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The fundamental potential of crypto hasn't changed since the start of the year, when prices were much higher. The downwards price movements this year have just highlighted how speculative it all is, and how young crypto is as a market.
I would say don't panic. Crypto remains strong, and prices will recover in time. When we have a long-term bear market, it can be useful to see what bitcoin is doing. If you look at bitcoin price changes this year, you will see building evidence of a solid price floor... which should pave the way for future gains.
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I think what we are experiencing at the moment is resistance to the underlying bearish trend. The market is resisting drops below around $190 billion. The longer we stay around this level without further drops, the better it is in terms of establishing a solid base point from which the next bull run can be launched. There are signs that some confidence is returning, but it is still very early for anything other than speculation.
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I do think that prices will recover in the long-term, but it may take a while. Don't panic sell at the bottom of the market.
It is often valuable to learn from mistakes though - we can analyse what we did wrong and why we did it, and this will help us to prevent making similar mistakes in future.
It is only through mistakes that we learn to improve.
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what you think about new bullrun perriod?
thets good time to buy? and lowest price in 2018?
plz give me some predicts about price
Yes, I think it's a good time to buy ETH. However we are definitely not in a bull run. Even if ETH moved back to $400 I think we'd still be in a bear. Prices have fallen hugely and there is a chance they may fall further. But I still think now is a good time to buy ETH, certainly the best this year. |
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It is good news for ETH, but it's a minor swing given the longer-term trend. +23% on a price of $200 is nothing really, considering that earlier this year ETH was over $1000.
Hopefully it's the start of something, but at the moment it's far too early to tell. One thing that is encouraging is that looking at the whole of crytpo, we have experienced the expected support at around $190 billion. That's twice now we've bounced up from that point, so hopefully it will provide a solid base from which we can build a rise.
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Yes, it is great that the market is moving up at the moment, but we need to have a longer perspective.
ETH has gone up almost 20% so far today, and this is good news - but it must be seen against the bearish trend of the year so far. Against that, today's movement is just a tiny blip. It is way way too early to think of it as the start of a recovery.
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Hello everyone,
Just asking your opinion about the crisis of ethereum,this coin will become useless? Or still price correction?
I doubt to hold ethereum coz I saw the ethereum value still goes down:(
What do you think guys it's time to SELL or HODL?
Let me know your thoughts please:)
Thank you.
ETH won't be useless. It's still one of the strongest crypto projects out there. Technically I suppose we are still in price correction, but to me it feels too low already relative to other coins. So it's not time to sell, it's too late for that as we are likely nearing the bottom. The question is whether to hold or to buy more - if the current ETH dollar price is below the price you bought in at, then this is the perfect opportunity to buy some more and so reduce your average purchase price (dollar cost averaging). Otherwise just hold. Personally I am holding. |
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One thing that helps me when there are big dips is to zoom out on the price charts to see the longer-term picture. Yes, we've been in a bear market since the big dip started in January... but look at this in context of 2017 as well. This long dip is a consequence of prices rising too rapidly towards the end of 2017, but the long-term pattern for crypto is still upwards. You can also see that each dip this year has been smaller than the next (in $ terms). This means I think that we are reaching a point of stability and price consensus, after which we should be ready for the market to rise again.
We are all guessing in the end, I just think that looking at longer-term patterns is a huge help.
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Some coins do have Tether pairs, at least on some exchanges. But the lack of trading pairs to fiat is a huge issue. It's the main reason that the whole market often moves as one, and if all of crypto is dipping then it doesn't really matter if a particular alt has good news or not, it will get sucked down too. It's a symptom of a young market, and it will persist until we get those fiat trading pairs.
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I know its a silly question looking for what is happening with market and like everybody i still think if even this year will be bad the next one should be better and even then crypto is still young (except bitcoin but what is 10 years). Do you guys still belive in alt and bitcoin? And im asking about technology not only a price couse price is ambivalent if we focus on technology
I feel exactly as you've said. I still believe that crypto will change the world, and its potential remains undiminished despite the price drops. And yes it is still young, and that is why the markets are so volatile. Essentially all prices are based on what everyone thinks crypto could be, and not what it offers right now... so I still believe. When you look at the prices you have to question yourself, but then it is always sensible to question your own decisions and motivations. Keep strong, trade if you're good at it, buy more with fiat if you can dollar-cost-average to lower your average entry price, otherwise just hold. |
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BTC at 6000
ETH at 200
LTC at 50
looks like the bottom is close people....
what do you'll think?
I think it's all about bitcoin resilience at the moment. Everything else is tumbling, with ETH leading the way. For me, the recovery starts when bitcoin starts to pump again. Alts will likely follow in its wake. Bitcoin dominance is high at the moment, but I think it is set to go higher. I can't see alts leading the recovery. |
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Maybe it will happen, but ETH seems under-priced now relative to the rest of the crypto market. If it fell to $100 without seeing comparable falls across other coins, then it would be seriously undervalued, which would increase buy pressure.
I don't know how low it can go, but with each fall in price it looks more of a long-term bargain, even if in the short-term it continues to fall.
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We all think it will increase soon, but the price continues to fall.
If your average purchase price is above the current price, then now is a great time to buy more to lower your average entry point.
All of crypto is struggling for price at the moment, but the lower we go then surely the more buy pressure there is. I don't think ETH will drop back to $50, I think prices will stabilise well above that point.
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The main thing I've noticed is how the relationship of trading pairs brings every coin down together, regardless of its individual merits. I've looked at quite a few smaller cap ERC20 coins, and they're all staying at a consistent level vs ETH - so when ETH falls against the US$, these fall the same amount, or thereabouts. And this is true enough for bigger coins as well, whether ETH or BTC is the dominant pair for trading, and for ETH itself being half of a trading pair with BTC.
All of crypto is moving down together, and what we need is for the markets to mature a bit and for each coin to be easily and directly tradeable vs fiat. Only then will they be able to stand on their own strengths, and not be pulled up and down by BTC.
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ETH TO 100$ Soon, Sell now.
There could well be further falls, but $100 would be extremely severe. Personally I don't think it is very likely - but having said that it looks more likely than it did at the beginning of the year. When everything falls I tend to look more at the whole market cap for all coins. It's hovering around $200 billion at the moment, which is below the $250b lows we had twice earlier this year, but not quite as low as the $190b which is the lowest so far this year. It does suggest there is still a bit further at least to fall. |
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As others have said, this is a great buying opportunity. For everyone like me who has faith that ETH will be hugely influential across all of society in future, today's prices are an absolute bargain. Whether it will go lower or not, who can say - but compared with the ATH, a price of a couple of hundred dollars per ETH is very cheap.
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Current prices for ETH and all coins aren't looking so great. I expected the market to fall in the first part of this year, but then a recovery to kick in... but we are still falling. I did say that ETH wouldn't go back to $200, but now it seems like it's only a matter of time. Possibly even today.
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How to know the peak of the cryptocurrency? Can you share me how do you know the peak of the cryptocurrency. Is it hard to know when will the crpto price will peak again if no, what are the ways that you do to know the peak in the market?
No-one knows for sure. We are all guessing. It's just that some people make more accurate guesses than others. Personally I keep thinking that we've hit market bottom, and am surprised when another drop occurs. The drops earlier today really caught me by surprise. |
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