Girl Gone Crypto - Cryntro

[Lauda]

This video came across my attention and seems to be decent enough for sharing: https://www.youtube.com/watch?v=fUVTb8-i93s
This video both mentions Bitcoin & alts, more specifically the current nonsensical altcoin bubble that we are in. If you're around here, show yourself. There are lessons to be learned and Reddit is most certainly one of the worst ways of learning from.

"It went from 12 to 60 dollars. That's why I love it, that's why I believe in it, that's why I tell all my friends about it. If you want to make money invest in Ethereum"

A classic example of what one hears about [insertAnyAltcoin]. In the case of ETH, this is the only reason for touching it (remember when it was about the DAO & dapps, now it's provably fair gambling, et. al.?). Most of the alts are both trying to create problems and offer solutions for them.

[ImHash]

You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.
Moreover one needs to ask some constructive questions from oneself,

Do I know this is a bubble formed by firstly whales and secondly the community (community with buy power starting from $10 up to $10,000 and above that considers whales which in turn they have their sizes) and there is actually no use cases for such an altcoin in the real world?

Am I willing to participate in such ponzi/ pyramid shape market while everyone knows what happens in the end?

What could ETH do when price was under $7 and what it can do now that price is 10 folds?

[anonymoustroll420]

You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.

Thats called a speculative bubble what will happen when people start trying to take their profits out?

[Lauda]

You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.

Thats called a speculative bubble

Of course I should call them out. People who are investing in [X] or promoting [X] solely or primarily because it has made them money are greedy idiots. They don't care about any fundamentals that crypto was built upon.

Do I know this is a bubble formed by firstly whales and secondly the community (community with buy power starting from $10 up to $10,000 and above that considers whales which in turn they have their sizes) and there is actually no use cases for such an altcoin in the real world?

The market capitulation of altcoin is in a crazy bubble.

What could ETH do when price was under $7 and what it can do now that price is 10 folds?

Nothing.

what will happen when people start trying to take their profits out?

Imagine the panic triggered if the SEC suddenly were to approve the appeal (the reason for rejection is nonsensical is anyways). Altcoins would plummet into an abyss as people run to save their wealth.

[paul gatt]

You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.

Thats called a speculative bubble

Of course I should call them out. People who are investing in [X] or promoting [X] solely or primarily because it has made them money are greedy idiots. They don't care about any fundamentals that crypto was built upon.

I think I understand what you say. And that is really what is happening in my country. They call all the things that involve virtual money is MMO. And there, the stupid guys lead it all. They do not know crypto, they only know it is virtual currency, and they can make money from it and ignore all rules. When I was a newbie, I was hearing them introduce a lot about HYIP sites. Stupid people, they choose to invest in HYIP to get lost instead of learning the crypto information for trade. I feel lucky that I am no longer one of them.

[mining1]

What could ETH do when price was under $7 and what it can do now that price is 10 folds?

Nothing.

The same can be said about bitcoin. Except ethereum is used on a big scale by corporations, institutions, and random users with dapps/ contracts.

Lauda is scared because he got late into the btc game and it's future is uncertain. If altcoin would suddenly dissapear, then bitcoin would be the only choice so even if it's unusable people would still use it.

[Lauda]

The same can be said about bitcoin.

This is an outright lie. A single news article briefly goes over (non technological) news: http://www.cnbc.com/2017/04/12/bitcoin-price-rises-japan-russia-regulation.html

Except ethereum is used on a big scale by corporations, institutions, and random users with dapps/ contracts.

1) I've already said that it's used by banks and corporations. Centralized coins is what they need.
2) Dapps have been proven to have no real use-cases so far. They are also a scam because "code is not law". They are centralized with Vitalik being the high-king.
3) Due to the second, almost no rational person would use ETH in their day-to-day trading. If they wanted a short-term faster means of transfer than Bitcoin, then LTC or DASH (even though this is a MLM scam) are their answers.

Lauda is scared because he got late into the btc game and it's future is uncertain.

1) Ad hominem because I destroyed each one of your failed arguments.
2) You have no idea when I got here, and it is most certainly before you even heard the word 'cryptocurrency'.
3) The only uncertainty is how much people are being paid to shill centralized trash like ETH.

If altcoin would suddenly dissapear, then bitcoin would be the only choice so even if it's unusable people would still use it.

BTC as a store of wealth, LTC as a means of faster payment, and XMR for anonymity. The rest are useless so far.

