Why havent you invested in glorious computer money "EFEREUM". Yet?
Do you hate money? Do you want to die a poor penniless nocoiner?
No it's not. It's going to be much bigger than bitcoin ever was.
The market cap is only just over $300million and by the end of the year it will be over a billion if not a lot more.
Notice how i said "a lot" instead of "alot" I spell correctly because I am not a retard and you should listen to what I'm telling you.
Due to speculation.
Not without good reason though. The usecases of ethereum are many, and it is far easier to develop on than bitcoin.
Also, there are signs that banks will be using ethereum software, via consensys, an ethereum startup, to create their own permissioned interbank ledger sytem which would mean frictionless transfer of assets from bank ledger to public ethereum blockchain and vice versa.
All it takes is for a single one of the many distributed applications being developed on ethereum to become popular to take ether market cap to the tens of billions
If I had 5k to my name I would buy 1 or 2 grands worth.
If I had 5K to speculate with, I'd put it all in to the one thing I know will pay off hugely and that is Ethereum.
I did not buy Ethereum on hype. I bought it when it was totally unknown because I liked the ideas and I had a feeling the development team knew their shit.
If it reaches the same market cap as bitcoin which it could easily do within a year or two, the value of each ETH would be close to $100.
And Ethereum has a strong likelyhood of becoming much much bigger than bitcoin due to it's much wider range of functions and ease of application
Personally i have no intention of selling any ether for at least 18 months. In 18 months I will be able to judge if the project is likely to succeed or fail. Right now it's only just getting started.
Selling now would be like playing deal or no deal and accepting the bankers offer when the first box is opened.
>ease of application
Still waiting on an online wallet.
Nevertheless, it's strong support and financial backing into it's ecosystem is the only thing that's got my attention. Also, as another anon mentioned in another thread: great ideas aren't inherently successful.
Not much. I invested a couple of bitcoins in the presale stage and I paid for a year mining contract when the price was $0.8
By the way, if anyone wants a way to lock in cheap ether supply for an entire year at todays prices no matter the price in the future you can buy a mining contract from 'genesis mining'
I feel honour bound to promote that company since they are now mining ether for me at a massive loss
And it's probably the cheapest way for a non technical person to obtain ether
There are already many many clever developers applying ethereum to real world applications in interesting and potentially highly profitable ways.
These dapps could outcompete the entire glut of sharing economy apps and steal their market share of 10's of billions.
Decentralised airbnb, decentralised uber. Etc. It would outcompete them by being much More profitable for the provider and cheaper for the user.
Thats a paper about the problems with bitcoin and existing cryptoeconomic systems
It shows that the ethereum developers are solving these problems step by step.
Ethereum is still in development but they have solved wuite a number of these issues and will continue on that front.
Ethereum is serious computer science not some copy and paste shitcoin my friend.
>it's a list of all the problems ethereum intends to fix and have been fixing or have completely fixed and eliminated
Was proving why ethereum is going to the moon part of your plan?
Oh dear. In that case you can go for X11 mining and convert to bitcoin and then buy ether.
They probably making more money mining ether themselves right now, either that or they have run out of ether mining capacity.
fuck i was about to buy a 1 year contract to mine ethereum and genesis is sold out....this no coiner life hurts.
I remember when i walked away from buying bitcoin @ 30 a coin man was i choked when it hit a $1000.
>still waiting for kraken to verify
Anyone willing to part with a few eth?
once im up and tier 3 , ill repay the favor to other anons in a few months
Well, get an online bitcoin wallet at blockchain.info.
Then buy bitcoin using local bitcoins (good site with escrow built in)
Then (if you are not a NY resident) use shapeshift.io to exchange bitcoin for ETH.
I think it will be growing for months. I would only begin consider shorting if it hits $60, and would only enter a trade if it reaches $150.
For now I will buy a little and see what happens since it's so cheap.
If it grows but doesn't even break the $20s I won't do anything.
>having to mention grammar
>being this elitist
>being this condescending
Not the fan of that kind of salesmanship. Callin it out because I'm pretty pissed at all of the pointless shilling and huge amounts of misinformation on this board
That aside , how would ether benefit me in terms of the financial aspects? Wh mni buy shit on eBay and Amazon payment takes a a few mouse clicks , it's just the physical logistics that makes me wait for ever for my shipments
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, can someone please breakdown a step by step on how to actually buy Ether. Thank you.
The biggest player, IBM pulled out of this gay meme made by autistic devs who can't even explain what it is. The shills understand just enough about it to make it sound attractive and no more. They don't know what they're shilling, Bitcoin was more straightforward and never took off, you think this clusterfuck which is a year old with not even a wallet will ever do anything? God am I happy I decided not to buy. Dump your ETH now and go make some big boy real investments, not nonsensical bullshit peddled by retards.
