Last Chance to hop in on Ethereum, boys.
Next stop is the moon.
Imagine how it'll feel to have made millions effortlessly with all your /biz/ bros
>how much do I need to put in per million to get out?
I have no idea. But you're looking at a reasonable 150% return on your money in near future.
I honestly couldn't say. But judging from the absolutely massive long term impact the stuff has, I wouldn't rule much out.
When finally launched, Ethereum will allow for a more user friendly version of the dark net- perfectly anonymous and essentially immune to oversight. Quite likely legal too.
>Tfw spending years shitposting on a Malaysian dress embroidery forum will finally make you richer than your wagecuck friends
I'm actually new to the board. Just have been doing a fuckload of research into the stuff lately.
This is more than Bitcoin 2.0. It's gonna be big.
And nothing would make me happier than for my fellow outcasts to get rich too.
So just keep it in 1 thread.
There's more than 5 threads about ethereum, is it really necessary?
>This is more than Bitcoin 2.0. It's gonna be big.
Yeah yeah.PND and DOGE already got big amirite?
All other *coins were literally memes, especially DOGE of course. Bitcoin and Ethereum are the only things that matter. Bitcoin is still rather high in value despite silk road being gone, there is still trust in the technology, I have seen lately that ETH is the next step of the evolution. I've been very wary about putting money in it. After research it shows itself to be a potentially massive thing, but only if the autistic developers can even fucking market it properly.
>Imagine how it'll feel to have made millions effortlessly with all your /biz/ bros
>tfw can't buy in yet because still waiting on btc exchange bank verification
this is the worst feel
Off the top of my head, its something like;
Bitcoin uses really large block sizes or something. And the developers refuse to admit its a problem and fix it.
It's gotten so bad that Bitcoin has terrible congestion, and transactions can now take over a day to process.
Market keeps going down, people panic sell, but are mostly late.
Want to 'make up for' losses.
Hear about eth, see bitcoin 2.0 hypetrain, pump cash into eth,
What happens then?
I know its probably shit logic, but then again im a shit poster
Here this, ether was the first mega pump dump
it will correct back to 300k satoshi
I'm poor as fuck, got about a 100 bucks in college money invested, can I still get in more in about 2 weeks?
>All other *coins were literally memes, especially DOGE
Dogecoin will be the Silver to whatever the fuck ETH is.
Due to it's fair distribution and large user base and stats confirming that it is the only altcoin that seems to be used as an actual currency.
LTC confirmed for boring and death a long time ago.
Ripple confirmed for Botnet.
Dash confirmed for shady instamine.
look up "GAS" in relation to ether
just google "What is Ether Gas and what is it for?"
and then you'll understand what ether is and what all the hype is about spoiler: [spoiler]Ether is really a distributed crypto database that anyone can use to run a crypto based application/alternative currency/contract[/spoiler]
Waiting to get verified on Kraken to buy ether. May take 48 hours.
What if I miss the boat?
Plenty of normies are far behind you.
If you've been on /biz/ you are ahead of the information curve of even people that subscribe to r/bitcoin. Because talk of ethereum is censored on r/bitcoin and bitcointalk
When those faggots realise they've been kept in the dark they will be mad
ether isn't even off the ground, we're making meme profits with pump and dump
you think bitcoin has hit the moon?
it hasn't, but it never will because it's a busted rocket without the engines to get there
You still have plenty of time to get in before exchanges do straight real world currency trades instead of this USD>BTC>ETH shit
You still have plenty of time to get in before china finds out.
You still have plenty of time until ether is being shilled on mainstream business news channels like bitcoin was
You still have plenty of time before financial institutions use ether to handle internal transactions
You still have plenty of time before financial institutions use ether to handle external transactions
All you're missing out on is the January - March 2016 meme pump and dump.
Don't sell, hold atleast until the end of march retards.
>source on that
>Eleven major banks, including Barclays (BARC.L), UBS (UBSG.VX) and HSBC (HSBA.L), said on Wednesday they had tested a system that could make trading much faster and cheaper, using the technology that underpins crypto-currency bitcoin.
>The 11 banks in the simulation, operating across four continents, each used their own computer, or "node", and transferred "Ether" to each other - Ethereum's equivalent of bitcoin, R3 said.
>They were able to settle the transactions almost instantaneously, it added. That compares to settlement times of days or even weeks, depending on the asset class, under the current systems used by banks.
here's one that's merging bitcoin and ether for contactless payments
ok now go to https://www.ethereum.org/
and scroll the fuck down until you get to the point where the webpage looks like my pic related and start doing you're own fucking research
I hate hearing this question. Think of returns in %s, not dollar values.
