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.
From my learning the market is all about the volatility. User involved with day trading should know to make profit out of the day trading and user preferring it a long term investment should have the patience and should not fall into FOMO, because same as today's market scenario there will be very large scale price fluctuations which we could've never expected for the time period.