Etc prospects. Review of the Ethereum Classic (ETC) cryptocurrency. Ether classic after fork

Over the past 7 days, the price of Ethereum Classic has increased by more than 100%. ETH/USD quotes hit $14 and are now trading above $30. Will such spectacular growth continue, and how can you grow profits using future movements?

The demand reversal zone controlled by the bulls was at $14-16 and buyers were very interested in this zone. This is evidenced by the long shadow left after the hard fall on December 22, 2017 (yellow area on the left in the screenshot below). This shadow indicates a strong imbalance in the direction of buyers, and as you can see for yourself, after a retest of this zone, the price flew off, heading into the sky, or rather, straight to the supply zone located at the level of 43-46.

It is this area that will be a strong resistance for the Ethereum Classic rate in the future, and it is there that you should record your profits from purchases. Anything below the supply zone is bullish territory, and purchases will be dominant in the long term, which means you need to buy ETC while it is above $15-20.

Entry on a pullback: looking for a favorable entry price

Exactly. No one is going to enter at the very top of the price movement, but since the trend is in full swing, we will hit the weak points of the price. Weaknesses - counter-trend, rollbacks in a trend, which have much less strength, but can be long-lasting. Be that as it may, the price may encounter the resistance zone at 32 and go into a countertrend all the way to the $25 zone. It is at this semicircular level that it is worth making a purchase.

In general, for the future: entries on pullbacks in trend are the most profitable. Think of the trend as bonus, and kickbacks in it - discount to bonuses.

Entry on pullback, with the expectation of a continuation of the upward trend:

• buy order open at level 23-26;
• stop loss set above level 22;
• take profit set it at level 45;
• coefficient risk/reward in this situation it is 1 in 10.

Transaction deadline: from 11 to 23 days.

Stop loss. Don't forget to protect orders stop order in any of the strategies you choose.

Transaction journal. An integral part of a successful trader is keeping a diary (journal) of transactions. By recording your trades in one place, you can not only keep track of your finances, but also track the productivity of order execution. Leading your own gives you a multiple advantage over those who don't.

From the moment of its appearance, the classical type of Ethereum fell into the traditional system of unity and struggle of opposing opinions, known since the triumph of the ideas of Marxism-Leninism, as dialectics. At the same time, traditional followers of the main currency present Ether Classic (ETC) as the complete opposite of ordinary Ethereum (ETH), which has correction functions during operation.

As for the supporters of the “classics”, they advocate that the finished system cannot be changed during its operation, with the exception of eliminating obvious bugs. All this is reminiscent of a discussion between representatives of one religion, when some are in favor of innovation and are renovationists, while others are categorically against it, and they are conformists.

By the way, we will draw attention to the fact that both followers of numerous cryptocurrencies and supporters of no less numerous religions are united by one feature, namely faith, which is not backed by anything material.

However, we will not dive deeply into the philosophy of the discussion between believers in one of the variants of two-faced Ethereum in order to figure out which of them is right and who is wrong. This will take quite a lot of time. But this is not the purpose of this publication - our task is to give an objective description of Ethereum Classic tokens. They can be briefly characterized as tokens without hardwork capabilities, although their very appearance is a hard fork of Ethereum.

Our goal is to tell you whether this conformist cryptocurrency is promising, identify the drivers of its growth, if any, and make a forecast for 2018.

Ethereum Classic rate and trading features

At the time of writing the forecast, this cryptocurrency has a positive trend of +8.23 percent with minimum and maximum daily trading indicators of $34.10 and $42.14, respectively, and with a total volume of all trading of $722 million 221 thousand during the day.

If we analyze a larger graph of growth and exchange rate correlation, then approximately starting from December 5, we observe the formation of the so-called 5th wave of growth for this digital coin, if we apply .

At the same time, the period of correlation is clearly visible in the triangle figure that formed on the chart, which means at least two scenarios for the development of further events:

1. If the price continues to rise and the triangle figure continues to move up and forward, then to enter trading you need to choose a moment no later than $43-44 before the predicted target of $46-47. At the same time, the stop loss mark is most likely at $45;
2. If the triangle begins to turn downwards, then in order to enter short-term trading you need to be at $34-33 before the forecast price decline of $31-30, then the stop loss needs to be set at $32.

