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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1825996 times)
IncludeBeer
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October 06, 2018, 07:47:22 PM
 #20661

we are finalkly seeing a stability in prices
this is good for crypto, not to be volatile like it was last year this time

Honestly, the volatility is what is keeping volume numbers (relatively) high. There are a few different "stable coin" experiments already live (e.g. DAI, BOOTY). Stable coin needs should be met by the projects seeking to create a stable coin...not Eth.

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October 06, 2018, 11:32:07 PM
 #20662

we are finalkly seeing a stability in prices
this is good for crypto, not to be volatile like it was last year this time

This ecosystem is very close to get matured as institutional investors are showing their interest to invest in this emerging markets. I hope so this time it will move with more power so stay with them and enjoy with great benefits.

It is this price level when about 10% of the movement during the day is very popular with large funds and investors. This shows that everything is under control and the market has matured. What we saw earlier when the price could double per day is not normal and more than one fund will not buy such a risk for volatility.

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October 07, 2018, 07:04:58 AM
 #20663

It isn't clear when those releases will take place but implementations of Sharding,Plasma and privacy layer has been in advanced stages according  to Vitalik in recent tweet. That is development on technical side whereas Ethereum's physical etf also are on ten table to be prepared just like Bitcoin's at the start of next year. All these things if don't make someone bullish on Ethereum then what else can do.

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October 07, 2018, 07:30:19 AM
 #20664

It isn't clear when those releases will take place but implementations of Sharding,Plasma and privacy layer has been in advanced stages according  to Vitalik in recent tweet. That is development on technical side whereas Ethereum's physical etf also are on ten table to be prepared just like Bitcoin's at the start of next year. All these things if don't make someone bullish on Ethereum then what else can do.

Ethereums ETF is not happening anytime soon. I don't know where you read but BTC is not getting an ETF next year. All the proposals have been delayed or rejected and with the current regulation issues, it doesn't seem like they will ever be approved.

Yes the developement is great for ETH however the reason why the price is low is not due to lack of developement its due to the ICOs which are causing massive selling and other investors who bought ETH at $1000 because it "looked cheaper than BTC" and they are sitting on an 80% loss.

So even if ETH rallies to $500, it will be hit with massive ICO sellers and people who bought at $1000 who will be selling to get at least 50% of their money back.

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October 07, 2018, 07:43:36 AM
 #20665







Lol, that looks about right bro.  You forgot the rocketship on the last line. lol

mimagneto
Now you can draw any schedule and if you guess you call yourself a prophet Wink




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tiCeR
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October 07, 2018, 05:53:00 PM
 #20666

XRP is gonna surpass ETH for good it seems. Sad

It might be have more market cap than ETH occasionally. But in the long term, ETH will be higher.

Support level for ETH is still more high as compare with XRP. ETH has good use case and with more secure platform. I would like to say this could be bull trap because they big bags to make empty on newcomers while on other hand ETH is solid and strong project.

But ETH also depends on the success of the use cases that are being built on it. If it still takes a couple of years from now until we see a first application working at scale, a lot of people will lose trust in the platform in the meantime.

It won't take that long. Ethereum will be scaled 100% there are too many people involved in development. However first applications in the scale we could see them built on other platforms. There is a strong competition right now and it's good for healthy ecosystem growth.

I agree with your point that there is too much skin in the game for a lot of people and the incentive is very high to come up with solutions, but you never know for sure.

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I N D X
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October 07, 2018, 07:35:47 PM
 #20667

XRP is gonna surpass ETH for good it seems. Sad

It might be have more market cap than ETH occasionally. But in the long term, ETH will be higher.

Support level for ETH is still more high as compare with XRP. ETH has good use case and with more secure platform. I would like to say this could be bull trap because they big bags to make empty on newcomers while on other hand ETH is solid and strong project.

But ETH also depends on the success of the use cases that are being built on it. If it still takes a couple of years from now until we see a first application working at scale, a lot of people will lose trust in the platform in the meantime.

It won't take that long. Ethereum will be scaled 100% there are too many people involved in development. However first applications in the scale we could see them built on other platforms. There is a strong competition right now and it's good for healthy ecosystem growth.

I agree with your point that there is too much skin in the game for a lot of people and the incentive is very high to come up with solutions, but you never know for sure.

