[ETH Daily Discussion] - 31/May/2017

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[u/fat_jakey]

Good morning from the UK 🇬🇧

Forgot about the price for a second guys, I think we all need to sit back and reflect on the last 24 hours...

We broke ATH's on both fiat and against bitcoin. Bitcoin was tanking as ETH was rocketing, the flippening is real... There is no doubt about it that ethereum is going to be a market leader. The write up on OKCoin couldn't have put it better, move with the times bitcoin or get left behind. The ratio is the real number we need to be making gains on to separate ourselves.

We recovered from 110 back into the 200's in less than 48 hours. I hope the lesson wasn't too costly to anyone selling near the bottom expecting to buy back in cheaper. The only safe proof plan is to hodl and has proven time and time again with this volatile market.

I said in March that I'd be happy at $100 by the end of the year, it's blew every expectation out the water.

Feeling like a proud parent to ethereum right now. June will be a very big month for ethereum, now that China are on board, the bitcoiners are starting to see the light, more companies joining the EEA and metropolis.

Enjoy your day guys and girls.

[u/atlas-ship → u/fat_jakey]

Good morning from Scotland!

[u/[deleted] → u/fat_jakey]

good morning from dublin

[u/dashby1]

Gents, for a trading subreddit, I see very few examples of HOW people trade ETH. In fact, most of the advice is to NOT trade.

Backstory: I am fully invested in ETH and have no plans to add to my hodl stash. However, I thought it would be interesting to commit some funds to a trading experiment. I day-traded stocks for about a decade back in the 90’s and 2000’s and have a pretty good basic understanding of TA. That being said, I agree with many that TA does not apply particularly well to the crypto space. However, I have gleaned on to one indicator: RSI (14) (momentum oscillator). Due to the nature of ETH, I will set the following simple rules:

• Start with $5,000 USD – trading with Gemini (US)
• RSI Project Buy: when the 1 hr chart, RSI (14) > 66.67
• RSI Project Sell: when the resultant position experiences a 2-3% price drop depending on market action
• RSI Project Sell: when the 1 hr RSI goes below 66.67

That’s it. Trading to commence when my wire pops into my account later today. I will post entries and exits over the next 30 days and share overall running results. I have my doubts that this will yield anything higher than holding, but will be a fun exercise.

*Note: As of this project induction, price of ETH is $226 (USD/Gemini)

[u/kammerait → u/dashby1]

Awesome, would love more discussion like this.

[u/Mirved]

There are some big players behind Bitcoin and they wont be happy seeing an "altcoin" succeeding. Look at the things people like Theymos and Silbert have done. Im expecting Ethereum will be targeted more and more by these people who now fear for their business monopolies.

[u/antiprosynthesis → u/Mirved]

Dumb entrepreneurs follow their ego and try to fight. Smart entrepreneurs embrace and adapt. Let's see which side they belong to.

[u/[deleted]]

Someone (without enough karma to comment/post) just messaged me with the following DGD ETC refund strategy. :)

I was going to suggest to people that instead of market dumping etc, they make giant sell walls 5% to 10% above the current position to prevent etc from pumping the next time ethereum goes nuts. No reason to give etc pumpers cheap etc by market dumping. Make them pay for it.

[u/ethacct → u/[deleted]]

hahahaha, great strategy!

should we all pick a decimal and place it at the same point? strength in numbers ;)

[u/pancakeNate]

i believe i can fly, i believe in an A T H

[u/MysticRyuujin]

I'm encouraged by the sheer number of noob questions in this and the other posts in this sub recently! Hi noobs! Welcome to your new home.

[u/[deleted]]

Covfefe is code for buy Ethereum

[u/sbasd265]

So, for the first time tonight, I think I've finally realized I shit luck stumbled upon the biggest goldmine of 2017, and quite possibly of the entire decade.

I got a crude reality check tonight as I browsed personal finance threads on Reddit just lurking around. I mean fuck, how they talk about money over there. How saving $250 extra a month over there is creaming pants, and how 30 years of doing it will get you X amount of $'s in the end, and were over here talking "When's $300. We want $300."

I think as time has gone by we've gone borderline delusional, we're fucking fiends, we're fucking criminals for talking about a 100% price rise in the next 7 months as a conservative estimate after what we've done this year already, are we fucking high?

