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Author Topic: It does appear.. ETH will 10 fold BTC market cap with in the year...  (Read 1725 times)
spazzdla (OP)
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June 12, 2017, 06:28:29 PM
 #1

Hope you diversified.
Route66Retro
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June 12, 2017, 07:02:19 PM
 #2

That's quite a stretch.

Losing is not my enemy...fear of losing is my enemy.  -Rafael Nadal
Ost
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June 12, 2017, 07:10:27 PM
 #3

So Ether's market cap will be 450 000 000 000$ by the end of the year?

Please explain why you think so?
Haladay
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June 12, 2017, 07:15:45 PM
 #4

If I saw this 1 month ago, I would simply laugh and walk away. But now, I see eth market cap is 32b dollars while bitcoin market cap is 42b dollars. I think ethereum market cap will exceed bitcoin's easily in following 1 year.
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June 12, 2017, 07:32:24 PM
 #5

If I saw this 1 month ago, I would simply laugh and walk away. But now, I see eth market cap is 32b dollars while bitcoin market cap is 42b dollars. I think ethereum market cap will exceed bitcoin's easily in following 1 year.

I don't believe that will be the case. When Ethereum will go from Proof of Work to Proof of Stake after a few months from now you will see that ethereum price will crash down heavily and this market cap will be just a bubble. After such transition I think Ethereum will have no future because 85% of it is in the hands of its developers, and people related to it. Only 15% is in the hand of miners and many miners mine it just to convert to bitcoin. Time will tell but I believe this will not happen.

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spazzdla (OP)
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June 12, 2017, 08:13:03 PM
 #6

So Ether's market cap will be 450 000 000 000$ by the end of the year?

Please explain why you think so?

While I will continue to hold BTC.. I have a feeling.. investors are going to bail on it..
jaberwock
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June 12, 2017, 08:17:53 PM
 #7

Ethereum gained value because of the ICO's that used to give great returns for investors. Sooner or later they will have to sell their ETH and price will crash.

No one is using ETH to run decentralized apps.

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June 12, 2017, 08:18:35 PM
 #8

Ethereum gained value because of the ICO's that used to give great returns for investors. Sooner or later they will have to sell their ETH and price will crash.

No one is using ETH to run decentralized apps.

Exactly... once the ICO ends... ETH will go to its original position
testerx
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June 12, 2017, 08:23:28 PM
 #9

ETH works poorly as a store of value, just look at how the ICOs function.
The marketcap is going up largely because of money flooding into the ICOs.

Not hating on eth, if they can fix their throughput issues a smart contract platform certainly has legitimate reasons to have value.

It just doesn't work well as money or even digital gold like Bitcoin.
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June 12, 2017, 08:23:54 PM
 #10

So Ether's market cap will be 450 000 000 000$ by the end of the year?

Please explain why you think so?

While I will continue to hold BTC.. I have a feeling.. investors are going to bail on it..
I suppose you sold at the bottom.

The Flippening might be happening but it won't last (with ETH in particular), and if it does I'll be disappointed in cryptocurrency users.  As an actual cryptocurrency ETH is mediocre and fees are about $1.  People can convince themselves that ETH is great if they want but the reality is that it's not scalable, nodes are getting really hard to run as the blockchain grows massive, and if they fix these problems it'll be because they're centralised as fuck.

The long-term Flippening will be to alts that actually have a system for gradual adoption, or if Bitcoin is sorted out it won't happen.

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June 12, 2017, 08:29:39 PM
 #11

So Ether's market cap will be 450 000 000 000$ by the end of the year?

Please explain why you think so?

While I will continue to hold BTC.. I have a feeling.. investors are going to bail on it..

It seems to me that there aren't too many people shifting large portions of their BTC to ETH. However, most new crypto investors seem to be flocking to ETH.
kensilverman
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June 12, 2017, 08:50:49 PM
Last edit: June 12, 2017, 09:07:14 PM by kensilverman
 #12

I'm your huckleberry.  So,  to explain this you need first to consider where the market cap of fiat is at.   25 trillion,  2 to 5 in gold and 1 trill in us dollars?  I am doing this from memory.  It is not important exactly, but what is important is that fiat of the big 3, dollars, euros and pick your favorite third - is well over 1 trill.  Now as main stream banks come on board,  it is inevitable that "some coin" will be selected - or group thereto.    Which one?  Well,  it is clear the eth and btc have both been chosen.  Why?  btc is entrenched as medium for exchanges and   is held in storage by all the old timers (2013 being ancient)  and is, well the first.       As btc rises,  many legendary holders have dumped to alt coin. in fact Ive seen it happen in real time.  I watched my alt coin values rise in dollars and stay the SAME and then also rise wrt to btc value in a 6 hour period at the same time btc was rising, time and time again - during fast rises of btc.  It is very interesting.  

HOWEVER,  the recent rise of eth caused btc to eth and not alt coin, so the others tanked.  while silently btc  inched up.   OK,  my personal trade advise is not important.  What is important is the concept of  fiat market cap and big timers getting in now  and that eth is the platform defacto for smart contracts  and that it has REAL players and BRILLIANT newbie alts coming on every day that all use eth as the fuel - ahem you gotta buy eth to move their system.  (disclaimer:  yes there are ground-up competitors in the smart contract alt-coin space and there  is momentum on bitcoin smart-contract gemneral digital asset systems, like counterparty/omni layer)   however the important thing is the momentum for new players to come on board - and the momentum is on Ethereum.  It will compete with fiat.  but so will bitcoin - like gold reserve.  Both will be trillion dollar market cap assets in a few short years.  Just like Google - you can copy it,  but the market cap is based on its momentum. Its current entrenchment in society.  That is the only place ETh can go becasue the people comitted to it - all these new alt-coins are now so plentiful and largely brilliant. More importantly (poor analogy coming up: like Ripple in Japan),  endorsed by governments.

