Disclaimer: I own ETH
And I also own a lot of other digital currencies.
But unfortunately, I think many of us have temporarily forgotten why we bought ETH in the first place. (Read: "Psychological Effects of Fake News")
See, you either believe in the technology, or you don't. All the fear, uncertainty and doubt, that has ensnared the psychological well-being of investors, is actually pretty funny. ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ)
Do you remember when Vitalik Buterin spoke with Vladimir Putin about Ethereum?
Or do you remember the user-error "flash crash" ?
Do you recall gullible new money giving away ETH for tokens without a real product behind them?
Do you remember the FUD over Vitalik getting in a lethal car crash?? (it's decentralized, fools)
Do you remember Augur, and Golem - wait for it.... GNOSIS?
I don't know, to me, this FUD is out of hand. I mean, about $20 BILLION left the market TODAY.
That same $20 BILLION - was once in ETH, with a market cap nearing that of Bitcoin.
No, I think someone(s) is about to get real rich, and I'm sort of surprised it hasn't happened yet.
I also think that 'rich' is relative - and if everyone who actually believed in ETH doubled-down, we'd own the market. And eventually, with Sharding, and Casper, we just might once POS is in place.
But who knows, maybe we'll keep sliding down. Then, once it's low 'enough' - cue the buying frenzy.
I'm basically buying all the way down... across the board. Except maybe Antshares, because fuck them. (You're still cool if you have ANS - I just couldn't deal with it any longer)
What do you all think is coming? Are you buying? Giving awa--- I mean selling?
Let me know!
Let's get some conversation brewing and earn some cheap STEEM :)
Looking at the market right now like.
@royschuh literally yes.
massive blood bath.. hahaha.. sale day, i hope it still slides.. to 1000$ per BTC then i ll buy ether or dash.. and steem
haha @trisun ! yes. it was a sale day. And that's the BEAR in you! What if it never went lower again ?
Buying ETH nowsss and pushed current holdings to LTC and DASH. Holding pretty steady versus the rest.
Hey @everydaycitizen - that sounds like a strong move. I did somewhat the opposite, had a good run with LTC so I rolled a large portion of mine into cheap ETH ... still stacking DASH though, too :)
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good call @bola - Ether has much to look forward too..
low prices are the best time to buy. If everyone sells in a panic it will only drive the prices down... or at least that's what my commerce education has taught me... lol
so true @andreanoronha ... it is truly all supply and demand, and hopefully the demand kicks right back up! buy low sell high! but don't sell low, like right now :)
I think it could be a fun time to buy, everything feels so cheap ! (cough EOS cough)
hahaha... precisely. I saw BTC fall quite a bit and bought some more. I just hope the prices rise soon. lol
Buy Low, Sell High= Best mantra for speculators and investors alike.
I think that's a great call! As much as I love ETH, I am also a BTC maximalist ... I like to believe the two can peacefully coexist :)
And yes, a great mantra.
That's why it is so crucial to keep good records of transaction history !
uh huh... lol. I hope I don't regret my actions... lol. There is a great future for Cryptos I'm not too worried... but the recent downtrend has me confused tbh... lol
Me too, I think it's directly related to BTC segwit and ICO overload... I think we will come out higher than ever, eventually ;)
Hahaha... yea xD all this is new to me. Never invested in anything before. It's kind of exciting xD
Love this & btw your pics are badass! @mikev
Hey @awarenessraiser ! Thanks!! You are awesome.
I bought 5 eths at 350$ a piece, then 4 more at 280$, and I'm buying another 2 more since it's under $200. This is just a minor set back for the future ethereum has to offer in my opinion. Only thing I would do differently is maybe in the beginning not buy as much eth and buy some litecoins on the side. I'm going to hold my eth for a very long time!
bless you @hammy - your patience will pay off. building a position like that over time can be a very effective investment strategy. keep lowering that cost/ETH average !! :)
and yes, LTC has proven to be quite strong these past few dips.
honestly I'll probably end up buying more LTC tomorrow.
surely, we need to get some Steem
hey @swssmarketing ! I definitely considered trading into my largest Steem purchases ever today...
tomorrow should be interesting. I am hoping for some that old-fashioned volatility :)
This post received a 5.0% upvote from @randowhale thanks to @mikev! For more information, click here!
wow, @randowhale FTW
all hail @randowhale
great to post,,good luck.
thank you @zacly ! :) likewise to you!
are you an ETH holder ?
I would buy if I had the cash ๐
Ah yes, even a little bit at these prices is quite a bit of ETH :)
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hey @steemking ! thanks! :)