These two charts are almost identical to date. I will continue to watch ETH/USD, my prediction is that ETH/USD will go on a bull run where we would see new all time highs.
Hi there, nice charts.
If the bottom of the cup was more round, it would be ideal! Here is my analysis of ETH using Elliott Waves. I believe the waves or price pattern in the black box is a parent fractal of the ones in the green box. Higher highs to $440 is expected, IMHO.
Thank you, Professor Haejin for your analysis...Couldnt thank you enough for teaching me and many others the Elliott Wave Theory and how to apply it to any chart
I'm bullish on ETH because of the "sticky-ness" created by the utility of the platform and the fact that smart contracts (once implemented) require participants to still be involved through the end of their contract. Just like people keep going back to Facebook (once enough of their photos, friends, and data are stored there), I believe that the Ethereum platform will have a certain amount of business stickiness, because people's data, money, contracts, and transactions will live there. For this reason I believe it will become more valuable than Bitcoin. Bitcoin has the advantage of being first to market with mass adoption as a store of value, but if people found a better store of value they could (in theory) dump their BTC for something else. But once people exploit the possibilities of the Solidity platform and have contracts, this "stickiness" prevents (or slows down) a mass sell-off event to run to a new platform. For these reasons I believe that it will be a better long term investment than BTC.
I do expect a higher amount of volitility in ETH over the next 3-7 years, as many 'experiments' in DAOs and Smart Contracts are explored. Just like the .com Boom and subsequent bust showed that there are a lot of dumb ideas and a few really awesome ones, I believe we will see a similar number of Solidity Startups boom and bust. Those that remain after will change the world in a similar way to how companies like Expedia.com changed travel, or how Amazon changed retail, or how Youtube, Netflix and Hulu changed media distribution, and how Facebook changed the speed of information sharing.
Firstly, thank you for your well thought out response...
Damn you make very good points. I had not before realized how Ethereums platform will naturally keep users tied to the blockchain and how that adds extra strength to Ethereum...When Proof of Stake is established I believe it will significantly add more to that stickyness that you were referring to.
Hi there, nice charts.
If the bottom of the cup was more round, it would be ideal! Here is my analysis of ETH using Elliott Waves. I believe the waves or price pattern in the black box is a parent fractal of the ones in the green box. Higher highs to $440 is expected, IMHO.
Thank you, Professor Haejin for your analysis...Couldnt thank you enough for teaching me and many others the Elliott Wave Theory and how to apply it to any chart
I'm bullish on ETH because of the "sticky-ness" created by the utility of the platform and the fact that smart contracts (once implemented) require participants to still be involved through the end of their contract. Just like people keep going back to Facebook (once enough of their photos, friends, and data are stored there), I believe that the Ethereum platform will have a certain amount of business stickiness, because people's data, money, contracts, and transactions will live there. For this reason I believe it will become more valuable than Bitcoin. Bitcoin has the advantage of being first to market with mass adoption as a store of value, but if people found a better store of value they could (in theory) dump their BTC for something else. But once people exploit the possibilities of the Solidity platform and have contracts, this "stickiness" prevents (or slows down) a mass sell-off event to run to a new platform. For these reasons I believe that it will be a better long term investment than BTC.
I do expect a higher amount of volitility in ETH over the next 3-7 years, as many 'experiments' in DAOs and Smart Contracts are explored. Just like the .com Boom and subsequent bust showed that there are a lot of dumb ideas and a few really awesome ones, I believe we will see a similar number of Solidity Startups boom and bust. Those that remain after will change the world in a similar way to how companies like Expedia.com changed travel, or how Amazon changed retail, or how Youtube, Netflix and Hulu changed media distribution, and how Facebook changed the speed of information sharing.
ETH to the Moon!
Firstly, thank you for your well thought out response...
Damn you make very good points. I had not before realized how Ethereums platform will naturally keep users tied to the blockchain and how that adds extra strength to Ethereum...When Proof of Stake is established I believe it will significantly add more to that stickyness that you were referring to.
Again thank you for your great insight
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