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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: HCLivess on August 11, 2015, 08:11:15 AM



Title: Ethereum is horribly overpriced
Post by: HCLivess on August 11, 2015, 08:11:15 AM
If you buy 2100€ worth of BTC, you will have 0.00003 % of total coins
If you buy 3000 ETH for 0.7€/piece (2100€ total), you will have 0.004% of total coins
If you buy 2100€ worth of NXT, you will have 0.02 % of total coins

https://i.imgur.com/zIVlk3b.jpg
https://scontent-lhr3-1.xx.fbcdn.net/hphotos-xfp1/v/t1.0-9/11836764_1612882135620336_5572681044633645232_n.jpg?oh=022a6d4d75ba38c2de6085288f15df19&oe=5642CFB6


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 11, 2015, 10:00:29 AM
Not really. The price shows the expectation that the dev team will begin to dump ether. But in an interview I watched vitalik said there would be no need to liquidate ether because they have "other sources" of funding. 


Title: Re: Ethereum is horribly overpriced
Post by: unusualfacts30 on August 11, 2015, 10:30:47 AM
cause it's only listed on one exchange. wait till hits trex  ;D


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 11, 2015, 10:35:41 AM
The dumping by the noobs was pretty much contained on kraken and the price has stabilised. When it hits other exchanges there will be higher inflow of capital.  And then China.


Title: Re: Ethereum is horribly overpriced
Post by: nextgencoin on August 11, 2015, 11:21:23 AM
Not really. The price shows the expectation that the dev team will begin to dump ether. But in an interview I watched vitalik said there would be no need to liquidate ether because they have "other sources" of funding. 


Other sources......thank you Goldman Sachs..


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 11, 2015, 11:27:04 AM
Better than no source of funding at all like your melted vanilla ice cream coin.   

It's a shame there's no proof that vanillashit even works apart from a nice GUI in a YouTube video.


Title: Re: Ethereum is horribly overpriced
Post by: nextgencoin on August 11, 2015, 11:56:14 AM
Better than no source of funding at all like your melted vanilla ice cream coin.   

It's a shame there's no proof that vanillashit even works apart from a nice GUI in a YouTube video.


Again you paid internet trolls are defending Ethereum by attacking another coin. So what if vanilla coin is the scam of the century......does that fact make Etherum less over valued?


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 11, 2015, 12:00:48 PM
Nice projecting bruh. All I'm doing is pointing out how shit your vanilla poopoo coin is don't get mad m8


Title: Re: Ethereum is horribly overpriced
Post by: ElitistCA on August 11, 2015, 12:08:21 PM
Nice projecting bruh. All I'm doing is pointing out how shit your vanilla poopoo coin is don't get mad m8

What?! Sorry, but something called vanillacoin has to be world changing discovery! :D

Why is ETH so overpriced, when Giants like IBM and Samsung are interested in it, and Even Goldman sachs want to make money off it??? OMG, that is like goldmine.

Anarcho capitalists are very naive, I like them they are idealists and that always make my eyes wet, it is pretty. Real world on other hand is totally cynical, animalistic and ruthlessly efficient. I dont see much chances that nerdy dreamers gonna crush corporate power anytime soon.


Title: Re: Ethereum is horribly overpriced
Post by: Blazed on August 11, 2015, 12:36:15 PM
I agree It is over priced for now, but it will keep getting dumped until the market decides what the real price is. You can not really compare it to those other alts as no one knows what they even are unless you frequent this board. The only listed alt with any real public exposure is doge, and it was made as a joke. While I think the whole ETH thing is not a scam - it is over hyped for now. When will ETH actually be useful?


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 11, 2015, 12:37:10 PM
There is nothing wrong with anarcho capitalism. I am one myself.  But ancap is anti government and pro free market. In an ancap world there will still be corporations.  I think ethereum is actually democratic. It's censorship proof and anyone can write DAPPs for it and run them on the network. I think the mining algorithm is currently asiC proof which helps to make it more decentralised.


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 11, 2015, 12:44:26 PM
I agree It is over priced for now, but it will keep getting dumped until the market decides what the real price is. You can not really compare it to those other alts as no one knows what they even are unless you frequent this board. The only listed alt with any real public exposure is doge, and it was made as a joke. While I think the whole ETH thing is not a scam - it is over hyped for now. When will ETH actually be useful?

I think it's actually underpriced. If you think it's overpriced I don't think you really understand the potential. Dapps by their very nature will outcompete traditional services. The network will have no downtime and you can transfer more value between users and service provider than traditional companies like Uber/ airbnb etc.  

Imagine a Uber app that was impossible to sue or shutdown and is cheaper than Uber and drivers earn more money than uber. I think uber and traditional taxi businesses would be shutting down in 3 months if that happened.  Basically a profit less uber with zero running costs, all mediated over the ethereum network.   Look up la'zooz for an idea of what I'm talking about.


Title: Re: Ethereum is horribly overpriced
Post by: MisO69 on August 11, 2015, 01:33:32 PM
Its over priced right now. What you get is a text based wallet that has issues mining on windows and not much more. It looks like smart contracts are implemented since people are playing pyramid games already. You need Linux to make it work as far as I can tell. I haven't really looked for windows wallets since the launch date so maybe some things have changed.

My guess is it drops down to 10 cents or less. Looking forward to this so I can buy in.

The future of Ethereum is very promising. In one or two years this coin will likely be #2 on CMC. It will depend on how the devs perform and what they can do.


