Bitcoin Forum

Ether is now on sale. Would like to have opinion of Crypto community about buying Ether. I think the project was promising. But, the way IPO is being made and they have removed their team list from home page, I'm now suspicious.

1BTC = 20k ether 2k ether

1BTC = 2k ether  NOT 20k ether

So far, they are fair in all announcements. The main lead Vitalik Buterin is actively working on the project. They have a number of Cryptographers (like Ralph Merkle) & other security engineers working on this project.
They  already raised 6000 BTC i.e., 3.8M $ with in 24 hours of launch !!

Probably worth a small punt based on the pedigree of the founding team if nothing else
Appear to have been reasonably transparent so far

I'm looking at it from a different angle...

If the team is confident about the price rise of ether, why are not they holding the pre-mine rather selling against BTC ? They have VCs behind them. So money is not a problem for them. If ether would be valuable, why the core team would be selling it in the first place ? Lot of early adopters of Bitcoin like Hal Finney, who believed in bitcoin, still hold their stash. So, if the core team is selling ether to raise capital, why should public buy it ?

I am with BitCoinDream on this one
Has the feel of a sophisticated pump and dump, so I for one shall be sitting it out on the sidelines

Way too many flags for me on this one. I was spooked by their initial aborted IPO and nothing I have seen since have made me revise my opinion. This has the look of a group of greedy developers wanting to get paid upfront, and leave all risk to the investors. I am sure a cheaper fork will come along as soon as it is released.

The way they have seeped into everybody's conscience, like how Vitalik is godlike in his abilities and only rivaled by Satoshi, how Turing complete it is never mind that C itself is one, how its going to make everything so simple and is the google of crypto, how the developers are subsisting on their own pockets. It all seems to me like the work of a very clever marketing time.

I am not kidding. Go into reddit or anywhere and you see almost a religious fervour in the support.

If you buy be careful during the proces cause I may have lost my BTC because I didn't spot the json download button (containing my wallet).

Exactly. The technology they are suggesting is awesome, but not the dev team. And, I can see, what u r suggesting, is already coming => https://bitcointalk.org/index.php?topic=563925.msg7991275#msg7991275

The bitcoin that they raise would be used to fund their expenses for the next 1 year. I am assuming that they would have to convert it to fiat to meet their expenses.
Could it lead to substantial selling pressure on the market?

Ether - had long waiting , high expectation , bigger dump after release

I sent a few BTC to STORJ .. awesome project http://storj.io/crowdsale.html

Is Mike Hearn the guy behind StorJ ?

BITCOIN HACKATHON WINNER at Texas Bitcoin Conference 2014.

How much have they raised by now? I wonder how much do the developers need to survive ;D

STORJ sounds good but I have to look into it properly. Maybe get a few.

Do u think Ether will be eclipsed by Stellar in coming days ?

Not at all. Stellar is riding the Ripple fork hype, but if you look into it theres nothing to show that it will be big.
Ether is hyped too, but there is big money in it now.

If I buy either it will be definitely later, not now.

I think Stellar is backed by big names too...

I like the look of Stellar better, esp the folks backing it
Trouble with Ether is you are essentially backing a genius hacker (Buterin) barely out of his teens

Stellar is just a fork where they are attempting yet another massive lock-up of funds. Release a few for free, hype it up and then they slowly sell their stock. Its also centralized with a few in control of the nodes. I don't see how Stellar is any good.

i wouldn't say stellar guyz ae doing it , with those big guys , when  they know it's making good progress already , they wouldn't be doing it , and even if they are , it's still a lot to go
and Ether is 1880 per btc now , am not gonna buy any now , they are surely gonn drop on release , i don't think buying them now will be a good idea

Same for Ether. They are even pre-selling. I smell BFL.

I don't like ethereum going ahead with the ICO while they are yet to finalise their most basic operation - PoW. With that not out, how can one even trust them with their money. Add to it the fact that the ICO will form majority of the coins in circulation for a year or two - it is just bad. Though I don't think there will be a cheap fork.
One of the best conditions in the ICO are - They are not obliged to return the money if they fail to deliver. Yep! so basically a crowdfunding without a commitment. Hell even btctalk's scam ICO's are better than that.

U got it right. When an ex GoldMan Sachs executive is backing them, u should not expect a petty alt coin scam from them. They'll do it intelligently ;)

...But anyway, the basic concept of Ether was awesome.

p.s. By the way, I like your user name. Are u a fan of Bappi Lahiri ? :P

They would say it is just a standard condition to CYA.  :D

You remember how they made money off Ripple? So if you can do it once, why not again? After all they don't have to do much.

