moonify

ETH rektness?

Short
moonify Updated   
BITFINEX:ETHUSD   Ethereum
Price below VWAP from ATL.
Fundamentally a broken project with scaling problems + noone actually uses any of the dapps that all these ico's produced.
Still many bagholders waiting to get rekt.
On the lin scale it looks quite good, but log scale puts it in perspective
If current support doesnt hold I would like to see what happens.
A good 92% drop is still very possible at this point. I would buy spot here....

Then again, support looks quite strong. lets see if it will hold up
Comment:
Still looks like shit. Lets see what this Constantinople bullshit that noone really understand or care about (just nerds)
Adoption is long way off, I dont know why the hell i would need ethereum. It doesnt solve any problem in my life, and im quite tech. That means it probably doesnt solve anything for 99% of the world either.
Could be wrong offcourse, but i wouldnt go long on this anytime soon.
Comment:
Lol funny that Constantinople is actually the main drivers for the last selloff
Comment:
2 years in and this is still very valid lol

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