Bitcoin Forum

So Now the ETH is officially listed at both Poloniex and Cryptsy and the first few days have been a wild ride up what are everyone's thought on the long term outlook of the coin?

well the price has dropped radically. i didnt invest much (10 us cents), but i never really cared much for the coin, i know some users on here have a serious issue with it

what kind of issues?

i heard ETH is just another PnD coin :/

I think ETH will be up long term if you can hold for 6 months to a year. I tossed a decent amount in to it.

I'd say over the coming weeks, we'll see it settle down somewhere in the $20,000,000 marketcap range. Tough to call, but that's my wild guess.

I guess this is quite a safe range to bet on.. Might even drop a bit lower for a couple of days, that might be a good buy in moment.

While I pretty much disagree with the pricing sentiment (I sold most of my ETH due to a personal project or I would've kept them).  There is a pissing contest going on in the reddit about the 5 mil distribution to early founders who have moved on to other projects.  I guess 5 mil was just released to people who may dump on the exchange soon ...

My big problem with Ether is its 40% inflation rate. The fact that it's continuously mined forever with the idea that much of the Ether will end up lost/other and so the constant yearly X+ rate won't affect it as much, I'm not convinced by - as in for keeping Ether as long term as an asset.

Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.

I think it's still too early to say.

The inflation rate is the same amount for forever - not a consistent 40% inflation rate.

Also I believe the inflation is planned to be completely ended for PoS.   That the miners will be supported by fees only using the PoS system they have planned.  Eth may lose all inflation before bitcoin ...

What's the difference between 'the inflation rate is the same forever' (and is 40% as far as I've read) to my 'its 40% inflation rate' due to its constant production and mining?

I've highlighted your word 'believe' as there seems to be a lot of 'believe' and 'think' and 'probably/maybe' surrounding Ether. You can't guarantee a 'maybe'. Not trying to be funny, but I could believe the Magic Moon Monkey will come down and bless me tomorrow, but that doesn't make it so.

That's why Ether makes me feel nervous to buy. Tell me there will only ever be 21 million Bitcoins and I understand, tell me some strange mathematical formulas for Ether being produced forever but at a 40% inflation rate (which is huge compared to USD 5%) and P&D floats through my head.

Perhaps I'm misunderstanding 40% inflation rate? Perhaps I'm misunderstanding a token/coin that's not locked and can have more produced whenever it might be needed.

The protocol isn't fixed in view of Ether generation.

Ok so first of all the Eth inflation rate is 33% - not 40%.  It is 33% of the original Eth issuance - NOT of the current Eth's in existence.   It will take three years for Eth supply to double the first time.  Six years for it to double the second time.  Twelve years for it to double the third time.  24 years for it to double the fourth time (USD inflation).

My comments on the PoS are due to the fact that the details on the PoS are up in the air.  Should be set in stone for Homestead release.

ethereum starts becoming popular now

I am afraid that a lot of people don't understand exactly what is ethereum  :-\. IMO only geeks understand

Really? Where is your presumption coming from? What I see is a scheme of several pumps and dumps in several steps and different sizes.
Imo the prize is still way too high and I expect it to continue decreasing to a certain level.
Give it a few more weeks of trading and then we will see how it goes.

Where is the presumption that interest is not growing? All I have seen everywhere and on exchanges is ETH ETH ETH

Ofcourse, for the "daytraders" and trolls it is easiest to make money on high volume and somewhat predictable coins . Everything that is hyped will have the most shouts...

PnD (like pump ad dump) do you even know anything about the coin and why its different then everything else?

ethoream is a pump and dump vaporware
it's already done. it will drift down to nothing unless they could prove it's not vaporware, this could take years! as mentioned above, some of it founders already made serious money and now moving on to their next coins. ethoream is nothing but HYPE. remember ethoream founder(vatalik?) was tech of the year with some cheap magazine, even the tech not even exist? people should already get a point when someone win something over the tech which not even exist.

ethoream. really? i think you are throwing some serious bs here bud.

Agreed. ETH will be at a nice price in 6-12 months

scandals start to roll in
https://www.reddit.com/r/ethereum/comments/3h7oel/early_contributor_distribution/
Why did Vitalik give large sums of eth to people for nothing and now they dump, what do they know?
will 5 mil eth hit exchanges soon?

Was to be expected... Never buy during the hype.. Chance to get burned is too big. IPO people should get out asap to keep their profits. More of this stuff will likely appear.

Thanks for the explanation. I'd seen 40% written here and there in relation to the inflation rate. I still think 33% inflation in view of the current Ether is particularly high though.


And will that doubling each time increase the value of Ether? Or lower it? My outlying hope is that the protocol does some really interesting things and has some innovative developments, if it does then there's a good chance the value will rise, but I still think that will be a slow rise after all the pump and dumps are done.

To be fair to Ethereum, they have always stated Ether is a fuel token and isn't to be taken as an asset.

I'd still like them to fix the quantity of Ether, otherwise it'll be just like owning Ripples (I admit Ether will be more useful to own than Ripples though.)

Wise guy. There are two things to that statement. One is yeah, I'm hoping my wallet will go up in value, not only in fiat, but BTC as well - why would I not want this? :p

2. With regards to evidence, call me tricked, or fooled, but I like coins that seem to not be too scammy, and have transparent devs with a great purpose. I like that Ethereum is fostering the "dapp" community. I think they have a great team and vision. Also, ETH does not directly compete with BTC, they can both rise. In many ways ETH has less competition than BTC and I think it has a nice chance to attract more and different users to the crypto and decentralized market scene.

IBM has been looking in to the protocol and many other big names. So, as far as evidence, that is what I have, the same news you know. I'm not on the inside of anything.

it's seem ibm already abandon ethereum long ago, it head of adept also gone. the video demo used by ibm is just example which not using ether. again, ether is just hype vaporware. everyone is jumping on a sinking boat.

I understand the difference between ETH and Ethereum. I still think that people will invest in Eth due to ethereum.

i used eth short for ethereum because it's hard to spell. also eth is trading symbol for ethereum. i see you must really dumb

lol I don't think you understand actually

ok

This is the most volatile coin I have ever seen which is the best coin if you are a trader.
The coin can move up or down more than 10-20% per day.

eth deposit at exchanges
https://docs.google.com/spreadsheets/d/1ul7UGvjFD0Mjx73e5fS3UjxKtanoclrwZWvNB2TRTHw/pubhtml#

Ethereum will be second highest market cap altcoin in a few weeks/months.  All your shitcoins will be going the way of the Dodo.