RE: ETH - One more wave lower
Thanks for the quick reply!
Yea no worries on the timing part (I did see your same reply to someone else on the forum). So in your opinion right now...do you think:
1: it'll be a quick hit on the $700 area and then a quick bounce back up (e.g. say from $700 to $850..then slowly going back up)? Because I was just thinking how back in Dec ETH had a quick dip to like $500 area or so (different sources say given different figure)
2: Once we hit that $700 it'll be back up to your target of $2k+ (from the $5k prediction post). This is my observation so far...in Nov we went from around $350 to $510 (about 50% increase) then the next ATH of $850 was an increase of about 55-60% from $510. Then from $850 we hit $1400 (about 60%)...so from $1,400 to $2k+ will be around that same percentage more or less.
(Of course...I don't expect a straight up to $2k lol).
Trust me....its quite annoying to see that if I had sold say at $1,200 and bought back in at $900...thats still a good 30% gain. The thing is...its "easier" to make more money when you invest at lower prices....i.e. say if I invested $10k at $100 and then the price increased to $10k...then thats $1M....but if say I invested the same amount but at a price of $10...then the price just needs to get to $1k to make $1M...but I see that going to $10k price would be a lot harder than going to $1k...solely because I think a lot of people see a $1 trillion dollar market cap as something really crazy...and so could be hard to hit and then surpass it. I did a post on the forum explaining how $1trillion is possible..and it did change some ppl's minds...but its the majority that counts I guess. My point is that ideally I'd like to build up a bigger portfolio whilst prices are still "low".
Thanks again!