Agree on Ether, price will drop after release so better to buy then if you do find merit in the project.

Thats a big flag for me. The entire thing reeks of a lot of greed. The initial botched IPO and now this.
I don't doubt there will be some decent product at the least, but I doubt the investors will benefit much. The developers have covered their profits.

Well it is really petty when you think about it. Its just that people are not reading the big fonts. T&C 20 clearly says:


and section 19 lists out the risk. While some of them are given like exchange risks, cheap forks, lower adoption, regulation etc are acceptable. This is the one which people should really think about:

Virtually they are saying we are free to spend your money, because of the marketing blitz they did. Only in crypto world such stupidity can go without being scrutinized in detail.

PS: I am a fan of Mithun da ;)

People really dont get into the T&C and companies take advantage of that.

p.s. 1: Ethereum seems like a company, not a project.

p.s. 2: Mithun da !!! Are u from 70s ? :P

People should get into T&C otherwise they cry later. Even the ICOs on bitcointalk turn shitty like that.

Ps2: I am from the 80s. Disco Dancer - Mithun da's path breaking movie came out in 1982. but I am more fan of his 90s works like Shapath and Raavan etc ;)

What's wrong with the BitcoinTalk ICO ?

For one they are illegal in most of the jurisdictions (thats where you have to tip the hat to ethereum -- wonder why they are based out of switzerland? ;) ). and they don't really have any legally binding T&Cs. Most of it are promises. But if you are making money, I know I do, then nothing is wrong with them.

I do not buy it .

I heard Ethereum guys have announced to dump their BTC collection resulting in a price drop. Any idea regarding this ?

I haven't heard about this but then I find it funny when people attribute one thing to another. Anyone who says price drop is because they want to dump their bitcoin is being stupid. They haven't seen a real market in their life.

Hell, he/she are they aware of the recent US sale of Silk Road's bitcoin. No one, and I mean, no one with such a huge cache is going to be able to sell coins without hurting themselves. Think about this if current value of their cache is say 60 million due to 600 USD per btc rate. Are they going to get same value when they try to dump? Obviously not.

The whole thing is simply, btctalk's favourite word, FUD.

Don't think the price drop was due to that, though it might have spooked a few. BTC needs a fresh impetus to maintain the prices with new coins coming in each day. The challenge from the 2.0 coins might hurt it as big money is flowing in them.

I dont think any of the alts pose any threat to BTC.

For now it doesn't. But unless BTC evolves there is a good chance it will be overtaken by one of these new PoS coins which also have extra features.
Innovate or die.

In either way, PoS is not the future. Value of an economy cant sustain relying on some random stakeholder, called early adopter.

Its the same thing with PoW. You spend money mining in PoW, you spend money buying in PoS. I don't see the difference, both rewards early adopters.

Never heard about ether.

Check this - https://www.ethereum.org/

Selling of bitcoins raised by ethereum was given as one of the reasons for the price dip over the last month.  ;D

Have they really sold it or just stated that they'll ?

Probably selling a bit along the way, to hedge it.

This is supposed to be their wallet.
https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

31.5k already in. They are making a killing.

Will be funny to see all those investors struggling to break ROI.

Looking at the way bitcoin is going, they might need to sell a lot to fund their initial operations.

Any recent updates from the Ethereum guys on whether they are on target?

So how's Ether going now ?
din't heard any good new news on it :/

Check for updates in the Alt section...

Its up next year. these things don't happen overnight. I haven't invested in it, but may look into it after release if the economics look good.

For all those following all these, how does NXT look? I picked a few, but haven't looked to see if they have interesting projects lined up.

Yes, they had clearly mentioned in the initial sale that you won't be able to use ether until the next year.
That didn't seem to affect demand, though.

IMHO, NXT is a bad idea. Distribution-wise (a topic beaten to death) bad, usability-wise bad, it seems to be running on the fuel from one dev - jl777 who keeps promising tech to support it.

Feeling good now that I haven't invested in Ethereum. Wouldn't have been able to see my money locked up in a project which has been cloned by a first mover competitor with a high network effect.

Can only imagine what it feels like for the Ethereum investors to see Counterparty go up.

Same here. It was pointed out that some people intend to clone the project as soon as Ethereum was released. As far as I remember, it was even mentioned in the sales document as one of the key risks.

