Why it is/was time to sell or buy Ethereum!
I chose the picture of BTC rising and falling to show at which price Ethereum could be in one year from now.
Ethereum is a great currency. The hype of Ethereum at the moment was caused due to an explosion of ICOs everywhere. I love the idea of ICOs. It is just a real democratic tool. People are able to invest with small amounts independent of big banks, fees and regulations.
The shady side of this advantages that there are many scams and failing ICOs. Additionally there are anyway far to many coins around. Keep holding your known coins because we will have a comeback of well known coins. But Ethereum had a hype due to new coins. Itt Ethereum was skyrocking. The conlusion is to sell 25% (at least) fast now. Although at the moment it is almost to late. A fall of Ethereum at the moment (depending on your reading time) might give a nice buying chance again.
To my mind Ethereum will rise again very strongly until it is to expensive for ICOs and (democratic) investments. Then Ethereum will be replaced by other small coins with similar properties, better scalability and other benefits. Ethereum will not rise forever because it is a coin to use but it is still undervalued below 1000 or even 2000$.
Ethereum was always difficult to understand for me, but at the moment many people like to invest in good altcoins and new coins. This will turn soon, when many people see that many coins are just useless (forever).
Of course everybody should make his/her own conclusions and decisions. Ethereum will rise higher as it is now but it will fall in between as many altcoins soon. If anybody knows some coins similar to Ethereum please reply them below! I think Golem once had this ambition...
So with Ethereum you cannot make anything wrong at the moment. It is very expensive and as a result possible to sell but after a short fall it will be more expensive then ever before (as long as there is no alternative with broad acceptance)!
@originalworks
Here is my idea to the ETH prices: I guess there is a correlation between ETHBTC and BTCUSD charts. When BTC skyrockets, the money migrates from other coins back to BTC. And BTCUSD is trending down for while.
This is a right observation. It is ineviteable that as BTC falls and ETH rises this correlation comes out. But there is much money transferred at accounts like GDAX that money is moved easily from one to the other. More important is that many exchanges let the people choose which main currency (BTC-ETH) they want to use..like Binance
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no i did not receive it ;)
Because the "FIRST USE" of blockchain (or encrypted ledger technology) was a $$$MONEY$$$ (Bitcoin) it was able to "catch the interest" of the average person in our dog eat dog striving to survive bankster driven sociopathic soul sucking of a black hole culture designed to control the slaves as hey are given their bread and circus.
Na, Bitcoin, Lightcoin, BitcoinCash, Dash, Zcoin, Monero, Ripple,,,, these are all "THE MOST LAME USE CASE OF CRYPTO"....... period. (I'm just saying)
ETH
EOS
WAVES
IOTA
DragonChain
BAR
All of those above are "Development Platforms", some are called "Virtual Machines",,,, they allow one to program a "DECENTRALIZED AUTONOMOUS ORGANIZATION" that can say make having politicians a useless thing (which it obviously already is).
Then there are individual industries, like KODAK and VeChain which tracks products cradle to grave guaranteeing Authenticity and Temp. records for food products to guarantee safety.
And there is other stuff like OneGram which is backed by physical Gold, and COBINHOOD (COB) that offers an Exchange with NO FEES.....
If someone thinks this REVOLUTION is going to be short lived they are not aware of what is going on,, there will be "loosers", a lot of "money coins" might be the bigger loosers as you will see FOOD coins PHOTO coins (KODAK) CAR coins MOTORCYCLE coins, BOAT coins HOME coins HOTEL coins ,,,, there will be individual or groups of coin in EVERY area of the economy and the ones that will take over are the ones that offer the best deal to the consumer (for example COBINHOOD).
Oh ya,,, and don't forget STEEM !!!!! This is the new paradigm baby !!!!
Good luck investing out there. Be smart, don't play with what you can't afford to loose. But this IS the OPPORTUNITY that comes along once in a lifetime.
nicely spoken!
why thankyou @mathsinnature (math without nature) !!!!
Thanks for the hint
Now the fall has already come!
All is well.....
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