Topic: Remember when ETH was $1400 a few years ago then crashed to $70 as BTC crashed? - page 2. (Read 1489 times)
February 16, 2021, 04:49:10 PM
Everyone who had been in crypto and had experienced the last bullrun may have learned the lesson already to dump what they have to stablecoin before everything falls apart. They know it could happen again because we had been advised over and over that history will repeat itself again. What they do now is just wait. Traders who assumes that $1800 is already the ATH had dumped already.
February 16, 2021, 04:42:56 PM
Yep, I was in crypto sphere in 2017 and saw the massive spike of ETH and then it's sudden downfall when it reaches around 70$-80$, and it was the worst, the first bearish trend that I've encountered. But as what the old timer say, it will make you stronger when you see your portfolio going down, don't sell but instead by at this fucking dip. And if we did follow this tip, I'm sure we could have been millionaires by now if we buy a lot of Ethereum that time. Big big lesson to all of us. So in the future, if we ever see another bear market, think of the past and make the right decision.
February 16, 2021, 03:13:39 PM
I clearly remember this moment, when ETH was reduced to $ 85, everyone was very disappointed at that time,but I saw the advantages in this, transfers on this blockchain cost about 0.1¢ and erc_20 tokens were transferred without problems, now it is very expensive, if this goes on, then projects can migrate to other blockchains and will be right.
Ethereum increased in price contributed to the increase in the price of the of erc-20 from a wallet to the other but Defi contributed more because of the gas war experience in the platform all in the name of getting quick tokens.
When you compare now and then, I don't think Ethereum will crash the way it did back in the previous performance. So many things are put in place and the hope of eth2.0 will make people to hold.
February 08, 2021, 12:24:51 PM
actually what happens with this kind of thinking. seeing the price go up and down thought a scam. when seeing the transaction fees rising so expensive they say a scam.
When you arrive early knowing how the crypto market works then you won't say that everything that happens is a scam. many people including myself also benefit from this very basic market analysis. buy when it's cheap and sell when it's expensive. avoid buying in a bull market. very simple and safe. So why would anyone think something profitable is a scam?
Unfortunately buying low is not only scam but also "ethereum is dead" was vivid around everywhere, just because ethereum price went down (albeit a lot) didn't mean that the coin itself was gone and would never come back, the fact that ethereum stead in top 3 during all of those falls is the example that it was always doing great and never did that bad. This is why I think it is quite important that we should focus on ethereum going down as something as a whole in crypto markets as a whole and not just on ethereum base.When you arrive early knowing how the crypto market works then you won't say that everything that happens is a scam. many people including myself also benefit from this very basic market analysis. buy when it's cheap and sell when it's expensive. avoid buying in a bull market. very simple and safe. So why would anyone think something profitable is a scam?
I personally saw those falls many times in crypto and if one coin goes down all by itself, like how XRP did a month or two ago, that is a problem for the coin itself but if the whole crypto market falls there is nothing wrong with the coins and you can buy them when they are cheap and you can sell them when the crypto market goes up together.
February 07, 2021, 08:41:02 AM
actually what happens with this kind of thinking. seeing the price go up and down thought a scam. when seeing the transaction fees rising so expensive they say a scam.
When you arrive early knowing how the crypto market works then you won't say that everything that happens is a scam. many people including myself also benefit from this very basic market analysis. buy when it's cheap and sell when it's expensive. avoid buying in a bull market. very simple and safe. So why would anyone think something profitable is a scam?
When you arrive early knowing how the crypto market works then you won't say that everything that happens is a scam. many people including myself also benefit from this very basic market analysis. buy when it's cheap and sell when it's expensive. avoid buying in a bull market. very simple and safe. So why would anyone think something profitable is a scam?
