Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
marcusnz
on 27/01/2014, 12:31:09 UTC
As surprising as it might sound from me, I might invest in Ethereum and get out before the pump phase is over. The basic idea is ingenious, I respect Vitalik very much. But until the role of Goldman Sachs hasn't been clarified I won't trust this project.

Have you read the terms ?? PEOPLE YOU MUST READ !!
All coins will be locked for one year. You won't be able to sell anything before a year AND you won't be able to sell more 1/3 of your coins per year which mean that you will never be able to sell all your coins.

In the meantime, 1000 new altcoins will be lauched.



I think the devs are honest people, but this ipo/fundraiser is disappointingly horrible, and this (above) puts me off big time. Ether is a great idea and wil probably do well, but people need to also take into account how much btc, ripple, nxt and the other altcoins will move this year before ether is available to be traded. If ether raises 30 odd million thus valuing it at around 60 million, it will need to be over 1 billion by the end of the year to be a better investment opportunity than whats is currently available today imo.