Ethereum Blockchain price finally hit bottom. Now what?
Good point Dave, Maybe we should label our paragraphs for better presentation?
The last drop from BTC’s previous bubble pop took 14 months to bottom out before it ranged sideways for a few months.
We just started month 14 of this latest bubble pop. In fact each of the last 7 months we have closed lower than its opening. Pretty impressive run down.
Ultimately there needs to be enough buyer appetite for BTC to get going again, that of course can be created by various means,
I will be looking for signs of the next major bull run at the start of 2020 (if indeed we are going to get one)
Maybe 2022 will be a golden dream year to sell ?
Quite like this comparison, see the Tech stocks bubble…
One thing I’ve observed previously is with each bubble, the “pop” is longer in duration, as is the next rise.
Warning – lots of conjecture and belief sentiment in here…
I’m wondering if $3k area will be tested again this week?
That could put ETH back towards $90 (or lower).
The good news for long term BTC maximalists is that if Price Action keeps closely following late 2014 bubble burst then after a small DCB, we could finally see a huge capitulation event before the end of April which could mark the end of the Bear market and the start of ranging sideways (great for trading) for probably the majority of the year.
the last bubble pop finally ended at approx 88% retracement from the ATH, IMHO this time round that would equate to a massive wick to $2.5k, tempted to layer some “fire and forget” buy orders around there.
For when things get really crazy?
Major exchange delists more projects from its exchange..
One of these is now down a staggering 99% off its all time highs. Must of taken some nerve to HODL onto that one for the last 14 months.
This is the start of what I hoped we’d see as (I believe) we approach capitulation…
Will this fork generate some free coins? If so,when will they be delivered? I kept some ETH in a hardware wallet and still haven’t seen any.
Yes, they’re not exactly pleasant…
Recent picture in Paris… (Could be faked)
Skipr – other than it inspiring “watchers” to buy ETH @ $150 ($4800/32) for “white blood cells”, did you not distill any useful insights from the “techie” human body analogy above? Or if you prefer analagies, if that’s the US spelling (jk). But I’ll stop advising you to try and make any meaningful sense from that monologue in case I start sounding irrational…