February 07, 2021, 08:33:07 AM
I clearly remember this moment, when ETH was reduced to $ 85, everyone was very disappointed at that time,but I saw the advantages in this, transfers on this blockchain cost about 0.1¢ and erc_20 tokens were transferred without problems, now it is very expensive, if this goes on, then projects can migrate to other blockchains and will be right.
February 07, 2021, 08:27:04 AM
If btc will crash like 2018 then the whole market will be doomed
February 07, 2021, 08:11:10 AM
How many of the users who are posting in this thread were active during 2018, when ETH crashed from $1,400 to $80? The drop in Bitcoin prices played a small part, but that was not the main reason. The most important factor was the complete collapse of the ICO market. Back in 2018, there were a few well known ICOs, which turned out to be scams. The reputation of the ICO sector took an irreversible hit, and along with that the ETH prices also got hurt. That was the main reason for the crash in ETH prices.
February 07, 2021, 07:01:40 AM
Frankly there is no comparison between ETH and Bitcoin. In 2017 Bitcoin reached an all time high and so did majority of alts.
Coming to 2021 ETH is in way better position then most other altcoins. Just go and check coinmarketcap for the top 50 and you will know.
The reason why ETH pumped in 2017 was because by the end of the year altcoin season started as Bitcoin dominance went down. In 2021 it is yet to start as Bitcoin is still pumping and still dominating the market.
agree.Coming to 2021 ETH is in way better position then most other altcoins. Just go and check coinmarketcap for the top 50 and you will know.
The reason why ETH pumped in 2017 was because by the end of the year altcoin season started as Bitcoin dominance went down. In 2021 it is yet to start as Bitcoin is still pumping and still dominating the market.
if you compare the price of bitcoin and ethereum it is very different because ethereum always follows the price of bitcoin. Sure enough, in 2017 a new altcoin season will arrive but the price of bitcoin has started to plunge deeply and caused the ethereum price to drop very deeply.
and I agree, this year the altcoin season has not arrived and the price of bitcoin is still stable at $ 40k- $ 35k, this has the potential that ethereum prices will soon catch up with bitcoin.
February 07, 2021, 06:01:44 AM
LOL, you need to learn about cryptocurrency. currently, there is no altcoin as good as ethereum. If you see the difference in price, you call it a scam, and I call it an opportunity. however, it happens to almost all altcoins. If you want to be safe, then you have to stick to bitcoins. I think many do not agree with this statement.
February 07, 2021, 04:39:38 AM
With a gas price $20 a transaction, all the smart contract (specially defi) are non functional. The ETH have no choice than crashing their own currency to keep it working.
Stable coins are already moving to new smart contract blockchains, they are buying now in order to crash the ETH very soon.
If ETH continues to go up, then it will become a sub Bitcoin trading only currency, which I don't think will work.
Stable coins are already moving to new smart contract blockchains, they are buying now in order to crash the ETH very soon.
If ETH continues to go up, then it will become a sub Bitcoin trading only currency, which I don't think will work.
February 07, 2021, 03:30:34 AM
ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.
2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000
If you stayed in ETH you have lost more money than Enron. ETH is a scam.
There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.
ETH has gain a new ATH now and yes there are crypto that is really good for long run that would give you a huge profit just like BTC,2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000
If you stayed in ETH you have lost more money than Enron. ETH is a scam.
There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.
That is why you need to choose wisely where to invest for long term hold not every crypto is great for long term investment and it is the same for short term investment there are seasonal crypto so better clear up your mind when investing,
Are you investing for long term or for a short term to gain fast profit.
