Source
r/ethtrader•
QuantifiedHyperbole

I could be wrong, but..

SENTIMENT

I've been lurking here for a year or so (under diff names). I've been pretty quiet and haven't really made a lot of predictions.

I bought in to ETH around the $9 mark, and I'm sitting here all giddy like the rest of you.

I could be totally wrong, but from looking at the exchanges and news, there is an absolute frenzy going on. People are scooping up ETH even if it means they pay a 2-3% premium.

Don't want to overshoot here, but it seems to me like the $500 and $1000 mark will be here A LOT sooner than we expected. I'm not talking years, or even months.

I'm totally basing this off the momentum I've been witnessing over the past year, the momentum of today, the EEA news, and the insanity of the total coin market cap over the past few weeks.

fin.

Posted May 22, 2017, 5:29 AM UTC

3013
BItcoinFonzie•

When we hit a pullback, the buyers and the recent entrants will become very cautious, we might get stuck moving sideways for a while.

Bigger picture, we still don't have a fully framed out product- there's a lot of potential and room for growth, the trajectory is onwards and upwards.

9
type_error.•

yup. Plus all this new blood with high hopes drunk on the gold rush will help fuel the drop down as they panic sell. It would taint the Ethereum brand. So publicity and success is a double edge sword.

People need to understand that Ethereum/blockchain is an awesome ass technology with huge potential but at the same time this is all uncharted waters.

7
anti-Casta•

I think people are comparing the ETH rise with the BTC rise in 2013. But you can't compare that. BTC was the first crypto. It didn't had corporate backing. Crypto is more mature now and ETH has full corporate backing. I know corrections will happen but I don't see ETH making a similar crash like BTC experienced in 2013.

8
inasacu•

Completely agree with you. ETH is going to be very different the BTC. The only places where I could see a major turn back would be with a failed METROPOLIS or POS, which of course would eventually correct itself.

3
craephon•

The thing about ETH is that it derives speculation and value not only from itself, but from the hundreds of companies being built on it. It definitely has surprised me with its increase, and I think it's going to continue to surprise us with how it derives and coalesces value from other companies. People see these other ventures and want to invest, and then they do some research and find they need ETH. It's going to surprise us, I think, with how quickly it grows.

4
type_error.•

Hey, Im happy too. I got my Eth at probably around $.40 but I was also went through the mtgox crash so I will curb my enthusiasm.

3
QuantifiedHyperboleOPredditor for 3 months•

I see what you did there.. :) definitely curbed here. Just have a funny feeling about the way things are moving

1
ARKdb•

I love that show

1
JGM0redditor for 3 months•

$9?! nice man I can't even begin to understand how that feels when comparing to how I feel when I bought in at $60. You awesome people you!

3
newtonredditsLambo•

The rate of increase will slow and there will be corrections. I agree $500 might come sooner than expected, but not that soon.

Of course, I'm just guessing like most everyone else.

2
chickenbrethredditor for 3 months•

I share your sentiment ✌️

1
tarpmaster•

I think more money has come into this market In the last 3 months than in the 2 years before point. And I think that will happen again and again and again. And maybe again.

1
tumblingplanet•

I think we are also witnessing money from EEA. People from these companies can now invest in ETH post announcement.

1