Post: #76

I put in the price of an expensive dinner. Right now, I have enough for an expensive cruise.

'baller

Post: #77

(12-06-2016 09:12 AM)JayJuanGee Wrote:  This below linked article suggests that Ethereum's recent price drop could be due to stolen coins, and that could be true... but I am thinking that Ethereum has kind of been in for a drop, and any excuse would be sufficient when confidence in Ethereum is likely dropping anyhow.


http://www.newsbtc.com/2016/12/06/eth-re...ds-stolen/

By the way, I had been thinking that ETC was going to hold a bit better of its own against ETH, and in recent months sure both ETH and ETC have been dropping in value (and maybe even partly due to rising BTC prices) - however, in the past several days, ETC has been holding its own a bit better to ETC and even rose a tiny bit while ETH has dropped considerably.

Man I'm just surprised how unequal the ETH fork distribution ended up.

ETC (technically the real and original ETH) now $2
ETH (technically an alt of ETH) $50

Shows so much of this is about marketing and which one the crowd believes will rise most in value. A distant, distant second would be the whole smart contracts thing.

Still, ETC has a mcap of 200m. However, its reddit is extremely slow. They claim to have a chat platform that is far more active, but even that is very slow too. I mean the Dogecoin subreddit was far more active in past times, but it's still active. ETC's reddit reads like that of a dead coin. The responses of the ETC community in the chat channel was that the ETC community is smaller but are constantly working on it rather than talking shit about it, which is a fair comment. But, BTC has devs constantly working on it and that still manages regular posts on reddit.

The inactivity of the subreddit concerns me a little, but I see ETC as maybe undervalued given that it is the original ETH. What do you guys think? Easier for $2 to go to $20 than BTC $1000 to $10,000. Heck, DOGE has doubled inevitably (but I did nothing) because it went so damn low. SIACOIN was once destined for certain death at extremely low satoshi prices, now I look on cmap and it's still actually alive and has made multibagger gains for some people. And that is definitely just another random shitcoin.

"ETH" as it is now named is around $50 with a $4b mcap, I think that's overvalued especially given how long it has been around vs BTC. lowbudgetballer, I'd take my profits now, not advice but if that was me I'd be happy with the gains.

Post: #78

(03-25-2017 11:06 AM)Skank_Hunt Wrote:  

(12-06-2016 09:12 AM)JayJuanGee Wrote:  This below linked article suggests that Ethereum's recent price drop could be due to stolen coins, and that could be true... but I am thinking that Ethereum has kind of been in for a drop, and any excuse would be sufficient when confidence in Ethereum is likely dropping anyhow.


http://www.newsbtc.com/2016/12/06/eth-re...ds-stolen/

By the way, I had been thinking that ETC was going to hold a bit better of its own against ETH, and in recent months sure both ETH and ETC have been dropping in value (and maybe even partly due to rising BTC prices) - however, in the past several days, ETC has been holding its own a bit better to ETC and even rose a tiny bit while ETH has dropped considerably.

Man I'm just surprised how unequal the ETH fork distribution ended up.

ETC (technically the real and original ETH) now $2
ETH (technically an alt of ETH) $50

Shows so much of this is about marketing and which one the crowd believes will rise most in value. A distant, distant second would be the whole smart contracts thing.

Still, ETC has a mcap of 200m. However, its reddit is extremely slow. They claim to have a chat platform that is far more active, but even that is very slow too. I mean the Dogecoin subreddit was far more active in past times, but it's still active. ETC's reddit reads like that of a dead coin. The responses of the ETC community in the chat channel was that the ETC community is smaller but are constantly working on it rather than talking shit about it, which is a fair comment. But, BTC has devs constantly working on it and that still manages regular posts on reddit.

The inactivity of the subreddit concerns me a little, but I see ETC as maybe undervalued given that it is the original ETH. What do you guys think? Easier for $2 to go to $20 than BTC $1000 to $10,000. Heck, DOGE has doubled inevitably (but I did nothing) because it went so damn low. SIACOIN was once destined for certain death at extremely low satoshi prices, now I look on cmap and it's still actually alive and has made multibagger gains for some people. And that is definitely just another random shitcoin.

"ETH" as it is now named is around $50 with a $4b mcap, I think that's overvalued especially given how long it has been around vs BTC. lowbudgetballer, I'd take my profits now, not advice but if that was me I'd be happy with the gains.

