ETHERUM: THE UNDERDOG TO THE OVERLORD
Updated
There is an SEC thing in the pipeline. A lot of speculation. Ask around, it's a 50/50 thing. Some say ETH has what it takes to get some of that system love and backing. What's Hanz think? Yeah, it ticks all the buttons. Eth hardforked when they got hacked / robbed. The utopian crypto elites say that's bad because it's centralised, but big money is not interested in your utopian ideals. The idea of their money being protected in case of a hack is kind of attractive.
Some say ETH has no killer app. Hanz says no. How many ICO's this year already launched on ETH? Hanz rests his case. Killer app #1 already locked in. But there are others who can do the same? EOS? . Hanz nods in sarcasticly. We are sure they'll do well just starting out against a multi billion dollar established network that has some of the biggest established companies already on board. Real well. But that Ethereum investment fund thingy isn't even connected to the ETH everybody uses they say. It's cute you think that even matters.
Now Consensus coming up. Big announcements. Probably more partnerships. Those inside know. Do you even inside, bro? See, Hanz got that inside information of a different kind. You want to know the market - do you even know yourself?
What else? Hanz charted it. What else do you need? Targets? I'm not your mom here to hold your hand to cross the road. I say what castle to storm - you pick the soldiers you're going to take on charge.
Some say ETH has no killer app. Hanz says no. How many ICO's this year already launched on ETH? Hanz rests his case. Killer app #1 already locked in. But there are others who can do the same? EOS? . Hanz nods in sarcasticly. We are sure they'll do well just starting out against a multi billion dollar established network that has some of the biggest established companies already on board. Real well. But that Ethereum investment fund thingy isn't even connected to the ETH everybody uses they say. It's cute you think that even matters.
Now Consensus coming up. Big announcements. Probably more partnerships. Those inside know. Do you even inside, bro? See, Hanz got that inside information of a different kind. You want to know the market - do you even know yourself?
What else? Hanz charted it. What else do you need? Targets? I'm not your mom here to hold your hand to cross the road. I say what castle to storm - you pick the soldiers you're going to take on charge.
Note
Big ico's coming up this week. People going to buy hunting for ETH harder than kids looking for eggs.1. Status.im - a game changer. Think 'wechat' for ethereum. (see status.im)
2. Civic. Vinny Lingham (twitter.com/VinnyLingham) the BTC OG with game changing identity stuff - again, massive support for this
3. We are right on summer solstice.. if you know your cosmic shit than it's about transition. Longest days of the year in Nth. Hemisphere and symbolises jumping from old to the new. We are all willing to try new things now and take more risk. Is this the flippening? This in no way me endorsing ETH as being superior to BTC but realistically this can happen.
If ETH goes mega rally, it will surpass BTC market cap for the first time.
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1. tenx.tech/ another huge ICO this week. This is crazy2. Every ico more eth get locked up, reducing available supply pushing the price up
3. This is serious bubble building material
8. Hey where is 4 - 7? That's right. If Eth jumps 11% and Btc drops 11% we're going to see a quantum leap. Big volatility incoming.
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Some serious rektage. Status.im ico yesterday apparently created congestion on the ETH network which many speculators claim created the downfall, however, I see there is more to this story. Whatever the case, the opposite occured to the flippening and the gap widened between BTC and ETH. Segwit2 is apparently going ahead for BTC. So it was alt-coin death across the whole landscape. As of writing this update however, bitcoin has dropped 6%. Meanwhile, ETH is getting prime-time coverage in mass media outlets like New York Times: nytimes.com/2017/06/19/business/dealbook/ethereum-bitcoin-digital-currency.htmlMore ICOs are still upcoming. Will we see more ETH purchases in order to buy these tokens? Since there was a major dump, there may be a justified bounce for people to buy back into the frenzy.
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The vibe I have picked up from mass media is that ethereum is the next bitcoin. You and I, seasoned masters of all time and space not believe it, but we are a part of the 1% of the 1%. Reading that article from NY Times and other things I've seen on articles and tv statements the message is clear: bitcoin is the old, ethereum is the new. But Eth has already grown 5 infinite percent this year - so it must be the top, right? Not sure about that. While it's had massive growth everybody wants to be a part of what might be the next big parabolic jump and as you can see from the following chart, we haven't gone parabolic yet:
The technical issues of delayed transactions and congestion are lost on the 99.9% of new money coming into this game. Technical issues can be fixed. Unlike Bitcoin which struggles to make upgrades, Ethereum can be improved much more quickly due to having slightly more centralised leadership. People believe in Vitalik and the force in this one is strong and upgrades are already planned to solve these problems. Again, whether you or I, elite masters of the hash agree with that or not really doesn't factor in.
