Ethereum is a billion dollar bubble

[Sukovsky]

Yeah because how much ETH are actually traded. Right.

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[D3ViL]

There seems to definitely be an element of pump and dump surrounding the recent price moves although this is probably not the full story.The majority of trading volume comes from Bitcoin to Ether, more the number of users,more the price increases

[BellaBitBit]

The press (all good) is non-stop for ETH and coming from many big sources (NYTimes).  I think the hype is what is worth a billion dollars.  How the heck did Facebook buy WhatApp for 2 billion dollars??  New technologies that get everyone excited seem to bubble up fast. 

[parmatiya]

The press (all good) is non-stop for ETH and coming from many big sources (NYTimes).  I think the hype is what is worth a billion dollars.  How the heck did Facebook buy WhatApp for 2 billion dollars??  New technologies that get everyone excited seem to bubble up fast. 

The price of Ethereum will go up a lot from here after a few months of consolidation. New Dapp will come out later this year.

[BitUsher]

The press (all good) is non-stop for ETH and coming from many big sources (NYTimes).  I think the hype is what is worth a billion dollars.  How the heck did Facebook buy WhatApp for 2 billion dollars??  New technologies that get everyone excited seem to bubble up fast. 

WhatsApp has proprietary IP, Ethereum is open source with a very small userbase unlike WhatsApp. The two are completely un-analogous.

The interesting thing that confronts the ethereum ecosystem is that it is only supported by Hopium(tm) with no practical use cases where the ecosystem has a much higher level of inflation than bitcoin(Eth inflation relative to bitcoin soon to double as well) and has to support development by selling off premine directly unlike bitcoin.

The great hope that warms the cockles of young hopeful gamblers is the promise that inflation will eventually be brought down to a yet to be announced level of 1-5% once PoW is discarded. This presents a double edged sword as it removes any distinction from clones and allows more secure clones to sell script fuel(yet to find a use case) for much cheaper. It is no surprise that Ethereum Fans like Nick Szabo want Ethereum to keep PoW.

Either way this is an insurmountable dilemma that the ethereum community must face up to. Good luck.

[TinEye]

Bubble or not, it is now widely known and taken seriously in the crypto community, just see the number of Ethereum topics on the first page of this board. This is the sort of recognition which will help it in the long run.

It is here to stay. Even if it retraces 70% that is still a huge market.

[BitUsher]

Bubble or not, it is now widely known and taken seriously in the crypto community, just see the number of Ethereum topics on the first page of this board. This is the sort of recognition which will help it in the long run.

It is here to stay. Even if it retraces 70% that is still a huge market.

No doubt it is here to stay, just like 99% of all other alts like paycoin. It may bubble up again but in the long haul I expect it to slowly capitulate and remain one of many "turing complete" blockchains that is used for testing and some unique and yet to be determined limited scenarios. I wouldn't be surprised if this bubble is the highest anyone will ever see it.

Being Turing complete is somewhat of a marketing gimmick and not necessarily a "good thing" . Certainly not something you would ever treat as a currency , and extremely questionable if being used as a very inefficient script fuel will every have a place. The only thing i can perceive as a potential use case is cross atomic swaps but than again this can be done with cheaper more secure clones or sidechains secured by the btc blockchain , or other technologies like bitsquare.

One of the large warning signs is the amount of shill accounts pumping eth and the amount of spam occurring pumping eth indicating a contrived and formulated pump instead of natural growth.  

[sinner]

The press (all good) is non-stop for ETH and coming from many big sources (NYTimes).  I think the hype is what is worth a billion dollars.  How the heck did Facebook buy WhatApp for 2 billion dollars??  New technologies that get everyone excited seem to bubble up fast. 

People used WhatsApp.

[BitUsher]

The press (all good) is non-stop for ETH and coming from many big sources (NYTimes).  I think the hype is what is worth a billion dollars.  How the heck did Facebook buy WhatApp for 2 billion dollars??  New technologies that get everyone excited seem to bubble up fast. 