There may be more people pumping Monero than ETC, but I would consider Monero in a similar category as ETC. Decent fundamentals without too much pumping going on.

And, even though I don't really look into the matters too much, I believe that I agree with you that ETC has pretty much the same functionality of ETH - but the price difference is considerable much greater now... like nearly a 1/25 ratio rather than a recent 1/10 ratio ..and even logic should dictate that with the passage of time, they could reach price parity... but does that mean ETH price comes down or ETC goes up, or maybe thoughts of parity are merely my own lack of attribution to some of the utility of an active ongoing marketing team?

Post: #79

I wouldn't go into ETC, it seems most like a pump-and-dump that JJG talks about.

Why would you want to invest in something that has almost no fundamental, inherent value on its own? The development team has moved over to ETH and are focused on that. Can you run the same dApps on ETC, which is really the purpose of ETH?

The price seems to be purely driven by speculative nature, and people parking extra coins somewhere else temporarily. Sure it's coupled with ETH and if ETH doubles I guess ETC will rise. But I wouldn't be in something that I'm not bullish on it's fundamental underlying value.

If you want a 20x return you need to look a little deeper. GNT a dApp on ETH is essentially airbnb for computers. You can rent out CPU usage across the network. If the development team can achieve this, it could be a huge success and highly valuable.

Only trading at .45cents. I'd peg a 10x return more likely on this than ETC or BTC going up 10x. It's risk on top of risk, however, if ETH project falls apart this will likely too. Big upside though.

Post: #80

(03-25-2017 04:36 PM)Armogan Wrote:  I wouldn't go into ETC, it seems most like a pump-and-dump that JJG talks about.

Why would you want to invest in something that has almost no fundamental, inherent value on its own? The development team has moved over to ETH and are focused on that. Can you run the same dApps on ETC, which is really the purpose of ETH?

The price seems to be purely driven by speculative nature, and people parking extra coins somewhere else temporarily. Sure it's coupled with ETH and if ETH doubles I guess ETC will rise. But I wouldn't be in something that I'm not bullish on it's fundamental underlying value.

When I refer to something as a pump and dump, I am mostly considering matters in which there are insiders and marketing and quasi-centralization and no fundamental value.

As you seem to suggest there is no exact formula for what is or is not a pump and dump and sometime this may be a bit of an exaggerated characterization to merely conclude that some coin does not have fundamental value.

I appreciate your explanation regarding why you believe ETC to NOT have inherent value, yet I would not categorize it as a pump and dump, at least not at this stage of its life and what little history I have seen of it..

Post: #81

Even if you ignore the pump and dump sentence that I wrote I just don't see fundamental value. I don't invest in things I don't believe have fundamental value.

BTC has network effect, pioneer, store of value
ETH has dApps, development team, fast transactions
Various other coins have privacy features that make them attractive

Just so I understand your perspective: you wouldn't categorize ETC as a pump and dump, but you would for ETH?

Post: #82

(03-25-2017 05:00 PM)Armogan Wrote:  Even if you ignore the pump and dump sentence that I wrote I just don't see fundamental value. I don't invest in things I don't believe have fundamental value.

BTC has network effect, pioneer, store of value
ETH has dApps, development team, fast transactions
Various other coins have privacy features that make them attractive

Just so I understand your perspective: you wouldn't categorize ETC as a pump and dump, but you would for ETH?

I doubt that you are going to understand my perspective, but I will let you know that you are correct that I characterize ETH as a pump and dump, and I do not characterize ETC as a pump and dump. The reasons for me is mostly based on marketing and quasi-centralization differences between the two, rather than other fundamentals that you are suggesting to be important.

And, it seems to be largely an irrelevant topic regarding whether I consider one coin or another to be a pump and dump because guys (including you) can come to their own conclusions and based on factors that they consider to be relevant and based on what they know or believe.

Post: #83

Aren't the same things possible on ETC as on ETH? Since ETC is the original ETH?

JJG why do you not consider ETC a pump and dump?

I would be looking to get into it at this point. It is the original ETH after all but the devs migrating to new ETH doesn't sound too good.

Post: #84

(03-27-2017 06:15 PM)Skank_Hunt Wrote:  Aren't the same things possible on ETC as on ETH? Since ETC is the original ETH?

