I need some clarification please.
Lets say someone invests 10 BTC ...
Why does everyone say they won't get much ROI? I realize its going to gradually decrease in value, but this seems bewildering to me.
Nobody is going to invest in something declared ahead of time to decrease in value. So there's information missing from this response as well.
Someone said you *might* double your money after a few years. Is that really the likely outcome? I probably would save my $10,000 in BTC for something else if I have to wait 3-5 years for it to go to a whopping $20,000. I would appreciate a response to this from someone who actually understands the system. That eliminates 90% of people in this thread.
-B-
1) This is Crypto-currency. It's either death or an immediate high valuation. Especially for a technically superior currency. There is so much risk involved, and by pumping 2000-5000usd worth of BTC there better be a pretty fucking good ROI for the chance that was taken. Just like NXT. Would you invest in NXT now? Fuck yeah you would. but those early adopters invested petty amounts of btc. .001btc .0001btc... etc. go look it up
2) The amount given per btc is underwhelming to say the least. ETH is generated by X amount of BTC gained through the IPO, great i support IPOs, so do most people.
The flaws: a) They are valuing eth at an extreme price. 1000-2000ETH per btc. @ 30-60million at launch, and forever increasing to hundreds of millions... billions at the mysterous .4% which means .4% of 100%? or 40%? Your initial investment of 1000usd = 1btc gained you 2000eth. 2000eth???
You would be better off buying eth at an exchange. These valuations are absured. This model would work if eth was a 10billion-1000billion dollar market cap.
b) What happens after the IPO. ETH gets to be mined. So immediately, your investment devalues the minutes eth launches, due to more market supply. The massive whales are going to send their 1000 tera hashes and completely nuke the hell out of ETH.
3) Eth has a lot of potential. No one is undermining their technical achievements, i love technical achievements and fully support them in the crypto space. The flaw is the distribution IPO and the transparency in the project.
Who is funding this? Goldmandicks? Who decided on the IPO scheme? ....
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