(repost)
Ok guys it's time to admit it Ethereum and Bitcoin are invincible. If these past two months of rises isn't evident of that then look ahead toward what the future can hold. BUY NOW WHILE YOU STILL CAN!!!
There are many people who have adopted this opinion and it's not out right wrong, but nonetheless it is a dangerous opinion because it has been created by emotional attachment to the market trend.
To understand what I mean by that we must first look back into the basic principles of investment. We are in a bull market and while it's ok to buy into bull markets ideally the investor wants to buy into the bear market when the asset is undervalued.
Now while this assumption fails to take into account many factors such as maturity of the market/ asset or outlying factors. It is a good rule of thumb to uphold.
With Ethereum rising so high it is imminent that a bear market is approaching. The million dollar question is it's timing. For example Ethereum could rise so high that when the bear market comes down it doesn't even touch the highs of today's times as its lows. On the other hand the bear market could come faster then expected as prices go up thus causing a panic among investors who then sell a solid asset because the price has sunk.
What I'm here to tell you is it doesn't matter where the market goes hold on to your Ether and when that bear market comes if it drops to 200 dollars (hopefully) buy more and be happy you can buy your assets for cheap!! Don't panic and act on emotion. Know that economic trends are a healthy balance and signify that everything is going the way it should be. Impatience and impulse is the key to failure in this game.
To understand this one must first understand basic market trends. So I'll explain, when the market starts going up rapidly in what is called a bull market more and more investors invest and this increases value and increases until a certain point. Then the investment starts to fall off because the assets are too expensive and people instead of investing may look for profits or an event can generate a massive selloff. This is the beginning of the bear market. Once the asset goes down into the bear market this stimulates investment because many people who saw the asset rise now think "wow that was so high a couple months ago now I can buy it for cheap" and thus the cycle continues. This is healthy folks and we should invest accordingly.
My suggestions for Ether now are as follows: it looks like we are still in the middle of the bull market so buy while you still can but dont go crazy. Leave room for a bear market possibility where you could save money and invest in that market. Most importantly invest enough to not get caught behind. Ethers maturity is still young so even in the bull market it could be undervalued because of it's potential.
Anyways that's all I have to say on that. Thanks for reading.
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Cheers :)
I am having deja vu all over again.
Pleonasm
Sorry for the repost and the wordiness thanks for your feedback guys new content was just added. Cheers :)