All of this is such a gamble, it's unreal. And I mean bitcoin as well--Warren Buffett said he doesn't invest in anything he doesn't understand, and I probably should follow in his footsteps with cryptocurrency. I'm not a computer or really a math type of guy and I cannot claim to understand how all of these things work. These things are prices moving up and down, actions which I understand but cannot predict.
You say ETH is not money. OK. What is the value of these ETH tokens then? I have yet to see someone dumb it down to retard-level for me. And I mean get down to retard and then go a few inches further down.
ETH is a token but in the Ethereum platform you can create any crap coin like Monero if you like in a second (that is if you have the skills). The cockroaches are coming out of the dark because there's fire everywhere. Ethereum is coming for them all, they had their time and they failed, even Bitcoin if you ask me. But at least Bitcoin will remain as a storage of wealth, it has proven its worth and it has a relatively stable price. I think that was its original intention,
to be more of like digital gold, not a payment system (which is completely useless if you ask me).Thank you sir, I totally agree with the bolded part and I don't believe I've heard confirmation of my thoughts before. I bought some silver quarters from Provident Metals a few months back with bitcoin, and it was such a pain in the ass and there was absolutely no reason to use bitcoin other than the small discount they give. I agree it's a store of wealth, like digital gold.
So you say buy ETH now? I may just buy a little. Who knows where it's headed.
I've bought ETH at 90s or so, I really don't know if it's extremely cheap or expensive right now, but I know that it is something special and it's making Bitcoin tremble like no "altcoin" ever did before. Just do some research, I'm not all in on ETH, I have some BTC but I'm not too optimistic. I do feel there's a chance Bitcoin can make it out and be digital gold like I mentioned, but in terms of usability I'm afraid Hearn hit the nail on the head.