Topic: This means bullish on long term (Read 144 times)
For long term Year On Year (YoY) there is really a growth and this is also true to most majority of coins as long as there is a serious dev behind it. There is always development, update and the community is always there to support the project. As long there are many quality dapps being made, Ethereum will grow.
Needed to share this to douse some tensions about those that have been very sceptic and are always spelling doom for cryptos, some people have been asking some naive questions such as "Will bitcoin ever survive?", "Is it over for etherium? ", "Will litecoin die eventually" and a so forth. Such kind of questions and topics are usually panic motivated and mostly from newbies irrespective of the the rank. I have replied in some of those many topics but decided to create this to help us relax our minds.
Here is what I have observed with some of the cryptocurrencies using established coins like bitcoin, Etherium and litecoin for this illustration. TA clearly teaches how to know support and resistance for every market period, and market periods can be in minutes, hours days months and even years, and the lowest price for each season defines its support.
To make this simpler, if you study the price of each coin on long term, one will discover that price has always been different from where is started and higher. For instance btc dropped to its lowest in 2016 at around $350, in 2017 it had it's lowest at around $1000, in 2018, we are not sure yet but seemed the lowest we have had is at $5900 and it is most likely we will have another lower which will be higher than the current low in the coming or after another bull season.
Etherium on the other hand had its lowest value in 2016 at $0.96, in 2016 the lowest was at $11 and in 2016 the price has dropped as low as $180, in as much as this may not be the lowest there have not been any predictions that the price will get lower than that of last year. Similar case applies to litecoin.
The price history of bitcoin particular, have helped to form some investment idea and strategy, most mistakes a lot of investors made was to have bought the top and never anticipated a price fall. To form part of an investment advice, timing is of essence, those who bought at relatively comfortable low will have better profit chances than those that bought at the top and for those who are always scared the etherium price fall means crypto crash please think again. This may be another opportunity for you to acquire some cheap coins as price may not return to this level in the next season.
Here is what I have observed with some of the cryptocurrencies using established coins like bitcoin, Etherium and litecoin for this illustration. TA clearly teaches how to know support and resistance for every market period, and market periods can be in minutes, hours days months and even years, and the lowest price for each season defines its support.
To make this simpler, if you study the price of each coin on long term, one will discover that price has always been different from where is started and higher. For instance btc dropped to its lowest in 2016 at around $350, in 2017 it had it's lowest at around $1000, in 2018, we are not sure yet but seemed the lowest we have had is at $5900 and it is most likely we will have another lower which will be higher than the current low in the coming or after another bull season.
Etherium on the other hand had its lowest value in 2016 at $0.96, in 2016 the lowest was at $11 and in 2016 the price has dropped as low as $180, in as much as this may not be the lowest there have not been any predictions that the price will get lower than that of last year. Similar case applies to litecoin.
The price history of bitcoin particular, have helped to form some investment idea and strategy, most mistakes a lot of investors made was to have bought the top and never anticipated a price fall. To form part of an investment advice, timing is of essence, those who bought at relatively comfortable low will have better profit chances than those that bought at the top and for those who are always scared the etherium price fall means crypto crash please think again. This may be another opportunity for you to acquire some cheap coins as price may not return to this level in the next season.
Jump to: