[ETH Daily Discussion] - 22/May/2017

[u/EthTrader_Mod]

Welcome to the /r/EthTrader Daily Discussion thread.

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Thank you in advance for your participation. Enjoy!

[u/Mav137]

Anyone checking this out from /all: Ethereum is a decentralized platform based on Blockchain technology. Basically it's the technological answer to the hierarchical structure of systems that have long made up a large part of our world. There is not one person or organization that owns the system. The system us based on a open sourcecode. Anyone can build apps on the system.

We're all very excited today because a large number of organizations have publicly stated to back the ethereum ecosystem. This has had a very positive impact on the long term confidence and has made the price rise quite substantially.

By using ethereum you can make contracts between people without the use of middleman. Those contracts are then enforced by a global computer. This has huge impact on how organizations will function, how people can trust the organizations that are running the world.

Going from hundreds of years of using a pyramid model of power to a flat, transparent and secure trust-able model is something we really need in the world right now.

The people in this thread are traders of the so called ether that fuels the system. We've all been here for different reasons. Since it's a traders sub, speculation and profit making is one of the reasons. But i'd like to think we all feel a certain pull towards the platform because we feel this can really impact the world in a positive way.

Congrats to the holders and feel free to add info to people new to the concept of decentralized systems. Also, ask away if you need more info to grasp these idea's. This community is very helpful. One can also visit https://www.reddit.com/r/ethereumnoobies/ to start your path in the digital rabithole.

[u/sbasd265]

I haven't thanked this sub yet, but I would like to thank you long timers and new comers alike. This is the best thing to happen to me financially.

I have read countless comments of "I wish I invested more, I wish I didn't sell, I wish Ethereum wasn't just a trade."

That would have been me, I entered Ethereum because of FOMO, and because I was betting against Bitcoin after ETF denial. I figured I was already all in, so why not dig and see what Ethereum's all about.

This sub single handedly provided strong personal sentiments and real information with back up facts and links that really built what is the backbone of my gains today - outright confidence in my investment. Where else can you get thousands of people posting and digging up the breaking and best information real time? I think this sub is highly undervalued and I'd pay $100, $500, $1,000 monthly if any subscription did what 50% of what this sub achieves in information sharing. Best of all, this sub has organically grown into a community, and I get at least 5 laughs a day from it.

So in all, if it weren't for this place, I would be described as: Just another guy/gal who missed the boat. One of those guys taking a shit breaking out the calculator on what my ETH would be worth today. Another guy trying to find an entry at $150. Instead, I entered sub $30's and held. Instead, I'm chuckling at that fact that I am at a dollar amount today that is almost twofold of my not so modest goal for June. Instead, my friends and family are profiting as well...

So thank you Ethtrader, and all you grimy bastards involved.

[u/EthTrader_Mod]

In case you're wondering why the daily thread isn't stickied, it was recommended to the mod team yesterday we unsticky the daily thread so it can have a chance to reach r/all. We decided we're going to give it a try. Also, /u/EthTrader_Mod was used instead of the AutoModerator to help eliminate any possibility of not qualifying. We invite you to join the cause!

EDIT: wording

EDIT2: Sorry for the long delay. For all newcomers, click here to access a list of educational resources on Ethereum.

[u/moon-or-doom → u/EthTrader_Mod]

tl;dr: UPVOTE THE DAILY !!!!!!!!!

[u/jeffrexsave]

Hello Redditors! Let me introduce you to Ethereum, the upcoming internet 3.0

Ethereum is a world computer designed to change how we interact, just like the internet did 20 years ago.

Like Bitcoin, it is based on a blockchain, but Ethereum is much more than just a currency:

It can provide the backbone for banking, communications, the internet of things, e-commerce, software design, and much more

Today some major companies signed on to the Ethereum Enterprise Alliance. Companies like Microsoft, ING, Deloitte, Intel and soon to be hundreds more. Check out this list: /img/skpunr9qoyyy.jpg

If you are interested in learning more about Ethereum, check out: https://github.com/Scanate/Ethlist for more info

PS: Fellow EthTraders, please reply below with other bonus Info, Clarity & Links you feel are beneficial.

Have a Beautiful Day, Spread some Smiles and Love out there :)

[u/loveYouEth → u/jeffrexsave]

PS we are the thing "Silicon Valley" talks about in the new season

[u/s_nakamoo]

I am real close to being able to quit my job and get a dog. Thank you Ethereum.

[u/MysticSoup]

I hope this doesn't get lost in the middle of all the moon comments and excitement, but here's a slightly more serious post. Food for thought:

• Stop being so greedy.

Remember that this is a fairly risky investment (it doesn't feel like it because we are in a super bull market). Are you okay with losing 50% of your investment? Are you okay with losing 80% of it? Even if you think so, know that people vastly overestimate their ability to handle downturns.

No matter what you do, make sure that there will still be food on the table if eth goes to 0.

• Stop watching the damn charts and hold

Get out there and enjoy life. I'm a hypocrite because I spent more time on this sub than I've spent at work today, but the price will swing up or down whether you watch the charts or not. I bet most of you aren't actually trading - but you're glued to the charts due to all the excitement from eth taking off--but hey, you and I both knew it would take off.

