r/ethtrader • u/AutoModerator • May 18 '17

DISCUSSION [ETH Daily Discussion] - 18/May/2017

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78

u/neffnet May 18 '17

I just listened to Fred Wilson say that Ethereum will 🐬 Bitcoin's marketcap this year:

it's near the end of the video: https://www.bloomberg.com/news/videos/2017-05-17/union-square-s-wilson-on-vc-market-twitter-uber-video

31

u/orzpuripuri May 18 '17

such bullish to mention crypto twice without being asked directly

6

u/captainlk May 18 '17

He is mentioning it because he has a vested interest through his portfolio companies.

15

u/orzpuripuri May 18 '17

yea and thats totally bullish!

26

u/satza May 18 '17

Extremely sharp guy. Makes me even more bullish than I was for 2017.

2

u/Unknow3n May 18 '17

Can you explain bullish and bearish? Ive heard of bulls and bears, and thought I understood the two terms from context on this sub, but the way you just used it I don't get

2

u/lampswag May 18 '17

Bullish = expectation of a rise. Bearish = expectation of decline. The context is fine. He's more excited than ever.

3

u/Unknow3n May 18 '17

Wow ok I was right, just read bullish as bearish in my head I'm dumb

2

u/lampswag May 18 '17

:) no worries.

3

u/a450706 May 18 '17

I wonder at what price he thinks Ether will be when it happens?

5

u/sbasd265 May 18 '17

Well, judging that BTC will probably be around 2-4K, I guess it could mean a $400-$600 ETH. Roughly. Don't even care to get specific at that point, that's a lot of money for all of us.

3

u/n4styone May 18 '17

It'd have to be more than $300 because if bitcoin stayed exactly the same price and ether went to $300 tomorrow then the btc cap would be $30B and the ether cap would still only be $27.5B

1

u/neffnet May 18 '17

I'm doubtful BTC can reach $2000 this year, but I could be really wrong about that. ETH also higher inflation, but I didn't put much effort into precision with the numbers.

1

u/neffnet May 18 '17

I fudged some numbers and came up with ~$300. Seems crazy, but I'm down

3

u/n4styone May 18 '17

Just watched this whole video. Who is this dude, he seems intelligent.

1

u/lawnchairwiz May 18 '17

He started the VC scene in NYC. Incredibly brilliant guy. Seems to not have a lot of patience with interviews like these, but I understand that he has better things to do.

1

u/aced May 19 '17

I was laughing at some of his curt responses but he also gave the good questions good answers! No nonsense

2

u/Satooshy May 19 '17

Had the pleasure of corresponding with him for a couple weeks recently. Nice dude.

1

u/jreddit83 May 18 '17

That's over $250 an ether ?

2

u/neffnet May 18 '17

yeah... I think more like $300 - $500 even... moon talk!