Consensus Blockchain Conference May 22-24 / Ethereum speculation
As I'm writing this Bitcoin has almost hit 2k and Ethereum is up 19% in the past 24 hours; huge numbers and I'm asking myself why, particularly in the case of Ether.
I think there's an electric vibe of excitement stirred up by the Consensus Blockchain Conference. I personally have added to my Ethereum investment because I expect the conference to inspire and charge up new comers, businesses, and provide positive affirmation for the members of the Ethereum Community that are still a little ehhh about the blockchain/smart contract technology. I believe other investors are speculating in a similar way.
--What does this mean for other crypto currencies?
Although the conference does not purely spotlight the Ethereum Network I think that it will out shine its crypto competitors. With that being said, if the price of Ether continues its upward trend investors could potentially pull out of Bitcoin and other Alt-Coins.
I personally have been watching Bitcoin gather momentum waiting for a deep price correction before I invest in it again but I no longer believe that will occur, I think there will be a price drop of about $300-400 which is substantial but nothing like the negative spike I was hoping to see.
--What does this mean for Bitcoin and other Alt-Coins?
If there is a $300-400 price drop in Bitcoin due to Ethereum taking the spotlight this will help Bitcoin in the long haul, the transaction volume could drop and slowly pick back up to where it is now and by that time it will hopefully be running much faster. For the other Alt-coins this could damage their value short term but more exposure to Bitcoin and Ethereum brings new comers who will eventually explore the crypto world on a deeper level thus bringing them into contact with the other coins and technologies, especially steemit!! I'm thoroughly excited to hear how the conference goes and hope it helps to grow this community here.
I love to hear other opinions and speculations on these types of topics so here is mine; with the experience and knowledge I have, my advice is to invest in Ethereum now before the conference, watch the charts and when things start to hover again spread your investments out once more.
--About the Conference, info taken from coindesk.com -> link to the webpage -> http://www.coindesk.com/events/consensus-2017/
Big names and leaders of the Crypto World are speaking
The CEO'sof coinbase, Fidelity Investments, and blockchain will be speaking just to name a few big players. Big names like this give the conference a stronger sense of legitimacy and encouragement for the attendees. The conference is located in NY and is from May 22nd-24th.
I hope that readers find this post helpful and comment to add value to the opinion I'm providing!
Solid post. Good to see I'm not the only one that is thinking about this. The blockchain is here to stay. No matter what any crypto will do in the upcoming years. I think that's a conclusion we can make by now. I found this amazing platform: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. On: https://www.coincheckup.com/coins/Ethereum#analysis For a complete Ethereum Investment and research analysis.