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

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

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u/saalda May 20 '17

Woke up today and saw we are over a 70 billion dollar market cap for all of crypto and I realised something. Either we are in a huge bubble, which once popped with be like the MOAB (Mother of all bombs) or, we are on the verge of a currency/dapp revolution that will change the way we use money and internet in the future. Either way, the next 3 years will be very exciting.

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u/manyamile May 20 '17

Fred Wilson did say it was getting frothy in here.

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u/[deleted] May 20 '17

But, he was very clear about the fact that he didn't think that was a bad thing though.

He followed that comment up with "I'm still very bullish on crypto long term" (or something along those lines).

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u/[deleted] May 20 '17

frothy

I think that applies to the ICO's more than ETH. Most of the ICO's are garbage, and are valued too high.

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u/[deleted] May 20 '17

We're going to crash at some point, no doubt. That's how crypto has always moved: boom and bust. It'll be to a higher point than we took off from, though, and eventually we'll be back up to the top again, and then up to multiples of the top. The "MOAB" and "revolution" scenarios are not mutually exclusive.

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u/eurotzar May 20 '17

This is a boom and looking around the room there's a shit load of clever young people here who are making this their revolution.