Whales are busy accumulating Ethereum, but Analysts claim it’ll fall. - page 4.

Febo

legendary

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Quote from: Juggy777 on May 19, 2020, 09:20:39 AM

It’s been reported that whales are busy accumulating Ethereum and other crypto’s, but Analysts are also busy claiming that Ethereum prices will tank and I feel those Analysts are wrong.

Etehreum is already used a lot and price of ETH is high. So there is big chance it use will stay where it is or decrease. With that price will stay same or decrease.

LogitechMouse

legendary

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Ethereum is on its way from a POW from a POS and additional features which can change the coin completely.

I would like to keep some ETH in my wallet because I have trust into this coin already. These so-called analysts are saying this because they are either covering up the whales or they just don't know the news or the development regarding Ethereum.

Overall, I think this is the time for ETH to rise. Its development is under way so I believe that if this will be done, it will spike for sure.

slaman29

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Reddit is already pretty big but I don't think this will push Ethereum up in price. I mean, remember Tether migrated to ETH too, and there's no other thing used or transacted more than USDT right now so what happened to price? It grew when BTC did but it also tanked hard, despite the huge volumes thanks to USDT.

ETH 2.0 has to come first and has to meet expectations.

krb91

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Analysts more often than not speculate without taking any action, investors and whales know that there is money to be made by accumulating ethereum and hodling. We know that prices tend to move the opposite direction of the herd anyways, so I'll be accumulating in anticipation of the rally.

crwth

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Maybe it could go back to the ATH? Maybe once BTC resides or becomes stable in price, ETH would take over. It's not an impossible thing but I think it will take time. I see a lot of news regarding this situation so maybe there are a lot of people who will accumulate and possibly buy more ETH.

There are always contradictory views with what could happen but eventually, we will see who prevails and the important part is, what will you do about it?

I would probably invest some into ETH because it's on a discount compared to the ATH. Maybe, it's time to do it too.

TheUltraElite

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So anyway, I applied as a merit source :)

Even if reddit is accumulating ether, what is the purpose of doing so? Do they wish to become a point of leverage for balancing the market is price of ethereum tanks in future or it is just a marketing stance to make their social media more popular?

Point is that this may lead to a temporary gain and then a fall back to organic prices because this is an inorganic growth if someone is really accumulating ethereum. The analysts are always right and wrong at the same time, if you know what I mean, their job is to give "white lies". Nobody can really predict that it will rise or fall unless they predict a time period with it as well, which they will rarely provide with their "analysis".

Farma

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I don't know, we don't know what plans they have. this might be their way to panic people and sell the ethereum they have at a cheap price. in fact, they also adopted ethereum despite speculation that the price would go down. as far as I think, the price of ethereum will go up, and I prefer my opinion over the opinions of others.

Bitstar_coin

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Rise and fall is part of the market, this we already know from years of being part of this space, it is nothing permanent, even if eth suddenly fall in price according what the op describes, it will find it's way back up, between if whales are accumulating it is logical if they want the price to fall so they can fill their bags, nobody wants to buy high and sell low,
Analysts always make their own predictions but sometimes it doesn't tally with the market so it is not a big deal, market will eventually determine price.

Latines

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Personally, I always put ethereum in first place. I invest in Ethereum, I have never invested in Bitcoin and am not going to. So when I read that ethereum will grow. I say “I knew”, although in fact I did not know anything, I simply believed.

bgaf

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Quote from: $anounimus$ on May 20, 2020, 12:22:48 AM

Only analysis and prediction of experts in seeing the development of ethereum prices, many other supporting factors are needed along with in-depth studies related to the above. Look at the halving moments a few weeks ago, the results are also different from what is described means the value cannot be predicted accurately and we also hope that prices will get better in the future after another big moment.

I dont velieve on those predictions by experts. How many did they tell the people through social medias about price hike on such date. Even prediction on bitcoin during halving, there are so many analyst thought that it will skyrocket but it did not right? There is no such thing as accurate prediction. The problem with the people is how being affected by hype and fud for certain period of time.

But if you will look on long term goal, you can see that ethereum is one of the best asset that is relied by many platform. Reddit decision to use their network is a good decision and can benefitted from both partnership.

$anounimus$

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Quote from: Juggy777 on May 19, 2020, 09:20:39 AM

It’s been reported that whales are busy accumulating Ethereum and other crypto’s, but Analysts are also busy claiming that Ethereum prices will tank and I feel those Analysts are wrong. The key reason why I believe those Analysts are wrong is because Reddit is in the process of adopting Ethereum, and due to Reddit’s adoption suddenly millions of Reddit’s users will buy/hodl Ethereum which in turn will shoot it’s prices upwards. What are your thoughts on those Analysts claim, do you think that they’re right and Ethereum prices will actually tank?.