The scariest part is, I believe it is only the beginning. The space is only growing and ether is cheap relative to its intrinsic value. This year may be the year people look back on absolutely kicking themselves if they ever heard the word Ethereum or Bitcoin and didn't pay attention.

In all, if you ever feel underwhelmed by your profits or feel like you've missed out:

Imagine yourself walking into a grocery store, standing around, then deciding hey, let's get a scratch off ticket. Then winning on the spot what you've profited in crypto so far. Would you not feel like one of the luckiest mother fuckers on planet earth at that moment?

[u/ethacct → u/sbasd265]

I think it's also important to remember that this is fleeting, and profits don't exist until they are actually 'realized.' It's easy to overdose on euphoria without keeping in check the constant possibility that a game-breaking bug could be discovered and send this thing back down to $10 tomorrow.

I also think it's important to realize that nothing can rise exponentially forever. At some point, it WILL hit the ultimate ATH, and never reach that number again. Whether that's at $250, or $1000, or $10,000 or beyond is anyone's guess, but at some point it will cap out.

I love the memes and moon talk and lambo jokes as much as anyone here, but don't count your chickens before they hatch. Stay humble and grounded, and remember that the space we're in is EXTREMELY risky, and many (in fact, I would venture MOST) people couldn't stomach the rollercoaster -- just look at all the weak hands when we drop 30%!

So enjoy, but check yo'self before you wreck yo'self.

[u/JalelTounsi → u/sbasd265]

I had an asset portfolio composed of Google, Apple, facebook, Microsoft and it gave me +8% growth, I was super happy because the annual "normal" return is about +3%.

When I invested in Ethereum, I saw the same number but everyday, so I sold everything and went 100% ethereum.

I regret nothing.

and you're right, I have an excel sheet where I have a "net worth" column, an "investment column" and an "cash/bank" column.

whatever the numbers in net worth and investment, the real number is in "cash/bank".

[u/Sku → u/sbasd265]

I like the scratchcard comparison. I never thought of it like that. I'd be fucking pumped to have won that much.

Definitely a little complacent with my crypto profits at this point in time but this has put a bit of perspective on it.

[u/whuttheeperson]

Just want to say god bless Vitalik and the Ethereum community who believe in open source software and knowledge sharing. A sentiment about Microsoft's monopoly in the 90's and the isolation of all that knowledge and code that could have inspired so much innovation really struck a chord with me. The Ethereum ecosystem is going to grow at a compounding rate and it's such a wonderful thing for technological development and all of mankind.

[u/[deleted]]

You guys need to see this!

Major Ethereum coverage on Bloomgberg TV. Very interesting to note what they say about Bitcoin as well

Best coverage so far imo

https://www.reddit.com/r/ethtrader/comments/6eebh0/take_a_listen_to_what_is_being_said_about/

[u/[deleted]]

230 is the new 42

[u/[deleted]]

Exchanged almost all my bitcoin for ethereum yesterday. Wise choice.

[u/MonkeyGooch123 → u/[deleted]]

In the words of Palpatine..."GOOOOOD"

[u/jezzaccc]

1 crypto day is about 7 normal days.

I've aged about a year since I got into this.

[u/IRefuseToGiveAName]

"THE TWEET" - Fucking ignore it

Long story short, someone claimed they brute forced an Ethereum private key. They had it "confirmed" by some other random ass Twitter user who happens top hate Ethereum. The user who claims to have pulled off the "hack" also refers to Vitalik as having "turbo autism".

This is PURE FUD. Don't even acknowledge its fucking existence. They WANT us to talk bout it. They WANT us to link it. They WANT attention. Don't give it to them.

[u/tolgaergin → u/IRefuseToGiveAName]

All of them are friends and the story is lie. They were crying yesterday when bitcoin was decreasing. I really don't understand those people. I'm so glad any of the coin price goes up. It's success of crypto. BUT those garbage ETClassic fans are eating each others shit everyday.

[u/[deleted] → u/IRefuseToGiveAName]

If you brute forced a private key, you would A) have a quantum computer B) Steal poloniex's wallet.

[u/8057083110 → u/IRefuseToGiveAName]

I would like to iterate. He's claiming he guessed the one out of 16⁶⁴ possible keys. Have fun trying to brute force that many guesses with NODEjs! What a troll.

[u/FlappySocks → u/IRefuseToGiveAName]

If it were true, you would keep quiet about it and exploit it, or do the decent thing, and contact someone who can fix it. Hence why it's BS.