People used WhatsApp.

Exactly, unlike the circle jerk of a few Eth developers dreaming about the next DAPP which in reality won't solve any use cases -
What happens when someone actually tries to use these dapps-

https://www.youtube.com/watch?v=_90Y8mw_HVY

[Jordan23]

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?

You can't help but to laugh at these fanboys. KeepDoing? Lol

[Viscore]

The press (all good) is non-stop for ETH and coming from many big sources (NYTimes).  I think the hype is what is worth a billion dollars.  How the heck did Facebook buy WhatApp for 2 billion dollars??  New technologies that get everyone excited seem to bubble up fast. 

People used WhatsApp.

Exactly, unlike the circle jerk of a few Eth developers dreaming about the next DAPP which in reality won't solve any use cases -
What happens when someone actually tries to use these dapps-

https://www.youtube.com/watch?v=_90Y8mw_HVY

It will take some time for the DApps to appear and to be made perfect. We just need to be patient.

[RobinHoodster]

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

There is no way ETH can beat bitcoin. Remember this is bitcoin's playfield.
At best ETH can try to compete with ripple. That's the max.

[ProfessionalGoogler]

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

There is no way ETH can beat bitcoin. Remember this is bitcoin's playfield.
At best ETH can try to compete with ripple. That's the max.

Ripple was and is a joke, not even close buddy.

[InsideBjorn]

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

There is no way ETH can beat bitcoin. Remember this is bitcoin's playfield.
At best ETH can try to compete with ripple. That's the max.

Ripple was and is a joke, not even close buddy.

Ripple was a joke and ETH has some great potential. Same as Bitbay en stellar. But now the pump is over so it's time
to wait and see if the developers will deliver.

[parmatiya]

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

There is no way ETH can beat bitcoin. Remember this is bitcoin's playfield.
At best ETH can try to compete with ripple. That's the max.

Ripple was and is a joke, not even close buddy.

Ripple was a joke and ETH has some great potential. Same as Bitbay en stellar. But now the pump is over so it's time
to wait and see if the developers will deliver.

That is right. The price has risen almost 20 folds. The developers have delivered Homestead, we need more.

[DashCoinDark]

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

There is no way ETH can beat bitcoin. Remember this is bitcoin's playfield.
At best ETH can try to compete with ripple. That's the max.

Ripple was and is a joke, not even close buddy.

Ripple was a joke and ETH has some great potential. Same as Bitbay en stellar. But now the pump is over so it's time
to wait and see if the developers will deliver.

That is right. The price has risen almost 20 folds. The developers have delivered Homestead, we need more.

Right now this seems only a pump to me. I am a aware ethereum has some good technology behind it but the current price doesn't relfect it.
It is like your daily pump and dump coin.

[ProfessionalGoogler]

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

There is no way ETH can beat bitcoin. Remember this is bitcoin's playfield.
At best ETH can try to compete with ripple. That's the max.

Ripple was and is a joke, not even close buddy.

Ripple was a joke and ETH has some great potential. Same as Bitbay en stellar. But now the pump is over so it's time
to wait and see if the developers will deliver.

That is right. The price has risen almost 20 folds. The developers have delivered Homestead, we need more.

The developers are actually developing. 

[Botnake]

Ehtereum could be a big bubble. But it is being deflated at the moment. If there is good development, the price will rise again.

[Red-Apple]

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

There is no way ETH can beat bitcoin. Remember this is bitcoin's playfield.
At best ETH can try to compete with ripple. That's the max.

that is right.
a lot of other coins have come and gone and they were all had claims as big as ethereum and even bigger. just last year there was another coin just like this (i don't remember the name) but they were all like this is going to replace bitcoin and surely it is worth nothing today.

[razen489]

I too was on the camp that ETH was a obvious bubble
The price held up nicely https://www.coingecko.com/en/chart/ethereum/usd
im looking for a stabalization here, it can go anywhere from here. now that there is a selling pressure