• FlashMobOfOne@lemmy.world
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    5 months ago

    No, man. People are sounding like these prices are fixed, when we’ve seen time and time again that crypto prices are cyclical.

    Now’s a time to buy. ETH is at a 50% discount. Your assets would be in a pretty good spot right now if you’d bought Bitcoin in 2017 when it “crashed” to $4000 per unit. I picked up shares of EZBC at an average of $32 a share (currently hovering between $45-$50 in a supposed crash) and XRP at 50 to 75 cents, currently hovering around $2.10.

    What you do is invest, and then just forget about it and let those assets sit. Investing is about forward-thinking.

    • explodicle@sh.itjust.works
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      5 months ago

      We’ve seen time and time again that not all crypto prices are cyclical. Ethereum has been performing poorly relative to BTC. If you’re just going to forget about it, then you should avoid proof of stake! When you log back in you’ll see that everyone who staked was sitting on a musical chair and you’re not.

      Plus, it’s run by a central foundation that bailed itself out when the DAO flopped. Requires attention at best.