Well, in ETH's defense... they are trying to do something completely different than what bitcoin is still trying to become, which is a way to transact money on a public ledger. So I don't really see how Bitcoin should feel "threatened" that people are moving their money towards this project.
On top of that there are other alt coins that do something completely different compared to Bitcoin as well, like the coins that include cryptonote in their code base.
So even though putting money into these kind of coins could be called "gambling" in a sense; there is no real correlation between these coins at all... It's not like someone copied Bitcoins code and put some goofy/clever name on it to influence people to pump the shit out of it to earn a couple extra satoshi's... these altcoins actually are trying to solve something that Bitcoin can't.
Topic: To everyone converting BTC to ETH - page 8. (Read 8933 times)
also, if anyone is telling you its a great time to buy. they are doing this because they have already bought and want other people to buy so that they can sell..
in short if you are hearing about some great deal.. your already/nearly too late..
those that spot a great deal dont publicise it, because that creates competition which causes a price rise before the initial person has bought in.
so learn this hard lesson. if someone is telling you to buy somethin, why are they not afraid of the price rising, why are they shooting themselves in the foot, and reducing their own chances of buying more.
usually when you hear someone shout out a doomsday, that has no merit. dont blindly think you should jump off the ship because they say so. instead you should be buying more bitcoin while its cheap. because the fake doomsday is just a bit of temporary social drama
in short if you are hearing about some great deal.. your already/nearly too late..
those that spot a great deal dont publicise it, because that creates competition which causes a price rise before the initial person has bought in.
so learn this hard lesson. if someone is telling you to buy somethin, why are they not afraid of the price rising, why are they shooting themselves in the foot, and reducing their own chances of buying more.
usually when you hear someone shout out a doomsday, that has no merit. dont blindly think you should jump off the ship because they say so. instead you should be buying more bitcoin while its cheap. because the fake doomsday is just a bit of temporary social drama
To your average crypto mong ETH looks far more reassuring than NXT ever did. That came out of nowhere with an anonymous dev off the back of a 21 BTC investment.
Having said that I'll be willing to bet an ether that the humongous majority of investors don't know what ETH is, where it's going and who or what's in charge. That's not pointing towards something sustainable.
Having said that I'll be willing to bet an ether that the humongous majority of investors don't know what ETH is, where it's going and who or what's in charge. That's not pointing towards something sustainable.
i wonder if the btc mining cartel is now in the market trying to support bitcoin's price?
in the context of the upcoming halving they would be seriously concerned by a run on BTC.
if BTC is sub $300 immediately prior to the halving then $150 will be relatively close to the break-even line.
is this black swan/ perfect storm scenario for bitcoin?
in the context of the upcoming halving they would be seriously concerned by a run on BTC.
if BTC is sub $300 immediately prior to the halving then $150 will be relatively close to the break-even line.
is this black swan/ perfect storm scenario for bitcoin?
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 
Rarely does the contender with first-mover advantage maintain his/her leading position. Add that to the fact that core is killing bitcoin by failing to act in a timely manner to address the block size issue.
This is a competition and bitcoin is being left behind. For some reason, the community continues to allow its core developers to be bought and paid for, controlled like semi-puppets filled with conflicting intentions. If Satoshi were here you'd have 2MB blocks and no corporations co-opting core.
I think ETH is probably overbought at the moment and will pull back soon, but other coins are gaining strength and are strong and vital competitors. Unless bitcoin can address its current growing pains by shaking off the corporate puppet masters, expect its reign as king to enter the final chapter.
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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
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
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