Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: troll on September 08, 2018, 11:56:14 PM
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An opinion worth sharing
There is too much negativity around the price of Ether right now. Let’s talk about some facts.
In January, the price of ether dropped from its all-time high of approx. 1300 USD and it is currently trading in the range of 220 USD losing approx 83% of its value FROM ITS ALL TIME HIGH. Many people are complaining about this huge price drop and areloosing faith in the Ethereum ecosystem.
However, the ETH bull run started around the beginning of 2017. On Jan 1st 2017 the price of ether was 8 USD. From Jan 2017 to it’s all-time high ETHER increased in value of approx. 16250 % ( during this period of time bitcoin increased approx. 650% ).
Such an increase of 16250% leads to price correction and the time has come for ether to correct. How much low will it go? No one knows but one thing is for sure: if you believe in the ethereum community (one of the largest community in the world) and in the technology just hold and buy more if you can afford to do that.
At the moment, there are two working smart contract platforms: Ethereum and EOS.
EOS is said to handle hundreds of thousands of transactions per second. Maybe yes. However, in order to create one EOS account you have to pay 2–20 USD which is unacceptable. Besides, on EOS if you want to run a DAPP (decentralized application), you have to buy RAM, stake some money on CPU and bandwidth. In simple terms, at the moment EOS is too expensive for DAPPS which have to handle millons of users. Hence, EOS is not ready to scale up due to the network high costs.
I would still stick to Ethereum because the community proved to be mature and again, it is the largest crypto community in the world.
-
An opinion worth sharing
There is too much negativity around the price of Ether right now. Let’s talk about some facts.
In January, the price of ether dropped from its all-time high of approx. 1300 USD and it is currently trading in the range of 220 USD losing approx 83% of its value FROM ITS ALL TIME HIGH. Many people are complaining about this huge price drop and areloosing faith in the Ethereum ecosystem.
However, the ETH bull run started around the beginning of 2017. On Jan 1st 2017 the price of ether was 8 USD. From Jan 2017 to it’s all-time high ETHER increased in value of approx. 16250 % ( during this period of time bitcoin increased approx. 650% ).
Such an increase of 16250% leads to price correction and the time has come for ether to correct. How much low will it go? No one knows but one thing is for sure: if you believe in the ethereum community (one of the largest community in the world) and in the technology just hold and buy more if you can afford to do that.
At the moment, there are two working smart contract platforms: Ethereum and EOS.
EOS is said to handle hundreds of thousands of transactions per second. Maybe yes. However, in order to create one EOS account you have to pay 2–20 USD which is unacceptable. Besides, on EOS if you want to run a DAPP (decentralized application), you have to buy RAM, stake some money on CPU and bandwidth. In simple terms, at the moment EOS is too expensive for DAPPS which have to handle millons of users. Hence, EOS is not ready to scale up due to the network high costs.
I would still stick to Ethereum because the community proved to be mature and again, it is the largest crypto community in the world.
I tend to agree, the price is overcorrecting as well from shorts on bitfinex from whales.. the sad part is I don't even think this is the bottom yet.. but I wouldn't hesitate at all to start accumulating in these positions and laddering buys down... nothing has fundamentally changed about Ethereum.. EOS isn't anywhere close to where ethereum is right now as far as recognition or people building on top of (although it does have a lot of scams which I don't like)... people will want you to believe that ETH is old technology and dead but often times the superior product doesn't have the highest market value.. don't be fooled.. consider buying eth!