No one knows from the rebounding will start from but there is something good in bad events as well. The lower the price are the higher the profit will be because neither Ethereum nor other altcoins will go away but they have to stay here and evolve with steady growth over the time. May be change of month bring us back on track again.
ok but many useless alt coins will die during this bear market, of course Ethereum won't because it's here to stay but some tokens built on top of ethereum will die
natural selection.
The market shakeout is needed. It will make the survivors stronger.
I am expecting $100 ETH in 2019 sometime. Hold anyway. Price doesn't matter short term. Etherium project will continue to grow.
Don't you think the drop from $1400 to $350 can be the shakeout? We don't know the bottom, but $100 in 2019 would mean a really long ice age
We don't know the bottom, as you say. But a few months is a really short shakeout.
The reason I say $100 is because :
1. There was a lot of trading volume and the price took off from around $100 in May 2017. Lots of buyers remain to be shaken out.
2. Current sentiment is still bullish. Most of the replies to my slightly negative posts (just the way I see it) are argumentative, ridiculing, or simply denial.
3. The last true bear market in crypto lasted 3 years. This one is not mature enough yet.
I certainly hope that the bottom is more than $100, but that is my worst case scenario, lets say' in the 100's' might be a better guess.
