Ethereum bubble burst
At first i would like to say, i am an unexperienced trader and the market is unpredictable. Be very sceptical. With my limited knowledge, i sold all my ETH and i am gonna buy lower (if it will be possible, if not, i am not buying ETH anymore).
Why do I think the bubble bursted?
This is the price chart from cryptowat.ch (kraken prices):
Doesn't this chart look a bit familiar to you? What about this picture?
Few months ago there were already many concerns wether we are going to a bubble territory or not. But after the price surged to new all time highs most of the people forgot about the bubble warnings including me. Don't get me wrong, i believe in ETH so much, but it's just too overpriced. There is almost nothing we could do with ETH right now, it's not worth 400, not even 200, maybe not even 100. I was extremely bullish on ETH, but right now, it's good to take the profits if you still haven't and buy back later. Another strategy would be to just hold for one year and forget about it. It will eventually come back, but it might be very long time and you can't buy more ETH for cheap price if you don't have any money. This is just my view, don't panic, do your research, be sceptical. Good luck with your investments.
I agree but weve been through this with btc many times. I agree Eth is overpriced but it will recover in the next bout of optimism and probably surpass the previous high!
Yes, you are absolutely right, in longterm ETH will go up much higher (if nothing goes wrong with the development) and it won't since the dev team is absolutely amazing. I just want to get more ETH during this burst, i really hope i am not wrong haha.