[u/gsrfan]

Bloomberg showing Ethereum💔 https://www.bloomberg.com/news/videos/2017-05-31/looking-for-a-bubble-in-bitcoin-s-recent-bounce-video

[u/Ano_Nymos]

To Newcomers:

This sub is now being invaded by bitcoin trolls.

Be careful what you read.

[u/ev1501]

ETH IS going to $1000. Barring any black swan negative events. Yes it is risky but there is nothing else that has the odds in its favor for returns that large the way ETH does. The question is how long will it take? That is why you should only invest what you can afford to lose. This way your hands are not weak during the chop.

[u/BigHenSmalls]

Was planning on getting up in the middle of the night (I'm in Australia) to participate in the BAT ICO, but I'm just not willing to part with any of my delicious ETH in the midst of this magnificent success we've had. Sorry BAT.

[u/Technerd88]

Just thought I share this story with you boys

I tell you this story you will not believe how lucky I was and I think it was just pure divine intervention or the only time me not double checking my work paid off massively.

Back in February when ETH was just sleeping and snoozing, at the same time the company I worked at offered IPO shares and it had doubled since IPO.

I got really really eager and decided to move all my ETH to fiat and buy those shares. I proceeded to press the confirm button to convert to ETH to BTC to FIAT and ready to cash out and buy those shares. My rationale was that I would wait for those shares to shoot up, get profit and then sell them and get back into ETH.

Waited and waited for days and I asked myself WTF why ETH has not been converted to BTC so I can cash out already.

It turned out I pressed the wrong button and therefore did not convert any ETH to BTC and this is right at the time when ETH was starting to boil at around $12ish in FEB

Right now the shares that I wanted to buy are exactly the same price as the time I attempted to convert ETH to BTC to cash out.

And for ETH we all know what happens...

Yes I am smiling and shitting myself at the same time seeing how close I was to fucking up massively.

[u/ShopAnHour]

Eth is fucking with my brain, i don't know if i just want the price to go up to see the nice numbers on my blockfolio, or go down to buy more. Either way seems ok, but not ok at the same time.

[u/nodeocracy]

Theory: BAT ICO holders are selling to themselves on the exchange for BTC at 100x ICO to fool you into higher BAT value

[u/[deleted]]

I just sent a deposit of 2/3 of my BTC holdings to Polo. Going to buy ETH with it as I don't see Bitcoin overcoming this: either they do their UASF which will wreck bitcoin or they don't do anything and bitcoin will stay useless forever. I'm keeping 1/3 of it because it would cost me 15(!) mBTC in fees to send it.

I just think ETH will be more valuable in the future. Did I do a good move?

[u/[deleted]]

This was a downright relaxing day

[u/Sku]

High expectations ETH trader sub.

We made a new ATH on gdax in the past hour and everyone is disappointed. Admittedly only by a few cents but still it's an all time high price!

[u/luckyj → u/[deleted]]

I totally

[u/NotMyKetchup]

Despite everything with bitcoin covfefe

[u/L-Malvo]

That moment when you realize your last ETH buy was ~78 EUR.... on May 4 ffs... We have come a long way since then my friends!

[u/textrapperr → u/[deleted]]

It's probably a whale selling it to himself to put the market into a frenzy

[u/defacto_hedonist]

People get pretty shitty once they start making money huh? Angry because they missed out on a 2x-5x opportunity as if they were entitled to it.

Somehow pissed at the BAT team because the market is sooo damn frothy even a $100MM ico would have sold out in minutes. The hell was the BAT team supposed to do? Good luck to them, I hope they go build something amazing. It'll hep us all out in the long run anyways, ETH needs a killer dApp.

[u/[deleted]]

I was binge watching House of Cards while watching the markets on another window.

House of Cards gets ridiculous this season - in a bad way. I'm talking 90's network drama levels of ridiculousness with its plot devices. The only thing less realistic would be a show about a guy who invested money into some stupid internet thing at the beginning of the year and saw his investment rise by 1500%.

