Topic: It does appear.. ETH will 10 fold BTC market cap with in the year... - page 2. (Read 1751 times)

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  

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.

I suppose you sold at the bottom.

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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.

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.

Exactly... once the ICO ends... ETH will go to its original position

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.

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

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.

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.

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

Please explain why you think so?

That's quite a stretch.

Hope you diversified.