Can Ethereum be worth 1000 € in 2019?

in #ethereum6 years ago

Hintergrundbilder Ethereum 2.0.png
Ethereum did not mainly crash because of regulations or any other reason that the media tries to sell to you. Ethereum and other cryptocurrencies crashed because they were set up for a big crash.

For example, four years after the introduction of Bitcoin to the world it crashed from $979 all the way down to $300 overnight. It then continued a slow downtrend for two years. Later, in November 2015 it started it’s uptrend again. Another two years later Bitcoin crashed again for almost the exact amount as it did four years ago overnight. So Bitcoin crashes were not something new. It was a simple repeat of the market.

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So Ethereum and other cryptos grow mostly by the purchase of coins by beginners and enthusiasts. They are the ones that had to suffer when the bubble burst. So it took 4 years from 2008 to gather enough excited people to create the first crypto bubble and another 4 years to create the second bubble.

What about the next bubble?

It seems that the third wave of overly excited people will be gathered throughout the next 4 years. As a result, Ethereum could be able to achieve huge 1300% climbs once again. So the price of Ethereum and other cryptos would skyrocket. This sounds crazy but you can still call it a small bubble by today’s standard as the total valuation is only about 800 Billion.

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If you compare it to the dot-com bubble with 9,6 trillion dollars, this valuation is pretty low. So there is a lot of space for Ethereum to skyrocket in the future.
Following the trend, we expect that an uptrend should happen again in around two to three years. In four years it might reach his high point and crash again.
So Ethereum probably won´t be worth 1000 Dollar in 2019. But it could be worth 1000 Dollar in 2–3 years again.

Be patient.

And always remember, buying cryptocurrencies is at the moment not investing, it is gambling.
I wish you all the best.

But what I can recommend you is this: If you want to be a better investor in cryptocurrencies learn everything about the technology behind it.

This will help you: Best Blockchain explanation

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