Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Adrian on September 25, 2018, 10:44:18 AM
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I just want to start a discussion on the current eth value.
eth has been existing for quite a long time now. a few months ago nearly no one (in germany for example) knew about eth, it was a minority who did and who did big earning during the course increase since the very first beginnings. while eth hit 1k in may / june of this year the media startet heavily to jump on that train, for example facebook was flooded by eth news. most of them very euphoric. from friends and what i've hear all around a lot of people who don't know anything about cryptocurrency started to invest and they did decent earnings due to the further price increase of eth.
but - will this lead to an bubble? all those people investing and knowing nothing about crypto? don't know how to pay? how to deal with forks - or what forks even are?
will this together with the high transaction costs - and therefore no usability of bitcoin as a daily payment currency lead to an heavy decrease in value?
and will the altcoins decrease as well as they are highly correlated to the bitcoin value? what is your opinion?
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Unfortunately I think that at least 70% of people that invest in crypto don't really know the project/coin they are investing it and they choose that one only because tey read on forum or someone told them that "this is a good coin/ICO/project". Most of them don't have a long term view when they invest so they are scared in period like this when market is red .
In my opinion ETH is still the best coin actually available with a strong project and a good #DevelopmentTeam .
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I does not think that ethereum is overhyped, with the supports from most of the ICO generating coins from ethereum and many developments lining up in making ethereum a better and competitive altcoin in crypto industry.