Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 94. (Read 198796 times)

That doesn't mean it can't exceed its marketcap.

Companies are being started all the time that are "not a contender for bitcoin" that will still exceed its marketcap. It's in a different sector - the "Bitcoin 2.0".

At the same time, you could of course be right. I took your view when we were at 0.009. I got a total bruising trying to exit the market during the last profit-take phase. Ended up having to throw in the towel and buy back in - luckily I was still awake at 2:00am in the morning when it took off again.

Then, favouring your side, is Adam Back who says that "blockchain-app" coins are not as valuable as "bearer coins" because the apps can move anywhere and leave the coins behind. Despite that, I think that if they're on that network then the marketcap of the whole "blockchain-app" eco-system is likely to manifest itself in the coin valuation.

It's the Wild West. We cannot tell how things are going to go. I've made up my mind that 15% of BTC cap is a reasonable interim milestone for me. Everyone has to make up their own mind.

Just hedge a bit here and a bit there and we'll all be able to afford a few jollies at the end of the road whichever way it goes

*** EDIT ***

Look ! It's already going ballistic just since I wrote that post. Seems the fear and greed factor is strong in this market right now and everyone is now sh*t scared of "missing out". FOMO as it's affectionately known. Hope it works out for folks.

Shorters caught with their pants down in Poloniex margin-trading-land. I know the feeling  

The long term viability of the price will depend on how successful the DApps turn out to be. The ones out there now are very simple, but they are functional and show a lot of promise. The price now is obviously highly speculative, but could be fairly easy to justify if some of the DApps take off in a big way. The other big obstacle for the price is how well the network will scale - which could present a limiting factor even with very successful DApps.

If Ethereum is listed in the big Chinese exchanges, the price could go to $20 or $30 or even higher. The Chinese got a lot of money.

I think a lot of people have bought into ether after seeing the recent price hikes and hoping it does the same thing bitcoin did when it jumped but since ether is not a contender for bitcoin i cant see much of a rise as viable. For me id rather see bitcoins development continuing and fixing what needs fixed rather than jumping ship.

Given that...

[1] - Ether probably caught the last bus on major contenders

[2] - It's almost un-contested in its space

[3] - Its developer and promotional base now has bucket loads of money and growing

[4] - It has yet to go on any of the big-3 Chinese exchanges which now seems only a matter of time given the trading volume it has on current "poxy" exchanges

[5] - It's probably about to get a mainstream media/BBC/WSJ splash along the lines of "New Contender Gives Bitcoin a Run for Its Money"

[6] - Hundreds of media pundits have been saying for years that they think that "Cryptocurrencies are the future but bitoin's not the one" and that this is probably their last chance to save face

[7] - This is the leading edge of the "Fill Your Car up Using Smart Contracts Base on the Ethereum Network" type news surprises rather than the trailing edge

[8] - Litecoin reached the same ratio of Bitcoin's marketcap that Ethereum has now - except with only 1 developer


... I'd say that a conservative justifiable valuation might be, say 15% of Bitoin's marketcap for a start, wouldn't you ? (At least not unreasonably)

That's still a doubling from here.

There are not many reports about bitcoin even though it is $7 now and the market cap is over $500m.

Ive got to say im a bit gutted i never bought in at the lower prices but that was never going to happen anyway. the price its at now it hard to see it going much higher so i cant really see many more people buying in. you never know, i could be wrong but i ceetainly wont be buying in at current prices just to get dumped on.

I'm still here, remember me? I got in and hold below 90k...while many said it was the worst bubble ever and were FUDing all they could. There's still time to get in, ETH hasn't even hit mainstream news yet. It will hit 0.02 sooner or later and it will continue to go up (not without some bumps in the road of course as we already saw). Even BTC hasn't hit mainstream for that matter but that's another story.

I must say, I'm impressed. Assuming this isn't a double-top, this could get crazy now.

Me thinks that most of the "bears" are alt bagholders who are not actually trading the currency but just sitting on the sidelines hoping that money stops flowing into ETH.

Bears need to capitulate on ETH and join the party before it's too late. 

Believe it or not, it is still way undervalued. 

Its simple mean that ETH price will fall down so it's a final chance you got to sell at higher price.

Booster rockets

boom

which season is this homestead series?

Homestead will be released on 14 Mar. It looks like the price has stopped moving upwards until the actual release. One thing I don't get it is the decreasing volume of ETH in poloniex. Has this anything to do with bitcoin slow network? ETH volume is less than 10k BTC today.

there is active development in the Ethereum. The new Homestead software was just released. More to come.

Lol overpriced?  ETH is still utterly undervalued.  It should have a market cap higher than btc

Just to be clear, I was talking about covering shorts.  My guess is ETH is overpriced ATM, and will go down quite slowly.

What flaw are you talking about? Could you please expand a little bit?