I WANT TO GET SOME THINGS STRAIGHT ABOUT ETC (Ethereum Classic)

in #crypto5 years ago

ETC class.png

ETC is not competing against Ethereum, its competing against Bitcoin, and more as a store of value.

Ethereum has had hundreds of ICO's launch this year, but Ethereum Classic has not. They are taking a very different approach.

Decisions have to be run past multiple groups of people, which gives it a much more stable future.

Grayscale Investments have put in more than $50 million, which means institutional investors are now able to invest in Ethereum Classic.

Grayscale have their reputation at stake, they wouldn’t invest that amount of money unless they thought Ethereum Classic had a huge future. Look at ETC as a store of value, it has a capped supply also, unlike Ethereum.

Sorry for the small post, but I had to get that off my chest as I am constantly seeing new investors getting sent down the garden path in regards to what Ethereum Classic is trying to achieve.

While we are here talking about it lets look at the prices:

Ethereum Classic's highest price was $45.51 this was achieved on Sunday, January 14th 2018.

The current Ethereum Classic price $9.69 is a 78.71% decrease from it's all time high price 10 months ago.

So, if you're into it, now maybe a good time to top up.

For me, I have some and don't intend on buying any more. As a swing trader I make money from the volatility, and this is not a coin for that.

Thanks for reading guys

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