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RE: Big Big Moves

in Discovery-it2 days ago

I know. It's pretty rough. I am trying not to let it bug me too much, but I really wanted a big win this cycle. I didn't know you were heavy into ETH as well. I see a lot of bad stuff about it lately, but I think it's just haters and FUD. I think it still has a lot of potential. Ray seems to be pumped about it... :)

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It does, but it also has the same negatives as ever. The high fees just aren't getting any better. And we've been reminded too many times recently how centralized it is. I agree with you, I think it still has a lot of potential, but I can also see why the market is cooling on it.

I probably won't buy too much, but I have some alts over there, so I want to be able to move things if necessary when the time comes.

Probably good long term. Short term... I don't know. I go back to what I have been saying on Hive and off for the past few months. The stock market is crazy high. Major bubble. The S&P500 is right up against that line of resistance produced by the 1929 high (before the crash) and the dot come high (before the crash). Trump's idiocy is really testing things... it already could pop at any time. He is not helping. If that pops, everything is going down a lot, including all of crypto.

Long term I think we are good, but shortterm I think we may have pain to come. All the more reason to just not look at prices, except maybe to buy ;) For example, if Hive drops under .20, I'm buying a ton of it.

That's my buy point too.