[Armogan]

Actually the increase is due imminent activation of Segwit. It's been over the threshold for a while now and should officially implement in 3 days. This is something BTC has failed to do. Huge development technologically. Additionally likely to implement the lightning network later this year. Again BTC has failed to do something similar.

Can continue to rise.

[MidJack]

This (quoted below) shows a fundamental lack of understanding of Ethereum.

Ethereum is programmable money.

The value is in the network -- the ability to securely control a Turing-complete machine (an Ethereum contract). If you don't accept that then of course you think Ethereum is just another shitcoin.

Overall, the developers did an exceptional job at implementing the network. ETC only exists because of people who were (and are) philosophically stubborn and who didn't (and don't) understand the value in the underlying technology.

There is a reason so many powerful institutions are interested in Ethereum.

Oil is being traded with Ethereum.

(05-03-2017 08:56 PM)Skank_Hunt Wrote:  

ETH is an altcoin to Bitcoin nothing more nothing less. It did well to get pumped from $1 to $80.

I would have thought big banks might be more interested in ETC because at least ETC (the actual original ETH) is actually not changed by devs on a whim.

The whole big bank backing as well could be a ruse to try to compare favorably to BTC. One of the core purposes of Cryptos is to not be a slave to the big banks and corporations in making your transactions.

Once it (hopefully) goes back down to reasonable prices I might start a Dogecoin thread.

[Oz.]

It's going down guys

[CleanSlate]

Hope it goes down and stays down a little longer. Good buying opportunity.

[infinitejest]

Looks like some massive FOMO going on with Ripple and its offshoot Stellar Lumens right now, causing the little ETH dip. I can't help but think that all the new money flooding into crypto right now is looking for max profits instead of backing the right platforms and technologies. I don't trust this Ripple pump at all. What new news has come out that we already didn't know? And this Stellar Lumens coin...it got my attention a few days ago when I noticed it had over 100% gains in a 24 hour period. Since then, it has only continued to catapult up the cryptocurrency market cap rankings. Its avatar is literally a rocket blasting off lmao.

I'm curious if anyone was in on this and making some gains, but I'm sitting it out. People keep talking about an "alt bubble" that's gonna collapse and I'm feeling some people are gonna get burned by these two coins. In the meantime, the flippening that no one saw coming has occurred. Ripple has unseated ETH as the number 2 coin in terms of total market cap dominance.

[CleanSlate]

(05-08-2017 09:27 AM)infinitejest Wrote:  

Ripple has unseated ETH as the number 2 coin in terms of total market cap dominance.

Relevant - crypto market cap rankings.

https://coinmarketcap.com/

[Deepdiver]

I was in an expensive Cryptos-Blockchain seminar targeted towards investors with a methodology to sort the hyped pump and dumping Cryptos and BCs from the technologies and variants adding real value being better; more secure, faster; does not take 2 minutes for a transaction to execute, cheaper; not at Tulip bulb Mania prices.

A few insights that will be more detailed in my upcoming Cryptos BCs e-book:

FACTS:

The ETH/Ethereum ecosystem has attracted a massively growing number of developers currently more than 50,000 working on a wide range of Etherum use cases and applications.

Closest competitive Crypto/BC technology has about 2,000 Devos and growing is Hyper Ledger...

(R3 Consortium)
https://en.wikipedia.org/wiki/R3_%28company%29
R3 (R3CEV LLC) is a distributed database technology company.[1][2] It leads a consortium of more than 70[3] of the world biggest financial institutions in research and development of blockchain database usage in the financial system. It is headquartered in New York City. It was founded in 2014 by David E Rutter. Not really a "blockchain" more of a private club distributed ledger using the inet for connectivity. However the next hot blockchain project may be integrated in case it offers BFCMS Better Faster Cheaper More Secure global connectivity and transactions...

Corda

The consortium's joint efforts have created an open-source distributed ledger platform called Corda[4] especially geared towards the financial world as it handles more complex transactions and restricts access to transaction data. Although it is inspired by blockchain databases, and is expected to have many of the benefits of blockchains, it is not a blockchain.[4]

The aim of Corda is to provide a platform with common services to ensure that any services built on top are compatible between the network participants, whilst still fostering innovation and faster time to market as the underlying infrastructure would be accepted and understood by at least the founding firms.

"If we have one platform with lots of products on top, then we get something that's more like the internet, where we still get innovation but we can still communicate with each other."[3] - David Rutter

Corda's code was open-sourced on November 30th, 2016, and may in the future be contributed to the Hyperledger project. Hyperledger is a cross-industry project led by the non-profit Linux Foundation to advance blockchain technology by coming up with common standards.

The next big block chain that is focused on solving real world commerce issues or just disrupting the Current fossilized global financial oligopolies (dominated by VISA, MC, Amex, Carte Blanche credit card networks and perhaps PAYPAL and the smartphone pays nets all still tied to VISA or MC.

