Ether price?

[Minecache]

Bloomberg Article here: Blockchain Company Wants to Reinvent Companies :

http://www.bloomberg.com/view/articles/2016-05-17/blockchain-company-wants-to-reinvent-companies

The good news on ETH is getting out there. Gud times.

[Soul_eater_123]

CNBC: Automated company raises equivalent of $120M in digital currency

http://www.cnbc.com/2016/05/17/automated-company-raises-equivalent-of-120-million-in-digital-currency.html


Reuters UK: Virtual company may raise $200 million, largest in crowdfunding

http://uk.reuters.com/article/us-blockchain-crowdfunding-idUKKCN0Y82LI

[Soul_eater_123]

New Article in the Economist:

The DAO of accrue : http://www.economist.com/news/finance-and-economics/21699159-new-automated-investment-fund-has-attracted-stacks-digital-money-dao

[Reatim]

So more people are buying Ethereum to buy into the DAO? Will this DAO be better than conventional venture capital?

[razen489]

Feels like bitcoin circa year end 2013 
https://www.coingecko.com/en/price_charts/ethereum/usd

[jacobmayes94]

Should have bought some ETH while it was low, too risky now because the price could plummet again.

[BoldNinja]

Should have bought some ETH while it was low, too risky now because the price could plummet again.

Yeah currently it could go either way , but that's at all points so sometimes you just gotta decide.

[Soul_eater_123]

OK so there was an article relating to Ether being added to Coinbase which we already knew.  There will also be a rebrand to GDAX.  The most interesting part though talks about the DAO:



Article Link: http://www.coindesk.com/coinbase-exchange-rebrand-ethereum-trading/

[Soul_eater_123]

Well Ether seems to be continuing to pump since yesterday.  Is this just on the basis of the OKCoin/Coinbase news?  The DAO has slowed down and likely will stay slow until the usual mad rush that occurs at the end of an ICO but right now it can't be responsible.

[Nxtblg]

Well Ether seems to be continuing to pump since yesterday.  Is this just on the basis of the OKCoin/Coinbase news?  The DAO has slowed down and likely will stay slow until the usual mad rush that occurs at the end of an ICO but right now it can't be responsible.

It could be that news, or it could be the DAO-inspired pump taking on a life of its own. Or it could be Bitcoin's drop to <$440: there seems to be a rule that Bitcoin and alts move inversely.

Whatever the reason, ETH's stalled; it's back to $13.xx.

[Soul_eater_123]

New article of relevance to both Ether and DAO:
 
Forbes: Digital Currencies Show Potential To Be New Asset Class As Demand For Bitcoin Rival Ethereum Rises

http://www.forbes.com/sites/laurashin/2016/05/20/digital-currencies-show-potential-to-be-new-asset-class-as-demand-for-bitcoin-rival-ethereum-rises/#6b32a6876841

[jjacob]

Well Ether seems to be continuing to pump since yesterday.  Is this just on the basis of the OKCoin/Coinbase news?  The DAO has slowed down and likely will stay slow until the usual mad rush that occurs at the end of an ICO but right now it can't be responsible.

There has been a real bull run now. Everything can't be rationally explained.
I have learnt to just enjoy the ride while it lasts. 

[Yussian]

Well Ether seems to be continuing to pump since yesterday.  Is this just on the basis of the OKCoin/Coinbase news?  The DAO has slowed down and likely will stay slow until the usual mad rush that occurs at the end of an ICO but right now it can't be responsible.

There has been a real bull run now. Everything can't be rationally explained.
I have learnt to just enjoy the ride while it lasts. 

How long do you think it will last? The price is not rising fast now, it is in the consolidation stage at the moment.

[Soul_eater_123]

Well Ether seems to be continuing to pump since yesterday.  Is this just on the basis of the OKCoin/Coinbase news?  The DAO has slowed down and likely will stay slow until the usual mad rush that occurs at the end of an ICO but right now it can't be responsible.

There has been a real bull run now. Everything can't be rationally explained.
I have learnt to just enjoy the ride while it lasts. 

How long do you think it will last? The price is not rising fast now, it is in the consolidation stage at the moment.

I think the general trend will be upward due to the proliferation of projects that are using ether.  Obviously it won't go straight up.  There will be fluctuations, small dips, small rises, static periods.  Nothing just goes straight ups.  Also the dips allow people to buy in at a lower price.

[GreenBits]

Well Ether seems to be continuing to pump since yesterday.  Is this just on the basis of the OKCoin/Coinbase news?  The DAO has slowed down and likely will stay slow until the usual mad rush that occurs at the end of an ICO but right now it can't be responsible.

There has been a real bull run now. Everything can't be rationally explained.
I have learnt to just enjoy the ride while it lasts. 

How long do you think it will last? The price is not rising fast now, it is in the consolidation stage at the moment.

I think the general trend will be upward due to the proliferation of projects that are using ether.  Obviously it won't go straight up.  There will be fluctuations, small dips, small rises, static periods.  Nothing just goes straight ups.  Also the dips allow people to buy in at a lower price.

.


 I'm waiting for it to have a grand mal, after people hasten to get their piece of the .03 and beyond pie. It keeps retracing, but as long as this Slock.it DAO thing is still kicking, I guess a  general uptrend is to be expected.

[shyliar]

Good portion of ETH is locked yes,but there are still 13 days for buyers to get DAO so don't expect this fundraising to be over yet,the avalanche is yet to come,during DAO final days price should be over 20$ with ease due to lower supply available and the first undecided buyers....

