windjc
Legendary
 Offline
Activity: 2156
Merit: 1070
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July 23, 2014, 06:57:41 PM |
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Desaster in the making. 5000 BTC investing in under 24hours and 43 days to go. The 50000 BTC are likely to be broken in the timeframe and even 75k-100k seems possible. You guys know that devs then get 7500-15000 BTC in ethereum + the BTC itself. Also a yearly inflation that is enourmous at 50000 BTC raised.... So many people will get burned, it is really sad  Well your math is off, but your point is still valid. First of all, anyone who knows anything about fundraising knows that you can have well over 50% come in the first wave of fundraising. I'd say this IPO might get to 10k-12k BTC, but no way it is going to 50k or 100k. However, there is going to be a glut of Ethereum on the market. It has the potential to be coin with a $10 million dollar cap day one with a 26% inflation. Wow. Then you have a community that has already all invested. Who are the buyers at launch? This will set a precedent for IPOs in the future. It does have the potential of being an investment bloodbath. |
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No Gods or Kings. Only Bitcoin
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Ursium
Full Member
Offline
Activity: 149
Merit: 100
Ethereum
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July 23, 2014, 06:59:19 PM |
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I'm sorry, but i do not understand. "PLEASE ENSURE THAT YOU HAVE DOWNLOADED YOUR WALLET AND ENSURED THAT THE .JSON WALLET FILE (ethereum-wallet-.json) IS ON YOUR COMPUTER BEFORE YOU SEND ANY BTC." How can ensure that i have downloaded my wallet and ensured that the .json wallet file is on my computer before i send any btc, if i get it in the email?  Nobody has the same problems  Hello Trunzo, sorry you are having problems. You can download your wallet on Step 5, ahead of purchasing with BTC. Think of the wallets as gift cards. At first, you can get the giftcard but not 'load it'. Once the BTC is transferred the card is loaded. The reason we had to make the wallet downloadable early on in the process is because the blockchain.info API could go down (it's outside our control). In which case the BTC would be transferred, the wallet loaded, but the last screen would not appear. Making the (empty) wallet downloadable early on, it helps prevent this (potential) issue. How it all works is explained on: https://blog.ethereum.org/2014/07/09/how-to-make-a-purchase-in-the-ether-presale/If you still need help, please email helpdesk@ethereum.org, which is manned 24/7. |
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AussieHash
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July 23, 2014, 07:04:26 PM |
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I see people calling ether a coin. Ether is a product, NOT a security or investment offering. Ether is simply a token useful for paying transaction fees or building or purchasing decentralized application services on the Ethereum platform; it does not give you voting rights over anything, and we make no guarantees of its future value. It sounds to me more like buying a MSDN license. It supports further MS development, it doesn't buy you any stock or shares in the company, MS can sell an infinite number if licenses, and it is only really useful if I am a developer or user of an application based on their framework. Sure you will eventually be able to trade the ether fuel with others later, but the supply is infinite and people will only need to buy ether if they are expending it (faster than they are mining it) Edit : who is going to pay for it ? The video on their homepage gave the example of a decentralized Facebook. Are these FB 2.0 users really expected to mine or buy ether to use the service ? Or more likely the service will be free and ad sponsored. How many scenarios will there be where consumers actually need to burn ether ? |
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poornamelessme
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July 23, 2014, 07:07:39 PM |
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However, there is going to be a glut of Ethereum on the market. It has the potential to be coin with a $10 million dollar cap day one with a 26% inflation. Wow. Then you have a community that has already all invested. Who are the buyers at launch? This will set a precedent for IPOs in the future. It does have the potential of being an investment bloodbath.
