Ethereum is giving "MOON" Vibes
Do we still get an alt season this cycle? Well, do not expect an answer from me; it is almost the end of July, and Ethereum was $1400 three months ago. I believe that was the lowest after hitting around $2300 in February. But, guess what?
Ethereum is currently pumping.
If you bet your money when it was 1400$ then you're almost in x3 gain, but guess what? You were an unbeliever, and you even had to become a BTC maxi because of all the uncertainty. Guess what again?
crypto can punish or reward conviction.
You can still easily hold your favorite coin or meme project and they can still go to zero, so it's all both sides. People have trusted meme coins in this cycle, especially when it was pumping from January till now, and they've been rugged, why?
Because the meme coin narrative was huge, people were easily making x1000 from just one memes and almost everyone wanted a share.
Mind you, eth and other alts were heavily dumping at the time, and the alt season conversation was at its craziest. Many analyst on Twitter and YouTube said alt season was dead, and meme coins and BTC were now the real deal.
These guys have gotten a lot of followers and monetization from spreading massive alt season FUD, and guess what? They had the data and proof to back up their claim, as alts were seriously dumping.
I remember this popular guy on Twitter who was always tweeting that crypto was scam and would die off soon. So he makes posts when the market is dumping and gloating, but when the market is pumping, he disappears and all that.
So that is mostly what social influencers do; they have used the market hype to create more FUD, giving themselves more relevance and other benefits; unfortunately for them, this era only lasted 3 to 4 months, so they probably enjoyed the popularity and attention, but the market is now changing.
Influencers are clearly the wrong people to listen to when the market is either pumping or dipping, but we still do not follow our own advice because we are emotional. Crypto is an emotional game, so we lose more than we win.
I certainly did not see the Ethereum pump; if I had, I would have probably borrowed a loan from the bank, made x3 after three months, returned the loan, and profited multiple times; however, even the smartest crypto geeks will never do so. Why?
It's simple; the Ethereum conviction died in APRIL. They said it was not going to be a catalyst to propel alt season, and Ethereum being dead means alt season is dead.
Now, I am not trying to debunk this by claiming it is false; rather, every FUD post I have seen since February has been debunked by current market prices. Ethereum is not dead afterall and sentiment has made FUDDERS think it is.
You have now missed out on potential profits because you listened to YouTubers.
Will Ethereum still drive the incoming alt season? It looks like it. Why?
This is because the price has begun to rise, as it always does before others follow suit. Is it certain? Obviously not; you would be foolish to believe it is certain. Nothing is certain until the coin you expect to pump actually pumps.
Charts and infographs are dead nonsense
A few months back, I saw a Hive creator who said Hive should do 20$ in this cycle. I laughed at them because it wasn't just unreal, it is actually dead impossible. Why? I just knew the best Hive could do was double its previous ATH, which is always the gold standard.
Fast forward a few days, and this same creator stated that Hive's maximum value is $1 or 1.5. What has changed? Obviously, they saw how the market had stagnated. They did not reach a conclusion because of the charts they were studying.
They made the first prediction based solely on emotion, and the second prediction was no different. They obviously have no idea what will happen, and that is the truth.
But why am I excited?
Well, ETH is pumping, which means we will also move, though I am not sure how much. I predict that Eth will do 8k, and why? I just believe this is the most logical price it will reach in this bull cycle; anything else is a bonus.
Conviction is difficult, as this cycle has demonstrated time and again. Where will Hive go? No one has got a clue, and and any predictions is pure speculation, but there is massive hope
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It's nice to see ETH pump and there be signs of life in the alts. I think it's great to see Hive pump up as well. I don't think ETH will make a new ATH, but its nice to see the pumps.
I think it'll make a new ATH, because it looks really likely at this point..
that's why i never listen to youtube videos, influencers and such when it comes to finance, and noy only crypto, if they all know they truth, why not keep for themselves and become rich? they are just trolling to get attention, randomly guessing something so they seem guru and get more followers...
i somehow think that if btc goes too much up people won't be willing to put money there being too much expensive for an average investor
Haha, well they won't keep the information to themselves because they're also unsure of what they're saying. They're just likely spreading FUD to earn followers and increase their monetization opportunities on social platforms.
I think the more BTC goes, the more people will want it. People like to buy an asset that's going up, but never one that's dipping
With good reason to be excited! If ETH continues to pump it will bring along the rest of the alts too. Influencers as a general rule are morons when it comes to crypto and should never be listened too. Emotions shouldn't drive investments, or you make bad choices.
We'll see what Hive does, I would be ecstatic if Hive went to $1. But that $20 prediction was just plain ridiculous!
It'll be great to see Hive over 1$, I think it's possible because I see other alts beginning to pump very soon. It's going to be exciting. Eth's pump for the past two weeks has been legendary, and not many people saw it. Perhaps Black rock did, when they started selling BTC to buy Eth.
It's not an easy risk to take investing in crypto coins, because of how the crypto market can dwindle just in a twinkle of an eyeball.
I agree. Indeed
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STOPGood … i don’t read market but through your post i got important information
I am not interested before on crypto until I learned it on Hive. MY husband was also interested on crypto.
What's also interesting to ponder about is many users who listened to these influencers back in February sell their alt bags for a loss believing that it will never recover again and memes with BTC were the only real deal in crypto. I'm sure some are regretting now why they allowed themselves to be shaken out of the market during FUD season. Now it's the FOMO season we have to be wary of :)
There is hope ! With Eth pump, we can see how many alts, are following , but Joe, fomo dealing with me..lol
I had just 16 xrp somewhere , I saw it at 3.2$ two days, I rushed and sold 10 before I hear story 😃..,.now, if it continues to pump, I will just regret selling early oo ., but profit is profit anyways ..
I still have a meme coin, my eyes are alert on it so it doesn't get to zero before I do the needful .
As for hive...I am wearing patience like a garment ...no rush, until I see the peak of it ...hopefully , I don't miss out..lol
I also hope that ETH can lead a new alt season. I also notice that some influencers are not objective and get carried away by emotions. I hear many say that a new alt season is about to start, we'll see. !PIMP