ETHEREUM JUST HIT $140 And I Bought More. Here's WHY:

in #ethereum7 years ago (edited)

by SGT, SGT Report.com:

Two days ago I posted a video that posed this question: Could Ethereum be the next $1,000 crypto currency? You can watch that video at the bottom of this article.

Screen Shot 2017-05-21 at 1.23.20 PM.png

At the time Ethereum was trading at $120. Today it hit $140. And I just bought some more.

Screen Shot 2017-05-21 at 12.33.10 PM.png

Two days ago Ethereum had a market cap of $12 Billion, today it's $13.5 Billion.

Screen Shot 2017-05-21 at 12.32.24 PM.png

Given the interest in Ethereum and the decentralized ETH network by VC's, startups, corporations and banks ranging all the way from Proctor & Gamble to Swiss Re, is there any doubt that Ethereum's $13.5 Billion market cap has the potential to swell to $100 Billion or more as the finite supply of ETH is bid up by growing demand and unimaginably deep pockets? Sure, it's pure speculation, but I vividly recall Apple computer (Yes, that's what it was called back then) in 2001 or so when it had a teeny tiny $6 Billion market cap. The stock was $12.

We all know what happens when sought after technology meets insatiable demand. Fortunes are made.

As Steemit user thenextturn commented under my last article about Ethereum:

"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."

Consensus 2017 conference begins in 5 days. Featuring two and a half days of expert presentations, panels, and demos regarding the most important commercial developments, technical innovations, and public policy issues affecting the evolution of the blockchain industry, Consensus 2017 will shine even more light on the Ethereum story - and open more eyes, creating more demand.

If you think that's puffery, understand that the Ethereal Summit, a one-day event, hosted by ethereum startup and incubator ConsenSys is being called a "spiritual event". The $600 per ticket event featuring 50 speakers was sold out.

Screen Shot 2017-05-21 at 1.01.28 PM.png

According to Coindesk, Brock Pierce, co-founder and managing partner of Blockchain Capital, encouraged people to consider the investment opportunities.

"Every asset is eventually going to end up here. The thing to think about as investors is market timing. A lot of ideas might be right, the question is, where are they in the cycle?"

Elsewhere, on a panel about the token economy, Jalak Jobanputra, founding partner at Future Perfect Ventures, spoke of how cryptographic, blockchain-based tokens would the open doors for people all over the world to support companies they personally believed in.

"We are going to see better companies. We are going to see a better world emerge," she said.

Read the full article here: http://www.coindesk.com/spiritual-experience-hot-wild-ethereum-summit-sign-times/

So what exactly IS Ethereum, and why (aside from the climbing price of ETH) should you care? Is Ethereum a revolutionary technology, or just another "Tulip bubble"? You decide:

Programmer explains Ethereum | Future of the Internet

....

The Price of Ether is About to EXPLODE [published May 18, 2017]

...
Here's my original video about Ethereum and how the entire crypto space might be used by the big banks to stockpile hundreds of billions, even trillions of dollars.

....

steemit  Shot 2017-05-20 at 8.49.49 PM.png

Sort:  

You made a great buy. The Ethereum blockchain is being adopted more and more for a variety of applications. The future looks bright for Ethereum.

Steem on,
Mike

etcmike, It's simply incredible to consider.... less than six months ago one could have purchased 10,000 ETH for around $75,000. Today those 10,000 ETH are worth $1.4 MILLION. And I'm willing to be that NONE of our friends, neighbors or colleagues have ever heard of it. This is still the pre-game show for the first game of a seven game world series.

Those friends and family didnt want to listen to me at $7... Im laughing now 😆👍👍

Ethereum is going to be a great buy for the foreseeable future !!
Great article Sean !

Thanks for tuning in here tracey, I appreciate the feedback. :)

Sure Sean.... glad it is of use to you.
I've been following you for a long time on youtube. I have never been much for social media but have now come to the conclusion that I might need to. My career used to be in insurance but since I discovered bitcoin 15 months ago I have completely changed careers and am now 100% in the cryptocurrency industry with a new start-up company, "Nexxus Partners".......soooooo....

here I am on steemit.... I bought tokens a couple days ago and after hearing your story of being demonetized (and am aware of all the others) figured I needed to/better get involved and you were the first one I followed as soon as I figured out how to do that, LOL...

anyway... I am just now learning how but my plans are to be posting on a regular basis information that everyone can use to become more familiar with cryptocurrency in the hopes of doing what IS our stated mission at Nexxus which is " helping facilitate the mainstream adoption of all cryptocurrency worldwide". You can learn more at www.nexxuspartners.com

Please, if you like, follow me. because I follow your you-tube and now your steemit, I know you are starting to talk about the virtues of cryptocurrency and I will be posting about exactly that :) and can also get you enrolled in classes (for free-I'll cover the cost) that can help get you up to speed on cryptocurrency.

The classes I'm talking about are offered on-line, at Nexxus University, and are about crypto currency. If you are interested, I will be happy to tell you more about them and give them to you for "free" with no-obligation. For more information : http://traceybyoung.nexxusuniversity.com let me now if you are interested and I will take care of the cost.

Anyway, it was great hearing back from you .... you do a great (professional) job! Keep up the important/good work ....

Amazing, I checked price on Friday it was somewhere around 105! Such impressive spike!

WHO IS THE FASCIST A-HOLE WHO KEEPS FLAGGING MY WORK ON STEEMIT? This is getting to be worse than dealing with YOU TUBE or Sundar Pichai.

It seems to me like Ethereum could possibly be worth more than Bitcoin one day.

Bitcoin is forecasted to go to $14,000. next year ...

I bought Steem. Should have bought Ethereum. I just have no time understanding them all

Sean: I agree completely. That being said your going to need a strong stomach with this or Bitcoin. I believe big traders will manipulate the prices for profits and you know the banksters are going to try to get involved in manipulation if they aren't already. They will intentionally smash prices just like the paper metal markets to scare average investors away. These coins are their worst nightmare especially if the general public wakes up. At that point they will not be able to stop the tsunami and they know it.

Great write up Sean. Etherium will perform the way silver should have if there wasn't criminal manipulation in the PM markets. Keel stacking (ETH and PM's)!

Planet, agreed - this is how silver SHOULD be trading if it were traded in a free and honest market. I wish there was no Comex and no LBMA, they are little more than criminal mechanisms to exert control over price.

I'm all for other shitcoins. BUT Be careful who you invest in. They might change the rules on you. ETC Ethereum Classic - ETH Ethereum. History rhymes.... Moneychangers are keen on changing rules solely to fuck you!

I am so ambivalent on buying ETH right now, I mean... aren't we chasing price after all that craze ? Doesn't the graph look like a hockey stick parabolic move ? Shouldn't we buy low sell high like the old saying ? Maybe I'll seriously miss the train, but I'll wait for a pullback.