My view on Ethereum is that it’s an interesting idea but the software is so complex that it creates too many difficult-to-anticipate opportunities for exploitation, much moreso than the relatively simple Bitcoin. Blockchain tech itself may be incredibly useful in the future, but I don’t think either of these early iterations are going to be around in the long term. They seem more like trial runs or experiments.
Quantum computing will make many of these cryptos completely vulnerable to having their encryption broken too.
[–] EpiPendemic [S] 1 point -1 points 0 points (+0|-1) ago
yup krypto kittie thing was fucked by exploits and programmatic transactions it could have been a good idea. I was waiting for blockchain to fix everything logistical on the world for a few years but that never happened... still fun to have been part of the experiments.
[–] nospyingpls 0 points 1 point 1 point (+1|-0) ago
You're talking about a risk of losing $900 and taking a profit of $350. If you're really agonizing over such low dollar amounts I highly recommend selling right now and not investing in any more risky endeavors like cryptocurrency.
My take is that whatever happens with cryptocurrency Bitcoin will be king. Like all markets there will be the one big winner with ~40-50% of the market, a secondary with 20%, and then a thousand alternatives splitting the rest. Think Microsoft vs Apple, Coke vs Pepsi, etc. Keep a focus on individual markets not those companies as a whole. Desktop OS, sodas, etc. Microsoft makes weapons for the government and Pepsi makes chips and other bullshit. Those are different markets.
So really all you're betting on is that Ethereum is going to be the No. 2 cryptocurrency. I think that is a pretty risky bet. I'd sell everything and buy Bitcoin if you want to stay.
[–] EpiPendemic [S] ago
Thanks for the advice seems sound and makes sense to consolidate all my cryptos to bitcoin.
[–] lord_nougat 0 points 1 point 1 point (+1|-0) ago
What, no way. Everyone agrees that you should consolidate all your cryptos to dogecoin!
[–] kevlarrr 0 points 2 points 2 points (+2|-0) ago
Buy stuff with it... https://coinsutra.com/who-accepts-ethereum/
[–] EpiPendemic [S] 1 point 0 points 1 point (+1|-1) ago
cool thanks for the link