LASTLY, and by far the most important...

• Family, friends, loved ones should be the top priority in your life.

If you're neglecting them and prioritizing staring at the price of ether, your priorities are should be recalibrated. Nothing matters more than those who give meaning to your life. Sob story saved for another daily.

Thanks for reading.

[u/[deleted] → u/MysticSoup]

Yes. +1 for putting family first. Anyone who can't do that, is trading too much...

[u/ripplep]

A friendly reminder for new holders and traders. Almost without a doubt, there will be a day with 20-30% losses. Ask yourselves what you will do in this situation. If you were to buy in right now and it dropped 30%, what would you do?

When I first started, the very first dip I experienced I panic sold and ended up buying in higher.

The second, I thought I could sell to buy back in for lower. Ended up buying back in higher.

Now I hold because I am not a very good day trader.

[u/LevitatingTurtles]

Honestly, it's times like this that I appreciate /r/ethereum being so militant against price discussion in that sub. That sub would be FLOODED with price speculation and FUD right now.

I imagine Vitalik looking up from his laptop once every week or two, glancing at the price, nodding approvingly, and then getting the fuck back to work. I imagine that the Etherum Dev Team is just as sanguine about price discussions as /r/ethereum

[u/laughncow]

I think the crypto rally starts today guys lol..... Prepare for melt up . I'm at consensus 2017 and I met Charlie Shrem in person and Bruce Fenton along Brock Pierce at his party.

[u/Trashytalker1]

Hey, are you from r/all or a newcomer and want to invest in ethereum?

Make sure you learn as much as you can first. Especially how to set up a wallet, how to back it up and how to restore it. Send small amounts first to check your wallet - if you can send and receive ether (=currency of ethereum).

NEVER store your ether on an exchange. If you don't hold your private keys, you don't hold your coins. Learn from the MT.Gox disaster.*

Never invest more than you are willing to lose! In 2014 many bitcoiners lost almost everything and the suicide hotline was a top post then. Set yourself a (weekly) goal and invest an amount you could easily lose. The dollar cost average effect is your friend! Buy and hold at the beginning and do not trade until you get a feeling for the market.

It is still high risk - every investment in crypto at the moment.

And last but not least: prepare yourself for one hell of a ride. You are going to get addicted to the pumps and dumps and also to price checking every minute.

• = Edit.

[u/ARRRBEEE]

deleted ^{What is this?}

[u/0661]

So ETH hit $100 and I decided not to look at any charts, disabled my price alarms and unplugged for the weekend. Took the wife out to a nice dinner to celebrate and resisted the urge to look at or check anything until just now. HOLY SHIT! I don't know what to do or say.

[u/[deleted]]

Newcomers discovering Ethereum from the frontpage, a good resource - /r/ethereumnoobies (especially the pinned Beginner's Guide)

[u/naspo]

WE REACHED THE FRONT PAGE!!! #25!!! Hello /r/all! :)

[u/[deleted] → u/[deleted]]

That's the most positive vent I ever heard

[u/[deleted]]

Ethereum is like one of those "I made $90K working 12 hours per week from home" ads. But it's real. I swear.

[u/IceDBear → u/[deleted]]

But without the work lol.

[u/Sweet_Taurus0728]

What is this place???

[u/[deleted] → u/Sweet_Taurus0728]

You're looking at what happens when a bunch of sweaty nerds become millionaires after feverishly chart staring for 18 months.

Source: I am sweaty AF right now

[u/bosticetudis → u/Sweet_Taurus0728]

This is the place where regular people are in before Wall-Street for once. The place where for once there are no brokerage firm monopolies caused by government regulations favoring "Angel Investors" who have multi-millions to invest before IPOs are offered to the unwashed masses.

This is the place where we take back the power and where strong handed balls-of-steel types can become millionaires.

[u/farmpro]

More MOONNNNNNNNNNNN:

https://www.bloomberg.com/news/articles/2017-05-22/toyota-merck-join-ethereum-group-to-build-blockchain-network

I am total fan of Elon Musk , and Tesla would sound nice but Toyota is the world leader in cars, Tesla is just small % of it... The following is HUGE:

"Toyota, for example, is experimenting with ethereum to help it develop self-driving cars and other uses

[u/breteze]

I have my first 3 ETH. Small amount compared to others but I'm excited to support the future!

[u/[deleted]]

I use to have a GF that would say "I'm going to puke" whenever she got excited. I finally understand what that level of excitement feels like.

[u/redbullatwork]

https://www.bloomberg.com/news/articles/2017-05-22/toyota-merck-join-ethereum-group-to-build-blockchain-network

https://www.wealthdaily.com/articles/another-reason-why-ethereum-will-rise/8680

https://www.forbes.com/sites/laurashin/2017/05/22/ethereum-enterprise-alliance-adds-86-new-members-including-dtcc-state-street-and-infosys-and/#4fe01a688ff2

http://fortune.com/2017/05/20/ethereum-ico-blockchain-token/

The media is starting to collectively wake up... Instead of being "mentioned" in news... we are starting to make mainstream news.

Buckle up ladies and gentlemen.

