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Topic: People paying $1200 for 1 Ethereum are crazy... You only get rich buying CHEAP - page 5. (Read 2260 times)

member
Activity: 448
Merit: 12
If people would of only listened then they would be buying 3 times cheaper over the last couple of months
Perhaps you are right, but still do not buy some unique items, expects further decline, then to use the situation there for purchase. But I think that this will not happen. Only the moon.
newbie
Activity: 35
Merit: 0
If people would of only listened then they would be buying 3 times cheaper over the last couple of months
legendary
Activity: 1288
Merit: 1068
deciding with older data is really easy. once upon a time my mentor on university told me analysis or statistics looks like a bikini; you think that you see everything.. but you will never see what you want to

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
I do not think you should call them crazy because you bought at a lower price, they never knew the price will dip this much any time soon. Yes it is always more profitable to buy when the price is very low but it was not their fault that crypto market dip this much.
If they did not know the price could go lower despite the fact the price of ethereum was very high and there were very clear signs that we were in the middle of a bubble then I think it is fair to call them crazy, buying ethereum at those prices was insane and only those that did not had any experience can excuse themselves for their mistakes because the rest of the community should have known better since they have more time and more experience in this market.
sr. member
Activity: 602
Merit: 250
Not everyone can take risks on pumps or little-known coins, and the profit on them can be felt only with a good number. Therefore, choose a win option and wait for better times and, in principle, it pays for itself. So everyone has his own opinion and strategy.
sr. member
Activity: 895
Merit: 250
I do not think you should call them crazy because you bought at a lower price, they never knew the price will dip this much any time soon. Yes it is always more profitable to buy when the price is very low but it was not their fault that crypto market dip this much.
jr. member
Activity: 294
Merit: 8
The Premier Digital Asset Management Ecosystem
That was before, now if paying $ 1200 to ETH probably will not happen, the ETH price is less than $ 500. And you can buy them anywhere with cheap rates.
hero member
Activity: 2240
Merit: 725
Ethereum valuation is quite correlated to BTC, so do almost all the crypto. People just buying on FOMO. When the market dump, 99% of the people got freaked out. The current market is a testing time. Only those that believe in crypto and blockchain will be rich.
yeah not only ethereum, i think all the crypto valuation is correlated to BTC. today BTC price is fall, and yea ethereum is also fall. but i hear about the system upgrade fo ethereum in the near future. these news will make eth price pump again Wink
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
It looks like ETH is pretty much some old horse still running the race. People should just let die and make room for the new.
Ethereum is not going to die, however I agree when you say the price is very high even at the current prices I will not buy ethereum, if your goals are to earn a lot of money not a single of the top coins should be in your radar and you should invest most of your money in coins below the top 100 in terms of market cap, that is a risky play but one that can give great benefits if you invest early in a coin.
member
Activity: 308
Merit: 11
I think Eth and Bitcoin has a very unique status having been recognized not to be securities unlike a lot of the crypto projects out there. And now is a fairly decent time to purchase eth, the premier blockchain platforms will go as high as $1 trillion when the market goes mainstream
newbie
Activity: 134
Merit: 0
he people who bought Ethereum are far from crazy people. Such people are very far-sighted and know that their investments will pay off many times, regardless of the purchase price. You just invest with a high risk of loss, and they are with the moderate.
full member
Activity: 560
Merit: 100
Ethereum valuation is quite correlated to BTC, so do almost all the crypto. People just buying on FOMO. When the market dump, 99% of the people got freaked out. The current market is a testing time. Only those that believe in crypto and blockchain will be rich.
full member
Activity: 224
Merit: 157
Well, it's a trusted coin. Won't give you x100 profit, won't give you x100 loss.

The choice is yours. Just don't call people crazy for thinking a bit about their investments.

Its odd you say "think". If you always put your money where everyone goes you are sure to lose. Why do you think only such few 0,% of the world are filthy rich? Its because they created/found new markets and conquered them. ETH is a dead, old horse.
full member
Activity: 224
Merit: 157
It looks like ETH is pretty much some old horse still running the race. People should just let die and make room for the new.
member
Activity: 265
Merit: 11
ETH is a form of payment, I believe plenty of people buys ETH to invest into ICOs. So not all of them are crazy to do that, as its not the purpose of their actions to ETH to go up significantly.
ICOs do pretty much the same you want your currencies for. So I would say no, they are not all crazy.
legendary
Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01
Well, it's a trusted coin. Won't give you x100 profit, won't give you x100 loss.

