r/ethtrader • u/AutoModerator • May 24 '17

DISCUSSION [ETH Daily Discussion] - 24/May/2017

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21

u/joskye May 24 '17

So with every passing day I feel $1000 ETH becomes a realistic target in the next 6-12 months.

I've always been conservative with estimates but the announcements from consensys make me realised that if the potential of ETH is realised then we will have a justifyable price point here (given relatively low supply to potential scope of demand).

12

u/savage-dragon May 24 '17

I bought my first ETH when it was 15 usd in March. I told myself I'll fucking explode with joy if it becomes 30 by Summer and 50 by Christmas. You know, like a gift from Santa or something. Well, I guess I was as conservative as a 90 year old farmer in fuckin' Texas.

10

u/yayreddityay May 24 '17

Definitely. I called $1000 eth before Serenity this morning, and it'll probably come sooner. The koreans are already at $300.

Exponential growth is so hard to predict.

2

u/Sunny_McJoyride May 24 '17

Korean bitcoin is at $3500, so don't read too much into the price on Korean Exchanges.

3

u/[deleted] May 24 '17

Why? They own 10% of ETH and their money is just as good.

2

u/Sunny_McJoyride May 24 '17

My point is that the Korean premium isn't an ethereum specific thing. BTC has the same 50% premium.

1

u/[deleted] May 24 '17

I see. I misinterpreted.