LogFAQs > #881329815

Sativa_Rose posted...

De Evolution posted...

Sativa_Rose posted...

Manocheese posted...

The price is primarily driven by speculation right now. Wait for it to crash to $50, then buy in.

Do people even really use ETH for transactions? Probably not much outside of some darknet drug markets. It's probably virtually all speculation (and has been for a while)

But the infrastructure behind the Ethereum platform is growing rapidly. ICOs, new dApps, growing interest, more speculators, more developers, and lots of press attention. The main crypto currency exchanges are so inundated with new applicants that they are backlogged trying to approve everyone.

Signs are extremely bullish for Ethereum. Shit we're already at 377 now past the 375 sell wall on GDAX and climbing, Do you guys commenting even know what you're talking about?

I don't know much, which is why I asked a question. I do think that much of the recent price action (since early 2017) in cryptos in general is the result of speculative hype, but I admit that I am not informed on the details of what has been going on with the infrastructure type stuff you just mentioned.

The speculative hype is only one part of the equation. There are a bunch of things going on that are contributing to the price action. Much of it based on very real adoption and support. All these new ICOs, all the new money entering the market, all this recent press attention, are all very real signs that the Ethereum market is about to explode. Also the growing EEA (Enterprise Ethereum Alliance) with major companies doing research and lending support and giving attention to it. With big releases like Metropolis coming up and platforms like Shapeshift being made available, I fail to see how anyone would think that this isn't just the beginning.

If you don't know what's going you shouldn't be speaking on it IMO.
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