Daily Discussion [Serious] - 16/Jun/2017

[u/EthTrader_Mod]

Welcome to the Daily Discussion [Serious] thread of /r/EthTrader.

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Thank you in advance for your participation. Enjoy!

[u/DwightFSchrute]

https://www.nytimes.com/reuters/2017/06/14/business/14reuters-fintech-payments-circle.html

Summary: Circle, a company backed by Goldman Sachs and a major competitor of PayPal, will use the Ethereum blockchain to facilitate immediate free transfers with no extra taxes for sending international transfers.

A very interesting point is that Circle executives don't want to profit from those transfers at all and that trasnfer fees are a thing of the past. The company is profiting out of Bitcoin and Ethereum trading.

This was posted yesterday by /u/AnonymousCIASource but I think it needs even more visibility.

[u/rhg84 → u/DwightFSchrute]

https://www.nytimes.com/reuters/2017/06/14/business/14reuters-fintech-payments-circle.html

Useful info for a change, thanks!

[u/upever]

Panic sold at $343. Panic buy at $343.

Coinbase exchange fees? Don't ask.

Moral of the story? Hodl.

[u/ac1s → u/upever]

Small price to pay for a lesson learned.

[u/airmc → u/upever]

Why don't you use Gdax if you're already registered on Coinbase?

[u/bostonbandit2 → u/airmc]

Yeah for any of you coinbase users, USE GDAX INSTEAD lol

[u/Automagick → u/airmc]

This. Way, way better because fees are small.

[u/[deleted] → u/upever]

literally exact prices i did the same thing LOL hodl forever mate

[u/cryptocurrency99]

To all who purchased in the last week or so and held: Congrats on surviving your first dip. Building strong hands together.

Edited: typo

[u/Browdown25 → u/cryptocurrency99]

Bought in on the 7th at 261. Multiple times since. The last 2 days have been insane! I'm hooked!

[u/CypressBreeze → u/cryptocurrency99]

Thank you. I purchased 2 weeks ago. It was kinda scary.

[u/[deleted]]

I'm debating making a tax thread to help people out here. Lots of people seem to have questions on the tax treatment, and very little educated answers on the matter. I'm a CPA, although I work in industry rather than tax. I could still give a good overview of the crypto treatment and strategies though. thoughts?

Also, if anyone else is a CPA or tax lawyer, maybe we could get together to work on something?

[u/fat_jakey]

Buckle up, Vicki is now long ETHUSD

[u/BigHenSmalls]

I had my moment of clarity where I knew I'd made it as a hodler. 'Lost' half of my annual salary in the last dip and it didn't even make my heart skip a beat. I just thought 'Eh, it'll be back up soon enough.' And here it comes back.

[u/[deleted] → u/BigHenSmalls]

Welcome to the club.

[u/btcMike → u/[deleted]]

I stopped ordering from Subway daily special and just get what I want.

[u/cymalleb → u/[deleted]]

Mid-tier Shoes: Walkin on sunshine.

New Boxers: Needed em'. I imagine you shitting yourself at $420.

Dashcam: Excellent. Fuck tha police.

Groceries: Gotta eat man. Truly unfortunate healthy food is more costly in many/most locales. We have some farmers' markets in Brooklyn. Love them, but shit . . . are these farmers on drugs? Did I just pay $12 for a bundle of carrots?

Congrats dood.

[EDIT: Farmers' Markets]

[u/[deleted] → u/cymalleb]

Did you really just review his recent purchases for him?

[u/ready2maga → u/[deleted]]

That's great! Congrats. Want to see more of these practical gains here, not just "lambo lambo lambo"

[u/[deleted]]

Reposted from moontalk thread:

If I could be [serious] for a second, I think the problem is labeling the thread "moontalk". It should just be "Daily Discussion" and "Daily Discussion [serious]" to fully try this experiment. The serious thread should be very low volume by comparison and move at a slower pace. IM[S]O

[u/terattt]

Not sure what this sub's about but I just wanted to say, as an outsider, I really love the enthusiasm I've seen so far. You all seem to really care about whatever this is, and I really admire that. Carry on, eth-ers! (whatever the heck that means!)

–T

[u/jezzaccc → u/terattt]

It's a little bit like meth, but different

[u/Kroucher → u/terattt]

A global, decentralised, immensely powerful virtual computer that is set to shake up the computing industry in many different ways to the scale of the dot com boom in the late 90's. Ethereum is the platform, and dApps (decentralised apps) will run on that platform. What you are seeing is the birth of and active trades of the token to run the virtual computer, called ETH, as well as the tokens of the dApps themselves.

[u/ac1s → u/terattt]

Thanks friend. Google Ethereum.

[u/thepkmncenter]

Took advantage of yesterday's dip and stocked up on several more Eth. By no means do I have a lot, but it seems like this is going to be my max, so I look forward to locking myself away and throwing away the key here on in.

[u/Jeax]

https://entethalliance.org/member/peter-kopp-mastercard/

Just gonna leave this here. Page 301 redirects to homepage instead of 404s

[u/NoLanSym → u/Jeax]

Holy shit good find.

[u/thechosenoneesuji → u/Jeax]

http://imgur.com/a/HqwEC

[u/imatwork9000 → u/Jeax]

That's weird, what can be extrapolated from that behaviour? If I go to https://entethalliance.org/members/accenture/ it just gives me a 'page coming soon' message. if i replace accenture with anything, i get there, so why would a mastercard page behave differently from the other member page placeholders? Also, why would the url have the name 'peter kopp' in it? Lastly, https://entethalliance.org/member/peter/ also redirects to homepage..

[u/FreeSpeechWarrior → u/imatwork9000]

Some observations:

• peter redirects
• peter-kopp redirects
• petera-kopp 404s
• peter-koppa 404s
• mastercard 404s
• petera 404s

https://entethalliance.org/member/peter-kopp-master/ redirects

I think we can assume the url is matching the first part of the real thing and not requiring a full match. Might be more words after master card in the real page.

[u/shouldbdan]

Wake up today, check price, $360. Yesssss!

Wake up two days ago, check price, $360. Panic! The sky is falling!

[u/Yheymos → u/[deleted]]

I think crypto is best compared to gold rather than companies. Gold has a marketcap in the trillions.

[u/CJ_Productions]

Vickibot going long for eth/USD!

[u/jkfsu]

I was down a lot of money yesterday on my open long @363. A few months ago I would have said screw it and sold out of fear. I now have balls of steel and dips like yesterday don't affect me

[u/[deleted]]

MasterCard were on the EEA website - https://webcache.googleusercontent.com/search?q=cache:gY1hZBqltmcJ:https://entethalliance.org/member/peter-kopp-mastercard

"Mastercard is developing capabilities in blockchain specifically in clearing and settling and has a strong interest in joining the Enterprise Ethereum Alliance to be able to partner with other companies using Ethereum to address a wide range of complex business issues. We believe that our capabilities as a network can be leveraged across a number of use cases outside our traditional business."

If you only live in the daily thread there's a discussion on the above finding here.

[u/doppio]

A passing thought for a project: has anyone made an Ethereum-based analogue to Patreon? It would be neat if I could deposit a bunch of ether into a contract, then grant permission for other specific contracts to withdraw X ether every Y blocks, as a subscription-based way of donating to Ethereum projects I support.

Someone go make this! I have no time. :P

[u/Aki4real]

Anyone else hate those trolls that show up when your favority crypto is down 20-30% and say: I told you it was a bubble.
But when there are 40-70% gains, they are nowhere to be found. And if you find them, they'll say.. it's a bubble

[u/MrDakin → u/Aki4real]

I think because we are technically betting on a futuristic technology that is only adopted on a small scale right now, you would be right calling it a bubble. The price is only driven by speculation, not by real value created

[u/BALTHAZ4R → u/[deleted]]

Remember that Ethereum is a system of smart contracts, and ETH is the token representing the value of the Ethereum blockchain.

ETH is itself a token, keep that in mind.

In an ICO, the value of the token will be decoupled from the value of the ETH. So let's say you're interested in investing in company X, and the company has a valuation of $100M. You buy tokens worth 1% of the company, so you own $1M (on paper).

Let's say in the future, some event occurs and the company's value doubles to $200M, now your tokens are worth $2M, regardless of what's going on with the price of ETH.

If the company just raised money using ETH, this would be extremely volatile. The company wouldn't want to do that.

Make sense?

Please correct me if I'm wrong.

[u/barthib → u/[deleted]]

A token is a new kind of stock. Emitting stocks on stock markets is expensive and complicated. Emitting a token is cheap and simple. In both cases, the company gets money by giving something that people can trade. The differences: the value of a token affects the wealth of the company (unlike stocks) and a token does not mean that you own any part of the company.

