Bitcoin Forum

I jumped on the ship 1 month ago,managed to mine some coins and recoup some of my investment,maybe even make some small profit once i sell the graphics card.

Old bitcoin vga miner,just saw the opportunity,jumped fast did not think a lot,then realised....

WTH is this about?

Ethereum left and right,presented as a great opportunity,future currency etc etc etc then

Founder sells 25% , he does not have 100% confidence in his coin and says that this is experiment and it could crash: translated "WILL" crash

Ethereum forum will be shut down because probably they won't spend even a penny on this,the " foundation " ....I mean wtf...

I look at the apps that supposedly use the network, all junk , most of them gambling or randomiser stuff, ZERO USE IN REAL LIFE , nothing to attract real investors,absolutely trash....

This COIN, future curency,bitcoin improved in all aspects ETC,is a scam and will fall to 1$ soon enough,nothing to support it,zero use ....

What is interesting.....is I could have sworn I saw that the supply was 92.5 million.......as soon as it breaks 8.50....79.......now I could be delusional.....but did anyone else also see this?

"Founder sells 25% , he does not have 100% confidence in his coin and says that this is experiment and it could crash: translated "WILL" crash."

I think the founder has to make a living out of his income. He has to sell some.

this is the biggest problem in this market.
people read something on the Internet written by some random person who they don't even know and/or trust and they believe it because it is said over and over again everywhere they look.

i wouldn't call ETH scam. it is just a pump and dump, or maybe it is just me and a pump and dump is pretty normal to me.

you should not get your hopes up in these cases, get in and then get out soon. nothing except bitcoin has a solid future. the rest are all doomed.

The idea cryptocurrency - is an experiment!
What is Bitcoin that Litecoin and other coins, it's an experiment.
Ethereum, just very quickly rose in price, with the help of stakeholders.

ETH is flawed to the core. The arbitrary gas concept that 'genius' vitalik implemented is proof that he is no genius. He doesnt have enough real world experience developing code and is creating micky mouse code which will eventually fail.

Plus, he sold 25% of his coins. Would bill gates have sold his microsoft shares on the first little pump?

Is it true that this guy actually sold 25% of his ETH and bought LISK instead?

Or is the LISK part a rumour?

I don't think the founder selling his ETH is a lack of confidence on his part.  It's the smart thing to do, and I would do it as well.  Crypto is super volatile and risky, and he kept enough to keep him rolling in dough for the rest of his life if it goes to the moon. 

ETH isn't scam.

It is just incredibly overvalued. There is no rationale way it should have been anywhere around 0.03 btc. Its just pure speculation.

Not a bad experiment, and way better than a 1000 other shit coins. But a price around 20-25% of what is now seems much more reasonable to me.  Over .02 is crazy. 

That being said I'm so glad I started mining it 4-5 months ago or so.

This is normal in the cycle of fear and greed. Wait for 1.50-3.50 and load up for the long haul.

It could drop even lower than 1.50

Well, bitcoin is also an experiment, so I guess, its also doomed!!!
https://bitcoin.org/en/you-need-to-know#experimental

Bitcoin founder (satoshi) left btc. I guess he also lost interest in it. Anyway, why would he keep interest in only an experimental project afterall. Better do work on something real.

Satoshi shot himself when he lost his private keys in 2015.

Eth is alt coin, I don't know how can anyone be surprised with pump and dump of some alt coin?
Especially when you take a look some dev`s history and how he made coins in past. Everything will die eventually, but I think we cant compare bitcoin with some really shit alt coin that is made just to dev earn some fast money.

Don't hate the game, hate the players. And if you don't wish to spend you life in hate then don't play the game. Its very simply.

I would not say that Ethereum is a scam due to Vitalik selling 25% or the forums shutting down.

- Him selling is simply taking some profits and how many did he have in the first place? What scale are we talking about? 

- Shutting down the forums may just be a company maturing and not needing it anymore.  Isn't Ethereum talk more active here  than the Ethereum board?

I am not convinced this is a scam.  The technology is interesting.

