ok new hypothesis
ETHEREUM is gonna be hyped up to bitcoin ATH within the next year. why? because it can.
not enough reason for why it is going to go up next year!
IMO ETH has already been hyped up to the max and reached $11 how much hype can it get. everybody who could or wanted has already bought ETH low and they are all selling their coins at the top. now it is just bouncing back for the temporary profit by day-traders.
The price of a bitcoin reached an all-time high of US$1124.76 on 29 November 2013, up from just US$13.36 on 5 January at the start of the yea
so what?
bitcoin's history is a different thing. it was the first that became popular and was introduced to many people anything before that was just small projects that nobody even remembers.
that is a long jump from bitcoin history to ETH.
Bitcoin is outdated,
who says it is outdated.
I have millions of people using it, thousands of services accepting it, and tens of services that are starting to accept it each month, and many who just find out about bitcoin and start using it; they are all disagreeing with it being outdated.
its development process halted. It being the #1 spot in the crypto-currency market capitalization sphere with a cap of $6.3B
there are problems in bitcoin developing team, there is no denying that. but the development is in no way halted. there is constantly work and development being done on bitcoin. in a technology this big and not to forget
new there are bugs and problems that will need dealing with.
in fact the only reason that ETH could get this big, is because of these
temporary problems. add to that all the hype associated with ETH and those who are pumping then we have a bug bubble which is about to burst.
might sooner than expected be surpassed by ETH and its nifty swiss "nonprofit" foundation.
again, why?
I bought 10K ETH, lets see where it takes us o(^∀^*)o
hah haha, hahaha yeah. welcome to Quake Live.
~CfA~
good luck with your high risk investment.