Using the triangle, it is very convenient and effective to navigate trading, especially for those who use Ethereum Classic for long-term order, especially since we can secretly say that this cryptocurrency has good prospects. However, more on that later.

Key ETC Principles in the Declaration of Dissenters

In order to find out the prospects of this cryptocurrency, you should refer to the Declaration, which was published by the Ethereum Classic development group, which consists of seven points, but we will pay attention to only three of its aspects:

1. Morality aspect. The developers of Ethereum Classic called on their followers to pay attention to the negative consequences of hardwork, including in the moral sphere, because in addition to technical shortcomings, as a rule, there are elements of fraud in hardwork. Therefore, they call not to completely abandon regular Ethereum, which is becoming a tool for scammers, but to join a separate community with its own set of moral values;
2. Strategic aspect. Competition within Ethereum supporters leads to opportunities for profit, as both the first and second camps of supporters, as they say, “vote” with money, which leads to an increase in the capitalization of both ordinary and classic Ethereum. Here the competition is not aimed at suppressing an opponent, but at supporting the project of one’s own choice. In other words, to paraphrase Vysotsky’s song, you can sing like this: let my fellow singer not kill you at the common table;
3. Loss Value Aspect. The fact is that every new day is in some way a lost opportunity. In this case, in the words of Peter Todd, who is a member of Satoshi Nakamodo’s team, one of the Bitcoin developers, that he greatly regrets that he did not buy Ethereum Classic tokens at the time, and this loss became an additional line in the list of lost opportunities of his life.

A classic of the genre for 2018 – the emission of the Ethereum Classic token

The growth rate for 2018 is based on restraining emissions. What does it mean to use a system of artificially increasing value due to a deliberate shortage of tokens, that is, creating a situation where demand exceeds supply. It has been noticed that the price of the cryptocurrency is growing after the next emission of Ethereum Classic is announced. For example, there were cases when the price rose by 65% ​​during the day.

On the one hand, this indicates the degree of high volatility of tokens, and on the other hand, that there are not enough of them on the market. And here it is unknown, as the popular song says, who is lucky. In this case, investors need to have a certain reserve in order to take advantage of such situations to obtain profitable deals, while it is more profitable for them to deal with long-term deals.

As for the bifurcation points of Ethereum Classic in 2018, most likely at the beginning of the year it will be $50, by the middle it will most likely be $70, and by the end, you see, the first $100 will loom. This will not be a straightforward, but a very contradictory wave ascent with huge gains and terrible losses for traders.

Ethereum Classic Forecast – Buy or Sell?

Therefore, our recommendation is to be patient. Token emissions add new volumes, which means that volatility will decrease, which means that the value will be less susceptible to correlation, which stabilizes the rate movement in the minimum ranges of the minimum and maximum channel.

And who can doubt that this is Ethereum Classic's bid for success in 2018, with investor support as well as continued interest from unique users? This is exactly the same “explosive” mixture that will allow you to declare Ether Classic loudly.

The modern platform for working with Ethereum blockchains has been operating on this market for only a few years, but during this time it has already undergone a number of changes and emerged into a couple of separately functioning areas. The operating principle of the classic and basic solution is based on one technology; the reason for the separation was a hacker attack and subsequent hard fork. Working with Ethereum Classic, the forecast for 2019 assumes a planned increase in the rate and attracting new potential clients.

The classic solution did not change the program code, and as compensation, the victims of the hacker attack were given the corresponding amount of previously earned cryptocurrency units. Preserving liquidity and support from the world's largest cryptocurrency exchange, Poloniex, allows us to maintain the competitive position of such a solution. ETC is also available for participation in trading on exchanges and exchange for real currency in the corresponding exchangers.

Ethereum Classic is compared mainly with its analogue of the same name, which is the wrong approach when choosing a cryptocurrency for everyday use. A potential client should pay attention to the growth dynamics of ETC over the past amount of time. The financial picture is achieved through investments from large third-party companies and the work of individuals and legal entities. Since the rate does not remain in one position for a long time and can change dramatically within a short period of time, this frees the hands of traders who make profits by trading cryptocurrency on exchanges and “playing” with rates.

