As I posted yesterday, it's possible that ETH is surpassing BTC's market cap sooner than we all might think; it may happen right here - right now, but maybe it will need some more days or weeks or... - who knows!? This flippening could create another "Once Upon A Time Story"- moment in the history of cryptocurrencies!
...and put them in prison!
We all know the powers reigning for centuries have to be shifted back from the one percent owning everything to we the people living suppressed all around the globe. Some events in life are planned long term to make people for it's changes blind, but some, like this one right now are executed within hours; it's taking place that rapidly that you will first realize it after it had happened.
You may think about Ethereum, the DAO, the following chain split and its policy right after whatever you want, because there are some issues they don't fit well into a world of consensus, immutability and decentralization - but that's not the topic here. You can grade it as you like but you can't ignore the fact that this rise in Ethereum's price no one has foreseen in that short period of time and that things like that only happen in times of change.
How long this price run will go on? I don't know... - I don't even care, cause I made up my mind, designed a plan that's able to play the game out right. But be aware that thereafter there will be something different, and that's a no-conspiracy-fact!
What's driving this enormous ETH-Rally?
1st - "Watch money flow!"
Stocks, bonds and housing markets are all in a Big Fat Ugly Bubble; if the money flows out of this markets - like it did last friday in the tech sector on a very small portion - big fat money will flow into other directions... especially into the cryptocurrency market and the long suppressed physical PM's!
Why? Because in the end no one likes to lose money, and in times of stormy weather every single investor wants to ship into a safe asset class haven! THINK! How would you feel being invested in stocks or bonds right now? ME? A lil scary, just as if this guy would stare at me... He the Wall Street Slaughter Machine!
2nd - "ETH is a much broader market!"
Meaning by that: if I want to transfer big fat money very fast on low fees, Ethereum is much quicker and cheaper than Bitcoin is right now! No one who is transfering big amounts is patient enough to wait more than it needs!
And by the way, Ethereum is also becoming a SOV - a "Store Of Value", slow but steady; maybe even on a much higher return than BTC due to Ethereum's rising price!
3rd - "China & Russia (... - and maybe the rest of BRICS will follow)!"
Some insiders like Jim Willie say that they're trying to set up a cryptocurrency backed by Gold on the ETH-chain.... - wasn't Vladimir dating Vitalik lately??!
Mmmmmh... let's thoughts flow and spin for a lil while... mmmmmmh - got it!
4th - "Psychology - or how to push prices by playing the FOMO-Game!"
Once I have a clear goal, I was trained to make the last steps as consequent as the first ones. I'm out there to reach my goals, to fulfill my dreams (just as Rafael Nadal did yesterday in Paris) by following a match-, a masterplan on which I trust!
Meaning with that said: some will try to pump ETH even further to kick BTC right in the ass, maybe because they're more scared of Bitcoin than they're scared of Ethereum, caused by BTC's stabilty and immutabilty and because Bitcoin is not attached to big companies!
So watch volatilty rising but without being scared, because it will always be part of this game !
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I followed you for more articles and thought pieces like this! Thank you for sharing!!
I'm really pleased by you saying that! I always try to read inbetween the lines to figure out on what markets are influenced, and though I have no one in my close surrounding to share with, I write my thoughts (as well calculated as I can) down here on steemit, to get some feedback or better said: to get some new impact! Thnx!
Where I am most people think I'm crazy for paying attention to Ethereum and the new markets. America is about to be caught with its thumb up its proverbial A$$. We're going to be too focused on the circus in our own politics to see the world changing without us.
Not paying attention to this technology would be the same as, although the 1st automobile was just invented man still travel on the back of a horse! People are afraid to leave their common path; they're too scared to fail, because its more important to them what their neighbours might think than to listen to their own feelings telling them day by day to change!
Amen!