Last two Bitcoins on Ethereum

[randayh]

I just spent my last two bitcoins on Ethereum. am I a sucker or is it really the future?

[slaveforanunnak1]

I just spent my last two bitcoins on Ethereum. am I a sucker or is it really the future?

I'm a big fan too, I do think it's the future, but i wouldn't go all in! Instead of 4000 ethers, i think you could have maybe just purchased 500eths. Good luck buddy, i hope they don't fuck us over but i really don't think they would. I'm watching this talk again

https://www.youtube.com/watch?feature=player_detailpage&list=UU6rYoXJ_3BbPyWx_GQDDRRQ&v=rJAEgFz-vjk

[poornamelessme]

I just spent my last two bitcoins on Ethereum. am I a sucker or is it really the future?

It's probably not a good idea to go 'all in' on any coin. Also keep in mind you won't have access to that btc for like 6 months now.

500 Ether, like slaveforanunnak1 just mentioned, may have been a better idea. Still... what done is done... for all we know this time next year you may have doubled your money, or more.

[InwardContour]

Ethereum is very promising but no one can say if it will be a nice investment, there are too many unknowns.
You should have invested only a small percent of your capital.

[meganite]

Well....... you have six months to ponder it, then find out. 

[TaunSew]

Might even be longer than six months..

BTW - 2 BTC is only going to get you around 0.000033% of all Ether.  Just to see a 10x return you're probably going to have to wait until Ethereum is worth $300 - $500 million and no alt other then Litecoin has done that.  I'm not saying it can't happen but Ether right now is just speculators and there's no guarantee that crypto mainstream will even come on board.  Maidsafe was another huge IPO and that was a major let down and people would had made way more money off Darkcoin.


Especially considering the time you are waiting for Ether to come out - you might have missed out on several good opportunities.  You don't need to go big to score big, people who invested $150 into NxT back in October 2013 made $2-$4 million.  It's too late to reverse your decision but you're technically better off diversifying into multiple promising coins than throwing all your eggs into one basket.

[poornamelessme]

Just in case the OP is getting depressed, I  wouldn't be surprised to see at least a minor pump as soon as Ethereum is released. So yeah, maybe it won't be a giant profit, but it could be some profit. Even MaidSafe, which a lot here don't think was such a great IPO, is in profit territory right now (last time I checked, anyway).

One could rightfully argue that other uses for that btc would be more profitable, but it's not like everyone picks winners all the time either. If you  didn't invest it in Ethereum, you could just as likely spend that 2 btc on couple of coins that bomb out during the next 6 months... nothing is guaranteed.

And $150 in NXT brought in 2 Million? Sure those numbers are right? I know their investors made money... but... that sounds sort of insane. It was before my time here, so at least I can't feel bad about missing it, as I never knew about the IPO to begin with.

[randayh]

"people who invested $150 into NxT back in October 2013 made $2-$4 million."

The total NXT market cap is only 40MM.. That means there were only 10-20 original investors that invested $150. But there are 70 founders.. Does not compute?

[TaunSew]

Just in case the OP is getting depressed, I  wouldn't be surprised to see at least a minor pump as soon as Ethereum is released. So yeah, maybe it won't be a giant profit, but it could be some profit. Even MaidSafe, which a lot here don't think was such a great IPO, is in profit territory right now (last time I checked, anyway).

One could rightfully argue that other uses for that btc would be more profitable, but it's not like everyone picks winners all the time either. If you  didn't invest it in Ethereum, you could just as likely spend that 2 btc on couple of coins that bomb out during the next 6 months... nothing is guaranteed.

And $150 in NXT brought in 2 Million? Sure those numbers are right? I know their investors made money... but... that sounds sort of insane. It was before my time here, so at least I can't feel bad about missing it, as I never knew about the IPO to begin with.

Not the exact numbers but close to.  NXT had a 1.5 BTC limit and back then 1 BTC was $60 to $150 in October.  Only like 20 people invested the 1.5 BTC limit and those people got around 5% of NXT each, so yes these people made $2 - $4 million in 2014 depending on when they sold.

NXT wasn't the only coin.  There was tons tons tons of alternates that were premined, instamined or bought up by a small number of people who took in a lot percentage of a coin for next to nothing and later made huge amounts.  The best time to get into a coin is the very beginning where huge amounts can be bought for next to nothing.

I look almost every day / week for a NXT styled opportunity but they're rather rare.

[TaunSew]

"people who invested $150 into NxT back in October 2013 made $2-$4 million."

The total NXT market cap is only 40MM.. That means there were only 10-20 original investors that invested $150. But there are 70 founders.. Does not compute?

71 to 73 IIRC but only like 20 invested the limit, the rest threw in random small amounts.

[GreenBacksTeam]

The magic phrase is, "don't go all in on one coin". You're taking a big risk on btc you won't get back for probably at least 4 months, but it's still probably less of a risk than most alts now days.

[payzor]

A bit long time before it launches..

BIG funds freezing

[randayh]

Just in case the OP is getting depressed, I  wouldn't be surprised to see at least a minor pump as soon as Ethereum is released. So yeah, maybe it won't be a giant profit, but it could be some profit. Even MaidSafe, which a lot here don't think was such a great IPO, is in profit territory right now (last time I checked, anyway).

One could rightfully argue that other uses for that btc would be more profitable, but it's not like everyone picks winners all the time either. If you  didn't invest it in Ethereum, you could just as likely spend that 2 btc on couple of coins that bomb out during the next 6 months... nothing is guaranteed.

And $150 in NXT brought in 2 Million? Sure those numbers are right? I know their investors made money... but... that sounds sort of insane. It was before my time here, so at least I can't feel bad about missing it, as I never knew about the IPO to begin with.