Each owner of this type of cryptocurrency can immediately exchange it for real currency using specialized exchanges and automatic exchangers. Preliminarily study the list of available offers, which will allow you to identify the best tariff plan. High competition among private exchangers contributes to various promotions, which affect the reduction of the final exchange rate. Studying the preliminary forecast of ETC 2019 will allow you to make a profitable investment or exchange “Classic Ether” for real money.

What will happen to Ethereum Classic in 2019

The classic version of “Ether” has a number of advantages over its separated analogue. These points can serve as a good reason for investors to make financial investments:

1. stability of operation due to the absence of fundamental changes since the development and release of the project. The conflict with the hacker attack was resolved without interfering with the internal code of Ethereum. Developers are actively testing for holes and third-party defects that could contribute to unauthorized pumping of ether;
2. increased level of protection and support from the largest electronic currency trading exchange, which occupies a leading position in the field of working with cryptocurrency;
3. the planned emission, which will make the accumulation of ether more attractive and open up new opportunities for the rapid growth of the market exchange rate;
4. good level of liquidity, indicating the demand for the payment solution by users around the world.

The above factors open up new prospects for further development of the direction and large investments. A parallel analysis of changes in value over the past year also indicates a stable appreciation.

Will the rate increase?

Working with the Ethereum Classic cryptocurrency, the forecast for 2019 is favorable in relation to both the dollar and the ruble. Modern hardware and software make it possible to exchange modern electronic currencies with each other and for real money, and both Ethereum options are in high demand and can become a direct competitor to Bitcoin.

When considering whether the rate will increase, you should pay attention to the following factors:

• the classic version of Ethereum has received support from both the largest exchanges and miners around the world;
• banking organizations, telecommunications organizations, software manufacturers and other large companies are actively interested in the work of cryptocurrency, financing funds in this direction. The more investments are attracted, the higher the final exchange rate;
• although the program structure of the project has not changed, the planned issue has a positive effect on liquidity and the possibility of accumulating cryptocurrency due to its permissible limit and the difficulties of mining;
• the fork produced contributed to a sharp decline in the exchange rate with a subsequent recovery to the previous level with further growth;
• the unstable state makes Ethereum Classic popular for traders who have a positive impact on the final rate.

It is impossible to find out what awaits this cryptocurrency after the new year. The absence of a central governing body and guarantees of financial security can contribute to the immediate collapse of established value. A positive growth trend allows you to independently formulate a further forecast for growth and approximately set a possible course. A financial investment can not only be justified, but also pay off several times: since the release of this type of cryptocurrency, its rate has increased several hundred times.

How much will it cost by the end of 2019

As we have already found out, the forecast for the cryptocurrency exchange rate can only be assumed and only indirectly depends on external factors. Preliminary planning of the upper bound of the growth forecast should be made taking into account the following factors:

1. the activity of individuals and legal entities and the number of daily transactions they carry out;
2. concluding partnership agreements with large organizations and releasing additional software operating on Ethereum blockchain technology;
3. customer reaction to the ongoing fork and emission, which may affect the amount of Ethers accumulated;
4. analysis of the current exchange rate chart and its changes over the past year. By studying the information provided, you can catch the trend of sudden changes, which will be a favorable condition for traders.

It is difficult to pre-analyze how much it will cost. Financial specialists guarantee a smooth growth of the cryptocurrency rate. Considering what will happen to the system, it is worth noting favorable conditions for its functioning:

• Many third-party electronic wallets have been developed for storing ETC, guaranteeing complete data confidentiality and security of transmitted information. Personal data is not stored on the server, which makes it impossible to complete the process of restoring access to your personal account;
• third-party developers are developing appropriate decentralized applications that expand the basic functionality of Ether and simplify its daily operation;
• the possibility of exchanging for real money indicates the credibility and recognition of this type of cryptocurrency.

The year 2018 begins for Ethereum Classic with new rules, namely a fork that limits the emission of this cryptocurrency. The fork took place on December 12 and, apparently, the date at the end of the year was not chosen by chance. Forecasts regarding the future exchange rate of the coin are quite clearly divided into two sides. Some see positive dynamics in the future, while others see negative ones.

Those who do not believe in ETC tend to explain this by the lack of competitiveness of this coin among top cryptocurrencies or simply against the same original Ethereum.

People with more optimistic views believe that the fork, which limited the emission, was a really good signal warning of the upcoming active growth in the value of the cryptocurrency.

