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chebding
Nov 8, 2019 5:51 AM

ETCUSD Long

Ethereum Classic / DollarBitfinex

Description

Irrelevant - focus on ETCBTc
Comments
Zenter
What is your target for ETCBTC?
Zenter
chebding
@Zenter, *Please don't give any merit to my theory, it's an amateur opinion.* - I'd say a $10 PT would be ideal with potential for more. However, ETCBTC looks like a short to me, so that USD PT will be heavily based on BTCUSD appreciating and ETC's ability to maintain it's current SAT price. I think there are fundamentally stronger coins to invest in, like LTC or ETH. However, diversification never hurt anyone. Keep in mind coinmarketcap's BTC dominance. When BTC rises and hype follows, those BTC are theoretically spent on ALTs, boosting the SAT and USD price of those ALTs.
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