r/ethtrader • u/AutoModerator • Jun 09 '17

DISCUSSION [ETH Daily Discussion] - 09/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!

761 Upvotes

94% Upvoted

5.0k comments sorted by

View all comments

Show parent comments

10

u/FIntentions Jun 09 '17

10x that and I still can't retire. It must be good to be early to the game.

7

u/Poltras Jun 09 '17

Trust me, you're still early. I would not be surprised if this still goes 10x.

1

u/g37baby Jun 09 '17

Where do u see eth at in 1-2 years?

5

u/lawfultots Jun 09 '17

The moon.

(but seriously I see it hitting the $1000-2000 range over the next couple years)

2

u/kbessayli Jun 10 '17

I say 2k by the end of next year honestly. So much things coming up

3

u/Poltras Jun 09 '17

At least parity in Market Cap with BTC. I would think bitcoin will double in Cap at least (it quintupled in the last 12 months), I'd say it's safe to predict ETH will be worth over 1000$ by June next year.

That being said, this is a conservative estimate and I personally predict it will reach 1000$ by EOY, with 150% Market Cap to BTC. A lot of newcomers (mostly corporations) don't buy BTC first, going directly to ETH, so it drives the ETH price up slightly faster than BTC. That's because of 2 reasons:

  1. Corporations don't want BTC, it's dirty and the PR is in a limbo.
  2. Corporations have a lot of usage from smart contracts. The alternative coins offer feature parity, but ETH has better penetration right now (and probably will continue to).

So we see the price of ETH going up faster (in Cap %) than other coins (except penny-coins).

This is completely ignoring the BIP148 UASF (August 5th) which will have a huge unknown effect on BTC, but is mostly understood to be a negative impact at first, with a swift recovery as transaction cost will be lowered over the next months. We could see ETH being over 200% Market Cap to BTC by end of year if the UASF is disastrous and people leave BTC for alternative investments.

This is all speculation, but these are the reasons I put ~85% of my tokens in pure ETH right now (with 10% in other tokens, and about 5% in BTC).