It is worth noting that there are many more who believe in the growth of Classic. Their opinion is supported by the positive trend that the fork led to. Using Classic before it was unprofitable when compared with the original Ethereum, and limiting the emission can significantly increase user confidence.

The fork, one way or another, will greatly change the future position of Ethereum Classic. Based on this, two periods should be predicted: immediately after the launch of the fork and in the long term.

Let's consider both periods in order:

Ethereum Classic immediately after the launch of the fork

Many investors are following this cryptocurrency, but here too a division can be made into two sides. Some investors are going to sell their existing coin reserves and are just waiting for the next jump in the rate in order to extract as much profit as possible. They are afraid of further changes in the rate and do not want to stay in this crypt for a long time. Other investors are buying up Classic in the hope of further growth, by which time they will already have a certain number of coins.

Most analysts are inclined to believe that Ethereum Classic will be able to show growth to $45. This position is considered in this case to be a psychological level, upon reaching which the coin will successfully grow further. After this, according to the same analysts, a correction should occur, which will lower the price to approximately $30. This will be followed by continued growth.

These assumptions are so far coming true and Ethereum Classic is following exactly this course. Now the volatility of the coin is gradually decreasing, which allows us to expect real price jumps in the near future, which the market expects.

Ethereum Classic in the long term

The main reason for the growth of this cryptocurrency in 2018 will be the limitation of emission. The restriction will certainly lead to an artificial rise in price of the coin, because a shortage will be created. This will lead to the fact that the market’s sentiment towards the coin will influence the price. This means there is no doubt about the growth of the exchange rate.

As for the prospects, not everything is clear here either and there are several opinions. Calculating subsequent growth is very difficult, because now the system has not yet fully learned to exist in the new conditions, which involve limiting the issue of coins. This restructuring will continue to influence the future of the coin for some time, but sooner or later Ethereum Classic will adapt to the new rules.

It should be noted that the value of the cryptocurrency increased by approximately one and a half times in one day after the news of the fork. Based on this, we can say that the currency is quite volatile and does not have very high trading volumes on cryptocurrency exchanges. Many believe that investors should think about creating a special reserve that could smooth out such violent reactions to events that happened with cryptocurrency. It is worth considering Ethereum Classic only for long-term profit, since short-term investments, although they will bring a certain profit, will clearly be significantly less than we would like.

The maximum point that reflected the market reaction to changes in ETC was level 33. A rebound from this level is one of the marks that the coin will stand on its way. Then, as the standard laws of value formation suggest, the cryptocurrency will experience a wave ascent. Ethereum Classic actively responds to any changes in the system and trading volumes are growing daily, which leads to a constant decrease in volatility. As a result, the price will be less susceptible to changes and will gradually stabilize.

From all this it follows that Ethereum Classic has every chance of success in 2018 and can bring good profits. Cryptocurrency has gathered a community around itself that is constantly growing. It generates interest and strives to correct the errors that are inherent in it as a fork of the original Ethereum. All this allows you to hope for the best and expect a positive outcome.

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Greetings dear blog readers. Today we will talk to you about cryptocurrency Ethereum Classic which is actually original. Vitalik Buterin was able to found a truly revolutionary project that united not only traders and miners, but also a large group of developers who began to actively create various decentralized applications, smart contracts, and so on. Serious investors noticed all the potential that Ethereum brought to the masses and wanted to take advantage of it. An autonomous investment fund was created on the Ethereum platform The Dao, it had its own tokens, and its governance model was designated as completely decentralized. At one point, one of the users accidentally managed to find a vulnerability in the smart contract code, which allowed them to receive almost unlimited quantities of ether to their account. When news broke about the theft of tens of millions of dollars from the fund, there was severe panic on the exchanges, the rate of The Dao token and Ethereum itself literally collapsed. At the same time, the attacker’s wallet with the money from the decentralized fund was frozen, and in order to return the funds to investors, a very controversial decision was made to carry out a hard fork, that is, to create a copy of the entire network, but with corrected errors.

