Ninjastic
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Post
Topic
Board Speculation (Altcoins)
Re: ETH sheep, buy now?
by
South Park
on 06/07/2021, 17:16:44 UTC
Quote from: Sir Legend on July 05, 2021, 03:39:47 PM
Quote from: Nevaehp on May 07, 2021, 08:17:24 PM
Hi Smiley I'm new to the crypto space. I'm looking at the ETH graph and I'm unsure if I should buy now. But its at an all time high, and I was taught to buy low sell high. I really don't want to be a sheep, but what if the price keeps going up? Should I just wait for it to go down and just buy the dip?

The market is always unpredictable, when many believe the market continues to move up it only took 10 days to make the price of ethereum drop 50%, and I'm happy because now the price is green again so now is the right time to buy ethereum before the price goes up again
It is better to take things with calm, it is extremely unlikely that we are going to see any kind of big movement now, after a big correction or a crash the confidence of the newcomers gets challenged and they are not ready to make a new commitment so fast, so it will take time for the market to recover but it does not matter especially if you are willing to employ a long term strategy this time around as the price could resume its upward trajectory at the end of the year.