Post
Topic
Board Speculation (Altcoins)
Re: How much do you think Ethereum could be in October?
by
jaberwock
on 18/10/2024, 17:04:33 UTC
Trying to get more money just because you are going to get bull is a good idea but not something you need to rush into. I understand some people need money right now, right away, but you can't always find money out of thin air, so you need to wait.

If you can wait a bit more, this means you can start with very small amount of money on this bull run, make a good chunk of money, like you can turn fifty bucks into a thousand dollars during this bull run, not just with ETH, because ETH probably won't go 20x as we can imagine, but along with other stuff as well, also with earning money too. Then, next bull run 4 years later, you will turn that thousand into maybe like 20 grand or something, still same increase, and this way you will have some good amount of money that you have when the bull run ends.

This time, when the other bull run comes, third one for you, then you will end up with 20 grand and rest is history, either you will crash and burn and lose it all, or you could turn that 20k into more than 200k dollars, nearly half a million dollars. That is an amount which is good enough to retire in most nations around the world, certainly for mine, and I believe it's a big deal.
This is a method for a long term approach, but people need to learn to trade to grow their capital faster if they want to. I am not saying they have to, of course they can do this method as well which takes years but usually a guaranteed approach to crypto, but they need to realize what's going wrong right now as well.

This is why they should end up with something which will not be a simple solution and we are going to end up with a lot of trouble if we are not careful about it as well. Whereas, trading is different, it's quick, but results are quick as well, meaning that you are going to make a good chunk of money if you are a good trader but also more important you will see the results quickly as well and keep growing that way.