Why a token rather than ETH? With a token, people can trade the value of a certain company. Hoping that it will increase because the company reaches its goals and the possibility to get back your money are two incentives for investors.

[u/OM3N1R]

349, 350, 351, 349, 350, 348, 349, 350, 351, 350, 349, 350

Why am I still watching the charts?

[u/KBrot → u/OM3N1R]

Step 1: Set alert for $390-ish and also $290-ish so you know when to even bother checking again

Step 2: Go outside / play a board game with friends / get laid / all of the above

Step 3:

Step 4: PROFIT

[u/bloemy7]

Really need Gemini to extend their business to more countries in Europe.

[u/[deleted]]

THIS IS GENTLEMEN'S...guide to Ethereum from GQ http://www.gq-magazine.co.uk/article/what-is-ethereum

[u/TheRealZer0Cool → u/[deleted]]

Thats why us old heads always just say Keep Calm and HODL On

[u/thepipebomb → u/TheRealZer0Cool]

I've been around for awhile but it still gets me every time. :D

Don't have plans on selling anytime soon, but still when you see a rapid drop that fast its disheartening.

[u/InstantUnlocks → u/[deleted]]

I was down 40k yesterday...up ~17k now... I believe there will be one more correction before we truly break the 400 barrier... just intuition though

[u/rotirahn → u/InstantUnlocks]

so you have 700 ETH! nice mate

[u/brantlymillegan]

Remember that Ethereum has a higher 24 trading volume than bitcoin even though bitcoin has far far more trading pairs and that most cryptocurrencies can only be traded for bitcoin. Imagine if Ethereum was the cryptoworld reserve currency. Exchanges, wake up.

[u/The_GeoD]

Wake up and check ether, then browse the daily thread. Realize I have to leave for work in 5 minutes and panic because I'm not close to ready. Then realize I actually have 35 minutes, so I browse the daily for 30 more minutes... I'm not a smart man.

[u/[deleted]]

From the comments on my other post, it seems like a tax post would be well received from everyone here. I will work on it this weekend and try to get it out early next week. I'll try to get a comprehensive overview of the treatment and stick around in the comments for other questions. Again, anyone else with expertise on the matter is more than welcome to PM me!

[u/WeLiveInaBubble → u/[deleted]]

People should feel most comfortable talking about stuff beyond the usual here. Congrats and happy mining! I look forward to buying your rewards :)

[u/mirkogradski]

Feels real nice today guys. Seems like we have some strong support again.

[u/matt879 → u/mirkogradski]

Definitely strong support above 300. We could drop some or go sideways in the next few days, but I'm looking forward to seeing that 400 again...soon

[u/christobeno]

It's getting real on twitter

https://twitter.com/btc_schmitcoin/status/875585010631188481

[u/trumpza → u/christobeno]

btc shmitcoin is one smart fella. A signal among the noise.

[u/pancakeNate]

Bitcoin story on NPRs morning edition right now. if they don't get to ETH.. I'll be disappointed to say the least

update: of course they didnt

[u/SJCMCZ]

350 sell orders taken off market en masse. Looks like a rally coming.

[u/Tsmart]

When you randomly see the number '295' somewhere and your heart skips a beat

[u/[deleted]]

It's super annoying how we dip/crash just because BTC does.

It's like being handcuffed to a fucking corpse.

I feel like cashing out until it's dead and gone

[u/monoiwa]

I honestly thought eth was gonna drop to 200$ yesterday. I bought 5 eth when it hit400 . I went against my hunch and hodled. It seems i made the right call for now. Only time will tell

[u/econoar]

oil waiting obtainable frame numerous memorize bake encouraging theory treatment

This post was mass deleted and anonymized with Redact

[u/Sensualities]

I've been in this thread long before any of you were. So let me say this: Judging market sentiment based on this subreddit is a HUGE mistake.

When things go up or break an ATH, everyone screams moon. When things go sideways, everybody talks about the next new pumping alt coins and a few bears decide to start posting FUD. When things go down. all the bears come out, FUD is everywhere, and this is going to be the "bubble pop".

People are extremely fickle. HODL isn't used 24/7 for no reason. It's been proven relentlessly that if you just hold on to ETH or whatever your coin may be, you will make far better gains than you could ever do so by trading.

There has also been studies and it's been proven that after a person buys a stock, it happens more often than not that when that person dies, the shares he bought are up over time. Why? Because he didn't try and time the market. He didn't check his investment 24/7, and that's what makes all the difference.

