Come on, you know this is going to plummet and not recover, on to the next pump n dump.
the dump lets you get in cheap
the pump generates hype and spreads knowledge
don't know why people act surprised when the currency equivalent of a penny stock moves in wild swings
It's easier to rock a row boat than an ocean liner
seems like you just hate crypto altogether.
c'mon tell us, what shitcoin are you bagholding?
>seems like you just hate crypto altogether.
nah i love cryptos, blockchain tech is gonna be huge.
i only hold like $600 worth, but spread over something like 110 different coins, my main holdings are XMR, SDC, LTC, NMC, PPC, BCN, VPN. i have a few ETH, but i paid current price not long after release, and imma buy more when it plummets to around 300-400k satos
the value of my holdings has been steady since 2013, even though i've cashed out hundreds from a mere $600 worth. all altcoins are shitcoins, who cares, still makes me money. i dunno why you think ETH is any different, it's just the latest hype, give it 6 months and it'll be something new
Yes a huge rise from an extremely small market cap. It's nothing but a few whales pumping. Trying to suck a few idiots in. It's only been rising since new traders have been drawn to polo by ETH. And it's only been rising a lot since ETH has been falling.
It's a mere blip. There is no development work on monero. It is a shitcoin that is mainly used on a single mmorpg game.
I agree that ETH is shit running on hype but I haven't paid enough attention to PnDs so far so I'm trying to figure out how this will play out.
Do you think an ETH dump will be bad for the price of btc and other alts like xmr?
Also why cash out when you could re-invest? And do you hold BTC?
>Eth is shit
says the monero bagholder
There's plenty of development work. See this post for details but honestly the development in XMR is exciting.
Or check it's developer ranking here
>bought again at $4.20
>sold when it peaked at $6.50
>see ETH starting to crash
>decide to fuck around with the other alt coins to try and make even more money
>lost all my extra earnings
>buy back in at $4.50
Sort of broke even.
let that be a lesson to you, always hold ETH.
let the other coins pump dump and manipulate their market caps all they like. What really matters is the business and technology connections that make Ethereum leagues ahead of every other cryptocurrency bitcoin included
none of those things you said are happening though. The dev team has tonnes of money. not only from their own ETH stash which increased in value by 3X in the past month, but also from VC funding sources and from being the go to company for institutions looking to leverage blockchain tech.
Monero is a total insignificance. if you search for documentation or anything to do with monero it's just a bunch of half finished unvisited websites and a couple of bitcointalk circlejerk threads.
the devs are 3 or 4 neckbeards who don't have a clue, and your biggest whale is fucking risto pteila some ex silver bug who was committed to a mental asylum
From Wikipedia - Every contract is run on every full Ethereum node simultaneously and the result is the consensus of the output. The documentation notes that computation on the EVM is "very expensive" and that "you will not be able to do anything on the EVM that you cannot do on a smartphone from 1999."
Doing the same computation on hundreds or thousands of nodes is retarded. Blockchains are inefficient but the inefficiency is justifiable for something as important as money. BTC and XMR are money that can be used for whatever. Eth is valuable only because you have to use it to pay for the inefficient and mostly impractical and unnecessary contract computations.
look up what a smart contract is, and get back to me with reasons why ETH doesn't have to be built like that.
Ethereum is the logical conclusion of blockchain.
monero dinero is not money because it has a market cap about the size of The average Mcdonalds restaurants monthly takings and is accepted nowhere for nothing apart from inside a MMORPG game built by monero faggots to "increase adoption" that is falling flat.
How do you deal with the stress?
I've been daytrading leveraged ETH with 70% chance of success after I got pissed at making losses overnight because no trailing stop.
If I would do this as my dayjob I would get a heart attack. Jesus.
How much more do you think it's gonna fall? I wanna at least make some money by shorting.
>none of those things you said are happening
They are things that are going to happen. In the future duh.
It's still running on POW atm so of course nothings happening
>Program fuck ups
You probably won't see these until people start using ethereum for actual things besides speculation
I guess as long as they pump eth every once in a while they'll have enough
>holding anything but Bitcoin long term
Fucking lol. It was good dumping yet another useless alt for extra BTC. And just lol at not moving to MAID to benefit from the up and comming pump for even more BTC. Fools.
bitcoin was a saturday afternoon project senpai. it was knocked up as a proof of concept. ETH takes that concept to it's logical conclusion. Your FUD is not borne out by the facts. ETH is working perfectly. and is now second highest market cap coin. It's bigger than all the other coins combined
>Do you think an ETH dump will be bad for the price of btc and other alts like xmr?
i don't suppose it'll affect btc, but people will further lose faith in shitcoins, so yeah xmr could be hit. xmr though has massively too much hype around it and has done for years, for it to not have a couple of epic pumps left in it before it too keels over and dies. it still doesn't have a GUI wallet ffs, and given how long people have been waiting, when that's finally released, the pump should be epic.
i cash out because i need the money, lol. cryptos are just a hobby for me, but it's nice to know that while i hold like 600 bucks worth, i've cashed out more than that by daytrading, so even if every coin/asset i hold dies, it cost me nothing, having converted a fair chunk back into fiat.
and yeah i do hold btc. while i'm too scared to sell mine atm, i wouldn't buy at the current price desu. there's really no way of knowing which way btc is gonna go, i wouldn't be at all surprised to see it hit double-figures again against USD, but if it does rocket and i sold, i'd be suicidal. already lost out on £350,000 in 2013 by selling too early before the megapump to $1,250. not taking any risks with my precious few btc.
Bitcoin was built to be digital money that governments can't shut down. This is actually a pretty tough problem and bitcoin has been very successful so far.