[Hazir]

Classic newbie approach. This girl said that Bitcoin is too expensive for her and therefore, instead fracture of BTC she would rather buy dozen ETH tokens.
Because it is 'more fun' to own dozen ETH than not even 1 full BTC, this is completely flawed logic for me.

It is true that point of entry is much higher in case of BTC, but it is because Bitcoin is the best asset you can buy.

People lack ability to predict the future, connect facts and draw conclusions. BTC is currently still CHEAP.

Price target in 2020; after block halving: USD $5k-$11k https://bitcointalk.org/index.php?topic=1894630.msg18811402#msg18811402

[freebutcaged]

She's a hot Cuban girl, touching herself a lot as if she's on something, no I'm sure she's on something, some dude even suggested to her to show her boobs on camera for Bitcoin in vkcams or whatever and almost all of the replies were driven because of her gender and looks.
I assure you %100 everyone now investing on Ethereum or other frenzy pumped state alts are fully aware of what they're doing, they know they are somehow stealing from the ones getting dumped on hard at the end of the run when people start cashing out their profits.

If altcoin would suddenly dissapear, then bitcoin would be the only choice so even if it's unusable people would still use it.

BTC as a store of wealth, LTC as a means of faster payment, and XMR for anonymity. The rest are useless so far.

Why on earth going and using another coins entirely? when we can implement LN, second layers and segwit why using LTC?
When we can stay strong and grow every day like Bitcoin and being able to use a mixer for anonymity why use a sub $30 XMR without any certainty whether price will crash or not? but Bitcoin is mature enough and has the greatest community support. Metal is metal for most people right? gold-silver-mercury-iron yet the difference is astronomical.

[mining1]

Except ethereum is used on a big scale by corporations, institutions, and random users with dapps/ contracts.

1) I've already said that it's used by banks and corporations. Centralized coins is what they need.
2) Dapps have been proven to have no real use-cases so far. They are also a scam because "code is not law". They are centralized with Vitalik being the high-king.
3) Due to the second, almost no rational person would use ETH in their day-to-day trading. If they wanted a short-term faster means of transfer than Bitcoin, then LTC or DASH (even though this is a MLM scam) are their answers.

1. You're not smart at all. It is an open source decentralized platform that can be used by anyone. Saying it shouldn't be used by X or Y because of your religion is stupidity centralized. I thought BTC shitheads were about decentralization, no ?
2. Dapps no use case ? Tell them that

https://www.google.ro/search?q=germany+ethereum&oq=germany+ethereum&aqs=chrome..69i57j0j69i60.4381j0j4&sourceid=chrome&ie=UTF-8

https://btcmanager.com/googles-ethereum-based-digital-book-cryptography-proves-ownership/

http://media.coindesk.com/uploads/2017/04/united-nations-ethereum.jpeg

http://innovation.wfp.org/project/building-blocks

https://www.cryptocoinsnews.com/coinbase-launches-ethereum-based-wechat-competitor/

https://twitter.com/boschglobal/status/842378912017616897 
Eth to fight odometer fraud. This is a huge problem with used cars.

Also there are hundreds more examples and also  dapps created by small groups of developers who wouldn't otherwise have the chance to start projects without ICO. Like Golem ( renting computing power ), akasha ( decentralized social network ), augur ( prediction market ), and the examples keep going.

You idiots keep talking about decentralization, open source, but then you panic when a competitor does a better job than your investment. Open decentralized market, or you don't want that anymore ?

[mining1]

People, wake up. These decentralized open source projects that aren't even owned by private companies, but by everyone involved in the ecosystem, are for  everyone. That's why you ran to bitcoin in the first place, because there was no authority telling you what to do or how to do it.

Problem is now some people forgot that and are trying to do what authorities did, control, telling what and how should be done, etc. Like this specimen, lauda.
You don't like open source decentralized projects not owned by private companies anymore ? Then good bye.

[Lauda]

1. You're not smart at all. It is an open source decentralized platform that can be used by anyone. Saying it shouldn't be used by X or Y because of your religion is stupidity centralized. I thought BTC shitheads were about decentralization, no ?

It's "open", but it ain't decentralized. ETH is actually the altcoin that diverted from the original coin due to a forced bail out. ETC is the real ETH. Therefore, the current ETH is not decentralized. It solely relies on DTV, a.k.a. Distance-to-Vitalik for bail-outs.

2. Dapps no use case ? Tell them that

Do you even understand what a Dapp is? A company using blockchain technology or a specific blockchain for something != dapp.

You idiots keep talking about decentralization, open source, but then you panic when a competitor does a better job than your investment. Open decentralized market, or you don't want that anymore ?