If you don't already get em, look up Week in Ethereum and subscribe. That newsletter always contains links to the dev calls for the various dev teams (core, eth2.0, plasma, etc). Not many people track these, but they give you first-rate insight into development.

Grow the Dividend Snek! (pm me if you have questions)
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October 08, 2018, 12:11:51 AM
 #20668


Allowing ASICs to exist was the first big mistake.
Monero team gained a huge trust bonus when they cut out the ASICs.

I don't know how many ETH users are mainers, but for sure every ETH miner is
a potential ETH user and HODLer/trader.


people
please

understand once that daggerhashimoto ASIC does not exist
if you are assuming that the bitmains product, the ANTMINER E3, is an ASIC machine you are wrong
there is no asic borad inside, is made combining similar GPU boards like INNO3D-P106-090
Cause, this machine does not give you more than 190 Mh/s, so likely a regular DIY rig
ASICS normally gives you more than 10 times more hashing power on the same algo compared to the GPU hashing speed

ETH & its DAG file and all daggerhashimoto coins, until now, are completely ASIC resistant

This was the first version and it was released at $800. And it is created by a single company. And even though I agree with you of dagger's natural resistance, 90% of the miners believe it is Bitmain who is stealing their income and ETH team doesn't care. Nobody explained how many % are the Bitmain miners.
And allowing an ASIC on the network, even created out of old GPUs, creates a precedent. This precedent shows that when there is external influence on the hashrate (by external i mean Bitmain), the ETH team does nothing.
To people that translates to: "ETH team doesn't really care what is happening" => less trust = loong dip.

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October 08, 2018, 03:39:23 AM
 #20669


Allowing ASICs to exist was the first big mistake.
Monero team gained a huge trust bonus when they cut out the ASICs.

I don't know how many ETH users are mainers, but for sure every ETH miner is
a potential ETH user and HODLer/trader.


people
please

understand once that daggerhashimoto ASIC does not exist
if you are assuming that the bitmains product, the ANTMINER E3, is an ASIC machine you are wrong
there is no asic borad inside, is made combining similar GPU boards like INNO3D-P106-090
Cause, this machine does not give you more than 190 Mh/s, so likely a regular DIY rig
ASICS normally gives you more than 10 times more hashing power on the same algo compared to the GPU hashing speed

ETH & its DAG file and all daggerhashimoto coins, until now, are completely ASIC resistant

This was the first version and it was released at $800. And it is created by a single company. And even though I agree with you of dagger's natural resistance, 90% of the miners believe it is Bitmain who is stealing their income and ETH team doesn't care. Nobody explained how many % are the Bitmain miners.
And allowing an ASIC on the network, even created out of old GPUs, creates a precedent. This precedent shows that when there is external influence on the hashrate (by external i mean Bitmain), the ETH team does nothing.
To people that translates to: "ETH team doesn't really care what is happening" => less trust = loong dip.

I hope people don't think this way...cuz that's retarded. The algo isn't broken like sha256: no hw implementation is drastically better than GPU's. Why in the world would the community push for doing "something"?

That scenario might account for some drops is price, but it's by far not the main reason.

Grow the Dividend Snek! (pm me if you have questions)
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fast2fix
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October 08, 2018, 04:11:04 AM
 #20670

It isn't clear when those releases will take place but implementations of Sharding,Plasma and privacy layer has been in advanced stages according  to Vitalik in recent tweet. That is development on technical side whereas Ethereum's physical etf also are on ten table to be prepared just like Bitcoin's at the start of next year. All these things if don't make someone bullish on Ethereum then what else can do.

Ethereums ETF is not happening anytime soon. I don't know where you read but BTC is not getting an ETF next year. All the proposals have been delayed or rejected and with the current regulation issues, it doesn't seem like they will ever be approved.

Yes the developement is great for ETH however the reason why the price is low is not due to lack of developement its due to the ICOs which are causing massive selling and other investors who bought ETH at $1000 because it "looked cheaper than BTC" and they are sitting on an 80% loss.

So even if ETH rallies to $500, it will be hit with massive ICO sellers and people who bought at $1000 who will be selling to get at least 50% of their money back.
we don't really need etfs to get crypto price moving up, bitcoin, eth and other coins have gone up a lot before without etf, they can go up a lot again without etf.