Sources:

https://www.newsbtc.com/2020/05/17/fear-of-altcoin-crash-hasnt-stopped-ethereum-and-erc-20-whales-from-accumulating/

https://decrypt.co/29212/fortnite-players-love-reddits-new-cryptocurrency

https://micky.com.au/reddit-tests-its-own-eth-based-crypto-for-rewards-system/

https://bitcointalksearch.org/topic/ethereum-prices-can-tremendously-shoot-upwards-thanks-to-reddit-5240140

Only analysis and prediction of experts in seeing the development of ethereum prices, many other supporting factors are needed along with in-depth studies related to the above. Look at the halving moments a few weeks ago, the results are also different from what is described means the value cannot be predicted accurately and we also hope that prices will get better in the future after another big moment.

iv4n

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Quote from: Anonylz on May 19, 2020, 11:34:16 PM

Could be they are referring to fall before the rise! Analysts don't just predict off hand it is base on chart that they give their predictions, they are expert in their field (well some of them) but doesn't mean they can't be wrong as well, eth is a top project, if whales are accumulating is probably because of eth 2.0 and there is the reddit news, imo, if eth tank it will give opportunity for buyers to accumulate even more, no cause for alarm.

It must be, it's the same thing that we saw happening to bitcoin. First we are going to the moon, after first drop bitcoin is going to zero, and each time we witness any kind of rise or few dollars drop people get excited, and we have many contradictory topics in just few days!
If I need to choose between whales and analysts I will go with whales! Experts in crypto are new species, most so-called experts took that title based on time they spend in crypto, but being in crypto longer then others, having a bit more experience than others doesn't make someone an expert!
Ethereum is still good investment, people shouldn't be afraid of few fud articles, only you can do is to get ready, many more will come. Its never ending story, the bigger you are more fud will be around you, bitcoin is a good example for that.

SlimShadyMmp

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The Basic truth is to observe the market and then the general markets in the world Is not only ETH or BTC that are businesses and other markets are likely to affect crypto so my guess is price have shot up but then there will be some correction here and there before we move again

Anonylz

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Could be they are referring to fall before the rise! Analysts don't just predict off hand it is base on chart that they give their predictions, they are expert in their field (well some of them) but doesn't mean they can't be wrong as well, eth is a top project, if whales are accumulating is probably because of eth 2.0 and there is the reddit news, imo, if eth tank it will give opportunity for buyers to accumulate even more, no cause for alarm.

Lunatic_Pandora

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I'm no whale - but I'm slowly accumulating up to at least 32!

smyslov

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Quote from: Juggy777 on May 19, 2020, 09:20:39 AM

It’s been reported that whales are busy accumulating Ethereum and other crypto’s, but Analysts are also busy claiming that Ethereum prices will tank and I feel those Analysts are wrong. The key reason why I believe those Analysts are wrong is because Reddit is in the process of adopting Ethereum, and due to Reddit’s adoption suddenly millions of Reddit’s users will buy/hodl Ethereum which in turn will shoot it’s prices upwards. What are your thoughts on those Analysts claim, do you think that they’re right and Ethereum prices will actually tank?.

Sources:

https://www.newsbtc.com/2020/05/17/fear-of-altcoin-crash-hasnt-stopped-ethereum-and-erc-20-whales-from-accumulating/

https://decrypt.co/29212/fortnite-players-love-reddits-new-cryptocurrency

https://micky.com.au/reddit-tests-its-own-eth-based-crypto-for-rewards-system/

https://bitcointalksearch.org/topic/ethereum-prices-can-tremendously-shoot-upwards-thanks-to-reddit-5240140

If whales are accumulating any coin then we have a big reason to get in that coin, Ethereum is a coin that been badly maligned by these so called experts but it continue to be a great investment for investors, now that Reddit is behind it what could possible make Ethereum to go down, many network will soon support Ethereum.

Teraboy

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Quote from: Little Mouse on May 19, 2020, 11:03:39 PM

Will reddit adopt ETH or come up with a new coin? Not sure really, anyway, I think analyst are wrong too. ETH will rise in near future if your said reddit acceptance is true and there is eth 2 which may change the scenerio of ETH.

Those events may bring a huge increase to the ethereum and the result will be the opposite with the speculation that already made by analyst.

So many times the analyst has predicted about the bitcoin movement and mostly their prediction failed. This time these analyst create another speculation about ethereum.

i thought that it's better for them all to speculate for themselves.

Little Mouse

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Will reddit adopt ETH or come up with a new coin? Not sure really, anyway, I think analyst are wrong too. ETH will rise in near future if your said reddit acceptance is true and there is eth 2 which may change the scenerio of ETH.

meanwords

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Analyst here, analyst there, they always say something that is doesn't even close to coming true. To be honest, with Ethereum going for reddit too, a lot of people or potential investors might get introduced to cryptocurrency which will pump Eth price for a short-term. I'd just stay away from "expert" analyst because they will clog your judgement. Just observe Bitcoin price for now.

mahilchii

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ETH always follows BTC and I think it will disappoint us only if BTC price goes down, as far as I know the price of ETH will slowly recover and we cannot expect too much pump.

After a massive rally in 2017, ETH didn't prove it's capability however I still believe it will boom again. I am holding my ETH from many and I will still hold till it reaches my mark..

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