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Author Topic: It does appear.. ETH will 10 fold BTC market cap with in the year...  (Read 1727 times)
1Referee
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June 12, 2017, 11:11:49 PM
 #21

Hope you diversified.

Not in a hundred years will I ever convert even a single satoshi to Ethereum. You are just getting blinded by the rapid-artificial-pump-hype-growth that Ethereum is experiencing, and that's it. You are the typical coin hopper that just rides out each and every wave, and changes mood based on how much altcoins increase/decrease in value.

Market caps are a horrible metric; Electra, another sh!tcoin, has a market cap of $940 billion right now, that's more than twenty times the market cap of Bitcoin.

http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/
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June 12, 2017, 11:12:17 PM
 #22

replying to Qartada who  wrote: "As an actual cryptocurrency ETH is mediocre"    I disagree because:     As a smart contracts system - it is awesome,  well documented and with an easy to understand, Java-like,  program language.  and the value is not based on its value as a cryptocurrency relative to itself - but as a service platform.

Any issue of slowdowns can be addressed by a fork (centralization not needed), there could alwys be an "ethereum classic 2"  however the eth symbol will long live on.  

And for fees for smart contract contrtacts?   Yes it is high.   They will go down as eth price stabilizes - which it will when it hits a 1 trillion market cap.   The higher the market cap the less volatility based on the law of large numbers. Where large is relative to the total fiat reserves of 25 trillion.  

the argument about "mediocrity"  is far more applicalbe to bitcoin then Ethereum.  Both are heavily investged in, both will survive.  btc as a reserve and eth as the defacto service platform for smart contracts.   However,  it is possible that eventually btc takes over as platform as counterparty and others might be used on top of bitcoin unlimited (if that is what is ultimately adopted).  

I believe there is room for both parties and that the majority of new altcoins will ride on top of Etherium and whatever the new bitcoin (remaining with symbol btc) will be.

Ken

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June 12, 2017, 11:15:52 PM
 #23

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

Please explain why you think so?
Naah it won't happen. At least not in the upcoming year. For that to happen the market cap of eth should increase 4 times more than the total amount invested in the cryptocurrencies. There should be some heavy investing from governments and banks in order for it to be possible. However, the fact that eth is going to surpass bitcoin is inevitable. It's just crazy to think that bitcoin will not be the main currency like bitcoin is going to be the alt from then on. I can already imagine the news articles like "Bitcoin Decrowned by Ethereum", "Is it the end for bitcoin?", "Bitcoin is dead, long live ethereum" and so on. It's a little bit sad because if I want to use cryptos I will have to choose eth and the problem is that I don't believe in it's idea :/

Half a trillion dollars or so of pure hot air? I'd be rather more worried about climate change than my Bitcoin withering.
Well no one is saying that it is going to disappear, but the fact that it is going to go down is definite. And when you take into consideration that there will be governments pouring money into it and tons of app creators it is kinda possible, though not in just a year as I said. I wouldn't be surprised if it happens in like 3 years if the pace is going to continue like that.

 
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June 12, 2017, 11:22:10 PM
 #24

The marketcap is going up largely because of money flooding into the ICOs.

exactly, and that won't stop.

ETH will continue climbing because it's 2nd to BTC (therefore it gets mainstream media exposure), and the barrier of entry into the market is lower than BTC. the fundamentals don't need to make sense, the price of anything is only worth as much as someone is willing to pay for it. in this new crypto gold rush, it's a lot...
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June 13, 2017, 06:21:11 PM
 #25

Ridiculous. ETH will even out long before it reaches BTC. The developers and related parties are typical shady crooks. And just wait until all of these ICOs valued in ETH began to drop like flies.

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June 13, 2017, 06:28:29 PM
 #26

I see the BTC whales playing everyone. They are pumping ETH because they know they can make big money. Also someone stated earlier ETH doesn't scale. With all the dapps running simultaneously on the network that scaling problem is YUGE! At this moment ETH is at 50% capacity. What do you think will happen once ETH runs out of juice? dump dump dump.. Don't be a fool and get stuck in this monstrosity.

Can it be fixed? Yeah, but all of the apps also need to be fixed. This is not going to be an easy solution. And the stupid devs are focusing on POS! WTF! wake up! or maybe they are awake and are fully aware of what's about to happen... Likely.. Everything is about making the biggest gains here.



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June 13, 2017, 08:50:49 PM
 #27

It shows that many people now showing interest on ETH and they are diversifying.
No. It shows people are speculating.

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.
False. You have meant to say, superior complexity of ETH.

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.
There are much better investments than ETH. You are uninformed.

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.
Market cap is meaningless for currencies. Most of the ETH is locked up in ICOs and the remainder is owned by a big few players. Easy to pump when the actual liquid supply is less than 10% of you actual supply. FYI you should divide all of those metrics by the number of ICOs built upon ETH. Then we can talk about actual numbers.

I see the BTC whales playing everyone. They are pumping ETH because they know they can make big money. Also someone stated earlier ETH doesn't scale. With all the dapps running simultaneously on the network that scaling problem is YUGE! At this moment ETH is at 50% capacity. What do you think will happen once ETH runs out of juice? dump dump dump.. Don't be a fool and get stuck in this monstrosity.
This forum is full of uninformed baboons, greedy noobs and shills. ETH can do ~15 TPS. Imagine 5 successful dapps doing 3 TPS = fully congested == fees skyrocket. Why didn't this already happen in case someone is wondering:
1) Dapps are a marketing gimmick. 99% of them attempt to solve problems that don't need solving.
2) After so many years, 0 successful dapps.

The average transaction fee is already over $1 and it's only at 50% capacity.

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June 14, 2017, 03:21:31 AM
 #28

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

why would ICO's end?

they will keep going forever.

They will obviously only sell out their eth slowy

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June 14, 2017, 03:22:50 AM
 #29

I see the BTC whales playing everyone. They are pumping ETH because they know they can make big money. Also someone stated earlier ETH doesn't scale. With all the dapps running simultaneously on the network that scaling problem is YUGE! At this moment ETH is at 50% capacity. What do you think will happen once ETH runs out of juice? dump dump dump.. Don't be a fool and get stuck in this monstrosity.

Can it be fixed? Yeah, but all of the apps also need to be fixed. This is not going to be an easy solution. And the stupid devs are focusing on POS! WTF! wake up! or maybe they are awake and are fully aware of what's about to happen... Likely.. Everything is about making the biggest gains here.





this is where LISK comes in

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June 14, 2017, 10:13:28 AM
 #30

Hope you diversified.

Not in a hundred years will I ever convert even a single satoshi to Ethereum. You are just getting blinded by the rapid-artificial-pump-hype-growth that Ethereum is experiencing, and that's it. You are the typical coin hopper that just rides out each and every wave, and changes mood based on how much altcoins increase/decrease in value.

Market caps are a horrible metric; Electra, another sh!tcoin, has a market cap of $940 billion right now, that's more than twenty times the market cap of Bitcoin.

http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/

I do agree with you, ETH price increased too fast, a huge dump is expected, there will be "blood on the streets".

Market Cap is not a good measure indeed, what worries me a little is the upcoming Bitcoin hard fork, ETH will eventually pass, experienced traders are already profiting with it.
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June 14, 2017, 10:22:49 AM
 #31

Why is everyone obsessed with market capitalization when it's not exactly proven to be a good yardstick for a coin.
Look at the market cap of tokens issued..
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June 14, 2017, 02:25:39 PM
 #32

ETH may take ove BTC in market cap, but I am afraid 10 fold is too optimistic.

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