Post
Topic
Board Speculation (Altcoins)
Re: Why Etherium price is decreasing day by day ?
by
BitcoinNewsMagazine
on 05/07/2016, 19:25:16 UTC
Hard fork for Ethereum is probable, and most likely will happen by next weekend. A lot of Ether will be released back to owners. What do you think they will do with it? Sizeable number will use to buy bitcoin, so look for a bitcoin price increase along with Ether sell off. When you see a sell off in Ether with heavy volume time to buy cheap Ether. Ether price could get as low as $5 with heavy selling. There is resistance at $7 so you should consider buying to hold long term starting at $7 and buying more on way down. Or you could just wait until the charts show a bottom is in place before buying. Any way looks like good chance for Ether fire sale next weekend. Right now Ether and Bitcoin are inversely correlated.