The market is not looking too bad today (right now) :)
I think I'll always have a slight negative bias influencing my thoughts which I should try to get rid of :) (Just because I was around when the previous bitcoin bubble deflated!)
RE: So I had to buy back in... :/
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So I had to buy back in... :/
everyone started to buying after that massive growth and when it started to fall down a little every one sold and this led to the Crash eventually and there after it has not stabled itself.
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Agreed.
I would just be quite surprised if it stabilised at the current levels. Most bubbles have a very similar look, I.e., it eventually stabilises a lot lower than the highest point it reaches (but we may not have reached the highest point yet!).
Alternatively, perhaps this not a bubble at all (!) and we're just going to see steady growth year on year (a bit the like the stock market), but I dunno. Personally im a bit sceptical about this possible scenario ;)
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some predicting it to be $10,000 and i am like Whattttttt !!
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When people give crazy predictions for bitcoin im always very sceptical. Reason being, the mining. It requires a huge amount of money to be spent by new buyers ever day just to just maintain the current price (in order to pay for the cost of mining) ... don't know the current figure but wouldn't be surprised if it was something lik $10million per day.
I believe ethereum currently requires even more money just to maintain he current price (but if they stick to approximating the current reducing payment schedule due to the so called 'ice-age', this will start decreasing more and more).
But the game-changer for ethereum is when they switch to proof of stake (assuming they eventually do!). Just my personal opinion, but I believe that at that point the sky could even be the limit! ;) (Although if something like EOS is successful then that could somewhat dampen things for ethereum long term prices).
Anyway, i'm personally determined to try to be back to holding as much Ethereum as I can in the run up to the switch to proof of stake :) I do not want to miss out on those $10000 prices! ;)
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you are a Pro in this cryptoworld ,well i am too holding eth and hope its good for a long term investment , you gave some brilliant insight thank you so much i was not aware about this much.
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Thanks for your kind comment!
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Well i am blessed to meet you here on steemit would be looking forward for more of your content and Insights .
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