Bitcoin Forum

Alternate cryptocurrencies => Speculation (Altcoins) => Topic started by: PopuliCapital on June 21, 2017, 09:04:33 PM



Title: Time to get out of ETH for a moment?
Post by: PopuliCapital on June 21, 2017, 09:04:33 PM
Firstly it has to be said that it is a given that Ethereum is going to have the number 1 market cap. A quick look at the market dominance chart on coinmarketcap.com indicates so and realistically, it can't not happen. Bitcoin is amazing, but Ethereum is on a whole different level.

ETH is on a whole different level which explains it's astronomical returns, but enough is enough. There is a major correction coming as this is not sustainable and never has been. It is in a bubble and there is a major correction coming. Just look at this - http://populicapital.com/website-launch-and-ethereum-correction/ (http://populicapital.com/website-launch-and-ethereum-correction/). I layered the well known bubble chart from Jean-Paul Rodrigue of Hofstra and ETH/USD today and the signs are clear. This chart layered itself similarly during last months pump so there might be another bull run coming soon but surely it's the last one if we have not already experienced it.

For the HODLers and any long-term holders, you are safe. Ethereum will have an even higher price in another year or two. There are two many speculators and people who don't really understand what they are investing in.



Title: Re: Time to get out of ETH for a moment?
Post by: PopuliCapital on June 21, 2017, 09:16:14 PM
https://i1.wp.com/populicapital.com/wp-content/uploads/2017/06/Screen-Shot-2017-06-21-at-20.59.57.png?w=1032


Title: Re: Time to get out of ETH for a moment?
Post by: HAARP on June 21, 2017, 09:45:31 PM
We can't know the price is moving very frequently. It may be +10% or -10% in minutes. What we can do is day trade to minimize the risk. If I were you, I wouldn't open long term positions.


Title: Re: Time to get out of ETH for a moment?
Post by: BigBoy89 on June 22, 2017, 03:05:49 AM
Why are you considering to do ETH  exit at this point.

IMO this is very wrong timing. With the upcoming BTC fork. There are even a fairlay market "Will the Flippening happen before August 1?". e.g. will ETH be more valued than BTC and the current odds are 2.7!

https://fairlay.com/market/will-the-flippening-happen-before-august-1/


Title: Re: Time to get out of ETH for a moment?
Post by: Sephire on June 22, 2017, 03:36:22 AM
With all the network congestion woes and negative news, ETH can retest its lows of $250
of a week ago or make a lower low.  Will be a good buying opportunity if it happens.


Title: Re: Time to get out of ETH for a moment?
Post by: CryptoMensch on June 22, 2017, 04:41:06 AM
I got out till this gets fixed


Title: Re: Time to get out of ETH for a moment?
Post by: Herbert2020 on June 22, 2017, 06:13:52 AM
We can't know the price is moving very frequently. It may be +10% or -10% in minutes. What we can do is day trade to minimize the risk. If I were you, I wouldn't open long term positions.

it was not -10% then +10% or vice versa at all.
and day trading is certainly not safe in a market where price is falling. it is highly risky, riskier than it normally can be.
the only case where it can be a good idea to invest in such a market is if you see a very huge dip and are nearly sure that price will bounce back so you buy in that dip. but also the profit in cases like this are too small to be worth it. meanwhile in other altcoins price are rising with a much smaller risk and a much bigger profit!

so why you would choose a high risk low reward over a low risk high reward is beyond my understanding!