part of your comment is what i have been saying for years! but i don't agree with the "obligation" part. basically for years altcoins and now ICOs have been receiving free money, former through premining and other shenanigans, and the later through I.C.O. and then delivering absolutely nothing apart from another useless token to be added to thousands of other useless tokens and eventually end up in the graveyard.
there is no obligation because you get what you see, if people choose to see something apart from the reality that is their own fault. and because they are not companies, they are random people, most of them kids, releasing a token which you know is useless.

in a way it is fraud.
for example imagine an ICO token which is saying it is going to fix the energy problems, an  ICO that is saying it is being used by medical sector for doctors and patients connecting to each other and having their information stored on the blockchain,.... (these are actual ICOs). then in reality all they do is that they create a useless token which will be traded on exchanges for a while and die eventually.
the team who gave all these promises will stop doing anything apart from coding the smart contract creating that token and going away as soon as they got paid.

this is the classic definition of being deceitful and performing a fraud.

i completely agree.
as i said, the dumps are still ongoing. prices need to go down but now they are going down much easier than before because bag holding is not as serious an issue as before. many of these useless tokens are headed to the graveyard because that is where they belong.

not because i think dumps are over, they are still going on. but i say this because now after about 8 months people have finally accepted the fact that the altcoins are getting dumped.

so far, for instance a month ago, if you asked them "is this the bottom" then they would have said yes, and expected the price to rise up soon to the moon,... then they got dumped on while bag holding.
but now that they have accepted the inevitable the dumps can go on more smoothly and we can reach the bottoms so much faster because bag holders are letting go of their bags now.

and we all know that in order to rise back up price needs to hit the bottom first.

that is why you never bag hold altcoins.
the shitcoins like bitcoin gold, bitcoin cash, ethereum, ripple, dash,... are always going to get dumped after each pump they have. it was not a "bad omen", it was the market being the market like always but newbies like you will always keep their heads in the sand while bag holding altcoins that lose value. and then you blame bitcoin because you were foolish enough to throw away your money on shitcoins instead of buying the only thing that has real value.
it is not our fault that you are losing money and we are not. we made better choices than you and never fell for the alt-ads. that's all.

why do you insist on saying bitcoin AND altcoins?
bitcoin has stayed the same price while altcoins have been getting dumped and pulling bitcoin down as much as they could and now that their dumps have slowed down bitcoin is rising back up while altcoins are licking their dumping wounds.
there is nothing similar here.

it is still going down. it is currently at $260 and it had a lower low already.

not for a long time. i expect this downtrend to continue for at least 2 more months because it still needs to get dumped more and there is still a lot of bag holders resisting the reality by not accepting it.
not to mention all the ICO tokens holders that have resisted the urge to dump but now they are starting to panic.

no, it is impossible to predict it. there is still a lot of  things to consider, the sells and the buy walls and the whales and finally the centralization of ethereum foundation with their millions of dollars of free money to burn on ethereum.
but my guess is that it will be somewhere around $100

no it will not be a correct option because it is not really diversifying, it is something that YOU call diversifying!

diversification is only done correctly if you buy assets that are not connected to each other and it is done so that you reduce the risks of your investment while increasing the profit potential. for example if you invest your money in bitcoin and gold it is called diversification not when you invest your money in ETH and ZRX and 10-50 other altcoins.
you can look at the market today and see why it is a terrible idea. ALL the altcoins are going down together as the whales dump all over the market and this is while bitcoin is still remaining near $6k with a tiny drop below it.

although the drop is inevitable because it is pumped but i still think the real value of Ethereum is about $100 but to go to $50 i think it is going to become a bit under-priced at least for now. maybe in a about 2 years from now as other better smart contract platforms become more popular ETH can die slowly and go back down to $50 and lower but at this point it still has a lot of die hard bag holders who are hyping it and a lot of whales who are still interested in pump and dumping it. so it can stay at a higher price. but eventually it will be replaced by a much more efficient dApps platform.

nonsense. if anything the cost of mining is about $6000 which has been calculated by silly speculators. but in reality cost of mining will always remain near bitcoin's current price because that is how mining and difficulty works.
if price goes up there will be more miners, more hashrate, higher difficulty, less profit, "higher cost of mining". and if price go es down it will be the opposite.


this article is how pure bullshit looks like. CNBC does that a lot
you know how you can determine that? it is easy look at the date of the article (it is from 5 months ago) now go to one of those hashrate chart sites like bitcoinwisdom,... and look at how hashrate has been increasing over the past 5 months. how can it be increasing if it was no longer profitable 5 months ago and price has been falling for the past 5 months?

