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The space is getting attractive but I look to 6-9 months from now when some profits are back in traders pocket, they will dare to invest thousands of dollars again, bounty participants will also put few coin in new projects, some account in the forum will also be responding to hypes. The profit at the moment is still minimal and risk is more for bitcoin than altcoins. The dimension is changing to have sustainable space but we cant rule out the parabolic.
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There was hint on the unlocking of the deposit and withdrawal of the coin, also there was this information on the swap to improved smart contract but no detail as well on the new one. I wish more tokenomics are applied prior to unlocking of exchange followed by more exchange listing for traction and liquidity. It is still an attractive energy venture which should not be affected so much with the pandemic except for the transportation of products.
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Another thing that helps traders' patience is how they take profit and plan with it. For some countries that followup paying tax on cryptocurrency, their citizens must know and learn the procedure of paying tax before bullrun. such plan will prevent paying tax with acquired material after bull or over spending, planing in 4-5 years after bull run will help the patience to hold on irrespective of the market condition and perhaps buy good amount into the bear market.
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ETH price trend is currently experiencing a significant increase, but it is worth remembering. the market could experience a decline at any time and all coins could experience a decline in price. we can be more confident about ETH even though in the future the market may experience a decline but ETH will still be strong and survive even though the price has also decreased significantly.
i think i can agree with this . i also think that eth is more stronger than on btc even if we know that btc is more favored by the people but i also observed on the past that btc price can only come and go , it may not be this time because btc lately showing a sign of stability but im afraid that the history can repeat itself . while eth has no special occasions whatsoever . then and now , eth movements are still the same . it builds slowy but surely and when it builds it holds strongly when theres a storm I saw some dailies on cryptocurrency in that line but I think this are just distracting news/report. The fund will still flow into bitcoin but am also looking at the increase in the whole marketcap to over $350b and ethereum marketcap dominance to 12%. Pull back is expected at some point but I see another pump toward the launch in next 3 months and toward the year end. I dont compare bitcoin and ethereum any more after the bear market, they work together. |
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Chainlink shows to be the closest competitor of smart contract user activity (according flipside crypto FCAS tracker) and has shown with the highest percentage of price increase in the last 30 days though it is still far lower with market-cap compare to ethereum. Some projects older than 3 years in the top marketcap seem to have more chances of growth with the size of fund in their banks and size of community that are supporting the project. However, the project might need more development as market sentiment improves.
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Am not ripple coin fan and the trend last was disappointing with some trade told be dump from the team but we have seen surprising adoption by some financial institute especially in USA this year. Making scarcity of coin looks to be a top strategy in pumping the price since the year begins by project teams, I want to believe whales with sizeable portion of coin with improved used cases and adoption could create an interesting price drive in coming months.
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Sometimes an investor need to understand the fundamental of his investments just for the sake of confidence. The confidence could help to determine if to sell or hold. When we have a ridiculous price pump in short term, experience tells to sell a good chunk and hold in more stable coin or top coin (bitcoin and ethereum). Most ridiculous pumps are rare in most projects, to prevent the risk of greater loss in dump keep some profits.
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I've seen reasonable predictions of $60k-500k and to be honest, my own since about a year ago was at $300k...
Now I think we could definitely flash up to $120k at least, especially given how much the dollar has weakened in the past 6 months (against the euro) even with speculation debt in Europe will just be absorbed by the Northern eurozone countries to help the South - which has been rejected but may not be for long if it looks more attractive...
With any prediction whatsoever, I like to know when we could start taking profit irrespective of the height of price we think the it could reach? |
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I expect more bullish trend before and after Aug 4 when the testnet is meant to begun. Have been waiting for this bullish move especially for ethereum because it is important to the whole space. After this bull then the side way movement which could bring back more altcoins upward move especially the exchange coins. Since I didnt see more response from BNB i feel there could be another move soon after this ether run, so also with more DEFI
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I dont think Mc should be taken serious at any time for his words, sometimes i feel he is getting paid for such role in the space. who can really eat his dick on TV? He still holding bitcoin and a old time maximalist, he as well seen the wall of prison several times and doesnt care. We can not see 500k in next 10 years in my own view but every investor will take a good profit in its 4-5 years of investment.