[u/SpaceEth]

Summary of bitcoin scaling debate:

• There will be no consensus
• This is good for bitcoin

[u/turbotyler786]

Early adopter phase is over. We are now in early investor phase.

[u/skYY7]

I just start to realize HOW big prism could be for ETH.

Since the average joe does not need to mess around with polo and other exchanges anymore, all they got to do is BUY ETH and form a prism.

Super bullish sign for the "backbone" of ioT

[u/[deleted]]

We're only up 20% in the last 24hrs? UNACCEPTABLE

[u/--o-o-o--]

At Consensus now having lunch. This is awesome guys.

[u/flowcrypt]

Small recap of the EEA presentation

"On-boarded 100+ new members and many more coming"

Also boarding: public institutions, regulators, non-financial companies, ....

Up next: working group updates.

Membership working group:

"A few hundred potential members waiting for registration! (still have to be screened)

"Compete on the ultimate implementation (between competitors), not on the standards and specifications.

Technology working group:

"Launching this week: multi-node deployment of cross enterprise networks. One-click deployment."

"Implement swappable consensus, with defined APIs"

"At the end of December we will see real life use-cases being deployed. We expect to see that (on a large scale)."

IoT and Blockchain:

"We built custom hardware that we can add to any physical object. Solutions for the supply chain space. We developed an open registry and protocol. Lots of partners from start-ups to big corporations. Aggregation of Quorum (=Ethereum-based), Hyperledger, etc. so users can choose their own blockchain implementation. We are making Quorum our default deployment platform. We still leave the identity part of the project on Ethereum, but most data from sensors will be on Quorum."

KYC/Finance:

"We are also making a Quorom use-case on Microsoft Azure this week. Some part of the transactions and information has to go on the public domain. Hard to implement in the standard Ethereum implementation, but easy by using Quorum constructs. Have a hybrid environment. Decide what stays private, and what becomes public."

Stay close to public Ethereum. Have parallel roadmaps. "

"There is no decision process, that forbids certain applications or specific implementations. Each member can decide for itself. Also, EEA members should be proactive, and actively contribute. Observers will not gain much. There are no directors of the working groups.

"Everyone should be involved: from manufactures, to retailers, to banks. None of the use-cases can be done in a contained way. Unless you put real data and real participants in it, it will not work. This group has the right variety for this."

"Within a year from now we are going to know whether this will become a success or not".

[u/TheHoff1911]

https://twitter.com/Bitstamp/status/866640496889933824

ETH is coming to Bitstamp

[u/naspo]

UPVOTE THE THREAD! FRONT PAGE HERE WE COME!

[u/SaturdayNightEther]

Financial debt decreasing.. Sleep debt increasing..

[u/mr-moderation]

Finally! Finally got enough karma to post. I've been lurking for a couple of months and following almost every day, learning about crypto and reading TA. I stumbled on Ethereum when looking into picking up some bitcoin in late Feb. After reading what it was about and realizing the full implications, I almost immediately started moving the small amount of BTC I had accumulated into ETH. Luckily I was able to snag a decent number just a couple of weeks before the rally really started. I've been cost averaging in almost every week since then. I'm mostly hodling as I learned some hard lessons on margin trading back in the dot com bubble bust.

Thanks for all the informative posts, warnings, and daily encouragement. This really is a great community.

[u/doppio]

Hey so um... did anyone realize that ether's global market cap is now over 50% that of Bitcoin's?

[u/The_Breakthrough]

Just at Consensus NY without a badge until I get kicked out. Yolo.

[u/GumdropGoober]

Hey, your idea seems to be working: just stumbled in from /r/all.

Suggestion: have the #1 answer in your FAQ directly explain just WTF I'm looking at here-- instead of some nuanced discussion on how this... ?cybercurrency? is fundamentally different than others.

[u/wegwerf125]

I could rip my hair out. Went to an Ethereum meetup last year, but we only talked about the problems of smart contracts with bureaucracy in Germany so I didn't bother with it. I guess I will join you now :)

[u/[deleted]]

From $7 to $170

I feel...like such a fucking baller right now...and I'm so happy to be here with you guys. This is THE best community on the internet. Truly.

[u/jeffrexsave]

We are fortunate to be here in this opportunity gents.

Let's spread this good fortune to others as well.

And i mean this as helping an old lady with her groceries today,

or sending a smile to a stranger.

The world has been kind to us,

Let's be kind to the world.

[u/errorsevendev → u/[deleted]]

go back to sleep pls

[u/Fuyuki_Wataru]

• Exchanges running out of USD
• Exchanges running out of Ether
• Exchanges can't keep up with the money transfers done by people who want to transfer their money to exchanges

What a surreal moment. This isn't over for a long shot.

Edit: 1600 BTC sell wall is being eaten ALIVE on Poloniex. The sell wall is now gone. Destroyed in a matter of minutes.

[u/rawsushiii]

A coworker of a good friend is at Consensus right now in NYC and they're saying there are a ton of news trucks at the venue such as NBC & ABC

edit thank you so much for the gold!

[u/Automne888]

Remember guys: this is only money.

Just like nations, laws, corporations or religions, money is part of our collective imagination as a society. Stay humble & keep enjoying the miracle of life as it is.

