Should Ethereum and DAO be bought now?

[Minecache]

It's the best buying opportunity of ETH that you will see for a long time. BTC on the other hand has pretty much peaked due to the Halvening. In summary buy ETH, wait to see on DAO, and ignore BTC as its now peaked.

[TrueCryptonaire]

I decided to enter also into Etherium family.
I have been dreaming for long to own some Etherium but now I saw the price came to more affordable levels so I lost my Etherium virginity.
I think Etherium has bright future and chances are the price will restart climbing and ETH rises stronger than ever before from this.

Disclaimer: I can be wrong also with this. It is sort of risky investment, but I am not "all in" so I am able to sleep my nights well.

The price could drop a bit further in the next few days when there are more legal argument about the validity of the "theft".

I still have some funds reserved for buying it, and no I am not going to be all in.

[Minecache]

Ethereum has had a MtGox level event and will either die or be perma bear market for months/years.  They've shown it's completely useless to have a low level scripting language for contracts.

Fault wasn't with Ethereum code you r0achtard. As you well know.

[BitUsher]

None of this should be surprising to those involved in Opsec and/or are developers

[Zer0Sum]

It is difficult to say. The DAO is at 0.60% of Ethereum price now. It is supposed to be 1%. So it is survives well, you should get 60%67% profit.

ftfy

+0.4/0.6 = +0.67

DAO is trading at 0.64 ETH right now. Here's a good analysis of likely outcomes:

https://steemit.com/ethereum/@hisnameisolllie/the-dao-is-finished-what-does-this-mean-for-the-price-of-ether

(1) Soft Fork + Hard Fork....................... DAO tokens will be redeemed at 1.0 ETH (56% return)

(2) Only Soft Fork, 30% of DAO Frozen.... DAO token redeemed at roughly 0.7 ETH (9% return)

(3) The Shit Show Continues, Authorities Get Involved, legal action, etc........ DAO tokens end up worthless 


So it's really a scalping vehicle for semi-automated traders that can do it on multiple exchanges...
The kind of crypto you can flip over and over for about 3%... and hope it doesn't tank.

One thing to keep in mind is that massive Ethereum conflicts of interest work in your favor...
The Top 50 accounts own 43% of the DAO... and these are not random people, but Ethereum Founders who want to be paid.

[shyliar]

Considering the DAO is not fixed and more ETH can still be stolen not a great investment.

[r0ach]

Ethereum has had a MtGox level event and will either die or be perma bear market for months/years.  They've shown it's completely useless to have a low level scripting language for contracts.

Fault wasn't with Ethereum code you r0achtard. As you well know.

It's a fault in both the way the DAO was written and the design of Ethereum language used for scripting.  This is on top of the fact that Ethereum was just an IPO scam in the first place designed to enrich the coin issuer, and it's impossible to actually make a decentralized network using a recursive, closed entropy system.  Ethereum is a scam plain and simple.  It is not a "decentralized" anything.  It's a flat out centralized scam.

[Minecache]

Ethereum has had a MtGox level event and will either die or be perma bear market for months/years.  They've shown it's completely useless to have a low level scripting language for contracts.

Fault wasn't with Ethereum code you r0achtard. As you well know.

It's a fault in both the way the DAO was written and the design of Ethereum language used for scripting.  This is on top of the fact that Ethereum was just an IPO scam in the first place designed to enrich the coin issuer, and it's impossible to actually make a decentralized network using a recursive, closed entropy system.  Ethereum is a scam plain and simple.  It is not a "decentralized" anything.  It's a flat out centralized scam.

Incorrect. The fault was DAO code. If it was ETH then where are the repeated spam attacks on the etherchain? Nowhere as you well know. Quit fudding. It's pathetic.

[r0ach]

Quit fudding.

You're the biggest Eth shill on this forum and you have a PONZI scheme in your signature.

[animalroam]

Currently ETH is probably not a good investment. If you're looking for something similar, take a look at LISK.

[Minecache]

Currently ETH is probably not a good investment. If you're looking for something similar, take a look at LISK.

LISK is a scam currently run by a couple of failed cold fusion devs. Sell at the earliest opportunity.

[shyliar]

Ethereum has had a MtGox level event and will either die or be perma bear market for months/years.  They've shown it's completely useless to have a low level scripting language for contracts.

Fault wasn't with Ethereum code you r0achtard. As you well know.

It's a fault in both the way the DAO was written and the design of Ethereum language used for scripting.  This is on top of the fact that Ethereum was just an IPO scam in the first place designed to enrich the coin issuer, and it's impossible to actually make a decentralized network using a recursive, closed entropy system.  Ethereum is a scam plain and simple.  It is not a "decentralized" anything.  It's a flat out centralized scam.

Incorrect. The fault was DAO code. If it was ETH then where are the repeated spam attacks on the etherchain? Nowhere as you well know. Quit fudding. It's pathetic.

I think he was referring to Ethereum as a platform rather than Ethereum the coin. The problem is the only reason for the coin to exist is to utilize in smart contracts written using the languages of the platform. Otherwise it's just one of many coins.

[angaper]

Anyway it still seems an expensive price taking into the account the vulnerability of that altcoins.
But like everything in life, you need to plan very well your investment decision, spending only the amount that you can afford to lose, prioritizing more secure assets like the Bitcoin itself.

[Spoetnik]

It's the best buying opportunity of ETH that you will see for a long time. BTC on the other hand has pretty much peaked due to the Halvening. In summary buy ETH, wait to see on DAO, and ignore BTC as its now peaked.

Congratulations:

That is now officially the stupidest comment ever posted here.

Your prize ? Embarrassment.

[aliashraf]

I am thinking that these are one of the lower prices we are seeing as a result of rush dump and there should be a price correction soon - specially for DAO which will most likely be hard forked and so we would get a lot of Ethereum.

Any other opinions?

Absolutely NO!
DAO is dead and recovery can do nothing about a dead body. Eth is in danger as well: Most of the optimism about Ethereum was about it being capable of supporting smart contracts in a flexible and unlimited way a feature that is proving to be more complicated than what a teenager can imagine it is a very strong weakening factor in long term and for the short term their rock star is busy messing with the core concept of a decentralized cryptocurrency: They are doing a hard fork to get their money back! Ethereum is done, forget about it.

[TrueCryptonaire]

After all, the ETH trolls might have been right and I made bad trade here. Looks like ETH will not recover (at least any time soon if ever).  

[coinyard]

 

After all, the ETH trolls might have been right and I made bad trade here. Looks like ETH will not recover (at least any time soon if ever).  

The price action is not encouraging at the moment. So it is better to wait and see. It depends on how the crisis is dealt with.

[LadyK]

eventually everything will come back to normal

[unusualfacts30]

ETH will most likely go up after BTC halving. don't purchase before that unless you want to kill your profit.

[GreenBits]

ETH will most likely go up after BTC halving. don't purchase before that unless you want to kill your profit.

Amen! Btc uptrends still tend the indicate alt downtrends. Until all this fork bullshit and the halving is done, you most likely aren't going to be buying the cheapest eth you could have. Basically, price is in the air til next month IMO.