I wonder what percentage of this community are the ones even investing. Before people even really even knew the IPO was open here, there was already a lot of money in the IPO. I am assuming companies/investors are coming outside of the crypto community too. It's not like some random alt that just made a thread here a week before the IPO opened ... it had a ton of exposure. To be profitable, buyers would have to come from outside of the typical crypto community, most likely. With that amount of money invested, they surely could make some noise marketing-wise. So it'd then be those not typically interested in crypto, reading about some wildly successful IPO, or an article about how Ethererum is the next 'big thing'... and so on. Not so sure there is enough of them to make this profitable for investors buying in now, but I wouldn't say it's impossible either. It's certainly risky though. |
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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July 23, 2014, 07:11:11 PM |
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So many people will get burned, it is really sad Will you be among them?  No, I have decided to evaluate AFTER the project is released. I expect the price to be about 50% lower then. |
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sdersdf2
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July 23, 2014, 07:11:59 PM
Last edit: July 23, 2014, 07:31:57 PM by sdersdf2 |
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Funny thing is, the way their IPO is structured, the more hype and the more people invest, the lower the immediate return will be (assuming any return) for each individual investor - think Facebook's IPO - and it all gets diluted by massive inflation going forward. |
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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July 23, 2014, 07:11:59 PM |
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Desaster in the making. 5000 BTC investing in under 24hours and 43 days to go. The 50000 BTC are likely to be broken in the timeframe and even 75k-100k seems possible. You guys know that devs then get 7500-15000 BTC in ethereum + the BTC itself. Also a yearly inflation that is enourmous at 50000 BTC raised.... So many people will get burned, it is really sad Well your math is off, but your point is still valid. First of all, anyone who knows anything about fundraising knows that you can have well over 50% come in the first wave of fundraising. I'd say this IPO might get to 10k-12k BTC, but no way it is going to 50k or 100k. However, there is going to be a glut of Ethereum on the market. It has the potential to be coin with a $10 million dollar cap day one with a 26% inflation. Wow. Then you have a community that has already all invested. Who are the buyers at launch? This will set a precedent for IPOs in the future. It does have the potential of being an investment bloodbath. It's no math but my own assumptions and my expectations. I am pretty sure we will pass 25-30k BTC mark and am even willing to bet on it for a smallish sum. |
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technologible
Newbie
Offline
Activity: 11
Merit: 0
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July 23, 2014, 07:13:59 PM |
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Basically if they don't announce an IPO cap Etherium is pretty much doomed.
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poornamelessme
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July 23, 2014, 07:16:46 PM |
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Basically if they don't announce an IPO cap Etherium is pretty much doomed.
At the least, it'd probably make a lot of sense to wait until the deadline (13 days from now for max) before deciding to put any money into this. If the numbers are insane by then... yeah... may not be the best investment. They are already sort of insane as it is. |
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trunzo
Member
Offline
Activity: 106
Merit: 10
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July 23, 2014, 07:20:17 PM |
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I'm sorry, but i do not understand. "PLEASE ENSURE THAT YOU HAVE DOWNLOADED YOUR WALLET AND ENSURED THAT THE .JSON WALLET FILE (ethereum-wallet-.json) IS ON YOUR COMPUTER BEFORE YOU SEND ANY BTC." How can ensure that i have downloaded my wallet and ensured that the .json wallet file is on my computer before i send any btc, if i get it in the email? Nobody has the same problems Hello Trunzo, sorry you are having problems. You can download your wallet on Step 5, ahead of purchasing with BTC. Think of the wallets as gift cards. At first, you can get the giftcard but not 'load it'. Once the BTC is transferred the card is loaded. The reason we had to make the wallet downloadable early on in the process is because the blockchain.info API could go down (it's outside our control). In which case the BTC would be transferred, the wallet loaded, but the last screen would not appear. Making the (empty) wallet downloadable early on, it helps prevent this (potential) issue. How it all works is explained on: https://blog.ethereum.org/2014/07/09/how-to-make-a-purchase-in-the-ether-presale/If you still need help, please email helpdesk@ethereum.org, which is manned 24/7. Thank you very much, I'll try it again  |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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July 23, 2014, 07:22:30 PM |
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However, there is going to be a glut of Ethereum on the market. It has the potential to be coin with a $10 million dollar cap day one with a 26% inflation. Wow. Then you have a community that has already all invested. Who are the buyers at launch? This will set a precedent for IPOs in the future. It does have the potential of being an investment bloodbath.
I wonder what percentage of this community are the ones even investing. Before people even really even knew the IPO was open here, there was already a lot of money in the IPO. I am assuming companies/investors are coming outside of the crypto community too. It's not like some random alt that just made a thread here a week before the IPO opened ... it had a ton of exposure. To be profitable, buyers would have to come from outside of the typical crypto community, most likely. With that amount of money invested, they surely could make some noise marketing-wise. So it'd then be those not typically interested in crypto, reading about some wildly successful IPO, or an article about how Ethererum is the next 'big thing'... and so on. Not so sure there is enough of them to make this profitable for investors buying in now, but I wouldn't say it's impossible either. It's certainly risky though. I think this has been the most publicized IPO ever. And with a 40 day on ramp for investing, I think the community will be well versed. However, I do think there will be some buyers. More than sellers, wow, thats a whole other story. |
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oldmarsh
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July 23, 2014, 07:24:12 PM |
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Am I the only one who thinks guy looks creepy as fuck?