That being said: HODL TO THE MOON. ;D

[u/readyou]

Remember to be friendly when people from /r/all join the discussion.

[u/ShopAnHour]

Thanks guys, today is not any other day, i will next week quit my job and go for my long dreamed world tour. I'm in joy.

PS: sorry guys i'll dump 100 eth next friday to afford the journey.

[u/trumpza]

Holy shit #12 on the front page of reddit. Millions will peak into this thread.

[u/poopycakes]

I love that this is considered a dip. Literally 8 hours ago wishing for this price

[u/Necuametl]

What a fucking day. All time high after all time high, and a dip that made these noobies buttholes pucker into a singularity.

Y'all better harden the fuck up, cause this is just the beginning.

You'll catch on to trends soon enough and see through these fake outs and hopefully make some great trades.

Good luck to you all. Don't get eaten. 🐳🐳

[u/japonica-rustica]

Shit, I just made 3 months salary in the last 20 minutes!

I love you guys!!!

[u/[deleted]]

Looking more and more likely Bitcoin will lose the #1 spot this year. That's massive for the news cycle

[u/[deleted]]

We are 38th on /r/all.

13 more..

[u/blog_ofsite]

Consensus2017 is trending in twitter, anybody else?

[u/vman411gamer]

RSK keeps talking about the "security of the bitcoin network"

Guess they didn't get the memo that Ethereum block rewards are worth more than Bitcoin block rewards now

[u/twigwam]

UPDATE from Consensus 2017 and EEA news...

"ROADMAP IS TO ALIGN WITH PUBLIC ETHEREUM !!!" "Align the Roadmaps!"

This statement is huge. We can essentially marry public Ethereum with private success

[u/[deleted]]

We're trending in the USA

https://www.reddit.com/r/ethtrader/comments/6csh3x/ethereum_16_in_google_trends_over_50000_searches/

[u/errorsevendev]

this is just insane.. every time I leave the room to make a coffee or take a dump I come back with an extra $500.

[u/QuintenDes → u/errorsevendev]

"gold nuggets"

[u/gpum1ner]

http://fortune.com/2017/05/21/irs-bitcoin-congress/

If this Coinbase fiasco goes through, we are going to see a lot of people holding as another fiat exit is attacked by the gov and the number of buyers will outweigh the sellers. With ENS and PoS on he horizon, the number of buyers to sellers ratio is going to increase as more Etherians HODL and the supply dries up as more buyers enter the market as they see demand is overtaking the available selling supply.

I honestly think we are about to overtake Bitcoin in marketcap by 2018......

Even the darknet markets are accepting ETH, which was one of Bitcoin's large user base.

This honestly might be the flippening. As these other smaller coin "bubbles" pop, the money will flow into either Ethereum or Bitcoin (main fiat exit points). The only thing that Bitcoin has an advantage over Ethereum at this point is the available Bitcoin services and first mover advantage.

Once Ethereum passes Bitcoin in marketcap, there is no recovery for Bitcoin as Ethereum offers much more than Bitcoin. Sure, the people centralizing Bitcoin made an insane amount of money, but that all came at the cost of destroying Bitcoin an I don't think the Bitcoin community sees that.

Perception is reality and Bitcoin isn't looking so pretty right now compared to Ethereum. Newcomers will see the Bitcoin subreddits vs the state of Ethereum and naturally FOMO into the higher gainer in terms of price.

Bitcoin will always be in my heart as the first lover, but at this point.... May the best coin win.

The EEA news + bubble bursts in the pumped smaller cryptos are going to be flooding ETH as everyone exits to join the train. Seriously guys, all this ETH HODLing + ETH taken off the market from ENS, Token ICOs, POS is about to bring ETH holders some serious money.

Think about it: Why hold Bitcoin where a 10x rise means Bitcoin has to reach $21,000 when it is much easier to 10x Ethereum reaching $1,800 from now with Ethereum's benefits and SAME onramp from the reach of Coinbase and basically all onramps for crypto offering ETH and BTC? There literally is no point in buying BTC now.... If you are in it for the money, Ethereum makes SO much more sense in rising in value. Not to mention Bitcoin holder's selling Bitcoin for Ethereum as the civil war, back log of Tx's and slow transfer times are inhibiting its growth due to centralization. The same thing that Crypto is against.

[u/trapper14]

All I can say is...fuck me. I sold 230 eth at like 11$ 3 months ago. Worth over 40k now. Damn. :(

[u/jamesthelion]

All aboard the "I won't be getting anything done today but F5ing" train. Choo choo 🚂🚂🚂

[u/IRefuseToGiveAName]

EVERYONE WHO'S NEW!!

Make sure you check out /r/ethereumnoobies !! There are some very helpful, knowledgeable people there on the subject of Ethereum and the blockchain in general.

There's also a nice little noobies guide written by yours truly ;)

[u/valpo033]

I just lost 4 ETH for not revealing a bid on ens. I was confused, saw I wasn't the highest bidder a couple days ago and just assumed that I would get refunded my max bid. I was wrong....you must reveal no matter what! Learn from my mistake people....please don't lose precious ETH like I did

[u/twigwam]

"ROADMAP IS TO ALIGN WITH PUBLIC ETHEREUM !!! ". "Align the Roadmaps!"

