Further losses can't be ruled out, but we are some way away from that sort of price at the moment. Personally I think that there will be some huge support above that sort of price. I'm just guessing like everyone else, but prices will not drop to $0, there will always be people willing to buy at a very low price. We have to stop somewhere above $0, and I think for ETH the stop will be well above $40.
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I see a very good increase in the last 2 weeks, but the slight increase was immediately ended by falling back. some say this is just a lure to attract buyers and then the market falls again.
What is your opinion?
We've had a few bounces upwards, but they are small relative to the overall trend. The market has been moving downwards for a year now, but it will always be a zigzag rather than a smooth descent. I would say we'd need around 100% rises on current prices before we could start to consider the end of the bear. Anything less is just a temporary bounce.
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The downward tend shows no signs of abating yet. But I do still believe that prices will rise again. Crypto offers such a valuable and transformative future that surely it will be adopted in the mainstream. The price drops over the last year are I think just the product of a thin, unregulated and highly speculative market.
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Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months My Question about it Do you use Tether to?
I do use it, primarily when the markets are dropping, but I would only ever use it short-term. It is easy to make the mistake of thinking that Tether is the same as US$. It isn't, and it has obviously had some trouble in maintaining the dollar peg - please do not consider it a safe haven; it is still crypto! There are always questions about how much actual $ they have in reserve to support the price, and it is still not really resolved.
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I think we can all see that the end of 2017 was a huge bubble. The question is what is a sensible value, and this is very difficult to answer as so much of crypto is based on speculation of future use-cases. I would argue that given that price rises tend to overshoot true value, so price drops also overshoot the other way - I think the market is probably getting to the point where it is oversold.
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There are several completely different use cases for crypto. I would say that some of the strongest are smart contracts, faster payments and store of value. With that in mind I'd pick the strongest in each category to hold, so ETH, BTC, XRP... which happen also to be the top 3 in marketcap.
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I'm certain that it will recover. Ripple is a very very strong project, and XRP a very strong coin. It does have its ups and down, perhaps more than some other coins, and it can have very sudden upswings in price... but I think it has a great long-term future.
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Many country has put ban on crypto currency , allot of financial gurus speaking negative thing about crypto currency !! But right now everything expert is embarrassing Blockchain Technology. every expert believes blockchain is the future so Today i want to ask if Financial institutions can run on blockchain without crypto Currency ?
Yes, definitely, as they're not the same things. But we need to understand that these 'bans' are likely just temporary as governments rush to get legislation in place. Use of blockchain without crypto is certainly possible, but following this path does mean that the user is not exploiting the potential of blockchain to the full. I think it's only a matter of time before crypto becomes legal almost everywhere.
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Many people have lost a lot in 2018.They hope that the market environment will be better in 2019.But I think that if we want the market to recover, we need to wait for two years.
We may have to wait for a while, as there is currently no sign of the bear ending. Not sure about 2 years though. The event I'm waiting for is for whole crypto marketcap to rise above the $210b support line that held late in 2018. I think once we can establish new support above that point, then we are back to a bull. How long it will take... who knows?
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The short answer is yes, there are more profitable coins, but the downside is that they come with increased risk. It's fairly likely that some coin somewhere in the lower reaches in marketcap will go x100 before bitcoin goes even x2 from its current price. The trick of course is in identifying these hidden gems. It needs knowledge, skill and also vast amounts of luck. It also needs to be something that few other people know about, which is why its unlikely that anyone will share their hidden gems until they've fully loaded up.
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Constantinople is an important milestone on the ETH roadmap. It is several improvements bundled together, but the key driver is that it moves towards a scaling solution. Check out the roadmap, or have a look at the many articles on the web that go into much greater depth.
The important thing for a casual ETH holder is to be aware that a hardfork does not always mean a chain split. This ETH fork should be viewed simply as an upgrade; it is not contentious and everyone should follow the fork... meaning no chain split and no new coin to hold. Don't fall for any of the 'new coin' scams.
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Some bounty hunters will always dump their bounty tokens straight away. This is understandable as prices do often drop when a coin first hits the exchanges. Hoever this is due at least in part to the overall bearish market. I would say the most important thing is to make sure you are following a good solid project that has a long-term future. Then you are probably better holding the coins, as though they may drop in the short-term, there is a chance of a huge long-term gain. People often want to find hidden gems. The best chance of doing this is at the ICO stage.
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I think we are a long way from the next bull run, the market has shown no signs yet of stopping the bearish trend that we've had for the last year. We'd need rises of about 100% from where we are now to push us up past the previous support level and start the next bull. I do think 2019 will see a bull run ,just not quite yet.
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Hello everyone,
Eth has shown that it is the king of altcoins and for everyone that invested when it dropped to 83$ kudos because you made the right move.
$83 was certainly a low point and ETH looked really under-priced there compared to BTC. However we must remember that the bear market is not over, so we may see further drops. I do think for ETH though that we have now seen the low point vs BTC, and it will now rise vs BTC although it may still fall in dollar terms.
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Now is probably a good time to load up on any good coins - be they established ones like BTC and ETH, or promising newcomers. The big question is whether the markets will fall any further, but now is certainly a good time for some dollar cost averaging if you bought in above the current prices.
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It's very early to say there will be no bull market either this year or next. At the moment we are testing a low point, we've reached some limited stability around $120b whole market. I think we need a sustained recovery up to about $220-230b, and then we can say that e are ready for a new bull run. Yes, the current sentiment is still bearish, but there is plenty of time for this to change. Don't give up!
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For me it can be taken as a good sign that we have a slight delay - it's evidence that the team are being responsible and thorough and not rushing anything out before it's 100% ready. We already knew that ETH had a great team, and this is further reason to have faith in them.
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I would echo those who say it is a good idea to hold both ETH and XRP. There's a reason they're the top two altcoins!
They are both great projects, and they offer fundamentally different use-cases, so if you hold both then you are spreading the risk a bit, it's a small amount of diversification
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I'm hoping for some progress towards mainstream adoption. Which coins could lead this? It's probably too early for ETH at the moment, but XRP can certainly start to have an impact on the real world. Bitcoin will remain Bitcoin - the biggest and strongest crypto, but still without a well-defined use-case other than as a store of value.
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It may or may not bring about a price increase in the short-term, but I'm confident that it will in the long-term - it's an important development step on the roadmap. Any short-term impact has likely already been priced in, which is why I'm a bit skeptical that we'll see a big rise straight after the fork takes effect.
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