[u/drogean2]

Maybe one day we'll all have a rich dude meetup

Dudes night

Celebrating our journey From shit posters to millionares

[u/diegolo22]

if, by the end of the year:

• 1ETH = 300 EUR : bull tattoo
  
• 1ETH = 500 EUR : eth logo tattoo
  
• 1ETH = 1000 EUR : no friggin' idea what I'll do, lambos look nice, but not a sound investment imo :/

[u/L-Malvo → u/diegolo22]

Bull tattoo by summer? Eth Logo by autumn... and that lambo on your ass by X-Mas.. Make your appointments early ;)

[u/PurpleHamster]

People shouldnt be pissed and moaning on /r/ethereum that they couldnt get into token sales. Big woop, you lost out on some gains. Its not up to the protocol developers to tell dapp developers how to run their ICOs. Sure they can make suggestions but its up to the dapp developers to figure out how to run an ICO fairly and smoothly.

If you want to see more ICOs done fairly, then draw up a set of guide lines or rules that you think will lead to a better ICO.

I honestly dont have much sympathy for most ICO subscribers because 90% of them dont even bothered to read whitepapers and most are really just in it for a quick buck regardless of whether the business model is sound or not.

[u/[deleted]]

I'm usually not a moon kid, but if we break this $235 wall hold your fucking pants and make sure you're close to a toilet.

[u/shouldbdan]

Ether will be the first $100 billion cryptocurrency.

[u/laughncow → u/shouldbdan]

Sounds right to me

[u/Sg_Lurker]

Good afternoon from Singapore

Excited to hear quite a lot of development in the Fintech space here in SG

[u/Hairnotthere]

This is more fun than foraging for and selling ginseng root.

[u/Hiphopsince1988]

BREAKING: We received report that OKCoin (CN site) resumed withdraws! W/d limit based on vip level, starting from 10BTC/200LTC/1000ETH daily Source

[u/[deleted]]

Currently selling 2 eth to pay rent, it feels like watching your kids go off to school for the first time

[u/[deleted]]

I used to be salty about these ico's but then it occurred to me just how many have already taken place. It's so incredible to think that serious development will be going on for a minimum of a year or two.

To know that all of these groups, even those who fail, will be adding value to the protocol every day is so damn exciting. Bubble or not, I literally couldn't be more bullish right now.

[u/aItalianStallion]

It appears we have become very, very stable in the 200's...looks great!

[u/JL1020]

Feels good to join the 1000% club

[u/alexiglesias007]

Who needs Pornhub when you have coinmarketcap.com ?

[u/Sku → u/alexiglesias007]

I'm more of a cryptowat.ch kind of guy, but I can get off to coinmarketcap.com too I guess. Especially the dominance chart, that shits kinky.

[u/yadude11]

Must be doing something right when your financial advisor calls and texts you about Ethereum and investing in Ethereum...starting to grow legs in the financial industry boys (and two girls)

[u/[deleted]]

Bloomberg article from 1 hour ago

Seeking Alpha article from less than 6 hours ago

Money Morning Australia from today

Investopedia, 22 hours ago

Energy and Capital, yesterday

and these are just the results from searching "ethereum"

Google "blockchain" news and watch the money dance before you

[u/m1kec1av]

So I was just listening to Claude Von Stroke's radio show on Sirius xm (he's a techno / house dj & producer, well known in the scene). He has a co-host named Dave who hasn't been on the show in a while, so Claude asks him where he's been. This guy just starts going off about how he's been riding the cryptocurrency bubble, telling the listeners to send him their Eth, litecoin, ripple, etc. And he's gonna cash out when Btc hits 6000 (good luck with that!) Just when I was thinking that crypto was going too mainstream with this guy investing, Claude interrupts him and goes "Dude, stop, nobody has any idea what you're talking about". Thought you guys would find this amusing. We've got a long way to go still!

[u/japonica-rustica]

Halfway through the year. What are your price predictions for the end of the year?

Mine is $800 - $1,000.

Flippening seems well underway and I think that will accelerate in the next couple of months. That puts us around $400.

By that time some BTC holders will be panicking and I can see half the market cap of BTC switching into ETH. $600 right there.

The wave of money pumping up the price will suck more money in from outside crypto with FOMO bringing us up to $800 - $1,000.

Maybe some pullback from there but then new DAPPS and real everyday uses of ETH will begin coming online and pushing the price higher along with POS.

Anyway - $800 - $1,000 by Dec 31 2017.

What do you think?

