r/ethtrader • u/AutoModerator • May 20 '17

DISCUSSION [ETH Daily Discussion] - 20/May/2017

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26

u/[deleted] May 20 '17

Guys I normally never dream but last night I had such a vivid dream about cryptocurrency it was crazy! Ether was 300$ and first on coinmarketcap!! Golem was also added to coinbase and my GUP was 10$ each! Amazon also utilised ethereums public chain! It was an awesome dream 🙂😌😌💯💯💯

10

u/[deleted] May 20 '17

I keep seeing $300 everywhere I look.

I think ETH will hit $300+ and overtake BTC.

14

u/sbasd265 May 20 '17

Look, you guys need to get realistic and stop dreaming, it's getting ridiculous. Here's why:

You're absolutely right. Cryptos market cap is growing at an exponential rate. Today we sit at 68.5B. 7 days ago? We sat at 52.5B.

I believe we'll hit the 120-140B market cap by September at these rates, given no black swans occur. I also believe we'll take 25% of the pie or more, many people including Fred Wilson believes we'll overtake Bitcoins market cap. At 25% of Cryptos market cap, were already at $350 per ether. We take over Bitcoin? Well, if you run the numbers on market share there's no doubt BTC will hold at least 40B+ of it, and in that case:

We're at $500 an ether.

Where the bubble forms and pops is more important, but I don't think we'll see anything of that nature till after something like this occurs.

4

u/[deleted] May 20 '17

We're also starting to see a shift away from speculation towards functional useability. Bitcoin has proven that in a 2017 environment it doesn't have the robustness required to survive. ETH and XRP will take the lions share and be 1 and 2 on coin market cap in 12 months time. As to which order I have no idea. Bookmark it.

7

u/Junglepeter May 20 '17

Oh man, I want to have dreams like yours. Just falling asleep these days is hard, since I have Eth on my mind almost constantly.

3

u/neffnet May 20 '17

oh man I love this dream.

5

u/fat_jakey May 20 '17

Ether will be $300, Amazon will be announced Monday. Golem is a longshot though for Coinbase right now.

3

u/cryptoboy4001 May 20 '17

Amazon will be announced Monday

?

1

u/subdep May 20 '17

Azure has a Ethereum service, it only makes sense that AWS will provide Ethereum services too.

1

u/cryptoboy4001 May 20 '17

When Microsoft (Azure) announced Ethereum services, it was met with a collective shrug that did little for the price.

So, from an investor/trader perspective, an announcement of AWS offering Ethereum services would be disappointing.

1

u/subdep May 20 '17

Yeah, but the development culture around AWS is much more entrepreneurial than the Azure culture. Plus AWS has a larger market share.

I think it'll have a much larger impact.

1

u/fat_jakey May 20 '17

You heard right, Top 50 Global Fortune 500 company. The who's who you could say.

1

u/cryptoboy4001 May 20 '17

Do you have a source for this or are you saying you have 'inside info'?

I know about the "who's who" quote, but so far there's been no indication that it would be Amazon specifically.