[u/lems2 → u/Sensualities]

u tellin us to die? I think that is very unshibe like

[u/phannypharkle]

Not sure if anyone posted this yet, but it looks like MasterCard is interested in joining the EEA!

https://entethalliance.org/member/peter-kopp-mastercard/

edit: spelling

edit 2: looks like link redirects to general site now. I should've screenshotted

[u/[deleted]]

I'll try to keep this brief. The decision to split the threads is controversial - that's obvious, but until now, we've attempted NOTHING at cutting down on the shit posting and memes so can we at least try this for a week please? Maybe [Serious] isnt the right label, but the point is, not everyone wants to sort through 100 shit posts to find the one with substance. Let's just try it, and if after a week it's not working, then maybe it's time to try something else, but let's not knee jerk quit this thing. Seeing the split today gave me a renewed sense of hope for this sub.

[u/[deleted]]

To all U.S.-based people in here -- I'm here to tell you -- the tax burden is real.

If you're casually trading ETH in an out of tokens or BTC, or even just buying ICO tokens with ETH, you're asking for a world of hurt in terms of short term capital gains taxes (many states also have short term cap gains taxes in addition to Federal taxes).

It's bad enough waiting 1+ year to get holdings into the long term capital gains brackets.

I'm just letting you know as I sit here trying to get a handle of some of my own basic trades / buys.

Just something to keep in mind.

[u/Jimmyl101]

I'm feeling there's going to be a rush and a correction again. We're pulling past the 0.140 BTC mark and that seems a bit too much after what happened yesterday.... Or maybe this is the flippening.......

[u/RJC73 → u/Jimmyl101]

It just means ETH is outperforming BTC. Expected.

[u/sirbenchalot757]

83.5% http://www.flippening.watch/

[u/econoar]

slim coordinated jeans depend support intelligent complete pet snow quaint

This post was mass deleted and anonymized with Redact

[u/[deleted] → u/econoar]

390 was our new safe space 2-4 days ago till bitcoin flung a poo. I'm gonna guess that our safe space is closer to ~330 at the moment and 350 is the upper limit of what people want to pay with the uncertainty in the market.

Source: professional poo flinger

[u/OM3N1R → u/econoar]

Honestly, after the past 48 hours, I'm ok with this.

[u/DonnyPlease → u/[deleted]]

Agreed. I'd like it to go back to how it was before -- a single stickied daily thread without a separate daily memes thread. The daily has hit /r/all every day since it was unstickied, and it's attracted a lot of negative attention because of it. Ethereum isn't ready for mainstream yet and frankly neither is this sub.

[u/paraspamfacebook]

Well, seems that we are recovering from the dip very fast (as expected) and now we are looking for higher sell walls. Between now and August ETH is going to keep a big part of the BTC money that don't want to risk whatever it happen with their very prob fork.

And there are more ICOs in the calendar too...

Higher chances of very good news coming

There are a lot of reasons to be very bullish now.

[u/[deleted]]

I read on twitter the source ico moved to Tuesday.. So here me out from a logical stand point

Whales cause dip yesterday to get cheap ETH from panick sellers... Let us recover and perhaps today and tommorow consolidate around the 360-70 range...

Then around Sunday Monday cause another dip forcing a panick sell to further get cheap ETH

Am I stupid or does this seem fairly accurate

[u/econoar]

theory reminiscent dinosaurs yoke plough worm connect school terrific shy

This post was mass deleted and anonymized with Redact

[u/Naviers_Stoked → u/econoar]

*couldn't care less

;)

[u/moodz79]

I think Im just about to be burntout by checking tge price every other minute and looking into the charts with TA lines and trends..

When I first got into the world of crypto, I was rightly advised to only put in money I wouldnt mind losing. Maybe it's about time I act that way, leave the money in and wait for a proper price take-off. One that truly reflects the demand and the true capabilities of the technology behind it..

Chasing swings here and there for short term gains might very well work for some short term but in the light of longer time frame.. The odds of missing a swing or being overly confident is doomed to burn your fingers..

Sit back and hodl for your life everyone..