Fundamentally what is most important here to long term investors is the partnerships. Partnerships is where the trust is happening, and when Ethereum is the place of choice for ICO's right now it says that is where the growth will likely continue.
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TX's continually breaking all-time highs. Demand increasing like this is bound to bring up teething issues:etherscan.io/chart/tx
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This is a very risky trade here, but as you can see on this mega bull run we've had a recoil of the spring with some serious blood shed before unlocking some badger cheat codes. A lot of fear in the air now about buying eth here. You know what they say: buy fear, sell euphoria. The fear is that 'bubble' will pop. An avalanche of big sellers. GDAX had a multimillion dollar eth sale creating panic. Yet it was bought up in a heartbeat. It's a real potential threat, of course, that widespread panic selling could ensue. But be careful you don't project your miserable trading strategies onto monetary giants who are likely many multiples of times more intelligent, wealthier and connected than you.
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What happens when an unstoppable force meets an immovable object?1. Eth has huge momentum. A flash crash of a 'multi-million' dollars sale on GDAX is like putting a mathstick in front of a semi-trailer at top speed on the highway.
2. Companies which are raising in excess of 10's to 100's of millions of dollars worth of ETH are not going to just market sell and crash their holdings. Day by day, the vested interest of highly strategically well marketing resources are growing only adding to the momentum of mega pumps incoming. It is more in their interest that Ethereum succeeds since their tokens are linked to it. You live in a fantasy land or you are ruled by fear if you think they will just be putting all this effort in to launching startups just to raise an ICO and run. Yes, some smaller ico's may do this, but they are dwarfed by the size of larger investments now holding and pushing ETH upward
3. ETH is super oversold. Most of that crash was fear based. The more fear involved in the dump = the greater the fomo bounce will come as emotions subside and logic traders get back the strings over their reptilian brain
4. Microsoft And Accenture Aid ID2020 Partnership With Enterprise Ethereum Alliance Permissioned Blockchain Protocol ethnews.com/microsoft-azure-and-accenture-aid-id2020-partnership-with-enterprise-ethereum-alliance
5. Eth holders and developers are no joke. What is so incredible about the Ethereum platform is that it is literally like the most advanced network marketing scheme ever. Like, ever, ever. I don't mean it in a scammy way, but every single person who gets involved in developing in it becomes a full blown fanatic and evangelist for the system. Mostly we have seen ETH growth from just grass-roots actors, but now big players are involved it's just a matter of time until this thing goes absolutely insane.
6. Status.im - the news will settle about the ico issues of network congestion, but just look at the videos and the usability promise of this product. IF they truly do make the wechat of blockchain tech, making it that simple to plugin and interact with dapps then it's game over. Usability in our opinion is the biggest factor for the next quantum leap of crypto. Whoever can make something as easy to use as FB to do trade, advertise, identify and so on.. woah
Now there are some probs with Eth, sure. Scaling. Seems impossible. No doubt there are going to be others who apparently can solve these issues, but just like Bitcoin, as far as smart contracts arena is concerned Ethereum has first-mover advantage and the majority of developers with a vested interest making sure this thing can work. See eth reddit or github which is on fire with minds getting together to solve the pressing issues.
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Visa development confirmed: usa.visa.com/careers/jobdetails.jobid.743999653819658.deptid.934140.htmlNote
Some interesting developments:1. Vitalik announced parellalization of transactions which would mean there could be room for ~8 times as many ico's running at once comparable to status.im's 270million in 3 hours, or an ico 8 times as big? Which means we're going to head into dot com bubble size icos - likely will see ~2billion dollar icos within a day by the end of the year. See: reddit.com/r/ethereum/comments/6j0gcn/highlight_for_discussion_eip_648_make_ethereum/
2. Coinbase have made a great announcement regarding those who lost out to the flash crash of Ethereum on GDAX exchange:
"We will establish a process to credit customer accounts which experienced a margin call or stop loss order executed on the GDAX ETH-USD order book as a direct result of the rapid price movement at 12.30pm PT on June 21, 2017" See blog.gdax.com/eth-usd-trading-update-2-216a3b946ef6
As you can read by the comments everywhere, this parellelization fix combined with coinbase re-imbursement is likely to create a resurgence of hodler trust.
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NY Times letting the rest of the world know about icos. New money monday anyone?"Want to raise $35 million in seconds? For tech entrepreneurs, it’s possible thanks to the initial coin offering." nytimes.com/2017/06/23/business/dealbook/coin-digital-currency.html
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CNBC joining the choiryoutube.com/watch?v=0UBk1e5qnr4
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I will be continuing this one over here: 
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