>Sour grapes as ETH soars to double figures and beyond
You were glad you didn't buy when it was $1, you were glad you didn't buy when it was $2, you were glad you didn't buy when it was $3. Now the price is $4.20 and you are STILL glad you didn't buy! Will you be glad you didn't buy when it's $20? $100?
Yeah its just going to keep going up and up isn't it. It'll be Bitcoin lite, it may go up, but then just slowly burn out like Bitcoin did. Being remembered as just a social experiment.
Daily reminder that ETH was premined the fuck out of and the devs will make much money off your incompetence and naivety while blaming the eventual failure on some legal shit or lack of backing.
>"Aw dear, oh well guys its a shame we couldn't make it happen thanks for your support"
>HOLY SHIT WE'RE MULTIMILLIONAIRES THESE FAGS FELL FOR IT
What the fuck are you talking about? You're too scared to even address anything about ETH, evidently. Thanks for truly verifying that the shills don't even understand the thing that they're shilling.
ETH is kill.
While there's certainly arguments against investing in ETH, this is not one of them lol. IBM pulling out is interesting though.
>The versatility of the blockchain model was demonstrated by IBM itself earlier this year, when it announced its unrelated ADEPT program: Autonomous Decentralized Peer-to-Peer Telemetry.
Article from Sep 17th 2015. They're developing it. ETH is kill. ETH's devs are nothing next to IBM.
Its not supposed to be a cryptocurrency for kids to trade back and forth. You best believe that big business will favor this over fucking Ethereum.
IBM have basically taken a mix of concepts and turned it corporate-friendly, corporate support is the only thing that matters. IBM has its expertise and its name to its advantage, what does the Ethereum project have? A handful of unknown devs who can't even explain what it is who also changed their mind halfway through about what Ethereum even WAS and a few thousand neckbeards on the internet.
Uhuh and there are a million conpanies in this "corporate ledger" space. What makes you think microsoft or google will adopt IBMs centralised shitpile?
Far more likely that ethereum being the only player in the game with a proven tested programmable blockchain in the real world right now will begin to set industry standards as they are doing so already.
They don't have to, they can make their own. My point is that big tech business will never buy into ETH because why would they? They have the resources to make their own. Without the backing and the capital investment of big business to prop it up ETH will flop harder than your dick after your grandma jerks your boner.
The Ethereum project did indeed prove the concept, they did the hard work for free and now, big business will reap the benefits and mold it for themselves.
Learn from past events. Bitcoin did not live up to what it said it would have. This technology that Ethereum has developed will just be stolen and adapted by big business. You personally aren't what matters for the life of blockchain technology, big money matters, long term interest from big companies.
Even if I liked ETH I can't deny it'll get crushed by IBM. Ethereum wanted to create something that would upset many establishments, it never flies. Instead the establishment take the idea. It happens with tech all the time.
Did you even read the first line in the article?
>"IBM has announced that it will soon release its own, open source version of blockchain software"
IBM have released many open source projects before this wouldn't be the first.
So what's Ethereum's advantage now?
It's something small businesses care about, which is enough to drive up the value of ETH. Nevertheless, I believe I read something regarding MS' interest in ETH.
There's room for two decentralized blockchains. But you have prompted my interest in IBM's project. Looking forward to hear more about it, and will likely invest in both ETH and IBM.
Ethereum has myriad applications beyond being some sort of tool of other big businesses.
It doesn't really shake my confidence in ethereum.
To grow bigger than bitcoin, IBMs participation is not nessesary at all.
People are building killer apps on the ethereum platform right now.
it has no current competitors.
>I-"Watson is the future"-B-fucking-M
the crunch that is happening this year is going to decimate them and they're stupid money sink of a toy watson will be the thing that puts the nail in the coffin what with all it's NO REVENUE
IBM is a has been company
50 ether says they close down their own crypto currency projects by July from activist investor pressure for them to stop trying to be google with their "moonshots" and go back to running a stable bluechip that makes money.
they'll do it too, not a single energy, oil or commodity company are bluechips anymore, tech hedge fund hotels like IBM are all the institutional investors have right now
fukken short IBM, based Vitalek's gonna rape 'em
i got a chart but forgot i had one before i posted and took a pic out of my shitpost folder before i remembered i had a chart lol
How cheap was it when you bought?
Unless I'm missing something... the cheapest it's ever been is 0.0015 BTC.
It's currently at 0.0115.
So, best case scenario is that you're about +700%.
just bought bitcoin from coinbase, they're apparently in my wallet but will arrive in 5 days. Can someone briefly explain this to me? Also, can I go ahead and convert this to eth now? Or will I have to wait five days?