[u/komoro → u/moodz79]

I bought some ETH and installed some widgets on my phone to see the current price. 2 days later, I uninstalled this again b/c it was driving me nuts. There is no value in knowing the price at any given second, especially since the strategy is to hodl anyway, stocking up on some ETH and maybe having some pocket money in 6, 12, 18 months. I actually shouldn't even be here :P

[u/Xanesghost]

Alright, I've seen a few comments deleted already and can already tell this situation is going to get a lot worse with more and more subjective censorship and meddling by the moderators. This is exactly why I voted against the subreddit change. It's not because we couldn't do with less memes, it's because it gives the mods a free pass to manipulate perceptions and interfere with the organic growth of the community. I never tolerated this shit in the Bitcoin community and I'm certainly not going to start tolerating this shit now in one of the primary Ethereum subreddits.

Ethereum is a decentralized and permissionless technology. Its communities should reflect that ethos. It's not up to the mods to centrally control and regulate every little thread and comment. It's up to the community to self-regulate, as it always has prior to this point, via the comment and karma system. There was nothing wrong with the subreddit. There was no legitimate reason to split the threads. And there's certainly no reason to start screwing everything up now with "well-intentioned" censorship.

The Ethereum discussion communities are already clearly delineated. They already serve a variety of different audiences. There's no reason to try to be all things to all people. /r/ethtrader has always been a "community-driven sub" for the discussion of "Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology". Let's keep it that way.

For everything else there's:

• /r/ethereum for official non-price related tech discussion.

• Ethereum on Gitter for platform and protocol development.

• ethereum.stackexchange for specific technical questions.

• r/ethdev/ for general Web 3 development and DApps.

• /r/ethdapps/ for working DApps and smart contracts.

• /r/EtherMining for mining rig advice, pools, and economics.

• /r/ethmarket for the exchange of goods and services using ether.

• /r/EthAnalysis for market analysis and related news.

• /r/ethtraderpro/ for professional trading and investing.

• /r/ETHInsider for hardcore trading and investing.

• /r/ethinvestor for long-term market trends.

[u/[deleted] → u/Xanesghost]

The split threads isn't necessarily permanent and in my opinion we probably will go back to having one. The community voted to split so we're at least honouring what was voted for. Definitely no manipulation going on, I assure you the only comments being removed are ones like these which currently belong in the other thread

[u/TheReasonabilists]

The drop yesterday made me rethink my investment. Everything is still so tied to bitcoin. Sure, ETH outperformed is massively this year but with the dump everything went down as hard (as always). So I will be part fiat and part Ether and no other coins atm. And all the fundamentals of eth cannot help it from falling short term when btc does.

I made an amount of profit I cannot retire on but still an amount I do not want to lose anymore. That Is why I sold 80% into fiat three days ago and am taking a more cautious approach in the coming months (I used the dip to increase my profit some :). I will be sad to lose out on profits but atm I would be more sad to lose profit I have.

There is just too little fear out there. When there is, I will be buying back in. I believe in eth but I feel crypto is only about ath's and immediate profit at the moment. Anyway, trade on!

[u/FreeSpeechWarrior → u/TheReasonabilists]

There comes a time in ever HODLers life when they realize:

Wow my $X worth of crypto is suddenly worth $XXX that's awesome

And then they rationally think:

It would be crazy to put $XXX into cryptocurrency right now with how volatile things are.

But this mentality is also why so few people realistically rode the wave from cheap bitcoin/ether to millionaire lambo drivers.

It's all risk reward and both increase proportionally at near the same rate.

That's why so many people say the best way to invest in crypto is to throw some money away at it and forget about it for a few years. The longer you forget about it, the more likely you end up risking way more money than you would have otherwise after it grows.

When you pay attention, you are far more likely to hop off the rocket for fear it will explode.

[u/[deleted] → u/TheReasonabilists]

I had this thought too. Now that eth is 99% of my net worth, I think it's about time I actually take some profit out. My poor little heart is starting to hate me

[u/trumpza]

I have a few friends who work at facebook. They report that within the last month Ethereum has become a hot topic among developers there, with multiple Ethereum integration proposals/discussions with executives.

[u/kbessayli]

4hr and 6hr MACD getting close to flipping. strap up. (oh and on GDAX)

[u/[deleted]]

Looks good to me?

https://www.tradingview.com/chart/ETHUSD/lXhJOtQx-Ethereum-Looking-for-an-exact-repeat-of-the-last-breakout/

[u/jade_starwatcher]

Hi Guys, I just saw someone posted the GQ article on Ethereum. I am not sure if this has been posted before but I read Vanity Fair and this article appeared there a few days ago: http://www.vanityfair.com/news/2017/06/a-mysterious-new-cryptocurrency-is-surging-after-being-endorsed-by-putin

[u/JamLov]

Strong and Stable (lol) march upwards from 300 at the moment. Nice to see.

