Post
Topic
Board Speculation (Altcoins)
Re: BTC and ETH on their 2 years high
by
wheelz1200
on 10/09/2020, 23:51:30 UTC
Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?

2021 looks to be a good year.  The only problem is if the entire world slips into economic despair due to the pandemic and the fallout from it.  If that's the case it might be a delayed bull market but you cant hold down a good thing for too long.  Crypto is headed in the right direction
I don't think so. The steady and healthy market growth is necessary in order to avoid random pump/dump. According to the latest economic researchers, the fair BTC price should be around $4000, and $11000 price tag means this asset is overvalued. The real use case and having better alternatives will force the BTC investors to sell this asset in the next 2 years, maybe I am wrong but who knows? Smiley

I'm sorry but you can have one person claim a good price for bitcoin is $4k and another that says $30k with data behind it arguing both ways.  The market has held strong in a very wierd financial time for the entire world.  That is a good sign and very bullish.  What data suggests that bitcoin should be $4k?  And by the matter what do you think with bitcoin at $4k what would a "good value" on eth be?