Now the MAIN point.  The August 1st soft fork of btc? and then launch of BTU which confuses more (form an investment perspective).  So sad, yet inevitable and therefore btc will FALL temporarily - maybe no more than it just did today 25% drop in hours.  (I predict 33% to 2k, but then in Sept. it will quietly rise again and be 2018 go back).  Sorry I digress.   BUT all this time eth is the HEDGE  so now people are coming at eth from all angles.   Russia banking system,  ethereum founder VITALIK meets with Russia?  Russia currency market cap?  Do the math?  

Eth will hit a 1 trill market cap in like 2 years or so in my opinion.  It may dip to $150 but then will go back up to 10k.    

So the Segregated Witness came to my house the other day "God's love is unlimited, but our patience is tempting."

Like the joke (ha!), meager donations accepted here:  19baMnvNEo3aQwPo7kdmRNAAkr17bLGk3P  
Argon2
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June 12, 2017, 09:04:23 PM
 #13

Hope you diversified.
There are 92 million ETH and growing. ETH is in a massive "hoarding" bubble from the 20% ICO and when those people decide to let some go you will be staring at < 100 USD ETH. Th same goes for Zcash and it's founders ponying the price to keep their income high. Diversify into land, metals, real estate not bubbles. Cheesy
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June 12, 2017, 09:11:32 PM
 #14

ETH works poorly as a store of value, just look at how the ICOs function.
The marketcap is going up largely because of money flooding into the ICOs.

Not hating on eth, if they can fix their throughput issues a smart contract platform certainly has legitimate reasons to have value.

It just doesn't work well as money or even digital gold like Bitcoin.

New investors that cannot afford Bitcoin are causing the Dash, Zcash and ETH bubbles that we see now. Once it pops the growth will stop. When ETH moves to Casper the price will not be sustainable since its based off of "thin air". No pure PoS coin has ever performed good in the markets.
raoulsergia
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June 12, 2017, 09:13:06 PM
 #15

Ethereum gained value because of the ICO's that used to give great returns for investors. Sooner or later they will have to sell their ETH and price will crash.

No one is using ETH to run decentralized apps.


soo true..btc always #1
eth run by one person and scam after scam ico are launched

when aug 1 changes come, btc will smash the eth !!
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June 12, 2017, 09:17:14 PM
 #16

Hope you diversified.
There are 92 million ETH and growing. ETH is in a massive "hoarding" bubble from the 20% ICO and when those people decide to let some go you will be staring at < 100 USD ETH. Th same goes for Zcash and it's founders ponying the price to keep their income high. Diversify into land, metals, real estate not bubbles. Cheesy
Yeah real estate isn't in a bubble.  Roll Eyes

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June 12, 2017, 10:01:25 PM
Last edit: June 12, 2017, 10:14:23 PM by Lauda
 #17

OP: Did you come here for decentralization and financial sovereignty? If you have, then you have no business with ETH other than increasing your BTC wealth.

Let's put something factual to rest. After looking at Bancor today, which raised $150m with in 3 hours with 1) A flawed idea (it can not work). 2) Code that lets the creator(s) issue any number of tokens), we can confirm something. ETH started out as a very good idea, decentralized smart contracts. However, at this point ETH is a centralized, corporation backed MLM scam. After so many years, name me 1 "dapp" that actually made sense/succeeded. I know you can't, as it does not exist.
Therefore, ETH can easily have a higher market cap that Bitcoin (and by several factors):
1) Massive ICO bubble.
2) Massive centralization.
3) Massive supply contain by locking a huge percentage of ETH into ICOs. As an example, Bancor apparently raised 300-400k ETH.

Sources:
1 - Why Bancor won't work: https://medium.com/@yobanjo/bancor-idea-wont-work-watch-out-69da951c52f4
2 - Unlimited tokens: https://www.reddit.com/r/ethereum/comments/6gszuw/bancor_can_create_bnt_anytime_they_want_for_no/?st=j3um87n0&sh=16100beb
3 - MLM: https://en.wikipedia.org/wiki/Multi-level_marketing
4 - "I was wrong about Ethereum": https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36

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June 12, 2017, 10:55:11 PM
 #18

Hope you diversified.

It's true that the market cap of ETH has increased manifold since last few months and the price also increased to an optimum level. It shows that many people now showing interest on ETH and they are diversifying.

The market cap of ETH is only 8 billion USD less than the bitcoin. I believe that is because of the technical superiority of ETH over bitcoin has paved the way and earned a lot of respect among the investors.  I have started investing in ETH when the price was around $120...I regret that I didn't buy ETH at the initial level when it was just few dollars. But better let than never.

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June 12, 2017, 11:00:50 PM
 #19

Half a trillion dollars or so of pure hot air? I'd be rather more worried about climate change than my Bitcoin withering.
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June 12, 2017, 11:09:39 PM
 #20

Ethereum can definitely match BTC in market cap. It has risen 300% in price in the last month. Ethereum has already surpassed bitcoin trade volumes, mining reward and even 24-hour transaction volume. ETH market dominance is around 32 percent, and BTC is 40 percent among the 870 cryptocurrencies in existence.
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