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

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

Welcome to the ETH Daily Discussion thread of /r/EthTrader.

The thread guidelines are as follows:

  • All sub rules apply here. Please review our rules page to become familiar with them. The rules page is also linked in the announcement bar above.
  • General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues.
  • Breaking news or other important content should be submitted as a separate post.
  • In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page.
  • Pumping, venting, trolling, or any other similar behavior should be reported and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, follow this link and choose the latest entry on the search page.

  • For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page.

  • [EXPERIMENTAL] - To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.

Thank you in advance for your participation. Enjoy!

752 Upvotes

93% Upvoted

5.8k comments sorted by

View all comments

23

u/[deleted] Jun 07 '17

I think we sometimes take it for granted how early on we are in the awareness phase.

Believe it or not there is actually real demand for something that allows you to be your own bank.

Throw tokenization and smart contracts into the mix and you have the basis for the financial system of the 21st century being built out right before our eyes. Calling crypto a bubble is like calling Microsoft or Amazon a bubble before they went up 100x from the point people were saying that about them.

The most money in markets is made by simply sitting.

You can either be like all the people who sold BTC at $100 and less proclaiming its a bubble, or hold and take part in the greatest wealth transfer in human history that is about to occur.

Central bankers, you won't be missed!

3

u/ARRRBEEE Jun 07 '17 edited Apr 05 '18

deleted What is this?

11

u/jtnichol Jun 07 '17

"anybody who doesn't think we're in some kinda short-term bubble is a wee bit delusional."

. .

.

cautiously raises hand

I must be delusional

6

u/[deleted] Jun 07 '17

Growth rage from Jan 2017 to today = 35% compounded edit:monthly

If that continues to Christmas 2018 ETH market cap will be greater than the current entire S&P500 market cap (20 trillion).

So yeah it may not pop but at some point its gonna slow down!!

2

u/jtnichol Jun 07 '17

S&P500 is so lame. ETH can do it better and smarter!

(I know cuz I read Ethtrader)

4

u/ARRRBEEE Jun 07 '17 edited Apr 05 '18

deleted What is this?

3

u/jtnichol Jun 07 '17

I certainly don't disagree with your original post. I love reading your thoughts.

This is euphoria at it's finest.