Hyperledger (or the Hyperledger project) is an umbrella project of open source blockchains and related tools,[1] started in December 2015 by the Linux Foundation,[2] to support blockchain-based distributed ledgers. It is focused on ledgers designed to support global business transactions, including major technological, financial, and supply chain companies, with the goal of improving many aspects of performance and reliability.[3] The project aims to bring together a number of independent efforts to develop open protocols and standards, by providing a modular framework that supports different components for different uses. This would include a variety of blockchains with their own consensus and storage models, and services for identity, access control, and contracts.

I have worked on a number of projects that use Ubuntu Linux on up to REL Red Hat Enterprise Linux... the top Certified Ethical Hacker I know runs all of his tools on Linux.

Linux is the refuge of the Modern Day Disruptive Innovators (Web LAMP Stack etc) and the fact that HyperLedger is the BlockChain of choice for the Linux Foundation guarantees growth and adoption:

https://www.zurich.ibm.com/~cca/talks/20...in-rwc.pdf

That said despite the Deep Dark Web shadowy nature of BTC (TOR and IP Nets etc etc) and their Mt GOC and HK services hacks and the Silk Road "civil asset forfeiture" seizure that made the FBI at one time the largest holder of Bits of Coin...

A noted Mainland Chinese investor/speculator claims to be holding all of his BTC and adding on the dips because it will eventually go to $1Million per BTC... seems the Shadow Dark Web nature of BTC a key attraction for Mainland Chinese Millionaires and Billionaires to move some SHTF funds to BTC Based exchanges and or virtual wallets around the globe ... Holding a few BTC in the SHTF possibility not a terrible idea actually (Read Peter Schiff, Ron Paul, David Stockman and Jim Rickards various SHTF warnings and how to profit in the midst of Chaos)...

[Armogan]

I was on the Stellar rocket ship. Saw it all unfold. The pump from 1800 sat to 4900 sat.

It was the most epic, ridiculous, entertaining thing i've seen in this space. Absolute fukn madness.

Millions were made, millions were liquidated through margin calls.

The exchange crashed massive dump, rebound, etc. Polo is shady as fk.

I'd recommend no RVFers go on margin ever. I do cuz I just dgaf. Not for risk averse though.

[Isaac Jordan]

(05-08-2017 01:18 PM)Armogan Wrote:  

I'd recommend no RVFers go on margin ever. I do cuz I just dgaf. Not for risk averse though.

I was thiiiiiiiiis close to taking out a margin long on ETH; was just waiting for the price to dip/consolidate and then I figured I'd jump on the next breakout.

Then yesterday, I watched a margin cascade ("flash crash") on the ETH/USD pair on Kraken. Price dropped to ~$30 in five minutes before bouncing back. Most margin longs were liquidated to pay collateral and millions of dollars changed hands almost instantly. Check out yesterday's daily discussion thread from r/Ethtrader if you want to see the wailing and gnashing of teeth of those who were caught in the trap.

Crypto is risky enough for me right now; think I'll stay away from margin for the time being.

[Armogan]

I'm tier 4 on Kraken but I refuse to trade on there after what happened. People got ruined.

This is what happened for those who don't know:

A large sell order or multiple sell orders were coordinated to eat up the entire buy book. The crashed the price way down, Then a massive DDoS attack was launched. The price decline along with people unable to manage their positions resulted in massive sell orders from forced liquidations. This drive the price down even more.

Bunch of people scooped up real cheap ETH with limit buy orders. Most people lost it all.

If you go on margin prepare for a 50% decrease in price. Second time this has happened in 2 months, can't remember if last time was Kraken.

I suspect inside job.

[Stun]

After the bitcoin flash crashes in Jan and March, I figured the exchanges/people tied to them were doing this to fuck margin traders out of their money. As with all investing, manage greed/fear (in this case greed) and this kind of thing will not happen.

[pants]

Hope it crashes for the next 10 days. Out on an drilling-rig, and can't buy shit without a SMS-verification. Does anyone know a way i can buy Ethereum without a cellphone?

[infinitejest]

Well, there's the dump for Ripple. What a pump & dump the last couple hours have been. Billions of dollars leaving the market. It was at or near .24 at its peak and crashed all the way down to .14 so far. Some new money got flushed out by the whales for sure.

I'm loving how ETH is holding strong around $90 while all this altcoin madness is happening. And BTC market cap lead is shrinking closer to 50%. It's gonna drop below that likely sometime in the near future. I think it will be ETH's turn to get back on the roller coaster soon.

[DrugAdvisor]

Ripple oh ripple. What a ride.

Exit at 19c thinking we were awesome just to see it going up to 24c. We were kicking ourselves then.

Then we wake up to 14c...

Good time to be alive guys.

