Topic: It does appear.. ETH will 10 fold BTC market cap with in the year... (Read 1760 times)

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

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..

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.

this is where LISK comes in

why would ICO's end?

they will keep going forever.

They will obviously only sell out their eth slowy

No. It shows people are speculating.

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

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

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.

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.

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

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.

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.

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...

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 :/

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.

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

- I'm your huckleberry.

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/

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.

Half a trillion dollars or so of pure hot air? I'd be rather more worried about climate change than my Bitcoin withering.

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.

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.

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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.

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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

Yeah real estate isn't in a bubble. 

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 !!

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.

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.