I have been into ETHUSD for a very long time and was always interested at the fundamental similarities with BTCUSD. I always thought that Ethereum was repeating Bitcoin's first Cycle and even published this study:
I am not going to go into much detail on this analysis. The candle action resemblance of ETH with BTC's first cycle is striking. I am gonna leave this to you. Do you think ETH is another opportunity for those who missed investing on BTC's early years? Let me know in the comments section!
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To date there is no hard cap on how many Ethereum will be mined. Which means there could be an infinite amount created. Btc is hard capped at 21million. Until Eth has a fixed supply it will not have a chance to follow Btc.
Love your charts btw. I just don’t see Eth following btc until it has a hard cap.
awh2830
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@Rogue7, Agree, their supply is uncapped thus the price can never enjoy the highs that BTC has. Until they place a hard cap, investments in it should be cautiously approached.
sebastiankovacssk
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@Rogue7, Inflation is nearly the same as bitcoin has atm and it will be even lower when PoS is implemented, meaning your argument is invalid.
@Rogue7, That's a good point actually. I am sure you realized that this study was only made for means of comparison between the (obvious) candle similarities. That is why I didn't analyze it any further.
skatesaxmusic
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absolute nonsens according to market cap of each coins....there are 108,876,489 coins of ETH compared to 18,095,500 of BTC....quick math....2000000x108876489 is 2,17x10times14....if that is true...BTC peak prize of 2017 would be 12097721 USD...please...I know you have many subs....you have to be more precise...people are dump and believe in everything....I can see your point of second chance in ETH...but not these prices!!!
JumpStartCrypto
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@skatesaxmusic, The TA looks pretty nice but true, there are several other factors that play into the price. #1 factor is which way is BTC headed? 85% of the time all alt-coins follow BTC with hyper volatility.
Love your charts btw. I just don’t see Eth following btc until it has a hard cap.