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I have some play money in ethereum and will be speculating on a few ICOs. There's absolutely potential for these coins to do 10x or even 1000x. There's also p

I have some play money in ethereum and will be speculating on a few ICOs. There's absolutely potential for these coins to do 10x or even 1000x. There's also potential for government interference or worse. The money isn't meaningful and I'm 100% ok losing every dollar because I can't justify putting significant money in. That being said, I do know people who have made very significant money over the last year because everything keeps doubling.

Lordarminius 9y ago
> I have some play money in ethereum .... There's absolutely potential for these coins to do 10x or even 1000x .... Genuinely curious how do you know or assess that etherum or any other ICO will do well in the future ? Isn't there an equal or greater chance of the currencies collapsing ?
- stocktech 9y ago
  I wouldn't say there's an equal chance of the "currencies" collapsing. There seems to be enough momentum behind them that the only true concern I have are hacking/scams and government interference. I don't mean momentum as upward price appreciation, just adoption, transaction rates, etc. My friends, who are more interested in the space than I am, compare where crypto is now to the beginning of the internet. We're still trying to determine who's netscape/AOL/amazon/google and to some degree, what the underlying protocols are (tcp/ip = ethereum?). Honestly, I don't see the true value of the blockchain yet. Most of the proposed ideas could be cool, but have no value or aren't practical. What I do see, however, is increased attention in Japan and Latin America. In the US, I think it's coming into mainstream attention. And if we find one real use case that allows mainstream adoption, it will be huge and transformative. As a former trader, I don't mind speculating on the hype, but if we're still on the "ground floor" of what crypto could one day be, a little speculation could be a huge investment one day.
  - Lordarminius 9y ago
    It is interesting that you compare ICO to the early days of the internet. Some people will definitely get very rich on this

Lordarminius 9y ago

> I have some play money in ethereum .... There's absolutely potential for these coins to do 10x or even 1000x .... Genuinely curious how do you know or assess that etherum or any other ICO will do well in the future ? Isn't there an equal or greater chance of the currencies collapsing ?

stocktech 9y ago
I wouldn't say there's an equal chance of the "currencies" collapsing. There seems to be enough momentum behind them that the only true concern I have are hacking/scams and government interference. I don't mean momentum as upward price appreciation, just adoption, transaction rates, etc. My friends, who are more interested in the space than I am, compare where crypto is now to the beginning of the internet. We're still trying to determine who's netscape/AOL/amazon/google and to some degree, what the underlying protocols are (tcp/ip = ethereum?). Honestly, I don't see the true value of the blockchain yet. Most of the proposed ideas could be cool, but have no value or aren't practical. What I do see, however, is increased attention in Japan and Latin America. In the US, I think it's coming into mainstream attention. And if we find one real use case that allows mainstream adoption, it will be huge and transformative. As a former trader, I don't mind speculating on the hype, but if we're still on the "ground floor" of what crypto could one day be, a little speculation could be a huge investment one day.
- Lordarminius 9y ago
  It is interesting that you compare ICO to the early days of the internet. Some people will definitely get very rich on this