ETH is a centralized coin that is basically FED 2.0 ("Too big to fall."). Until you can admit this, it is pointless to even talk to shills like you.

People, wake up. These decentralized open source projects that aren't even owned by private companies, but by everyone involved in the ecosystem, are for  everyone.

Reality check: Almost everything on ETH is owned by private companies.

[Iranus]

She doesn't seem to get it.  If your only aim is quick profits you're looking at everything so wrong, and she'll be one of those newbies who loses shitloads of money because she puts in too much money later (it'd be her fault for not thinking before going mental).

She even says that Coinbase is the best wallet, but says that the "fees are really high" so clearly she doesn't even get how Bitcoin transaction fees work, what an online wallet is or really what the point of cryptocurrencies is at all.

Oh well.  People aren't stupid.  She'll learn with time and experience.  Some people have to learn the hard way.

[mining1]

@lauda oh well there is no point debating with you. I'll let you do what you do best, and i highly suggest you to get a knee support.

[European Central Bank]

She doesn't seem to get it.  If your only aim is quick profits you're looking at everything so wrong, and she'll be one of those newbies who loses shitloads of money because she puts in too much money later (it'd be her fault for not thinking before going mental).

the pop is approaching. stuff like this is such a classic sign that i feel sorry for anyone who refuses to acknowledge it. actually, i don't at all.

[Lauda]

Classic newbie approach. This girl said that Bitcoin is too expensive for her and therefore, instead fracture of BTC she would rather buy dozen ETH tokens.
Because it is 'more fun' to own dozen ETH than not even 1 full BTC, this is completely flawed logic for me.

Of course it's completely nonsensical logic. If it's more fun to own bigger numbers, then buy DOGE or something.

It is true that point of entry is much higher in case of BTC, but it is because Bitcoin is the best asset you can buy.

Bitcoin has proven its immutability, whilst others have destroyed it (see ETH & DAO bailout).

She's a hot Cuban girl, touching herself a lot as if she's on something, no I'm sure she's on something, some dude even suggested to her to show her boobs on camera for Bitcoin in vkcams or whatever and almost all of the replies were driven because of her gender and looks.

Those replies are sexist and made by uneducated baboons.

I assure you %100 everyone now investing on Ethereum or other frenzy pumped state alts are fully aware of what they're doing, they know they are somehow stealing from the ones getting dumped on hard at the end of the run when people start cashing out their profits.

The reason for which I'm calling her out is that I want her to learn, as she has been fed a lot of nonsense. I most certainly do not have snapchat or youtube accounts in order to contact her.

Why on earth going and using another coins entirely? when we can implement LN, second layers and segwit why using LTC?

That's the thing: Nobody is using them besides speculation. Bitcoins orchestrated stalemate is delaying Segwit and things that follow with it. However, that's where LTC will come in. The reason for using another currency like LTC for speed is that the current demand for BTC block space outweighs the supply.

Oh well.  People aren't stupid.  She'll learn with time and experience.  Some people have to learn the hard way.

That's why I wanted her to respond if she's using Bitcointalk.

@lauda oh well there is no point debating with you. I'll let you do what you do best, and i highly suggest you to get a knee support.

Go read CS 101, shill.

the pop is approaching. stuff like this is such a classic sign that i feel sorry for anyone who refuses to acknowledge it. actually, i don't at all.

All it takes is a single person who bought ETH during the IPO to unload. It's similar in almost all the IPOs though. A 5x increase in total market cap within 2 months is most definitely a bubble (in comparison, Bitcoin has been hold above $1000 for months).

[Red-Apple]

https://btcmanager.com/googles-ethereum-based-digital-book-cryptography-proves-ownership/

it is funny how your advertising team operates sometimes. they pay all these shills to spread all kind of weird "news" and if you google one of them you can see the timing is perfect, there is the same script on all the crypto related sites at the same time!

i've already researched one of your lies and came up with this:
https://bitcointalk.org/index.php?topic=1888604.msg18770265#msg18770265
from what i could find, the creator of this book Tea Uglow never even mentions neither "ethereum" nor "smart contracts" or anything that is remotely related to them. and instead she mentions "bitcoin" and the technology "bitcoin" introduced.

my time is precious otherwise i would have gone through all the rest of the news and picked out all the rest of the lies too.

[lurker10]

This video came across my attention and seems to be decent enough for sharing: https://www.youtube.com/watch?v=fUVTb8-i93s
This video both mentions Bitcoin & alts, more specifically the current nonsensical altcoin bubble that we are in. If you're around here, show yourself. There are lessons to be learned and Reddit is most certainly one of the worst ways of learning from.

