People paying $1200 for 1 Ethereum are crazy... You only get rich buying CHEAP - page 3.

leea-1334

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Quote from: tabas on January 17, 2021, 03:54:12 AM

It's been three years since the thread was made and there's truth in what he said about Ethereum. While the discussion is about $1200, Ethereum as it pumps again didn't passed on its past ATH.
And today's price of is even less than the price that was indicated on this thread.

30 years can pass and it will not change the truths that was said,,, nor will it change how right or wrong OP was about Ethereum. Same as Bitcoin 10 years ago when people today are saying it is wrong as a P2P currency. It always was and always will be.

Price is not everything,,,

tabas

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Quote from: Flowzer on January 17, 2021, 04:50:54 PM

Quote from: tabas on January 17, 2021, 04:18:08 PM

Quote from: ?? on ??

Quote from: tabas on January 17, 2021, 03:54:12 AM

It's been three years since the thread was made and there's truth in what he said about Ethereum. While the discussion is about $1200, Ethereum as it pumps again didn't passed on its past ATH.
And today's price of is even less than the price that was indicated on this thread.

Even more interesting is the fact that people that purchased Ethereum 2018 at the high price had to wait for 2-3 years to even breakeven. People only fomo when it is high. I don't know why they like buying highs only to sell lower than they bought. It would be better to do it in reverse. That is to buy low and sell higher just like OP said in 2018.

That's the usual reaction when a coin goes into high price. The FOMO will be found everywhere as if the trend will never stop and those who have bought at high of $1k-$1.4k price of Ethereum probably have sold at loss. They can't contain the pressure and they have to stop loss and that's the usual mistake of investors especially the newbie investors.

Stop Loss is something that investor need to do, its better to lost some than lost it all, isnt it? and maybe the one that do that already buy more when the Ethereum price lower, so they minimize their lost.
So in my opinion stop lost isnt a mistake, its part of investment strategy.

But that stopping of further loss has different situation for many of them. Some were good to stop loss before it has finally crashed until the end of that year.
And some did just stopped loss when it's finally a total loss for them and that has finally decided them to end the game which is very unfortunate.

Flowzer

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Quote from: tabas on January 17, 2021, 04:18:08 PM

Quote from: ?? on ??

Quote from: tabas on January 17, 2021, 03:54:12 AM

It's been three years since the thread was made and there's truth in what he said about Ethereum. While the discussion is about $1200, Ethereum as it pumps again didn't passed on its past ATH.
And today's price of is even less than the price that was indicated on this thread.

Even more interesting is the fact that people that purchased Ethereum 2018 at the high price had to wait for 2-3 years to even breakeven. People only fomo when it is high. I don't know why they like buying highs only to sell lower than they bought. It would be better to do it in reverse. That is to buy low and sell higher just like OP said in 2018.

That's the usual reaction when a coin goes into high price. The FOMO will be found everywhere as if the trend will never stop and those who have bought at high of $1k-$1.4k price of Ethereum probably have sold at loss. They can't contain the pressure and they have to stop loss and that's the usual mistake of investors especially the newbie investors.

Stop Loss is something that investor need to do, its better to lost some than lost it all, isnt it? and maybe the one that do that already buy more when the Ethereum price lower, so they minimize their lost.
So in my opinion stop lost isnt a mistake, its part of investment strategy.

tabas

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Quote from: ?? on ??

Quote from: tabas on January 17, 2021, 03:54:12 AM

It's been three years since the thread was made and there's truth in what he said about Ethereum. While the discussion is about $1200, Ethereum as it pumps again didn't passed on its past ATH.
And today's price of is even less than the price that was indicated on this thread.

Even more interesting is the fact that people that purchased Ethereum 2018 at the high price had to wait for 2-3 years to even breakeven. People only fomo when it is high. I don't know why they like buying highs only to sell lower than they bought. It would be better to do it in reverse. That is to buy low and sell higher just like OP said in 2018.

That's the usual reaction when a coin goes into high price. The FOMO will be found everywhere as if the trend will never stop and those who have bought at high of $1k-$1.4k price of Ethereum probably have sold at loss. They can't contain the pressure and they have to stop loss and that's the usual mistake of investors especially the newbie investors.

jerry0

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OP, what other coins would you recommend now to buy? I agree with your logic that buying eth now is not going to make you that much returns... like try getting 5x... that isn't going to happen with ETH in a long time. Even doubling it is hard. Doing it with altcoin much easier but of course but riskier.

