Re: ETH Back in 2021 Form ;)

Quote from: tokeweed on April 20, 2023, 03:25:20 PM

Quote from: OcTradism on April 20, 2023, 02:32:47 AM

Ethereum now is like it was in 2019, 4 years ago. In 2019 bear market Ethereum recovered from about $130 to that year highest price about $340.

I don't expect Ethereum to have a rally which is too closely to its all time high in 2021 about $4700. It won't happen in a bear market and it is simple to realize that fact. I agree that it is a good plan to accumulate Ethereum before a next halving of Bitcoin in 2024. Ethereum will follow Bitcoin after Bitcoin makes its new all time high. It is specifically supported by the Burning mechanism by Ethereum itself.

A great website to see changes of Ethereum supply after the Burning mechanism was activated and how will it go in speculative model.
https://ultrasound.money/

That's an interesting take saying we're still in a bear market. I mean yeah it still lacks a very important factor right now. The guys from the mainstream.. But the charts show that we're starting getting in the bull market. BTC is up close to 100% from the November lows, ETH isn't doing too bad too and there's a meme coin craze going on. All signs are pointing that we're getting there...

^ That last bit about the meme coins could also point out that we've just hit the local top tho. Cheesy

I definitely disagree with this for sure, I mean saying that we are still in a bear market just because we are not near ATH price is something that should not be considered to be true at all. We went up from 16k to 30k, if that doesn't still make you think that we are in a bitcoin bull run, then I think only breaking over ATH would help you with that.

I personally hope that people would be able to forget that we went down from 68k, but start thinking that we would go up from 16k instead. If you think we are 50%+ down, you would be upset but if you look at 100% up that would be alright. This is why I feel like people need to change their point of view and they would be able to turn that bear thinking into bull thinking for sure.