Technically you are correct that ETC is the original ETH - but marketing does not rely upon reality. ETH has the marketing and it has the ETH foundation backing it, including Vitalik.

(03-27-2017 06:15 PM)Skank_Hunt Wrote:  JJG why do you not consider ETC a pump and dump?

My analysis is not deep, and it just has to do with ETC trying to maintain itself more like bitcoin in terms of no centralization and no meaningful efforts at marketing.

(03-27-2017 06:15 PM)Skank_Hunt Wrote:  I would be looking to get into it at this point. It is the original ETH after all but the devs migrating to new ETH doesn't sound too good.

I don't know if they are migrating in any kind of meaningful way because ETC never really had too many devs - so maybe they have even fewer? I don't know and I don't really follow these kinds of details too much - except what I randomly might come across, including your assertion here that devs are leaving ETC.. It makes some sense, but go figure?

At this time, I am not inclined to put or maintain a lot of money into any crypto, apart from BTC. And, maybe that is just me?

Post: #85

Bringing this over from the Bitcoin discussion topic, I think that Ethereum is the alternative go to alt-coin

Post: #86

(04-23-2017 09:02 AM)PharaohRa Wrote:  Bringing this over from the Bitcoin discussion topic, I think that Ethereum is the alternative go to alt-coin

Hahahhahaha

Thanks for bringing it over. Maybe you should flesh out what you mean?


I know that you had several ethereum related discussions in the bitcoin thread, starting at this post:

/thread-21537...pid1555764

and from that, maybe you are saying that ethereum is going to be like a bitcoin 2.0? Is that what you are saying? or something else?

Also, when you suggest that ethereum is the main alt are you going to talk about both upside and downside potential or do you only consider upside potential of each?

Post: #87

Oh and what do you know... ETC goes from $2 to $4+

I was seriously considering buying it ... but didn't.

Before DOGE went up I was seriously considering buying it ... but didn't.

And when LTC and DOGE went up around the same time, I thought they would be crashing down, just another quick pump and dump. DOGE is holding quite firm, and LTC... is up to nearly 16 bucks?!

Perhaps more money is going into alts than would have gone into BTC because of the uncertainty around BTC at the moment. BTC is showing strength by holding at these high levels, but it's not making 100%, 200% gains like ETC or LTC. I think the whole BU thing would have to be solved before serious new money comes in for that.

Post: #88

(04-24-2017 01:48 PM)Skank_Hunt Wrote:  Perhaps more money is going into alts than would have gone into BTC because of the uncertainty around BTC at the moment. BTC is showing strength by holding at these high levels, but it's not making 100%, 200% gains like ETC or LTC. I think the whole BU thing would have to be solved before serious new money comes in for that.

The whole premise of your point seems to play into some kind of seeming misimpression of the crypto space and bitcoin's role in it.

And, really you are framing issues in the same way that mainstream media wants to frame it, alt coin pumpers want to frame it and bitcoin naysayers want to frame it.


Sure, I will agree that we are in a bit of uncharted territory, and there seems to be growth in a lot of the crypto space - however, your point about bitcoin showing a lot of strength should not be minimized, downplayed or diluted.

I will also agree that there is a lot more pump potential with some cryptos that have a small market cap - yet we need to consider matters in terms of both upside potential and downside potential and even stability potential.

Like you said.. it remains difficult to figure out which alt is going to give you a quick 2x or more... but to me, it seems a bit erroneous to consider some of this as a zero sum game - or that some of the investment into alts is really taking away from bitcoin (even though some of that may also be going on, but not to the same level as you seem to be suggesting).

Post: #89

Regarding my own ETC holdings:

I was having a dilemma regarding whether to post here or to post in the ETH thread?

But since I already posted here, I thought this is a good place to follow up..

Soon after the ETH/ETC fork (about July/August), I bought ETC for ideological reasons at around an average of $1.50-ish, and also because I thought that it was undervalued in comparison to ETH.. for example many times running at 1/10th the price of ETC.... so I thought that ETC/ETH parity could be possible but also that ETC could become 1/2 of ETH - whether that would be caused by ETC going up or ETH coming down, I did not really have any kind of clue. I actually thought that it was more likely that ETH would come down.. so as time passed I considered more and more that my ETC was a shit investment because the scenario was not playing in the direction that I anticipated.

