To everyone converting BTC to ETH

[kanazawa]

Well, yesterday was the ethereum day and monero, today is factom, tomorrow will be some other currency and that's it...

I think only Bitcoin has a real value, because it's not an artificial movement, it's real acceptance, and what makes a currency worth something is acceptance and circulation... all the other thing will artificiallize the whole system, nothin' more.

edit: eth and xmr got their real value and it's growing naturally, but doubling the value, 50%-80% of increase in prices is not a "normal" thing... in my own view, first of all, it takes time, time and more time.

[chennan]

Well, yesterday was the ethereum day and monero, today is factom, tomorrow will be some other currency and that's it...

I think only Bitcoin has a real value, because it's not an artificial movement, it's real acceptance, and what makes a currency worth something is acceptance and circulation... all the other thing will artificiallize the whole system, nothin' more.

edit: eth and xmr got their real value and it's growing naturally, but doubling the value, 50%-80% of increase in prices is not a "normal" thing... in my own view, first of all, it takes time, time and more time.

And when Bitcoin spiked to $1000+, was that normal? The fact of the matter is that while Bitcoin is the oldest and first crypto to become a major player in the financial world, doesn't mean that it's not still in its infancy. Bitcoin has the highest market cap just because it was the first... Doesn't mean that another digital currency can deem itself worthy to surpass Bitcoin due to better functionality.

[chesthing]

Buying ETH now would be incredibly stupid. The risk of it falling far outweighs the possibility that it will double in price. There's a hell of a lot of difference between doubling 100m and 1b. It is totally obvious a crash is coming.

[mrcashking]

Buying ETH now would be incredibly stupid. The risk of it falling far outweighs the possibility that it will double in price. There's a hell of a lot of difference between doubling 100m and 1b. It is totally obvious a crash is coming.

There isn't a lot of volume on sell orders in order to make it very difficult to double again.However, the majority of the trading being on polo is kinda fishy for sure but still i would have my doubts that it wont be much down even if it crashes to some lesser value.

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

I think the core drama is pissing off people day by day and the mentality to increase the "bitcoin number" is going to change at some point.

[schlonged]

^^^

exactly

bitcoiners are getting severely schlonged by the inability of the millionaire founders to agree on the simplest things.  Its like watching our politicians fight for 3 months over raising the debt cieling before voting themselves salary raises that will require a debt cieling raise.  And frankly, the public is fed up with these uber wealthy bitcoin ivory tower types who fight like spoiled childeren.  It's not that they hate bitcoin, it's that they hate making Mr. Big Ego Nakamoto a billionaire, when Ether gas can be transferred and fast.

Ethereum at least has a team who is not only publicly known, but actively working together and recruiting new developers to build a more useful blockchain. One that does not require 20 minutes to get satisfaction.  The Ether team behaves responsibly like a company on Wall St who is trying to display transparency in their product development, where the bitcoin foundation resembles a cat fight.

Not to mention Ether has capabilities for gambling (prediction markets)

[shitcointalk101]

^^^

exactly

bitcoiners are getting severely schlonged by the inability of the millionaire founders to agree on the simplest things.  Its like watching our politicians fight for 3 months over raising the debt cieling before voting themselves salary raises that will require a debt cieling raise.  And frankly, the public is fed up with these uber wealthy bitcoin ivory tower types who fight like spoiled childeren.  It's not that they hate bitcoin, it's that they hate making Mr. Big Ego Nakamoto a billionaire, when Ether gas can be transferred and fast.

Ethereum at least has a team who is not only publicly known, but actively working together and recruiting new developers to build a more useful blockchain. One that does not require 20 minutes to get satisfaction.  The Ether team behaves responsibly like a company on Wall St who is trying to display transparency in their product development, where the bitcoin foundation resembles a cat fight.

Not to mention Ether has capabilities for gambling (prediction markets)

Believer talk. Ether was just like any other altcoin, meant to make btc for devs and whales. Just little more sophisticated. Promising revolutionary tech that will replace bitcoin and change the world. In reality whales just took money from noobs like thei always do 

[gentlemand]

If the ETH boys were truly serious about making it in the long term they would've built an anti bubble algorithm into the code base.

[Victor Beckham]

If the ETH boys were truly serious about making it in the long term they would've built an anti bubble algorithm into the code base.

Not possible. Because, none of the coins 'know' its value. So, the coin network is always unaware of the bubble/burst.

[nihilnegativum]

If the ETH boys were truly serious about making it in the long term they would've built an anti bubble algorithm into the code base.

Not possible. Because, none of the coins 'know' its value. So, the coin network is always unaware of the bubble/burst.

It is possible, Bitcoin 'knows' how much value it requires to produce a new bitcoin, its just made in the way that this value is lost to competition.

[Victor Beckham]

If the ETH boys were truly serious about making it in the long term they would've built an anti bubble algorithm into the code base.