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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July 23, 2014, 07:24:45 PM |
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Desaster in the making. 5000 BTC investing in under 24hours and 43 days to go. The 50000 BTC are likely to be broken in the timeframe and even 75k-100k seems possible. You guys know that devs then get 7500-15000 BTC in ethereum + the BTC itself. Also a yearly inflation that is enourmous at 50000 BTC raised.... So many people will get burned, it is really sad Well your math is off, but your point is still valid. First of all, anyone who knows anything about fundraising knows that you can have well over 50% come in the first wave of fundraising. I'd say this IPO might get to 10k-12k BTC, but no way it is going to 50k or 100k. However, there is going to be a glut of Ethereum on the market. It has the potential to be coin with a $10 million dollar cap day one with a 26% inflation. Wow. Then you have a community that has already all invested. Who are the buyers at launch? This will set a precedent for IPOs in the future. It does have the potential of being an investment bloodbath. It's no math but my own assumptions and my expectations. I am pretty sure we will pass 25-30k BTC mark and am even willing to bet on it for a smallish sum. I will bet any amount your choose on that it doesn't exceed 25k. You name the amount and escrow and I am down. |
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kencoles
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July 23, 2014, 07:26:05 PM |
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What will they going to do with all the Bitcoins? Will they use them for Ethereum or they will keep the bitcopins for themselves?
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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July 23, 2014, 07:28:50 PM |
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Desaster in the making. 5000 BTC investing in under 24hours and 43 days to go. The 50000 BTC are likely to be broken in the timeframe and even 75k-100k seems possible. You guys know that devs then get 7500-15000 BTC in ethereum + the BTC itself. Also a yearly inflation that is enourmous at 50000 BTC raised.... So many people will get burned, it is really sad Well your math is off, but your point is still valid. First of all, anyone who knows anything about fundraising knows that you can have well over 50% come in the first wave of fundraising. I'd say this IPO might get to 10k-12k BTC, but no way it is going to 50k or 100k. However, there is going to be a glut of Ethereum on the market. It has the potential to be coin with a $10 million dollar cap day one with a 26% inflation. Wow. Then you have a community that has already all invested. Who are the buyers at launch? This will set a precedent for IPOs in the future. It does have the potential of being an investment bloodbath. It's no math but my own assumptions and my expectations. I am pretty sure we will pass 25-30k BTC mark and am even willing to bet on it for a smallish sum. I will bet any amount your choose on that it doesn't exceed 25k. You name the amount and escrow and I am down. Haha, now I should bet >25000 BTC and just invest on my own too I will try to find someone, I only want to bet 0.2 BTC or something like that, as I don't really care much about it! Will contact you if I succeed at finding someone! |
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kashish948
Legendary
Offline
Activity: 1596
Merit: 1000
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July 23, 2014, 07:34:38 PM |
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25+ million invested? what is so great about this? is it really worth that much!!!!!!
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jztxeno
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July 23, 2014, 07:40:11 PM |
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Good luck  The price after the IPO will be lower why would anyone buy NOW? |
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broolstoryco
Member
Offline
Activity: 76
Merit: 10
Enemy of the State
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July 23, 2014, 07:41:05 PM |
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Desaster in the making. 5000 BTC investing in under 24hours and 43 days to go. The 50000 BTC are likely to be broken in the timeframe and even 75k-100k seems possible. You guys know that devs then get 7500-15000 BTC in ethereum + the BTC itself. Also a yearly inflation that is enourmous at 50000 BTC raised.... So many people will get burned, it is really sad Well your math is off, but your point is still valid. First of all, anyone who knows anything about fundraising knows that you can have well over 50% come in the first wave of fundraising. I'd say this IPO might get to 10k-12k BTC, but no way it is going to 50k or 100k. However, there is going to be a glut of Ethereum on the market. It has the potential to be coin with a $10 million dollar cap day one with a 26% inflation. Wow. Then you have a community that has already all invested. Who are the buyers at launch? This will set a precedent for IPOs in the future. It does have the potential of being an investment bloodbath. It's no math but my own assumptions and my expectations. I am pretty sure we will pass 25-30k BTC mark and am even willing to bet on it for a smallish sum. I will bet any amount your choose on that it doesn't exceed 25k. You name the amount and escrow and I am down. Haha, now I should bet >25000 BTC and just invest on my own too I will try to find someone, I only want to bet 0.2 BTC or something like that, as I don't really care much about it! Will contact you if I succeed at finding someone! i am also willing to take the other side of this bet with you (or anyone) for any amount up to 10btc |
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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July 23, 2014, 07:46:11 PM |
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i am also willing to take the other side of this bet with you for any amount up to 10btc
I can escrow all bets free of charge (minus transaction fees)! Ok, can I just send the BTC to your BTC address and you confirm the funds + tell me when someone took the opposite side? |
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