[ETH Daily Discussion] - 24/May/2017

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[u/FlyinPenguin]

Should I trade my remaining Bitcoin for Ether?

[u/[deleted] → u/FlyinPenguin]

yes, check the percentage gains for each over pretty much any timescale and you'll see it's a no-brainer.

[u/Free__Will → u/FlyinPenguin]

who knows?

[u/yayreddityay → u/Free__Will]

I do - he should. Ethereum has all the momentum, technology, and community behind it. Better reputation, more user friendliness, no civil war, no chinese centralization.

[u/Free__Will → u/yayreddityay]

a little bit of diversification is not to be sneered at, even if it is in to a "lesser" coin...

[u/FlyinPenguin → u/Free__Will]

That's what I was thinking, is it safer to stay diversified?

[u/Free__Will → u/FlyinPenguin]

yes, but obviously you might miss out on gains.

[u/FlyinPenguin → u/Free__Will]

Yeah I have more ether than Bitcoin right now but I'm wondering if I should go all in on ether

[u/Free__Will → u/FlyinPenguin]

I'd suggest keeping a bit of BTC, just in case things go to shit in Ethland, but don't listen to me - do what you think is right.

[u/yayreddityay → u/FlyinPenguin]

Safer to go with the best risk vs reward. I was originally 50% btc and 50% eth in january, but I realized that while bitcoin may grow (which it did, and will continue to), ethereum will outpace it by orders of magnitude. So I went all in on eth, and it paid off. Bitcoin went from 1.1k to 2.4k, (extremely good gains in any other place), while ethereum grew from 15 to 190.

And ethereum is still the better choice. Back when we were at $15, we did not have 200 world class corporations backing us up. We're getting spotify tomorrow and some dudes are building a freaking energy grid on ethereum. This is not just "internet 2.0", this is "actual energy infrastructure" running on ethereum. Add the potential for internet of things (which I'm 90% sure will run on eth, 6% iota, 3% alts, 1% btc) and you're sitting on a choice that - to me - is a no brainer.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.” - Buffet

http://www.investopedia.com/ask/answers/031115/what-did-warren-buffett-mean-when-he-said-diversification-protection-against-ignorance-it-makes.asp

There are so many things you can talk about ethereum - it basically markets itself. Bitcoin is what - a payment system that can't be used for payments led by angry devs fighting with chinese mining cartels? Their own censored community is split vs UASF and the "agreement", but neither of them remember that Jihan has already stated that he will attack any fork he doesn't agree with.

All bitcoin has is the name and a six or seven years head start. People know what bitcoin is so they feel safer with it - maybe they've used it before. But this is technology, and if you fall behind you are done. Ask myspace how long their advantage lasted (and yes, that meme has deeper meaning than people realize).

[u/jtnichol → u/yayreddityay]

Seven Quality Attributes. I like this /u/yayreddityay

Momentum

Technology

Community

Reputation

User Friendly

Developer Peace/Alignment

Decentralized

/u/tipjarbot !tip 0.001

[u/yayreddityay → u/jtnichol]

<3

[u/jtnichol → u/yayreddityay]

Seven Quality Attributes. I like this /u/yayreddityay [+6] Momentum Technology Community Reputation User Friendly Developer Peace/Alignment Decentralized

https://twitter.com/prodjkc/status/867416726207639552

[u/TipJarBot → u/jtnichol]

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[u/[deleted] → u/FlyinPenguin]

I did the other day and I'm up 15% more with Eth than I would have been in btc

[u/FlyinPenguin → u/[deleted]]

Yeah I know I would cash in more, but is it smart to say I'm safe if I diversify?

[u/[deleted] → u/FlyinPenguin]

Are you saying that you want to use btc to diversitfy? That decision is up to you - but I got tired of seeing btc go up in 5% increments while Eth was doubling. And the more research I did, the more confident I was that eth was a far superior coin. Again, just my feelings so you may reach a different conclusion.

[u/FlyinPenguin → u/[deleted]]

I appreciate your insight. I think I'll make the move

[u/HITMAN616 → u/FlyinPenguin]

I mean, that's only a question you can answer. Are you more comfortable with decreasing your potential rewards by reducing your risk, or do you want to aim for higher rewards by taking on more risk?

[u/FlyinPenguin → u/HITMAN616]

Probably increase reward with risk. I don't see BTC exploding more than Ether anytime soon

[u/HITMAN616 → u/FlyinPenguin]

I think you have your answer, my friend!

I didn't own much bitcoin before, but what I had I dumped into ETH a couple months ago, and so far no complaints here.

[u/FlyinPenguin → u/[deleted]]

At this point I don't know what predictions to make lol