Ninjastic
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Board Speculation (Altcoins)
Re: Altcoins enter bullish trend
by
diskodasa
on 03/08/2020, 03:47:37 UTC
Quote from: Kopetunto on August 02, 2020, 07:50:49 AM
Quote from: Denamen on August 02, 2020, 01:48:57 AM
Quote from: CarnagexD on August 01, 2020, 07:53:40 PM
upon seeing most of the altcoins in top 20 are green for the past week I'm very positive that the market is very bullish, now is the very time to buy and hold. Seeing the ethereum increasing 100% from the past 6 months is such a relief, this year is going to be great for ethereum I guess. XRP is gaining some strength too, its price changes +66% from the past month, I got XRP in my portfolio, I must say a pretty decent amount of it and I'm glad that these coins are pumping. But don't take it too easy to get any profit, the market is still deep, it's just shallow when we look at it. Study the market, don't rush!
Now the price of ETH has crossed the $400 mark and this is only the beginning of the market. The altcoin season is coming very close, and this is a good time for people to make a profit because I am sure the investment demand in the next few months will increase rapidly. Based on what is happening, I can predict that ETH price will soon reach $800 by the end of this year or possibly higher.
do not be careless because this season looks bullish, we also have to be careful in stepping, especially to buy Ethereum which is currently expensive, I don't worry if you have bought it at cheap prices and try to hold, but if you currently buy, I'm not sure ETH will go higher
The price of Ethereum in my prediction will have a relatively strong correction in a few weeks and you need to think carefully before deciding to buy more because the possibility of dropping to $200 again is very high. I don't invest at this stage because the risks are still quite large and the world economic situation is still very chaotic so there is no guarantee that you can make profits in the future. I think if you have made a profit, you should consider selling early and setting a stop loss if you feel it is necessary.