This guy nails what I've been thinking for a while now. There's no way ETH's current price is stable. It's going to crash back down to sub $50, maybe sub $20.
http://www.coindesk.com/icos-dumb-mo...hical-dilemma/
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This guy nails what I've been thinking for a while now. There's no way ETH's current price is stable. It's going to crash back down to sub $50, maybe sub $20.
http://www.coindesk.com/icos-dumb-mo...hical-dilemma/
dEth!Quote:
Originally Posted by madfranks
Yeah its coming! I think we may have a couple of weeks left. No doubt Eth will be the biggest loser, but I think we'll probably see the entire cryptocurrency market implode. Lets see if LTC will reach $100 before it is coming. I wouldn't be surprised IF it goes down to $10 in the crash...
I cashed out of most of my crypto holdings, because I am convinced that when ETH begins to crash, it'll pull down everything else with it, yes even BTC.Quote:
Originally Posted by Neuro
Of course it will happen. BTC will hold the best, but I wouldnt be surprised to see it down to below $1,000...Quote:
Originally Posted by madfranks
Besides no one ever got poor by taking a profit once in a while. And it will be cool to be able to buy back everything you sold for 1/5th of the price you sold for...;DQuote:
Originally Posted by madfranks
I hope so. I missed my first chance to do this back in '12 and '13 when LTC almost touched $50. I had over 2000 at that time and didn't sell a single one because I thought it would rebound. I held on and didn't sell all the way down to less than $2 per LTC. I've since learned more about the epic rises and falls of crypto, so this time I sold just under $50, so if it crashes back down to sub $10 I'll buy back in and wait a few years for the next swing up.Quote:
Originally Posted by Neuro
Bill Still last week,
https://i.ytimg.com/vi/atomo4blHQg/h...hXUWJJu9HHt36g 8:50
Bitcoin is NOT a Bubble, 1691
- 7,523 views
- 6 days ago
Bill Still 1-2 months ago,
- https://i.ytimg.com/vi/wBMG9L0YT2A/h...jvTxDGMaICZ9mQ 6:13
Bitcoin: How High Can It Go?, 1646
The Still Report
- 1 month ago
- 20,587 views
all his past bitcoin bloviations,
https://www.youtube.com/user/bstill3...?query=Bitcoin
Pat, I don't think the immediate issue is with BTC, it's with ETH (Ethereum). IMO, the fundamentals of BTC are still pretty strong, but the fact is that ETH is preparing to shit the bed so hard right now, and it will take BTC down with it.
Another option (if you are conspiratorial), is that BTC holders due to their dominance and old money boys network, conspires to keep others cryptos down. As the market goes into the mania phase they buy up the prices of alt-coins, and then they "create problems" for the competitors at the exchanges, get some negative articles in the cryptomagz, and sell in unison, effectively crashing the prize. BTC having the reputation of gold in cryptocurrencies is going down but much less than everything else. Perhaps the whales don't earn that much on the alt coin trading, perhaps they lose even, but the purpose is to keep BTC the unquestioned leader.Quote:
Originally Posted by madfranks
Just a theory which I haven't very much to support, apart from a feeling that this is the case.
Post crash as it starts stabilizing I think it is a good idea to buy BTC, as that is the one that starts gaining first, and then move into LTC and then other alts, also listen into what trollboxes promotes a lot in the mania phase, they will be winners. I did buy ETH at $120, and I could have tripled my money in 10 days, but I came to the conclusion that there was nothing that could motivate a price of +$10 B for ETH. Damn my reasons and reasoning!
There is such a hype around ethereum mining at the moment that you are not able to get graphics cards...