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October 08, 2018, 05:11:29 AM
 #20671






The main thing is that after the convergence of the big triangle, the project and the market were very good news, then possible explosive growth in the price of Eth.

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October 08, 2018, 07:06:12 AM
 #20672

It isn't clear when those releases will take place but implementations of Sharding,Plasma and privacy layer has been in advanced stages according  to Vitalik in recent tweet. That is development on technical side whereas Ethereum's physical etf also are on ten table to be prepared just like Bitcoin's at the start of next year. All these things if don't make someone bullish on Ethereum then what else can do.

Ethereums ETF is not happening anytime soon. I don't know where you read but BTC is not getting an ETF next year. All the proposals have been delayed or rejected and with the current regulation issues, it doesn't seem like they will ever be approved.

Yes the developement is great for ETH however the reason why the price is low is not due to lack of developement its due to the ICOs which are causing massive selling and other investors who bought ETH at $1000 because it "looked cheaper than BTC" and they are sitting on an 80% loss.

So even if ETH rallies to $500, it will be hit with massive ICO sellers and people who bought at $1000 who will be selling to get at least 50% of their money back.
we don't really need etfs to get crypto price moving up, bitcoin, eth and other coins have gone up a lot before without etf, they can go up a lot again without etf.
i agree with you without ETF, bitcoin and eth is still in power
and this is all from the people who believes in crypto currency
but one thing if bitcoin ETF approves then eth price could hit 2000$ in very short time and all other crypto currencies will cross their all time high prices

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October 08, 2018, 12:09:42 PM
 #20673

The block reward will be 2 eth oer block soon
So, we can expect a price pump, cause miners has to pay the elec
Similar scenario what we have seen on the btc halving

So, keep in mind that eth is still cheap to buy some more  Wink

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October 08, 2018, 12:51:13 PM
 #20674

x5 will soon  Wink




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October 08, 2018, 01:20:14 PM
 #20675

Good project
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October 08, 2018, 01:26:26 PM
 #20676

Good project

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IncludeBeer
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October 08, 2018, 05:11:41 PM
 #20677

The block reward will be 2 eth oer block soon
So, we can expect a price pump, cause miners has to pay the elec
Similar scenario what we have seen on the btc halving

So, keep in mind that eth is still cheap to buy some more  Wink

That's a dangerous stance. It' certainly doesn't have to pump to maintain miners. Miners could always fall off due to unprofitability (which has been the trend for 2018, not price pumps).

Also, not even btc price charts correlate rewards halving with pumps.

Still: buy eth while it's cheap!

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freelotus
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October 09, 2018, 09:14:10 AM
 #20678

The block reward will be 2 eth oer block soon
So, we can expect a price pump, cause miners has to pay the elec
Similar scenario what we have seen on the btc halving

So, keep in mind that eth is still cheap to buy some more  Wink
A very likely scenario. Big players will not miss their advantage, now smart people accumulate Eth as much as they can. A reward of 2 Eth for finding a block will increase the price.

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mehar_gee
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October 09, 2018, 09:16:10 PM
 #20679

The block reward will be 2 eth oer block soon
So, we can expect a price pump, cause miners has to pay the elec
Similar scenario what we have seen on the btc halving

So, keep in mind that eth is still cheap to buy some more  Wink
A very likely scenario. Big players will not miss their advantage, now smart people accumulate Eth as much as they can. A reward of 2 Eth for finding a block will increase the price.
if that happens then obviously eth price will increase. because miner will get less reward for finding a block with same cost so they will sell them at high price or hold the reward.
many developments will be implement on eth in future. and scaling is the big thing.
right now eth price is cheap while market down. should have collect more

shivansps
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October 09, 2018, 10:49:13 PM
 #20680

we are finalkly seeing a stability in prices
this is good for crypto, not to be volatile like it was last year this time

Lol, if crypto is going to be stable then what are you going to do with it? I don't like stability at all, I do like volatility. Why?
Because you can trade volatility and gain profits. Volume spiking not on the stable market, as you we all see now when the price of Bitcoin is chopping volume is dramatically decreasing so market becomes illiquid. Volatility is good for everyone and actually, that's why everyone loves crypto.



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