41–50 of 140 posts
The whole reason why Ethereum is "outpacing" Bitcoin is easiness of taking money from clueless "investors" that feel like they missed the boat on becoming rich through Bitcoin. https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-80... It's going to be a big mess, one this bubble pops.
> As a “hard fork” looms, which looks set to split Bitcoin into two separate currencies that will have to fight for custody of the Bitcoin moniker This already happened to eth when the creators hard forked the chain in an effort to roll back operations of an eth application that was used in a way that the creators did not anticipate. If this didn't kill ethereum why would it be a problem for bitcoin? Fortunately for…
Invest now! Someday the network is gonna be really useful. You'll see!
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I don't think that is true at all. Most people can't even get in on the ICOs.
It's not about "most people," it's about "most cash." The "whales" are buying ICOs left and right, and dumping their Bitcoin/other altcoins. That's the main reason for ETH's rise. Eventually some of these ICOs will prove to be scams, or will get hacked with catastrophic results, and ETH's price will fall again. It doesn't necessarily mean it won't rise back-up again, but by then we'll just have to see if ETH is still…
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People have been expecting the crypto bubble to pop for almost a decade now, but prices continue to rise. At some point you have to admit that this isn't tulip bulbs.
Prices continually rising is an argument for how this _is_ tulips. The valid counterargument would be that the tulips are largely being used for something other than trading tulips.
Gold has SOME intrinsic value. It is very good for certain applications, I believe trace amounts are used in compute parts. Worst case you can make something shiny to look at, that will be rust proof and easy to shape.
What is the intrinsic value of ETH or Bitcoin? It literally has nothing to back it.
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I don't think that is true at all. Most people can't even get in on the ICOs.
That's because they sell out so quickly. ICOs can earn tens of millions in seconds. This seems like a plausible theory to me.
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I don't think that is true at all. Most people can't even get in on the ICOs.
It's not about "most people," it's about "most cash." The "whales" are buying ICOs left and right, and dumping their Bitcoin/other altcoins. That's the main reason for ETH's rise. Eventually some of these ICOs will prove to be scams, or will get hacked with catastrophic results, and ETH's price will fall again. It doesn't necessarily mean it won't rise back-up again, but by then we'll just have to see if ETH is still…
s/some/most/
Between this and Fred Wilson's recent comments, it's pretty neat seeing a meme take shape right before our eyes. I'm not saying this article is wrong, but that it offers little substance. My pet theory is that Ethereum will transiently surpass Bitcoin in market cap in the next weeks, triggering a 5x surge in Bitcoin's price. Ethereum will then follow, and what happens next is anyone's guess. Why do I think that? Uh..…
Why is Ethereum's price rising? It's because of breathless articles like this. It's a self-fulfilling prophecy. Wonder how much this guy has invested? If those dapps are so great, why isn't there a single one that regular people are using today?
Research the exchange Poloniex. They have played a major role in the creation of tens of billions USD in "value" in altcoins over the past 2 months. There is zero transparency on their operations or ownership or supposed licensing.