Not possible. Because, none of the coins 'know' its value. So, the coin network is always unaware of the bubble/burst.

It is possible, Bitcoin 'knows' how much value it requires to produce a new bitcoin, its just made in the way that this value is lost to competition.

How does it 'know'? Care to explain?

[SpanishSoldier]

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

Seems you were correct. How did you make such a near-exact prediction?

[BTCLovingDude]

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

this is a great topic, i totally agree. although i don't like to think of trading as a gamble because it is not just luck it can be predictable. for example the rise of ETH became clear at some point when everybody was getting hyped up just as the dump was so clear as the initial holders started unloading their holdings at top price.

[BitMaxz]

Its impossible  right now to convert bitcoin into ethereum the price is going back again to high.. and i think i will stay on bitcoin because the price of bitcoin is very stable right now.. also the altcoin cbx and this is the month for release of their project..

[nihilnegativum]

If the ETH boys were truly serious about making it in the long term they would've built an anti bubble algorithm into the code base.

Not possible. Because, none of the coins 'know' its value. So, the coin network is always unaware of the bubble/burst.

It is possible, Bitcoin 'knows' how much value it requires to produce a new bitcoin, its just made in the way that this value is lost to competition.

How does it 'know'? Care to explain?

It 'knows' its bottom limit, as its costs of production. The problem is that it is very inefficient (economically) as seen in Bitcoin.
The cost of production makes it unreasonable to sell below production prices, however because the costs need to be paid, miners can't wait forever and need to sell to stay in buisness. This weeds out the small miners that haven't got enough capital to survive the volatility and centralizes mining, but this is a side effect of a mechanism that is supposed to prevent big price dumps (the competition for the money supply that is generated inelastically). When mining is centralized price dumps can become another mechanism of creating a monopoly, if you have the best conditions (low costs and more capital) your best move is to drop profits to the minimum by tanking the price, so nobody except you can compete, and once you've destroyed the competition you just pump again.

[Victor Beckham]

If the ETH boys were truly serious about making it in the long term they would've built an anti bubble algorithm into the code base.

Not possible. Because, none of the coins 'know' its value. So, the coin network is always unaware of the bubble/burst.

It is possible, Bitcoin 'knows' how much value it requires to produce a new bitcoin, its just made in the way that this value is lost to competition.

How does it 'know'? Care to explain?

It 'knows' its bottom limit, as its costs of production. The problem is that it is very inefficient (economically) as seen in Bitcoin.

No coin, let alone bitcoin, knows its cost of production. An individual node/miner is always unaware of it, because a bitcoin network can not independently determine any FIAT representation. Hence, built in anti bubble algorithm is a fallacy.

[nihilnegativum]

No coin, let alone bitcoin, knows its cost of production. An individual node/miner is always unaware of it, because a bitcoin network can not independently determine any FIAT representation. Hence, built in anti bubble algorithm is a fallacy.

It doesn't represent fiat, but it somewhat expresses its electricity costs. PoW works as transport of value, it destroys X value in electricity and produces Y value in bitcoin, if by 'knowledge' we mean that information outside of the system is imported  into the system, then yes it has it, to some degree. Of course this is not predictive or very accurate knowledge. Bitcoin is a system designed to increase the hashpower behind the network, and consequently its value, the problem is when the users become separated from miners (pools and ASICs). If the initial Satoshi's assumption would have been correct, this would be the anti-bubble algo, just because the userbase would increase proportionally with network hashpower, yet this balance was soon destroyed by pools and ASICs. The anti-bubble algorithm (bubbles form because exchange value exceeds power of costs + artificial scarcity) of course can't know what exactly should the value be, because of the inherent speculative moment of artificial scarcity, yet it knows the costs and it can distribute them.

[BitcoinNational]

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

Seems you were correct. How did you make such a near-exact prediction?

history tends to repeat.
ETH is going to run the course of NXT but likely retain x10 the amount of Capital.

What is more important is that Poloniex is the #1 exchange by volume today.
Reason ETH.

In time the core BTC/fiat exchanges will reclaim top volume ranks, but they have lost face, and BTC has fallen.
ETH challenged BTC and won.  BTC is now destined for a long slow fall from grace.  The BTC maximialist have lost.

You are looking at a future world where 4-5 coins fight for top daily volume, there will be a hot / cold market cycle from one to the next.

Yes ETH is a bubble.  But it is on the stage and not going away.  

[MrCluster87]

If you want to become a Nxt Core developer just join the forum an speak out loud https://nxtforum.org/core-development/

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.

[MrCluster87]

meanwhile, if you want to check all the new Nxt features, take a look at this lite wallet client:

 https://www.youtube.com/watch?v=eAh7kFcHTHk&index=6&list=PLrOqCck6qd3aD39swhdYBPW8bRGrP4Mjs

[K210]

all ipo/ico coins will fail.mark my words.