I think a lot depends on what Bitcoin does from here.
If it consolidates and then continues the bull run, ETH and other alts will suffer until Bitcoin takes a rest.
If Bitcoin crashes then Ethereum is the natural successor (at this point) and will do very well indeed.
Topic: Ethereum bubble will eventual burst. - page 2. (Read 8379 times)
If Ethereum has next hard fork, no doubt the bubble will burst eventually, but now the price is still very bullish, many huge ico raised money in Ethereum, this gives the buy pressure.
It depends on the nature of the hard fork. If that is to improve it, then the price will rise further.
this is not a bubble imho, look at the all chart for many coins, everything is pumped, it's not about ethereum only, this only mean that new money have come to crypto and are pumping everything, buying blindly what they can, even bitcoin return almost to the point before the dump, i was thinking at first that the bitcoin money was moving to other cyrpto, but i was wrong it's definitely new money from newbie
Most altcoins are bought with bitcoin. Bitcoin holders are moving into altcoins as a hedge against falling bitcoin prices in case of a hard fork. Newbies have a hard time even buying bitcoin, let alone Ether and Monero.
this is not a bubble imho, look at the all chart for many coins, everything is pumped, it's not about ethereum only, this only mean that new money have come to crypto and are pumping everything, buying blindly what they can, even bitcoin return almost to the point before the dump, i was thinking at first that the bitcoin money was moving to other cyrpto, but i was wrong it's definitely new money from newbie
If Ethereum has next hard fork, no doubt the bubble will burst eventually, but now the price is still very bullish, many huge ico raised money in Ethereum, this gives the buy pressure.
well to me it looks like a pump and it certainly has shown all the sign of a pump without a doubt.
but even if we assume it is not a pump and "buy pressure!" is causing the rise, it still doesn't matter. when price rises fast, it needs a correction because traders are trading for profit and if they don't sell they don't take that profit! pretty obvious and selling means price coming down.
now when price surges up too fast it is a bubble and bubble needs bursting, it is no longer a correction it is a burst. because again traders for the same reason need to take their profit and when they exit there will be mass panic and sell offs start hard and when things are like this that "buy pressure" vanishes into thin air because others aren't stupid, they see the sharp drop and want to get back in at lower prices not their open positions.
it is hard to predict things specially with Ethereum when it is heavily manipulated. that is why i have to wait and watch. i have already sold my coins and am looking into other altcoins which haven't yet been pumped to make the most of it.
If Ethereum has next hard fork, no doubt the bubble will burst eventually, but now the price is still very bullish, many huge ico raised money in Ethereum, this gives the buy pressure.
We're all adults here? I think. So we all know Ethereum is in a bubble right now. Bubbles eventually burst. I plan to buy some ether eventually, but not right now.
After the bubble bursts...and the bull trap ends...I think ether will fall back to the low teens. I doubt single digits, but who knows.
Question: what price do you plan to pull the trigger on ether after the bubble bursts?
My trigger is $15/ether.
After the bubble bursts...and the bull trap ends...I think ether will fall back to the low teens. I doubt single digits, but who knows.
Question: what price do you plan to pull the trigger on ether after the bubble bursts?
My trigger is $15/ether.
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