Let's be honest. Valuations are higher. ETH and BTC are way higher.
"high" is just a meaningless adjective here. higher warrants a comparison. what price are you comparing these to?yes ETH is worth much higher than it really should be.
no BTC is far less than it really should be worth.
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For ETH and BTC the price is a function of adoption.
true.but you should break down that adoption to see what it really means.
for BTC adoption means 2 different groups.
1) new investors who saw the potential and the good performance so far and have invested to get rich over night. these contribute to the rise a little but will never sustain the rise because they will dump and cash out as soon as they reach their desired profit or as soon as a FUD is heard or a dip happens.
2) the real adoption. which is all those people who see bitcoin as a currency (on top of being an investment). all the merchants that have been adopting it as a payment method for example.
for ETH the adoption means 2 groups:
1) the same as 1 above, those who thought they can get rich over night and will dump as soon as they get their profit or the price recovers because they bought in a bubble.
2) those who want to participate in an ICO. and this is the worst thing. all these little buys push the price up and all gather inside 1 pocket, a pocket that will dump these free coins on the market eventually. and when the ICO scam season ends this type of demand which was 90% of the price rise will be eliminated.
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If you look at the metrics you will see that ETH went up together with increase of ETH adresses, # of transations etc. Same with Bitcoin.
no it is not at all the same.the price rise created a FOMO feeling for ETH which causes a rise for a short term and it disappears just as fast. and most of the people who invested are currently in a loss. they mostly went down to -50% loss and they have recovered back up to -20% now. this is the performance that majority have seen so far in the past months.
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For the rest of the coins is soo hard to tell if they are worth holding maybe apart from a few privacy coins. At current I don't think owning any coin apart from ICOs, ETH and BTC is wise.
you don't know any because you have never looked. you just saw a coin being hyped and you are probably one of those who bought in the bubble and currently is in a loss, that is why you can't see anything else.i can name at least a dozen coins that were profitable in the past week alone and this is the trading board you are in by the way.