Ethereum Breaks The $500 Mark!

[Shaunm]

Ethereum had been stuck around the $300 mark for so long it had become a running joke on Reddit to predict its price as $301 whenever anyone asked how much Ethereum would be worth next year.

I know Bitcoin broke $10,000 yesterday and and average price of $11,000 per coin today but Ethereum makes up the bulk of my portfolio so I am much more excited about it breaking $500 .

 

[Alexpaberla]

I also invest some money in ethereum what do you think about that crypto ? I want to hear your prediction ( in my opinion it think ethereum will grow faster than Bitcoin , you ?

 

[iFreelancer]

it's $405.80 now

 

[waterworks]

Solid drop over night. Hoping it drops a bit more so I can get some more ETH at decent price.

 

[cindyrose888]

ALL may drop again ?

 

[iFreelancer]

ALL may drop again ?

it's happening now

 

[waterworks]

it's happening now

 

[Shaunm]

I also invest some money in ethereum what do you think about that crypto ? I want to hear your prediction ( in my opinion it think ethereum will grow faster than Bitcoin , you ?

I'm new to Crypto so learning everyday but IMO the flippening is a way off yet. To my knowledge, Bitcoin was launched in 2009 and Ethereum in 2015 so bitcoin has the first mover advantage and all the press/branding but if we look at percentile performance over the past year...

Bitcoin Increased by 1199.71%​

Ethereum Increased by 4852.72%​

I doubt it will keep growing at that rate as 2017 seems to be Ethereums breakout year but I am hoping it at least matches Bitcoins growth.

Ethereum also has the advantage of being more than just a store of value and it has some useful tokens such as OmiseGo, TenX and Substratum amongst others. On the flipside, OmiseGo plan to leave the Ethereum blockchain and make their own and there are a bunch of Scam ICO's bringing Ethereum bad press.

OmiseGo is my second largest holding right now but I am looking to increase it to my primary holding over the coming months. I am also keeping an eye on IOTA, its billed as the third gen crypto currency but I am still betting on Ethereum over it.

I plan to update my journey thread tomorrow with this months performance in SEO and Crypto but heres last months update of my holdings but it has changed a fair bit since then.

it's $405.80 now

Yea, new all time high though and at least its broken away from $300 for a week .

Solid drop over night. Hoping it drops a bit more so I can get some more ETH at decent price.

I have the exact same attitude for OmiseGo as I want to get it cheap to increase my stack ASAP.

 

[roman375]

A flippening is not a realistic scenario unless there is something fundamentally wrong with Bitcoin and the market rejects it. ETH's circulating supply is more than 5 times that of BTC and it is inflationary. For ETH to have a higher token price than BTC, means its market cap would have to be 5 times that of BTC as well. It's very unlikely to happen.

 

[joylee]

Yeah, ether has potential to go 1000$ very soon

 

[tophi]

Can somebody tell me what is the point of this, right now I have some crypto things .. a few . Lets say I invest more and have 5 coins for 500$. in 5 years those 5 coins will cost 50 000, i still will not sell them because I will want more, and some day they can loose the value or just disappear. So in the whole period of time I wont get any of the money I invested already....

 

[joylee]

Can somebody tell me what is the point of this, right now I have some crypto things .. a few . Lets say I invest more and have 5 coins for 500$. in 5 years those 5 coins will cost 50 000, i still will not sell them because I will want more, and some day they can loose the value or just disappear. So in the whole period of time I wont get any of the money I invested already....

Haha.. That is a life cycle, Greediness led us to ground. We should sell those coin at right time, don't keep for lifetime.

 

[Shaunm]

i still will not sell them because I will want more.

I would suspect thats where you are going wrong .

 

[waterworks]

I think ETH is going to slide down and this correction is not over. Hoping for a significant drop to buy some more.

 

[Sherb]

A flippening is not a realistic scenario unless there is something fundamentally wrong with Bitcoin and the market rejects it. ETH's circulating supply is more than 5 times that of BTC and it is inflationary. For ETH to have a higher token price than BTC, means its market cap would have to be 5 times that of BTC as well. It's very unlikely to happen.

This. Additionally, I'm not going to put any trust into a website concept that sells fuckin' https://store.flippening.watch/collections/frontpage/products/ethereum-hodl-infant-bodysuit.

Anyone wanna go in on a JV with me called "pumpanddumphump.xyz". All we do is make a list of these tiny-ass altcoins that are clear pump and dump schemes. But the bigger cash grab is our branded mousepads.

 

[Nut-Nights]

This virtual currency concept is dangerous for whole world.

 

[wapking]

Good and relaible platform to buy ETH or BTC ?

 

[Shaunm]

Good and relaible platform to buy ETH or BTC ?

I use coinbase for both.

 

[kickthat]

This. Additionally, I'm not going to put any trust into a website concept that sells fuckin' HODL onesies.

Anyone wanna go in on a JV with me called "pumpanddumphump.xyz". All we do is make a list of these tiny-ass altcoins that are clear pump and dump schemes. But the bigger cash grab is our branded mousepads.

Yes.

Because why not?

 

[Shaunm]

A flippening is not a realistic scenario unless there is something fundamentally wrong with Bitcoin and the market rejects it. ETH's circulating supply is more than 5 times that of BTC and it is inflationary. For ETH to have a higher token price than BTC, means its market cap would have to be 5 times that of BTC as well. It's very unlikely to happen.

I am interested to see the effect POS has on the available circulating supply of Ethereum as well as the price of a single coin.