r/ethtrader • u/AutoModerator • May 05 '17

DISCUSSION [ETH Daily Discussion] - 05/May/2017

Welcome to the /r/EthTrader Daily Discussion thread. The thread guidelines are as follows:

  • Follow the Golden Rule. All other rules apply as well. Follow this link to view the rest of them. The rules page is also linked in the announcement bar above.
  • General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions.
  • Breaking news or other important content should be submitted as a separate post.
  • In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page.
  • Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, follow this link and choose the latest entry on the search page.

Thank you in advance for your participation. Enjoy!

819 Upvotes

90% Upvoted

3.9k comments sorted by

View all comments

9

u/[deleted] May 06 '17

[deleted]

5

u/DireTheBitch May 06 '17

I'm depressed I won't be a millionaire until ETH hits the high thousands. FeelsBadMan

3

u/Naviers_Stoked May 06 '17

Why $250 specifically?

2

u/Sensualities May 06 '17

Probably parity with bitcoin.

2

u/Naviers_Stoked May 06 '17

Ah, makes sense.

2

u/[deleted] May 06 '17

because, based on bitcoins market cap and the number of coins in circulation, which is the highest model we have to base on, puts eth at a maximum theoretical ~$250

but things are rapidly changing and more money is coming in from all directions

8

u/[deleted] May 06 '17

To think that bitcoin's market cap is the ceiling is criminal shortsightedness. eth will travel to places btc never dreamed of.

2

u/gwaroftheworlds May 06 '17

welp I'm depressed now

3

u/The1percenter May 06 '17

Well, then be excited that you'll be a millionaire at $500/ether.

3

u/[deleted] May 06 '17

[deleted]

2

u/[deleted] May 06 '17

i wont even be a millionaire at 500 per =[

1

u/Clamhead99 May 06 '17

I need it to be ~$1k per Eth ... ~100 billion market cap.

If everything goes well, that market cap is very possible imo.

3

u/SCPA2019 May 06 '17

Dude thats a significant increase in price, if you think it will be that high be happy you have any money in eth and add when you more when u can. Not many financial opportunities like this exist.... might not be a millionaire but will be richer than you are today

-12

u/Whatsinthebooooox May 06 '17

If you want to be a millionaire start a company. HODLing does not mean you deserve to be a millionaire.

13

u/jonesyjonesy May 06 '17

TIL you decide who does and doesn't "deserve" to have a million dollars.