To everyone converting BTC to ETH

[jdmorgan]

Nowadays all the alternative coins on the market are only a speculation for doing bitcoin by the dev that create these.

The only good things are that they bring a lot of ideas for improve the bitcoin.

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[icet208]

Ethereum was never meant to become a store of value similar to bitcoin. It was designed to become the tkens that maintain the Ethereum network alive. Of course that Ether has value but it was designed to be a token and not a currency. That being said, I think that Nxt is much more adequate to be used as a store of value than Ether!

agree with you. ETH is very different than BTC. I don`t see that ETH is or will be a competitor to BTC. It just have different purpose

[raphma]

The time to invest in ETH it's probably over. DAO was the last chance to get some money with it.
POS is coming and it will be doom for eth. Slow bleeding till the end of the year.

[BitCoinDream]

The time to invest in ETH it's probably over. DAO was the last chance to get some money with it.
POS is coming and it will be doom for eth. Slow bleeding till the end of the year.

I think VitalBut & Co. has more shock & awe tricks under the sleeves.

[Warren Buffet]

The time to invest in ETH it's probably over. DAO was the last chance to get some money with it.
POS is coming and it will be doom for eth. Slow bleeding till the end of the year.

I think VitalBut & Co. has more shock & awe tricks under the sleeves.

Thanks a lot for this thread. U saved a lot for me. Now they are planning to halt trading at exchanges for coin rollback. It is like bond buyback of Federal Reserve. Fu**ing centralization. Worse than NXT.

https://www.reddit.com/r/ethereum/comments/4oif2x/dao_attack_exchanges_please_pause_eth_and_dao/

[pereira4]

Read a little about history of NXT, while jumping ship to ETH as a store of value. Compare the following two graphs...

a. http://coinmarketcap.com/currencies/ethereum/#charts

b. http://coinmarketcap.com/currencies/nxt/#charts

Compare the following facts...

i. NXT was backed by a centralized organization, just like ETH.

ii. NXT was PoS, just like ETH will ultimately be.

iii. NXT offered asset exchange, while ETH offers smart contract. Both of these functionality, which they claim to make them unique, are actually possible on bitcoin blockchain, which is far more secure.

iv. With price rise, NXT backers sold their holding to increase liquidity in the market. With price rise, ETH backers are increasing ETH supply in the market to increase liquidity in the market.

p.s. Alt coin trading is a gambling. If u wanna test your luck on some coin under pump, its fine. But, make sure to come back to BTC, when u have made enough, otherwise u'll lose all and have to be a mute spectator while the next alt wave hits. GooD Luck

Good thread OP. It's good to remember that if this mistake happened on ETH without PoW (in PoS mode as they intend to go in the future) it would have been an absolute disaster. It already is, but way worse. Imagine that a guy gets millions of hacked ETH and now has a big say on the network due PoS. This is PoS is piece of shit and not proof of stake.
BTC is still king, stop dreaming with a BTC 2.0.

[yayayo]

Ethereum is unlikely to survive in the long term. Establishing a separate currency for complex derivative contracts was a misguided idea. Rootstock will do the same what Ethereum can do, but instead of intrucing an additional token it will do so by using the Bitcoin blockchain.

Bitcoin is the reference currency for all altcoins. It has by far the biggest user base, the greatest market acceptance and the best developer community behind it. That is hard to beat by any altcoin. In the end, Bitcoin will assimilate useful features that were introduced and tested by various altcoins, making them obsolete.

ya.ya.yo!

[pereira4]

Ethereum is unlikely to survive in the long term. Establishing a separate currency for complex derivative contracts was a misguided idea. Rootstock will do the same what Ethereum can do, but instead of intrucing an additional token it will do so by using the Bitcoin blockchain.

Bitcoin is the reference currency for all altcoins. It has by far the biggest user base, the greatest market acceptance and the best developer community behind it. That is hard to beat by any altcoin. In the end, Bitcoin will assimilate useful features that were introduced and tested by various altcoins, making them obsolete.

ya.ya.yo!

Indeed, and since Rootstock will be a sidechain, if it fucks up somehow, BTC will not be affected, or not as much as ETH is being affected right now by this. The fact that Vitalik has told exchanges to stop all tradings should raise serious alarms to all traders.
Btw, it seems Poloniex has ignored Vitalik, ETH and DAO pairs still working lol

[BitCoinDream]

ETH is now showing more similarity with NXT than ever before.

- In 2014, a hard fork was proposed to get back stolen NXT.

- In 2016, a hard fork has been proposed to get back stolen ETH.

