I'd say the dumb money is in gold. If you want to be standing with your pants around your ankles in ten years time then invest in gold.

Here's the problem:

Over the last few millennia, gold gained value due to its monetary properties more than anything. In particular, those of limited supply, fungibility and mobility because coins could be transported anywhere in the age of physical markets and exchanged directly - peer to peer - just as bitcoin is.

Gold traders can choose which of these two media they prefer to trade - you can have either mobility or possession but you can't have both.

Because of this "forking" of the market, gold will never again command the kind of values or be able to support the same kind of "safe haven" investment that it did during the last few centuries. It is handicapped permanently and pegged at a value which represents the balance of demand between the physical and paper markets.

Cryptocurrencies, on the other hand, remedy the problem since they are the perfect "bearer instrument". One with which you can take both ownership and possession in the same trade and for that reason are likely to outperform precious metals by several orders of magnitude over the next few years.

go back to reddit cuck boy

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...

Still very little news and press coverage outside of our circles -

https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6

Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.

When we pass 1100 USD , and the press starts covering this expect much higher volatility.

remember that asshole? 

Need a few regular corrections so it doesn't get too overheated.

Good morning Bitcoinland.

Still battling over $580 I see.

Coiling for the next big leg up, presumably. Past $610 this time?

Well, the basic idea was, to make a decentralized network computer executing smart-contracts (not especially for a currency function, more like automated "transactions", colour tokens (like open company shares), crowdfunding (like this DAO monstrosity:)), where ether is the "fuel" to run the scripts. So it is highly different from the Bitcoin network in regard of its purpose.

But, there are problems with this idea. Both technical and social:

1. it uses a Turing-complete scripting language, so it can create infinite loops - this is supposed to be negated by using ether for every processing cycle, but still can jam up the network for awhile in theory, it is an attack vector;

2. the problem of scaling: it can not, because, every script (smart contract) must be run by every node, or the network spilt, so it can get much-much-much more hardware heavy than processing a ~300 bytes bitcoin tx.
Also, the ORDERING is different (and uncontrollable) for different nodes - because how data propagates on a network, which can totally fukup the whole idea of interdependent contracting aka: the order how script I. or script II. occupies/operates in the next block can be paramount, if scI depends on the execution of scII., and they get implemented in a different time order, they crush (fail to run, since the dependency is behind the execution order for every node downloading the new block with executable scripts -"transactions").
In short, the interblock ordering of "transactions" are not necessarily interchangeable, while in bitcoin, they are! That is a key technical unavoidable difference. The proposed solution, to split the nodes to process different executable is against the basic idea, and creates more profound problems...

3. strictly speaking, Ethereum has no (yet) known enforceable, algorithmic monetary policy (we do not know if it is fixed at what number or what is the inflation rate if not, how exactly will it transform into the PoS consensus, also, PoS can not work on the long run, because it has too many attack vectors, especially with a script running environment). Also, pre-mined -huge red flag -, which means very strong centralization, and direct control over the protocol in few hands (remember, no anonym PoW random nonce mining took place, because, premining!!!).

In bitcoin, after and since the genesis block, anyone can see the unchangeable monetary policy: 21mil coins, reward drop after every 210,000 blocks, PoW consensus.

4. those who were studying the DAO made it obvious - even before the shameful "IPO" ended -, that you can not use the same token directly for financing actual projects, while the investor's tokens are both committed (frozen), and an external force (the market price of ETH) can interfere with those project's financial plans. (If the DAO commits say, 100k ether to a project, which is supposed to worth $100k, but suddenly ETH drops 10%, they won't be able to pay the contractors, and they already committed, and can not change their "votes", while can not have enough $ - unless the contractor takes ETH, but than he faces the same problem - DAO could work, IF crypto would only be the de facto world currency, but only than).

5. Assmaster, i disagree. Bitcoin is scaling, BECAUSE it is a dumb network (LN for example). Just like Ethernet, or tcp/ip, they are dumb, but additional layers can use the easy, secure, simple basis of it. Ethereum is too complicated in itself to be layered on, forces way too complicated and self-conflicting goals to nodes, and never actually was designed to be a currency (it is a script running network platform, not designed to be an immutable, decentralized trust network with several exahash/s security power).

583. Buy high sell at 32,000 in < 2 years 

The bull in me agrees, think(hope?) market is underestimating the effects and coverage of the halvening, expecting some wild swings during this month

Kinda scared me when longs went full retard and ate up all the swaps causing the daily rate on finex to jump to  above 0.5%. If it'd held that would squeeze a lot of them

..and longs a LOT lower. But it'll probably only go higher as speculation peaks before the halvening, hope a lot of those longs are in etherpoop too

Reassuring to see a little nibble but will need lots more, still BTC15k are stacked till $650 on Finex someone cashing in big time