You can find a lot of technical analysis posts here but I'd like to take a shot at some important aspects of fundamental analysis for Ethereum Classic. Here goes:
Most of you who know me, I'm a strong believer in ETC Dev, IOHK and Charles Hoskinson which makes me a believer in Ethereum Classic. There's more to it than just that. I've followed ETC for a long time and it's one of the few coins that I believe is doing what it originally sought after which is to create an immutable, decentralized and transparent platform where code is law. Now, I'm not the kind of person who falls for words or fancy designs and stuff like that and I'm sure most of you ETC investors aren't either. I like to do my research and see what's going on. I follow ETC's Github regularly. I check their videos on Youtube and interact with reddit users who are more knowledgeable about the project. I'm an investor in ETC because I like the people, product and process.
However, this is not how it works for most in the cryptocurrency space. There are a lot of FOMO investors out there who will only pick something up if they see it spiking up. Right now, ETC isn't very trendy enough for them much like Litecoin was a few months back. Hey, look what happened there! The right kind of attention, at the right time and suddenly all these top traders are talking about it. People who didn't want it at $16 are buying it at $200! I could name many of my own friends! I personally didn't want it at $16 and I sure as heck don't want it at $200. However, I have my regrets. Regrets of not buying Ethereum at $16 when I had the chance. Regrets of not buying XRP at $0.06. Had I missed out on ETC, this would have been another regret. Markets are cyclical, the same things happen over and over again. ETC is next in line. This is going to happen right in front of you. I'm not going to say go ahead and fill your bags. I'd say do your due diligence. Sometimes there are good opportunities right in front of us but we ignore them because they aren't cool or trendy enough. One of these days ETC is going to be $200 or $500 and you'd be sorry you missed your chance when you had the opportunity.
“An opportunity is like train on the move. Once its doors have closed, it’s gone. But do stick around, another one is surely on its way, carrying with it better opportunities.” ~ ― Naide P Obiang
Most of you who know me, I'm a strong believer in ETC Dev, IOHK and Charles Hoskinson which makes me a believer in Ethereum Classic. There's more to it than just that. I've followed ETC for a long time and it's one of the few coins that I believe is doing what it originally sought after which is to create an immutable, decentralized and transparent platform where code is law. Now, I'm not the kind of person who falls for words or fancy designs and stuff like that and I'm sure most of you ETC investors aren't either. I like to do my research and see what's going on. I follow ETC's Github regularly. I check their videos on Youtube and interact with reddit users who are more knowledgeable about the project. I'm an investor in ETC because I like the people, product and process.
However, this is not how it works for most in the cryptocurrency space. There are a lot of FOMO investors out there who will only pick something up if they see it spiking up. Right now, ETC isn't very trendy enough for them much like Litecoin was a few months back. Hey, look what happened there! The right kind of attention, at the right time and suddenly all these top traders are talking about it. People who didn't want it at $16 are buying it at $200! I could name many of my own friends! I personally didn't want it at $16 and I sure as heck don't want it at $200. However, I have my regrets. Regrets of not buying Ethereum at $16 when I had the chance. Regrets of not buying XRP at $0.06. Had I missed out on ETC, this would have been another regret. Markets are cyclical, the same things happen over and over again. ETC is next in line. This is going to happen right in front of you. I'm not going to say go ahead and fill your bags. I'd say do your due diligence. Sometimes there are good opportunities right in front of us but we ignore them because they aren't cool or trendy enough. One of these days ETC is going to be $200 or $500 and you'd be sorry you missed your chance when you had the opportunity.
“An opportunity is like train on the move. Once its doors have closed, it’s gone. But do stick around, another one is surely on its way, carrying with it better opportunities.” ~ ― Naide P Obiang