Honestly, but in like a grand to start and could very likely double it. Everyone here is raving about it hitting $100/eth, but I think a more conservative estimate is $15. So as of now, you could double (and a bit) your investment, whatever you're willing to risk.
Posting this so I'm not repeating myself:
Idiot’s guide to buying ETH
Create ETH paper wallet at: myetherwallet.com (Also a BTC wallet at blockchain.info if you haven’t already)
Quick Way (Short-term)
1. Purchase BTC/XBT at QuickBT (Canada) or WeSellCrypto.com
2. Convert BTC/XBT to ETH at shapeshift.io, send to ETH wallet
Slow Way (Long-term)
1. Create Kraken account, depending if you wish to fund the trading account with USD/CAD, submit all necessary info for Tier 3 account. Verification (Tier 3) takes a few days, unfortunately.
2. If you have any BTC/XBT, deposit into Kraken account and start trading ETH.
3. Do not get into the habit of using Kraken as a crypto-wallet, any ETH you wish to hold should be moved into the wallet.
I advise signing up for Kraken sooner than later (Tier 3), verification takes a few days and with influx of sign ups may take longer. There's still potential for profit to be made before news hits the normies. Anyways, good luck everyone, etc etc
Also, throw me some BTC donations:
Mommy told me buying at top is dumb.
How is ETH better than BTC
And how is BTC better than ETH
Explain objectively with no shilling
BTC is good right now because it is pretty much anonymous and you can buy bad stuff with it. That is where intrinsic value comes from.
Ether is really a distributed crypto database that anyone can use to run a crypto based application/alternative currency/contract
If bitcoin is gold
then ether is crude oil
Bitcoin is a way to store and transfer value.
Ether can store and transfer value but it is also the fuel for other crypto based applications, currencies and smart contracts. You can use ether to setup crypto bonds, crypto derivatives, crypto stock issuances, crypto insurance and basically any other crypto financial instrument you can come up with. And they get processed on the ether mining network.
Reiterating that good ideas aren't inherently successful. BTC is still far and away the premiere coin. Barring catastrophic failure, there is no reason to expect that to change. ETH also still has all the same issues in adaptability as every other coin, so its nothing but speculative for the foreseeable future. What are you gonna do when someone makes a coin improving on ETH? Dump and move on. That's why ETH isn't happening. Also for anyone paying attention its obvious ETH has a pretty strong shill network, which in itself is more than enough reason to stay away. ETH supporters just combat any critisim with jargon and refuse to address real issues with the currency.
For BTC you can buy guns, drugs, CP and all other bullshit and it is pretty much anonymous if you are not dumb.
Can you buy that stuff with ETH?
No you can't.
So how is ETH actually better?
What can I physically do with ETH that I cannot do with other things and what people are actually doing?
>nvm i want you to stay out of it now and live with your eternal regret
These are emotional trigger words that you are using and are counteracting a sound investment policy.
Appealing to emotions is scammiest shilling method you can use. Please be more constructive.
There aren't any developed applications for Etherium. How is this coin going to work in the real world? We haven't seen a coin that has accomplished anything meaningful or managed to break into the mainstream yet. Despite ETH's technological advancements over BTC, at this point betting that it is going to take off is just speculative garbage.
By the time it does, the 'speculators' will be the ones who have made all the profit. Profit that could have been yours had you speculated on ethereums success. Success that you would know to be quite likely if you just took the time to read the recent news and look into the mechanics of the development work and the ecosystem.
no i've actually given up
i literally don't want you investing in this
i've also realised the power of anti-pumping so i can get in more for a bigger pop for the real pump for when the chinese and normies get in
>i want a sure thing
>here i know i'll wait until it's completely reached market maturity and everyone has gotten into it
you're a genius dude you're gonna be so fucking rich, everyone knows the laggards are the ones to make it to the moon
If BTC falls and you have BTC at the time, you lose money.
If ETH falls and you have ETH at the time, you lose money.
If ETH falls and you have BTC, you incur no losses, and now have ability to buy more ETH is desired.
If you have ETH (gone up 5%), and want BTC (gone down 5%), you can buy more BTC.
This is trading 101, man.
Value vs the dollar (or whatever currency you pay real bills in) dumbass. If you buy btc at 350 and trade for ether at 3.50 lets say. And then bitcoin goes down too 300. You still have 350 us dollars worth of ethereum
the question was if I want to sell it back. If I bought BTC with USD, say 300$, then bought 300$ worth of ETH with BTC and my ETH valued money rises to 350$, while my BTC valued money falls to 250$, this would nullify any gains I would've made right? Because I still have to do all the trading through BTC eventually
No, this would not nullify gains, depending on if you're trading ETH/USD or ETH/BTC. If you trade using the former (ETH/USD), you have no unrealized losses.
