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$Ethereum (ETH.CC)$ blowing chunks.. went from a stud to a ...
$Ethereum (ETH.CC)$ blowing chunks.. went from a stud to a dud
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10baggerbamm : are you mad cuz you top ticked it the other day? because that's typically the responses of people that wait till the last minute fomo sets in they buy it and then it goes down on them and they get all pissed off at the world
topcing OP 10baggerbamm : naw... I just read articles and had firm belief this was not subject to wild swings... that's all
10baggerbamm topcing OP : we have to take a step back and look where a theorem was at the end of June beginning of July before the Japanese trade unwound the dollar again that created all the margin calls and all the text socks collapsed ethereum was taken down directly with it as well so Japanese were big holders of etherium and they dumped it.
if you look at the level that it traded in August September October it's flatlined like a dead person for the most part and then as Bitcoin traded up you would get periodic short-term rallies in ethereum and then they sold off again but people started seeing the channel that it was trading in and I think that's where they started to buy and that's when I did I bought the leverage ETF ETHU. I started to buy it in the high fours and then it rally to the mid-fives and I sold it and bought it back again and played ping pong a few times and then we broke out so the volatility is here and you need to look at the volatility as an opportunity to take advantage of.
if you pull a chart on ethu you'll see the volatility and you'll see where people are buying it at the dips are basically the same percent each time it's a larger dollar amount because ethereum is traded higher. most people that are Bitcoin holders directly or indirectly through ETS and majority of the analysts all have the same mindset that Bitcoin will be 150 + 1,000 this up and coming year some say 250 but let's say it's 150 ethereum is going to go up percentage-wise significantly more.. so take advantage of down days and add to a position. Rome was not built in a day Bitcoin is not over it's just getting started and etherium is going to go back to its old highs and much higher this up and coming year. many are saying minimum 6k the highest I've heard is 8,000 at this point
topcing OP : I'm just not in control of these across the board dumps. lost faith in the market