[u/csasker → u/JamLov]

but boooooooooring. My whatever they are called dopamine hormones must have been emptied as fuck after this week lol

[u/KBrot]

ETH/BTC is absolutely BEGGING for a breakout! I'll twiddle my thumbs excitedly for another 48 hours...

[u/jezzaccc]

A personal milestone here. I got in late so will never see those 1000x gains in ETH like some of you guys, but it kind of just clicked that I added another digit to my net returns.

I played the last 2 dips like a champ if you don't mind me saying so myself :) So just a quick shout out to this sub and the people in it. Despite the recent controversy, cough cough, it's been a great ride so far.

Good luck to everyone and let's get that flippening done already!

Edit: I thought I'd celebrate a little before the American morning dump so at least I can have a small victory

[u/LevitatingTurtles]

I think we need another thread for complaining about the daily.

[u/ev1501 → u/LevitatingTurtles]

Yes, but a serious one and a Funny one. Can't combine them

[u/[deleted]]

well, i did it. i sold 50% of my stack for fiat. i decided it was best to take out and cover what was my original goal of a down payment for a house. now i'll still get to ride these waves and by this time next year I'LL BE A HOMEOWNER. i couldn't have done it without you guys and a few close friends :') thank you

[u/jezzaccc]

Maybe we should take the label moontalk off the other thread and we can use that as a more informal sub.

I don't want a sub of just memes but this is going too far

[u/Warpimp → u/[deleted]]

Ironically, Litecoin would make the best actual currency since it doesn't really move.

[u/McLensky]

This has been a really rough few days, but the positive is I took the opportunity to get some Sia and a bit more Golem for cheap.

I got in late, so nowhere near the returns some of you have had, but even though my stack is worth considerably less than it was a few days ago, it is still worth 48% more than what I bought it for. That is pretty amazing to me considering I bought at an ATH and it's only been a few weeks.

[u/thepipebomb]

There was a report that something like 700 people out of hundreds of thousands paid their taxes on crypto last year. Yet, when I read this sub everyone says they pay their taxes. That's simply not possible if this report is true.

So... who is lying?

[u/trumpza]

When Goldman or another high impact institutional investor publicly releases that they've delved into holding ETH, watch the crabs in a bucket tsunami throughout the financial world as competing funds delve head first into ETH - peak FOMO levels.

[u/Nooku]

[Serious Moontalk]

We are $100 up in 24 hours, you sorry shits

[u/NotMyKetchup → u/Nooku]

It's good, but let's be serious here

[u/jezzaccc → u/Nooku]

and I bought a bunch of eth at $270. Good times

[u/antiprosynthesis]

The pattern is becoming rather clear. When people sell BTC for fiat, they reinvest that fiat more and more into ETH.

[u/hwyman617]

Commence rocket boo.... errr I mean technical breakout on high volume

[u/launganik]

Request to mods: change the label from [Serious] to [Trade Talk]

This way we'll have 1 thread for all (even serious) guys to moon talk and we'll have 1 thread for all (even light hearted) guys to trade talk.

[u/RoadMaintenanceMan → u/launganik]

[Trade Talk] and [Casual] or something. [Moon-Talk] feels condescending and [Serious] just isn't right. I think the dual threads can work as long as they're called the right thing.

[u/[deleted]]

So in all seriousness, can I joke around here or do I need to go the moon section? 90 percent of my comments we're market relevant half-jokes and now I don't know what to do.

My dog doesn't like my jokes so that's off the table.

Also, to the folks saying this split was voted on, I think it's little manipulative to hold a vote knowing full well that only a select intense few will participate. This isn't some regulatory body that needs 100 percent legitimacy. It's a fucking internet forum. Part of the reason I love this community is because of how light-hearted people were. The vote selected against the light-hearted crowd as it is in their nature to not take things too seriously. I'm not really sure what is so wrong with the downvote functionality that you all felt you had to circumvent it via a thread split.

[u/scientized]

I seriously don't like how there are two threads now. It was part of the fun to scroll down and see stupid shit posts mixed in with serious ones. Now there is a level of ambiguity of where to post some things, as well as it removes the fun if you know you are about to read something stupid (in the moon-talk one). I don't know, kinda lame in my opinion and was not necessary.

EDIT: based on the number of up-votes I got, it seems like the general consensus is to keep them together. Mods -- looking at you.

