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RE: Ethereum (ETH) Target Revised Up to $1,018...Check out this analysis!
If you look at % gains, ETH will be doing better than BTC. Currently I'm mostly on BCH which currently slightly less profitable than BTC for mining. A small but decisive rally should kick BCH to the moon. What I want to see the most is BTC ceasing to be the moon that drag the crypto world.
A somewhat stale BTC will be a great chance for Alt-coins to eat up BTC market share.
Interesting point about ETH. Could you elaborate? How can you tell that ETH will be outperforming BTC? It has been underperforming BTC for a very long time now.
A few people here seem to not be able to comprehend basic financial logic: When BTC is going up, TA should be done against BTC, this way you make sure to outperform BTC, thus dollar. On the opposite side, when BTC is going down, do TA against dollar, this way you outperform BTC too.
So much hate for an affirmation that will aid them in making more money. Why is that? Because I tried to help them?
Sorry that I said all of this on your comment, Vimukthi, but I remembered you from the old days.
What I'm saying is 15K BTC is only 50% gains while 1K ETH is way over 100% percent increase. So according to TA, ETH should be outperforming BTC which is a great thing.
I can't stand BTC being on top mainly for 2 reasons.
#1 It's a terrible piece of tech with terrible relative utility. There are people who hate VISA and MasterCard and embrace Bitcoin. I do the same embracing superior cryptos over Bitcoin. To me the success of Bitcoin is like the success of the Emoji Movie. I mean it's the 36th highest grossing movie of the year according to boxofficemojo.
#2 Bitcoin is dragging down unrelated products/services when it goes down. Think every tech company's stock value was tied to Apple because it's the leading tech company. What does Apple, Amazon and FB has to do with each other? Bitcoin doesn't allow other coins to stand on their own when it goes down.
I've stated that Bitcoin will end like the British Empire. Alt-coins will slowly eat up the market share of BTC. Personally I see a better future for BCH which is something I've supported: https://steemit.com/bitcoincash/@vimukthi/a-love-letter-from-dash-to-bitcoin-cash-and-roger-ver-my-venture-into-the-crypto-sphere
I also have problems regarding the Bitcoin devs and the community:https://www.reddit.com/r/CryptoCurrency/comments/7cyz5m/confessions_of_a_core_supporter/?st=ja0a5qxi&sh=a80d949e
https://steemit.com/cryptocurrency/@vimukthi/lessons-from-dash-community-vs-pivx-how-to-act-like-the-adult-in-the-room-and-stop-the-pointless-hostility-to-embrace-the
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Tt-dogg for witness. Hah
I actually tried that just now. I get a message: steem account doesn't exist.
That’s cool I’m a go host I. The steem machine. Lol
At #2, one thing that comes to mind is that you don't need Apple shares to buy other stock
And people are bound to pick these things up eventually. Some people don't research and some are slow to learn. But everybody learns by sticking around. Plus there is going to be more and more people wanting cheaper and faster transactions. A good portion of them will get into BCH which is more of a Bitcoin that BTC itself (https://bitcoin.org/bitcoin.pdf). Some will choose LTC. Dash will become huge. PIVX is doing some rock solid marketing and most importantly people will come across coins that go beyond from just another medium of exchange.
That'll be lot of attention into STEEM, BAT, SONM, EOS, Sia, MaidSafe..........etc etc.
Most places that sell fiat for BTC sell ETH and sometimes Dash, BCH, ZEC, ETC, LTC. So despite the hype and dumb money, we are moving in a good direction.