Ethereum is a billion dollar bubble

[jaysabi]

It's getting pretty hard for anyone to make the case that Ethereum isn't a giant bubble. What makes this coin worth a billion dollars?

[StinkyLover]

Your question will be answered next month when it reaches $2bn

[shintosai]

I have no idea with the movement of this coin just a week ago the price is going down and investor got a panic selling of this coin but right now it is going up again I guess a big balloon is waiting again to pup up I'll carefully watch this thread.

[jaysabi]

Your question will be answered next month when it reaches $2bn

A bubble getting twice as big doesn't answer the question as to why the bubble has value in the first place. As far as I can see, the only value the coin has is the perception that other people think it will increase in value. That's a bubble.

[bigfryguy]

Your question will be answered next month when it reaches $2bn

A bubble getting twice as big doesn't answer the question as to why the bubble has value in the first place. As far as I can see, the only value the coin has is the perception that other people think it will increase in value. That's a bubble.

he was just making the argument for you.  there is no doubt its a bubble, but as to when and where its going to pop, only the guy holding the vast majority of the coins knows.

[StinkyLover]

Your question will be answered next month when it reaches $2bn

A bubble getting twice as big doesn't answer the question as to why the bubble has value in the first place. As far as I can see, the only value the coin has is the perception that other people think it will increase in value. That's a bubble.

Really? That's ALL you can see? The fact that doors that bitcoin is unable to open are being flung open wide for ethereum does not add value? The fact that governments and institutions that have no interest in bitcoin are investigating what the ethereum blockchain can do for them, and already committing serious resources and building apps in-house doesn't add value for you? (before you refute, be aware that I work for one of them)

So I ask you sir, what should add value?

[jaysabi]

Your question will be answered next month when it reaches $2bn

A bubble getting twice as big doesn't answer the question as to why the bubble has value in the first place. As far as I can see, the only value the coin has is the perception that other people think it will increase in value. That's a bubble.

Really? That's ALL you can see? The fact that doors that bitcoin is unable to open are being flung open wide for ethereum does not add value? The fact that governments and institutions that have no interest in bitcoin are investigating what the ethereum blockchain can do for them, and already committing serious resources and building apps in-house doesn't add value for you? (before you refute, be aware that I work for one of them)

So I ask you sir, what should add value?

Perhaps I misspoke. I'm not saying adds zero value, I'm saying it does not create a billion dollars of value. (Opinion, obviously.) This appears to be a hype cycle, the same as bitcoin went through. This is the point where people get swept up in the fuzzy and undefined future possibilities and push the price to an unreasonable level.

And I don't understand a great deal about how Ethereum's blockchain is different from bitcoin's, so I'm asking for specifics about what makes it worth a billion dollars. I'm glad you actually work on the issue directly, because this will give me an opportunity to ask of you some specific questions to help me understand how this isn't a giant bubble:

1) Why is Ethereum's blockchain special?
2) What real-world uses do you see people using it for?
3) What governments are investigating and committing serious resources to Ethereum specifically?
4) What would an Ethereum app do utilizing a blockchain that makes it useful, and in a way that makes the blockchain a necessary component of it?

[Red-Apple]

i am sure of one thing now. ETH is being pumped.

there must be some shenanigans going on, in exchangers especially Poloniex that is pushing the price up because nobody is buying eth because of its features.

[50cent_rapper]

It's getting pretty hard for anyone to make the case that Ethereum isn't a giant bubble. What makes this coin worth a billion dollars?

I hope nobody here believes that cause the bitcoin was first it will be always the first 
New tech and new markets are coming 

[bit1]

This bubble was very surprising for all probably are panic buying. The trading-bots must be returned crazy.

[mrcashking]

It's getting pretty hard for anyone to make the case that Ethereum isn't a giant bubble. What makes this coin worth a billion dollars?

The coin isn't worth a billion dollar on the first place.It's the market capital and that too considering the highest price possible.If someone dumps only 1% of the supply then the market capital will drop by 50000% or even more and wouldn't be more than a million dollars.There isn't that amount of money in it.No Fluid.