If you're holding ETH at the time BTC falls, then it still doesn't matter as ETH (being worth more) can buy you more BTC (especially since now BTC is worth less).
As another anon said, value vs the dollar.
Ether in that case would be worth more dollars than btc.
Bitcoin collapsing would be a seperate issue and could cause the ether price to go up or down. In any case it would be a volatile time.
>i literally don't want you investing in this
Another popular trick used here. The thing "no, I actually don't want you". Please, don't just shill harder and provide objective statements.
>We haven't seen a coin that has accomplished anything meaningful or managed to break into the mainstream yet
Bitcoin went mainstream.
Everyone relatively intelligent knows about it pretty much.
It just isn't used.
I see where my mistake I think I got it now.
What would happen though if the ETH to BTC exchange rate would get really high and nobody would demand bitcoin anymore? like what if 1 ETH would be worth 1000 BTC, but nobody's buying them anymore because they've been overtaken by ETH?
No. The reason people are excited about this crypto is because it is not a pump and dump coin. It has a solid development roadmap and has some of the finest minds in computer science working on it.
It won't drop that much. Growth may slow but I foresee steady growth in waves all year.
This novembers Devcon2 conference in China will be a milestone and could cause another huge january pump like this year. And by then we will have more than a few working DAPPS
Ethereum noob here. I'm interested in buying some Ether, about $300 worth. I understand that I have to get some BTC first, but I'm also interested in mining some.
I have a Radeon r290 GPU, is this a good enough card to mine Ether? I've never mined crypto before so I'm unsure of the desired specs. Also, I don't have a dedicated mining machine, I was just planning on using my personal computer. Is this stupid?
$300 is roughly 1700 Ether at this point, but it's getting more expensive day by day. Should I buy now? Will this shit really take off? How much of a return on investment am I looking at here?
I have been doing substantial reading on ethereum. I understand the theory and the top level ways of obtaining ether (mine or buy with bit coin). I am not interested in mining like the guy above- can someone please breakdown a step by step on how to actually buy Ether. Thanks
I think it might even continue to rise in around six hours time. So your best bet is to investigate the fastest way to obtain BTC (localbitcoins takes about an hour depending on the sellers) and then use shapeshift.io to buy ETH as soon as possible.
That's a lot of people selling for something that it supposed to be THE shit to have...
>The average working parent knows what Ethereum is!
The average American wagekek parent doesn't even know what cryptography is never mind fucking Bitcoin or obscure ETH.
Fucking hang yourself with your delusions.
>Everyone knows about Bitcoin.
This is the kind of shit you spout when you don't have a job or interact with anyone outside your house. I'm sorry, the internet isn't real life. Maybe the forums you visit do but you can bet your bottom autismbuck that less than 5% of the GENERAL POPULATION know what a Bitcoin is.
you guys remember a while ago when BTC was 300 cadbucks n all the faggots were saying naaah its gonna plummet ? well what the fuck, i could have made 20 grand if i bought 30 grand worth of BTC, FUCK.
/biz/NITCHES can reeeeaally screw you up.
Alright so if I want to invest $300 in ether that gives me roughly 60eth (at today's price). Is that a worthwhile investment? I don't really have any more than that to invest right now, but I start a new job next week where I'll actually begin making some better money. Should I buy now and buy some more once I have more cash to throw around?
Can someone say with confidence how far this shit will go up? I mean, BTC capped at around $1000, will we see the same from Ethereum?
Stop shaking over your shekels and put them to a good use by investing into the future. Get in now or be BTFO later.
Alright well I'm thinking about sinking anywhere between $300-800 on ether, and also looking into mining it as well. I feel like I missed my chance to make some /bigbucks/ because I only learned about Ethereum a few days ago, but if a few hundred bucks turns into a few hundred thousand...well I guess I won't mind.
Can you say why you think it will be bigger than BTC?
>a few hundred bucks turns into a few hundred thousand
Most Americans don't keep up with the news. For the record, bitcoin hasn't been in the news long.
You'd be surprised at how much stuff most people DONT KNOW.
I can go on a college campus with a picture of George Washington, ask 10 kids who he is, and I'll be surprised if more than 1 knows.
Average people are stupid as fuck- just look at all the people buying BTC and ETH!
