Just wondering what people think about the current price of Ethereum and Bitcoin? I wanted to buy some more of each but obviously the price is quite high - record highs in fact! Are we expecting for another dip i.e a better time to invest or will it keep rising?
I know this is a question of speculation but if anyone has views/opinions/research I would love to hear your thoughts.
Many thanks
In my opinion you can go with bitcoin now, because the price of bitcoin is in downtrend now. I think in next month the price of bitcoin will rise again and you can gain profit from it. At the other hand, if we take a look at ethereum, the price is so expensive, but so sure it will increase more in the future.
So the choice is yours, but for me you can go with bitcoin.
Depends from how you percept the potential of your chosen investment, both coins are good in terms of long hold,
There are possibilities that those coins will ocntinue to pump as acceptance and usages will flow around the business
sectors, with that the value are also poentially grow and provide very decent profits to those who can invest and hold
for the said period of time.
From the speculative point of view of the market, many are betting that at any moment they will change any investment they have in altcoin in this case it can be ETH to Bitcoin so as not to miss a bullish movement of the Rey coin.
When Bitoinc starts to go up, it causes a furor in the masses and those who can sell any altcoin to go with the rise of Bitcoin and earn much more, in this case they talk about a bullish metric now:
Key Bitcoin price metric flashes its first bullish signal in 4 months
Source: https://cointelegraph.com/news/key-bitcoin-price-metric-flashes-its-first-bullish-signal-in-4-months
Bitcoin will always be the one that directs the direction to follow in the market, I think that it will always dominate even if the trends indicate that it has fallen, at a given moment, the dominance can again be 100% for BTC.