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Re: Ethereum

By: De_Composed in 6TH POPE | Recommend this post (0)
Mon, 11 Mar 24 2:59 PM | 42 view(s)
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(This msg. is a reply to 50954 by De_Composed)

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Re: “I will be until it tops $3,900... which I think will happen fairly soon.”Here's a pretty good look at what Ethereum has done. Since I bought it near the current price but as it fell (never try to catch a falling knife, they say!), it's pretty easy to see the storm I've weathered - as well as the incredible recovery ETHER has had in just a few months.

I'll need it to hit new highs in order to have a sad but respectable 6% rate of return. Bitcoin has already hit those highs, trading above $72,000 right now. I think ETHER will see a lot more than that, one day. It's the second best known cryptocurrency and a better product than BTC. While it will never be the "first digital currency" that Bitcoin is... with all the advantages that that comes with... it ought to make inroads against Bitcoin over time.

ETHER has a market cap of $485 billion. BTC has a market cap of $1.4 trillion.

I'm expecting the U.S. government to announce a cryptocurrency of its own. Since I don't care to be tracked by my government, I won't be receptive to it, but I don't think we're going to have much choice. I think its arrival will herald the end of paper money and perhaps the beginning of major black market bartering in our country. It will not be a pleasant time.


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The above is a reply to the following message:
Re: Ethereum
By: De_Composed
in 6TH POPE
Fri, 08 Mar 24 3:36 AM
Msg. 50954 of 60008


Re: “I will be until it tops $3,900... which I think will happen fairly soon.”It was $3,217 when I wrote that. Seven days later and I am no longer underwater. Whew ~

After two years and being down by as much as 50 percent, it's nice to be up!


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