"It went from 12 to 60 dollars. That's why I love it, that's why I believe in it, that's why I tell all my friends about it. If you want to make money invest in Ethereum"

A classic example of what one hears about [insertAnyAltcoin]. In the case of ETH, this is the only reason for touching it (remember when it was about the DAO & dapps, now it's provably fair gambling, et. al.?). Most of the alts are both trying to create problems and offer solutions for them.

Bitcoin maximalists are running scared, so funny.

[Marma Kalari]

Imagine the panic triggered if the SEC suddenly were to approve the appeal (the reason for rejection is nonsensical is anyways). Altcoins would plummet into an abyss as people run to save their wealth.

I do accept the fact that the reason for rejection was nonsensical but why would the investors panic when SEC suddenly accepts the ETF for bitcoin,yes people could sell off their alts and enter bitcoin but that does not mean that we would see a massive crash in all the major coins and if they are meant to be doomed like that then it has no fundamentals what so ever and all the investors are just farce.

[European Central Bank]

Bitcoin maximalists are running scared, so funny.

stuff like this deserves to be called out if it was regarding bitcoin too. after 2014/15 i think everyone here is hyper attuned to potential bear market horror again.

alts have had a pretty smooth run upwards with no lengthy troughs. maybe they won't but all this is ringing so many classic alarm bells it's almost too obvious.

and considering how screwed and obtuse certain bitcoin exchanges are, i'm not super confident in bitcoin's price either.

[lurker10]

Bitcoin maximalists are running scared, so funny.

stuff like this deserves to be called out if it was regarding bitcoin too. after 2014/15 i think everyone here is hyper attuned to potential bear market horror again.

alts have had a pretty smooth run upwards with no lengthy troughs. maybe they won't but all this is ringing so many classic alarm bells it's almost too obvious.

World changing technologies all together priced at 15 billion dollars, which is a valuation of one big (not the biggest) corporation, is ringing alarm bells?

[European Central Bank]

World changing technologies all together priced at 15 billion dollars, which is a valuation of one big (not the biggest) corporation, is ringing alarm bells?

when the non bitcoin portion goes up several hundred per cent in a month or two, yep. and when the bitcoin price rises when certain exchanges are in turmoil. it's never been easy to tell what bitfinex is doing, even less so now.

barely no one is using bitcoin still, let alone anything else.

[anonymoustroll420]

BTC as a store of wealth, LTC as a means of faster payment, and XMR for anonymity. The rest are useless so far.

Even though litecoin has a smaller block time, the security of each block is less than Bitcoin. You would still need to wait 10 minutes to get a similar level of security to a 1 confirmation Bitcoin transaction, then it would take 10 minutes of work to undo the transaction.

XMR cannot scale well at all. Transactions are 10x the size of Bitcoin's, and currently XMR nodes use around 1.5TB bandwidth/mo with default settings. This problem is so bad and has a huge centralizing effect that XMR devs want to introduce sharding to deal with it. In any case coinjoin and confidential transactions both bring privacy similar to BTC. Joinmarket will be awesome when it matures more.

If only we had a malleability fix for Bitcoin. Then we'd have LN - instant transactions, low fees, better privacy, scalable smartcontracts, and cross-blockchain payments. Bitcoin would be supreme, there would be little reason for any other altcoin to exist.

[cellard]

You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.

Thats called a speculative bubble

Of course I should call them out. People who are investing in [X] or promoting [X] solely or primarily because it has made them money are greedy idiots. They don't care about any fundamentals that crypto was built upon.

Do I know this is a bubble formed by firstly whales and secondly the community (community with buy power starting from $10 up to $10,000 and above that considers whales which in turn they have their sizes) and there is actually no use cases for such an altcoin in the real world?

The market capitulation of altcoin is in a crazy bubble.

What could ETH do when price was under $7 and what it can do now that price is 10 folds?

Nothing.

what will happen when people start trying to take their profits out?

Imagine the panic triggered if the SEC suddenly were to approve the appeal (the reason for rejection is nonsensical is anyways). Altcoins would plummet into an abyss as people run to save their wealth.

I hope im wrong, but I think the current bubble is mostly triggered by the SEC re-considering the ETF, and I think they didn't re-consider it themselves, this is just the Winklevoss being insistent. Nothing has changed so the ETF will fall again which means the price will probably crash then recover finding a new floor. As this happens, some alts will fly, possibly LTC, and maybe ETH goes even higher.

