Every trader/investor is currently looking at this chart and thinking that $ETH is massively underpriced. They are all just waiting for the first move to enter. FOMO will be insane.
Serious note : I'm sitting here down like 10 million today and fine. If your scared/hurting, this is the game you signed up for.
You didn't sign up for a fun ride to the top. You signed up for 1+ year of financial russian roulette. You need to be comfortable as the gun clicks.
You win here by staring down the barrel and laughing when everyone is tapping out. This is part of the game gents.
There's no making money EVER without doing something other do not want to do. Holding and buying this crap when it's ugly/uncomfortable is the part most will NOT do.
You don't make money WITHOUT this part. This pain/fear is where the HUGE inefficiencies in the crypto market that we rely on for profit come from.
The requirement of the bet has always been holding through multiple 50%+ and even 70%+ retracements in alts.
Just check BNBs chart from 2019-2021. It crashed 70%+ multiple times on its run up 100x+ from lows.
This is the DEFAULT. Do not react with panic to what literally is to be expected.
There was NEVER a form of this bet where you don't hold through deep scary moments. If you believe in your initial bet, then this is part of it. If we lose and this is the top so be it, let the roulette wheel finish spinning <3
TLDR : Get on TRT you pansy ass bitch.
Just keeping it real, this speeds up my timeline for selling long term positions this cycle.
I can mentally accept leaving gains on the table way easier than not viewing this as a cycle red flag.
Everyone is ignoring ETH ETF, that will be a hype cycle for a bit. Wallstreet is greed, they will use that instrument to juice everything they can get
ETH hasn't hit ATHs & ETH ETF hasn't really had its "hype" its almost ignored, which in fact should be huge for having the etf
Right now the AI Cycle is confined to a specific niche
But soon it will spread to EVERY crypto narrative
AI DeFi
AI Gaming
etc
AI, just like crypto, will be strapped to everything we touch
Lock in
SUPER CYCLE
blockgraze(@blockgraze), who made a profit of $8.6M(7,439x) on $WIF, deposited all 1.5M $WIF($4.56M) to #Coinbase after holding for 8 months.
He spent only 20 $SOL($1,156) to buy 7.4M $WIF on Nov 24, 2023 and sold for $8.6M, a 7,439x return!
https://t.co/JeFf9yQGFe