Security reasons. Making transactions to his account would reveal my address to anyone on 4chan that cared to look. The NSA could then try and crack my password. Im super duper paranoid
100 ETH and ill post nudes and a girls facebook that goes with them.
How long does shapeshift take guys? Starting to get nervous here....
Shit is about to go down in the Bitcoin world. Since the core developers are complete fucking autists, there'll be at least one faction that will be entirely pissed off. I think most will jump on ETH. Toss in the Chinese here in the next week and I think it'll take off right before the difficulty spikes and it will get a few separate boosts one right after the other.
Then I'm dumping and living the nocoiner life.
When trading BTC/ETH send the bitcoins to their official direct wallet which is 15NmxdqAAvhhaBtFBwpZZhKZ6hunm1YSnt
Should work alot faster
Posting a comfy (maybe inspirational) pic as thanks.
I did just speculate and gamble 1400 on buying 300 or something eths. Will just set a sell order for 2x the money and leave it. I'm pretty sure there will be lots of shilling in the future for this crypto and sooner or later it will raise to 2x and I will double my money.
I generated a paper wallet yesterday (I'm this guy >>1088094), but I can't figure out how to check my ether balance? Where do I go to do this?
I am going to invest 500 bucks in ether today but I need to know where I can see my balance first.
lol, that is where most people fail.
If you made profit, you didn't make a mistake by default. Buy low sell high. Not buy and hold and keep holding until it all crashes to shit and then you cry crocodile tears. Nobody can tell the top except whomever hoarded the most coins and is pump dumping.
Can someone explain to me how ETH is supposed to usurp BTC as the main crypto currency?
All I keep hearing are buzzwords. And from what I understand ETH is used mainly as a programming platform for smart contracts, so it really is more of a niche coin like namecoin which may be useful but never become as popular as the main cryptocurrency.
Looool keep fudding while you get poorer. Everyones leaving bitcoin like rats off a sinking ship and shittons of new money is flooding into ETH. Get with the times or stay poor.
Bitcoin maximalists = the nocoiners of 2016
I already have over $400 in ETH, and I have a stop-limit order so I don't lose my profit.
But I don't see this as getting bigger than bitcoin. At best, it will just be another niche coin.
There's so much functionality built in to the protocol. The only way this doesn't eventually take off is if someone else beats them to it and gets adopted more widely. Bitcoin is a flip phone and Ethereum is a Nexus 6p. Ethereum's structure is built so that bloated transactions cost more money to execute. You are compelled to be efficient when executing contracts and transfers because it costs you less money to do so. Bitcoin has become bloated with no such checks.
Also, no other crypto besides Bitcoin and Ethereum are even on the radar. Look up the volume and market caps of all the altcoins. Ethereum is the only one making a dent. Just wait until China gets in on this rocket.
Sure. Heard of Satoshi Nakamoto? That's actually Nick Szabo. It's p well known by people closely involved in Ethereum world (who btw are geniuses)
See the second answer. Here he is giving a talk at Ethereum's last dev conference:
Keep in mind that this guy is unofficially working on an Ethereum project and Consensys is in talks with all the major banks/regulatory bodies/other institutions trying to promote Ethereum.
Any smart person will think this needs more exploring. Do the rest on your own. I just gave you Willy Wonka's golden ticket :^)
Szabo was the guy who invented the concept of smart contracts
Szabo IS satoshi. Bitcoin was an experiment between Szabo, Hal finney and Wei dai.
Wei dai invented hash cash, hal finney was the first person to ever recieve a bitcoin transaction. It was sent from...his programming buddy Nick Szabo aka satoshi nakamoto
I present to you the face of satoshi nakamoto
I actually spoke with the IBM guy that's been quoted as evidence of them pulling out.
They're experimenting with their own blockchain technology right now. They aren't ruling Ethereum out. The major concern that the guy cited was confidentiality concerns that IBM's clients had which seems like a valid concern from now. He seemed pretty smart and basically was hinting that they'll come around to being okay with more transparency in their businesses.
That's implying china even wants to get in this shitty coin.
>inb4 no coiner
I have bitcoin and have converted some bitcoin to ETH but ETH is just another shitty pump and dump coin. Just waiting for the selloff and to reap my profits.
Hehe. Vitalik is a GP of that fund i.e. that 50 million USD from China's largest auto group is really meant for Ethereum. It hasn't even begun, though. Devcon2 is going to take place in China this year and then you'll start to see the billion dollar flows moving into the space. It's going to be glorious.
I don't know anything about coins. These meme coins that get shill here have the same cycle. Dogecoin, litcoin, etc.
