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RE: I Jumped on the Ethereum Bandwagon, Was My Timing Wrong?

in #bitcoin8 years ago

Imho I think ethereum has great potential, but it got over hyped and pumped too fast, it needs a correction. I can't say where it'll correct to, but this is probably not the end for ethereum. If you invested as a long term investor, you are probably fine. If your trying to make a short term trade, maybe not.

I think bitcoin is a great investment for the long term, I think it will continue to grow and correct in a healthy fashion. Bitcoin is proven tech with actual value in the real world today. Ethereum is unproven tech, with a lot of potential value in the future, maybe even more then Bitcoin.

Bitcoin is a store of value, ethereum is not. Vitalik himself said Eth was not meant to be a store of value. It is meant to be a platform for creating decentralized applications and smart contracts. All that is as new as bitcoin was in 2009. They both stand the chance to be huge but are striving for different goals. Bitcoin is trying to eat savings accounts and the banking system, while ethereum is trying to eat contracts. If they both succeed, ethereum stands to be bigger, but bitcoin has made more progress towards it's goal.

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I had not heard that about Eth, that It was not meant to be a store of value. I find that interesting, and clearly putting my money on the Eth platform succeeding Thanks for the post and input.

No problem man! One thing that made it boom was the ICO's that required people to buy in with Eth.