Wait
Bought at 360 🙁
u got screwed ;) Pyramid is getting collapsed.
Thanks . That's very reassuring .
what was the peak?
Maybe 399 or 400
420
i plan to buy some at 220-230 range, and then buy more if it drops under 200. my feeling is that most people were rushing into the market and used up a majority of their cash on their initial buy. so i dont see anything stopping this fall unless it catches a strong tailwind from a series of buys.
Bounce back will be equally explosive
Why, though? It doesn't seem like there's anything to produce significant upward pressure if speculaton doesn't pan out. Even at it's 40% reduced price now, it seems really hard to justify a market cap of 22 billion dollars.
Any recommendations for where to buy ETH?
Coinbase
kraken is good as backup, coinbase is down often these days
BTW anybody used this GDAX thing ? What exactly is the difference between using that vs just using buying/selling option on Coinbase?
So just trying to understand this, but what's the rationale behind this valuation of ETH? What intrinsic property of the commodity will cause the price to rise?
Both coinbase and kraken are down for ETH. Anywhere else I can buy?
230 now... been steadily declining all weekend.