C'mon, if it walks like a duck and talks like a duck, it's a fricken Goose!

The whole gas concept will fall apart when ETHER price rises. It assumes that ether price remains stable.

https://i.imgur.com/mWnHTQX.jpg

Photographic Proof.  Can't fake that kinda shit man.

"taking some profits" ..from what ?

THAT is the point here you apparently don't get (or pretend you don't get)

Why do i get the feeling you are bag holding some ETH "fuel" coins ?

FACT:

ETH = digital pyramid scheme .

Thing is there is no actual real app that we could see at work  so far :

http://dapps.ethercasts.com/

These mean nothing in real life,only useless web space used

well, in my opinion ethereum had all the attributes for being a scam. first there is a long period of all kinds of spam on all the different social media to attract a lot of attention to ethereum, they also used the bitcoin block size debate to their advantage to bring more attention to eth. then the pump starts, they continue to spam their FUD. they go as far as calling eth replacing bitcoin which is dying according to their FUD. then the founder sells 1,0000,000.00 USD worth of eth also they shut down the forum to cut the cost!!
this all seems like getting out while you can strategy to me.

if you are claiming bitcoin is dead and ethereum is replacing it (https://bitcointalk.org/index.php?topic=1137367.0) then why are you abandoning ship?!!

If the only income Vitalik Buterin can make is off selling 25% of his own project in a period of uncertainty and downtrend to boot... should raise some alarms.

The people that got told Ethereum was "the next Bitcoin" got lied to. Only the biggest of fools would believe that, since anyone that has been around for a while knows Ethereum is no competition for Bitcoin and will never replace it.

All Ethereum can hope for is that Bitcoin's sidechains don't fully cut it for the most complex smart contracts, otherwise if Rootstock is a success im afraid Ethereum will become irrelevant eventually.

The Slock.it DAO creation is now live and almost 3 mln USD have been collected so far. And to buy DAO tokens you need ETH. The more projects like that, the higher ETH evaluation. It has future if it's being used

What will they do with the Eth they collect by selling the tokens? Will they dump the Eth again to make money?

I don't really think so. If I got it right, the DAO itself is gonna be the holder of the Eth raised and it's gonna be used to pay service providers, such as Slock.it. And decisions on the use of DAO funds are gonna be made by DAO tokens holders collectively

Till today I have learnt that altcoins are only and only made to make money. Every altcoin start as experiment and end as failure.

Not every alt coin, if you look at the ETH now, the price is soaring high, there is good future for this coin, it just need time to be recognized for adoption.

eth a scam, no way. experiment and a risky investment like all cryptocurrencies, yes. but a scam, no.

Price of Ethereum falling down rapidly. But this does not lead to the conclusion that it is a scam. Altcoins are even more volatile than bitcoins. We have seen downfall in bitcoin as well but it is still surviving rather performing very well. One more reason behind the poor performance of Altcoins is that bitcoin halving is approaching and people are more interested in bitcoins than any other cryptocurrency,

Or should we just say that the price is volatile, honestly I am quite amaze by this ether coins, I have seen it rising fast for the past two days, I was planning to buy more when it hits 0.015BTC but I hesitated because of the negative comments I heard in this site, but now I regretted it cause if you look at the price now at yobit it is 0.019, I could have make a profit trading it.

if you don't consider pump and dumps as scams, then you are right. but any coin that is pure manipulation and doesn't have anything other than pumping and dumping with the hype and FUD, then it is a scam in my book. this coin has a bad reputation even if it is not a scam. and lets not forget the recent massive dump by the developer.

The price as of now is still soaring, I think this be up to 0.03BTC again at the end of the week. This is the good time to buy and sell when it hits the bench-marked. I don't think it is a scam now as I saw how the volume increases.

I don't care if it is scam or not as long as I enjoy making money out of ETH. Buy low, sell high, rinse and repeat.  ;D

https://i.imgur.com/mWnHTQX.jpg

This guy looks hungry...probably hasn't eaten in days! ;D

That prediction did not work out. The price is still around 0.024. But that is 80% of the predicted value.

