Am I the only one that's currently buying (and profiting) but at the same time getting frustrated with the fuckers that are manipulating the price of ethereum?
maybe am wrong but their stupid experiments are starting to piss me off. Is the small people just starting the ones that get hurt.
Mine is the moral outrage of being lead to behave as a scavenger on the bodies of good people.
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Do not get angry, the ethereum will go up :). I will follow you because you are lucid and intelligent.
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It's just there's a lot of new people getting on cryptos everyday and they are the one's that lose so those millionares can benefit. Thanks for following me and you are right one must keep one's cool at all times.
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so i got in when the price was sky rocketing due to fomo and being a completely newbie on crypto let alone trading, I think it was probably the worst possible time.. My intention is to hold and since it's for the long term, should i not be too concerned of the recent crazy dips ? -_- ;
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Mate if I can be of any help. Your thermometer is the market capitalization. All the coins behave according to this. right now is descending at a 95° angle which means it could go back at least by 30% more. It could take at least 6 months to recover. Holding is a good strategy if you can wait at least a year. Try to accumulate numbers of crypto not price. Sometimes taking a loss to buy cheaper is the wisest thing. Consider Maidsafe (older than bitcoin not on blockchain and with less variation)
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Thanks for your comment @ertwro I am definitely committed to hold for more than 6months, a year, 2 yrs, 5 even,given that it's still there 😵. I'm already tempted to buy more now since it's hitting rock bottom, but I used up most of my pool of funds stupidly during that crazy peak, of which I originally committed to put aside for this crypto game... Sigh..
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This is how illiquid markets work. The best strategy for small fish in small markets is to build and hold. If you try to "trade" a cryptocurrency, with how illiquid they are, you're going to get burned. Once hedge funds and deep-pocketed investors got interested in cryptos, it was the end of trading for anyone who's not a millionaire. So, I'd recommend that you determine a firm entry and exit price over the long-term and stick with a buy and hold strategy. Otherwise, you're going to keep getting frustrated, especially if Ethereum's network fails to scale, which it probably will.
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No, I've been profiting. Mine is a moral outrage. The problem is that this excess is killing the market that could spread enormous well-being across the world. I feel like a Scavenger.
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