>inb4 B-but THIS ONE IS DIFFERENT
literally all other coin said the same thing before the sell off.
Like I said, I hope I'm wrong since I make more money that way but don't be delusional that coins will go to go the moon.
I know the principles of crypto, but why is keeping my money in a brainwallet a bad idea for ether? Isnt it the best of all worlds with no transfer fees and me being the only person who can acces it?
Cool. Well you clearly don't cus you invested in something which you don't even know the implications of. You will sell too early at the next sign of a price decline and it will be a familiar story to all as we shake out the weak hands and head up in to the stratosphere.
Good luck nigger enjoy your spare change when you sell within a week.
and i know how they are vulnerable to attacks, and that you should generate it on a permanently offline PC, and that the usual password bogus doesnt apply, since you need as many bits of entropy as possible for the sha 256 hash...
also calling people noobs is a meme reserved to MW2 and such
OK, you've sold me.
The world economy is going to collapse. There's nothing we can do to stop it. We're all facing ruin starvation and poverty.
I'm ready to buy ETH.
How much ETH can I get for all these bottles of urine I've collected over the years?
I am currently in the same situation as you.
I have no idea what I am doing but I just created a Kraken Account and I am abotu to verify it, I was also thinking about investing around 200€, maybe a bit less for a start.
I wish we could partner up or something, its always reassuring with this kind of deals.
ETH trading will only take up a tiny amount of XBT trading, i doubt it will directly affect it. Also msot people buy BTC then trade it for something else, the supply doesn't go down.
MOOT, it increases supply and demand equally.
Its bad when big name companies "accept" btc but cash out 95% of it immediately to protect their bottom line because its taking coins from bagholders / hoarders and puts them back on the market regardless of price
What the fuck is wrong with you people? Can't you at least shill one thing per month? What the tapdancing Christ is DCR, I don't even care. Just all of you fuck off with your cyber monopoly money shilling.
>down another 3% in the last couple hours
Good call eth shill #26783. I'm guessing you weren't smart enough to see the dump coming and are now going to have to ask your mom for extra allowance to pay for your wow account.
Im happy to see the market drop 20% it's fully over heated. No one should be buying ETH over $5 right now.
And I'm the biggest ETH shill there ever was everyone needs to chill the fuck out I think.
Thats why ive been making really hopeless dumpy sounding troll threads to batter down peoples excitement for the past day or so. You may be noticing the change of mood here.
$5 right now is a fair price considering the potential.
I am a large ETH holder myself. $5 is not a price I would consider selling at. but it is a price people might like to buy at. I want the coins to naturally transfer from the hands of greedy traders to future long term hodlers and people who will actually use Ethereum for what it was meant for.
this kind of frothy market attracts noobs and scammers. Panic is never good and what we've been seeing is panic buying. Already read about one noob on here losing his coins because he didn't understand how myetherwallet worked.
I don't think we will see that sort of price ever again. 0.011 is the floor as far as I can see. BTC will begin to correct soon as more people get back into ETH when news hits in the next week.
Why do new investors always gravitate towards the riskiest, crappiest investments? You should stick to mutual funds until you figure out what the hell a risk/reward ratio is and then understand why it doesn't apply for shitcoins.
Buy eth now before you end up bagholding worthless btc on behalf of chinese miners who owe their investors millions of dollars in fiat.
Miners will be forced to sell soon to cover their investors and their price propping will come to an end.
Don't baghold bitcoins for chinese miners and greedy businesspeople.
I don't even understand what the fuck it is, and from a little reading I don't seem to be alone in that.
How is this going to replace the world wide web? If this took off I'd need to spend ether to browse 4chan, or use a phone app? If that's the case how are people excited to speculate on ether when the entire concept seems to depend on ether being plentifully available to everyone?
Your talking about IOT and attention economy. Basically how that would work is you would get paid to look at ads, and you would get paid for the posts you write and the amount of people who look at them or upboat them.
Obviously if you just leach you would have to pay.
So you would get paid for (You)s
It basically uses similar blockchain tech as Bitcoin, except the blockchain can be used to create "decentralized" programs, which essentially means that after the programs have been created, no human being can interfere with it or hack it or whatever - just thousands of PC's from all over the world "confirming" the actions taking place. That's the best explanation i can give you from a limited understanding i have of it myself.
Ah, yeah, I forgot about the revenue aspect that comes with its useage. Still, how is that better than regular internet? I take it the ISPs will still be charging us in this grand future? So we'll pay for our internet and then we'll pay for our ether, or maybe earn it. Unless the average joe can make a surplus by just browsing the web and normal shit I don't see the incentive. And if everyone can earn a good income from that shit then that just doesn't seem realistic.