Warning: Cardano can drops to 0.5$ and Ethereum to $800 - page 3.

Shasha80

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Quote from: bittick on May 31, 2021, 02:41:45 AM

Doubt that, many people valued ETH above 1000 dollar and anything below that will be easy buy for them and that's also not an exception for me. Remember although you may consider my statement bullshit but institutional investors actually prefer to invest in ETH because they see its promising future of decentralized apps. with Cardano i don't really know but ETH at this point is already reaching really large audience and even if you consider how much eth needed to execute smart contract it's very obvious that the demand will not lacking in the future, people who says nope today will say i regret in few years.

Ethereum is the king of altcoins, meaning that the demand for Ethereum must be very high. That way more and more people will buy Ethereum,
I also doubt Ethereum can go down again to the price of $ 800. That's why when Ethereum dropped below $ 2000 a few days ago, it can now
quickly recover by going up again to $ 2400. Cardano's performance is almost the same as Ethereum, which Cardano has also experienced
a very drastic price increase this year, I doubt Cardano will ever drop to $ 0.5 again. In conclusion, investing in Ethereum and Cardano is very profitable.

bittick

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Doubt that, many people valued ETH above 1000 dollar and anything below that will be easy buy for them and that's also not an exception for me. Remember although you may consider my statement bullshit but institutional investors actually prefer to invest in ETH because they see its promising future of decentralized apps. with Cardano i don't really know but ETH at this point is already reaching really large audience and even if you consider how much eth needed to execute smart contract it's very obvious that the demand will not lacking in the future, people who says nope today will say i regret in few years.

numanoid

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Quote from: lxiaoh on May 29, 2021, 10:51:27 PM

Quote from: numanoid on May 29, 2021, 08:37:32 PM

That's even a great news. If the price goes lower i will be much happier than now since i can buy all promising coins with cheap price, don't want to let this opportunity gone like 2018 when i can buy $88 worth of a ETH.

Wow, buy ETH at $88 in 2018, that is fantastic, i can't help but ask at what price did you sell it.
Haha, i make a mistake, it turns out that you are just like me, also in 2018, looking at cheap ETH and afraid to buy it, i am a idiot.
Anyway, i will not let this opportunity slip away again if the end just like OP say.

Nope i didn't bought it. That was my regret until now as you can see ETH even reached $4000 and now it's still above $2000. Even though i sell it on current price, my investment already x20 just by Hodling.

bluebit25

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Quote from: feelideb on May 30, 2021, 11:43:34 PM

When there is a sudden drop in prices of cryptocurrency, there seem to be more reinforcement for people to sell! A huge drop like 50% will devastate anyone and some will rather cut their loses! I hope this is just a bear trap otherwise , we are in for a long ride of lower prices of cryptocurrencies

I like your optimism, but to be honest no matter how the market moves, I don't feel it's a problem. I'm not like a lot of people in this market, they just came in for an uptrend but when it's over they don't know how to look for another opportunity in the market. That's why I see this market it's always new to a lot of people, I know people who have been in this market for many years, but they don't understand the problems in this space and I see them. I still don't understand anything, and I personally feel that I am still too small compared to my knowledge of this market.

slaman29

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No need for the warning, in fact I think the warning should be put to historical context.

Remember, the ATH for Ethereum in the last crypto rally was $1400. And it fell all the way to below $90 TWICE. Not even 10% of ATH.

Now 10% of ATH is just over $400. $800 is very possible believe me.

dogtana

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I think it is more wishful thinking and greed than a warning.

feelideb

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When there is a sudden drop in prices of cryptocurrency, there seem to be more reinforcement for people to sell! A huge drop like 50% will devastate anyone and some will rather cut their loses! I hope this is just a bear trap otherwise , we are in for a long ride of lower prices of cryptocurrencies

adaseb

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Remember the people back in 2017 who didn't think BTC would ever go below $10K again? Remember the people who didn't think ETH would be double digits? When there is greed everybody wants $100K bitcoin and $10K ethereum however you need to understand that the sentiment changes here every week pretty much.

So yes its possible for ETH to go to $800 however most likely if it does, will you buy more? Most likely you won't because you will think crypto is dead, everybody is leaving crypto and that it will never hit ATH again. Instead you will buy most likely at the ATH if it ever reaches it again.

Point is nobody can prove what will happen. We might of topped in April, we might top again later in the year, or we might top again in like 3 years in another cycle. Or we might never top again and this was the peak of crypto.

Amejoaquim

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I hope it will happen again so i can buy more.

If it's really happen it will be verry bad for those people who bought ETH or ADA in highest price.

Because if the price drop untill $800 like what you said it will verry bad for their mental health.

