Theres a great pump with ETH this week, but I think its not a strong pump that it will go dump again after having a short pump so dont be too excited. The price of $200 will hit again by ETH but it will go through dumps also before that. So whats your thoughts about the recent pump?
In my opinion there is no such thing as a trap in Ethereum I consider it a long term investment, it will go down yes, but it always goes up, you can make a short term profit and a long term profit as well, depending on when you want to buy and when you want to sell, this applies to all the stable coins in the market, not only Ethereum.
We are the one who creates trap in our trading or investing, we put too high expectations without fact finding, if we believe that ETH is good for holding, we must keep updated not just in ETH but in market status, ETH is good platform it just the market started to recover.
Long term holders don't think of a trap as we are focus on the future.
However, those who like to day trade ETH, they have to make sure they do the right entry so they will not be trap.
It's the term used and very popular when you are a day trader, so long term trader does not find it relevant in making decision.