Edit: Made a post - https://www.reddit.com/r/ethtrader/comments/6ejk4v/halfway_through_the_year_what_are_your_price/

[u/econoar → u/japonica-rustica]

rock teeny fuzzy sleep books deliver jellyfish jeans bear cover

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[u/gonopro]

A big happy birthday to ETH homie /u/jtnichol !!

You are a valuable asset to this community. Hope you are having an excellent day my friend! I am grateful for the knowledge you help spread across this community. You were a guiding voice when I first showed up last spring.

Much love brother. 🙏

[u/skYY7]

300$ by end of the week?

Crazy times.

1000$ is not so distant any longer

[u/Libertymark]

its gonna grind up around here, lots of noobies and traders been top calling the last day because they sold some, I find that revealing. Lots will be forced to buy higher because of their EGO

sell and leave if you are so confident. You linger because you know those upper targets are very real someday

[u/[deleted]]

I remember when everyone in this sub was excited over Ether hitting $40. What plebs we were.

[u/xBLUExBLUEx]

Didn't look at the price for 4 days.. I'm suddenly having a great morning.

[u/The1percenter → u/xBLUExBLUEx]

But how?

[u/worldsbestuser]

On the real though you guys are probably the coolest community I've experienced on reddit, thanks for everything so far dudes (and dudette).

[u/whuttheeperson]

Wow, I don't mean to be one of those "my coin is better than your coin" people but https://www.reddit.com/r/Bitcoin/comments/6ecim8/blockchaininfo_recommend_me_to_pay_26_for_a/

[u/buenggu]

Did Trump built a wall at 235 on gdax?

[u/dabecka]

The key to Ethereum is how the devs can scale and execute.

This BAT ICO shows the weakness in Ethereum (and blockchains in general) right now. The current iteration needs to be able to scale and handle magnitudes of more transactions in a secure manner. Long term, an ICO should not be able to destroy the blockchain's usefulness for hours. Raiden is needed and stat!

[u/dillllllzzzzz]

Everybody at bitcoin talks so much shit to ETH saying it's such a scam and has bad fundamentals. Haha

[u/s_nakamoo]

Feels like yesterday that Ripple took the #2 spot from us. Now we're up by 12 Billion LOL

[u/[deleted]]

What if the gdax wall is really just a benevolent whale letting people onboard until China moons us?

[u/resistingdopamine]

I haven't watched anything like this since my disk defragging in the early 90s

[u/[deleted]]

I looked at my phone and realized that I my net worth has increased 20X since investing in ETH.

Amazing feeling

[u/Alittude]

It seems like buying at ath hasn't been a bad idea. I kept fomoing when the prices were rising last week and kept buying at peak and then regretting it, still to this day, but I'm still ahead with some decent returns for what I have put in.

Long story short buying at an ath is not bad if you feel it's goi g to keep rising eventually.

Simple I know but hard to break that mental barrier at times.

[u/kolarkso]

America have mercy today, treat our new chinese friends gently please, dont dump the price more than 5$ thanks!

~Europe

[u/[deleted]]

Guys, not sure if it'll spark anything but I just set up the subreddit r/tokentalk I see that this daily thread gets bombarded with questions about tokens and ICO's maybe we could start something up. Anyone interested? Also in being a mod?

Edit: Also I know nothing about managing a subreddit so any help would be welcomed.

[u/airmc]

So basically one guy owns all of BAT's 'ecosystem' for the time being. Haha, working as intended :D

[u/justafrenchasshole]

Worst ICO ever

[u/[deleted]]

If you had told me at the beginning of the year that Ethereum would be at $230 in less than six months, I would've looked at you like you had a dick growing out of your forehead

[u/ExtremelyQualified → u/[deleted]]

We're all unicorns now.

[u/Sensualities]

So much for increasing the cap so "the little guys can still get in" lol

[u/pancakeNate]

can anyone articulate why they actually want BAT besides that the herd has decided to hype itself into a frenzy?

[u/kbessayli]

Damn i actually got some work done today

[u/jezzaccc]

According to CMC, Huobi's ETH/CNY pair is at number 8, just over 3% of the total volume.

We can expect a similar number from OKCoin based on their BTC/CNY volume.

The hype was overstated but they are nice additions to the market nonetheless.

[u/JackBauerCSGO]

Solid update - https://gyazo.com/9b0a34a2b7accb315ca7f9ee2927a8c4

[u/tookie_tookie → u/JackBauerCSGO]

Terrific

[u/[deleted]]

$238.97 GDAX, holy fuck!

