For me, Ethereum and Bitcoin are almost the same right now. Like if I want to trade Ethereum, I am just trading Bitcoin too.
We all know that Ethereum correlates with Bitcoin most of the time, so for me. It's not new anymore and it's not good or ideal to compare price action of Ethereum to Bitcoin especially if there's no any fundamental news or events that is from Bitcoin or Ethereum particularly.
Topic: ETH Sentiment Poll for December - page 2. (Read 326 times)
^^ It seems that they are at lost with ETH right now, not sure if they are still going to categorized it as a commodity.
https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/
Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.
Quote
Behnam said that the only cryptocurrency that should be viewed as a commodity is Bitcoin, walking back from previous remarks made in October when he suggested Ether may also be a commodity.
https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/
Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.
But here's the thing, even though there's still gonna be some sht going on in crypto, is the market still gonna react negatively in the same magnitude as when the Terra Luna fiasco happened? FTX's fiasco didn't really cause that much of a sell down imho... Given how huge it was. If it happened around January, we'd see BTC drop 50% in a couple of days imho. Lol.
So yeah, I think it could be getting to a point where the market just doesn't care anymore. Dunno...
Yes, but everything is connected and somehow will have an impact, might not be as huge as Mt. Gox, but from more than $20k to $15k is already huge drop because of the FTX fiasco. There might be someone entities or even average joe to just buy around the $15k region and probably waiting for like $18k-$20k to sell and make profit. If that happens that then price could still be lower for BTC and ETH.
ETH is like -74% from it's last all time high, it might be pushed to around -80% or even -85% as final capitulation, in my opinion.
Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.
For btc, I think its bottom is already hit last time but for eth I am not really sure if it hit already or not because I remember that eth had a good performance last time just before the eth 2.0 happen but its value only decreases after it. I think it only lose some of its gains last time and it haven't been in the actual dump state neither reach its bottom.The ecosystem is already fragile and shaky so you're right that any negative news that can hit anytime soon are going to cause another fall. There's no need for you to panic or sell because you do not look like a newbie in here. The best thing that you can do is to continue hodling and you can also buy more.
That is mainly because we are already down a lot. We were from 68k to 20k by that time when FTX happened, so all it could do was another %20 or so give or take, maybe %25 but that's about it. You can't just expect something to go from 68k to 20k and then another big like that to 4k or something, that would be too huge. Plus so many people are buying nowadays considering how low it is, compared to Luna period. Which all combined together means that the news wasn't small, it was a huge news but at the same time the period we are in is already as low as it can get, we can't really drop that much further down.
^^ It seems that they are at lost with ETH right now, not sure if they are still going to categorized it as a commodity.
https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/
Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.
Quote
Behnam said that the only cryptocurrency that should be viewed as a commodity is Bitcoin, walking back from previous remarks made in October when he suggested Ether may also be a commodity.
https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/
Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.
But here's the thing, even though there's still gonna be some sht going on in crypto, is the market still gonna react negatively in the same magnitude as when the Terra Luna fiasco happened? FTX's fiasco didn't really cause that much of a sell down imho... Given how huge it was. If it happened around January, we'd see BTC drop 50% in a couple of days imho. Lol.
So yeah, I think it could be getting to a point where the market just doesn't care anymore. Dunno...
Again, this is most likely fud from bitter pos haters.
Even If eth had an issue with SEC it would be most likely be something to do with SEC finding flaw on their ico. On which case they would be given a fee that wouldn't be much as eth didn't raise that much.
And Eth is not a stock. And correct me If i am wrong but currently there are no real tokenized stocks, there are only tokenised synthetics that have a value of a stock, that people are calling stocks because they are clones representing stock value.
Eth is the very definition of an utility token.
I did not say what CFTC wanted to do is right thing.Even If eth had an issue with SEC it would be most likely be something to do with SEC finding flaw on their ico. On which case they would be given a fee that wouldn't be much as eth didn't raise that much.
And Eth is not a stock. And correct me If i am wrong but currently there are no real tokenized stocks, there are only tokenised synthetics that have a value of a stock, that people are calling stocks because they are clones representing stock value.
Eth is the very definition of an utility token.
They can not and should not change their words easily like this. Even so, will investors let them complete it easily?
That causes a rumor that ETC will be a victim, not ETH because CFTC and SEC will attack ETC which will bring less lawsuits against them. ETC is the original ETH and it is what was used to run crowdfunding years ago. Anyway it is rumor and I only shared it to you. I don't say it is true or untrue because I don't know too.
There is rumor about ETH recent days.
In the past, CFTC said many times that among thousands of cryptocurrency on market, they only considered two of them are assets: Bitcoin and Ethereum. In shock of all, in recent interview, they said they consider only Bitcoin as an asset. They stopped mention about ETH as an asset.
That interview caused a rumor that ETH is an involved cryptocurrency in the lawsuit between SEC and XRP and to reduce risk of potential lawsuit against ETH, Coinbase delist Ethereum Classic from their wallet.