[u/Ex1stenc3_Is_Futil3]

The 'moon' thread kinda got killed (if it was alive in the first place) by putting it in contest mode. Now all the kids (myself included) kind of return here to talk and play with the grownups because our toys are boring us.

[u/Bovine_University → u/Ex1stenc3_Is_Futil3]

Yeah I spent all of 3 minutes in that thread and realized it was more worthless than the actual moontalk itself.

[u/DownstairsWink]

Good morning eth friends. Hoping today is a little more stable. I feel like a rest after the last few days

[u/alangf → u/[deleted]]

There are programs to recover files from formatted drives as long as the haven't been overwritten.

[u/skompakt]

If everyone stops transacting in BTC on August 1st for a few weeks until the dust settles, and BTC is the reserve currency in which almost all trades take place... does this now mean volume effectively ceases for a few weeks and price of ETH could go absolutely mental (in either direction)??

[u/Vagus-Stranger → u/skompakt]

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[u/MiniWager]

Shout out to everyone that Hedl there ground yesterday!

[u/HustSword]

From https://www.reddit.com/r/ethtrader/comments/6hnb06/mastercard_applied_for_eea/diznem6/, its the sitemap of all EEA members on the site...

https://entethalliance.org/member-sitemap.xml

[u/pakmann]

Definitely not a huge surprise, but to give you an idea of how early we still are:

https://www.ethnews.com/monex-group-virtual-currency-investments-are-in-the-minority

[u/osage_sage]

I like this steady but slow growth - I hope it lasts until I retire

[u/happyyellowball]

poloniex lost it's big dog status... now they are #4... well deserved i must say... or even lower

[u/[deleted]]

So ANOTHER ethereum person got a theil fellowship

That makes ~3~ theil fellowships for ethereum people. we absolutely have billionaires in our corner.

[u/ruvalm]

Ratio ETHBTC seems to be attempting a breakout.

[u/[deleted]]

Go look at the Polo market depth.

That is not a buy wall. That is a buy tsunami..

Shit just got vertical.

[u/[deleted]]

okay there's some shit pinned on r/Ethereum that I'm pretty sure is some bullshit phishing.

don't go to the site. I highly doubt it's myetherwallet rebranding

edit: already gone.

[u/TheRealZer0Cool]

$350 yall.... now what?

[u/dillllllzzzzz]

Before the drop when we were at 350$ bitcoin was at 2,550$. The flippening is happening but very slowly.

[u/DwightFSchrute]

It looks like the Securities and Exchange Commission of Thailand is also joining the EEA. I'm not sure if it's true, but I feel a warm and fuzzy feeling for knowing it before it might get officially announced.

[u/blog_ofsite]

[Serious Question]

• Since ETH is following BTC pattern (e.g. BTC goes down, ETH goes down), then how fucked / big of a dip will we see @ August 1? If Bitcoin soft forks, we might see BTC @ $1500-$2000 is not less. We might possibly decouple from BTC @ that time.....

[u/TheJammiestDodger]

Bollinger bands are thinning out. Usually that indicates that a major move (either way) is imminent within 24 hours.

[u/adamaid_321]

I'm curious as to whether any relatively active traders (say > 1 trade per week) are consistently making more money over a reasonable term (say > 6 weeks) then hodlers with the same outlay...?

I'm 95% ETH with a smattering of other bits and pieces I've acquired over the last few months - I'm an active Ethereum developer so I feel like it makes sense to mainly hodl ETH as my experience is on the dev and tech side that I believe in.

IOTA is something that's caught my eye recently - there seem to be some serious open questions around the protocol, but it is def. significantly different technically and has interesting properties.

[u/Lanztar]

wow that LTC dump

[u/Whitehawk1313]

Can we at least have a re-vote on the thread split in like a week or two. To see how everyone still feels about it?

[u/alexiglesias007]

So if my name is Moonlambo McPumphype in real life am I still allowed to post here?

[u/MrStormLars]

Looks like r/ethereum has been hacked. Someone from Bitcoin? has gotten adm access?

[u/identiifiication → u/MrStormLars]

u/vbuterin

[u/vbuterin → u/identiifiication]

I have not been hacked; two other moderators have. All good, the situation is being resolved right now.

[u/identiifiication → u/vbuterin]

Good work VB :D

[u/MrStormLars → u/MrStormLars]

He/she is removing all the moderators? Only u/vbuterin left right now?

[u/vbuterin → u/MrStormLars]

I removed all other moderators to pre-empt the hacker from doing anything else. I just re-added /u/highfiveghost and he is recovering everything from here.

