Ethereum hasn’t done too well over the past year. Since peaking at $1,400 and nearly “flipping” Bitcoin, the cryptocurrency has embarked on a steep downtrend, shedding a large majority of its value as demand has tapered off.
In fact, one ETH is now valued at under 0.02 BTC — a level not seen since the pre-ICO bubble levels, which is crazy to think about.
Related Reading: Veteran Investor: Demand For ‘Psycho Crypto Currencies’ Good For Gold Prices
To make matters worth for Ethereum bulls, the community has been slammed by its critics — namely Bitcoiners — and competitors to the platform have been propped up, like EOS, Cosmos, or Tron.
But, one cryptocurrency venture capitalist is arguing that should history repeat itself, now may be the optimal time to invest in ETH, no matter what sentiment is like.
Crypto Twitter Tensions Flare
Over this past weekend, tensions have flared between members of the Ethereum Twitter community and the broader Crypto Twitter.
The spats seem to stem from a presentation from Michael Goldstein, who had a bit of fun bashing “nocoiners” and “s**tcoiners” at a Bitcoin-centric conference on the weekend. In that presentation Goldstein, the President of the Satoshi Institute and a prominent industry commentator, explained how one could “meme Bitcoin to the moon”.
The post Ethereum Price Has Best Risk-Reward Ratio Ever: Crypto Venture Capitalist appeared first on NewsBTC.
Reviewed by Eugene D
on
August 21, 2019
Rating:
No comments: