Just remember; it's naught uh tombuh.

EDIT: btw this is my friend posting this thread. He's staying over and is too lazy to make an account.

Bitcoin has a strong market presence and Ethereum miners are currently adversely affecting their own market potential with business practices that throw caution to the wind. Bitcoin is rapidly approaching stability as mining becomes next to impossible, and Bitcoin mining is driving the computer industry forward and pushing for bigger, better processors and specialty mining units. Ethereum miners are currently in a buying frenzy for Radeon cards that has left much of the gaming industry very upset, especially since so many new AMD builds are being done right now and nobody can get a GPU that isn't Nvidia.

Ultimately conflict between the two groups does not support Ethereum's bottom line in the long run, as gamers have massive influence on the GPU market, and the lack of availability of Radeon cards will likely cause gamers to become more dependent on Nvidia anywhere from the next year to the next five years.

After the buying frenzy ends, due to overmining of Ethereum and the need for machines developed with mining in mind increases, Radeon will see an almost sudden halt  in market presence.

How does this affect Ethereum?
Communal mining will still be largely done on GPU, much like bitcoin mining communities still are.
Radeon will still be the best option for them, but dying market presence with gamers due to increased dependency on Nvidia while Radeon was unavailable means that development and ultimately product quality will drop in coming years.

This will make it infamously difficult to get into mining, and create an exclusivity to the currency that will drop market diversity, and therefore speculation substantially.

This will create market stability.

I predict bitcoin will become stable before Ethereum, but Ethereum being stable, and not impossible to mine, even if just a little later down the line, will mean that miners will own a huge portion of the market. If you know even the littlest bit about economics, then you understand that when there's more supply than demand prices fall.

I consider these two types of stability "Natural" and "Artificial".

Natural stability comes from a currency having hit it's production cap, even if just for the time being, and trade becoming the sole form of variation on the market. Natural stability presents an opportunity for, but not a guarantee of, growth.

Artificial stability comes from a currency having become traded between a less diverse group of people, who generally already hold large sums and are on the same page about value. This type of stability guarantees a decline in value.

"Stability" simply means that growth fluctuation will slow to a rate seen in foreign capital trade between first world countries.

A good example of natural vs artificial is the difference between country valued by a country's GDP and currency on the gold standard. GDP is hard to change and changes slowly, creating stability. There is a finite quantity of gold, creating stability. Both still have value fluctuation based on speculation. However, people are always finding new gold.

This isn't the best example, because in the last century we have discovered a myriad of uses for gold outside of bling, and the real world value has actually more than doubled in the last century. In fact its one of the most useful materials on the planet. But we're not going to fins out that Ethereum can be melted down and used in spacecraft.



TL;DR Ethereum miners have bitten the hand that feeds and now it's only a matter of time before the trade market shrinks.

tfw dogecoin is 10x more valuable than when I lost all of mine in the great shutdown parade of the Grorious PR of C.
I was selling it all because dogecoin was at its 2014 peak and I had some on a market when the Chinese government pulled the plug on dozens of website.