A new report by the CSBS (Conference of State Bank Supervisors) and the Massachusetts Division of Banks suggests that Americans are still wary of bitcoin. Over half of respondents, or 51% have heard of either bitcoin or other virtual currency. Men, Whites and Hispanics were more likely to have heard of bitcoin compared to women or African-Americans. The ”knowledge gap” is also present when comparing incomes and education. Of those making over $100,000, 70% have heard of virtual currencies. A similar percentage of college students (67%) have heard of bitcoin.
ETH is a meme too, at the end of the day everything is going to gravitate around BTC and it's blockchain across sidechains. No other coin will ever be as solid, they would need a time machine so they exist for a longer period than BTC, and that's impossible. BTC will always have the record of the longest standing blockchain, the rest are wannabe chores.
Sidechains will make alts even more irrelevant, they remain a gambling casino to make more BTC, just like the people about to dump ETH are going to do.
See even the news doesn't know enough about crypto to get the terms right.
Hearing of the word "bitcoin" is dofferent from having the slightest clue what it actually IS
>Blockchain consortium R3 CEV has announced its first distributed ledger experiment using Ethereum and Microsoft Azure's Blockchain as a Service, and involving 11 of its member banks.
>The R3-managed private peer-to-peer distributed ledger connected Barclays, BMO Financial Group, Credit Suisse, Commonwealth Bank of Australia, HSBC, Natixis, Royal Bank of Scotland, TD Bank, UBS, UniCredit and Wells Fargo.
>George Hallam, external relations director, Ethereum Foundation, said: "Here at the Ethereum Foundation we welcome demonstrations of the versatility and capability of the Ethereum platform and its underlying technology. R3 is significantly advancing the use case portfolio of Ethereum, and we are encouraged and excited by that.
>Brad Novak, chief technology officer for the Investment Bank at Barclays, said: "As we progress our evaluations of shared ledgers and smart contracts, we look forward to leveraging R3's lab environment for collaborative technology experiments.
>"Ethereum is a well-known open source technology in this space and we also look forward to collaborative experiments using other technologies."
Oh, so this is why there's so much shilling. The banksters are using ethereum to develop their own blockchain solutions to compete against bitcoin.
Wait, upon further research...
>We are not using the Ethereum public chain. We cloned/forked Ethereum and made a private instance of it. There will be other platforms that will be tested and announced in the future.
So they're just copying ethereum.
Yes an ethereum testnet.
If banks adopt ethereum as the underlying technology assets on the public chain will be trivial to exchange onto the permissioned bank ledger. Finally eliminating the fiat-crypto barrier that bitcoin suffered from
>Up to $5.30
THERE'S NO STOPPING THE ETHEREUM TRAIN WOO WOO ALL ABOARD NEXT STOP THE MOON
To the moon my niggas, hope you all make wonderfull profit.
ETHbro's right now VS the nocoiners who told us it would fail:
So I'm still waiting for more BTC to come through that I bought (stupid classic banking delays). When it clears should I wait for a dip in price of ETH? Is it difficult to time that type of thing?
You should spend at least half immediately to get your foot in the door. If you want to wait for a dip for the rest, you can, but it's not advised to try to play the market in crypto. Best strategy is to hold longterm.
I put $6400 into ETH at an average price of $2.35.
I'm planning on withdrawing my original investment when the price is at $15. Is that a good idea or should I wait 'til it goes higher than that?
It's not a stock and it is risky as all fuck. It could crash to 0 tomorrow due to a shitload of factors, you could get scammed by your exchange (like MtGox did with BTC) or you could just plain lose your wallet.
only had money to buy 5 ether, have to mine them now
but I am still going to be a millionaire, so it's alright
And bitcoin volume figure is mostly people using it to buy ETH.
Chinese bagholders confirmed for high and dry
Chinese miners confirmed for bust
Litecoin bagholders confirmed for suicide watch
Ripple confirmed for nipple
Soooo I need to await confirmation on sites before I can get bitcoin to buy ether. Meanwhile, could you gents send me a bit of ether to play around with? I am currently setting up everything. This is should be my wallet:
Cheers from a newbie
> dozens of other cryptocurrencies haven't become big before
> "but this one will be different!"
inb4 implications that Bitcoin is big
Guys, are the potential profits from investing in ether linear? Am I missing something? There is no such thing as interest that an exchange pays you for holding ether, right?
sry if dumb question
so it really doesn't matter wether I convince friends and family to put in 200$ each or not, right? there is no leverage potential unless i screw participants (and rob them of their profit share) ?
was thinking of buying 300$, got quite a few people to put in some money too but doing the math i realize it doesn't make a difference to the total profits per individual.