People just love to speculate and to make money without working, this is why I think altcoins will never disappear, people love the crypto casino. Making a great trade feels too good.

[European Central Bank]

I hope im wrong, but I think the current bubble is mostly triggered by the SEC re-considering the ETF, and I think they didn't re-consider it themselves, this is just the Winklevoss being insistent. Nothing has changed so the ETF will fall again which means the price will probably crash then recover finding a new floor. As this happens, some alts will fly, possibly LTC, and maybe ETH goes even higher.

i really can't believe professional traders would be stupid enough to fall for that hopium. then again maybe the small fry are and the traders are feeding off them.

i think it's more like the US marshal auctions. it can only have that market effect once.

[lurker10]

World changing technologies all together priced at 15 billion dollars, which is a valuation of one big (not the biggest) corporation, is ringing alarm bells?

when the non bitcoin portion goes up several hundred per cent in a month or two, yep.

barely no one is using bitcoin still, let alone anything else.

15 billion doesn't mean that much real dollars is invested. It doesn't take a lot of effort to move small caps hundreds of per cent. I believe we'll see more significant moves over the next few months before this rally is out of steam, which is going to make a few more Bitcoin maximalists sad and cry.

[Denker]

You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.

Thats called a speculative bubble

Of course I should call them out. People who are investing in [X] or promoting [X] solely or primarily because it has made them money are greedy idiots. They don't care about any fundamentals that crypto was built upon.

Do I know this is a bubble formed by firstly whales and secondly the community (community with buy power starting from $10 up to $10,000 and above that considers whales which in turn they have their sizes) and there is actually no use cases for such an altcoin in the real world?

The market capitulation of altcoin is in a crazy bubble.

What could ETH do when price was under $7 and what it can do now that price is 10 folds?

Nothing.

what will happen when people start trying to take their profits out?

Imagine the panic triggered if the SEC suddenly were to approve the appeal (the reason for rejection is nonsensical is anyways). Altcoins would plummet into an abyss as people run to save their wealth.

I hope im wrong, but I think the current bubble is mostly triggered by the SEC re-considering the ETF, and I think they didn't re-consider it themselves, this is just the Winklevoss being insistent. Nothing has changed so the ETF will fall again which means the price will probably crash then recover finding a new floor. As this happens, some alts will fly, possibly LTC, and maybe ETH goes even higher.

People just love to speculate and to make money without working, this is why I think altcoins will never disappear, people love the crypto casino. Making a great trade feels too good.

What bubble are you talking about? Bitcoin is far away from being in a bubble! It's rise because of demand, because people need to buy BTC to get some alts, and people who shift some of their profits from alts back into BTC.
I can't see any relation to the ETF review here. Not yet!

[Red-Apple]

potential bear market horror again.

what you call a bear market had a reason called Gox and willi-bot. and only because it happened once doesn't mean there is a potential for its repetition.

alts have had a pretty smooth run upwards with no lengthy troughs.

...for a short time, again, like previous times when there was pumping going on.
price of an altcoin going up and staying up because you have enough money to put up one buy wall which is 6500BTC big doesn't mean that altcoin has a healthy price.

and considering how screwed and obtuse certain bitcoin exchanges are, i'm not super confident in bitcoin's price either.

the same is true about altcoin exchanges and even worse. we have one big altcoin exchange and the rest report mostly fake volume only to stay relevant and not lose so many customers.
right now poloniex is the equivalant of 2012 GOX for altcoins as far as market dominance goes.

[Xester]

World changing technologies all together priced at 15 billion dollars, which is a valuation of one big (not the biggest) corporation, is ringing alarm bells?

when the non bitcoin portion goes up several hundred per cent in a month or two, yep. and when the bitcoin price rises when certain exchanges are in turmoil. it's never been easy to tell what bitfinex is doing, even less so now.

barely no one is using bitcoin still, let alone anything else.

If bitcoins value is increasing and even bitfinex will close down it is still okay since bitcoin can survive without bitfinex. The bitcoin market is going strong and it will climb and overcome all challenges that the network is experiencing. So to say that no one barely is using bitcoin is a false concept. Just look at Japan as an example you will be surprised as how their country accepts and adopts the use of bitcoin as a form of payment.

[Kprawn]

The moment you see banks showing a interest in some Alt coins, then you should avoid it like a plague. I bought some Ripple in the beginning,

until they aggressively started promoting it by pushing people to link their social media "to get some free coins" and then I realized why it was a

bad idea. The funny thing is when these Alt coins will come down hard and the shills and trolls start crawling back into the Ass cracks they came

from. 

