How low do you think eth will get tomorrow when everyone that bought on the dip shorts?

how low do you think eth will get tomorrow when everyone that bought on the dip shorts?

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influencive.com/1-reason-entrepreneurs-ethereum-eth-bitcoins-competitor/
ethereum.stackexchange.com/questions/11/how-do-ethereums-transaction-fees-compare-to-bitcoin
twitter.com/AnonBabble

I have NEVER beaten my wife.

Yep. There's a reason it's so cheap at the moment.
If it fails miserably, well.... I guess that's the unfortunate reality of investing in a young, innovative technology.
If it's executed (very) well, and gains traction, there's no telling how far it might go.
All about risk/reward, man.

influencive.com/1-reason-entrepreneurs-ethereum-eth-bitcoins-competitor/

We are never going to see prices bellow 20 again.

If people "short" tomorrow, then they're dumbfucks, and I would personally buy all their ETH for twice the price.

In a week ETH will be at $40, in a few months at $300.

Fuckin lol'd.

I introduced ETH to a few tech savy friends today. They left feeling very optimistic and curious. Made me feel confident.

I really don't understand how ETH is going to grow that much.

I mean they just introduced an Ethereum casino called edgeless. I think we will be seeing a lot of Ethereum in the news very soon

Watch an investing 101 course (about 8 hours typically) and it will all make sense.

300 a coin is meeting the market cap of bitcoin which is inevitable. I think it will surpass the current market cap of bitcoin and we will see 400-500 dollar coins if no one creates a stronger more approachable network in the next two years

So will ETH not reach 1200 due to their just being more coins?

Even if we don't the fact that they are paying to run their shit on the blockchain means that ethereum has hit a level of abstraction that bitcoin hasn't hit.

Abstraction being the public is using eth networks and smart contracts without even knowing that they are and the programs that use it in my understanding all have to pay transaction fees in eth

Why is that special.l? You can make a casino with any crypto.

Why do you think reaching the market cap of Bitcoin is inevitable?

Yeah exactly.

So take the number of bitcoins out there and multiply that by the price and then do the same for eth.

eth advantages are an easy to program blockchain network and faster transaction times with lower fees so the adoption is pretty inevitable

So you see eth being 500 usd max it's entire lifespan?

It's not that they are paying in crypto it's that they are using the eth blockchain to run their transactions internally.

I suppose I think that it will because I think that the tech and security it gives is very desirable.

I think that maidsafe coin also has a very real world application. They have a two minute video on their website talking about uses for the blockchain specific to them. ETH is very similar in function but just has a more public blockchain so if you were truly insane about anonymity then you would move your program or network on to maidsafe or something comparable

No, I think that if the world adopts this and it happens to ethereum we could see unimaginable highs

But I don't see that happening. I think that we are at a beginning and eventually a blockchain tech will surpass it. But for the time being it seems to have the most utility and all of the planned updates for it seem to add utility

happens to be ethereum*

Really prediction is pretty hard. I think that the safest bet is to use the bitcoin market cap currently and when it nears that start to speculate beyond

ok ok

I appreciate the well thought out response.

With that being said, if Ethereum will be used for it's blockchain what makes ETH as a currency viable?

Is it simply because we hold data that can be used for the transaction process?

Well I am a bit confused as to what happens when the network changes to PoS but essentially every time a smart contract is carried out on a blockchain network I believe that the person that started the contract has to pay the network a small fee.

But let's say that chase bank switches to using a eth blockchain network because it's fast and secure, they may be running thousands of contracts a second and having to pay the network for all of that and they have to be holding a lot of eth as collateral to allow them to start all the contracts.

Through them paying the network and holding the currency it has value.

there is the very real chance that ethereum becomes THE blockchain

I can't imagine anyone seriously competing with vitalik and the group of people he's gathered around him

he's only 23 years old

Well in that case 1k coins could happen

The amount of transactions that a major corporation would run on the blockchain is insane.

There was an old ethbeta post on stack echange that uses "gas" to explain this all a lot better then I have. I'll find it and post it here.

ethereum.stackexchange.com/questions/11/how-do-ethereums-transaction-fees-compare-to-bitcoin

Understanding how these networks benefit everyone in them

I see. Good points. With my two weeks of non stop researching crypto's, I am hopeful that this:

will hold.

Luck is perpetration meets opportunity, and Bitcoin could have very well primed the market for a real Web 3.0. A talented team at the right time could be all it takes.

el justo