Last two Bitcoins on Ethereum

[poornamelessme]

BTW: I own some NXT. But, it seems like every coin has it following and they become more diluted and divided every day. Everyone seems to be pumping their own coin of elegance and hoping to get out at a higher price or in hopes of breaking even after the dump. I see less and less of development and infrastructure into existing coins, because the real money is made by developers in pumping and dumping the latest new coin.  

I can't disagree there. I was just commenting on NXT, as it didn't really look like a pump and dump coin to me. They did have that little rise recently, after NEM used its exchange thingy, too.

People don't have patience, and in many cases, rightfully so. It seems devs have moved on from premines, to ICOs, instamines, or some other way to make their money. I almost felt better when devs had a premine, as at least I'd know they'd stick around long enough to dump it.

It can be depressing watching trollboxes, as it's sort of the pump and dump mindset in full force. The thing I mind the most, I think, isn't even the pumping/dumping, just the hype/fud game here and price manipulation, that tends to go along with it. It's like a bizarre game, that tends to get annoying after a while.

[randayh]

BTW: I own some NXT. But, it seems like every coin has it following and they become more diluted and divided every day. Everyone seems to be pumping their own coin of elegance and hoping to get out at a higher price or in hopes of breaking even after the dump. I see less and less of development and infrastructure into existing coins, because the real money is made by developers in pumping and dumping the latest new coin. 

I can't disagree there. I was just commenting on NXT, as it didn't really look like a pump and dump coin to me. They did have that little rise recently, after NEM used its exchange thingy, too.

People don't have patience, and in many cases, rightfully so. It seems devs have moved on from premines, to ICOs, instamines, or some other way to make their money. I almost felt better when devs had a premine, as at least I'd know they'd stick around long enough to dump it.

It can be depressing watching trollboxes, as it's sort of the pump and dump mindset in full force. The thing I mind the most, I think, isn't even the pumping/dumping, just the hype/fud game here and price manipulation, that tends to go along with it. It's like a bizarre game, that tends to get annoying after a while.

I know, I seen the FUD game played when Cloak and Crypt was released. It was ridiculous.  After seeing how both coins attacked each other I sold both.  And good thing I did. No real development because they were too busy spreading FUD and Hype. Its whats altcoins have come too..

I do like NXT. Its one of my top three holdings. Innovative technology and not just another clone. 

[poornamelessme]

I know, I seen the FUD game played when Cloak and Crypt was released. It was ridiculous.  After seeing how both coins attacked each other I sold both.  And good thing I did. No real development because they were too busy spreading FUD and Hype. Its whats altcoins have come too..

I do like NXT. Its one of my top three holdings. Innovative technology and not just another clone. 

I made a bit on Cloak and still hold some. But there are some giant red flags with that coin. It's one of those coins I would never recommend to anyone, but... could be profitable, at least short term.

I at least try to mostly go for coins that have some unique feature, things like Drk, or even some of the recent ICOs, Via and Crypti. Or Ethereum even. Problem with Ethereum is of course is it's too popular. I was set to invest a rather decent size amount (at least for me), until I saw how much they collected.

And the fud/hype thing happens with all coins, so I don't necessarily consider it a deal breaker. But it's incredibly annoying. I guess sometimes you can use the pattern to your advantage though. Fud after a pump quite often seems to mean whales are eating again, fud dies off, hype starts up, another pump... repeat as necessary. Just watch the pattern and try to swim with whales.

[BitCoinDream]

I just spent my last two bitcoins on Ethereum. am I a sucker or is it really the future?

I wont say u made a mistake or u dint. Look upto it like this...

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 ?

[ihuntbtc]

Ethereum IPO was too massive so it scared me away from investing a bitpenny.

[gustav]

there is going to be enough ether for everybody. It isn't scarce. If i want some i will mine it later. Ipo is for idiots 99% of the time. Imagine there would have been no ipo what profits could have been made! But now everybody has ether and there won't be large profits later.
I think ether is going to be interesting but i am no sucker to buy their shitty rippoff-ipo

[megashira1]

Be weary of massive HYPE is all I can say. Any HYPE I ever bought into I got burned badly. Lesson learned.

[troisky]

Dude you are crazy.

[abstraktalias]

Might even be longer than six months..

BTW - 2 BTC is only going to get you around 0.000033% of all Ether.  Just to see a 10x return you're probably going to have to wait until Ethereum is worth $300 - $500 million and no alt other then Litecoin has done that.  I'm not saying it can't happen but Ether right now is just speculators and there's no guarantee that crypto mainstream will even come on board.  Maidsafe was another huge IPO and that was a major let down and people would had made way more money off Darkcoin.


Especially considering the time you are waiting for Ether to come out - you might have missed out on several good opportunities.  You don't need to go big to score big, people who invested $150 into NxT back in October 2013 made $2-$4 million.  It's too late to reverse your decision but you're technically better off diversifying into multiple promising coins than throwing all your eggs into one basket.

Auroracoin almost hit a billion dollar market cap, even if it was only for a brief moment. Certainly not impossible for some other coins to accomplish this because Litecoin was not the only one.

[randayh]

Dude you are crazy.

hmm.. Thanks for the enlightenment. You made me realize I did the right thing.