[Chris!]

Of course I should call them out. People who are investing in [X] or promoting [X] solely or primarily because it has made them money are greedy idiots. They don't care about any fundamentals that crypto was built upon.

I keep getting emails from certain blogs about bitcoins that keep saying how much they love Ethereum. That's wonderful. I don't. That's why I was added to a mailing list for a blog about bitcoins. If you are deviating to only talking about alts then I'm really not interested. Some have potential but I'm not invested in any of them. I do a little altcoin trading here and there to take advantage of wild swings but I would never hold 95% of alts. Ethereum is one of them. I don't agree with any of the fundamentals of Ethereum. Saying it's great because you've earned a lot doesn't mean it's going to be useful in the future (or now).

A lot of banks are in on Ripple. Again, another alt I'll never touch. I don't want a centralized currency, that's why I went with bitcoins. Why wouldn't I just use fiat and I wanted someone to be in complete control of my money?


*pop*

[European Central Bank]

https://www.reddit.com/r/ethtrader/comments/68ke0l/eth_daily_discussion_01may2017/dgzdfio/

buying eth with a credit card loan. does that remind you of a certain time in bitcoin's history? and many people remember what happened afterwards.

[Sniper44]

The moment you see banks showing a interest in some Alt coins, then you should avoid it like a plague. I bought some Ripple in the beginning,

until they aggressively started promoting it by pushing people to link their social media "to get some free coins" and then I realized why it was a

bad idea. The funny thing is when these Alt coins will come down hard and the shills and trolls start crawling back into the Ass cracks they came

from. 

as a cryptocurrency and as a project in blockchain technology field you are 100% correct. but these coins are not coins they are short term investments. the advertisement calls them as real things because that is how you get people to invest their money in it, if you say we are just pump and dumping it nobody would come near them.

but people need to understand the game. pull the curtains aside and see behind them. then when you saw past all the deceit you can make a lot of money and laugh at the pumpers whom you dumped on not the other way around.

[Weatherby]

i really can't believe professional traders would be stupid enough to fall for that hopium. then again maybe the small fry are and the traders are feeding off them.
i think it's more like the US marshal auctions. it can only have that market effect once.

Do you really think that the market is not moving according to favorable sentiments rather than substance.There is are no professional traders here ,the market always swings according to the good mood it creates because of the positive news else where and it reacts badly with the negative news and it wont change soon.It all happens when some techies holds a large amount of coins worth millions .

[lurker10]

https://www.reddit.com/r/ethtrader/comments/68ke0l/eth_daily_discussion_01may2017/dgzdfio/

buying eth with a credit card loan. does that remind you of a certain time in bitcoin's history? and many people remember what happened afterwards.

Taking a loan to speculate is insanity, credit cards are for emergencies, that's my POV.
This doesn't imply that they can't get it right one time and make a profit because the crypto bull market is progressing.
There is a very good reason bull markets are called climbing a wall of worry, you're worried this is a bubble and you're hesitant to buy into it, these are emotions of any bull market. Since we are in uncharted waters with these world changing technologies, we don't know where this is going to end. Thanks for the warning but people are going to do what they always do, including taking loans to gamble.

[Lauda]

Do you really think that the market is not moving according to favorable sentiments rather than substance.There is are no professional traders here ,the market always swings according to the good mood it creates because of the positive news else where and it reacts badly with the negative news and it wont change soon.It all happens when some techies holds a large amount of coins worth millions .

The market around Bitcoin and especially around altcoins is not regulated enough. Whilst some will argue about the benefits of this, it is clear that it also comes with certain negatives. One of which is stability (as I'd expect more of it were there more "professional traders" in the game).

Taking a loan to speculate is insanity, credit cards are for emergencies, that's my POV.

Investing with loans into something that is known to be far volatile than traditional currencies is something that only an idiot can do. This is also a perfect example of the real reasons behind the price rise in the altcoins, i.e. pure speculation. In this example, that person did not buy [X] altcoin because he believes in any or it (or cares about the initial idea behind cryptocurrency). He bought solely because he thinks/hopes that the price will increase.

I keep getting emails from certain blogs about bitcoins that keep saying how much they love Ethereum.

You can't be in Bitcoin for the right reasons and love ETH at the same time. They are mutually exclusive (one is decentralized, the other is a centralized bail-out coin). ETH pump campaigns have been going on for a while in the Bitcoin subreddits (i.e. SPAM being sent to a lot of users).

