RE: Ethereum Classic (ETC) Target $61.03 (85% Profit Potential)

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Ethereum Classic (ETC) Target $61.03 (85% Profit Potential)

in bitcoin •  7 years ago 

If you have been following the analysis of Haejin you would notice that he is many times very precise. What he does is Technical Analysis and what you are talking about is called Fundamental Analysis. Many coins dont have a good dev behind and people still investing.
You want a time frame also? This is a prediction, not a crystal ball

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You're right, what he does is technical. I'll guess I'll start posting my own Fundamental analysis :). Also, don't invest in coins just because other people are, currently anything that says cryptocurrency in its name is blowing up, as people want to be there for "The next bitcoin".

Of course, this is the same kind of thought that will make the market crash, make no mistake, this IS a bubble and the best way to avoid (most) losses is to know wether a coin is inovating or just copying.

A few examples are:

  • Bitcoin: First cryptocurrency (innovation)
  • Ethereum: First one with smart contracts (innovation)
  • Monero: First one with privacy by default (innovation)

So even after a crash, all these have real world usage and thus have real world value and make a great long term investment.