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Author Topic: Remember when ETH was $1400 a few years ago then crashed to $70 as BTC crashed?  (Read 1420 times)
tvplus006
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January 07, 2021, 10:44:47 PM
 #41

...I can say that today my successful investment in ethereum has been 100% successful. I got a 100% return on my investment value in less than 30 days. I will probably have some time ahead to think about whether I will sell it 50% and secure the capital or I will continue to hold it until ATH is reached.

This is a good result, but it needs to be fixed. Otherwise, the price can similarly be changed in the smaller side. In such cases, the correct solution should be to use a stop loss. Since everyone has the same expectations about the new ATH of ethereum.

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January 07, 2021, 10:49:35 PM
 #42

There may be some truth in the statements in this thread. But it's still very early days to speak like that. We never knew something like that would happen, which it certainly wasn't now. Bitcoin will still continue to rise until it hits ATH $100k and this has been frequently discussed by experts in crypto.

The market still bullish  and if in case that the last ath already been achieved chances that it will aim for more is still possible.

There are many speculation in terms of how the market will proceed, it's no stopping for now maybe if you are already a holder

just keep your position and think twice before taking your next step.
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January 07, 2021, 10:53:54 PM
 #43

I disagree that Ethereum is said to be a scam and has no value, I also believe Ethereum is currently much better than other altcoins.
I say this not only because I am a supporter of Ethereum, but there is irrefutable evidence that Ethereum has started to return to its ATH price.
This means that many Ethereum holders will get profit from Ethereum, I'm even optimistic that this year's Ethereum price will create a new ATH
like Bitcoin. Don't let your disappointment with the Ethereum transaction fees which are currently rising, so don't admit that Ethereum is a good
and profitable project.

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January 07, 2021, 11:00:40 PM
 #44

There may be some truth in the statements in this thread. But it's still very early days to speak like that. We never knew something like that would happen, which it certainly wasn't now. Bitcoin will still continue to rise until it hits ATH $100k and this has been frequently discussed by experts in crypto.
I guess that he wanna try to remind us about the bad scenario that could happen anytime. Bitcoin and any other coins were getting big bullish trend but again it's not will be last forever. The first time that bitcoin pumped to the 20k as its ATH and people were never predicting it the dump to happen started from at the end of January. it says that this is just an awareness thread about the bearish trend that can happen soon.
It's too naïve to call the major coin as the shitcoin.

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muenze (OP)
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January 08, 2021, 01:03:09 AM
 #45

but there is irrefutable evidence that Ethereum has started to return to its ATH price.
This means that many Ethereum holders will get profit from Ethereum

What is this irrefutable evidence, friend?

Last ATH of Bitcoin was $18k or maybe $20k on some asian exchanges.
So then ETH was $1400.

Now Bitcoin is at $40k and ETH is $1200.

So with Bitcoin you doubled your money, while with ETH you still lost even NOW!

And when it crashes, ETH will go to $50 or maybe $150 but bitcoin will stay high at maybe $20k so why is eth any good? It really isnt. Its only good for the large bag holders who got it for $10.

It was amazing to be part of Bitcointalk for a little while. Thankyou. https://bitcointalk.org/index.php?topic=5316241.0
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January 08, 2021, 10:01:48 AM
 #46

you know what? I've love to see that happen, I wish it will so I can accumulate cheap bitcoins. I am just actually waiting for the correction to come, and it seems it will not come anytime soon yet since bitcoin is making a new ATH in just a very short period of time.

$40k was achieved? What's next, are we ready for $50K?

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silverston
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January 08, 2021, 10:13:20 AM
 #47

ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.

2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000

If you stayed in ETH you have lost more money than Enron. ETH is a scam.

There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.

Let us then talk like this not only about ETH, but also about all altcoins! Most of them look unimportant compared to bitcoin now, look at the same ICON that made a lot of noise in 2017-2018. It is at the bottom ... It was clear that the market pump would begin with the growth of bitcoin, but the altseason could still be ahead!

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namcunguyen
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January 08, 2021, 10:30:46 AM
 #48

ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.

2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000

If you stayed in ETH you have lost more money than Enron. ETH is a scam.

There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.

Let us then talk like this not only about ETH, but also about all altcoins! Most of them look unimportant compared to bitcoin now, look at the same ICON that made a lot of noise in 2017-2018. It is at the bottom ... It was clear that the market pump would begin with the growth of bitcoin, but the altseason could still be ahead!

You are correct, the growth of the coin each stage isn't the same. Looking at PPT in 2018 and now, it's a huge difference. Altcoins haven't received much attention during this period.
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January 08, 2021, 10:56:49 AM
 #49

Therefore, you need to invest in Ethereum when the price of Ethereum is at the bottom and then you can get a good profit from this, and if you will invest in Ethereum now, it will be a huge risk and therefore it is worth waiting for a correction and then you can safely invest in Ethereum.
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January 08, 2021, 01:32:16 PM
 #50

The market is full of ups and downs but it is only natural as it is how the market works. Right now, you cannot prove that Eth is a shit coin with no intrinsic value because the investors are putting a value of it right now. Eth is playing at $1k plus already and it is ready to break it's ATH anytime soon but if you worried that the market will crash again once we can hit a new ATH then you should not worry about it because every happenings has a right time.

Meaning if you can buy at a right time and you can sell at a right time also then you will definitely profit for sure either you are going to buy Eth or other crypto currencies that you think has an intrinsic value.

