Will the Ethereum price bounce back to its previous glory?
This question is haunting many of us. A lot of people's are also concerned about the current price trend of Ethereum and also some of the hate which is being directed towards Ethereum.
There are many different reasons for the fall of Ethereum. An altcoin who has integral quality and sophistication is bound to go through a correction one time or the other. If people thought that Ethereum would escape the correction criteria of an altcoin,they are either delusional or kinda mad.
The only minus point for Ethereum is that unlike the other cryptocurrenncies the correction is rather huge and its leading to some people losing their hope.
Another reason may be the large investors who we call as whales who are looking to prey on weak minded traders and send them into a selling frenzy.
People who firmly believe in the underlying value of Ethereum have nothing to worry about. After all, the value of Ether is still higher compared to what it was just under a year ago.
I follow two rules when it comes to cryptocurrenncy investments.
Firstly is to never choose a pump and buy a currency at the peak. Long story short buy on red and sell on green.
Secondly always be prepared to lose all your money in the cryptocurrenncy trading. Means invest only the amount you are happy to lose don't invest your entire lifes earning.
So there is no reason to believe that Ethereum will not recover. But when it will recover it's a topic entirely for another day to talk.
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