Looks like its impossible to believe right now because of the price today of ethereu,.. the price is high and looks like they are still increasing it.. and this thread wont effect the ethereum price at yobit..

And i should trust you and/or OP?  :D :D
i dont support eth, im more of a dash person, but... since the begin people keep saying eth is scam etc etc and still there and still going up (ok... not right now, but mostly because of btc pump).

I guess if it really is just a ponzi/piramid/scam we will see after DAO.

 I agree with you! ETH has done something not done before, but it is way too overvalued!

I think the price of ETH has gone high because of DAO that requires us to deposit etherium for investment. After the ICO of DAO we can see what really is the real status of ETH. I still believe that this coin has a good future but overvalued for now.

Surely Eth is just overvalued.

No possible way is undervalued - this cannot possible happen - sure no way in hell SURELY!

 ::)

What the fuck is the internet anyway?

I'm not sure how true this thing is, but it's just causing panic for ETH holders like me.

I would like to call it a bullshit, because the day this post was made the price on yobit is 0.018.

I don't know if it is over valued, but today it's at 0.022 change. I still have hopes on ETH and hoping it will not disappoints me by scamming like the OP claims.

> Ethereum has no use, its just gambling games

Gambling is a trillion dollar industry notorious for fraud and heavy handed regulation. Ethereum contracts have the opportunity to provide provably fair games/betting outside the reach of regulators. That use case alone could be worth 10x the current networth.

> No investors

Autonomous organizations are the other big, very obvious use case for the network. They offer a lot more to the user than traditional crowdsales and have attracted a massive amount of investment money in just the past few months. You may not agree with the projects and companies that are being funded through these (I am skeptical of many myself), but there is no doubt that these many millions of dollars are providing long term funding for companies that are building on the network. Its not dissimilar to the internet boom of the 90s - many of these projects are moonshots and will fail, but the ones that succeed could be transformative.

These organizations are also starting to attract more traditional investment co-ops and other types of clubs who are just looking for a way to encode their bylaws and help manage their membership. Dismissing any financial concerns, this is a new way to manage governance. Decentralized, autonomous, and open.

i think the demand say that it is not undervalued, and the price is stuck there, look rock solid to me i would buy if i had more bitcoins, but i don't think it will increase to $100 like many predicted

I can't agree more. Especially the recent shutdown of the Ethereum forum.

I mean, how much does it take to host that forum? $300 a month? And how much Ethereum do the founders have? This just proves that they are neither interested nor invested in this project. They are ready for a crash.

Dunno but it's completely overvalued and of no use to anyone.

Lies. It was temporary shutdown for political reasons.

https://forum.ethereum.org/discussion/6650/ethereum-forums-to-remain-open-call-for-community-moderators

Lets just think that ETH is a short-termed coin planned by the founders. They see a prospect in this coin , so here we are, left by the people who encourage us at the first place. As of the current price of eth, it is still alive but the question is how long ... ?

Seems like this thread has already made people to panic and sell everything they had.

I see only the sell orders and only 1 buy order in "Trade History"

I panic too and sold already with a loss of $8  :'(

If this thread makes people to panic then I must say that they are not that clever at all.

Stop complaining and make some money off your Eth dump!!  ;D

This thread make me panic and sell in loss as I was really afraid after noticing alot of people dumping at the same time.

Was afraid to lose more, but look at the price now, it's rised again. Fuck that shit :/

This forum is one big troll box. You can't really take anything here too seriously.

Too late, by the time I realize what's going on, I already lost.

I thought yobit chatbox is the only trollbox, seems like everything is. xD

That' fine mate, that is the risk in trading you earn you lose. There is no assurance that you will really profit so you need to understand the risk and accept it for you to move on. You can still take back your losses if you will not stop trading.

Yeah, I'm completely ok with the little losses I'm having, but atleast I'm learning things day by day with the losses I'm having.

LOL. If you are deciding how to invest in crypto using a BT forum thread like this one, this won't be you last loss. Good luck.

