|
poornamelessme
|
 |
July 24, 2014, 07:55:14 PM |
|
Im too fucking scared to invest in this. EVERY COIN takes as reference Bitcoin, this proves Bitcoin is KING.
I see this weird mindset used to put down most alts. Yet they are posting in the alt coin section, where it is sort of obvious this section deals with people investing in alts. BTC is currently king. But people are using alts to increase their holdings and put it back into BTC. It's like people buying penny stocks, hoping for a good return on investment, to then use those funds to buy up apple or ibm stock. Sure, some folks hold that penny stock forever hoping it goes insane, but that is their prerogative. This is it. And thats why I fear investing in IPO's, even if look good. It's certainly a risk, as is crypto in general. I just find it odd that people post in the alt coin section defending BTC, or saying not to invest in something, based on the fact they feel BTC is the better coin. Of course it currently is. But that's not why people invest in alts to begin with. If rich enough, you have extra BTC to play with. If not, just invest based how much you are willing to lose. |
|
|
|
|
|
slaveforanunnak1 (OP)
|
|
July 24, 2014, 08:00:22 PM |
|
Im too fucking scared to invest in this. EVERY COIN takes as reference Bitcoin, this proves Bitcoin is KING.
I see this weird mindset used to put down most alts. Yet they are posting in the alt coin section, where it is sort of obvious this section deals with people investing in alts. BTC is currently king. But people are using alts to increase their holdings and put it back into BTC. It's like people buying penny stocks, hoping for a good return on investment, to then use those funds to buy up apple or ibm stock. Sure, some folks hold that penny stock forever hoping it goes insane, but that is their prerogative. This is it. And thats why I fear investing in IPO's, even if look good. It's certainly a risk, as is crypto in general. I just find it odd that people post in the alt coin section defending BTC, or saying not to invest in something, based on the fact they feel BTC is the better coin. Of course it currently is. But that's not why people invest in alts to begin with. If rich enough, you have extra BTC to play with. If not, just invest based how much you are willing to lose. Or just simply don't help! thats fine also!! But to people who call Vitalik a scryptKiddy, you really need to stop. You just sound like an idiot. |
|
|
|
|
|
|
|
efreeti
|
|
July 25, 2014, 05:05:46 AM |
|
Will be interesting to see how event unfold.
Will it replace bitcoin? or will it bust in a spectacular manner?
Either way, some will get hurt badly.
|
|
|
|
|
|
TaunSew
|
|
July 25, 2014, 05:19:49 AM |
|
Will be interesting to see how event unfold.
Will it replace bitcoin? or will it bust in a spectacular manner?
Either way, some will get hurt badly.
It took Bitcoin five years to get where it is today. Maidsafe did a $8 million IPO in like 24-48 hours and today it's only $12 million capitalization, you might say that's good ROI but people who invested bags of money into Maidsafe would had made more investing into Dark coin. Mastercoin was the same way where people would had made more money off NXT and Dogecoin. Mastercoin in some ways is very comparable to Ethereum that on the surface it appeared to have a huge developer team and a big media presence and yet it didn't go anywhere. This Ether as we know is a POW/POS hybrid (which is something Peercoin and many coins have done for ages). The only exciting thing about Ethereum is this Ethereum language project but the language is technically distinct from the Ether coin. It's not 2009. Before Ether has any chance of getting big it'll probably be overtaken by a fairer distribution or a more innovative coin based on the same language. Ethereum back in January wanted its' $30 million IPO and possibly it'll get that in 40 days. The question here, much like Maidsafe and Mastercoin, is how do you make any ROI in a grand IPO? I have a gut feeling that anyone who invests into Ether will probably make more money buying NEM, NODE and ORA when those coins are released. Heck even Monero and Reddit can probably see 20x return if you invested today. Ethereum at $30 million IPO has very limited ROI potential, like just to get 10x return Ether would have to hit $300 million which no alt other then Litecoin has ever done. |
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
|
|
|
|
dadugan
|
|
July 25, 2014, 12:56:25 PM |
|
Will be interesting to see how event unfold.
Will it replace bitcoin? or will it bust in a spectacular manner?
Either way, some will get hurt badly.
