To everyone converting BTC to ETH

[BitCoinDream]

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

[MicroGuy]

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

Rarely does the contender with first-mover advantage maintain his/her leading position. Add that to the fact that core is killing bitcoin by failing to act in a timely manner to address the block size issue.

This is a competition and bitcoin is being left behind. For some reason, the community continues to allow its core developers to be bought and paid for, controlled like semi-puppets filled with conflicting intentions. If Satoshi were here you'd have 2MB blocks and no corporations co-opting core.

I think ETH is probably overbought at the moment and will pull back soon, but other coins are gaining strength and are strong and vital competitors. Unless bitcoin can address its current growing pains by shaking off the corporate puppet masters, expect its reign as king to enter the final chapter.

~~

[bitbitch]

i wonder if the btc mining cartel is now in the market trying to support bitcoin's price?

in the context of the upcoming halving they would be seriously concerned by a run on BTC.

if BTC is sub $300 immediately prior to  the halving then $150 will be relatively close to the break-even line.

is this black swan/ perfect storm scenario for bitcoin?

[gentlemand]

To your average crypto mong ETH looks far more reassuring than NXT ever did. That came out of nowhere with an anonymous dev off the back of a 21 BTC investment.

Having said that I'll be willing to bet an ether that the humongous majority of investors don't know what ETH is, where it's going and who or what's in charge. That's not pointing towards something sustainable.

[franky1]

also, if anyone is telling you its a great time to buy. they are doing this because they have already bought and want other people to buy so that they can sell..

in short if you are hearing about some great deal.. your already/nearly too late..

those that spot a great deal dont publicise it, because that creates competition which causes a price rise before the initial person has bought in.

so learn this hard lesson. if someone is telling you to buy somethin, why are they not afraid of the price rising, why are they shooting themselves in the foot, and reducing their own chances of buying more.

usually when you hear someone shout out a doomsday, that has no merit. dont blindly think you should jump off the ship because they say so. instead you should be buying more bitcoin while its cheap. because the fake doomsday is just a bit of temporary social drama

[chennan]

Well, in ETH's defense... they are trying to do something completely different than what bitcoin is still trying to become, which is a way to transact money on a public ledger.  So I don't really see how Bitcoin should feel "threatened" that people are moving their money towards this project.

On top of that there are other alt coins that do something completely different compared to Bitcoin as well, like the coins that include cryptonote in their code base.

So even though putting money into these kind of coins could be called "gambling" in a sense; there is no real correlation between these coins at all...  It's not like someone copied Bitcoins code and put some goofy/clever name on it to influence people to pump the shit out of it to earn a couple extra satoshi's... these altcoins actually are trying to solve something that Bitcoin can't.

[BTCdoaA]

watching this post to learn and gain more experience from professional market traders
Thanks for bring this UP i like both eth and BTC but as little as i know every thing is possible in a digital world who would know BTC will reach 700-400 usd in 2011

[jjoorriissjjuuhh]

I will never switch from BTC anyway.
Everything else holds no value. Because the value is made by the people believing in it.
If almost everyone believes in a quick profit the coin is really really bad.
I and many others believe BTC can really make it into this world.
Not for quick appliances but it lends it self perfectly for a lot of online services.

[Yakamoto]

i wonder if the btc mining cartel is now in the market trying to support bitcoin's price?

in the context of the upcoming halving they would be seriously concerned by a run on BTC.

if BTC is sub $300 immediately prior to  the halving then $150 will be relatively close to the break-even line.

is this black swan/ perfect storm scenario for bitcoin?

I think there is the potential for a perfect storm scenario, however, I would not necessarily bet on it for right now. I highly doubt we're going to go sub $300, and I have a feeling it is going to be fairly consistent at the $400 range.

[ctlaltdefeat]

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.

[zaph3t]

The bottom line is people are investing in ETH because of Bitcoin same as NXT.
In General, people are buying Altcoins because of BTC they are not buying because they can use it on something or somewhere.
At least this is what i have seen going on here and we are all doing the same trick. Lol

[hv_]

The bottom line is people are investing in ETH because of Bitcoin same as NXT.
In General, people are buying Altcoins because of BTC they are not buying because they can use it on something or somewhere.
At least this is what i have seen going on here and we are all doing the same trick. Lol

ETH made a big fuss in the banking sector, so I expect some related whales or traders go long and play, what they never d do with BTC, because of its history and latent attack against banks. They will in case it works fork & short, otherwise just short.

