How will Ethereum's launch affect BTC's price?

[pa]

Apparently they are set to launch their blockchain this Thursday: https://blog.ethereum.org/2015/07/27/final-steps/ .

[Natalia_AnatolioPAMM]

Apparently they are set to launch their blockchain this Thursday: https://blog.ethereum.org/2015/07/27/final-steps/ .

thanks for the link! Quite interesting and useful

[Greendragon]

What is an Ethereum and what does it do?

[Fakhoury]

What is an Ethereum and what does it do?

https://en.wikipedia.org/wiki/Ethereum

[tiggytomb]

What is an Ethereum and what does it do?

Wondering the same thing, time for some research.  They had a presale a while ago, for those that missed out apparently you can buy some ETC on Bittrex and then exchange for some ETH when they release their Genesis block.

[Biodom]

Correct me if i am wrong, but I thought that ethereum is basically fuel to run distributed applications that you want to built.
If I don't build apps-I don't think i would have any use for it, apart from speculation via ETC.
ETC is just a speculating vehicle since ether is not released yet.
There is a lot of noise about it, but a lot needs to be done before it can even remotely connect to an average Joe or Jane.
I wish it was just a new bitcoin feature.

A sidenote: what exactly bitcoin devs are doing apart from arguing about a blocksize?
We have yet to see something amazing  and ready to use apart from endless wallets and exchanges.

[Brewins]

No effect.

All alts are not big enough to affect BTC prices, and Ethereum is not the biggest guy around

[dothebeats]

What is an Ethereum and what does it do?

https://en.wikipedia.org/wiki/Ethereum

I couldn't even understand what is stated on that wikipedia page. It only says it is decentralized computing. I'm curious what is the difference between Ether coin and Ethereum. Can anyone with the knowledge about it explain it here? Also, I've read their "Almost there.." article, and I could fairly say that Ethereum is not intended for general public use as of this moment.

[slap]

I'm curious what is the difference between Ether coin and Ethereum.

PLEASE NOTE THAT WE ARE NOT AFFILIATED WITH THE OFFICIAL ETHEREUM PROJECT. WE ARE OFFERING A SECOND-MARKET SALE OF ETHERS.
http://www.ethercoin.cc

hope dis helps
I'm with you regarding the wiki, must read in further

[manselr]

In my opinion, Ethereum will by it's own weight. It's too pretentious and ambitious of a project. Bitcoin's simplicity will win in the end, and it's scalability will deprecate Ethereum and other competitors.

[Biodom]

In my opinion, Ethereum will by it's own weight. It's too pretentious and ambitious of a project. Bitcoin's simplicity will win in the end, and it's scalability will deprecate Ethereum and other competitors.

not if bitcoin devs will endlessly argue about every little or large detail.
Core bitcoin devs shouldn't be like Fed, a small group of people arbitrarily directing the policy.

[spazzdla]

Ether will fail.

Nah I think it will do well, any one that thinks it will crush BTC is dreaming though.

[Alley]

I'm selling all my ether for btc as soon as it goes live.

[randy8777]

it won't. there is no reason of why an altcoin should have any impact on the bitcoin price. once the price is high enough, be smart and convert everything to btc directly before it's too late.

[rich93]

it won't. there is no reason of why an altcoin should have any impact on the bitcoin price. once the price is high enough, be smart and convert everything to btc directly before it's too late.

Remember Paycoin?

The dev made a ton of Bitcoins from the IPO, then dumped them, judging by how fast Bitcoin crashed afterwards. Bitcoin's price also crashed after each time the Ethereum devs dumped their IPO Bitcoins. If they have a massive stake of the Ethereum genesis block they could dump it for Bitcoins at the first opportunity, and dump the Bitcoins immediately afterwards causing a crash.

What percentage of the genesis block have the devs given themselves?

[chesthing]

I'm selling all my ether for btc as soon as it goes live.

Good move. The people behind ethereum are "former" banksters with the big banks. So their usual MO is a big initial pump with insider traders getting the low prices then dumping them on suckers who buy at the peak. After they cash in on their scam they'll go right back to their jobs at Goldman Sachs or whatever, collecting their eight-figure annual bonuses. Anyone who continues to fall for this sort of thing at this point deserves to loose their money.

Kind of contradicting yourself here. If you believe there will be a pump, why would it be a good move to dump it the second it goes live?

[mrhelpful]

No effect.

All alts are not big enough to affect BTC prices, and Ethereum is not the biggest guy around

Sounds about right..

I never seen an altcoin really heavily influence the main core coin since every alt coin seems to be super bad and no benefit of holding it.

[Nrcewker]

why do you think that Ethereum's launch will affect BTC's price?

would it rain affect your sleep?

[Denker]

why do you think that Ethereum's launch will affect BTC's price?

would it rain affect your sleep?

Some guys who bought it in the IPO might dump fast after launch and convert it into Bitcoin. Others might dump for cash. Who knows...

[ceric35]

Some guys who bought it in the IPO might dump fast after launch and convert it into Bitcoin. Others might dump for cash. Who knows...

Or the opposite, some could dump bitcoin to buy ether.

I think ethereum is something that run like NXT. ether will be a token to get allowed to register transaction on ethereum blockchain and not a "coin" (ether token could have a huge value, but not as a coin).

So bitcoin will stay as basic "coin" for average people, and ethereum might get interest from enterprises.