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I think it is too risky to buy eth at $ 1200 now, because it could be that the eth price is corrected and if that happens, of course the experience in 2017 will repeat itself, when eth prices continued to soar high at that time but finally fell instantly and not a few traders who experience losses by buying and holding eth prices at a high enough price, learning from past experience, of course I personally don't try to buy eth at current prices but I would prefer with trade and hold several other small altcoins that I think can provide a little profit at regular intervals.

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Consider yourself lucky if you have bought your ETH at its lowest price like below $100. People buying Eth for $1200 still think its early because they are also speculating ETH could be much worth soon.

Everybody wants to get early investors price so if you need to find one and wait til its price is $1200 there are many tokens that can potentially go to the moon as well.

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Buying cheap works for speculators but if you're really considering yourself to be a long-term investor, then price is not something significant that makes you decide your entry levels. Ask those Bitcoiners who thought 10k was too expensive, waiting for 5k dips. Or those who thought 20k was too expensive. Price for BTC isn't looking back anymore;)

tabas

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It's been three years since the thread was made and there's truth in what he said about Ethereum. While the discussion is about $1200, Ethereum as it pumps again didn't passed on its past ATH.
And today's price of is even less than the price that was indicated on this thread.

muenze

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what about those people that bought eth when it eth was only a dollar or two ? i bet those people made more than times 20 now and it was easy for eth or for eth investors to get times three because it wasnt that high or far too achieved .

that is because buying cheap works. you are not buying eth cheap now. i have made x50 and more on over 20 coins but the only way this works is buying early. not buying expensive coins now

i am not sure about your math skills if you think someone buying eth for $1 made x20. its x1200

wiss19

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You can buy ethereum at 1200 dollars, people said the same thing back in the day and it peaked at 1.5k, and they profited. What I think ETH will be this run is about 3k dollars per ETH, which is why I still think anyone who wants to buy would make a decent return, in fact if you stake it, you are going to make even more money as well and I would advise it for everyone, you can put a sale on 3k later on when staking could be stopped.

All in all ETH is the biggest altcoin out there, and increasing price doesn't mean you should stop buying, if you stop buying that means it will not go any higher, whereas people who end up buying from here, makes it profitable. Obviously you should try to buy from lower levels, if you go in hard when its cheap, it is a reasonable move, but that doesn't mean its the only time you should buy, you can buy at any price.

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Quote from: muenze on January 04, 2021, 10:15:07 PM

You will lose some buying cheap coins but you will NEVER even get x20 on ETH not even x3.

really ? what about those people that bought eth when it eth was only a dollar or two ? i bet those people made more than times 20 now and it was easy for eth or for eth investors to get times three because it wasnt that high or far too achieved .

Quote from: muenze on January 04, 2021, 10:15:07 PM

And even if x3 in that time many many other coins will be x10 and more.

really ? now telll me if what are those coins . i cant see any altcoin pump that much except etherium . we arent forced to buy eth or any other coins at a higher price and the reason why someone buys at a high price is maybe because they are richier than you and they are smart enough to know that the coin that they are invested with will grow more in the future .

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Quote from: muenze on January 07, 2021, 12:50:33 AM

Why would you invest in things that are already extremely expensive when theres only a very small upside?

Its never the 99% of lemmings who all follow the same horn who get to paradise....

that makes sense and i have been buying nano before the pump and got nice ROI from my nano after i have sold it.
People are taking the reputation of coin but they forget if they can make more money from the legit altcoins that are still undervalued. I know what you meant that people should try to think to invest in the legit con that is not yet pumped.

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Quote from: muenze on January 04, 2021, 09:50:05 PM

So I want to bring this old topic up, remember when ETH was $1200 and Bitcoin was $15000? Now Bitcoin is $32000 and ETH is only $1000.

Meanwhile I have made x50 and more on some smaller coins. ETH was good when you bought it for $10. Now you need small projects for massive gains. Something will replace ETH and it still isnt even decided if dApps ever will be a huge market anyways.

So something as Nano seems like a way better investment because it can easily go x20 from just a few on Wallstreet seeing its potential.

Just be Happy on what you are achieving while ETH believers has still on their faith if what would Ethereum may bring them, I remember that for years now When ETH was still struggling to reach 10% of Bitcoin price and up to now this wasn't happening .
How long will be the ETH supporters keep this belief ? or they are the one whos changing plans now.