Well, in the end, it worked out, and today, the remainder of my ETC sell orders filled at around $17. nearly doubled my BTC that I had put into it - but yeah, part of the difficulty is that BTC had done about a 3x during that time period, too. The math likely does not work out in any kind of exact way because I engaged in incremental buying and incremental selling.. so my buys were largely staggered between $2 and $.80 and my sells were staggered between about $4 and $17.. and a couple of days ago, I was considering cashing out and giving up on my ETC (still would have been profitable - but much better that my orders filled and sticking with the original plan)

Post: #90

Only ETH and a handful of alt coins aren't dropping today. How many are looking to get into some alt coins on this dip? Doing my research and thinking of picking 5-10 long shots to put $50 to $100 each on and holding. Any missing from this list I should be looking into or in your opinion I shouldn't waste my time? Am I looking too "mainstream" for my long shots?

BAT
GNT
DASH
STRAT
STEEM
SC
FLO
LSK
GNO
FCT
NLG
BRK

Also, what's everyone's opinion on Taas? Is there something better to get into that would be like a S&P 500 mutual fund of cryptos??

Post: #91

^ BTS is another

Post: #92

BitShares is on my list, but left it off the list above. I've seen a ton of random posts that it's junk. Definitely need to read up more on it. Augur was another one.

Post: #93

(06-12-2017 04:41 PM)white22 Wrote:  Only ETH and a handful of alt coins aren't dropping today. How many are looking to get into some alt coins on this dip? Doing my research and thinking of picking 5-10 long shots to put $50 to $100 each on and holding. Any missing from this list I should be looking into or in your opinion I shouldn't waste my time? Am I looking too "mainstream" for my long shots?

BAT
GNT
DASH
STRAT
STEEM
SC
FLO
LSK
GNO
FCT
NLG
BRK

Also, what's everyone's opinion on Taas? Is there something better to get into that would be like a S&P 500 mutual fund of cryptos??

Decent list. Add BNCR and UBQ.

Post: #94

(06-12-2017 08:33 PM)LouEvilSlugger Wrote:  

(06-12-2017 04:41 PM)white22 Wrote:  Only ETH and a handful of alt coins aren't dropping today. How many are looking to get into some alt coins on this dip? Doing my research and thinking of picking 5-10 long shots to put $50 to $100 each on and holding. Any missing from this list I should be looking into or in your opinion I shouldn't waste my time? Am I looking too "mainstream" for my long shots?

BAT
GNT
DASH
STRAT
STEEM
SC
FLO
LSK
GNO
FCT
NLG
BRK

Also, what's everyone's opinion on Taas? Is there something better to get into that would be like a S&P 500 mutual fund of cryptos??

Decent list. Add BNCR and UBQ.

If you could narrow it down to 4 or 5 best ones, which ones would you choose?

I'm favoring STRAT, GNT and FCT. Maybe Storj.

Post: #95

GNT
DASH
BNCR
SIA/STORJ
STRAT

Most coins either have subreddits or Slack channels so it's a good idea to keep in touch with developers.

Also this: https://icostats.com/

Post: #96

Anyone have any input on whether I should wait til after the August 1st shitshow that may or may not happen to invest in my chosen long shots/penny stocks (coins) or just go ahead and pull the trigger now?

Post: #97

Has anyone looked into Viacoin? Their segwit is supposed to be up in a few days. Their road map looks promising.

https://viacoin.org/roadmap/

Post: #98

(06-21-2017 08:25 AM)renotime Wrote:  Has anyone looked into Viacoin? Their segwit is supposed to be up in a few days. Their road map looks promising.

https://viacoin.org/roadmap/

I bought a couple Viacoin today @ 0.0007545.

Bought AntShares at 0.0038, missed the big hype boat but lets see what comes out of the conference, might lose a little but, if conference is good gain a lot.

Post: #99

Bought some FCT today: actual use and business clients, niche leader and very adaptable.

Post: #100

Below is a decent blog that gives some good descriptions of Bitcoin as well as the other alts. I've made a rule of investing in something only if I have read the whitepaper, at a minimum and I suggest the same for anyone else. However, you can read this blog to get a superficial, layperson's insight as to what these various projects are all about. It's good for a starting point.

https://dontpanicsell.com/