep hyping it out, im considering buying some myself and try to short it, but you never know when this thing will collapse.

I feel bad for those going long term on Ethereum, but not everyone can win.

Superways

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We really have to come back to BTC as the year of 2016 is the year of bitcoin and in this year only bitcoin will flourish and in that period all other coins will lose their value , and in this way everyone who have invested their money on other coins like Ethereum will lose their hard earned money.

crazyivan

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Hm....really interesting comparison. Still, I believe ETH s much more then NXT. After all, that dev team s been delivering much more and lots of other startups are linking to it.

Topic: To everyone converting BTC to ETH - page 5. (Read 8872 times)