Same is for industry, MSFT guys.

And miners that need some minimum stake for the planned PoS.

Not forget all BTC dev frustrated that now vote with their feet, like a Hearn....

[TigerMart]

Ethereum does not bring in any functionality that can not be done on bitcoin blockchain. The whole smart contract concept, that ethereum claims to be its unique USP can be done on bitcoin blockchain using Rootstock. Details - https://medium.com/@CryptoIQ.ca/rootstock-smart-contracts-on-the-bitcoin-blockchain-e52b065421a8

[graffix]

Ethereum does not bring in any functionality that can not be done on bitcoin blockchain. The whole smart contract concept, that ethereum claims to be its unique USP can be done on bitcoin blockchain using Rootstock. Details - https://medium.com/@CryptoIQ.ca/rootstock-smart-contracts-on-the-bitcoin-blockchain-e52b065421a8

No it can't. It isn't even sure what Rootstock will become (they are vague in ther whitepaper and we haven't seen anything/progression since last year). Smart contracts won't work if blocks are full or slowly confirmed. Too many flaws in BTC otherwise the Eth devs would've built on it.

[Albert Hamilton]

Ethereum does not bring in any functionality that can not be done on bitcoin blockchain. The whole smart contract concept, that ethereum claims to be its unique USP can be done on bitcoin blockchain using Rootstock. Details - https://medium.com/@CryptoIQ.ca/rootstock-smart-contracts-on-the-bitcoin-blockchain-e52b065421a8

No it can't. It isn't even sure what Rootstock will become (they are vague in ther whitepaper and we haven't seen anything/progression since last year). Smart contracts won't work if blocks are full or slowly confirmed. Too many flaws in BTC otherwise the Eth devs would've built on it.

Rootstock is just an application that claims to provide the functionality of Ethereum. Previously, CounterParty has also written the whole Ethereum codebase on bitcoin blockchain. It has been proven time and again, that neither Ethereum nor NXT offers anything unique. All is happening now is just a pump.

[BitcoinHodler]

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.

the fact that ETH rose to $11 is no reason for it to reach $30
i am not saying it is or it is not rising to $30 i just want to point out that you can not make this conclusion that it is going to rise to $30 because it rose to $11

[Victor Beckham]

the fact that ETH rose to $11 is no reason for it to reach $30
i am not saying it is or it is not rising to $30 i just want to point out that you can not make this conclusion that it is going to rise to $30 because it rose to $11

In fact, it seems, the dump has started. It is -9.15 %, right now on CoinMarketCap - http://coinmarketcap.com/currencies/ethereum/#charts

[shitcointalk101]

It will go as low as 2 dollars. Believe me, dump your bag before it becomes worthless. ETH is dead. 0.03 and above is not possible anymore. Whales made heir profits, now they move on. Ether will never see above 10 dollars ever. Permanent loss for all who think it will go up again.

[jaked]

Well, if you want to compare NXT with ETH, then compare this:

NXT repo:
https://bitbucket.org/JeanLucPicard/nxt/overview
6,446 commits

ETH repos:
https://github.com/ethereum/cpp-ethereum
11,974 commits, 14 releases, 70 contributors.

https://github.com/ethereum/go-ethereum
6,984 commits, 80 releases, 63 contributors

And the above ETH stats are just for 2 of the many Ethereum projects.

Edit: I fixed the numbers, as I refered to the wrong repo.

[The Sceptical Chymist]

also, if anyone is telling you its a great time to buy. they are doing this because they have already bought and want other people to buy so that they can sell..

in short if you are hearing about some great deal.. your already/nearly too late..

those that spot a great deal dont publicise it, because that creates competition which causes a price rise before the initial person has bought in.

so learn this hard lesson. if someone is telling you to buy somethin, why are they not afraid of the price rising, why are they shooting themselves in the foot, and reducing their own chances of buying more.

usually when you hear someone shout out a doomsday, that has no merit. dont blindly think you should jump off the ship because they say so. instead you should be buying more bitcoin while its cheap. because the fake doomsday is just a bit of temporary social drama

Well said but I think most folks who post here are pikers.  The markets here are too small for any great deals to be had, even if you knew how to identify them as such.