[Juggy777]

This video came across my attention and seems to be decent enough for sharing: https://www.youtube.com/watch?v=fUVTb8-i93s
This video both mentions Bitcoin & alts, more specifically the current nonsensical altcoin bubble that we are in. If you're around here, show yourself. There are lessons to be learned and Reddit is most certainly one of the worst ways of learning from.

"It went from 12 to 60 dollars. That's why I love it, that's why I believe in it, that's why I tell all my friends about it. If you want to make money invest in Ethereum"

A classic example of what one hears about [insertAnyAltcoin]. In the case of ETH, this is the only reason for touching it (remember when it was about the DAO & dapps, now it's provably fair gambling, et. al.?). Most of the alts are both trying to create problems and offer solutions for them.

The story in the video is the sad reality, people just don't understand Firstly what a crypto currency is, then they prefer to take information from those who absolutely have no idea about it and they make rash decisions. A classic example is one coin, since I have never believed in alts and I don't care how much high they go, they will never be what Bitcoin is to me. So coming to onecoin-much-scam I had advised people I know not to take, but their so called financial guy said it was safe and what happenes next we all know, arrest,scam and that's why I have always made it a point to tell people to come to this forum read and understand before making any stupid decisions, but fools will remain fools, can't help it.

[Kprawn]

The moment you see banks showing a interest in some Alt coins, then you should avoid it like a plague. I bought some Ripple in the beginning,

until they aggressively started promoting it by pushing people to link their social media "to get some free coins" and then I realized why it was a

bad idea. The funny thing is when these Alt coins will come down hard and the shills and trolls start crawling back into the Ass cracks they came

from. 

as a cryptocurrency and as a project in blockchain technology field you are 100% correct. but these coins are not coins they are short term investments. the advertisement calls them as real things because that is how you get people to invest their money in it, if you say we are just pump and dumping it nobody would come near them.

but people need to understand the game. pull the curtains aside and see behind them. then when you saw past all the deceit you can make a lot of money and laugh at the pumpers whom you dumped on not the other way around.

The same goes for technologies that are marketed as "Blockchain based" ..... In the early days, people saw labels like, "Intel inside" and they

associated it with quality, but some of the Intel chips was clunky and had "heat" issues.... so a label means nothing and more so with these

private ledgers that are labelled as "Blockchain based" .... They riding the "Blockchain" hype... but their implementation is "centralized" and a

cheap imitation of the original Bitcoin. Avoid them at all cost... 

[aarturka]

Ethcoin is crap, Butterin said himself that it was created to shake down sheeple...

[Chris!]

You can't be in Bitcoin for the right reasons and love ETH at the same time. They are mutually exclusive (one is decentralized, the other is a centralized bail-out coin). ETH pump campaigns have been going on for a while in the Bitcoin subreddits (i.e. SPAM being sent to a lot of users).

I've got to be honest when I saw price increases I was intrigued. So like any investment I started doing some research. After about 5 minutes I realized that I would never be investing in a centralized currency. Why wouldn't I just keep Canadian dollars that are controlled by a government I can vote for rather than some developer from where ever that can change anything he wants at any point. That sounds awful. Smart contracts are a good idea, but he didn't get it right.

[Lauda]

The story in the video is the sad reality, people just don't understand Firstly what a crypto currency is, then they prefer to take information from those who absolutely have no idea about it and they make rash decisions.

It is irrational, funded by ignorance and greed. Those are the potential reasons for one to invest in centralized, corporation coins instead of fighting for decentralizing the financial network (for various reasons).

So coming to onecoin-much-scam I had advised people I know not to take, but their so called financial guy said it was safe and what happenes next we all know, arrest,scam and that's why I have always made it a point to tell people to come to this forum read and understand before making any stupid decisions, but fools will remain fools, can't help it.

Onecoin is similar to Jehovah witnesses. A lot of people involved directly or indirectly with it were defending it. The difference between Onecoin and ETH or DASH is that in the case of the latter, the "promises" are more realistic and an actual blockchain exists.

Ethcoin is crap, Butterin said himself that it was created to shake down sheeple...

He literally said, and I paraphrase (as I don't have the actual quote at hand): "I'd rather have consensus failures every year than constant bickering.".

I've got to be honest when I saw price increases I was intrigued. So like any investment I started doing some research. After about 5 minutes I realized that I would never be investing in a centralized currency. Why wouldn't I just keep Canadian dollars that are controlled by a government I can vote for rather than some developer from where ever that can change anything he wants at any point. That sounds awful. Smart contracts are a good idea, but he didn't get it right.

