ETH is encountering support now could be the bottom, millions of dollars can be made from what happens in these next few hours.
I think eth will go back to $4-5 because the daily supply is greater than demand until some serious use cause gets adopted
Have you ever noticed the schedule with altcoins since all cards have been played ? It takes a lot now to keep a coin at a stable point and even with this new technology it just fades, why some may ask ? It's due to needing to ROI on Hardware or Electricity costs with Mining, after all it is a miners world as miners are needed for CryptoCurrency to survive wether it be by GPU or Powerful machines or just a PoS rate where everyone has to keep their wallet open to maintain the network and maintain the mining of the network with staking balanced coins on the network weight of coins by having their PC (Using CPU) to mint those staked balances.
PoS coins have the same problem with interest rates and even if the interest rate is low the age old question is, "What can it be used for ?"
Bitcoin doesn't have this problem as its growth was Organic, it took a fair few years to reel in the Big Capital Investors and Speculators, it has been shown that hardly any at that got into
BTCitcoin when it was in its infancy held their coins above the $1 -$30 price range, some bought ridiculous amounts for the price of a nice family outing and are set for life,
BTCitcoin was the first and has worked its way to where it is at now with adoptance, even
BTCitcoin went over my head but we are all here now.
The most amazing thing about
BTCitcoin is that it has a long running Dedicated Forum for the currency along with its own section for coders trying to better on the Bitcoin code base or build something new from scratch though the last few years has shown that every man and his dog with no experience pay people to create generic copies of coins with some minor changes to the specifications, the only thing needed is something to sell it, out of the 10 coingen/walletbuilders coins that get released per week maybe 1 or 2 is lucky enough to attract some real attention or even a Pump group to make that quick buck due to the fact that they can use the concept of the coin to hype it up (Like the good old 2013-2014 Days of Twitter Hyping seeing wolong and fyrstikken working their magic)
Zcash, Zclassic, Zdash all offer nothing other than what there already is, not even a Windows Qt yet from Zcash which introduced that whole concept, so the question again here is, "What can ETH offer ?" it has already had a divide of community and other clones of Etherium where made, ETH recently forked unintentionally, ETH Developer trying to keep the ETH Network "Clean"
The ETH developer Vitalik Buterin is probably a smart man for taking you all for a ride with his promises & new technology that doesn't even get used, is susceptible to attack and then becoming egotistical with his decisions to better his own personal situation, sound like some familiar People/Developers here on the Bitcointalk Forums ? Need I drop names like iGotSpots, John Connor, Evan Duffield and the rest, forking and changing what not whenever they want to their own advantage.
Enough of observations, price will just drop
