Yeah i think it has bounced back from the support with good volume and momentum and im very positive about longterm reversal and recovery of eth from now on, my first target is $500 for eth.
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With the bounce back that we have seen in Eth from its support im feeling positive about the market, i think if eth breaks the resistance of 500 in few weeks and then 800 we can expect more bulls and expectedly new high prices by the end of the year.
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Just recently we have seen eth at strong support level and i think that was perfect time to invest in eth even now when it has bounced from support i think it is confirming signs of reversal so definitely im long on eth and im sure it will yield good peofit if you can hold for a while from here.
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I will not suggest to sell at the moment because it is not wise to sell in such market condition and dip, the only option to sell is if you are in urgent need of money, otherwise it is better to hold for now and even buy more for bigger profit in next months.
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Yes i think market will reeward the patient holders with good profits in the end while those who are panic selling now will be buying back expensive causing them double loss and regret.
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The market is bad for investors at the moment but there is another perspective, price decline is going towards longterm support areas that means we can finally expect reversal from those areas and then back to bull run, i have put my buy order at 0.027 btc for eth and i think if i catch it i will quickly be in profit.
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I think btc is undervalued at the moment especially when we consider the increasing mining difficulty the current value of btc is not profitable for regions with comparatively high electricity costs, i think 10k is realistic btc value and i expect next big bull season to take the price to atleast 30k level.
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I remember last time eth was down to around these levels same kind of fud was all around the internet but the wise people bought the dip and then we saw eth to all the time high value of $1400, i think we need to learn from that atleast now.
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I like this one but i think there are already some big ones around that are very active and update us almost 24/7 just like cointelegraph and cryptocoinnews etc.
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I think only long term bulls can change the market emotions that are surrounded by fear and panic at the moment, personally im still very positive and hopeful and as a long term investor i know i will be thw ultimate winner in couple of years.
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I will definitely disagree with the article i think articles predicting values are never serious for me, as far as eth is concerned i think it will bounce back from long term support area of 0.026-0.028 btc area, i do agree that it will go further beliw from here but i also expect reversal once it bottoms out.
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I think fomo and pump will start coming in the market after 15th of this month, as cboe etf approval decision that is pending till 30th will be announced and this etf is regarded the most sophisticated and professional etf application that has bright chances of getting approval, even if it gets delayed now next time it will be approved that will bring bulls back.
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I have read that regulations and laws are being worked out for icos and crypto in most of the countries especially Australia and Europe is actively working on the regulatory framework, after they implement their regulatory framework for crypto i think many more countries will follow.
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I do not think we can single out eth and blame that only eth is crashing, just look at all the coinw, i mean there are many more coins that are dumping more in value than eth, also just check btc which is in freefall from few days, so it is overall market situation, we can just hope for fast reversal from here and nothing else.
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Bitcointalk name: bigcash2011 Rank: Senior Member Current post count: 1493
Excited to be part of signature campaign for this project, Cheers.
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Binance seems to be unstoppable, it is the best crypro startup in recent times, i think it will really boom in the next bull run, its coin bnb is also expected to shoot up once market sentiment changes to positive.
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Im not sure if they are coming up with their own token but i read somewhere about a fb official who was interested to implement blockchain into fb platform, so we may see blockchain version of fb soon.
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I do not think the cmc will charge fee for its service becausethey are already making good money from ads and huge userbase, if they implementpaid service they will loose most of their userbase and all those users will be directed to some alternative free service, so i think cmc will not like to loose its daily visitors and users.
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Crypto investing is highly risky but also extremely rewarding at the same time as well, just buy when you see prices down on long term charts and then wait, you can also day trade if you are good at technical analysis, it is the high volatility that makes it risky and profitable at the same time.
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Although there have been some scam and fake icos around recently but there are still some legot icos with working projects or atleast mvp available, i think icos are still lucrative if you find a project with real uses, experienced team and clear and to the point whitepaper.
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