r/ethtrader•
Sensualities

I've been with ETH since it was 7 dollars. Here are my thoughts.

STRATEGY

Many people are very, very fickle. They want to go long on the upswings and go short on the downswings. People want to make big money, fast. When we were up, everyone was screaming buy. While we are down, everyone is screaming sell. This is not the end. Close your computer, grab a beer with a friend you haven't seen in a while, sit back and enjoy life. Crypto is not going anywhere. Me personally? I really, really wish I could buy more. Why? Because i'm not here to swing trade or daytrade cryptos. I'm in here because I see ETH going up over time. And especially around the 100-150 area I think is a fantastic time to buy while we still can. It may not be a month or more until we break this downtrend who knows. But all I know is that ETH has been out for 2 years and nearly surpassed the founder of blockchain technology itself that has been around for 8 years. If that doesn't tell you we have at least SOME kind of future, I don't know what will. It's very easy to focus on the prices of these things because they are so volatile. But you have to realize, am I in this because I want to make a quick buck or because I want to see this project come to life?

It's funny that when we were going up so high that everyone started giving investment advice and everyone believe in ethereum. Now that we are going down (for no fundamental reason I might add), suddenly everyone is bearish and eth is useless. That is far, far from the case.

The thing is, all this fiat money that inflated the value of crypto in general, where did it go? Back in fiat? Sure. But you have to think, if all this money went into crypto and people realized these huge gains, now that it is flowing out, what makes you think all that fiat isn't waiting to buy back in again?

Markets work in boom-bust cycles. And what we are witnessing is simply that. Even though we have drastically declined, we are increasing awareness and the next wave we experience will be much much bigger than this one.

So don't panic, don't doubt, just go out and live life and check the charts every now and then and realize in the end, 100 dollars, 200 dollars, and higher will be worth it when this project comes to it's fruitions.

Posted Jul 16, 2017, 9:48 PM UTC

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