[booshala]

I think in 50 years, people will look back and see all the craziness in crypto like we see all the nonsense that happened with stocks in the roaring 20's. Rampant manipulation, flash crashes, margin calls to the wall, exchange hacks... it's like the fucking wild west.

Anyone buy MAID? It hasn't had the stratospheric increases that some of the other alts had but it's slowly but surely chugging along. So far I'm very happy with my returns there. I'm mostly out of ETH as I'm just holding on to 10% of my initial stake as a sort of lotto ticket.

[Thoughtcrime]

I'm still in ETH. I think it's one of the best altcoins. It has significant development behind it.

[CleanSlate]

Despite all the ups and downs across these alt coins, my balance remains pretty much the same. The gains and losses are offsetting each other.

Sitting tight, all buckled in.

[Zebra]

I personally don't have much trust in the rise of ethereum. They already had a split ("hard fork") between Ethereum and Ethereum Classic, because someone stole coins and they wanted to cancel it. My gut instinct tells me in shouldn't trust a money system that wants to censor a money flow.

On the contrary, I have a lot of faith in bitcoin, and invested 50 euros in it last december. Who knows, maybe it'll be worth a fortune in 20 years. I read the original paper of its creator and I love this technology: simple and efficient. My only concern for is the pollution issue if it continues to go up, or that the nsa decides they don't want it anymore and breaks it.

[Satoshi]

(05-09-2017 02:32 AM)Zebra Wrote:  

I personally don't have much trust in the rise of ethereum. They already had a split ("hard fork") between Ethereum and Ethereum Classic, because someone stole coins and they wanted to cancel it. My gut instinct tells me in shouldn't trust a money system that wants to censor a money flow.

On the contrary, I have a lot of faith in bitcoin, and invested 50 euros in it last december. Who knows, maybe it'll be worth a fortune in 20 years. I read the original paper of its creator and I love this technology: simple and efficient. My only concern for is the pollution issue if it continues to go up, or that the nsa decides they don't want it anymore and breaks it.

How would they do that? This is the main point with crypto currencies, they are unstoppable.

[void]

(05-08-2017 10:16 PM)booshala Wrote:  

I think in 50 years, people will look back and see all the craziness in crypto like we see all the nonsense that happened with stocks in the roaring 20's. Rampant manipulation, flash crashes, margin calls to the wall, exchange hacks... it's like the fucking wild west.

Anyone buy MAID? It hasn't had the stratospheric increases that some of the other alts had but it's slowly but surely chugging along. So far I'm very happy with my returns there. I'm mostly out of ETH as I'm just holding on to 10% of my initial stake as a sort of lotto ticket.

Checked out the the Coin threads after a long time. How is this whole madness not like "Wolf of Wallstreet"? Penny stocks, pump and dump, short sales - all this applies to the Coin world too.
As long as the average citizen can't use bitcoins like his credit card, it is just like a stock (ok, which can be broken down to fractions).

The only thing I see now is, what coins should I dump a few thousand dollars in, in case they might take off from penny stock to 1000$??? (mimblwimble?)

Countries can clamp down on legal exchange possibilities, then you have to do the exchange in another country/juridiction.

[Isaac Jordan]

Cross-posted from the Bitcoin Thread:

(05-09-2017 04:13 PM)Isaac Jordan Wrote:  

For the guys trying to time the top of this bubble (and no doubt about it, we are absolutely in a bubble), I'd suggest checking out an exchange (I use Bitfinex) that provides stop loss options.

I'm in pretty major profit right now, so I moved both my bitcoin and ethereum to Bitfinex and set rather loose (~20% below market price) stop losses. This way, when the market tanks, I'll be sold relatively near the top and I can sleep at night without worrying about missing out on gains.

My plan is to simply move those stops up in accordance with price movements, and then tighten them up over the next two weeks. Looks like bitcoin might make a run for $2,000 and with all the good news ether is expecting this month (EEA announcement in particular) I wouldn't be surprised to see it retest $100 and maybe even move past it.

The only thing to watch out for here is, of course, the volatility. Set your stops too tight, and the price could flash crash, stop you out, and then move right back up. As I'm typing this I'm actually watching bitcoin go from $1800 down to $1700 and now back up to $1750, all within about ten minutes. That's why I keep a hefty distance for now, and will only start to tighten those when I think a crash is imminent.

[Oz.]

To be honest I'm more confused now than when I started.

Can you guys link me some good reads to expand my knowledge?

[pants]

Do you have an understanding of Bitcoin, and blockchain technology already? Try get a grip on that, and then move on to ethereum, as its pretty much bitcoin with additional technology, as far as i can tell.

[Satoshi]

(05-09-2017 05:57 PM)Oz. Wrote:  

To be honest I'm more confused now than when I started.

Can you guys link me some good reads to expand my knowledge?

Maybe these powerpoints can be helpful: https://files.fm/u/37nmqr38

[Armogan]

This should help.