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You just can't stand to see the other fellow win.
If it's being dumped, it'll be down even more. And by the looks of it, the price will keep going down.
I think he can stand to see the other fellow win, but he enjoys pointing out when they are losing.
Also, being up 1000% doesn't mean much if it merely shifted from $0.5 to $10.
ETH is down 10.86% since yesterday. Seem to remember BTC doing that, like it was yesterday. Owait, it WAS yesterday
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OTOH, those who held ETH for 2 months are 10x wealthier, while those hodling BTC got fu... disregard, I won't bring that up.
Let us never speak of it again.
1000% is 1000% but it's a lot easier to achieve when it's .50 to 10 than a Bitcoin 10x from 400 to $4000
And the difference to someone who bought, say, $1k worth of ETH is?
And I'm certain that people who have spent $1k on Bitcoin became 100x wealthier, it's been documented.
If both currencies go down, it means nothing. What matters now is where the price goes from here. And ETH is down 12.5% now.
I laugh at your inept FUDing and excuses.
Of course there are people who invested $1k US in ETH, do you think a market cap of $823 million
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And keep reminiscing about Bitcoin's glory days, when it got pumped to $1,200 on Magic: The Gathering. Those days are gone; devs slapfighting, in public; network's saturated & can't scale.
SFYL
A market cap of $838m can be reached through people putting in more money as the value gets higher, which would invalidate the 10x wealthier argument (As people invest later and make <10x their money), or miners (or the ETH equivalent) are holding their ETH and waiting. A market cap is the value of all the available items combined, it does not mean much or any money has actually moved. If paper was going for $4/sheet, and 4 sheets were available, but no-one was selling them, the market cap would still be $16. If paper was being moved and was still $4/sheet, it would still be $16. I know you understand this.
As long as people drive up the price, even with only small amounts being invested, the market cap can jump in leaps and bounds.
And yes, Bitcoin used to be $1,200 and it isn't anymore, but those days are passed and now we have to deal with it.
This entire series of posts was derived from you saying that someone can't stand to see the other guy win, so just keep that in mind.