Hey,
Just wondering what people think about the current price of Ethereum and Bitcoin? I wanted to buy some more of each but obviously the price is quite high - record highs in fact! Are we expecting for another dip i.e a better time to invest or will it keep rising?
I know this is a question of speculation but if anyone has views/opinions/research I would love to hear your thoughts.
Many thanks
the eternal question repeats again...Just wondering what people think about the current price of Ethereum and Bitcoin? I wanted to buy some more of each but obviously the price is quite high - record highs in fact! Are we expecting for another dip i.e a better time to invest or will it keep rising?
I know this is a question of speculation but if anyone has views/opinions/research I would love to hear your thoughts.
Many thanks
If you look deep into old topics then you will see someone who is confused about buying Bitcoin when the price is $ 5k, $ 10k, and $ 20k then said what the price is too high or what this the best time to buy? you must remember that the Bitcoin price trend will continue to rise and the current price is still not very high. *btw, for ethereum I still have doubts
For ETH many are waiting for $ 3k but their bottleneck is the same high fees they present, of course this is the short-term trend, what they are looking for is to obtain the movement similar to Bitcoin since it follows the same direction.
Today the price of ETH reached 2300USD, this makes a good impression on the market and the open interest reached 8 billion dollars, which represents 50% of the bitcoin markets of two months ago.
Quote
Some investors might say that derivatives contracts pose a risk for larger corrections due to liquidations, but one must remember that the same instrument can be used for hedging and arbitrage.
Source: https://cointelegraph.com/news/record-8b-open-interest-on-ethereum-futures-shows-the-pros-are-here