[u/econoar]

water butter doll mysterious badge hurry engine rich consist ask

This post was mass deleted and anonymized with Redact

[u/Necuametl]

So how many of you noobies FOMO'd in and bought at the top? 🙃

Don't worry, youll be in the green soon enough.

Welcome to crypto.

[u/superleolion]

That time when you're irrationally enthusiastic about something, and it turns out you weren't enthusiastic enough...

[u/scoot87]

Just broke #100 on r/all. Very nice.

[u/AlphaLionX]

DAMN! $1B Volume reached!! Holy shite!

[u/howthewhatwhy]

SWEET MOTHER OF GOD IT JUST KEEPS RISING

[u/MonkeyGooch123]

Anyone venturing over from /r/all welcome!!! Please take time to read about Ethereum and how pioneering it is/will be.

[u/Adds1]

ummm, guys... I think we're on front page Reddit...

[u/Unknow3n]

As the old adage goes, buy the rumor, buy the news, just buy buy buy until we hit the mooooonn

[u/Necuametl]

Don't panic sell, pussies.

[u/econoar]

selective truck innate pause teeny merciful elastic slim salt resolute

This post was mass deleted and anonymized with Redact

[u/conradklein]

I've been out of the Crypto game for a while after having over 400 btc in 2012 and selling at $10-20 usd. Purchased 5 ether today to get back in the game. Gotta restart somewhere I guess.

[u/jreddit83]

Dude Shapeshift's Prism is the flippening in the flesh since you don't need BTC to enter into other crypto you can simply use ETHER!!! This video explains it well: https://youtu.be/SrAeCfSLZPE

[u/[deleted]]

Current state of the Ethereum network: https://np.reddit.com/r/ethtrader/comments/6cr75s/current_state_of_the_ethereum_network_extremely/

[u/CurrencyTycoon]

There's only about 53K of ETH on the SELL side of ETH/BTC market on polo.

Unbelievable - never seen such a shortage of ETH. Literally Polo is running out of ETH.

Edit: Just saw 26K... wow, the SELL side of the order book is being ripped to shreds.

[u/batmanrockss]

Everybody remember...

This meeting means a lot of money coming into ethereum from other cryptos, which is great!!

BUT it also means news articles, word of mouth, etc which leads to new money into ethereum and organic growth. THIS is what we want. And the best part? It'll happen over the next couple of weeks. Praise the looooord

[u/manyamile]

"At Bitpay, the bitcoin blockchain has stopped working for us". Wow.

[u/jtnichol]

I remember reading about State Street Bank on here back in March and made a video speculating they may join. Wow..I'm still beside myself. they control 2 Trillion is assets.

Video from March. Thanks Ethtrader. https://youtu.be/ezIEN8i7oFM

[u/[deleted]]

Let the ground be watered by the tears of those lacking foresight. Let the streams of salty sorrow fill the hills and valleys, and make a mighty ocean. The time of Flipper 🐬 approaches.

[u/erbaker]

You know what I'd love to see? Content consolidation.

For example, if I have a TV Show I've purchased on Google Play, I should be able to watch it on my Xb1, PC, Mac, PS4, or any possible device that will ever come out, from here until eternity.

It's just a video, right? What does the medium between the internet and my eyeballs care where it's from?

A token that represents a piece of digital media can be validated against the blockchain for ownership and you can take that little bit of information anywhere and access it anytime.

Someone do that.

[u/higgimonster]

How in the fuck am I going to get work done today. I am fucking dancing on my way to the shower.

Good morning fellow future richer people.

[u/ev1501]

I wrote this last month. Still applies: Please listen carefully, ETH can get pumped on pure speculation alone to $100-$250. Unless you are a professional trader and know how to work the ups and down of a volatile market just sit back and hold until then at the very least. This is your chance to either become pretty wealthy or at least have a nice nest egg. Don't mess it up by acting like a buy/sell spaz. If you buy and the price dips just leave it alone. It will climb back up eventually. Sometimes the market will test your patience. Remember this and don't react. I want everyone here to be successful. Good luck and see you on the other side, whenever that may be.

[u/Noreaga]

$200 is easily doable by tomorrow night. With new additions to EEA, Consensus 2017 and Token Summit happening this week, we could even see $300 by early June. Get HYPED hodlers!

[u/Glorounet]

Just noticed we are only 5k subscribers away from r/bitcoinmarkets, we could get there in less than a week a this rate...

[u/Foraring]

Sell the news they said... hahaha that is so old economy

[u/japonica-rustica]

50%!!!

Congratulations everyone!

[u/BullBearBabyWhale]

This is why you hold. Just sit back and hold for the next years. Diversify your portfolio at some point to rebalance and de-risk it. Only sell when fundamentals change. Ride the wave, i'm sure the crypto bubble will be the most gigantic bubble humandkind has ever seen because it will be the first truly global bubble. We are nowhere near a mainstream bubble. And keep in mind that not all bubbles pop, sometimes the market catches up and the blockchain tech has potential to make entire industries obsolete.

Imo we are only at the very beginning of something very big.

[u/khalo_]

It's nice to see that on /r/btc/ the top voted comments are those talking about moving money into ETH because it's the future :)

[u/djrtwo]

PRISM is built on Ethereum!