But another rumor and hypothesis is why Ethereum Classic ETC but not Ethereum ETH?
A hypothesis is if SEC consider ETH as a stock, it should be the original ETH, now is ETC after the DAO hack and a consequent fork later to resolve financial loses from that hack.
Speculation for ETH in December, I don't think it will rise up a lot but price around $1,000 is good for accumulation. $1,200 is an expensive price for me in these months.
Again, this is most likely fud from bitter pos haters.In the past, CFTC said many times that among thousands of cryptocurrency on market, they only considered two of them are assets: Bitcoin and Ethereum. In shock of all, in recent interview, they said they consider only Bitcoin as an asset. They stopped mention about ETH as an asset.
That interview caused a rumor that ETH is an involved cryptocurrency in the lawsuit between SEC and XRP and to reduce risk of potential lawsuit against ETH, Coinbase delist Ethereum Classic from their wallet.
But another rumor and hypothesis is why Ethereum Classic ETC but not Ethereum ETH?
A hypothesis is if SEC consider ETH as a stock, it should be the original ETH, now is ETC after the DAO hack and a consequent fork later to resolve financial loses from that hack.
Speculation for ETH in December, I don't think it will rise up a lot but price around $1,000 is good for accumulation. $1,200 is an expensive price for me in these months.
Even If eth had an issue with SEC it would be most likely be something to do with SEC finding flaw on their ico. On which case they would be given a fee that wouldn't be much as eth didn't raise that much.
And Eth is not a stock. And correct me If i am wrong but currently there are no real tokenized stocks, there are only tokenised synthetics that have a value of a stock, that people are calling stocks because they are clones representing stock value.
Eth is the very definition of an utility token.
^^ It seems that they are at lost with ETH right now, not sure if they are still going to categorized it as a commodity.
https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/
Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.
Quote
Behnam said that the only cryptocurrency that should be viewed as a commodity is Bitcoin, walking back from previous remarks made in October when he suggested Ether may also be a commodity.
https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/
Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.
There is rumor about ETH recent days.
In the past, CFTC said many times that among thousands of cryptocurrency on market, they only considered two of them are assets: Bitcoin and Ethereum. In shock of all, in recent interview, they said they consider only Bitcoin as an asset. They stopped mention about ETH as an asset.
That interview caused a rumor that ETH is an involved cryptocurrency in the lawsuit between SEC and XRP and to reduce risk of potential lawsuit against ETH, Coinbase delist Ethereum Classic from their wallet.
But another rumor and hypothesis is why Ethereum Classic ETC but not Ethereum ETH?
A hypothesis is if SEC consider ETH as a stock, it should be the original ETH, now is ETC after the DAO hack and a consequent fork later to resolve financial loses from that hack.
Speculation for ETH in December, I don't think it will rise up a lot but price around $1,000 is good for accumulation. $1,200 is an expensive price for me in these months.
In the past, CFTC said many times that among thousands of cryptocurrency on market, they only considered two of them are assets: Bitcoin and Ethereum. In shock of all, in recent interview, they said they consider only Bitcoin as an asset. They stopped mention about ETH as an asset.
That interview caused a rumor that ETH is an involved cryptocurrency in the lawsuit between SEC and XRP and to reduce risk of potential lawsuit against ETH, Coinbase delist Ethereum Classic from their wallet.
But another rumor and hypothesis is why Ethereum Classic ETC but not Ethereum ETH?
A hypothesis is if SEC consider ETH as a stock, it should be the original ETH, now is ETC after the DAO hack and a consequent fork later to resolve financial loses from that hack.
Speculation for ETH in December, I don't think it will rise up a lot but price around $1,000 is good for accumulation. $1,200 is an expensive price for me in these months.
Well it might as well could go up slowly for a while just to fill up that huge bear flag and go down another leg. That would actually make lot of sense in many ways. I totally understand that this isn't a popular idea as everyone would like a recovery and new bull run as soon as possible.
Second (bullish) possibility is (if you are elliot wave fan) that correction waves ABC were obvious and bear is over.
Second (bullish) possibility is (if you are elliot wave fan) that correction waves ABC were obvious and bear is over.
Like BTC, November wasn't really great for WTH too. And like BTC, it looked like ETH was going to start trending up for a while but then of course something shtty has to happen. FTX. :/ But it also feels like the market stopped caring and we're seeing some buyers scoop up some ETH at these prices.
We'll do exactly the same thing as the BTC sentiment thread. Look at the chart below and answer the poll. I saw a guy asking for 'undecided' in the BTC thread. I say no... Let's not take ourselves seriously now. Just have fun and answer yes or no.
We'll do exactly the same thing as the BTC sentiment thread. Look at the chart below and answer the poll. I saw a guy asking for 'undecided' in the BTC thread. I say no... Let's not take ourselves seriously now. Just have fun and answer yes or no.
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