finbits
Long

Reasons for Ether rising

KRAKEN:ETHUSD   ETHUSD
That is why i think Ether will soon beat bitcoin in capitalization:
1. Market cap is more 1Billion$ and it is growing.
2. Infrastructure of smart contracts (custom logic above blockchain technology) involving startups and big corporations ( Microsoft             , UBS             etc.)
3. New opportunities for companies wanting to use advantages of Blockchain technology in their businesses (poof of ownersip, IoT             , insurance, financial derivatives...).
4. Crowdsales of digital tokens based on Ethereum blockchain technology attracts large amounts of investments, for example The DAO - new type of decentralized autonomous venture fund, which token holders can decide by voting whether startup will get money or not and if it is case, system will automatically allocate the necessary amount of money to company. Today The DAO attracts more than 140M dollars in ether.
btc_joe
6 months ago
Your joking right?
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finbits PRO btc_joe
6 months ago
No, i think it really can in the near future (1-2 years) when some working projects appears on ethereum platform.
It's not just another altcoin, it brings new possibilities for business to use blockchain.
And you compare BTC and ETH charts you'll see that ETH now moves in the same direction that BTC when it starts, so i think it will rise higher.
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btc_joe finbits
6 months ago
"And you compare BTC and ETH charts you'll see that ETH now moves in the same direction that BTC when it starts, so i think it will rise higher." that's funny b/c my experience has been the exact opposite, at times the correlation is neutral or zero, but for the most part it is negative. I'm not sure i have ever seen any evidence of a positive correlation between the two for any lasting period of the time. I like ETH and think it has a lot of potential if it can win out the highly competitive space for smart-contracts, etc. but i just think its ludicrous to think it will ever take over btc in market capitalization.
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