Ethereum classic - What to do now ?

cheapes (36)in #bitcoin • 7 years ago (edited)

Hello fellow steemians,

Yesterday, ethereum classic did take a very beautiful spike green candle and is sitting now at 750 k satoshi at this very right moment.
etc chart.png

Beautiful? Isn't it ?!

So what to expect now ? Is this a good enter point ? It is still time to enter to ETC ?

For the long term

I'm an ETC optimistic, so in the long run, for me, we are still in some good entry point.

Many people believe the ETC value will go up and a lot of speculation is going on :

If ETH is going proof of stake at the end of the year, will miner switch over ETC ?
Upcoming ICO on ETC
Store of value when the fork is coming ? We did see cryptoyoda tweet he will not handle bitcoin during the fork, just ETC and LTC
The ratio between ETC and ETH is very high for a currency and his clone. This is less true since ETH slowly declining but still, the ratio between two very similar currency (yeah they are different, but you get the picture) is high.
So two solutions : ETC climbs or ETH fall. My guess : ETH is going to recover some strenght after the fork and ETC will follow too while trying to catch his delay
We are not at the ATH and even a little far from it ( 836 000 SAT MAY 31 - 876 000 SAT JUNE 20, are we going to retest these value before end of month ? If there was not some shitty fork fear, i will bet yes for sure)

For the short and mid term

I'm not so optimistic because we are in some weird phase. A safe entry for me will be at 65/70 k, if the market don't bleed again before the fork, i don't see any reason for ETC to touch the bottom again. At 75k, it has some risk, because many did take ETC on the dips (55/60 k) and they are going to want to take their profit now until some 0.85/0.90 price. My only fear about the 72k/75k entry is if the market fall hard again, ETC will suffer, maybe a little less than everyone else with the chinese market opening.
rumors are doing their job : ETC is going to be listed July 15 on a big chinese exchange : OK Coin.
What is OKcoin ?! It was the biggest exchange in the world in August 2016.
I don't know if they are still first but it's some very good news for ETC.
another rumor talk about Coinbase maybe adding ETC in some futur, it's just a rumor, but if it's true, it can be very good

Anyway, short, mid or longterm, it's a really good time to keep an eye on Ethereum classic :

it's the 5 coin in term of globalmarketcap
it's decentralized, immutable, all the thing people love about ... bitcoin

More informations about ICO for ETC :

Postalgia : http://postalgia.co/ico.php
Corion : https://www.corion.io/
Dexaran ICO : https://dexaran.github.io/ICO/

So here we are, i can't wait to see which direction it's going to go in this july fearest bitcoin month. What are your thought about it ? Did you buy some ETC long ago ? Just now ? Don't hesitate to share with us your insight !

Like always :