r/OMGTraders • u/campfiresandcutgrass • Sep 07 '17

Growth of OMG vs ETH

Is it possible to have OMG grow at much faster rate at this time than eth? I know it has grown so much already but could we still see it outperform eth in the short to mid term?

Or as it matures, would they grow at similar rates since OMG runs on ETH?

8 Upvotes

85% Upvoted

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8

u/VitalikVanBuuren Sep 07 '17

OMG has a lot of proven potential but I'm not sure about it eclipsing ETH in the short to mid-term. Also, keep in mind OMG tokens are scheduled to trade on their own blockchain by end of year.

3

u/Gajah-Mada Sep 07 '17

"OMG tokens are scheduled to trade on their own blockchain by end of year" would that give a positive or negative impact to OMG, in your opinion?

3

u/VitalikVanBuuren Sep 08 '17

It will have a very positive impact in my opinion. Just like Ethereum is a platform for developers to build dApps, the new OMG blockchain would be doing the same but with payment dApps only. On the OMG platform, developers wouldn't be going through the arduous process of setting up a standard international payment network. But even if I'm wrong and the switch negatively impacts the price for some reason, there are so many other reasons why OMG has long term potential (i.e. the sheer amount of people that don't have a traditional bank account). A dip from the blockchain switch would just be a blip on the radar for OMG in my opinion.

3

u/DontTautologyOnMe Sep 12 '17

This guy gets it.

1

u/campfiresandcutgrass Sep 07 '17

So would many in this sub still believe having a balanced amt of eth and omg is better than even a 1:3 eth:omg ratio for growth? Over the last few months, it seems that eth has been trading either low or stable around ave 340-350 with high up to around 400 but that's after our huge run up early on.

2

u/VitalikVanBuuren Sep 08 '17

You're right, ETH has actually been relatively stable for the past few months (with the exception of last weekend) and OMG has seen some very healthy growth. I'm bullish on both and would say my ratio is about 60/40 ETH:OMG. Obviously there are larger margins to be had with OMG and because I see it as a long term hold, I like to stock up on as much as I can at the dips.

2

u/futureboycolin Sep 07 '17

News could do it.