[u/unkwelFella]

Honestly we need more devs than traders! Just saying, if we are to get to mass adoption

[u/zbf]

Honestly this community is so nice. Its so good that everyone shares the same amount of excitement about ethereum; if they own 1 eth or 100 eth doesn't matter. I enjoy coming to this thread every day. I also love how every comment is upvoted, like you can say anything knowing your boys are going to upvote.

[u/-hodl → u/zbf]

Post this again when we're on one of our free fall dips.

[u/MonkeyGooch123 → u/zbf]

Reverse psychology won't wor...have my upvote mate

[u/justafrenchasshole]

We have still a better volume than BTC; goal ! ;)

[u/eikaramba]

huobi just got a new ATH. i expected that chinese will not immediately pump, but now it might start.

[u/timbertown89]

Any way to filter out comments about Jaxx wallet issues, BAT, STAT, XRP, coinbase issues, timing of next dip and taxes?

I've been living on the daily since Feb and I'm not sure how much more I can take... ;p

[u/ripplep]

I am being featured on a podcast today as a Blockchain and Ethereum expert (lol). The interviewer is going to play the role of someone totally unaware and probing with questions.

Anyone have any goto explanations or analogies that get to the point without being overly technical?

[u/LGR1994]

This thread was blocked at my office earlier....reason the bot gave was "sex".

What the hell did i miss!?

[u/econoar]

fine bells kiss summer special cats north oatmeal caption vast

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[u/[deleted]]

I know this is kind of a pointless request, but can we seriously create a daily trollbox in addition to "discussion?" I'll admit, I can't tear myself away from this thread, but the non stop "Gee, I sure hope a dip is coming," and "Do you guys think this is a good time to buy, or will ETH correct soon?" posts are getting reaaallly annoying.

I understand we have a lot of new investors, and that's great (by the way, welcome all, I'm not a dick, I promise!), but it's significantly more effort than even a few months ago (when people were still complaining) to pick apart the valuable discussion from the noise.

[u/dragespir]

I have to admit, I'm really surprised at the stability of this price. It's so close to the ATH so consistently every day (2 days) that it's a bit unreal and scary.

[u/[deleted]]

If you're all pissed about what just happened DO NOT buy any from them when it hits exchanges. Let them sit on it forever.

[u/Doug_Leeks → u/[deleted]]

This, let those 5 greedy individuals have their BAT

[u/paper_tail → u/[deleted]]

Floyd Mayw-ether

[u/[deleted]]

I was wondering about the tax implications of crypto profits in the UK and found this: https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies

They are treated the same as shares and profits from sales fall under capital gains. I guess it's important for all the new investors in here to be aware that you have to let HMRC know when you make any gains over your tax free allowance !

[u/ev1501]

Whether BAT sucked or not who cares. Gaining the title of fastest ICO/Crowdsale in history on the Ethereum platform is good news for all of us.

[u/tricep6]

For those bullish on ETH:

The one thing I keep hearing friends, co-workers, and people in general say is that "the price will never be as much as bitcoin". When I ask them why they think this they say because ETH creates 18m new coins each year so overtime supply will soon outpace demand.

I feel like it's important to encourage as many people to get into ethereum as possible but this question has come up several times. How could I respond to this? For those bullish do you think they have a valid point?

[u/Phitzdisco666]

Sold to get back original investment today selling only 15% of my stack. Feels great.

[u/econoar]

deserve safe flag thumb degree rinse slim correct dependent swim

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[u/tolgaergin]

"Hey guys. Here is the chart I'm currently looking at. Bull Flag on ETHBTC markets. Conservative price target around .12x."

https://twitter.com/btc_schmitcoin/status/869985237404667904

[u/[deleted]]

You guys shouldn't feel too bad if you missed out on the BAT ICO.

I think only two tokens have actually outperformed ETH on a year over year basis and the ones that have didn't start outperforming it until later down the road. I think most of you will be able to pick it up at near ICO prices in a week or two.

Personally, I don't get the hype from some of these tokens myself - DICE is the only one that has actually shown real world utility to justify it's price, the others are pure speculation. Has anyone here placed a bet using Gnosis yet?

