Bitcoin vs Cousin Ethereum; Who is Going To win The Battle

Bitcoin vs Cousin Ethereum; Who is Going To win The Battle

Step aside, bitcoin. There’s another digital token in town that’s winning over the hearts and wallets of cryptocurrency enthusiasts across the globe.

The value of ether, the digital currency linked to the ethereum blockchain, could surpass that of bitcoin by the end of 2018, according to Olaf Carlson-Wee, chief executive officer of cryptocurrency hedge fund Polychain Capital.

“What we’ve seen in ethereum is a much richer, organic developer ecosystem develop very, very quickly, which is what has driven ethereum’s price growth, which has actually been much more aggressive than bitcoin,” said Carlson-Wee, in an interview on Bloomberg Television Tuesday. The San Francisco Bay Area-based fund has received investments from venture-capital firms including Andreessen Horowitz and Union Square Ventures. Full Story

Over the past few months, we have received inquiry after inquiry about our thoughts on alternative currencies like bitcoin. Overall, we don’t like to enter markets that are not extremely liquid.  If these currencies traded on one of the major exchanges, we would open positions in them when they triggered “buy signals”.  The other factor is that we cannot chart these currencies very well with our custom indicators as they do not trade on the major exchanges and we don’t like flying blindly. Having said, that this currency could make for a good speculative play; use strong pullbacks to establish a position. If it moves as well as it is expected to move, a small investment ranging from 500-1000 dollars could turn into a fortune. Only get into this investment if you are willing to speculate and take on extra levels of risk.

These digital currencies prove the point we have made several times; the gold standard is dead and has no hope of making a comeback soon.

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