The Ethereum related news hitting mainstream press is laughable. I happen to be a software engineer and crypto enthusiast and I never invested in Ethereum because it is at best a bad idea and at worst a scam. It has some seriously great marketing and everyone who missed the boat on Bitcoin, is trying to cache in on this mega hype. Even big companies who is trying to latch on to the new "blockchain" tech are getting their hands dirty. I could go on and on about what a crappy piece of technology Ethereum is, but I wont. I will instead spend my time attempting to build a major short position. I have no position yet, but I'm attempting to build one.
Order cancelled
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This horror show is destined to implode. Well.. after careful consideration I've decided to not trade against my trading rules, which explicitly tells me to never even go short anything under any circumstance. What a bummer, because there are so much money to be made. Anyway, not for me so I'm cancelling this one. Still, I do feel like a winner because I managed to stick to my trading rules even though I find this one particularity enticing.
Comments
ShaunHiromiIkeda
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be quiet you have given no explanation as to why you think it is a "bad idea"
spacetrader
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Eth is complete garbage with only tech illiterate fans who can't tell it's a damn company with zero security, not a cryptocurrency. But I don't think fundamentals matter much with this much dumb money around, it could go much higher.
burgerben
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@spacetrader, you know what. i had more or less exact this conversation with a friend of mine who told me the same thing. i think you're right.
DavidTheodore
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I am a cyber security engineer with both electrical engineering and software engineering background. I think it is a great idea. Can you please explain so backing to your claim?
oshin11
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@DavidTheodore, Doubt this guy has any education whatsoever. The grammar in his statement should attest to the level of education. This is just plain and simple FUD. However, there is a good near term shorting opportunity available right now due to all the EEA euphoria and hype.
burgerben
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@oshin11, im also nearsighted. that attest to my higher education.
burgerben
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@DavidTheodore, ok. let me try. if you suggest a thing that's good, then ill try and shoot down the idea.