[icet208]

this looks interesting...I really hope that those graphs stop beeing so similar

[romero121]

Ethereum was never meant to become a store of value similar to bitcoin. It was designed to become the tkens that maintain the Ethereum network alive. Of course that Ether has value but it was designed to be a token and not a currency. That being said, I think that Nxt is much more adequate to be used as a store of value than Ether!

agree with you. ETH is very different than BTC. I don`t see that ETH is or will be a competitor to BTC. It just have different purpose

As quoted it has got different purpose, at the same one can make profit with both these digital currencies trading. That's the better option to convert bitcoin to eth during the time of eth rise. Right now none should convert btc to eth as btc is increasing.

[Stack23]

Ethereum was never meant to become a store of value similar to bitcoin. It was designed to become the tkens that maintain the Ethereum network alive. Of course that Ether has value but it was designed to be a token and not a currency. That being said, I think that Nxt is much more adequate to be used as a store of value than Ether!

I dont think so. People are saving bitcoins now and not selling them for ETH.

[Icathia]

why is everybody leaving the bitcoin i seen this before that everybody is leaving one cryptocurrencie and i dont even know why because it is going great with the bitcoin.

[shinratensei_]

Read a little about history of NXT, while jumping ship to ETH as a store of value. Compare the following two graphs...

a. http://coinmarketcap.com/currencies/ethereum/#charts

b. http://coinmarketcap.com/currencies/nxt/#charts

Compare the following facts...

i. NXT was backed by a centralized organization, just like ETH.

ii. NXT was PoS, just like ETH will ultimately be.

iii. NXT offered asset exchange, while ETH offers smart contract. Both of these functionality, which they claim to make them unique, are actually possible on bitcoin blockchain, which is far more secure.

iv. With price rise, NXT backers sold their holding to increase liquidity in the market. With price rise, ETH backers are increasing ETH supply in the market to increase liquidity in the market.

p.s. Alt coin trading is a gambling. If u wanna test your luck on some coin under pump, its fine. But, make sure to come back to BTC, when u have made enough, otherwise u'll lose all and have to be a mute spectator while the next alt wave hits. GooD Luck

Etherum have big chance to raise and raise until $30 ?i just saw etherum on 0.02 price last day,and than i see it now,its been 0.03
massive price increse,and feel fool bcause i dont buy last day,its now have to late to buy some etherum?many people talk about this altcoin,interesting coins.

Nothing wrong with ETH, the ETH price is unstable for now because a lot of markets feel a panic because The DAO cases, but for next time we can see ETH will get their value. very exciting to invest in this alt coins.

[thejaytiesto]

ETH is doomed as soon as Vitalik does a fork to get back stolen funds. In fact, I think it's too late already to save it. It's like, imagine Core devs decide to fork because people has lost money in the bitfinex fail which has made the price of BTC go down for the last ours and they want that money back.. it's stupid.

[BellaBitBit]

The time to invest in ETH it's probably over. DAO was the last chance to get some money with it.
POS is coming and it will be doom for eth. Slow bleeding till the end of the year.

I think VitalBut & Co. has more shock & awe tricks under the sleeves.

I think so too.  This story is just beginning and look at the DAO right now...it is up 

[ebliever]

I put some money into Ethereum as a hedge a while back, but am sold out now. I honestly don't grasp what is propping the price up on it, and even more on The DAO. They are flailing on the reddit board - there's no clear sense of what they want to accomplish in reaction to the hack, and thus there is no consensus on how to do it. From Vitalik's posts it is clear this is just the tip of the iceberg.

It is clear to me that non-trivial smart contracts will be an order of magnitude harder than initially imagined, and I still don't see what you can uniquely do with them that can't be accomplished in other ways with other programming, without risking all your money. It might ultimately be more efficient to use smart contracts compared to external coding, but the risk needs to be removed from the system first.

It looks for now like Ethereum will survive this hack, somehow - but what happens when the next hack occurs, and the next? I don't see any reason for optimism on that point.

[TheRedDevil]

Im holding both BTC and ETH now.. On the long run i believe ETH will have more profit %. There are lots of ethereum based tokens/coins coming up and further countless daps. All these point to the fact that ETH can grow more. It has great potential imo.

[ultrloa]

ETH is now showing more similarity with NXT than ever before.

- In 2014, a hard fork was proposed to get back stolen NXT.

- In 2016, a hard fork has been proposed to get back stolen ETH.

The soft fork will happen to make sure the hacker will not get the coins. But the hard fork might not happen. This is good for the price.

[BTCBinary]

the price of ether is going up again, so i suppose that they have already reached a consensus. i would like to know what will be the teams decision. a fork or not?