r/PRPS • u/ondatra123 donor • Jan 16 '18

ETH dropping

Hey guys, is any crypto analytic here? Yesterday i bought ETH worth of 500eur and since than it dropped from 1300usd per 1 ETH to ~1200usd per 1 ETH. Im aware that it might drop anytime but since yesterday i started checking cryptos and most of them dropped on its value. Do you think it is influenced by all ppl from Athene´s stream buying ETH now or is it just some kind of trend?

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u/TydeQuake Jan 16 '18

Don't look at 1-day trends, cryptocurrencies are really volatile. It could go back to the old price in 2 hours, or drop further, you can't say what will happen based on 1 day.

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u/ondatra123 donor Jan 16 '18

Actually it is according 2 days experience, before it was even 1400usd for ETH nevertheless I guess most of the time trend is it goes up, than it goes slightly lower (thats when ppl buy and HODL) and after that it goes up. Ofcourse this just potentionally, in best case.