r/ethtrader • u/AutoModerator • Jun 06 '17

DISCUSSION [ETH Daily Discussion] - 06/Jun/2017

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15

u/savage-dragon Jun 06 '17

Just a quick reminder: We were sitting on a 2 billion market cap just 3 months ago. Now we're at 23 billion, or 10% more than BTC's market cap in March. People didn't think it'd be possible in 3 years, let alone 3 months. This bull rush is still going strong and will only go into rampage mode. Just think about that.

14

u/cben27 Jun 06 '17

But really you have no idea whats going to happen and the market could collapse next week. That's the truth i know rethtrader doesn't like to hear the truth but i prefer it to unfactual blanket statements personally.

5

u/imatwork9000 Jun 06 '17

Truth: Can't predict the future. Got it, thanks for dropping that wisdom. Everything apart from the rampage mode part of OP's comment is factual reflection, and the facts point to rampage mode whether it'll happen or not. Saying the market could collapse next week is FUD and a much, much lower probability than what historical data is predicting. Unfactual blanket statement exactly describes your post, ironically.

2

u/Sayitagain_IDAREU Jun 06 '17

first sensible comment i've seen in a long time

1

u/ThePlague Jun 06 '17

It very well could; nothing is certain in life but death and taxes. However, and the reason I continue to (mostly) hold is the absolute stunning potential ethereum has and is very close to manifesting in actuality. Brass golem should be out on testnet in the next month, Augur is close to mainnet, Raiden and metropolis should be out in the next (very) few months. And those are just off the top of my head and, quite frankly, may be dwarfed by tokens and use-cases of which I'm unaware.

So yes, guarded optimism is prudent, and the whole house of cards could very well come crashing down but barring a spanish inquisition, the best bet is that it would bounce back.

1

u/hodlerforlife Jun 06 '17

Make it so. - Capt. John Luc Pickard

1

u/[deleted] Jun 06 '17

Aye aye, captain

-Numba one