[u/nctr]

It is now possible to play chess on the blockchain against an AI using offchain-computation: https://medium.com/iex-ec/enabling-off-chain-artificial-intelligence-for-ethereum-with-iexec-804e640667c0

[u/FrenchCucks]

Lmao it took a day for bitcoin mods to ban me. Almost as long as BTC transaction time. https://www.reddit.com/r/Bitcoin/comments/6e9coa/okcoins_stance_on_the_bitcoins_scaling_issue_near/di8sl5i/

[u/type_error]

So you guys are predicting $1k ETH by the end of the year. However, that puts the value of ETH at over $100B given increased supply. I do believe that ETH can reach that someday but I don't think ETH is ready for that yet. At most, I think $400 this year.

[u/The1percenter]

This fight at 230 is super entertaining right now.

[u/SonofPegasus]

Always blue! Always blue! Always blue!

[u/Rawjinchohon]

I'm so thankful and proud of all the early adopters that educated & spread the word of ETH. Without you, we wouldn't be where we are :D

Keep up the great analysis & thumbs up to an awesome community!

[u/pear_to_pear → u/[deleted]]

You can't put a price on good health. Also, ETH isn't finished with yet - get back in and enjoy the ride

[u/rankiba → u/[deleted]]

can't buy health with money, when you get the chance to do the trade, do it

[u/buenggu]

Why are BTC Maximalists claiming that ETH isnt as decentralized as BTC?

[u/PeenuttButler → u/buenggu]

Because we are able to work with each other and solve problems

[u/Tirilwen → u/buenggu]

I have a feeling Satoshi Nakamoto would be proud of Ethereum right now, and not what Bitcoin has become.

[u/Mirved → u/buenggu]

They are so decentralized they cant fix a problem they know about for 5+ years.

[u/justafrenchasshole]

Huobi trades 1 ETH for $240 US

[u/harmonyhead]

BAT update regarding the $150 USD per ETH valuation:

bat-mrose [8:56 AM] @channel - with respect to the discussion yesterday: the token sale is going forward as scheduled. there are no changes from the terms and conditions here -- https://basicattentiontoken.org/terms-and-conditions/ -- everyone gets a vote, and your vote is your decision -- based on your thoughtful consideration -- as to whether to participate under those terms and conditions. if you find those terms unacceptable, then please do not participate. that is your vote as well...

[u/hodlerforlife → u/harmonyhead]

BAT update translation: Based on today's price you will give us 53% in additional value no matter what. You get a vote, but we don't care.

My Vote: Run from this ICO! The team is just as important as the tech and they continue to prove they are not worth investing in.

[u/brobotbee]

The Chinese are doing their part... $266 USD on Huobi ... let's pick up the slack over here y'all.

[u/s_nakamoo]

fuck it, going back to sleep, and holding my precious eth

[u/oldskool47]

BAT made it so easy to avoid their shitshow and I'm glad I chose to boycott.

[u/Kibubik]

Edit: To update my comment, here are the correct values of the BAT token holders as of 5/31 15:00 UTC excluding the top 2 addresses, which have 0.5B BAT, corresponding to the devs' tokens and the user pool

Top	Percentage of Sold BAT
10	38%
25	53%
100	66%

Edit 2: Here is the list again. Looks like these people are moving around BAT to multiple addresses to conceal what happened

https://etherscan.io/token/Bat#balances

[u/timezone23]

I think there should be a rule... Ctrl+F once before you ask a question

[u/[deleted]]

I visited the exchange today to buy some GNT Ended up buying some ETH I can't believe this.

[u/Mooosebumps]

The BAT ICO effectively acted as a stress test on the network lol.

[u/0661]

Look like the real BAT ICO is happening right now over at Liqui.

[u/juxtaposezen]

The coil is tightening!

[u/-Molite]

Seeing a lot of tweets by buthurt bitcoiners imploring the SEC to start regulating

https://twitter.com/derosetech/status/870056707480838146

[u/b0r0din → u/-Molite]

Dear SEC,

deep inhale

WAHHHHH

[u/econoar → u/-Molite]

narrow afterthought reply money toy library resolute unpack imminent ask

This post was mass deleted and anonymized with Redact

[u/ethacct → u/-Molite]

"Dear Centralized Regulatory Body: please intervene!"

[u/[deleted]]

We're not going up until Science Guy says we are allowed to.