[RealPhotoshoper]

It's getting pretty hard for anyone to make the case that Ethereum isn't a giant bubble. What makes this coin worth a billion dollars?

yes you right,Etherum have good developer and now the market up to i bilion,i dont mind if this will happen,and now i dont have any Etherum,shitt.

[jaysabi]

It's getting pretty hard for anyone to make the case that Ethereum isn't a giant bubble. What makes this coin worth a billion dollars?

I hope nobody here believes that cause the bitcoin was first it will be always the first 
New tech and new markets are coming 

I don't know about anyone else, but I'm not representing that bitcoin was first therefore will always be preeminent. I'm just asking for some justification for this bubble.

[jaysabi]

It's getting pretty hard for anyone to make the case that Ethereum isn't a giant bubble. What makes this coin worth a billion dollars?

The coin isn't worth a billion dollar on the first place.It's the market capital and that too considering the highest price possible.If someone dumps only 1% of the supply then the market capital will drop by 50000% or even more and wouldn't be more than a million dollars.There isn't that amount of money in it.No Fluid.

It's pretty obvious that I'm talking about market capitalization, and that market capitalization is what matters. And a coin cannot drop in value by 50000%. Once it drops 100%, it's worth zero.

[target]

If you wanna punish these big players for fooling you and back then to which you bought coins from the past and suddenly made you lose more? then don't fall to this coin pump.
Teach these fools some lesson that we newbies  are smarter now, let them fund the coin until they give up and lose huge amount.

[r0ach]

It's the biggest bubble crypto has ever seen.  When Bitcoin was a billion market cap, people were at least using it for things like silk road.  Eth has no actual purpose and the coin isn't commercially viable because the load capacity will be absolute shit without partitioning and 1)  they can't make partitioning work 2) partitioning defeats the purpose of redundantly executed code in the first place 3)  They don't even have a viable consensus mechanism either!  This is the biggest scam crypto has seen so far.

[parmatiya]

I have no idea with the movement of this coin just a week ago the price is going down and investor got a panic selling of this coin but right now it is going up again I guess a big balloon is waiting again to pup up I'll carefully watch this thread.

There is big Ethereum community in this forum. There are many threads about Ethereum. So you have a lot to watch.

[jaysabi]

Your question will be answered next month when it reaches $2bn

A bubble getting twice as big doesn't answer the question as to why the bubble has value in the first place. As far as I can see, the only value the coin has is the perception that other people think it will increase in value. That's a bubble.

Really? That's ALL you can see? The fact that doors that bitcoin is unable to open are being flung open wide for ethereum does not add value? The fact that governments and institutions that have no interest in bitcoin are investigating what the ethereum blockchain can do for them, and already committing serious resources and building apps in-house doesn't add value for you? (before you refute, be aware that I work for one of them)

So I ask you sir, what should add value?

Perhaps I misspoke. I'm not saying adds zero value, I'm saying it does not create a billion dollars of value. (Opinion, obviously.) This appears to be a hype cycle, the same as bitcoin went through. This is the point where people get swept up in the fuzzy and undefined future possibilities and push the price to an unreasonable level.

And I don't understand a great deal about how Ethereum's blockchain is different from bitcoin's, so I'm asking for specifics about what makes it worth a billion dollars. I'm glad you actually work on the issue directly, because this will give me an opportunity to ask of you some specific questions to help me understand how this isn't a giant bubble:

1) Why is Ethereum's blockchain special?
2) What real-world uses do you see people using it for?
3) What governments are investigating and committing serious resources to Ethereum specifically?
4) What would an Ethereum app do utilizing a blockchain that makes it useful, and in a way that makes the blockchain a necessary component of it?

I see the guy who was such an Ethereum expert never came back to justify his position or answer any questions. Doesn't lend very much credence to the notion this isn't a massive pump.

[Sukovsky]

This flawed garbage is deflating just like every monthly new paradigm. It's tiring.

[hv_]

This flawed garbage is deflating just like every monthly new paradigm. It's tiring.

Bitcoin is compared to the gold of the internet and has already higher volatility than any physical commodity ( actual oil). So think of ETH wants to be the gas of internet, that vola must be factors higher... And looks like it is.