Ethereums - about to hit $5,000 per coin today!?

[obsidian]

Ethereum is now at $4,807! Bitcoin moving up even more at $67,642!

[Dave D]

What’s another good coin to grab?

[obsidian]

What’s another good coin to grab?

Bitcoins and Ethereums. Then Bitcoin and Ethereum 

Seriously I would look at Solana, Cardano, Decentraland. Probably won't hurt grabbing a little Shiba and Doge and HEX. But those are volatile. If you can buy a big dip it could be worth it. I will probably get some Shiba in the future just to play around with. I think Bitcoin and ETH still have a ways to go up. I plan on getting some Bitcoin in the future if there are signs that we have reached the top. Bitcoin is the most stable of cryptos in a bear market. But with all the dollar printing there is no way of knowing when we reach a top.

If the SEC / XRP resolves favorably look for that to go up in value quite a bit. I still have hopes for IOTA. They had many setbacks the past few years but the project has shown some progress lately. However IOTA has been a disappointment. I have not sold my 2018 tokens though.

[obsidian]

Inflation concerns are fueling cryptos and other assets.

https://news.yahoo.com/ethereum-hits-high-bitcoin-nears-130845652.html

Bitcoin neared a record high and ethereum reached a fresh all-time peak on Monday amid continued fears about inflation.

Ethereum, the world’s second biggest crypto token, was up 2.8% to $4,739 by 12.50pm in London. It had been as high as $4,761 earlier in the day.

Bitcoin was 6.3% higher at $65,949. The all-time high for the cryptocurrency is $66,930.

Tokens were advancing on Monday amid continued fears about inflation around the world. The Bank of England warned last week that inflation was set to peak at 5% early next year and the market expects official data due in the US on Wednesday to show inflation running at 5.3% in October.

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said the recent rise for cryptocurrencies was “fuelled by expectations that the era of cheap money looks set to hang around for longer, while inflation is expected to keep ticking up.”

Bitcoin has an inbuilt limit to the number of coins that can ever be in circulation, which leads some investors to view it as a hedge against inflation. Soaring prices this year and continued loose monetary policy have led investors to pile in to bitcoin this year, making it the best performing asset so far this year. Bitcoin is up 111% since the start of the year, Bank of America said on Friday, outpacing the 71% gain for oil.

“The recent surge in the crypto asset partly seems to have been caused by investors piling in, seeing it as a hedge against inflation,” Streeter said. “Some appear to have been enticed by the argument that the huge monetary stimulus programmes unleashed by central bank is fuelling inflation which will see the value of money decrease over time, whereas Bitcoin has a fixed limit on the number of coins which can be created.”

The surge in bitcoin and ethereum supported prices in the wider sector. The global value of cryptocurrencies is up 3.9% to $2.86tn over the last 24 hours, according to data provider CoinMarketCap.com.

[Notomorrow]

What’s another good coin to grab?

Ethereum and Bitcoin should be your only choices at this point, unless you really have some money to risk. Just like the boom and collapse of the .com's in the early 2000's. Bitcoin and Ethereum could likely be the last men standing when the dust settles. This is simply because they have different goals. Bitcoin has the main goal of being a digital currency with a limited supply, like Gold. But Ethereum is basically using the crypto to create a software network, doing applications and contracts facilitated by Ethers or whatever their coin is called.

Things like Litecoin compete directly with Bitcoin, with the advantage of being faster and more supply, but really is like silver with Bitcoin being Gold. Not likely to compete with Bitcoin.

So for crypto being used as reserve, Bitcoin is the boss. And Ethereum is best for contracts or services facilitated by Ethers  or whatever their coin is called.

If you want to speculate, look at the cryptocurrencies that have some sort of unique function. Like reduced transaction fees for larger transactions, as Coinbase is really cranking up the fees on transactions. And it's a percentage, almost 3% per transaction for Coinbase. So Stellar Lumens(XLM) is great for really big transactions, especially international one's as you get very low fees AND near immediate conversion to any currency around the world.

But if it's just straight reserve currency, Bitcoin. If it's some sort of crypto service, for contracts, applications, etc its Ethereum.

The rest are knock offs essentially, promising some sort of unique advantage that we have no idea how it will be accepted. Kind of like Pets.com in the dot.com boom. "Hey, for pet lovers a unique website with just pet shit".  Some people got rich but then the crash, as the business model was fucked. Are you really paying shipping on some big ass pet carrier or cat stand you can get at Petco? And people like going to the store with their pet, returning things their pet doesn't like, etc.

So think about what each crypto is offering as each has a unique target market and proposed function. But some will not be here in a few years.  Only use money you are willing to lose for any other speculation. It's like Vegas.

[Griffith]

8-10k this year.

 

[obsidian]

8-10k this year.

 

Maybe sooner than we think. The triple halfing has not been priced in so far. Because people are not aware of how the tokenomics changes after the merge. The inflation rate will dramatically go down, making ETH more scarce.