It's the official wallet from the people working on Ethereum. Once you start it up, it'll start downloading the entire blockchain, which takes like half a day or more, but after that, on future sessions, you'll only need to dl the blocks since your last session, which is quick.
It's safest place to put your ETH, but the current version is not quite as safe as the Homestead version will be, so I don't recommend putting more than 2/3 of your ether on it.
No. Not really. The only benefit is obviously with smaller amounts of butcoin you would be buying the premium might be higher but it's not so much to worry about.
Also you need to actually read about what youre investing into. You need to learn a whole shitload about cryptocurrency or you will be food for sharks. Good luck faggot
I'm curious of something. bitcoin is a deflationary currency, as there is a finite amount of coins that can be in existence. Ethereum doesn't seem to follow this same principle, and really it doesn't seem to be a currency in the traditional sense, they're tokens that are used to complete a certain unit of computation.
It seems to me, that because of this, it wouldn't be able to hit the market highs that bitcoin was able to, because if the tokens are too expensive, no real work can be done. But I have a very limited understanding of all of this. Perhaps you can share your perspective on this with me?
Its shit though, you need to tell people to use shapeshift as it's much simpler
For eurofaggots kraken accepts EUR- ETH pair so you dont need BTC
If you shill on other boards expect to get banned. Also don't make a fool of us. Dont try and shill something you don't understand or some nocoiner will stump you in an argument and no one will invest in something that looks weak.
Leave the shilling to the experts like moi
It is disinflationary. Trending down to an eventual sum of 220 million ETH in 200 years time.
Inside the ethereum protocol, ether is geared down using an object called 'gas' which is set by a market consensus of all the nodes. This keeps the price of computation on ethereum steady as ether price fluctuates.
Kind of like changing gears on a bicycle to go uphill.
I have my ETH at poloniex, is that bad long term? Should i make a brain/paper wallet or try and get the entire ethereum client running on my machine? or is there something obviously simple about ether wallets that im missing?
Make a paper wallet, make three copies of it and write the password down somewhere and then hide the three copies in three seperate locations. Then never lose your password.
Tattoo it to your daughters back like waterworld.
Most are off work until Feb 14 or so. When the Bitcoin miners get back that'll decide what client they'll use on Bitcoin and one faction will be pissed off. I'm thinking they'll stick with Core and not hardfork because Core has been doing some pretty stupid things to convince them to stay on their client (Blockstream benefits this and most of the central Core devs work for Blockstream). Either way someone will get mad. It's unavoidable at this point.
Polo just edged ahead, so they're basically the same size.
Kraken allows trades that Polo doesn't. For instance, you can sell ETH for USD and buy ETH with EUR.
Polo is a little cheaper on fees.
F U N D A M E N T A L S
S F U N D A M E N T A L
L S F U N D A M E N T A
A L S F U N D A M E N T
T A L S F U N D A M E N
N T A L S F U N D A M E
E N T A L S F U N D A M
M E N T A L S F U N D A
A M E N T A L S F U N D
D A M E N T A L S F U N
N D A M E N T A L S F U
U N D A M E N T A L S F
S I X
F I F T Y
Holy shit bros. It's happening. We're all gonna make it. WE'RE ALL GONNA MAKE IT
We (Haldeman Investings) are starting an Ether based Hedge fund.
Expected returns: Between 0.11% and 15% per month depending on the Ether price and asset performence.
Payouts will occur every 28th of the month. Payouts will be in Ethers only. We might add Bitcoin or other cryptocurrency payouts and funding in a later stage.
We are currently working on trying to develop smart contracts, expect this to be done around the time Homestead is released and stable.
Website with oublic monthly reports will also be created when funds are expanding large enough.
How it works:
Send an email to firstname.lastname@example.org
Include your name together with your ether wallet address and the amount that you send.
You will then receive monthly returnings according the amount that you have send together with any news regarding the status of the fund.
We will compare the funds received from your address to the address and the amount claimed in the email.
If you have send funds from a differents address then you are receiving from, please state so in the email.
You can ask for us to give back your investment any time, unless the amount of returns gained exceeds your investment or your investment is less then 1 dollar worth of ethers.
We will return 85% of your investment.
Current assets include:
BAE Systems. - Defence, security, and aerospace.
Curtiss-Wright. - Commercial and defence aerospace.
WESCO International, Inc. - Electronics.
Air Liquide S.A. - Medical and industrial gases.
MSC Industrial Direct Co, Inc. - Industrial equipment.
Church & Dwight Co, Inc. - Household products.
IDEX Corporation. - Engineering and industrial technology.
Landstar System, Inc. - Logistics