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January 09, 2021, 09:01:49 AM
 #51

The market is full of ups and downs but it is only natural as it is how the market works. Right now, you cannot prove that Eth is a shit coin with no intrinsic value because the investors are putting a value of it right now. Eth is playing at $1k plus already and it is ready to break it's ATH anytime soon but if you worried that the market will crash again once we can hit a new ATH then you should not worry about it because every happenings has a right time.

Meaning if you can buy at a right time and you can sell at a right time also then you will definitely profit for sure either you are going to buy Eth or other crypto currencies that you think has an intrinsic value.
The good part about buying right now, it would mean you could profit from it when it breaks over ATH and I think it will not stop here after coming this close to ATH price. When bitcoin was around 19k but failed to go above 20k, we waited nearly a month for it to go there, so we should give ETH a bit more time for it to go there. Plus we do have that phase 2 of 2.0 where staking will become a reality and it is about 1 to 2 years away, and I believe it is going to be taking the price a ton higher thanks to that.

However do you know even the best part? If the price ever drops in the next 2 years, you could always buy more from lower level, do a DCA, and you can profit again a lot when it becomes staking because there is no way it would drop after 2.0 became a thing, it will become something profitable for a very long time for everyone.

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rollingdice
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January 09, 2021, 09:19:17 AM
 #52

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ETH really is a shitcoin with no intrinsic value.
The same can be said about Bitcoin, most altcoins and even fiat money. ETH isn't the best altcoin ever, but some altcoins aimed to be "ETH killer" weren't performing well.

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tycsols
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January 09, 2021, 09:21:07 AM
 #53

ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.

2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000

If you stayed in ETH you have lost more money than Enron. ETH is a scam.

There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.
No worries mate, Ethereum will soon catch up my personal opinion is that Eth will be over 3000 mark by march and there are many fundemantal and technical reasons for that which are obvious like institutional interest is the highest for ETH after btc so those people will be buying big bags of ETH, secondly common people are more interested in ETH now perhaps because btc price seems expensive to them and ETH gives them cheaper option.

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Janation
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January 09, 2021, 10:00:55 AM
 #54

I don't think we should even compare these two.

Bitcoin is dominating the market and that doesn't mean that the others are garbage. They are slowly following the steps of bitcoin since some people are actually trading some of their funds to get cheaper altcoins that might follow like Ethereum. There are a lot of times like these and there are a lot of times like in the past where Ethereum reached its ATH while Bitcoin is continuously falling.
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January 09, 2021, 10:37:38 AM
 #55

ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.

2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000

If you stayed in ETH you have lost more money than Enron. ETH is a scam.

There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.
So how this applies to current market? BTC is doing well and we are in a bull market why you are talking about crash and cheap Eth etc now? Right now the direction is up and it is expected to continue like this atleast for this whole year with small corrections and dips on the way up so no need to panic.

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January 09, 2021, 10:38:14 AM
 #56

ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.

2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000

If you stayed in ETH you have lost more money than Enron. ETH is a scam.

There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.

This time market became more matured. Many institutions invested in BTC and they are not here for a quick profit. That is the reason we are seeing a stable growth of the market and BTC cross the 40k market and still didn't crash at all. As long as BTC stays stable ETH market will also grow potentially and other ALTs too.

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January 09, 2021, 11:06:53 AM
 #57

i don't think ethereum is scam i really think you don't understand how the market works, not because the bitcoin price increase doesn't mean that the ethereum must follow. what happened before was just a coincidence and does not related to each other.

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masterrex
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January 09, 2021, 12:47:37 PM
 #58

ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.

2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000

If you stayed in ETH you have lost more money than Enron. ETH is a scam.

There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.

I think this is a strong statement against Ethereum, But I suspect that you are a supporter of those projects that quietly dubbed as an Ethereum killer. By the way, we are all bound by our own opinion and if you think that ETH is not worthy for your investment then it's only yours and not ours, The data is all against your accusation if Ethereum is a shitcoin like what you said, it should not be in the top spot, the most of the Defi sector was all using Ethereum compared to your so-called Ethereum Killer. so it's clear as the sunshine Ethereum is not a shitcoin but it has a flaw that needs to be fixed by continued development.
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January 11, 2021, 04:51:03 AM
 #59

Therefore, you need to invest in Ethereum when the price of Ethereum is at the bottom and then you can get a good profit from this, and if you will invest in Ethereum now, it will be a huge risk and therefore it is worth waiting for a correction and then you can safely invest in Ethereum.

This i can definitely agree on a little more. But you have to see in the same time other smaller projects will still be much better than ETH. Like I bought ChainLINK in january 2018 for like 30 cents each and its now $15 so thats x50.

When ETH was at $70 last time you did not even get x15 now. Thats because so many people bought ETH for $10 or even $0.25

We need more projects that have a low price for a long time so everyone can get on for cheap and then when wallstreet x100 the price we all sell Cheesy

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January 11, 2021, 05:37:32 AM
 #60

There needs to be a correction in the title. ETH crashed from $1,400 to $70 not because of the drop in BTC exchange rates, but as a result of the destruction of the ICO sector. By mid-2018, huge numbers of ICOs were turning out to be scams, and investors had lost large amounts of ETH and BTC by investing in these projects. It was the collapse of the ICO sector which resulted in ETH exchange rates declining to double-digits and the drop in BTC prices didn't had a major impact.
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