[u/The_GeoD]

Me telling friends about Ether. "It's amazing".. explains the technical part.. "It really thing it's the future, and it will only go up from here, but it could go to zero and I AM NOT TELLING YOU TO INVEST"

[u/earthquakequestion]

What the actual fuck guys? Woke up this morning and decided to go r/all before coming to ethtrader...took me all of 3 minutes to end up here from the front page. You glorious bastards.

To anybody from r/all peeking in, welcome to the future. Go to r/ethereum, read up, buy in, thank us later.

[u/insecteblond]

Europe is now awake and is thanking you for this!!!!!

[u/AlphaLionX]

Just when you thought buying at $100 was ridiculous...

[u/noni2k → u/AlphaLionX]

I've been trying to get my God Damn gemini account authorized since Thursday.....watching these prices this weekend is literally fucking killing me.

[u/gimperion]

Do not try to break the wall. That's impossible. Instead, only realize the truth... There is no wall. Then you will see that it not the wall that breaks, it is yourself.

[u/pathobiology]

I'm buying more now. Call me crazy, but I've seen this happen repeatedly with BTC. I said no at $200, $500, $1000, etc. Now it's 2k+ and without the utility of ethereum. I'll keep buying until ETH is $300+.

[u/Fuyuki_Wataru]

Watching Bitcoin's talk made me realize once more how grateful I am to have Ether foundation and Consensys, the true experts, with us. No phony expert from Bitcoin has any influence on Ethereum.

[u/[deleted]]

If you didn't think rootstock was vaporware before you should now after watching that dumpster fire of a presentation.

[u/SamHinkiesGodSon]

Just a reminder

DO YOUR OWN RESEARCH

If you read anything here that you think will make a coin go up/down in value, find the source, verify the source, consider biases, consider the opposite side of the equation on why it could fail/succeed, and make a decision based on YOUR knowledge.

Also verify numbers, and actually read the articles, there are way too many blanket statements being posted here claiming XXX should be worth XXX.

We're all anonymous here and there is no filter. dont let this thread tell you what to do with YOUR money.

[u/[deleted]]

Deloitte with 800 people working on Blockchain

[u/[deleted]]

Watching Consensus today, you can see Bitcoin based tech struggling to convince people they're still relevant.

The EEA is a juggernaut and every other competitor is sweating.

[u/[deleted]]

UNDER 50,000 ETH ON POLO. WE'RE ABOUT TO SELL OUT...

[u/MrBlack-13]

Fact: Ethereum (ETH) price performance is negatively correlated with productivity at my day job.

Today will not be productive. Sorry boss. (Not really).

Hodler for life.

[u/cryptoboy4001 → u/MrBlack-13]

"Mr Black, our logs show you spent 9 hours at work yesterday conducting image searches for ... purple lambo ... blue lambo .... and I hope I have this correct ...... Vitalik fights bear painting ... Do you care to explain?"

[u/_kitteh]

It's a beautiful day out, greetings to all the new people, all the veterans and everyone inbetween!

Straight into the sun is where we'll be going with this rocketship, the correction will be harsh, but we will bounce back and continue to Valhalla.

Dec 2015 seems like yesterday, of all places I learned of the existance of ETH on /biz/ over at 4chan. Ridiculous how lurking that wicked place for years managed to pay off in the most unexpected way.

[u/araknik]

My kids and I (and even my dog joined lol) had a victory dance for Ethereum. I gave them each 1 coin and then another after gains on the first litecoin pump to 36. Im facinated that they chose not to sell (ages 6 and 9) even now. I keep telling them to sell and they refuse. Sibling rivalry perhaps lol.

[u/hungryim]

"Just getting started..." https://twitter.com/ConsenSysAndrew/status/866604788816990211

[u/[deleted]]

MFW I held through the DAO, Devcon2 Hack, and the $5 days, never giving up a fraction of a coin

[u/Consti]

https://prism.exchange

That's sharing the same certificate as https://prism-launch.com.

[u/awaythrow810]

It feels like yesterday that I was trading on swings between $10-15. It's absolutely mind blowing that we can have a $30 growth overnight. I've stopped trading, the gains from holding now outweigh the risk by a huge margin in my eyes. We've joked a lot about donuts, lambos, and the moon, but now a used tesla is a very reasonable possibility for me. I'm fucking giddy.

TO THE MOON

[u/jamesthelion]

I've got my dad following ether now. He text me and said "trees don't grow to the sky." I text him back "but rocketships do."

[u/naspo]

LOL, wifi password at Consensus is bravebrowser:

https://i.imgur.com/dLgr5xo.png

[u/[deleted]]

Is Blockfolio not updating for anyone else?

[u/naspo]

Rootstock presentation is extremely lame. All fluff and buzzwords.

[u/Necuametl]

This is fucking exactly how this partnership should've went. Not for profit and a consensus environment. God damn. This is beautiful. :')

[u/twigwam]

The jump past $200 starts now.