With this decision, Buterin instantly crossed out all his statements about the complete decentralization of his network, because the network had to function autonomously, all contracts had to be unquestioningly and independently executed without serious interference from developers. Vitalik Buterin and his team had to make a difficult choice between stealing five tens of millions of dollars and maintaining the myth of decentralization of their brainchild. In this case, it was decided to make drastic changes to the code to correct the situation. A serious part of the community supported this initiative, while the rest insisted on not changing anything and leaving the money to the hacker, who in fact did not hack anything, but only took advantage of a bug found in the smart contract. That is, it can be argued that this is not his fault, and the blame lies entirely with the developers who made this mistake, trying to rush to launch their project and make money as quickly as possible.

In general, be that as it may, it was decided to return the money to investors, a hard fork was carried out and Ethereum Classic was born, that is, the original Ethereum without any interference. On the exchanges it was assigned the ticker ETC, and the previous name was leaked to a new fork, which Vitalik Buterin’s team continued to develop. The new cryptocurrency was actively supported by both large cryptocurrency exchanges and speculators, who began a serious pump, as a result of which its capitalization reached a quarter of a billion dollars. Those who exchanged their ETH for ETC and just waited, made especially good money then; they managed to at least double their deposits.

ETC developers adhere to the “Code is the Law” ideology, which lies in the inviolability of blockchain decentralization, because only this can resist censorship and provide equal rights and opportunities for all network participants, and not serve the interests of any group of users. Smart contracts must be executed without any outside interference, without the ability to roll back any changes, the results of their execution, rewind time and replay everything. Here, only forks should take place that will actually eliminate the shortcomings of the network and improve it, and not correct the results of erroneous contracts, even if they were fatal for someone.

Prospects for Ethereum Classic

Many predicted a hazy future for ETC, that the price would collapse after the stolen ethers poured into the exchange and would never recover, but as we see, everything is far from so bad. Along with the pump, ETH and its brother also increased significantly in price, but still not enough, in my opinion. ETC developers will be able to easily copy the main ideas and innovations from Buterin into their network, and do this selectively. This leaves good wiggle room. You can read the main documents and plans of the developers on the official website of the cryptocurrency.

Now, in the fall of 2017, when all these events seem infinitely far away in the rapidly flying forward cryptocurrency world, a very interesting question remains: what will happen to Ethereum Classic next? My personal opinion is that it has room to grow, given the preservation of the idea of ​​​​the original Ethereum. I think it could easily match the price of the same without much effort. A number of large investors have already made it clear that they take the project seriously and will bet on its development. So the pump may well be just around the corner. It remains only to understand when. The project does not have any particularly big news; it is developing quietly and calmly. However, you need to understand that when the time comes for the pump, the news will appear and the active activity will begin. So we'll wait.

Ethereum Classic price chart

Currently, the price of the ETC coin is about $17, and the total capitalization of the cryptocurrency is $1.7 billion and remains quite stable. Here is the Ethereum Classic cryptocurrency chart:

How to buy Ethereum Classic cryptocurrency

1. To purchase, go to the official website of the exchange at this link >>

2. Enter your e-mail and complete registration:

3. Confirm your account by clicking on the link that will be sent to you by e-mail:

4. After logging into your personal account, we need to top up your account in the “Wallet” section using various payment systems. Such popular payment systems are available as: Payeer(), Perfect Money(), AdvCash(). Be sure to read on the blog, where I considered the possibility of profitable replenishment of the account with a commission of 1%, if suddenly the exchange charges wild commissions (sometimes they can reach extremely indecent 8-10%).

5. After replenishing the account, go to the desired trading pair. If you top up your account with rubles, then with ETC/RUB, if with dollars, then ETC/USD, if with hryvnias, then first buy bitcoins right there on the exchange, and then with the ETC/BTC pair. For the dollar option it will look like this:

Let's look at the cryptocurrency chart:

Next, we are given the opportunity to evaluate the cryptocurrency movement chart and make a purchase. We place a limit buy order, where we enter the desired number of ETC coins, the desired price and click the “Buy” button. We also have the opportunity to buy on the market, that is, to buy we will only need to enter the number of coins. and the system itself will buy the corresponding number of sell orders for you.

After executing the order, you will see information about the completed transaction in the chat window, and the coins themselves will appear in your “Wallet” section, where you can store them or withdraw them at any time. If you plan to store cryptocurrency directly on the exchange, which is undoubtedly convenient and allows you to make transactions at any time and also avoid the need to pay additional fees for input/output, then do not forget to enable two-factor authentication in the settings for security.