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The two factors that is disturbing in the bitcoin bullish move is the declining value of Dollar and the expected 2nd phase of the pandemic. The palliative maybe finding its way to cryptocurrency but it not solving the bad economic situation of the country. America is very important to the world economy because of the size and that the only consolation to the value of dollar. It might take time but it will stabilize at a point and I also hope vaccine will be available before the of the year
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HITBTC, stole my money, so Hitbtc, blacklist. They ask to go through KYC, but they do not give the withdrawal of money!
SOrry to be a bit pedantic, but do you mean "stole" as in, they had an issue with your KYC and you didn't bother answering? I've seen it happen too many times, it's just a matter of reading their emails thoroughly. That's how I was able to finally get my KYC done, I realized the last few emails they had sent me all asked for a PHOTO of my passport, I was sending a scanned document, so I did, and once I sent the PHOTO as they had requested and it wasn't more than 2 hours that I Was able to use my account normally again. Maybe try contacting them once more and see if you can get your issue fixed! Hitbtc mostly look like a trap for trading. I am still trap with some token there and the transaction fee is ridiculously high. Even at this moment the transaction fee for both Ethereum and bitcoin is more tha $10, same coin value since 2018 December when the price was at the bottom, I wonder they dont do any review on the exchange and market price at all. It will remain difficult for any exchange to be better than Binance with low transaction fee and I think is a great factor for the volume traded daily. |
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Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few
I think all clients i had from bitcointalk prefer to use bitcoin to buy services / products they needed ...
Not a single client that i had until now used altcoins like ethereum ,litecoin etc or tokens like usdt,usdc ....
Why do you think people don't like to use altcoins to buy things on the internet ?
Do you have any source to defend this conclusion? Your opinion might be base on location, age of customer and commodity you trade. Though bitcoin might take the lead but some other altcoin are still as much engaged in transactions. Most hackers will engage more of the other anonymous coins than bitcoin, for someone who wants to preserve the value of the coin or wants a faster transaction he could also choose other coins. |
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I am only fear if I don't have enough time to understand clearly about this market before it developes so fast and I will be left behind with old knowledges
I feel the safest way not to be left out as you learn is to buy some top coins, maybe 10 of the coin with a small amount. The risk in the top coins is low and the value can be kept. You might likely stay away from anonymous coins and bitcoin fork coin at the moment. They are not bad coin but they are not that predictable in the present market,though they will make profit but market with use cases could be changing with price. |
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I dont know every bounty manager but he looks new to bounty management, I dont have his history and I think this is important before joining any campaign before one works and never get any payment except he is a member of the project team. He is also in the wrong thread as bounty campaign with altcoins
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I saw a very interesting data that describe the mode of decline in fear of the pandemic over the months. Although this has not reduced the infection but had reduced the reaction of fear to it. Other political situations around the world especially in USA defer all the rules for the disease prevention and yet we dont see people fall on the street and die. Palliative went a long way and some of the fund find its way into cryptocurrency. The economy is not stable but there are hope it will get better soon.
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Correct me if I am wrong but ETH 2.0 closing in should not have an impact now because we all know that 2021 is the launch date, delayed from 2020,,, so actually there should be decreased confidence. This is all, for better or for worse, just about the DeFi boom, is it not?
i think Vitalik also understand this notion and working so hard to deliver this year. If you understand this space as investors, a year ahead in this space with a lot of development is the right time to prepare your project for good move for the bull market, more the top coin are very important in this run. I dont know if it will come next year and most people dont know but a bullish sentiment should give a signal on when to enter the market, bitcoin's corroboration is a perfect signal as well. |
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I need the bullish Ethereum for the altseason. It is capable of pulling the whole market unlike bitcoin, also ethereum has always had this high volume of trade and has more engaging use case as altcoins. Though at the moment everyone seem to be a short trader selling coin for the rising coin at every pump, the strategy looks to just been adopted since last year bitcoin pump with rising number of coin in the market and I dont consider this smart for bag hodlers into the bull market.
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Not a question of "could we?" but a question of "when?"
This is certainly happening within the third quarter of this current year. We are now past $10,000. This rise might be going on for quite a while approaching $11,000 or even $12,000. If not, then a quick correction is happening before another rise that might finally hit $12,000.
August will be pivotal to the rise. Altseason could have started, which could lead to decline in dominance of bitcoin even with its minimal price in coming weeks. I never understand how ethereum was meant to lead this market this time and this is the reason I wont encourage trust in some bitcoin maximalists but the realists in the space that are more about making money not engaging in contention. |
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