Now is not the time to enter a ethereum position

in #ethereum8 years ago

This is a chart of Ethereum vs Bitcoin chart. Bitcoin has been making new highs for a while, and honestly I wouldn't even enter bitcoin either. A pullback might come soon, and there's no telling how far, maybe a few hundred, maybe more.

And then you are looking at Ethereum at an all time high against bitcoin, and coming up to resistance.

If it breaks the resistance then if you're feeling lucky idk. Predictions can be wrong, especially about the future.

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Given what we saw today it's easy to imagine a world where ETH marketcap > BTC marketcap. I think long term, coins with strong fundamentals will do well. There a number of these but my personal faves are ETH & Steem. Interestingly, I think Steem's (current) fundamentals are stronger than ETH so let's see where this ends up.

I don't think I like Steem fundamentally.

I'm not going to argue against Ethereum, but if you sell now you might get more of it when it gets up to the huge numbers.

I'm curious what you dislike about Steem's fundamentals?

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