February 06, 2021, 10:40:15 PM
Ethereum is good for investment if the high price of a good currency increases the price of etherium has increased a lot compared to the last few years. Ethereum like bitcoin could break its highest record if the market does not crash the amount of token fees has increased many times due to the increase in the price of currencies. The future of Ethereum is going to be much better and even if the price goes down, it may go up again.
there is no doubt as to what happened to ethereum or bitcoin. we already saw how ethereum suffered a very strong fall. some have left but those who believe have certainly benefited from his patience and trust. it is only a matter of time. when the price goes up there will be a decrease, so it will continue. we just need to take the right moment. February 06, 2021, 09:47:21 PM
The price of ETH now is really crazy, but I'm not sure ETH will return to the $ 500 price it was in 2017. maybe ETH will go up again. even if it goes down it's only a minor correction so don't expect 2017 to happen again this year. because it is very unlikely
Lol why is that? If market crashes again ETH would be at $80 again easily. And Bitcoin maybe $3500.
Of course now its changed a bit as theres more interest in crypto so maybe new low for bitcoin would be $10k and for ETH $100. But you have to see ETH also have a lot of problems. Like dApps and Tokens are completely useless with $100 fees. Can call an Uber to transfer your tokens and its cheaper.
February 06, 2021, 12:29:11 PM
So you are yelling because eth does not growyh as you expect ? Crypto does not work like what you though and probably you did jot fit this world. Ethereum going high in 2018 because it is the first time ccoin which can create other asset with it, but if we see ethereum now at $10k the gas fees will be insane and make this people wont use ethereum anymore and choose another network like Binance smart chain or polkadot.
February 05, 2021, 01:42:07 PM
ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.
2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000
If you stayed in ETH you have lost more money than Enron. ETH is a scam.
There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.
2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000
If you stayed in ETH you have lost more money than Enron. ETH is a scam.
There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.
2018 was a very good year for the crypto world, and I regret it, because I am not very active in the world of crypto,
therefore 2021 is an opportunity for crypto investors to invest, but before investing in crypto, make sure you really analyze
the coins you want to invest, and this is the time
February 05, 2021, 03:38:54 AM
what advice are you giving to replace ethereum? Personally, I really like ethereum, and have made a fair profit from the coin. well, comparing 2018 with this year is not wrong. however, the situation at that time was also different from today. however, I still believe in ethereum. if the price drops, I might come back to collect it again.
February 05, 2021, 03:22:00 AM
Its not the case anymore I think... These two leading the market right now is on their own league. They are still leading and still growing. Volumes are getting high rapidly especially on ETH knowing that ETH 2.0 is coming soon. This is what drives ETH more. People are expecting more out of it.
February 04, 2021, 12:49:26 AM
I really have no idea why you think ethereum is a scam because if you look at it well back in 2017 bitcoin ath was $19000 while ethereum was $1000 and we all know how dominant bitcoin has been in the crypto would and lets hope sooner rather that later we would have another alt coin season because ethereum already broke a new ath this month and there is no was its fraud and with the ethereum 2.0 i think eth2.0 would be faster and would also have cheaper sending fee
February 03, 2021, 08:56:31 PM
Different Layers, crosschain ect. Once developed and implemented there will be less fees and faster transactions.
Sure there will be better projects, but you dont need to reinvent the wheel.
If you want to make great gains, its not about ETH!
So what is eth about then for you? You made a pretty high quality post going into some details,
but as already stated last bullrun eth went to $1400 and then down to $80. I mean the only logical
way to hold eth forever no matter the price i can see is if you are Brock Pierce and got like millions
of eth and already sold a good amount. Then indeed at some point you couldnt care less if eth goes
down.
But I assume 99% of people on Bitcoin Talk arent Brock Pierce yet.
So your only chance really is go in low market cap projects if you want financial stability for yourself.
The kinda odd thing with this is even if nobody will ever dethrone ETH, then what is even the use of
Uniswap and all the Tokens? Which then also opens up the question whats the use of ETH with all
its altcoins?
Because as I see it right now store of value (bitcoin, and smaller projects with potential) and
trading are the main features of crypto. There is some percentage being used for payments
too of course, and some other things. And defi too like Nexo (for which you dont need ETH).
But all the other things like oracles/gateways to the real world are still being worked on and
still finding themselves. I think people would prefer decentralized solutions not just an eth token.
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