What do you think of this? Tech analysis compares ETH curve with bubble hype curves and predicts further crash by katythompson

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ethereum · @katythompson · Jul 20 '17 (edited)

$2.09

What do you think of this? Tech analysis compares ETH curve with bubble hype curves and predicts further crash

![Screenshot 2017-07-20 08.57.04.png](https://steemitimages.com/DQmayZveEnJAaZ94fdXJsLtL4Q7bzYrYFnrh4eNUfU1rGCX/Screenshot%202017-07-20%2008.57.04.png)

What do people think of this analysis? comparing and contrasting the rise of Ethereum to date with shapes of tulips and tech stock and other bubbles?? Very interesting video and food for thought before everyone piles in though of course I hope it is wrong and the market climbs!

Here is the link from a couple of days ago:
https://www.youtube.com/watch?v=Y2KK-h60JvE

The follow up video from yesterday is here:
https://www.youtube.com/watch?v=1uCbcjCJUas

👍 katythompson, jackhircus, hgmsilvergold, tata.lucette, radlerjan, jackthar1ppir, zacksilver, bosjaya, trendgiver, dangwallt, jorawar, calvin87, hotsauceislethal, caseym, dianclasher, missjinjing, harshit.satija, neneliz

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@blazing · Jul 20 '17

damm now that is more confusing.

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@dangwallt · Jul 20 '17

$0.50

I've spent the last couple of days playing around in Bittrex with a few different altcoins, and I'm slightly down at the mo. It's hard to see much of a pattern across the board, though I get the feeling that there are quite a few people doing much the same as me, and investing without any real interest in the coin, just looking for quick bucks. Which is making the whole thing very unstable. I tend to feel that Bitcoin is safe, Ethereum I'm less sure about, and security of investment drops off pretty quickly once you get below Ethereum's level of capitalisation. In part because a small amount of investment can have a massive effect on the less capitalised coins...
Not sure if that's much help on Ethereum in particular though! :)

👍 katythompson

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@katythompson · Jul 20 '17

that does make it a bit unstable as people investing when it is high compared to the $11 it once was may jump scared if it starts to tumble.  Not sure whether ICOs will bail any more if it continues to sink or most have taken a lot of money now and will wait for the value to return - anyone have a view?

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@dangwallt · Jul 20 '17

Not sure if it's a factor, but I noticed yesterday while playing that a couple of recent ICOs that launched available in ETH only can now be bought in Bitcoin and other of the more developed coins. Might this diversification be part of what's driving the price - less demand? My observations are only based on a couple of coins that I looked at, so entirely unscientific! Anyone got a larger sample to work with? :D

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1 reply

@hotsauceislethal · Jul 20 '17

$0.65

I feel like ETH could drop to $100 again, BUT don't discredit the support that new ICO's will contribute in maintaining the price levels over time.

👍 katythompson, o1o1o1o

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@katythompson · Jul 20 '17

Upvoted. I think the ICO factor has been magnifying the market massively in both directions. Makes it a complicating factor in trying to work out what will happen.

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@jackthar1ppir · Jul 20 '17

$1.04

I'm always curious to see what happens...the beauty of crypto is the heavy influence that the community has on dictating the direction on how the crypto performs.  Ethereum will only crash if the sheeple get scared and make it crash :)

👍 katythompson, good-karma, feruz, esteemapp, bounties, steempoll, demo, tipping, mysteem, satfit

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@katythompson · Jul 20 '17 (edited)

$1.33

Yes good point and I upvoted you with a tip- I see lots of people voted for your comment which is great .Can we get a discussion going here please? Can the other voters come back and chime in with their thoughts? Thanks...

👍 katythompson

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@jorawar · Jul 20 '17

$0.56

Nice post, upvoted and resteemed.

👍 katythompson

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@katythompson · Jul 20 '17

$0.56

Thanks jorawar

👍 katythompson

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@jorawar · Jul 20 '17

@katythompson Please do me a favor and upvote my latest post, if you wont mind.

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@zacksilver · Jul 20 '17 (edited)

$0.50

Fantastic. Upvoted and resteem

👍 katythompson

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@katythompson · Jul 20 '17

thanks - and your thoughts on it?? Would be good to get a discussion going here..

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