Altcoins are lucrative to speculate and trade in order to attain more Bitcoin. However, if you start "shilling" for them like a "fanboy", then you have been enveloped by greed.

[leopard2]

ETH can run Bitcoin inside it, ETH compares to Bitcoin like a supermarket compares to milk.

Centralized? Why? Ripple is centralized.

Centralized to me is, if a court order can be sent to an address to shut down the technology. 

[Krimster]

Watched it thinking it couldn't be all that bad. It was actually far worse than I thought.

Couple this with quite a few articles about crypto currencies, and more specifically Ethereum, and it becomes obvious that we have oficially entered the "public awareness" phase. Doesn't mean a crash is inminent, in fact, the whole thing could and should go even higher still, but the meltdown is now much closer.

[Lauda]

ETH can run Bitcoin inside it, ETH compares to Bitcoin like a supermarket compares to milk.

It can not. Bailout coin != digital gold.

Centralized? Why? Ripple is centralized.

Then go use Ripple. It's cheaper than mETH.

Watched it thinking it couldn't be all that bad. It was actually far worse than I thought.

Couple this with quite a few articles about crypto currencies, and more specifically Ethereum, and it becomes obvious that we have oficially entered the "public awareness" phase. Doesn't mean a crash is inminent, in fact, the whole thing could and should go even higher still, but the meltdown is now much closer.

Someone also introduced her to the mETH hype and gave her some kool-aid. She seems to be a bit calmer after the initial negative backlash from the community.

[Chris!]

I love that this guy is trolling in the Youtube comments but no one seems to understand.

I wasnt sure about Ethereum, but you seem bullish on it. I dont have a huge amount to invest, but there is my son's college fund, so I might dip in to that. The way I see it, if this thing is half as good as you say it is, I can afford to send him where ever he likes. Thanks for the tip, very enjoyable video.

I don't think this video convinced anyone to buy Ethereum. Why not you say?! Does she understand anything about Ethereum? Not even slightly. But then why did she buy it? Oh because she was curious  . What was she curious about? What did she learn about Ethereum? Nothing. Great. That is why it's in such a huge bubble.

When Ethereum crashes these morons are going to be all annoyed at their friend, that friend is going to be annoyed at their other friend and so on. Does anyone even know what it's good for? Oh, you can pump out ICOs like nobody's business on the ETH network. Great. Now that the market is saturated in ICOs people are just trying to make a quick flip and they aren't working out. I won't be buying ETH ever again to invest in an ICO. I never wanted to touch it so I don't know why I did.

Wow last week every single altcoin was red. When Bitcoin and ETH drop it's like the world is ending and everyone sells all of thier alts at the same time.

[whaawh]

I love that this guy is trolling in the Youtube comments but no one seems to understand.

I wasnt sure about Ethereum, but you seem bullish on it. I dont have a huge amount to invest, but there is my son's college fund, so I might dip in to that. The way I see it, if this thing is half as good as you say it is, I can afford to send him where ever he likes. Thanks for the tip, very enjoyable video.

I don't think this video convinced anyone to buy Ethereum. Why not you say?! Does she understand anything about Ethereum? Not even slightly. But then why did she buy it? Oh because she was curious  . What was she curious about? What did she learn about Ethereum? Nothing. Great. That is why it's in such a huge bubble.

When Ethereum crashes these morons are going to be all annoyed at their friend, that friend is going to be annoyed at their other friend and so on. Does anyone even know what it's good for? Oh, you can pump out ICOs like nobody's business on the ETH network. Great. Now that the market is saturated in ICOs people are just trying to make a quick flip and they aren't working out. I won't be buying ETH ever again to invest in an ICO. I never wanted to touch it so I don't know why I did.

Wow last week every single altcoin was red. When Bitcoin and ETH drop it's like the world is ending and everyone sells all of thier alts at the same time.

I also watched the last week of falling altcoin, but there was also growth. Today, and next weekend I expect the same excitement. If this is the case, then I will allow myself to buy some coins. Basically it seems to me that this is not very much dependent on the etherium and Bitcoin.

[UltrA1]

Hey girl, I for one am proud of girl gone crypto,. yep
Esp getting into alts, at a time when most noobs didn't even know what shitcoins were yet,. so smart!

Let the big boys talk tech,. you girls do you,. girls in the crypto space..
Update video you seem so happy amazing smile.

NEW ATH!! 20k BTC / 1K LTC
here we come forget eth haters.. top 10,20,50,100
best #HODL