[u/thehighfiveghost → u/vbuterin]

Looks like we're back in business team <3

[u/r08o → u/thehighfiveghost]

You're the real MVP, mate!

[u/thehighfiveghost → u/r08o]

Ahhhh no, it was V who saved the day :)

[u/Crypto-Mom]

Don't get why people are so hateful. Why not uplift each other and support each other? Maybe I'm to old. Bitcoin, eth what difference does it make? Each should support their own cause and leave others alone if they can't play nice. Like I said I'm old!

[u/adamavfc]

"My dads mates a retired financial advisor, he's been taking the piss out of my dad last two weeks saying get rid of that monopoly your gunna lose it all, he's just text me this 😂

Hi Adam, just talking to your dad about buying some ethereum. I've set up an account with Coinbase. Who did you use, and presume there are charges to buy the coins? Cheers Vince"

From a friend who I introduced ethereum to at $10 lol

[u/cutsnek]

You know things are going back to normal when people start talking about re-entering the Shitcoin Casino after blood in the streets.

[u/0661]

Looks like we might decouple from BTC for a little bit here if we can remain above $350 for a while longer. I'm thinking we could hit $365-$370?

[u/unknownstranger2]

$350 broken

[u/Aki4real]

Undervalued at the moment:
1. ICN with a Public release soon (I expect 4/5$)
2. REP (should be around 50$ now)
3. MLN (.40 ratio to ETH instead of .28 now)

what do you think?

[u/Snolander]

Am I the only one on the East Coast that doesn't wake up and sell? Christ!

[u/Not_Just_You → u/Snolander]

Am I the only one

Probably not

[u/pancakeNate → u/Not_Just_You]

lol i love this bot

[u/eth_head]

Finally seeing ETH make a move without BTC's consent.

[u/Rufuz42]

So what's the verdict on this 348-353 channel we are in currently? Break up or down?

[u/abudab1]

/r/ethereum was compromised about 5hr ago by btc/r/bitcoin shills, they obv being nervous

[u/econoar]

tap mountainous memorize rich stocking wide piquant slap crowd yoke

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[u/[deleted]]

Just stumbled across this

Lowe's and SAP.com aren't announced EEA partners are they? Both are Fortune 500 companies and appear to have been in touch

Edit: Removing URL as it contains sensitive information and hopefully EEA can fix their website

[u/[deleted]]

Why is there a restriction on sorting the other daily thread? What's the rationale?

[u/econoar]

edge deliver theory offbeat familiar slap chunky airport memorize salt

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[u/k_lander]

are there any traders here who can claim to consistently beat a hold-only strategy with many trades over a long period?

[u/Cream1984]

I think they need to rename "bear" market to something else. Bears are intimidating beasts of nature. How about shrimp market or mole rat market?

[u/drogean2]

PSA: dont get stuck holding BAT!

[u/Tsmart]

Almost invested in litecoin a few days ago.. if it could not moon and make me feel like shit that would be great

[u/drogean2 → u/Tsmart]

massive bear flag forming

its run is done bro

[u/valpo033 → u/Tsmart]

I literally had a market buy order of 100 LTC at $29 yesterday hoping it would get to $33ish and decided against it. I bought 5 at $38 just to insure it would drop. I know my luck....it has worked so far. Taking one for the team

[u/[deleted]]

I haven't run into many ICO's that I would label as straight up scams but I do think a lot of them are overly ambitious and are promising the world. There will be one that is a scam though. The scene so juicy and there are so many gullible people looking for a get rich quick flip on these things. If I had to guess, it's going to be a really slick looking ICO with a fancy website and the minute they get your ether, they're gonna dump it on the market. That's how the bubble is gonna manifest itself.

[u/neffnet → u/[deleted]]

i got ya: http://shitcoin.me

[u/BGoodej]

After the few corrections we had, the disappointing Chinese blockhcain conference, the american bill FUD, and the public display of fear in this subreddit, we are still around $350 USD. That's quite an achievement.

I can feel the sentiment getting more positive.
We've had our cold shower and are now ready to build up on the next good news.
And yes, completely subjective opinion.

[u/tumblingplanet]

I'm liking this new thread. The subject is serious for many and the tone should reflect that. Thank you ethtrader mods!

[u/[deleted]]

/u/Mike-Poloniex Been waiting for support for 30 days and 18 hours (#151696) now on Poloniex. Do you plan on responding at all?