Quote from: beastmodeBiscuitGravy on June 08, 2016, 08:37:32 PM

Quote from: JayJuanGee on June 08, 2016, 06:51:33 PM

Quote from: chopstick on June 08, 2016, 05:45:22 PM

Meanwhile, ETH is up. Great job guys. I'm sure Segwit/LN will be deployed on time with no problems and 100% user adoption in No time Roll Eyes

You gotta be fairly ill-informed to consider ETH as some kind of meaningful threat to bitcoin when considering the various upcoming scaling and innovative improvements in bitcoin's near future (including the havening of BTC's new supply situation, too), despite some of the recent ETH pumping efforts.. In other words, if you are looking at these kinds of short term price moves, you are getting a bit distracted by the trees rather than attempting to see the forest.

You are gambling considerably if you either hold significant quantities of ETH or you are investing in significant amounts into ETH at this point (in comparison to BTC)... Sure it is possible that ETH could 2x or 3x again, but it's downside seems a lot greater than BTC's downside potential.. .think about it?

From our current price point, which one is more likely to reduce in price by 50% or more? ETH or BTC? I am not sure about what odds I would place, but it seems pretty decent odds that ETH is more likely to go down 50% or more rather than BTC... maybe 90/10 - ish?

Currently, I don't have any money in ETH, and my opinion is that if you are brave enough to put any more than 10% of your total crypto holdings into ETH you are gambling in a fairly irresponsible way with your personal finances that is more likely than not to end in significant financial losses.

Surely as individuals we have a right to exercise discretion over our own personal finances and the risks that we are willing to take, and with any gambling there is a probability that your position could pay off more than a more conservative approach, such as mine.

You pretty much nailed it JJG, as per usual. With a 90% chance of falling 50%, it's time to short it hard.

Call me an amateur investor (trader). So far in my trading career, I have only opened and closed longs and mostly just in BTC, and I don't engage in shorting of anything. Therefore, I don't really have any stake in ETH because I have not bought any, so I cannot sell, and I do not plan to open any short in respect to ETH.

Accordingly, my discussion of my view of ETH probabilities reflects my general assessment of it, mostly regarding opening long positions and/or responding to Chopstick's assertion that BTC is somehow losing out to short term ETH price movements... which I doubt that short term ETH price movements reflects any meaningful threat to bitcoin's current viability.

Quote from: beastmodeBiscuitGravy on June 08, 2016, 08:37:32 PM

Personally, I prefer holding Monero (XMR) as a vehicle to capture gains from investment that won't be moving to a growth-capped BTC. It has an Adaptive Blocksize, donchaknow.

Your assertion about bitcoin being "growth-capped" seems to be based on pure fantasy rather than facts and/or logic, so your starting premise above seems a bit screwy to me.

I don't claim to know much of anything about any of the various alt coins, whether it is Monero or any other alt coin, and surely a person can make short-term profits from various alt coins, but in doing so, they also potentially may miss out on growth opportunities with bitcoin, too (isn't that called opportunity costs?).

In any respect, bitcoin seems to remain the most solid of the cryptos in balancing both upside and downside potentialities, and likely, to the extent that any alternative cryptos bring innovations to the cryptocurrency space, bitcoin is likely going to be able to absorb those through rootstock and other technical innovations that seem to be either on the table or in the planning stages.