The correction of the Etheruem price could drop it to around 0.015 bitcoin, then it will rise from there.

It is difficult to predict the price. But I think the developers of the Etheruem is quite good, so price might rise.

i agree with you in this,
But i still think it could go lower then 0.015. Maybe 0.009.

ETH should never had a trend reversal, the only reason eth didnt go lower was DAO FOMO and that it's over (not the FOMO but the need of eth to buy DAO).
Now it will bleed for sure, and maybe at the end of the year we will se a true trend reversal.

Well ethereum already dump and it will dump more sooner.. and i think its already mention here in our this section that ethereum is a scam coin.. and they are experiment the price of the market the control it and promoting many times in all methods of promoting..

It's certainly going to go a bit lower, but I don't think the ethereum concept is a scam.. just the way the coin has been governed up to this point (ico, the price pumps). They had something pure that they tainted a bit with the cash grab. They should have limited valuation, restricted the shares in a way.

For me they are not scam but they are overprice right now in my opinion. We can see that the price is going down and I think it will settle to 5$ at the end of the month or early next month.

The ETH fall from grace, in progress, has been swift and merciless. Meanwhile, BTC and LTC are going batshit like the oldtimers that they are.

actually, eth is rising again.

The Ethereum rose to $15 twice and failed to break it. It dropped to $7 in the last bottom. It has not dropped below it this time.

The price of Etheruem is around $12.6 at the moment. So there is good support from the traders.

This thread has caused me panic and sell all the ETH I had. Now I have none and scared to buy because of this stupid thread, lol.

Just when it got on top of the lastest threads. That's when everyone else started selling their ETH and I had to sell in loss.

It will be better if you just use your own experience in it. And what you feel will happen. I did that also relying on a chatbox and that happened to me also. Sold my altcoin then baam it goes up again. Hurts.

Yeah, that was when I was still a newbie to trading. I'm not pro now, but atleast I know that I don't have to rely on shitboxes, pump bots and some hoaxes. lol

You make too much sense for this forum.

That would be a very bad move, not smart thing. When you're the developer of that coin and you sell all of your coins. The price eventually drops when you dump that much of a coins you had.

When you've dumped everything, you wouldn't be having anymore interest on your coin to do things to make it rise again. That's when it will be turned into a dead coin and people show no interest when the dev isn't doing anything.

It's gonna drop and drop and those who bought at high price trusting the dev, will be in loss.

He still keeps 75% of the original stake. So he still has 75% of his confidence. He also needs to money to buy food.

Vitalik Vertron will be happy he sold 25% of his Etheruem coins. The price dropped a lot since the DAO hack.

Ethereum is Doomed

http://nakamotoinstitute.org/mempool/ethereum-is-doomed/

http://nakamotoinstitute.org/static/img/mempool/ethereum-is-doomed/programming-with-solidity.png

The price also rose 40% since the latest bottom. The price is so volatile. It is good for some traders to make money.

Before the implementation of the soft fork, the price could flucutate around the 0.017 to 0.019 for some time.

There will be no soft fork now due to a problem with the DDos attack vector. There will be a HF only.

HF Status Update: 67% Ethpool, 77% Ethermine, DwarfPool 66%, Carbonvote 87%

https://www.reddit.com/r/ethereum/comments/4tbxc4/hf_status_update_67_ethpool_77_ethermine/?st=iqs3jwpq&sh=1c2c3b13

sub 0.01 incoming after fork? KEK

Some people want the price to be lower than 0.01 so that they can buy more. It could be the motive of the trolls.

The Ethereum price is still over the 0.018 range. It seems most of the people think the hard fork is a success.

The price of Ethereum is still around 0.02 at the moment, that is after the revival of the Ethereum Classic.

Well, how ETH rebounded back should be a teaching moment for btc. This was the best marketing, besides NEOBEE, that has happened in this space so far. If bitcoin focused a little more on people, instead of technology, we would be much better off. A lot of people still don't know what a bitcoin is.