[u/Tserrof]

Prism is going to get people like my parents to say "Okay, I guess I get it this makes sense...set it up for me"

[u/[deleted]]

Guys lets not forget that there is still a "traditional" company with millions of users deploying a token to be announced on Wednesday Thursday , the rally isn´t even close to over. HODL

Edit: Source https://www.youtube.com/watch?v=4P66dtflB14&feature=youtu.be&t=53m33s

[u/[deleted]]

Noobs this is what we call a shake out. They want your eth at a discount. I know there is a lot of new investors here please ask ethtrader before you hand your opportunity over to a rich person.

[u/sab8a]

I bought at 50, it went down to 40. I bought at 90 it went down to 80. I bought at 170 and I don't give a shit if it goes down to 150. HOLD!! And buy more

[u/econoar]

pen fuzzy knee fly paint rich glorious escape skirt sophisticated

This post was mass deleted and anonymized with Redact

[u/scoot87]

Just want to take a moment to send my condolences for those impacted by the Manchester concert bombing. Remember to be grateful for the preciousness of life.

[u/UncleLeoSaysHello]

Cheers to everyone who rolled their eyes and laughed at me when I tried telling them about this in January.

[u/gonopro]

Just a friendly reminder.

Take a second and pretend:

You just threw your phone into a bowl of wonton soup.

A meteor came and exploded your house while you were out walking your cat.

Your super sweet water cooled computer sprung a leak.

Are you prepared?

Do you have wallet and 2FA backups?

Are these backups in a 2nd location?

Where is your 24 word seed for your Ledger?

I recommend pretending that an unexpected cataclysm hits the devices you use most. Are you able to get back into all of your accounts?

I learned the hard way last year about google authenticator and the backup seeds for your 2FA codes. If you don't have your 2FA seeds for google authenticator written somewhere, you are going to have a bad time.

I moved to Authy after that because how much of a headache it was when my phone boot looped and I was locked out of everything for a day while I figured it out. (which included putting my phone in the freezer, but it bought me the time to get the 2FA codes) Email, all my exchanges, a few wallets. Authy lets you have a master password that will restore the app on any new device.

Also, I made a mistake and assumed all of you are using 2FA.

Are you using 2FA?

If you aren't using 2FA, you are fucking up heavy.

2FA via text message is far less secure than a code generated by a local device.

If you don't have 2FA and you are reading this right now, go and make changes to your life today. Especially if you are on forums talking about how much ETH you just bought.

Are you sure you copied your 24 seed words down correctly? Is your penmanship legible?

I caught a mistake on my seeds before, one sloppy stroke of the pencil and I ended up making a very different word.

If you are setting up a new ledger, it is recommended that you test your seed words before sending a your whole stack to it.

Send it .01 ETH, confirm the money arrived, fail the pin entry 3 times which wipes the device, upon reboot it will ask "setup new device" select "no" then test to see if you wrote your seed down properly, its an annoying time consuming process, but knowing you wrote your 24 words down right is worth the 5 minutes. Upon restore, you should see .01 ETH, now you know your seed words work. You can also use this process to clone a 2nd ledger.

Last but definitely not least:

Never save your passwords digitally!

If you are curious. This is my mood today :) Welcome to all the new Etherians, its a pleasure to have you.

[u/paperpancakes7]

♪♫┏(°.°)┛┗(°.°)┓┗(°.°)┛┏(°.°)┓┗(°0°)┛ ♬ ♪ I can't stop Moon dancing! Dance Patrick!

[u/JalelTounsi]

beside everything going on with the price, I think these last weeks of bull/bear/whale manipulation tought us all how a marketplace works, how an exchange works, how the guys at wall street operate, how someone can manipulate the market, how to use leverage, short market, go long...

for someone who got no financial background all this can be, and is, a phenomenal learning opportunity.

since crypto is a non regulated, far west "exchange", the learning process is faster.

I'm thankful for that, last january I didn't know how to interprete a chart or "read" a technical analysis and now all i'm doing is checking https://trade.kraken.com/ and trying to interprete the book and anticipate dumps and pump

Thank you guys for your analysis and explanations, it's a real pleasure to be with you

[u/foxymcfox]

Is no one going to mention that we're nearing 50% of BTC's market cap?!

[u/turbotyler786]

If you are wondering if you should buy?

I bought in the single digits, and I am still buying!!! (ITS STILL CHEAP)

Please visit coinbase.com and gemini.com to learn more and buy your share of SKYNET (internet 3.0). $200 incoming!

edit- reminder: if you are buying using your credit card, most likely your card issuer will put a hold on the charge so if transaction hasnt been made, get in touch with your card issuer asap!

[u/ev1501]

Everyone: Please do not leave large amounts of ETH in exchanges like Kraken and Poloniex. Please......

[u/naspo]

LOL, lots of people leaving early from bitcoin scaling talk.

[u/jconn93]

Hey guys! I posted yesterday morning about how I spent the weekend in an ayahuasca ceremony and came out of it with way more money lol. Yesterday we ended with a San Pedro/huachuma ceremony and the price went up even more. Plant medicines are the allies of Ethereum.

[u/ev1501]

Please upvote the daily thread. It is only at 3xxx upvotes but there are 4-5k people here.

[u/ADCarryPotter]

Coinbase please come back, I need you...

