Re: Convince me why ETH will reach back to $800-$1000 this year
Once $ 300 it was fantastic. And now $ 300 is tragic. The growth of the Ethereum last year was due to the boom of the ICO. This year, there will be no such a boom, so I also do not understand what the price may rise from. Updating the Ethereum will give a small increase, maybe $ 1000, if before that its price does not go down even lower.
You think that this bear market will last the entire year? Personally, I think the price will go back up to $1,000 and then some. Can't go down forever really. Unless something really bad happens. But, I don't see this happening anytime soon.. This is just how the market works. Just remember, Bitcoin was $220 just a couple years ago. Then, it jumped up to $1,000 and then almost hit $20k. So anything can happen really.
I believe in the Ethereum and hope that it will grow.
Today I own several coins.) Honestly, I did not expect it to be below $ 600, but it happened, so it is possible that it will go down even lower. 