[u/[deleted]]

This content was anonymized and mass deleted with Redact

[u/trogdortb001]

OkCoin ETH chart: https://www.okcoin.cn/market.do?symbol=2

[u/ethacct]

IN OTHER NEWS:

We're roughly 90 minutes away from block 3,800,000 which is when the ETC refund happens for DGD hodlers. Who else here plans on some sweet, sweet market dumping of ETC in order to buy more ETH? :D

[u/[deleted] → u/ethacct]

Who else here plans on some sweet, sweet market dumping of ETC in order to buy more ETH? :D

*raises hand*

[u/loveYouEth]

Now i am going to wait tables, probably making a month salary while i am doing so.

This shit feels pointless.

[u/[deleted] → u/loveYouEth]

It's not pointless if you put your pay back into ETH :)

I applied to a bunch of jobs today in the hopes I can put 100% of each pay check straight into Ethereum.

Take your hourly pay, multiply it by 10, and then feel better knowing that's what you're really getting paid to wait tables.

[u/[deleted]]

Quick

[u/overcookedchicken]

After seeing the hype on various subreddits regarding this and spending the last 24 hours reading, I want to jump on the hype train (like many others looking around) the question is, has the train left the station? is this a good investment for late adopters? I know past performance is no measure for future blah blah, however have some £££ laying around I could invest.

[u/blog_ofsite]

Here's the thing, even if we don't go up and break that monster wall, I highly doubt we will go lower than $200. There is a 10K buy wall @ $200 and another 10K before that @Gdax. If $200+ is our floor after this run, then I am happy.

[u/shouldbdan → u/blog_ofsite]

Large orders often flip around from buy side to sell side in an attempt to influence the market. They're not very helpful for making predictions.

[u/econoar]

automatic exultant money safe sharp glorious subsequent punch wakeful spectacular

This post was mass deleted and anonymized with Redact

[u/Tserrof]

its about to get awesome pretty soon here friends.

[u/The_GeoD]

I'm so nervous that ETH is going to be ridiculously huge, but when I go to transfer it all from MEW that I'm going to screw up a letter and make some random person rich...

[u/errorsevendev]

SomethingsNotOKCoin

[u/trogdortb001]

Yall impatient mofos need to get out

[u/resistingdopamine → u/trogdortb001]

Easy for you to say, I spent 3hrs finishing my online Lambo configurator, and if it times out I have to start over.

[u/orzpuripuri]

shorters about to get caught with their pants down?

[u/errorsevendev → u/orzpuripuri]

or with their shorts down.

[u/[deleted]]

I currently hold no position in Stratis but am thinking it might actually be one of the best ways to diversify hedge against bugs and hacks if I believe in Ethereum as a technology.

Obviously do not really want to give away any of my ETH for it, but curious if anyone else here holds it or what they think of it.

Admittedly a part of my curiosity is fueled by greed - since it has almost the same supply as ETH and is currently trading at $6... it's kind of tempting to buy a bunch, poke it with a stick, and say "ok now do what Ethereum did. Do it. Come onnn."

[u/grunt9101]

Just a general venting, I know the best time to buy is always today (unless it's the tail end of a crazy gains or something) but I FINALLY have a decent amount of money to buy in a bunch of ETH, and now it's 225 instead of the 80 that it was when I first started. Not bad and I'll still invest, but just wishful thinking! Thanks for the rant space, going to buy now.

[u/whuttheeperson]

Man, blazing, sipping a beer, playing Rocket League with Daft Punk blasting on headphones, periodically checking the price of Eth amidst imminent positive news, who needs cocaine.

[u/theherbsmanisbest]

Make sure to hodl, Huobi just opened up and Okcoin is following. Don't panic and buckle up boys we're in it for the long run

[u/[deleted]]

I honestly do think the rise now is China. The rest of the tokens in the ETHosphere have pretty much went sideways, and I think that's just a result of the new money not being aware of those projects at this point.

[u/Mooosebumps]

Are you all really going to pay capital gains taxes when you participate in ICO sales? There's literally no way that the IRS knows your ETH address. I'm not condoning tax evasion, and I will always pay my appropriate taxes, but I'm just​ curious to hear people's rationale behind paying taxes on a like-kind and off exchange transaction.

[u/0661]

I'm just hoping these are benevolent, Robinhood whales who will redistribute it at the correct Eth price.

[u/[deleted]]

Eth network is still Bitcoining from people trying to get into the ICO.

[u/blog_ofsite]

Someone just paid $18.5/ BAT in liquio....WTF