I thought come-from-beyond was the lead dev?

I don't trust jl777, gives of a vibe that he is setting all this up for a huge payday for him.

come-from-beyond is the lead dev but then he is not the one driving the value. Most of it is coming from jl777's promise of new platforms which will have base in NXT/BTCD. As for jl777 there was a topic in Alt crypto section as to how he himself holds majority of the stakes in his assets.

Does anybody know who this jl777 is? I don't have a good feeling about him. His projects are shrouded in too much non-transparncy. Someday we may find they were all big manipulations.

It has just been a little over 5 years. 1 BTC is now around 60 ETH. How things change in Cryptoverse!

nope...

eth is behind ada cardano 2 years.

ada is the new king to jump on

I only know about ethereum ;D

I do not hear about ether. I think it is better to invest in the other coin than in the new coin because I don't have any clue about which project is good to invest. But if you think you want to invest in ether, you need to find out more about the project. Make sure you know what you do and don't invest too much money if you are not sure.

Ethereum is still the coin with the biggest market cap value after bitcoin. I think ethereum is still interesting as an investment because many altcoins use the ethereum network. Every investor in the cryptocurrency market must have ethereum in their wallet because ethereum is one of the major currencies in almost all exchangers

I'm still buying ETH all the time, just not for holding :P
There are tons of DApps that use ETH, so if you want to use any of them, you just kinda have to buy ETH.

It's not all about investing either, I tend to play some blockchain games just for fun.

The potential of Ether is good, some people just easily judge based on the current situation where the market is bad and it's BNB which is given more attention due to the growing popularity of IEO.

I have already stock a decent amount of ETH in my wallet, this project doesn't need a hype, it will grow in just time because there's a lot of projects that are using the ETH platform and I don't think they will all die in the future. Most of the projects I've invested issuing ETH tokens are very less valuable now, but it's understandable because the market for altcoins is still bearish until now.

ETH has a very large crypto community and this is considered a very popular coin in this market, so there will certainly not be many problems in investing because currently the value of ETH is still maintaining a large stability last month. Now if you choose long-term investment, this investment will certainly be good for you because I predict ETH may soon reach $500 by the end of the year if the market starts an uptrend. I am a technology lover and this coin is always in my portfolio

I prefer ethereum for investment, but now I'm waiting for a small fall in the value which will get good number of ethereum in my wallet. Earlier this year lost more than 50 ethereum through gambling. Now waiting for an opportunity to invest and buy back at least half the number of ethereum that I lost to gambling houses.

I have come to believe that when there's any course to suspect the action of a project, then we need to be extra careful. With the current rate of dubious projects, there's a high tendency that something fishy is going on underground. Most times various schemes are deployed to deceive the investing public.

This feels like I am reading the Bitcoin for Pizza story all over again, imagine purchasing 2,000 ETH for 1 BTC when presently, it's worth just 57 ETH for 1 BTC and someone was even thinking twice about it!, I definitely didn't get into this Crypto space early enough.

Ethereum is now quite strong and liquid around the world. I think that the price is lowered by 50-80 dollars on Ethereum. I decided now to buy this coin, because in the future a network update.

For me, Ethereum remains that altcoin coin that I still trust.
In the conditions that the cryptocurrency market gives us, Ethereum is able to be on top, despite certain difficulties and falls.
I am still investing in Ethereum.

I don't like to buy coins when someone is promoting it and instead I prefer to slowly accumulate at certain prices and this is what I'm doing with ethereum. Personally I invest from time to time in ethereum but I won't go all in in eth because there are other projects that deserve bigger attention.

Ethereum is indeed a very strong coin and has been depleted of rising liquidity this year. I think that many have now noticed progress and are buying Ethereum.

Have anyone noticed the rise of ETH over BTC in last 30 days?

Graph: https://coinranking.com/coin/ethereum-eth

I had the option of participating in the Ether ICO, but back then I decided to skip it. If I had invested $600 worth of BTC at that time (the exchange rate back then was 1BTC = $600), then I could have received 2,000 ETH worth $380,000 as per the current exchange rates. Anyway bygones are bygones and there is no point in talking about them.

But right now, it is not a good time to purchase anymore Ethereum. Ether is facing scaling issues (from what I heard the USDT is putting a lot of load on the Ether blockchain), and the destruction of the ICO market has affected the currency quite negatively. I would recommend against amassing anymore ETH, unless we have solid proof of a recovery.