FoxTrading

The altcoin bubble cycle

KRAKEN:ETHXBT   ETH / XBT
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46
With all the ETH madness going on last week it follows the classic altcoin bubble cycle pattern. we have seen many coins doing this kind of cycle like DRK and LTC. be careful buying eth here because if history repeats u will get rekt buying the top here.

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its true - buying at tops, new highs is always a risky proposition... but don't knock eth traders. many people made a killing last month ...
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u still think we have one more phase, one more bubble up?
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FoxTrading altcoins_trading
i expected that we would have dropped much lower and much faster than where we are now. ETH holding pretty strong so far and i havent seen the real panic yet. if we can hold here i wouldnt feel comfy buying at this price at all because it still went up way to fast. i am holding my short.
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And also thanks for the heads up.
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Very good prediction.
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The difference with the other altcoins is that ETH is backed by some big companies, plus it allows for really cool applications (e.g. slock.it). Of course there will be a pullback once the price goes too parabolic, but that's what trailing stop loss orders are for, so I'm enjoying the ride until then, and do believe in ETH long term, even though I'm not a fan of any of the companies backing it...
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vbuterin JeroenHouttuin
This time its different, isn't it !
+2 Reply
I like how you described stage 9 :)
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