The intended purpose of the Ethereum Project is to build and proliferate a decentralised and pseudonymous replacement for the World Wide Web: incentivized static content publication (Swarm), pseudonymous low-level messaging system (Whisper), trustless transactions (Ethereum) and an integrated user-interface (Mist).
Fucking nothing like bitcoin.
The actual logical conclusion to bitcoin is actually Monero. (probably not conclusion but next logical step)
>proper fungibility (important for money)
>different mining algorithm for more decentralization
>adaptive blocksize and a tail emmision solves a lot of the current bitcoin debate
>proper anonymity means people can trade drugs and do all the illegal stuff did with bitcoin but actually anonymously
I have long suspected that Linux people were commies waiting to happen, and the more I read about Bitcoin, the more I am convinced it is just some sort of commie scam by Linux people. Thats why so much of it is in China.
It seems just like Linux and communism. You spend more time trying to make something with too many parts and too many people involved work instead of actually using it.
I say no to Linux and I say no to communism. It's unnatural. And after reading this:
I must say no to Bitcoin as well. I say no.
> Doing the same computation on hundreds or thousands of nodes is retarded.
This will change with PoS and sharding. Having a global execution environment for a worldwide smart contract system is extremely valuable.
>They are things that are going to happen. In the future duh.
PoS is slated for this year. They already have proof of concepts and are hiring more people to ensure they meet their estimate.
>Fucking nothing like bitcoin.
I don't see how Ether isn't just as much of a currency as Bitcoin.
There's actually a dev doing work on the GUI now so it shouldn't be too long.
Sucks that you sold too early. Maybe that's why you want to hold a little bit of everything just in case. I seriously want to hold my xmr forever but I know that there will probably be a massive pump at some point where it's worth selling some. I just think I'd have no idea what the best time to sell would be.
Good job making money though. Considering most shitcoins are worthless you must be good a reading patterns and user sentiment.
I was saying ethereum does not take the bitcoin concept to its logical conclusion. Sure it's a currency but it's more like the currency is there for the contracts platform, not for the sake of having money. I don't see why the value of Ether should be more than what people need to execute the contracts.
> I don't see why the value of Ether should be more than what people need to execute the contracts.
The amount of ether needed to execute a contract will change as the value of ETH changes. People won't be paying full ethers to execute contracts, but rather miniscule fractions of an ether.
Are you trying to say that once Ethereum is mainstream, you won't be able to make much money through buying and selling ether?
That is the case for any stock/asset. The key part is "once Ethereum becomes mainstream". We are a long way off from there, so WE (the few insiders) have an opportunity to make boatloads of money.
Since the ones buying in at the end still benefit from the dapps and other uses of Ethereum, nobody loses in this arrangement.
Its already "mainstream" among the crypto community which is all that matters. It wont ever reach any level of mainstream adoption among normies, BTC has proven that. Cryptos are niche commodities and I dont see that ever changing.
I don't think the applications will be so useful as to justify the price atm. I also think that no one is trying to value it this way. People just think it's bitcoin 2.0 future money.
Just reporting in to say that daytrading without automation is absolutely pointless.
There is no way you're going to win against millisecond trading algorithms.
Had to learn the hard way. Buy and hold. Don't ever try to daytrade. Ever.
fuck that noise. i do hit and runs all the time. even blue chip stocks that i babysit every day, when i just know theyre going up a little, maybe happens once every other week, ill throw all my money at it for an hour or two and then cash out.
i was buy and hold for a couple years until the beginning of this year when shit started hitting the fan. i knew to get out last summer when the growth stopped but that 'buy and hold no matter what' mentality that fucked me. now im totally liquid doing just what i said above, making more money than ever.
What do you guys use for cold storage?
Myetherwallet seems very shady.
I'm not going to use some application that strikes me with "ENTER YOUR PASSWORD" on the first view, even when using it offline, client-side and airgapped.
Myetherwallet is a client side paper wallet generator. Some noob lost all his ether thinking he could log back in with his password. If you use it you hace to record your private key, either save the unencrypted private key or take a screenshot of the whole page.
>I was saying ethereum does not take the bitcoin concept to its logical conclusion.
But it does. Nick Szabo (Satoshi Nakamoto) has been talking about smart contracts for years. Bitcoin isn't the final form.
Also, Ether is what is used to pay for the contracts, but the nodes determine what the gas price is. PoS is supposed to turn Ether into a revenue generating asset when it's used to run a validator.
i basically only look at about a dozen stocks. i babysit them every day on my phone, i know them very well. what ive been doing lately is comparing the dow average against them.
for example, at 11am or noon the dow average is starting to trend up 100 points, then going to 200 points but i notice the one bluechip stock i always hit and run is barely up for the day. at that point ill buy it because i know 9/10 times it will somewhat reflect the dow average. not all day, but atleast for an hour or two i feel very strongly that stock will go up. and like i said this only happens once every couple weeks.
theres other variables as well but thats basically it and has been working for me.
Every major bank and many major tech companies have come out and said that blockchain tech is unequivocally going to be the backbone of future business.
Now, I'm not an idiot so I won't come out here and tell you that ETH is a slam dunk. Nothing is. It could be another fully featured crypto that we haven't heard of yet. Ethereum, however, already occupies a healthy chunk of the marketplace and it's not even out yet.
If you understand the underlying tech and think Ethereum has a chance at being THE ONE you should hold long term. That's what I'm doing.
i think i've seen this before....
>And after reading this
Big protip: Mike Hearn left the Bitcoin dev team to work on a new blockchain banking solution supported by some of the largest banks.
Think about that and then look at the article again.
I just invested all $235,420.53 yesterday at 6:32 P.M of her retirement saving in ETH. I'm starting to panic /biz/ please give me advice.