Bitcoin Forum

So, anyone here worried about eth/btc growing bigger everyday?
I am. Since 2014 i thought that the only threat to bitcoin is another currency taking the lead. That might not be the end but it would be a serious blow...

I have past through every altcoin pump/dump without never worrying about btc future it was some low level low money price manipulation.
ETH is definitely not the same thing.
 
So where does all this money pouring in ETH come from? Well now i think Gavin and other bitcoin dev-whales are simply selling btc to eth. This is a very logical decision for them, they didn't get bitcoin the way they thought best so they jumped off the boat.

Did someone asked gavin if he is selling his bitcoin stash for eth?

Basic form of manipulation; If you as group hold the major part of the total coin supply, you can basically continue buying up your coins till when you think it's enough. All other incoming money from traders/investors/gamblers just adds fuel to this continuous pump. I must admit that this is by far the biggest pump/manipulation attempt of all time in the crypto world, but don't let it get the better of you. In terms of actual usage, Ethereum is nothing more than a tool that serves a speculative purpose, and that's it.

I don't care how ETH follows the price of bitcoin, I just earn bitcoin for fun, to save some to use it in the future. But saying that, I did buy some and it is really cool how these coin are following bitcoin price. ETH is fixed, it made it's downfall the time it splits, but adter that, it did great and are now having it's fame. That might happen too ik bitcoin, so I think it will be BTC and BTH??

Well the money has to come from somewhere.
It can't only be the old pump/dumpster because this is 100x time bigger.
It surely is a combination of factor.
ETH is not well spread
ETH is booming fueling the boom
Pump/dumpster surely are on this

but that doesn't seem enough to explain the fact that ETH market cap and volume might pass over Btc. People in my street speak about bitcoin, not eth. Hence my question, wouldn't be reasonable for old whales disapointed by btc politics to leave for Eth. Even satoshi might do so with coins we do not know about...

Ethereum now is like bitcoin back in 2013.
A huge speculation bubble is going to burst and some people are going to cry :(
Anyway the crypto world is full of speculators who are waiting for such bubbles.
$340 is still far away from $2600. ;D

This is more than enough to explain that crazy rise.
Almost every day a scammy ICO! More and more locked coins! Shilling on every stupid platform!Hardcore shilling!
Corporations got played by Buterin and his scammers, throwing millions at him. Until they find out how they got played, then it's too late.

that is why it is called a pump not people investing in it. and the volume comes from waves of newbies wanting to get rich because they read a paid article on a news site which told them Putin is going to use ethereum and flush ruble down the toilet :D

and don't you worry about whales, they are not going anywhere
someone who has spent years and lots of money to establish a foothold in a market that he understands and can affect is not going to give it up for another market that he may become a little fish in because >70-80% of the supply is already being controlled by their whales.

so, what will happen if ethereum take the bitcoin's place in the future? If this is still a speculation but remember anything can happen. None able to predict the future of crypto. i will say thanks for the bitcoin politician to prevent the bitcoin adoption through their debate and no more debate.  >:( >:( >:( >:( I'm a little bit worried.

ETH is rising in price at a ridiculous speed but I personally am not interested in investing. I feel that investments like this can be manipulated to the extreme. The only person guaranteed to not get burnt here is Buterin

I also did not trust alternative coins. But I noticed the ETH a few weeks ago. It seems to me that this coin has a perspective and therefore I am ready to invest in it today

We have 21 million coins, they have uncapped ~100mil  or roughly 5x so 340x5 and your looking at 1700

Eth is still a scam though, nothing rises 4000%+ that isn't in a crazy speculative  bubble

But then the music stops, they're won't be enough chairs for everyone so make sure you get one and don't be too greedy because the crash will happen faster than you can react to it... Mark my words

We just need to be ready, and when the right time comes, short the sh/t out of it  ;)

ETH will fall to $10 after bitcoin scales (maybe 1st Aug)

this is true !

Koreans, and Japanese, to a lesser extent, have been buying the hell out of ETH. Cryptocurrency-mania has swept S. Korea and ETH is their coin of choice. I can't say I blame them. Bitcoin seems to be fading away.

However, Ethereum shouldn’t be compared to Bitcoin in the first place as it offers something Bitcoin doesn’t, which is a flexible and functional ecosystem for decentralized applications. Ethereum is providing an infrastructure for new markets such as the ICO market.

It is important for users, traders and investors to consider tradeoffs between security and flexibility. Bitcoin was designed from the start to operate as a store of value, settlement system and digital cash system. For a store of value, security always has to be the priority.

Source: https://cointelegraph.com/news/bitcoin-only-needs-to-survive-security-is-priority-prominent-vc-investor (https://cointelegraph.com/news/bitcoin-only-needs-to-survive-security-is-priority-prominent-vc-investor)

"nothing rises 4000%+ that isn't in a crazy speculative  bubble"....BTC has done way more than that. 

but why would u go back to btc even if it scales?

I mean it tool so long to sort this out and it still does not offer what ETH does.

its to far gone now.

It will be interesting to see if the market cap is going to overtake BTC
Some may argue this is a Myspace over Facebook moment but coexistance is not a real issue in crypto.
1   Bitcoin Bitcoin   $48,202,910,379   $2941.74   16,385,850 BTC   $1,815,260,000      
2   Ethereum Ethereum   $31,754,869,886   $343.65   92,403,878 ETH   $1,507,420,000      

Rootstock offers a much better smart contract solution than ETH.

There are at least 10 other cryptocurrencies that can do exactly what eth does. Sooner or later the hype is going to end. Maybe it'll be a few hard forks later after more bugs are worked out of the shitcoin.

