It's vastly over-valued for where the tech is. It's about to make a huge, unpredictable changes from PoW to PoS. It's willing to fork to return money to people when a smart contract functions PROPERLY and is NOT HACKED. It's only highly valued currently because it's the bubble-machine-token for ICOs. Transactions are overpriced. It is not decentralized. 80% (could be way off) of it is held by the Eth foundation. $500 is a huge round number and obvious psychological market resistance. You can currently mine it for about $23 profit, per day, at 100 M/hash. Etc.
I feel greed will set in fast! and more will be dumped at that point than put away. Just my opinion, but with the DAO and the way the is being jerked around is making me lose interest in it fast!
It's vastly over-valued for where the tech is. It's about to make a huge, unpredictable changes from PoW to PoS. It's willing to fork to return money to people when a smart contract functions PROPERLY and is NOT HACKED. It's only highly valued currently because it's the bubble-machine-token for ICOs. Transactions are overpriced. It is not decentralized. 80% (could be way off) of it is held by the Eth foundation. $500 is a huge round number and obvious psychological market resistance. You can currently mine it for about $23 profit, per day, at 100 M/hash. Etc.
PS - I like Ethereum a lot, but not at $500.
I feel greed will set in fast! and more will be dumped at that point than put away. Just my opinion, but with the DAO and the way the is being jerked around is making me lose interest in it fast!
Dang I was quite hopeful about. There are still many positive qualities to it but I see what you're saying. Where does your interest lie now?
Yes right now its a sure thing and a great investment, I was speaking of the future :) but what do i know! ha
Just followed you excited to check out some more posts
Thank you following you too :)