Pintman Paddy Losty wrote: » Is it mostly the developers of sh1tcoins cashing in their stacks that's driving it down? Surely that can't account for all of the losses? For a coin that grindle constantly touts as the great white hope it really isn't looking good. I think people are finally starting to realise the scalability issues are just too immense. How long has that oddball Vitalik been promising Casper will solve everything for about 2 years now. I reckon punters are just not believing in this project anymore.
grindle wrote: » Volumes are low, there's no buy pressure and whomever does decide to buy in large quantities from whichever bottom we reach will make a mint. This is the gamble and speculation of it. It's the most well-developed, most widely implemented, transacted upon blockchain yet it's price is dropping in bart-lines. These are rich trader moves to push stop-losses and cause a short squeeze. There are plenty more stop losses to push into all the way to $85 if the sell-whale is rich enough and considers the pool at the bottom worth buying. If we hit $85 there's a huge wall of buys and ETH seems very "affordable" in my head. If somebody has bothered to read anything about Ethereum they'd be confused by Ethereum's cap's similarity to Snapchat's cap. It really is hard to imagine Snapchat being more useful to the world than Ethereum in 5-10 years., compounded by the fact that Snapchat currently generates zero profit, only loss.
brendanwalsh wrote: » Ethereum generates nothing either. Only a bunch of kitties and moon boys being skinned of their life savings.
Pintman Paddy Losty wrote: » Down and down she goes... Where she stops nobody knows...
Grumpypants wrote: » 24th of September it will all change.
Tinder Surprise wrote: » ?
Grumpypants wrote: » Big jump in the last week or so. From 148 to 215.
makeorbrake wrote: » See the ripple thread to give you an idea of the catalyst.
dar100 wrote: » What are peoples thoughts on Ethereume classic
rapul wrote: » Hard fork delayed for a week at least apparently, soon as the news hit the market seemed to react, another slight dip to buy in I guess but didn't want it to happen like this, interested to see how it goes over the next week.
smacl wrote: » Wouldn't be too concerned, pretty much every big software project ever has late breaking bugs and issues. Better caught before release for a small dip than just after release for a large one.
el diablo wrote: » This thread is dead. has everyone given up on ethereum?
smacl wrote: » Buterin is impressive though not particularly charismatic.
smacl wrote: » Nah, just quietly hodling a small amount and watching to see how it plays out. In many ways I think ETH is one of the better bets out there but is a slow burner that may be quite a bit slower than most would like. Buterin is impressive though not particularly charismatic. It will be interesting to see if he gets his PoS model up and running, as the 32 ETH entry level for a node is very affordable which in turn leads to the best chance of decentralisation.
stockshares wrote: » Is it an upfront payment of Eth or do you pay Installments. Pardon my ignorance
grindle wrote: » It's not like buying an ASIC or Skyminer, your ETH which you could have bought at any point isn't being paid to anybody. You're locking it up with a promise that you'll keep your node online 24/7 performing small calculations validating transactions. That's if you have 32ETH or more. If you have less there will be staking contracts where users will pool their funds to reach the 32ETH minimum, presumably with a small fee for the pool.
stockshares wrote: » What happens if you cant/dont provide 24/7 service. Are there penalties
