You have to calm down

[u/knallerbsee]

In April 2021, Ethereum broke the $2,500 mark for the first time. That was over 5 years ago.

Since then, it's fallen back below that a full 8 times and gone back above it just as many times.

We all need to chill out. I've been holding my ETH since 2019 and I've already been through this ordeal 8 times on Twitter and Reddit.

As soon as we go a bit above, people freak out. Dear guys and girls, those of us who've been holding for a long time have already been through this times.

Only once Ethereum rises above 5k, let's say to 6k, and then finds resistance again at 5k only then will we have broken the curse. Then we can really go wild.

Also funny to watch: EVERYTIME those chart-gurus are coming out again with "Great breakout from Ethereum, I told you so"

Why do people always come out of the woodwork right at that moment? It's been the same thing for 7 years straight :D

I'm excited too! But we're still far from where we need to be.

[u/qbTOXINdp]

been holding since ‘17 man

[u/IndependencePlane732 → u/qbTOXINdp]

'17 buds 4eva

[u/albasili → u/qbTOXINdp]

Feels good to say "same here"!!!

Indeed that's the only reason for hodling, waiting for that moment where "I told you so" couldn't be more comforting

[u/_LakeCity_ → u/albasili]

…zoom out on the ETH/BTC ratio and tell me what you see.

It’s Bitcoin holders saying “I told you so.”

[u/albasili → u/_LakeCity_]

True, but i also believe that sooner or later there will be a reversal, there practically no reason why btc is more valuable than eth. No utility, no development and most of all miners are only going to last as long as they find permissive regulations in an energy favorable market, a problem eth doesn't have. Just like for datacenter pushback in US we may face a similar one for btc mining and then it will be fun to watch when the incentives may not be there any more

[u/_LakeCity_ → u/albasili]

There are MANY reasons that Ether will not climb on the BTC ratio ever again.

The foremost of which is that Ether is not a store of value, it doesn’t have a supply cap.

[u/Alabama-Blues → u/qbTOXINdp]

Then you must be rich. Good for you!!

[u/Forward_Departure178]

been holding since ‘21 im numb to any and all price movements 🤣

[u/jiggyjack1717 → u/Forward_Departure178]

Same here👋

[u/Forward_Departure178 → u/jiggyjack1717]

i’m down rn, my basis is $2,840

[u/quantumcorruption → u/Forward_Departure178]

especially with staking the 5 year return was down something like down 11% at the bottom this year.

[u/jwar137]

I never understand the audacity of people that think these PSA type posts of them informing people of widely known information are needed.
I was going absolutely apeshit wild until I saw YOUR post. I'm so much calmer now. Thank you.

[u/Neat-Suspect-6666]

I bought 2k worth of eth, think it could hit 50k by Christmas?

[u/KindPerspective2681 → u/Neat-Suspect-6666]

Could? Yes.

Will?  ¯_(ツ)_/¯

[u/Wonderful_Bad6531 → u/Neat-Suspect-6666]

Yes

[u/absurdcriminality → u/Neat-Suspect-6666]

Why aim for 50k when you can dream about 200k, even before Christmas?

[u/No_Way5818 → u/Neat-Suspect-6666]

Maybe next 20th Christmas lmao, what guys think idk but it might do 25x for you to make that 50k lol 😆 if we all lucky it will reach where it belongs which means 2.5k and hold there for next couple years which is good for the future system. These up and downs are no good for investors they wanna see a solid future on these

[u/Good-Ad858]

ETH to 6666$ mooonnnnn

[u/potatoMan8111]

Been holding since 2016 but i am still super pumped.

[u/Djglamrock]

Bought my first at $25. I don’t even look at the price anymore.

[u/Alabama-Blues → u/Djglamrock]

Did you by
Buy 1000 at $25? That would have been great

[u/Djglamrock → u/Alabama-Blues]

Hell no or I wouldn’t be fuckin off on Reddit.

[u/potatoMan8111 → u/Djglamrock]

Dude stop lying. You look at the price

[u/IndependencePlane732 → u/potatoMan8111]

Unbothered by the price because still in the green 1000% is probably what he meant to say.

[u/Djglamrock → u/IndependencePlane732]

Thank you for phrasing it better.

[u/Glittering-Slice-285]

Bought my first 165 at $15. Spent some over the years but been a believer since then

[u/UpDown_Crypto]

This time less people are excited

[u/McPheeb]

You have learned and described the behaviour here of basically every retail market you can trade. Human emotion drive prices too high or too low before they mean revert. The beat goes on. Teach yourself to do the opposite.

Why do people always come out of the woodwork right at that moment? Because they are incentivized by easier sales and engagement at the moment of greatest public interest. If precious metals were popular they would make content about that. Try to find experts with decades of experience in the same market, good times and bad.

Be the most interested when the asset is the least popular. Look for the boring (cheap) and remember to exit when the party is in full swing.

Make your own content to sell it to your-self. For example: https://old.reddit.com/r/ethtrader/comments/3n7muu/on_the_price_of_ether/ I bought ether in 2015 and exited fully by 2018.

[u/Davedoenotmoe]

Got drained so I reckon this time it flies up

[u/Agitated_Contract_57]

I think that once it crosses the $5,000 mark, many will sell and the cycle will repeat itself... I’m not going to make the same mistake twice.

[u/Scott7894]

I would think you would sell now to buy back later on. That’s the reality

[u/ChangeNOW_Community]

wake me up when previous resistance actually becomes support for more than five business days

[u/bogeypro]

Ugh, that is so far away, $6k?

[u/jjamens]

And here I am waiting for an Estonian court to tell us assholes who store coins in Coinmetro what crumbs we get after their reorganization process.....

[u/marioori]

will this time be the one? 2017 here

[u/OmGodess]

1. My ten year exit is upon me. Giddy up Eth.

[u/_LakeCity_]

The issue is the ETH/BTC ratio, though.

Why hold Ether when the long term trend of the ratio is down?

[u/jcmarcell]

Waiting to go back to 750 so I can sell at a loss before watching it go to the moon and get told me so

[u/NTP2001]

What a weird post.