Ethereum to the moon in the next few month. Explained by logic, tipping point, and Bitcoin fork.
As Always Double Check Everything, Everyone, and Do Your Own Research!
This post will present an argument on why Ethereum is going to gain major part of previous Bitcoin investors, and go to the moon. This post was previously published by me on July 29th to a facebook group. So far it held true, and I believe it will continue to do so.
This argument is based on Tipping Point Theory, logic, and Bitcoin fork.
***Bitcoin Fork***
Before the fork speculations started Bitcoin had just under 90% market hold. Over past 5 month Bitcoin wend down to as low as 37% market hold. In past week Bitcoin got a boots and went to hold 50% of the market. I believe this to be caused by people looking for the freebies in BCC. Who doesn't like free stuff? I predicted that once BCC hit the market it's going to get dumped, and dump it did. From 500$ to 200$ and still going. (in the long run I think BCC will be worth more) After the dump Bitcoin once again is holding less than 50% of the market. People say that when Bitcoin drops the Ethereum prices also drop. Maybe true but at a different rate letting Ethereum hold up a major part of market penetration. This is where the tipping point comes in.
***Logic***
When you have two legitimate Bitcoin options BTC & BCC the decision into which one to invest becomes tougher. Especially when the market future for Bitcoin is still extremely uncertain. At which point, a contender that is getting huge boots in popularity is starting to look a lot more appetizing. That is Ethereum. That is also where the Tipping Point Theory plays a big role.
***Tipping Point Theory***
Ethereum for the first time ever had a hold of over 33% of the market in June. That growth was stunted by the prospect of free BCC. Now that the fork is done, BCC can get dumped, and markets are on their way to normalizing, investors are going to start coming back. And I believe a lot of them are going to buy Ethereum. The Tipping Poing theory basically goes to explain how something becomes viral.
Think MySpace & Facebook. Myspace had deep hold on the market, pretty much everybody used it. One day you hear about Facebook and dismiss it. The next day everyone is talking about Facebook and the FOMO (frear of missing out) kicks in. The following day it becomes the most used social network.
Same principle applies to anything ideas, products, and cryptocurrency. The more people know about it the faster the trend spreads. For that trend to stick it has to be a good one, Ethereum is better than good. This is where the tipping point comes in. Tipping Point theory states that at about 15-35% market penetration, the idea goes over the tipping point into a viral outbreak. Basically when every fifth or forth person is talking about an idea it goes viral. Ethereum just hit the tipping point and is on its way to become a viral outbreak.
***Clarification***
To clarify I am NOT saying that Bitcoin is going to crash and burn. No, that will not happen. It is the most traded and common currency on the exchanges. What I am saying, is that over the next year or so, they are going to share the market similarly to Windows & Mac OS in US. Windows = Bitcoin still has the majority but Mac OS = Ethereum will be taking roughly half of the market and moving up over time.
Also I am NOT saying that Bitcoin is going to drop in value. No, the cryptocurrency market is at an all time high and is getting bigger exponentially. This means everything is going up. What I am saying, is that Ethereum is going to get a strong grip on market hold, and for every time Bitcoin gains 100% in value Ethereum will get 200-300%.
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Also check out my research on OmiseGO (OMG):
https://steemit.com/cryptocurrency/@guyfawkes696/research-on-solid-coin-to-invest-in-omisego-omg
I hope this happens as well. It seems like you have done your research. Thanks started following you.
I will do my best to keep up the good work. Thank you for the follow my friend.
Maybe you are right, but ETH's design is to be used as gas in smart contracts instead of an deflation able currency like BTC.
Yeah but people trading it only care about the value. And a lot of apps are being built on it so Gas should roll in as well. Just my thinking.
That seems pretty promising speculation and I hope it happens since I'm mining it. Thank you.
Thank you. Very much. I'm planning to be doing more alt coin reviews and researched predictions. Subscribe for more :)
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Nice blog. Nice to see I'm not the only one who thinks like this. The current total market cap of all cryptos might seem high but blockchain is here to stay and will involve all our lives. I do see a bright future for everyone that's hold's their coins with a long term vision. Does anyone know about: https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. On: https://www.coincheckup.com/coins/Ethereum#analysis To see the: Ethereum Analysis.
Nice info source. Thank you for that.