Post
Topic
Board Speculation
Re: Why the Crypto Market Remains ‘Moderately Bearish’ in 2019
by
BrewMaster
on 12/01/2019, 15:37:36 UTC
With the exception of Ethereum, which seems to have started the year with all guns blazing ahead of the Constantinople fork, it won’t surprise anyone that the market analysts SFOX rate crypto as “moderately bearish” entering 2019. In fact, with further sharp drops in all major coins today, perhaps even the word “moderately” is wishful thinking

I wouldn't rely too much on the coming Constantinople fork of Ethereum. The forks we have seen recently (like the one which led to the so-called hash wars) seem not to have a refreshing effect on stagnating prices lately (as we have been trending sideways since November crash), if only downwards. Apart from that, Ethereum itself and its forks are not trustworthy in my opinion. Last time they did something to that tune, it ended with a disaster and led to creation of yet another fork that became known as Ethereum Classic (which, as I suspect, is not much better either)

Or it may be not the last time really, but you get the point

the hype of that fork seems to already be over and in fact i believe the recent small drop in bitcoin price might have been because of the ETH fork hype dying off and the whales dumping the  coins they bought for short term profit.
people doesn't seem to be so happy about the big change they are forcing on them regarding this switch from PoW to an inferior algorithm.