Post
Topic
Board Speculation (Altcoins)
Re: Eth will back to 500$
by
rickadone
on 15/08/2018, 13:38:53 UTC
Hopefully it would. ETH value keeps falling everyday. I don't want that to create uncertainty to new investors that would like to invest on cryptocrrency. I bought at $317 each and thought it was a good buy but it went down again. I don't feel at such a loss but I could have bought it at $250. Waiting for good news.
Actually ETH is in the phase of recession right now and it will keep on loosing some more value until it start the recovery again. The falling prices does not mean the end of a great and advanced technology and just represent the fall of the market for the time being and will recover again soon. Hopefully in future, the values of Eth and Bitcoin will coincide. This is believed that ETH might outshine bitcoin due to its highly paced technological growth.

When lst time bitcoin was increasing toward $8500 levels most altcoins faced downfall including ethereum which indicated the trader's mindset like they are selling off their ethereum savings and moving that money into bitcoins. In past, regardless of bitcoins growth or down fall. ethererum showed good rising but in current scenario which is miserably missing out.