You are viewing a single comment's thread from:
RE: When to Buy in New Era of Cryptocurrency Regulation
I do think that ETH is skyrocketing now! However, I think that ETH is the hero who save the market, as it resembled in the last 2 weeks the strongest safest Coin (especially USDT does not look like so).
Look carefully today. There is no such panic like when BTC touch 10K (15-17 Jan), although BTC went today too far lower!
Moreover, it is more realistic to think that ETH will be 10X (10K), than BTC reach 10X (100 K), otherwise, the bubble will be too ...!
Now the price correction is going smoother toward ETH rather than whole coin crash.
At least that is my opinion!
That's also what I advise most people that cant run into fiat when market crashes - to jump into ETH as its the most stable and suffers the smalles losses. If we compare all the market to ETH most of the coins are on green 💚💚
Why do y'all think ETH has been more resilient? That's my biggest question now. Do people collectively see it as a safe bet? To me that doesn't make sense. Why would be any safer than BTC? Or is there orchestrated flow of cash (or could even be Tether manipulating) ? I see all crypto going lower.
From my point of view is safer as a lot of people start to believe in Vitalik's vision and actually there is aplicability ( ERC20 Tokens, cryptokities, smart contracts etc. )
There is also a better way out when bitcoin market is manipulated by different sources like bitcoin futures.
Also whens the switch to proof of stake happening? People might be accumulating for that in this dip. Probably a flippening then...