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Quote from: muenze on January 07, 2021, 08:18:55 PM

Well, yeah nobody is putting millions in small coins.

But if you think theres no risk in Bitcoin or ETH, Bitcoin is safer it still dropped to ~ $3500 last crash but ETH was even worse it dropped to $50.

So if you are a professional investor, why in hell would you ever risk millions in ETH when it can turn 1 million into 50k?

There is always risk in investment and you should cash out when you see bear market because those markets take 2-3 years. There are better options, it's pointless if you buy at the top and wait whole bear market while holding coins.

If you do stop-loss you would never turn your million to 50k. It's a standard for every investment, not just for ETH.
Long term traders don't care about daily prices. They already bought coins from dip, when everybody else is hopelessly selling.

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Quote from: ingiltere on January 07, 2021, 07:28:49 PM

When you put millions of dollars into small coins you broke balance and your entry point would be much higher due to low volume. There isn't any risk like that in billion dollar crypto currencies.

Well, yeah nobody is putting millions in small coins.

But if you think theres no risk in Bitcoin or ETH, Bitcoin is safer it still dropped to ~ $3500 last crash but ETH was even worse it dropped to $50.

So if you are a professional investor, why in hell would you ever risk millions in ETH when it can turn 1 million into 50k?

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Quote from: Tstar on January 05, 2021, 01:48:38 PM

I don't think that people are trying to make 20-30x with Ether as you did with TRON and others. I think people are viewing Ether as a safe heaven for altcoins.

If you want to make 20-30x, you should look after the new coins.

He may be a small player, big money follow big coins. BTC and ETH are supreme leaders in crypto business.
When you put millions of dollars into small coins you broke balance and your entry point would be much higher due to low volume. There isn't any risk like that in billion dollar crypto currencies.

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Quote from: jerry0 on January 04, 2021, 09:57:03 PM

Quote from: muenze on January 04, 2021, 09:50:05 PM

So I want to bring this old topic up, remember when ETH was $1200 and Bitcoin was $15000? Now Bitcoin is $32000 and ETH is only $1000.

Meanwhile I have made x50 and more on some smaller coins. ETH was good when you bought it for $10. Now you need small projects for massive gains. Something will replace ETH and it still isnt even decided if dApps ever will be a huge market anyways.

So something as Nano seems like a way better investment because it can easily go x20 from just a few on Wallstreet seeing its potential.

What are these other coins you made 50x on?

This kind of selection is just like on doing pure gambling. Most of these coins reaches out 50-100x are to those low cap coins.Its a do or die kind of situation where you do just crossed your fingers for it to get pumped.

Back on topic since this one is an old one which do talks about ETH on 1200 then they had already experienced on getting break even at the moment if they do managed to held up that long.

Currently, altcoins are starting to move now if we do look up the situation of the market.For those who had bought cheap while alts are still on sleep are reaping off some gains now.

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Quote from: muenze on January 07, 2021, 12:50:33 AM

Well, see Nano.

It was $1 just a few days ago. Now its $4.

So when will ETH be $4000? Lol.

I mean it can happen. Maybe ETH will go to $4000 this year. But then Nano will be $20 or even $30 so with Nano you made 5 times more.

I think alot of people in crypto just are extremely bad at math and dont understand market cap.

Why would you invest in things that are already extremely expensive when theres only a very small upside?

Its never the 99% of lemmings who all follow the same horn who get to paradise....

People are afraid of losing their money in bad blockchains and scam projects (which happens A LOT). So they prefer to be conservative and go for slower moving coins like BTC and ETH. The people that come from traditional markets also fear fast moving coins like Nano.

That's why they keep investing in ETH but not Nano. You can replace"Nano" in my sentence with any altcoin, except LTC, XRP and BCH.

muenze

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Well, see Nano.

It was $1 just a few days ago. Now its $4.

So when will ETH be $4000? Lol.

I mean it can happen. Maybe ETH will go to $4000 this year. But then Nano will be $20 or even $30 so with Nano you made 5 times more.

I think alot of people in crypto just are extremely bad at math and dont understand market cap.

Why would you invest in things that are already extremely expensive when theres only a very small upside?

Its never the 99% of lemmings who all follow the same horn who get to paradise....

Topic: People paying $1200 for 1 Ethereum are crazy... You only get rich buying CHEAP - page 3. (Read 2327 times)