For the DAO to fund any projects the ether they took in needs to be converted to fiat. I read somewhere that one of the projects they were considering supporting was a car sharing business in France. You can't buy vehicles with ether and even if you could it would be instantly exchanged for fiat.

Basically the DAO has been used to drive up the price  of ether and as they spend those ether to support projects it will drive the price back down. Once the ball starts rolling people holding ether will sell as well.

The idea that the DAO ether are locked off the market is incorrect. Those ether must be sold to make investments. If the DAO does not sell it's ether to invest, the DAO will have failed as an investment method. The only locked funds are those of the individual investors who currently can't get out.

[Soul_eater_123]

For the DAO to fund any projects the ether they took in needs to be converted to fiat. I read somewhere that one of the projects they were considering supporting was a car sharing business in France. You can't buy vehicles with ether and even if you could it would be instantly exchanged for fiat.

Basically the DAO has been used to drive up the price  of ether and as they spend those ether to support projects it will drive the price back down. Once the ball starts rolling people holding ether will sell as well.

The idea that the DAO ether are locked off the market is incorrect. Those ether must be sold to make investments. If the DAO does not sell it's ether to invest, the DAO will have failed as an investment method. The only locked funds are those of the individual investors who currently can't get out.

That's not entirely correct some ether will be turned into fiat but a lot of projects will actually be using more ether.  Slock.it for example will take payments in ether and part of that ether will be going straight back to the DAO.  Most of the early projects will likely have to be like this (due to the undetermined legal status of the DAO). 

There is strong support for early projects to be those that grow the ethereum ecosystem for the mutual benefit of ether and DAO users (e.g. ether apps, exchanges like etherex etc.).  This will potentially lead to progressively more and more utility for ether resulting in greater and greater buy support.  It probably won't happen over night but as time goes on and ethereum use cases continue to increase then there will be continued upward pressure on price for ether. 

There is no guarantee but these things are always risky.  It was the same in the early days of bitcoin.  Nobody ever thought there would be enough buyers to support a price of a dollar, let alone hundreds of dollars. 

The momentum behind ether is now getting to the same kind of stage it was in about 2012/13 with Bitcoin so there is very big potential for growth there.

[Casmatesid]

For the DAO to fund any projects the ether they took in needs to be converted to fiat. I read somewhere that one of the projects they were considering supporting was a car sharing business in France. You can't buy vehicles with ether and even if you could it would be instantly exchanged for fiat.

Basically the DAO has been used to drive up the price  of ether and as they spend those ether to support projects it will drive the price back down. Once the ball starts rolling people holding ether will sell as well.

The idea that the DAO ether are locked off the market is incorrect. Those ether must be sold to make investments. If the DAO does not sell it's ether to invest, the DAO will have failed as an investment method. The only locked funds are those of the individual investors who currently can't get out.

That's not entirely correct some ether will be turned into fiat but a lot of projects will actually be using more ether.  Slock.it for example will take payments in ether and part of that ether will be going straight back to the DAO.  Most of the early projects will likely have to be like this (due to the undetermined legal status of the DAO). 

There is strong support for early projects to be those that grow the ethereum ecosystem for the mutual benefit of ether and DAO users (e.g. ether apps, exchanges like etherex etc.).  This will potentially lead to progressively more and more utility for ether resulting in greater and greater buy support.  It probably won't happen over night but as time goes on and ethereum use cases continue to increase then there will be continued upward pressure on price for ether. 

There is no guarantee but these things are always risky.  It was the same in the early days of bitcoin.  Nobody ever thought there would be enough buyers to support a price of a dollar, let alone hundreds of dollars. 

The momentum behind ether is now getting to the same kind of stage it was in about 2012/13 with Bitcoin so there is very big potential for growth there.

If the Ethereum is used as a fuel for the smart contract system as well as a currency to pay for service, it is valuable.

[Soul_eater_123]

If the Ethereum is used as a fuel for the smart contract system as well as a currency to pay for service, it is valuable.

Yes exactly.  The more uses it has and the more it gets used then the more valuable it will be.

[Its About Sharing]

For the DAO to fund any projects the ether they took in needs to be converted to fiat. I read somewhere that one of the projects they were considering supporting was a car sharing business in France. You can't buy vehicles with ether and even if you could it would be instantly exchanged for fiat.

Basically the DAO has been used to drive up the price  of ether and as they spend those ether to support projects it will drive the price back down. Once the ball starts rolling people holding ether will sell as well.

The idea that the DAO ether are locked off the market is incorrect. Those ether must be sold to make investments. If the DAO does not sell it's ether to invest, the DAO will have failed as an investment method. The only locked funds are those of the individual investors who currently can't get out.

That's not entirely correct some ether will be turned into fiat but a lot of projects will actually be using more ether.  Slock.it for example will take payments in ether and part of that ether will be going straight back to the DAO.  Most of the early projects will likely have to be like this (due to the undetermined legal status of the DAO). 

There is strong support for early projects to be those that grow the ethereum ecosystem for the mutual benefit of ether and DAO users (e.g. ether apps, exchanges like etherex etc.).  This will potentially lead to progressively more and more utility for ether resulting in greater and greater buy support.  It probably won't happen over night but as time goes on and ethereum use cases continue to increase then there will be continued upward pressure on price for ether. 

There is no guarantee but these things are always risky.  It was the same in the early days of bitcoin.  Nobody ever thought there would be enough buyers to support a price of a dollar, let alone hundreds of dollars. 

The momentum behind ether is now getting to the same kind of stage it was in about 2012/13 with Bitcoin so there is very big potential for growth there.

Well said. And it is in going from Crypto to product and staying in Crypto.
Good money pushing out bad.