Hey /biz/ I heard about this Ethereum stuff and it sounded pretty good so a couple of days ago I convinced my mum to put her retirement money in ETH. It was going up really fast so last night I bought 11,000ETH at 0.018BTC now the price is 0.014 when i looked this morning.
Was wondering when you think it's going to go back up?
hold. if you really bought that many. HOLD. do not touch it. you should really put in in a paper/cold wallet offline. in a few years, hell, even by summertime you could be a millionaire. if it ever reaches btc peak prices or surpasses (which some think can happen) you are set for life
no...you have enough. just sit tight. there are a lot of developmental phases still to come in the ethereum project...the release of homestead, metropolis, serenity. every time a phase is reached the price will probably surge and stabilize. the chinese are also getting ready to come aboard so the price should increase from them too. you bought in at a good time. we are still in the pre-phases or beta stages of this project. price could easily hit $50/eth by summer. in a few years, who knows. also, cashing out in the future will be easier. there will be ETH debit cards and more exchanges etc
Fuck man if this is true I'm very jealous. I'm still waiting on my measly $500 to clear on a btc exchange so I can turn it into eth. If I can even snatch up 250 eth before it really takes off I'll feel good, but if I had a couple thousand...