Community post
Bottom for Ethereum?
With only 0.074 of a bitcoin or a $170 low have we seen the bottom of Ethereum.
Each one of these ICOs sees the ETH go down lower and lower. Some are even talking about it being in low $100s. How low do you think it will get. Do you agree that these lows were seeing are only related to these ICOs? Weird thing was SBD was one of the only ones doing really well while the Ethereum was hitting the bottom
Replies (7)
It's a buyers market.
i agree.
who want to make money buy ETH and wait just look the price going up...
I agree it should go up, but constant ICOs every day drop it lower and dont let it come up
The ICOs are just as likely to pump the ETH price as people wanting to buy into the ICO will need to buy ETH first. The flip side is that when the ICO is over and they want to convert to fiat to fund the project they sell and suppress the ETH price. Record breaking Bancor was a great example with ETH price pumping and dumping either side of the ICO. But also I think some of the scalability and performance issues arising over the last few weeks is hurting sentiment too. I am new to Steem but am thinking that SBD might actually be a good "safe haven" for general crypto volatility, so it doesn't surprise me it has held up relative to ETH.
Totally agree, Cliff High says that during these ICOs we can make alot of money just trading in ETH in and out and since we have a good timetable of ICOs and how much they will be dumping we can make appropriate choices
Solid blog. I was about to post a similair thread. Though prices might seam inflated for now I don't think they will look like this 2, 3 years from now. I found this great website: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. On: https://www.coincheckup.com/coins/Ethereum#analysis To check Ethereum Detailed report