Leaving emotions behind, ETH technically is going bleed a lot like many other ALTS, thinking about buying back at 40 USD, if this Scenario happens i believe ETH is going to breakout ATH,
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I have seen the pump and dump whales use and abuse ETH holders for years — but now is different — 7 billion of DEFI is now directly dependent on ETH — until
That changes I do not see ETH below 500 — it can easily go to 1000 — especially now that it will be locked for staking with 2.0 and the yearn vault — I would normally agree that the whales would be ready for a dump — but I think this time you will need to wait until there is another viable BC with smart contracts — at this point the whales no longer run the ETH circus —
saamq
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@Kevynx i had a deep look at the price action, chart, volume and money flowing in crypto, i believe whales are distributing above 400$ , i have no interest reading the news as the chart is always one step ahead .. i earned a lot and lost a lot in crypto , from my experience i see ETH is topping and distribution is ON until new lows
Kevynx
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I don't think there is every a need to insult people -- but during the last panic crash a few months back -- ETH hit $86 for about 3 seconds and was back up to 100 in less than a minute. You can't even find it on many charts -- but I saw it.. Then ETH settled around 115 for around an hour ... So, with all that is going on in DeFi now and the BILLIONS tied up in projects dependent on ETH what rational justification could exist for this prediction.
saamq
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@Kevynx, yeah man we couldn't catch it at that price, i believe the good news always start to pop when stock at the top, that is giving the whales a great opportunity to distribute.. i don't know what will cause the dump but the timing of the dump will be after big players finish distribution.. i hope i'm wrong , btw i bought ETH at 182 and sold at 390 .. and hopefully we will get another huge chance sub 100
Machine182
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yes.. agreed. Dont buy any ETH until its 40 dollars.... ill wait for you on the moon, idiot.
saamq
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@Machine182 alright, another emotional, delusional, moon boy. I saw many like you when ETH was 1500$.. anyway i will never insult anybody for sharing their thoughts. Shame on you
That changes I do not see ETH below 500 — it can easily go to 1000 — especially now that it will be locked for staking with 2.0 and the yearn vault — I would normally agree that the whales would be ready for a dump — but I think this time you will need to wait until there is another viable BC with smart contracts — at this point the whales no longer run the ETH circus —