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 11, 2015, 02:05:17 PM
Its over priced right now. What you get is a text based wallet that has issues mining on windows and not much more. It looks like smart contracts are implemented since people are playing pyramid games already. You need Linux to make it work as far as I can tell. I haven't really looked for windows wallets since the launch date so maybe some things have changed.

My guess is it drops down to 10 cents or less. Looking forward to this so I can buy in.

The future of Ethereum is very promising. In one or two years this coin will likely be #2 on CMC. It will depend on how the devs perform and what they can do.

It's rather arrogant of you to claim the price will drop to Presale prices or below.  If you look at the chart you can see its on the bottom already. There is no one that would be silly enough to sell their presale coins at or near the presale price.  If you want to come to the moon with us you need to buy the ticket now, because when the first chinese exchange opens this rocket will be leaving orbit.


Title: Re: Ethereum is horribly overpriced
Post by: shanem on August 11, 2015, 02:37:15 PM
ETH is overpriced when there is so much supply.
It will drop to 0.50 soon.


Title: Re: Ethereum is horribly overpriced
Post by: Robin,Hood on August 11, 2015, 03:01:59 PM
Yep, Ethereum is in monster bubble territory.
There are interesting coins in china which are seriously undervalued. For example VPNCoin:
https://bitcointalk.org/index.php?topic=1138930.0


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 11, 2015, 03:10:56 PM
ETH is overpriced when there is so much supply.
It will drop to 0.50 soon.

So much supply?  Who do you think is going to supply you ether?  Presale buyers? No. Any that wanted To dump already did at a higher price than this. Miners?  They are lucky to get 1 block a day and a block is 5 ethers. 

If you'd have bought ethers any time over the past couple of days you would be in profit right now. If you don't believe me check kraken Eth/btc.  The price is exactly a dollars worth of bitcoins. 0.0029btc. A FAIR price would be $3 worth at ethereums current stage of development.


Title: Re: Ethereum is horribly overpriced
Post by: NorrisK on August 11, 2015, 03:34:18 PM
ETH is overpriced when there is so much supply.
It will drop to 0.50 soon.

So much supply?  Who do you think is going to supply you ether?  Presale buyers? No. Any that wanted To dump already did at a higher price than this. Miners?  They are lucky to get 1 block a day and a block is 5 ethers. 

If you'd have bought ethers any time over the past couple of days you would be in profit right now. If you don't believe me check kraken Eth/btc.  The price is exactly a dollars worth of bitcoins. 0.0029btc. A FAIR price would be $3 worth at ethereums current stage of development.

Most people have not even figured out how to send their ethers to an exchange to dump them... Imagine if they had taken the few hours to build an actual GUI wallet what the carnage would've been...


Title: Re: Ethereum is horribly overpriced
Post by: ElitistCA on August 11, 2015, 04:08:43 PM
pump is on.


Title: Re: Ethereum is horribly overpriced
Post by: devilfischer on August 11, 2015, 04:14:12 PM
All pre-sales had access to a wallet sweeper and could of easily dumped if they wanted already. If there was GUI included then it would actually introduce a much bigger buyer market rather than any seller market. But this has been purposely released geared towards developers as it is not ready for mainstream audience yet and its also intended to secure the mining network. The GUI will be included in the next release or two within some months I believe. Also there is a GUI wallet available, just not endorsed yet, and the GETH command line console is simple. Otherwise take the risk on an exchange for a bit and use their web wallets.


Title: Re: Ethereum is horribly overpriced
Post by: s1gs3gv on August 11, 2015, 08:07:36 PM
So many crystal ball gazers. So few seers. ~LOL~


Title: Re: Ethereum is horribly overpriced
Post by: HCLivess on August 11, 2015, 08:22:17 PM
Nice projecting bruh. All I'm doing is pointing out how shit your vanilla poopoo coin is don't get mad m8
Yes I want some Vanilla, but I dont have any yet  :( it's too expensive too

what i dont like is that everyone knows ethereum
its been a year since the ipo - the suspense is incredibly huge for all investments not to be already made (serious demand vanishing) -> cant take any pump seriously now, sorry
ive seen auroracoina and gone though ltc, vtc bear markets

I hope it drops to 1/5 in 6 months
0.0006BTC/eth


Title: Re: Ethereum is horribly overpriced
Post by: HCLivess on August 11, 2015, 08:41:09 PM
also, would be nice of you cowards to use your "real" btctalk identity


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 11, 2015, 08:51:44 PM
Doubt it mate. We'll never see these prices again. Stay poor.


Title: Re: Ethereum is horribly overpriced
Post by: BornBlazed on August 11, 2015, 09:41:08 PM
Been dropping like a rock and its still not at the bottom??


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 11, 2015, 11:08:12 PM
Been dropping like a rock and its still not at the bottom??
Are you blind or stupid it's doubled in btc value today.


Title: Re: Ethereum is horribly overpriced
Post by: kevindurant on August 11, 2015, 11:34:47 PM
Ethereum is overpriced but investors waited this day for more than a year. It's expected to start high and people dump it easier. I think anyone who buys Ethereum right now is a big gambler.


Title: Re: Ethereum is horribly overpriced
Post by: aminorex on August 11, 2015, 11:36:05 PM
0.0006BTC/eth
IPO price works out to 0.00043 btceth.  I would expect overshoot on the way down, however.  I will bid at 0.00035 for the bounce.


Title: Re: Ethereum is horribly overpriced
Post by: stoat on August 12, 2015, 01:00:32 AM
You're smoking crack if you think you ever get those prices.  I'd rather burn my ETH than sell it at that price.