Quote from: HYPERfuture on March 14, 2016, 11:27:46 AM

Quote from: BitThink on March 14, 2016, 11:23:39 AM

Quote from: HYPERfuture on March 14, 2016, 11:18:21 AM

Quote from: BitCoinNutJob on March 14, 2016, 11:11:04 AM

Quote from: HYPERfuture on March 14, 2016, 10:56:35 AM

Quote from: BitCoinNutJob on March 14, 2016, 10:53:56 AM

Panic buy now. Last time to buy ETH below 13$. Countdown to lift off. 2 bil market cap in next month. 0.2 BTC per ETH it's the real value.

ETH was not actually ever designed to be a store of value, they even say so in the whitepaper.

This is an obvious pump by some mega whales, and a lot of people are going to get burned.

It is such a classic bubble.

What is value of cryptocoins? IMO we're going to new definition. This and next years value of cryptocurrency will be amount of services hosted on it. Internet of things is the near future. Microsoft investing a lot of $ in ethereum and they knowing what they doing. ETH isnt't another litecoin, dogecon... It's new technology like web 2.0.

In terms of the technology I agree.

In terms of the price I don't believe it can stay at these levels sustainably. It is a classic bubble, it will pop, and I believe it will stabilize again around 0.01 BTC. Of course I could be wrong.

There are already threads on the ETH forums where people are saying it is now too expensive to develop the dapps they were planning on the ETH network due to the current price.

Yes, you could be right. But if you correctly predicted BTC price will be stabilized at $2xx in 2013, you would miss a big opportunity to double or triple your wealth. That said, you will have less chance to lose half of your wealth. So, who knows.

The only real question is if the bubble will go higher (like BTC in 2013) before it pops or not. Now that it's over 1 billion market cap in my opinion it is much harder to go from 1 Billion to 2 Billion than from the previous value increases we have seen over the last few weeks.

Yes, that's true. However considering the fund to double the ETH price now can only increase the price of BTC by 17% ( a very rough estimation since no one knows the ratio of tradable cap. The only thing we know is market cap). It's not a surprise that we see BTC increase 17% in one day.

BitThink

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