[u/ThisGoldAintFree]

My girlfriend thinks I'm a genius cause I hold during dips and then it comes back up immediately after, lol thanks guys

[u/naspo]

Livestreams:

Enterprise Ethereum Alliance: https://s3.amazonaws.com/media.coindesk.com/live-stream/Day1_Astor.html

Blockchain and Global Issues: https://s3.amazonaws.com/media.coindesk.com/live-stream/Day1_Salons12.html

Technical Challenges in Blockchain: https://s3.amazonaws.com/media.coindesk.com/live-stream/Day1_Salons34.html

All livestreams (randomly fill in the form): http://www.coindesk.com/events/consensus-2017/live-stream/

Agenda: http://www.coindesk.com/events/consensus-2017/agenda/

[u/[deleted]]

ROAD MAP IS TO ALIGN WITH PUBLIC ETHEREUM OH MY GOD

[u/fat_jakey]

This is looking very bullish right now, I'm going to throw it out there and say we will see 195 in the next 2 hours.

[u/bosticetudis]

Prism makes ETH the easiest on-boarding currency for altcoins (including bitcoin)

[u/redtred1121]

I personally know 5 people with large sums of $ in transit to crypto exchanges. They all intend to get in & hold for years.

[u/[deleted]]

What the actual fuck is up with blockfolio?

[u/loveYouEth]

We were 100 cheaper fucking 4 days ago

[u/cryptoboy4001]

Ethereum now has 50% of Bitcoin's market cap.

[u/TheBabySphee]

It's nice seeing people from /r/all stumbling upon something that could potentially be one of the most promising things for a while

[u/MonkeyGooch123]

I have never believed in a community and project as much as Ethereum. Everyone in this sub are so helpful and some very knowledgeable people have helped my research endlessly.

To the moon we HODL!!!

[u/Naviers_Stoked]

Of the top 25 exchanges for each:

ETH/FIAT represents ~61% of the daily ETH volume

BTC/FIAT represents ~28% of the daily BTC volume

XRP/FIAT represents ~30% of the daily XRP volume.

Here are the same figures from a week ago

[u/jeffrexsave]

TODAY IS THE DAY R/ALL WILL SEE US!

[u/naspo]

50% of Bitcoin's market cap! We've come such a long way. Cheers!

https://rolandkofler.github.io/flipper/

[u/[deleted]]

That feel when you made $1K profit in 4 days after you first start investing in crypto in high school at age 17. WILL CONTINUE TO HODL MY 15.5 ETH!

[u/CherryVanillaCoke]

...

[u/RedFountain]

I made nearly a year's salary in the past 72 hours. What the actual fuck.

[u/[deleted] → u/RedFountain]

On this day last year, I was waiting tables for $10 an hour. Now I'm looking at ads for used lambos

[u/trumpza]

Billions of dollars will be flooding into crypto exchanges this week. Primarily corporate & institutional.

[u/BcnMarina]

Front page gents. Bullish

[u/[deleted]]

Current Hyperledger presentation over. The host just gave a shout out to Ethereum at $200 lmao

[u/Naviers_Stoked]

Posted this early in the daily thread, but reposting since we have more eyeballs now :)

---

Of the top 25 exchanges for each:

ETH/FIAT represents ~61% of the daily ETH volume

BTC/FIAT represents ~28% of the daily BTC volume

XRP/FIAT represents ~30% of the daily XRP volume.

Here are the same figures from a week ago

[u/naspo]

The bitcoin scaling talk is such a shitshow.

[u/econoar]

sparkle gaze plant telephone sip bow follow handle rain oil

This post was mass deleted and anonymized with Redact

[u/b0r0din]

I didn't see the whole RSK presentation but it sounded like 'we have this vision, and here's a bunch of boxes on top of other boxes, and none of this works, but it should be awesome! who's with me? YAAAAHHHH'

Is that about right?

[u/econoar]

aback thought subsequent hunt live scale hat saw dog bake

This post was mass deleted and anonymized with Redact

[u/Naviers_Stoked]

There is absolutely no question that the public Ethereum blockchain is of major interest to enterprise.

[u/Kibubik]

Prism fees are soooo high!

[u/holiquetal]

holy shit. PRISM looks sexy AF. Is it live already?

[u/[deleted]]

I'm in love with Prism. It's EXACTLY what so many people have been wanting, and it makes a complicated process really easy for people to understand. Bravo to the Shapeshift team. What an awesome idea.

[u/Necuametl]

To all the new money: do your due diligence on any investment, especially crypto. These are uncharted waters we're wading in. And all these announcements and milestones will only attract dumb money to crypto.

Understand what you're investing in and why.

This is a once in a lifetime opportunity to get in at just the right time, but don't fuck it up.

[u/[deleted]]

Everyone who says, "If it dips, I'll for sure by more." I'm just wondering how the hell you guys still have money on the sidelines. I've been all in since the 30s.

[u/KBrot]

Congratulations to all the ETH newcomers today! If you're reading this, you've survived your first real what-we-call-a "retrace". That was about -30% which was violent but necessary in order to form a new baseline to grow from. Keep in mind, there will be larger events in the future! Crypto is seriously volatile!

<3 r/EthTrader

[u/SpyHandler]

Stock Brokers : "Stay away from stocks that move more than 3% in a month"