And subsequently crashed hard....

oh well, maybe shorting time has arrived already

I don't think that Japanese and Koreans are into ETH. But I suspect that the Chinese are. Memories are still on how they manipulate bitcoin price before with their fake volumes. So I think they are doing in again in different coin, that is Ethereum. The price of Ethereum is really scaring if you are going to ask me, if I'm holding Ethereum now, I will sell them. I don't want to caught on the trap that the Chinese are laying.

ETH was available to the Chinese for multiple years. Not a single major exchange ever added it until in the last few days. I think it's safe to say it's primarily Korea. However it seems impossible for non Koreans to get money in or out so I find it a little strange that everyone else is following them.

Ethereum is going to be the biggest Ponzi Scheme we have ever seen in Crypto currencies. People's greed are clouding their judgement. The SEC

is going to investigate it and it will be classified as a Security. A security, in a financial context, is a certificate or other financial instrument

that has monetary value and can be traded. Securities are generally classified as either equity securities, such as stocks and debt securities, such

as bonds and debentures. Now ask yourself.... Is Ethereum a contract/certificate that can be traded... Yes .... Is it registered? Nope .... What will

be the end result?

What are unregistered securities or stocks? Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must

be registered with the Securities and Exchange Commission (SEC). ... To sell or attempt to sell a financial security before it is registered is

considered a felony. Ouch..... Do you see the problem?

ETH is simply being masterminded to see if it could rob shoulders with Bitcoin, but one thing those pumpers are oblivious of is the fact, Bitcoin foundation actually ran deep else it would have been history in the cause of the last 8 - 9 years. ETH is like a brat, it would soon get its feel of what growing up all too quickly really feels like!

You're correct. Due to Howey test, and several others, Ethereum Tokens and the crowdsale 2014 was definitely an illegal, not registered sale of securites. Probably the reason they marketed Ether as "fuel" back in the days and in the white paper!
But the Eth fanboys will deny that fact.
The question is when SEC or other authorities will step in? My guess is they are waiting for the burst and then shit is going to hit the fan. The bad thing is this will have an impact on the whole crpyto space, Bitcoin included. Many people with extremely burned hands due to greed and stupidity will complain and turn their backs and never come back! 2014/2015 bear market may repeat.

I love BTC and ETH may be a ponzi but the fact is ETH is overtaking it as the world's largest crypto and that's certainly bad for BTC!

dont worry about it; how do you think all those scam ICOs admins will withdraw their new riches now? give it some time

I think the SEC will start to investigate when they start to receive legitimate complaints from people who actually lost money in the scam or if

they decide that there are more than enough evidence that people are going to lose money. I think they have enough information already for

them to start with an investigation, but they are looking for a reason to start with action against the founders. The government has a duty to

protect their consumers.  ::)

In my opinion many people are getting sick of bitcoin politics (at least it's my case), blocs are full (and nothing is done about it and some miners are trying to block new initiatives because of their own interests), in some cases transactions cost more than a bank wire and so on.
If Bitcoin wants to be mass adopted, it has to solve its own problems, or ETH (or another alt coin) will take over as the main crypto-currency.

what do you guys think of NAV, technology wise?
I know it's just a little shit coin for most of big traders, but it's fast and anonymous.

Imagine only that someone crypto and in particular Bitcoin played 10 years ago, while using Bitcoin as entertainment and not as a currency. Maybe he has tens of thousands or more. With so many Bitcoins on purses, it's just multi-millionaires.

I don't believe anyone that bought bitcoins 10 years ago still has them, even more than 3 years seams like a long time.
If that was the case, couple of people would pay out and it's game over or am I wrong?

All this money pouring in ETH comes from those ICO's recently that have succeed and also the upcoming ICO's we have right now which are commonly erc20 tokens. They raised a huge amount of funds in terms of ETH and I think that is what's causing the ETH pump right now. Also, there might be manipulation by Chinese but sooner or later ETH will go back to it's real value.

the only thing that is driving ETH price up and will soon become its very death are all the ICOs that raised a lot of money, the money that could only enter them in for of ETH tokens, not fiat, not bitcoin, not any other altcoin but only ETH tokens.

a lot of newbies bought ETH just to invest in these ICOs and there are a lot of them, each of which raising a lot of money!!!

and this will be the death of ethereum. very soon all these ICO developers who got all the free money would want to cash out. even if it means liquidating a small part of the ICO (just like what ETH foundation and Vitalik did with 25% of their ICO in early days) and that will start the same trend in the opposite direction.

Ya I mean holy shit. $400 an eth? For what? Byteball does smart contracts. So does counterparty. So does ... so many alts. Why do people think these tokens are going to do well? If eth fails then these tokens will just be useless right? Or am I totally not understanding how they work? They rely on eth right?

Most of the investors don't think that these tokens are going to do well, They just think that it's price will rise in the future just because it is still in ICO phase, being in ICO phase it still has room to go up and price, and every ICO has new concept presented for investors in their ann thread that might attract more investors after it is released in the market. Some can be used for a certain service like encryptotel. Of course, they rely on eth for the transfers but if eth fails, many of those erc20 tokens will fail too.

In crypto-coins the most important parameter to consider is not features (Bitcoin would be dead if this was the case) its the trust people place in it. Bitcoin was been around since a long time, so people are reassured about it, Ethereum on the other hand has been created not a very long time ago, but a lot of big organisations trust it which is also important for the public opinion.

Trust and scammy ICOs are incompatible

Well even if they are scammy, people are pouring money into it (causing the increase of Ethereum price), so they are trusting it in a way. But many of these people might just want to profit from the price increase (bubble), so the price increase might not be as "genuine" as the one from bitcoin.