The growth of last year was abnormal. It was a pump and dump scheme. Are BTC and ETH going to follow Bitcoin God, ZClassic and other coins?
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Yes, it can be a temporary solution. But there is also the uncertainty of receiving the bounty. And also if the ICO project is a scam or not. It can make you lose a lot of time and energy. And you are not certain of the amount of money you are going to receive. And i doubt it is enough to pay for every expenses (it depends of the country you are living). Also the bounties are paid after several months, you need to have some savings before receiving it. You also can beg for aidrop or faucets, but you are going to receive very very few coins worth generaly only a few cents or less. And you will have to buy some ETH to be able to send them. So it is generally not profitable. ETH is also needed for bounties as they are an ERC20 on the ETH blockchain. Also exchanges don't let you trade if you don't have a minimum amount of coins/tokens to sell. So it is generally not sellable for airdrops. And you need to take into account the exchanges fees and the transfers fees. And also how to convert your BTC to fiat currency and there is surely a minimum amount and also bigger fees for this transaction.
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This happen when the holders loss their hope if the price of their holding won't high they're dump their token to save their investment market didn't recover yet and the price of the coin are going down and down hope this will save when bull run happen.
in any case, even if the owner loses Hope, then the coins should be left alone in their purses and wait for the market to recover. Are you in the winning side? It is normal i think that they take a decision after such dump. Would you wait to lose 100%? Everyone decide by themselves. They won't listen to any advice as it concerns themselves. They are preparing maybe for the worst. Nobody know the future. I hope you are all playing money that you are ready to lose. Else it is a suicide. Some are trying to hype BTC to earn more time to leave or they really believe of a big pump. We can't read in the mind of people. Only trust in yourself.
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I don't think BTC is going to reach $12K this year. It was a pump and dump scheme. BTC is only used by speculators.
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It isn't. There is more unexpected bottoms that will come and bitcoin will go lower than $6,000. But of course, it will not last longer and will just last for a moment. But to be honest, I didn't see ethereum this down. Maybe, the recovery stage is not easy for them.
Thoses jumps were not recovery stage, but only corection of the price after a fall. Coins are only falling now. It will only recover if a lot of new money is put into the market. But that doesn't seems to be the case, it is the contrary for the moment. Cryptos problem is that it is only used by speculators. The big pumpers who exited when BTC was near $20000 are surely already out of the game.
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It is still not the bottom i think. ETH is already under $200. I don't know when we are going to see the bottom. If there is no new money and only sellers in the crypto market, cryptos are still going to fall.
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Already under $200. $192 now. Some predictions are becoming reality. That's very sad for ETH and legit crypto companies using the ETH for ICO. The ICO projects and smartcontracts are killing the ETH.
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$100? We don't know where is the floor and the final burst of the bubble. But under $100, it might become a dead coin if there is no miners. If the cost to mine ETH is bigger than the profit, miners are going to leave. It will depend on how the mining difficulty is going to adapt to the current price.
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There is nothing new with Dogecoin, only that it can be transferred to ETH. You should prepare for a dump in case i would say. Or buy if you think it can increase more. I like Dogecoin, but it is just a fun coin. We can see that coins with zero development can also get pumped. Maybe one day they are going to do the same with Bitcoin? An ERC20 Bitcoin token? But is it a good reason for a coin price to increase?
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I think now that this scenario could happen after the fall of ETH to near $200. Because if people who were holding ETH invest their ETH in ICO, thoses ICO companies are going to sell them. And if ETH touch $100, ETH is a dead coin. I don't know how much miners are getting paid, but if the cost to mine ETH is greater than the gain, the blockchain is going to be a dead one like a shitcoin. Lets just hope that the coin price succeed to keep its value.
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We don't know if the final burst of the bubble did happen or not. We can only look at what is going to happen. We only know that it was the biggest pump and dump scheme. And that the pump was unsustainable.
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We are all waiting for the bull market, but it seems still too early for the arrival of the bull market. We have to hodl and wait for a better time.
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The price of the ETH is very tempting. But we don't know if it is the lowest price. And ETH seems to have more difficulty to recover than other altcoins compare to BTC. Other altcoins are getting more valuable but ETH is staying at the same level for the moment.
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ETH is more and more near $200. It might drop more if BTC drop near $6000. We don't know when the drop is going to finish... In only 2 days of drop, it is like a drop of 2-3 weeks.
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Yes, the probability to see ETH at $200 or less is getting very high now. That's really bad for the ETH. Other altcoins did drop too, but ETH is one of the worst. Shitcoins are doing better... Like Bitcoin Diamond.
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I don't think ETH is going to be worth $30. If it drops so much, it will stay forever near $30 i think. As it will mean that other coins did replace it.
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I don't know if the green days are really back. I hope it. This fast drop was maybe a little correction before a rise, who knows? Anything can happen as the crypto market is very volatile.
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NEO was in the top 10 half of this year. But it is becoming more and more difficult for NEO as there is a lot of altcoins which have also a lot of potential. But it still has its chance to be in the top 10. The difficulty is also to stay in the top 10 and maintain a good price.
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You should look at the coin community. If the coin has a big community and also at coinmarketcap. Dogecoin don't have any dev, but it has a big community. Tech is also important for the long term.
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Some private coins are rising and some not like Bitcoin Private, ZClassic or Shield. I think there is some corrections of some coins and some are having a pump. There is going to be a rebranding of Komodo apparently. I think for Komodo, it is a correction of its value. It didn't rise so much.
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