Not the exact numbers but close to.  NXT had a 1.5 BTC limit and back then 1 BTC was $60 to $150 in October.  Only like 20 people invested the 1.5 BTC limit and those people got around 5% of NXT each, so yes these people made $2 - $4 million in 2014 depending on when they sold.

NXT wasn't the only coin.  There was tons tons tons of alternates that were premined, instamined or bought up by a small number of people who took in a lot percentage of a coin for next to nothing and later made huge amounts.  The best time to get into a coin is the very beginning where huge amounts can be bought for next to nothing.

I look almost every day / week for a NXT styled opportunity but they're rather rare.

So its about buying at the beginning and dumping after so the late investors are the bag holders? Thats about right, sounds like the state of the altcoin markets today.

[poornamelessme]

So its about buying at the beginning and dumping after so the late investors are the bad holders? Thats about right, sounds like the state of the altcoin markets today.

I haven't kept track of NXT that closely, but it's still going strong. I'm not so sure I'd call any current NXT investor a bag holder. Their IPO and limited distribution is what people tend to bring up as a negative for it... probably holds it back some.

[TaunSew]

Just in case the OP is getting depressed, I  wouldn't be surprised to see at least a minor pump as soon as Ethereum is released. So yeah, maybe it won't be a giant profit, but it could be some profit. Even MaidSafe, which a lot here don't think was such a great IPO, is in profit territory right now (last time I checked, anyway).

One could rightfully argue that other uses for that btc would be more profitable, but it's not like everyone picks winners all the time either. If you  didn't invest it in Ethereum, you could just as likely spend that 2 btc on couple of coins that bomb out during the next 6 months... nothing is guaranteed.

And $150 in NXT brought in 2 Million? Sure those numbers are right? I know their investors made money... but... that sounds sort of insane. It was before my time here, so at least I can't feel bad about missing it, as I never knew about the IPO to begin with.

Not the exact numbers but close to.  NXT had a 1.5 BTC limit and back then 1 BTC was $60 to $150 in October.  Only like 20 people invested the 1.5 BTC limit and those people got around 5% of NXT each, so yes these people made $2 - $4 million in 2014 depending on when they sold.

NXT wasn't the only coin.  There was tons tons tons of alternates that were premined, instamined or bought up by a small number of people who took in a lot percentage of a coin for next to nothing and later made huge amounts.  The best time to get into a coin is the very beginning where huge amounts can be bought for next to nothing.

I look almost every day / week for a NXT styled opportunity but they're rather rare.

So its about buying at the beginning and dumping after so the late investors are the bad holders? Thats about right, sounds like the state of the altcoin markets today.

Unfortunately yes.  I've bought many coins after they've launched and lost money as the IPO / instamined / professional miners crowd wasn't patient enough to wait for a coin to grow and attract an user base.  I'm generally hesitant to buy into any coin, nowadays, with a capitalization bigger than $500K as I don't want to be a bagholder like I was when I was a crypto newb.  I also tend to refrain from buying any POW coin due to all the professional miners out there just looking for a quick buck.

[dodgecharger]

I just spent my last two bitcoins on Ethereum. am I a sucker or is it really the future?

good luck

[AliceWonder]

I just spent my last two bitcoins on Ethereum. am I a sucker or is it really the future?

The two aren't mutually exclusive.

[poornamelessme]

Not the exact numbers but close to.  NXT had a 1.5 BTC limit and back then 1 BTC was $60 to $150 in October.  Only like 20 people invested the 1.5 BTC limit and those people got around 5% of NXT each, so yes these people made $2 - $4 million in 2014 depending on when they sold.

NXT wasn't the only coin.  There was tons tons tons of alternates that were premined, instamined or bought up by a small number of people who took in a lot percentage of a coin for next to nothing and later made huge amounts.  The best time to get into a coin is the very beginning where huge amounts can be bought for next to nothing.

I look almost every day / week for a NXT styled opportunity but they're rather rare.

I'm almost glad I wasn't around when NXT held it's IPO, as I'd be kicking myself for skipping it.

Almost all ICOs nowadays for decent coins get a lot of attention, which I guess is the problem. Assuming there are even decent ones to begin with. I wonder how many people invest in ICOs randomly just based on how NXT did? I expect a lot.

[randayh]

So its about buying at the beginning and dumping after so the late investors are the bad holders? Thats about right, sounds like the state of the altcoin markets today.

I haven't kept track of NXT that closely, but it's still going strong. I'm not so sure I'd call any current NXT investor a bag holder. Their IPO and limited distribution is what people tend to bring up as a negative for it... probably holds it back some.

BTW: I own some NXT. But, it seems like every coin has it following and they become more diluted and divided every day. Everyone seems to be pumping their own coin of elegance and hoping to get out at a higher price or in hopes of breaking even after the dump. I see less and less of development and infrastructure into existing coins, because the real money is made by developers in pumping and dumping the latest new coin.  

[TaunSew]

So its about buying at the beginning and dumping after so the late investors are the bad holders? Thats about right, sounds like the state of the altcoin markets today.

I haven't kept track of NXT that closely, but it's still going strong. I'm not so sure I'd call any current NXT investor a bag holder. Their IPO and limited distribution is what people tend to bring up as a negative for it... probably holds it back some.

Well for all the people who whine about NXT - nobody has yet to come forward and said they actually lost money from it, not one person as far as I know.  I bought most of my NXT around 2 to 3 cents I think and already sold off one entire wallet.  NXT also rebounded in like May / June of 2014, so that was the time for any "bagholder" to sell off if they wanted to.

If a bagholder was in a coma - last I check NXT still has active development and some hype buying will probably push it back to 7 cents again.