Ethereum took a beating, worth it to invest in still?
What a month this has been, we have seen all time high and after that big fall in ethereum. When Ethereum Enterprise Alliance added new 86 corporations as its members, companies like DTCC, State Street, Infosys. Every investor was sure this is going to be game changer in ethereum network history. The prices skyrocketed; 100,150,200!. And yet today ethereum fell to $117 leaving many worried.
Warren Buffet's quote comes to memory at this point:
"Be fearful when people are greedy and be greedy when people are fearful."
In my opinion this burst of the bubble is nothing more than a temporary pullback. The currencies fall corresponded with continuous issues from cryptocurrency exchange Coinbase and Kraken. Coinbase crashed multiple times. If you are trying to set up an account, you will likely have problems with your credit card authentication. Payments and transactions are taking longer. Coinbase’s users have a right to be frustrated — especially since there is so much money on the line.
But, believe it or not, Coinbase’s issues are a good thing. They signify explosive growth in the digital currency sector.The company has added thousands of users in the last couple of days. It now has 7,200,000 daily users.
So, give the entire situation. If you can put your money into ether for minimum of 6 months then I would strongly recommend you to buy at this point because you will not get an opportunity like this again.
Be greedy when others are fearful.
Happy Trading Folks!
Nice post, I have been waiting for this pullback. It was expected and does provide an excellent opportunity to buy at a lower price.
Good points in this post. I was about to post a similair thread. Cryptos will probably go through a more extreme pattern that bitcoin went though. High ups and high downs before it becomes stable. I was researching a way to find more info about the current cryptocoins on the market. I was wondering if anyone of you uses: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. Check for example: https://www.coincheckup.com/coins/Ethereum#analysis For the Ethereum Investment and research analysis.