As with most alts, I don't think the ETH price drop has much to do with how good or bad ETH is, it's more a symptom of the general market movement. A lot of good alts look very underpriced against historic levels, vs both $ and BTC. I would expect that once real bullish sentiment is back then alts will overtake BTC as the main drivers of price growth.
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I think we are ready for a big price move. We have been establishing support for a while now. the latest attempt to drop prices has now been fought off and BTC is back over $10k. Support has been re-established, and the downwards tests have failed. I think there is growing evidence now that this sets us up for another bullish move.
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As with most alts, I think the price moves for ADA are more dependent on the general crypto market sentiment than on anything specific to do with this particular coin. As for whether price trends will become more bullish, we are getting towards that point where a strong move needs to be made in one direction or the other. The small upwards movement last weekend was welcome, and I do think the bears are probably the stronger at the moment, but the more the market can recover from these small drops, the stronger the bull case becomes.
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If you want to acquire any significant amount of crypto, then you'll ned to buy with fiat. I think the days are long gone where you can start from nothing and build up your crypto just through mining/airdrops/bounties. Nowadays if you want some crypto, buying with fiat is the way to go.
And I do think buying crypto with fiat is a good idea for the long-term. There are various routes available, just find a good one with a low exchange fee.
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I do believe strongly in altcoins - but only some of them. We must remember that they can't all be put together as if they all have the same potential. There are some very good and promising alts, but there are also some that just won't succeed. The skill (and to some degree luck) is in identifying which is which.
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It's an old thread, but my current prediction would be that the market will return to a general bullish position in 3 months' time, and at 6 months we will be in a period of consolidation at a higher level than now. This is based on there being a few attempts at price drops recently, but the market has generally held quite well. So I think the case for a rise is gaining strength. But the belief probably isn't there for a huge surge, so I'd expect to see prices rise and then level off again.
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The markets still seem to be uncertain, with prices hovering in a narrow range. It looks like a price breakout one way or the other is imminent. I would cautiously say a price move upwards is more likely, because downwards has been tested a couple of times already and it does seem there is some solid support there... so with that in mind, I would say $600 is more likely than $100 for ETH.
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I like most of the coins you've listed, so I would say it's a good spread. One thing to consider though is if you've spent $3k on BTC and only $500 on alts, it might be worth selling some BTC for alts once the alt bull market arrives (assuming it does), and then selling them back for more BTC later on. Appreciate that is a gamble however.
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My thoughts on Libra are that I don't like it because I don't like Facebook and their strategy of mining our data and selling it for profit. However I do acknowledge that Facebook is a hugely impressive company, and they have a history of using both their muscle and their ingenuity to get their own way. So although I don't like Libra, I do think that FBs activities - such as hiring this lobbyist - will go a long way towards bringing crypto into the mainstream, which should be beneficial for both BTC and the (good) alts.
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My thoughts on IEOs and profit is that these are probably best thought of as short-term buys. The popularity of IEOs at the moment looks quite similar (although on a lesser scale) to the ICO madness in 2017. IEO prices can surge - particularly the Binance ones - but I'm not sure this is based on the long-term viability of the projects so much as on simple FOMO. I'm sure some of them are genuinely great projects, but I'm also sure that some are not.
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The key point for me in the above image is "Facebook in control of users' data, and will sell it". This is the basis of their business model. They don't just sell our data, they also use it to build increasingly accurate profiles of us in order to predict and influence our future behaviour as well. They already have vast amounts of our data. This coin gives them financial/purchasing data as well. I don't trust FB at all.
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I didn't like XRP at first, but I have been converted for quite a while now. It does have a solid use-case, and solutions that will use the XRP token as well as Ripple tech. I have confidence that the price of XRP will be several dollars in the longer-term.
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$4k seems extremely unlikely in the near future. That would take ETH to more than double BTCs current market cap. I am bullish on ETH long-term, but short-term I think it is likely to just follow the rest of the market. Maybe the move to PoS will cause a price increase, but I don't think it would be an order-of-magnitude increase.
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I still believe in ETH and its long-term future. We must remember that ETH is not simply an ICO-platform. Smart contracts mean far far more than that single early use-case. ETH is being used largely for ICOs at the moment because crypto has yet to break into the mainstream. This mental link of ETH= ICO platform can cause people to be very downbeat about ETHs future. But the fact is smart contracts mean so much more than this. They can (and I think will) impact every sector of business. Don't focus on the short-term, look longer. And 2.0 should help, too.
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ETH does still have as much potential as it ever had. Smart contracts will become a big part of everyday life, I'm sure, as more and more tasks that are currently performed manually are automated. The big ETH price rise we had in 2017 was due in large part to the ICO fever that year. Prices now may be considerably lower, but the project and its use-case is as strong as ever. And arguably as we move to ETH 2.0, stronger than ever.
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is there anyone who can give me good advice for buying and trading that is good and safe
No-one can give you 100% good advice because there is always risk attached, particularly in crypto. For exchanges, generally bigger means better and safer. But there is no absolute guarantee of safety on any exchange really.
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XRP is a strong coin with a real use case. Yes it's not really the same as other cryptos, and there are questions about centralisation, but still it's a very solid coin with a solid team behind it. I think it is a good choice for the long-term.
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Cardano is currently around $0.05, with a marketcap of around $1b. So to hit $10, that would be x200 increase, which would mean a market cap of around $200b... which is similar to bitcoin's current market cap.
5 years is a long time, especially in crypto. I would say that if Cardano fulfills its potential, then yes there is a reasonable chance it could have something like BTC's current cap in 5 years' time.
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Yes, ETH is still a great coin. I think $100 is unlikely, but still probably more likely than $600 this year. The markets have dropped a bit recently, but have been recovering well. I think this is a good sign and it suggests that we have some quite solid support there... which should in theory set us up for some price rises. However $600 is a big leap for ETH, and given that all of crypto is moving together, it might take a new ATH for BTC in ordeer for ETH to hit $600, which doesn't seem likely this year.
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I think we're in a period of uncertainty right now. There has been a mini price drop, but the good news is that this was recovered quite quickly. I expect some more tests, both upwards and downwards. It is encouraging though if there is a downward movement that is quickly recovered - that suggest we have solid support here and can push upwards to higher prices.
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