It took Bitcoin five years to get where it is today. Maidsafe did a $8 million IPO in like 24-48 hours and today it's only $12 million capitalization, you might say that's good ROI but people who invested bags of money into Maidsafe would had made more investing into Dark coin. Mastercoin was the same way where people would had made more money off NXT and Dogecoin. Mastercoin in some ways is very comparable to Ethereum that on the surface it appeared to have a huge developer team and a big media presence and yet it didn't go anywhere. This Ether as we know is a POW/POS hybrid (which is something Peercoin and many coins have done for ages). The only exciting thing about Ethereum is this Ethereum language project but the language is technically distinct from the Ether coin. It's not 2009. Before Ether has any chance of getting big it'll probably be overtaken by a fairer distribution or a more innovative coin based on the same language. Ethereum back in January wanted its' $30 million IPO and possibly it'll get that in 40 days. The question here, much like Maidsafe and Mastercoin, is how do you make any ROI in a grand IPO? I have a gut feeling that anyone who invests into Ether will probably make more money buying NEM, NODE and ORA when those coins are released. Heck even Monero and Reddit can probably see 20x return if you invested today. Ethereum at $30 million IPO has very limited ROI potential, like just to get 10x return Ether would have to hit $300 million which no alt other then Litecoin has ever done. Good analysis. Is it too late to buy Monero coin? |
|
|
|
|
|
sherbyspark
|
|
July 25, 2014, 05:52:59 PM |
|
I doubt investing in monero would be profitable now.
Ether seems a little tricky to invest in. Its hard to predict what will happen. With a big investment, I doubt the profits will go that high.
|
|
|
|
|
|
sherbyspark
|
|
July 25, 2014, 07:20:10 PM |
|
I doubt investing in monero would be profitable now.
You'll be eating those words in crow pie down the line. Sorry if I offended you. I am just stating what I believe, and you are entitled to think differently. I am not saying the coin is bad, just saying it from a point of view to invest. |
|
|
|
|
|
slaveforanunnak1 (OP)
|
|
July 25, 2014, 09:27:20 PM |
|
They are still making a lot of money for funding the project they have Looking at the site its 7,182,144 ETH Or near 3600 Bitcoin * 600 = 2.15 million  https://www.ethereum.org/far from 30 mil they are are aiming for. |
|
|
|
|
|
GangkisKhan
|
|
July 26, 2014, 04:56:15 AM |
|
To me, they seem like the most idealistic group of people and they honestly want to make a change for good in the world.
All I see is a large bureaucracy with high operating costs that not only wants to recoup them, but make much more on top of that. When people design coins solely to try and make windfall profits, they're usually referred to as scamcoins. IPOs are also a scam since you can create as many mule accounts as you want, send money in with them, then receive infinite premine + get all the BTC back since you're sending it to yourself. Yes, and it kind of defeat the purpose of decentralized authority system. |
|
|
|
|
uteroulin
Newbie
 Offline
Activity: 53
Merit: 0
|
|
September 07, 2014, 07:31:10 AM |
|
Maybe I am kinda suspicious but I don't see any substantial reasons to invest in this coin. I doubt investing in monero would be profitable now.
Ether seems a little tricky to invest in. Its hard to predict what will happen. With a big investment, I doubt the profits will go that high.
Indeed, this is too risky now to invest in ether even if their vision seems to be good for the world. |
|
|
|
|
LitcoinCollector
Legendary
Offline
Activity: 1092
Merit: 1000
|
|
September 07, 2014, 06:46:06 PM |
|
If it sounds too good to be true, it usually is.
|
|
|
|
|
pork pie
Member
Offline
Activity: 65
Merit: 10
|
|
September 07, 2014, 07:41:09 PM |
|
They are still making a lot of money for funding the project they have Looking at the site its 7,182,144 ETH Or near 3600 Bitcoin * 600 = 2.15 million https://www.ethereum.org/far from 30 mil they are are aiming for. Their IPO bitcoin address where people sent bitcoins to buy ether is here. https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2They already withdrew some coins, but the total received is 31,529.49449551 BTC. That works out to $15228745 if they sell for $483 a bitcoin. It's only half the 30 million dollars they hoped for, but it's still plenty of money. |
|
|
|
|
|
EternalWingsofGod
|
|
September 11, 2014, 04:26:34 PM |
|
They are still making a lot of money for funding the project they have Looking at the site its 7,182,144 ETH Or near 3600 Bitcoin * 600 = 2.15 million https://www.ethereum.org/far from 30 mil they are are aiming for. Their IPO bitcoin address where people sent bitcoins to buy ether is here. https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2They already withdrew some coins, but the total received is 31,529.49449551 BTC. That works out to $15228745 if they sell for $483 a bitcoin. It's only half the 30 million dollars they hoped for, but it's still plenty of money. That should be more than enough money to build something interesting. For now I guess we will need to wait and see how etherum turns out |
|
|
|
|
