$2,000 BITCOIN: COULD ETHEREUM GO TO $1,000?
by SGT, SGTreport.com:
Bitcoin is poised to pass $2,000 USD tonight, while Ethereum is up nearly $40 today alone to $127. Less than three months ago Ethereum was at $8. The crypto currencies are on fire, and in the Ethereum's case, for good reason. With a $11-12 billion market cap, we feel compelled to ask the question: Could Ethereum be the next $1,000 crypto?
There remain several schools of thought on the crypto currencies, and Bitcoin in particular. About a year ago I became vocal about the potential rise of Bitcoin back to stratospheric levels and advised listeners to consider taking a small, speculative position in Bitcoin as a hedge against inflation, and as a gamble on the potential for the crypto to hit new all-time highs. Which it has, and then some.
But now the interest in Ethereum is growing, BIG TIME. According to Wealth Daily May 22nd kicks off the Consensus Blockchain Conference. This conference goes for two days and features workshops that educate attendees on the benefits of blockchain technology.
Ethereum Is About to Boom
https://www.wealthdaily.com/articles/ethereum-is-about-to-boom/8674
Wealth Daily's Alexandra Perry writes, "without argument, Ethereum will be the star of the event. It has become the darling of many companies that are trying to improve their networks. "
Just look at this list of attendees:
ABN AMRO
Ad Meliora
Accenture
Allen & Overy
A.T. Kearney
Berger Singerman LLP
B2C2
BNY Mellon
Bloomberg
Broadridge Financial Solutions
BroadRiver
Capital One
Citigroup
CME Group
Cognizant
Cooley LLP
Covington & Burling LLP
Crowell & Moring LLP
Davis Polk & Wardwell LLP
Deloitte
DTCC
Equifax
EY
Fundserv
Friedman LLP
Goodwin LLP
Guardian Life Insurance
Hitachi Solutions
Hogan Lovells US LLP
Holland & Knight LLP
IBM
Infosys
LG Electronics
Medici Ventures
Microsoft
Nasdaq
New York Life
Penn Mutual Life Insurance
Perkins Coie LLP
PwC
Procter & Gamble
Prudential Retirement
Rakuten
S&P Global
SAP
Scotiabank
Siemens
Shanghai Clearing House
Silvergate Bank
Standard Chartered Bank
State Farm
Sullivan & Cromwell LLP
Swirlds
Swiss Re
Synechron
Thomson Reuters
USAA
Vanguard
Western Union
And more...
Perry notes, "Ethereum is quickly overcoming an obstacle that Bitcoin struggled with: widespread adoption."
At this point we can only ask: GOT ETHEREUM?
*** PLEASE UP-vote, re-Steem and FOLLOW @SGTreport -- Thanks!! ***
Etherium is the most useful of the cryptos, because it's a platform. We are just beginning to understand its applications, and there will be many. Get some now. I'm still kicking myself for not buying at $8, but this story is just getting started. The vast majority of investors haven't come close to considering cryptos yet. When that dam breaks, look out.
BUY CRYPTOES SEEL THE US DOLLAR
The dollar will begin its 18 year cycle with a 9 year downturn period to the eurocurrencies as it always has done. This will probably be very bullish for precious metal too.
Check out this post for more on the cycles of weakening US dollar and the current state of the dollar.
https://steemit.com/dollar/@sjovmaiin/the-coming-fall-of-the-us-dollar
I know a lot of people are into Cryptos, but you really need to read my blogs about Pocket Change... @pocketechange
So, what do You Think about this steem currency ?
Everyone that is new to these cryptos should remember one thing! They are a software program based on open source code. At any moment, that feature that makes one "better" than another could be incorporated into most of them. A few years back, the Bitcoin core developers considered some major changes, block speed, block size etc., but decided to wait because others like Litecoin, Feathercoin, were already EXPERIMENTING with these features. Many of these alt coins are just that... running as a test case for new ideas.
I respect the fact that the Bitcoin core development team is conservative and willing to wait before incorporating a change. Many companies are starting to transfer to Litecoin because transactions are faster, and that is good as well, but lets see how the LTC structure reacts when the transaction count hits full throttle to what their network can handle.
Having said all that, I will also add that, Etherum, Ripple, DASH, and many other cryptos are entirely different than BTC, and will always remain so. BTC cannot and would not be able to duplicate the features of these alts. They are essential blockchain 2.0 products. It is my view that worldwide adoption will not happen till blockchain 3.0 technology is invented. As of right now, the only alt coin that I have found trying to develop a 3.0 platform is DASH. Their upcoming 'Evolution' wallet will change everything that newcomers and veterans hate about cryptos.
Nailed it.
Where have you been able to send your currency value to , other than a bank ?
I believe that Ethereum could go WAY past $1000.
Yes it will
Great Video SGT! I'm going to watch it again!
Thanks a lot c-sig. I often enjoy making these brief news updates even more than the interviews.
I got $2000 on Gatecoin bitcoin price... And moved more Dash to ETH...
Well I have come over here today , instead of staying on youtube , but this 50 digit password seems to be too complicated
Ethereum & Bitcoin fall into the same 'sound money' group as gold and silver imho, steem on!
I love you Sean (brotherly love!). Upvoted and resteemed! :-)
Thank you my friend!
Sean, I can't remember if the Webbot had indicated a big Bitcoin pullback at $2,000 or $2,300. Do you have that report still available to check again? Is JSNIP on Steemit already? He could answer that one pretty quickly since I think he's basically memorized all Clif's reports by now ;-)
fyi...from report...
The data is still maintaining a 'drop' in US price of around $500 as the price of bitcoin approaches the
'old high price for gold'.
The data has the 'price drop' for Bitcoin to cause the more or less accustomed 'freak-out' by those not
experienced in real price discovery, and then, data sets have Bitcoin back on the 'fractal track' it has
established with a new 'target' of over $2300.
That is extremely helpful. Thanks a lot for that
It'd be nice to see Steemit get that high up there in price. Ethreum and bitcoin seem to be moving way too fast. The metals should be moving this way, its pretty outrageous.
Keep up the good work SGT!! Followed you over on Youtube, glad to see you here on Steemit!
What's up Doc?! Thanks man.