Ethereum sets new ALL TIME HIGH !!! Should I get in or not ?
Ethereum is a form of technology powered by blockchain and with is own purpose. From last few month ethereum price is growing to fast and it's market cap getting closer and closer to bitcoin. is ethereum going to pass bitcoin?? Ethereum has that power or not?
let's look at the chart
as you can see in this chart few moths ago ethereum price was near 10 $ and now you can see its price is nearly 350 $.
After setting up new all time high what next for ethereum.
maybe you know about the Bitcoin fork wich is happening on 1st August. if you don't know you should dig some information. Bitcoin fork can be the best opportunity for ethereum to get on #1 place the reason behind this is there's gonna be a big sell off in bitcoin but we don't know what's gonna happen that time.
you should get into ethereum or not ?
ethereum is going great but you know the rule of trading " buy low and sell high". I suggest don't buy on all time high just wait a little and there is gonna be a sell off on all time high and that is the chance for you to get into ethereum but ethereum not going too low get when you can take best out of when its correct it self .if you are bought ethereum on high price that's ok you just need to wait for profit and don't panic if it dumps have some patients.
chart from poloniex you can see btc price there
I'm not a professional adviser but this is what I know about ethereum. I hope this pose can be helpful for you.
Always remember supply and demand when comparing any two assets. Bitcoin has a fixed supply of 21 million coins. The maximum number of ether is yet to be determined because of the uncertainty around when proof of stake will be implemented. Unless something changes with ethereum, my personal opinion is that Bitcoins will always be worth more. For transparency, I own both.
point is noted
Coming from legacy markets, something just doesn't smell right with both Eth and ripple, so I'm 80% Bc and 20 % alts (that actually have either a great product or a great idea). what made me stop was the recent BAT sale, the whale (whale groups) that snatched up all the BAT's had to have been accumulating ETh for a while, sending prices up and now a handful of eth owners are sitting on huge blocks, enough to impact (manipulate)the market, could be a trap, just my gut, but I'm staying safe, I'm not an eth hater, (took profit as it neared 300) but why jump in when there are other great buys out there..
I agree that the economics on ETH hold a lot of uncertainty. I bought about the same dollar value of BTC and ETH, and the ETH has far outperformed the BTC. I haven't taken any profits simply because I think we haven't got the mass market speculators in crypto yet. If that happens, regardless of economics, it could go a lot higher. While the waves are big, you gotta surf.
on point
What are you waiting for?
"Lost time is never found again". (Benjamin Franklin)
Upvoted!
It is very difficult to decide. Ether is in its ATH and that means it might go down.
But on the other hand, There are many reasons that make me believe Either will still go up. I will mention the important ones:
1- Ether is growing every day:
2- Either has a great team and community.
3- Either is being traded with USD and other fiat currencies directly. It has become independent from Bitcoin in that regard.
Yes. Buy into it. Like anything, because it can change fast, don't risk more than you care to lose. It is money. Money is a tool. But you learn so much just by getting your feet wet. Have FUN with it!
Good post! Nice advice for new crypto-traders.
Upvoted :)
thanks please shere this to others
Resteemed, give me a upvote mate in my post :) ^^
thanks and i upvoted your post man and followed to
Nice post, I try to avoid support ethereum though, too much dirt attached to that crypto, something just smells funny about it.
Got for it or get a miner/mining contract. I purchased a miner and I'm getting a coin every 10days.
i invest longterm. i think you can do nothing wrong.
good luck!
I all depends on your pocket. Let's your pocket if you should invest or not but I think even at all time high its a great investment .
Bitcoin will continue to flourish cos. Even with the possibility of hard Fork, both can coexist. and at the same time flourish.
Ethereum gives not only the cryptocurrency to trade with, but actually the platform to work on, this is big advantage of ETH, so I'd bet on ETH to continuously grow