Post
Topic
Board Speculation (Altcoins)
Re: Another trap for ETH?
by
laurencef34
on 04/03/2019, 03:47:33 UTC
There’s a great pump with ETH this week, but I think its not a strong pump that it will go dump again after having a short pump so don’t be too excited. The price of $200 will hit again by ETH but it will go through dumps also before that. So what’s your thoughts about the recent pump?
I agree! Also, there appears to be a relationship between ethereum’s price and ICO sales – although the extent of this relationship remains unclear – it seems reasonable to suggest that the conclusion of a series of mega ICOs - which were paid for by ETH valued at hundreds of millions of USD - will result in some downwards pressure on ethereum’s price in the short term. The sponsors of these ICOs will naturally want to sell / hedge the value of the ETH they received. Will continue to monitor on this. Better get going as I resume my live poker sessions.