7788bitcoin

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Quote from: charlieargentina on May 29, 2021, 04:46:10 AM

We saw what happended in 2017 on the market dip. People say that now is different and now instutions involved and this bs.
We see the last dip 50% and its not even a bear market.

If we hit a bearmarket all the cryptos go down again.

The market has changed considerably with each rally and this is the third rally and we are now controlled by huge institutional fund houses and so is the reason we are seeing huge rallies unlike we saw in the past and the problem with these fund houses is that they can book their profit anytime and move out of the market and when that happens the market will go down and when that happens expect the entire market to fall badly.

Woodie

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Are you a whale trying to trigger some sort of panic selling in the market to get cheap coins??

For starters what are you basing your prediction on, like you said this time it's different we have institutional investors and more players in the market, a drop in price will trigger more buys to push price higher and let's not forget there is a limited supply to go round so this will trigger demand.

Saisher

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Quote from: charlieargentina on May 29, 2021, 04:46:10 AM

We saw what happended in 2017 on the market dip. People say that now is different and now instutions involved and this bs.
We see the last dip 50% and its not even a bear market.

If we hit a bearmarket all the cryptos go down again.

Opinions?

I still don't want to compare 2017 to our situation now, the trend may look like it, but there are many factors that can sustain the price of the market, we are half the year and it's too early to give up and feel the market is in the bear trend, take the situation as an opportunity to add more coins to your portfolio you'll not regret it, there will be a big rebound before the end of the year.

retreat

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Quote from: charlieargentina on May 29, 2021, 04:46:10 AM

We saw what happended in 2017 on the market dip. People say that now is different and now instutions involved and this bs.
We see the last dip 50% and its not even a bear market.

If we hit a bearmarket all the cryptos go down again.

Opinions?

I analyzed the history of the market and saw that a bear market was always there, however a bear market is not eternal, a bull market will definitely come. cardano and ethereum are good cryptocurrencies, feel free to buy when the market is bearish.

asriloni

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I do believe the price range of bitcoin will be around 30k - 40k so many people have been speculating there will be another down for crypto but remember that the next day can be different with what happened with bitcoin and crypto in the past consider the fact that there are lots of institutional investors came to the crypto and that was making the support is much more stronger than before.
There are lots of FUD these days about the price drop that will happen with crypto. I personally think that we already reached the bottom.

Tytanowy Janusz

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"Warning: Cardano can drops to 0.5$ and Ethereum to $800"

Cardano can drop to 0.0001$ - around 5 mln $ marketcap because that's the true value of startup with unfinished product that did not deliver anything in past 4 years while whole market was push forward dramatically. Everyone develop and deliver great stuff. Cardano is busy making promises.

Someone once said that in crypto it is better to not deliver stuff, because a promise is worth here more than product because if you see a product and its user base, you are able to estimate value, if you dont see product and its user base you tend to overestimate its future value.

southerngentuk

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I can only smile if this really happens to the market, at the moment I personally have great faith and optimism in the recovery of this market in the near future. Everyone will have different views on this market, even for current investments in this market I don't feel any pressure to get an early profit, because of the instinct in the market. This market helps me understand everything that takes patience.

lxiaoh

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Quote from: numanoid on May 29, 2021, 08:37:32 PM

That's even a great news. If the price goes lower i will be much happier than now since i can buy all promising coins with cheap price, don't want to let this opportunity gone like 2018 when i can buy $88 worth of a ETH.

Wow, buy ETH at $88 in 2018, that is fantastic, i can't help but ask at what price did you sell it.
Haha, i make a mistake, it turns out that you are just like me, also in 2018, looking at cheap ETH and afraid to buy it, i am a idiot.
Anyway, i will not let this opportunity slip away again if the end just like OP say.

ahsanif

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after the success of the ethereum 2.0 revolution and the achievement of all time higher almost a month, of course this is very worrying if the incident happens again. at least i expect ETH to stay and stabilize around 2k

cabron

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It becomes more volatile because the institutions are here trying to bet on margin which they could manipulate. If they bet the price to go down, they can make it dip so the bullish people get rekt and many of us are bullish.

Right now is seems very bearish already. I'm more curious as to how it would be when the prices really dip very low like BTC = $20K or $10K because if they decide this is going to be the bottom of it then they'd rush to buy forcing you to buy while the price is already $30k when you wake up. The whole word can really see how much BS the market is and that investors will leave crypto behind which is their goal.

numanoid

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That's even a great news. If the price goes lower i will be much happier than now since i can buy all promising coins with cheap price, don't want to let this opportunity gone like 2018 when i can buy $88 worth of a ETH.

Topic: Warning: Cardano can drops to 0.5$ and Ethereum to $800 - page 3. (Read 668 times)