That is quite interesting. Even today, the Ethereum price is still over 0.019. Not many people are dumping.

The Ethereum price dropped to 0.013 and rose to 0.018 again. It seems there are still supporters for it.

The bitcoin price is still over 0.019 at present. So it is quite resilient. The Ethereum trolls might be disappointed.

That is right. The combined value of the ETH and ETC is almost the same as two weeks ago. The Ethereum is doing very well.

Most people i know already sold their ETH for ETC. There will be an huge ETC pump and after that we will see what happens with the whole Ethereum project in ETH or ETC form.

How you sure that ethereum is doing well . i think its because of value right now the price right now is really high and its not a good to invest right now in bitcoin unless if the price will getting low again and buy when the price crash again.. ethereum is alive again according to other traders many whales here are saying that ethereum is scam or hack or dont invest so that they can buy low price of ethereum after the price is increase again traders will be attract to invest again so that the price will increasing whales will sell again and repeat the procedure.

Maybe it is better to wait for a few weeks before investing in the Etheruem and also the Classic. Something might happen.

The Ethereum DEV2 will happen in about 20 days.
https://blog.ethereum.org/2016/07/08/devcon2-site-now-live/

for sure , actually that should give u confidence in the coin that the owner is even selling it, meaning he is making a living out of it and perhaps he sells it exchange into fiat , then do other stuff

The Ethereum Foundation has to pay for its developers, so it is very reasonable for it to sell the Ethereum or ETC.

If the price of Ethereum does not drop below $5, I think it is doing well. As most people predict it would be $1 now.

I do not see the Etheruem price will drop too low. It is still being developed activeluy by the Ethereum Foundation.

Time will tell, because to me it seem Ethereum is losing their initial charm, the integration of Segregated withness on Bitcoin is going to really affect the platform unless you want to put cost ahead of security

There is still active development of the Etheruem. So there is no worry.

Code Coverage for Solidity
Ensuring the security of deployed Ethereum contracts is one of the most important challenges facing Ethereum developers today. After the unfortunate problems with the DAO, the resulting hard fork and associated community fallout, hopefully no-one reading this article would disagree. Indeed, there was a whole session devoted to the topic at the recent DevCon2, with talks spanning formal verification, coding best practices and more. However, the Ethereum community seems to have been silent regarding one of the first tools invented to help avoid unintended behaviour from code — code coverage.
Code coverage, first devised in the 1960s, encapsulates the idea that tests should ‘touch’ all of the code under test. If the tests execute all of your code, and the results from the tests are as expected, it is less likely your code contains unforeseen bugs. Untested code could do anything!
I will freely admit this is not a silver bullet. Writing tests achieving even 100% code coverage would not have caught the reentrancy bug that was the fatal flaw in the DAO unless someone had written a particularly inspired test. Indeed, blindly writing tests to achieve 100% coverage is probably not the best use of a developer’s time. Code coverage should only be treated as another arrow in our collective quiver.

Hey, where is your face? I guess we all have something to rub in.

Hows that scam working out for you not that eth went from 1$ to 400$ in 2 years?

Wow, I'm lucky to still see this post this year.
Since the price of ETH has reached a high price compared to last year, I think it is just a starting point.

but the current market situation is in poor condition, because the price of Ethreum and bitcoin is at price that I think is low rather than normal. maybe people will think twice if you want to invest now because the price continues to decline

On the basis of ETH created a lot of projects, it is already initially can not be a scam since it is one of the main platforms to date.

I do not understand how you correlate ETH to the events in the market. In all positions red indicators, of course a single coin can not grow in these conditions.         

Why d you think that way? At that moment we can say that all criptocurrency world is a scam!

Yes, most of these coins are just riding the popularity of bitcoins. They all claim to be the next bitcoin which is the biggest problem with these coins in my opinion. They should claim to be themselves and focus on their features instead of copying bitcoin.

It is just like other businesses. Any service that started early will have the advantage. A lot of eCommerce companies tried to compete with Amazon but one was able to beat it. I also think that bitcoins will rule crypto forever.