So what happens when this piece of absolute dog shit goes below 200
then it will be nice to see it going back to double digits and lower.
Fucking garbage is congested again from nothing.
It goes to 160 then stays there for a while before sub 100 then future contracts will push it on a run till about 400. Or you can make up your own scenario.
suicides
I buy
>fiat
late adopter spotted
le plebbit screams in agony and die a thousand deaths
there will be a pont of no return - when it just crashes $50 in 12 hours and 95% of all ICO raiser from last year will cut the losses for good. completly flooding the exchanges with ETH so that it flashcrashes to single digits for a short time till it correct and stabilizes to $30 or so for months with no price movement
oh, i forgot to mention, even as it craters everyday, tens of thousands of new ETH are printed into the glut, kek kek imagine unironically buying the shitball
>all this constant fud
shit bros, should I buy in now?
no you retard, you are supposed to short it to double digits
It's like reverse euphoria. The only question is how longer can this continue.
These price movements are weird, eth was there with btc as the top two (excluding tether and few microcaps) with lowest losses until August. Then something happened on no news.
I wonder what's the actual cause.
If my calculations are correct, when this baby hits $88, we're going to see some serious shit.
wait until it hits around 195 and then buy
unironically over the next month you should build your eth stack. things will get heated up end of october.
why do you think all of this fud appeared suddenly like a giant wave? im not talking only about biz brainlet. there's an organized media fud against ETH too.
HURR DURR user CONSPIRACY MUCH
check the tech crunch piece, coindesk fud again and various media sentiment.
bought 50 ETH @ $215 today, have a few orders for 190-203 too.
Wait...it's happening right now 8 dollars to go
free fall to sub $100.
>50 ETH @ $215
JUST
I agree with this somewhat. The FUD has been really overwhelming and nowhere near subtle.
if btc goes sub 5800, it's going a lot lower than 195 kid.
>he bought
>take out the final support before $150
double digits it goes as everybody panicks and we are i na bear market so no big rebound is possible...basically this is the end
stealing at these prices, you say?
>this is the end
This is really peak depression, which means it's probably a good buy point in the long term.
The actual cause are mainnet a going online for a lot of the ERC20 tokens who offered the same shit, so there’s increased competition in the space and the ERC20s wanted to dump before they got justed further. Dapps and Smart Contracts don’t work worth a shit with the network in its current state. There actually was some news from Vitalik about them delaying scaling solutions AGAIN for at least another year. There are plenty of good reasons that ETH is dumping and dying. Holo is stealing it’s thunder by offering everything ETH does (except maybe the security for smart contracts) but thousands of times better faster, cheaper, and more efficiently.
wow i wasn't expecting it to crater this fast ETH you exceeded my worst predictions AAAAAHAHAHAHAAH
>why do you think all of this fud appeared suddenly like a giant wave?
because btc went up and eth stayed down 10 times in a row by now?
are you absolutely retarded?
eth in the last 3 months is down 61%
btc 9%
well done, but you forget one thing: what everyone thinks will happen never ever happens
Everybody thought BTC would crash since January. That’s exactly what has happened.
BTC whales and bots have fought tooth and nail to keep it above 6k. ETH whales and bots have given up. This is the future of the entire market over the next few months. BTC is exhausting itself supporting the 6k barrier and once that falls we will see how deep the rabbit hole goes. Keep your buys close but until then stay far the fuck away from having skin in the market.
So are you saying eth is canary in the coal mine?
The scenario in which eth is flat (possibly at lower levels) but btc keeps dropping is plausible