The cryptocoin market is incredibly volatile, responding to the constant buying and selling efforts of currency traders to make the most of their mined and purchased coins. Because blockchain currencies are a government free medium of exchange, the strength of the crypto marketplace as a whole fluctuates with the stability of national economies. With this in mind, it’s no wonder why the price of Ethereum and its less voluminous siblings peaked in the last month and the recent downward slide is only a temporary dip in a rising economy.
Blockchain and the PBOC
The stability of the Chinese economy has a fairly strong effect on the trends in blockchain trading. This means that we will see the results of China’s struggle for stability reflected clearly in the price Ethereum. When the PBOC artificially floods the market, traders will turn their attention to the yuan for a while and the Ethereum price will fall. Because recent events suggest that the PBOC has not been particularly successful in revitalizing their economy it is very likely that we will see the yuan slip again and Ethereum price will be on the rise.
The Recent Dip
If you’ve been watching the legendary growth of Ethereum for the past couple of months wondering when there will ever be a dip to buy, the right time is now or very soon. Today, Ethereum is priced at around $250, a low we haven’t seen since early June. While the June 15’th dip took everyone by surprise, it only generated the ability to make about $40 per coin bought in the dip and sold immediately afterward on the 17th. Knowing as we do how popular the coin has become, this temporary downward trend can only be the first significant dip. This is your chance to buy Ethereum at under $300 each and hold on to them for the next peak.
A Continued Rise
Let’s face it, the world is not currently on the path toward greater peace and stability. Between the PBOC, India and Pakistan skirmishes, and the entire Syria situation, things are likely to get worse before they get better. While this may be bad news for people involved, traders tend to invest in cryptocurrency during times of international instability. As tensions, hostilities, and ‘test’ missiles continue to rise, so too with the price of Ethereum.
Long Term Planning
For digital currency traders looking toward the future, now is the perfect time to invest in some serious infrastructure. Ethereum is here to stay and the price is lower than it’s been in weeks. This is a great opportunity to buy the dip, then make serious cash on the next big spike. For those worried about the growing international unrest, things like bunkers, solar panels, and satellite internet connections are not that expensive in the grand scheme of things. A few successful Ethereum trades could have you safely underground, on a boat, or high above it all in a reinforced zeppelin. Of course, you could always just reinvest in Ethereum, which is becoming a new globally acknowledged currency.
In the currency markets, people are always waiting for their golden opportunity to buy a temporary dip in a growing currency, and no digital currency is growing faster than Ethereum. Whether you’ve been watching the Ethereum price for months or just got into the game, the recent downslide offers blockchain currency traders a chance to buy in before the next jump. Smart trading is a combination of intuition, opportunity, and patience.