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At the moment I have no idea what ETH price could be in even a couple of weeks' time.
I would hope it can recover somewhat, and the rest of the market with it... but really we are all waiting to see how this latest dip goes.
Long-term I think the prospects are still very good. Short-term I have no idea.
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a while back i created the ETH, road down to $50?, i had to close it due to being spammed to oblivion. but many in that topic disagreed with price even going down to $200! now we are closer to $100 and the dump continues. when do you think $50 is going to happen?We can no longer pretend that it's impossible for this to happen... but I do think it's unlikely. We will see I suppose. ETH has been falling hard, but so has the rest of the market. I suspect that BTC will hit a solid support level before ETH drops to $50, and that BTC support will stop the decline of ETH too. It is in a bear market that the relative strength of BTC becomes most important. |
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No-one really has any idea of what will happen in the short-term - it could go up, down or remain at the current level.
Longer term though crypto has as much potential as ever, and there is growing noise about institutional investment. I would say long-term the outlook is very good.
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I've seen the following tweet for CZ (boss of Binance), and it speaks to me:
I wish I could tell you my lame story from 2015, when the $btc price "crashed" to below $200, and I just sold my house and bought in at $600 a few months earlier... Well, I am still here.
Just hold on guys!
It is good advice from one who has seen it all before. Basically it comes down to: do you believe in the long-term future of crypto? If you do, then we are still in the early days before big institutional investment, and the current bear market is just another bump on the road. We are still years from market maturity and prices should rise considerably over that sort of time-frame. |
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The prices went even lower than the last years' dip right before the bull market. However, the BCH hard fork with its Hash Wars doesn't seem to bring any clarity or stability to the market.
So the question is following: would the market still go down or not much more and it would make sense to start shopping?
A few days ago I would have said yes, it looks like the bottom and now is the time to buy. However support levels have been nroken and we have dropped significantly since then. It is now a very difficult question to answer, and we will have to see how the markets play out over the next few days - will we drop further, return back to the previous support level, or start to establish new support around the current levels? It's anyone's guess. |
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Will Ethreum voice back like it did last year or else we are having false expectations about recovery of ethreum when we know the fact that crypto currency has become so unpredictable nowadays ? Kindly share your responses as downfall of ETH has become talk of the town.
Yes, I think that ETH will bounce back along with the rest of crypto. ETH is one of the strongest projects we have. At the moment - and all this year - prices have been heavily affected by the bear market. We looked to have hit a solid support level, but that has now broken... so who knows where we will end up short-term. Looking long-term though, I'm sure ETH will be a huge success and its price at least an order of magnitude higher than now. |
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Future price is obviously difficult to determine. I do remember up until the end of last year, plenty of people doubted that it would ever hit $1. After that mega-rise (even though it fell back), a price of $10 per XRP now seems reasonable long-term. But each order of magnitude rise gets progressively harder (obviously). Going from $1billion cap to $10 billion is easier than $10 billion to $100 billion. Then a $1 trillion cap would make XRP as valuable as any company on the planet, and $10 trillion is difficult to envisage - not necessarily impossible eventually, but it looks way out of reach at the moment.
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If you have free Bounty tokens, would you sell at a loss? It can have advantages or disadvantages to sell at a loss: to avoid more loss but also to realises losses.
Personally I would wait for a better overall crypto market and sell later, because it's a bear market right now. If price rises again you can make a better profit and get more money back per coin if you wait and sell later. Market recovery will be positive to many good projects.
What's your strategy to make most profits now?
If it's a good coin, then it should have good long-term potential in which case it makes sense to hold it long-term. I have quite a few from previous bounties that I am still holding. I do understand those who sell quickly, and really that isn't selling at a loss as you are getting the coins for free, just for a bit of work - so below ICO price isn't really a loss for a bounty. |
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It could be a good time to buy, and last week I was thinking it was definitely a good time.
However since then we dropped through the support level, and we don't know where the new bottom is. There is still a chance that the markets will fall further following bitcoin down to the next support line.
If you're thinking of buying an alt, I would say watch bitcoin movements to see how it moves in the next couple of days. I f it starts dropping again then alts will fall too.
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It's not just ETH though, it's the whole market. It is looking like the bull run that we expected will not materialise. Support levels finally broke and we are falling again. We need a quick recovery back to the prices of last week if we are to regain any stability in the market.
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Eth went as low as $177 today from $223 just almost a week ago and almost every coin in the market are bleeding. Does this hard dump signals the hard bounce or possibly the bull approaching? Or did i miss some news. I am just so curious.
No real news sufficient to cause such a market swing. What has happened is that the support level that we've been riding on for a few weeks now has finally broken, and prices have fallen through. The question now is where we stabilise. If we don't quickly return to those previous support levels, then there is a good chance we'll go lower. |
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It's not looking great. We held the price support line for a long time, many weeks of relative stability. Many of us expected this to build into a new bull run, but what has happened instead is the support has broken and we've seen a drop. Unless we recover back to the support line very quickly, we could see further drops in search of a new stable point.
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No it's not the end, but now is the most important point in the last couple of months.
We had a lengthy period of relatve stability which looked to be setitng us up for a new bull run.
What has happened instead is that the support level has broken and prices have dropped through it.
I think if we see a quick recovery back up to the support line, then that will restore confidence and we could be looking towards a new bull again.
If that desn't happen, if prices drop further or stabilise at this new point, or even if we have a weak partial recovery - then I think the dreams of a new bull are over for this year and we will be looking at more drops until we hit a lower support line.
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The market seems to be in state of limbo right now, with a plunge in the stocks market, the crypto market isn't spared either. All hopes of a bull run in 2018 seem to be fading away and if there'll be a surge ever this year, it may just not surpass $8k and that being the highest till year end. What's your take?
I was expecting a bull run, but this was based on the strong support level of the last few weeks holding - and this broke yesterday with the big price drops across all coins. I think the next couple of days are crucial. We need a quick recovery back up to the stable line in order to restore confidence. If this doesn't happen, I think we'll unfortunately see further drops. |
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Will Ripple be able to repeat the history again this year ? Last year we predicted the value of $5 for one Ripple but we got almost more than $3 ? Kindly share your feedback about the Ripple.
A few days ago I would have expected $1 this year, but now I'm not so sure. This latest mini-dip has taken me a bit by surprise. We will see what happens over the coming days. Really it would need a quick recovery back up to the stability line of the last few weeks to calm the market. |
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We've had price stability for a while now, and prices are so much lower than previous ATHs for every coin.
Now is looking like a great time to buy more coins if you can, as we are all expecting prices to rise fairly soon.
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Regardless of the merits or potential of BCH itself, the hard fork will cause prices to rise. Arguably this has already happened, because the time to get in is at the early rumour stage. Prices are low at that point because nothing has been confirmed or widely accepted, and the low price reflects the high level of risk. Once a hard fork has become confirmed news, it is often too late to buy in as the price rise has already occurred.
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I don't think it's really fluctuating at all at the moment. Obviously it dropped a lot earlier this year, and a series of mini-recoveries each were followed by another dip, which brings us to where we are now - we're at the same bottom that has been reached several times already this year, except now momentum has run out and we have had a quite long period of relative stability.
It does look like we are starting to gather strength for the new bull-run, but for now at least the volatility has diminished considerably.
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