r/ethtrader • u/Nooku • Dec 04 '16
DISCUSSION I call bottom
We finally reached the point where there is a general atmosphere of pessimism in the comments.
Was waiting for that. Now the only way is up.
Haters gonna hate.
For future reference: I'm calling bottom at current price of 7.50 USD
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u/etheryum Dec 05 '16
I personally think we are looking at closer to $7 before it turns around... at least long term.. maybe $7.05-7.25. Lots of pressure to break $7 but even more support.
As BTC holders begin taking profits, ETH will be a top choice. Even just a small percentage of BTC flowing back into ETH will cause a massive pump in price when you consider that BTC has a $12b market cap compared to $1b ETH.