you can never stop the FUD from coming out and the FUD is not only coming out for bitcoin it is like this for any other market too even the stocks market even though market manipulation is illegal there is nothing stopping them from doing it and masking it as them analyzing the market! in case of bitcoin they are recently starting to use the flaws in altcoins and their pump and dumps to analyze bitcoin! since they couldn't find any flaw in bitcoin itself...

the good news is that FUD is not going to always be effective. the market will always react to it but in the end the balance will be restored as the buyers come back and buy cheap coins from the weak hands. as you can see it happening today.

it is hard to choose an altcoin in this market these days because they are all getting dumped but 0x seems to be holding its ground above 13k satoshi pretty well although its USD value have been declining. so i don't know whether there is a rise in its near future or not to be honest.


with a quick calculation you can see that OP has bought his ETH at $536 ($1,878/3.5) and the current price is $300ish which is about 40% or more loss. the market  needs to see a huge pump of 70% before OP starts seeing his money back and another 5% to see a small profit!
and that is only assuming ETH is not going to fall any lower like reaching $100

as you can see from the past 3 months performance of XRP, it has been losing value. i hope for your sake that you haven't been HODLING all your XRPs!
it has nothing to do with hate, it is just the fact that a centralized altcoin has no place in this world specially when it is created and fully controlled by  a centralized shady company. if a merchant wants a centralized digital money they will use PayPal as they are doing now, they will never even look at XRP as an option in a million years.
add to that the fact that it has 100 billion premined supply and you can see how its price should decline in the long term.

it doesn't matter what you convert your ETH to, as long as that secondary coin is also falling down you will lose money. for example in this case XRP is also falling down so buying it means you get out of ETH for falling to go in another coin that is falling!

the only way you can make profit is if the second coin is rising. for example if you had bought Peercoin yesterday with your money instead of holding ETH or converting it to another dumping coin like XRP then you could have made 35% profit meaning turning your $1249 into $1686

it seems like about a month ago when the ETF hype started to become widespread so little number of people knew that this is going to be more of bad news than be good news. and so far we have had a volatile uncertain market with nobody knowing what to do and everyone being scared of ETF rejection news that can crash the market again.
i think people like OP may now wish they never hyped it up as they did... maybe we wouldn't have seen this situation if there wasn't as much hype about ETF as it was and we could have been rising already.

there are no "profitable altcoin signals" out there that you can use. there is only scam pump and dump groups that disguise their pump demands as a "signal" to cover the fact that they are scamming newbies and want to dump on their heads.

you should learn to figure out your own "signals" and follow them instead of looking for someone to take your hand and pull you through the market.

most of those who want ETF don't even know what ETF is. they just want it because they think it can start a rally and they want the downtrend to end. they just click on that link posted on reddit, ... and spam there.
others may not even want ETF or care about it one bit. i personally don't care but also i wished it never started because i think it is the reason for the prolonged downtrend.
also i agree with above poster, these comments don't matter at all. SEC will make its decision regardless of these comments.

LOL, it is not turning into garbage, it has always been garbage you just chose not to see it before but now the smell of it is filling the air!
it has nothing to do withe "bearish market", well maybe a little, but the main reason is that ETH is in a bubble still thanks to its massive pump and as the money exits and the bubble bursts it continues to go down.

i was warning you for months, specially during that time when ETH was above $1000 and the pumpers and bag holders were promising you $2500-$4000 by the end of the year. i was warning you that the real value of ETH is below $100 and now you are facing the reality with a sour taste.

there is nothing free.
the reason why some of these coins are distributing their tokens for free is that they know their project is so bad that they can never hope for the minimal investment that can cover their costs so they choose the cheapest way of advertising which is spamming on the forums and spreading their token for free then hoping to get some hype to pump their useless token a little to make some money before moving on to the next useless token creation.

unless SEC rejects ETF, or some whale(s) decide they want to push the price down out of nowhere, there is no reason for the price to go lower than this and it won't.
highs and lows are pretty much the same as before. in fact if anything the lows have been increasing since the last couple of times that price tested $6k support we fell below it and went as low as $5700 but this time the low has been $6100 until now.

because WEX is basically a dead exchange with not that many users anymore. ever since they were closed down by the FBI and then created this new website people haven't really been trading there and for a couple of weeks now they have been experiencing a lot of issues such as with their wallets which made it impossible for people to make withdrawals/deposits.
and there is a suspicion that they are manipulating the price on their own platform to dump at higher prices and then buy back at lower to make profit since they couldn't make money other ways.