The choice is yours. Just don't call people crazy for thinking a bit about their investments.
member
Activity: 64
Merit: 10
It is not a classic pyramid scheme. It is a very good period for crypto and don't think that you will get gains like this forever. There are many types of investors. From small er ones like you and me to big ones. If you invest 1 billion dollars it would be ok to make 2 more billions dollars. Multiplying Bitcoins make some rich people very rich now. So investing in Ethereum is still a good investment. If you had a 100 million dollars what would you do?
jr. member
Activity: 112
Merit: 7
That is the issue, yes you can make a lot more money with icos and with cheap altcoins but the risk the coins go to zero is quite high, more than 90% of the blockchain projects fail in less than a year, ETH may be down right now and the same is true for any major coin but the chances it goes to zero is very low compared to a new project that is why the risk is lesser than with the other altcoins.

the risk of ETH going to zero is much greater than some small altcoin going to zero. times have changed and now any small project will usually get thrown millions of dollar at. this was different a year, two years ago when they were all struggeling.

so now its a very small chance for a small project to go to zero just because they have so much money. why should they leave, scam people or quit? where else can they make so much money?

having vitalik butin be worth $100bn is the insane stuff here, many smaller devs still arent worth $1m... you realize the difference? of course not everyone will deliver something great but same can be said about vitalik, now he seems to mostly give his money away instead of working hard.

Vitalik is not really doing anything special. he stole the idea which was already around and built something around it which is full of issues. you know he was pushing to build it on bitcoin but thankfully he was shut down. and the only reason he is worth whatever billion dollar is because he premined the shit out of ethereum!

i fear for the future of it though. it is hyped up and it seems to have little chance of going down (despite what you said) but it has lots of issues as i said and with things like Rootstock (which is practically going to do what ethereum does but for free and on top of bitcoin) it will lose its place!

rootstock seems interesting, are they making good progress? can the tokens be generated, mined or bought already?
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
That is the issue, yes you can make a lot more money with icos and with cheap altcoins but the risk the coins go to zero is quite high, more than 90% of the blockchain projects fail in less than a year, ETH may be down right now and the same is true for any major coin but the chances it goes to zero is very low compared to a new project that is why the risk is lesser than with the other altcoins.

the risk of ETH going to zero is much greater than some small altcoin going to zero. times have changed and now any small project will usually get thrown millions of dollar at. this was different a year, two years ago when they were all struggeling.

so now its a very small chance for a small project to go to zero just because they have so much money. why should they leave, scam people or quit? where else can they make so much money?

having vitalik butin be worth $100bn is the insane stuff here, many smaller devs still arent worth $1m... you realize the difference? of course not everyone will deliver something great but same can be said about vitalik, now he seems to mostly give his money away instead of working hard.

Vitalik is not really doing anything special. he stole the idea which was already around and built something around it which is full of issues. you know he was pushing to build it on bitcoin but thankfully he was shut down. and the only reason he is worth whatever billion dollar is because he premined the shit out of ethereum!

i fear for the future of it though. it is hyped up and it seems to have little chance of going down (despite what you said) but it has lots of issues as i said and with things like Rootstock (which is practically going to do what ethereum does but for free and on top of bitcoin) it will lose its place!
jr. member
Activity: 112
Merit: 7
That is the issue, yes you can make a lot more money with icos and with cheap altcoins but the risk the coins go to zero is quite high, more than 90% of the blockchain projects fail in less than a year, ETH may be down right now and the same is true for any major coin but the chances it goes to zero is very low compared to a new project that is why the risk is lesser than with the other altcoins.

the risk of ETH going to zero is much greater than some small altcoin going to zero. times have changed and now any small project will usually get thrown millions of dollar at. this was different a year, two years ago when they were all struggeling.

so now its a very small chance for a small project to go to zero just because they have so much money. why should they leave, scam people or quit? where else can they make so much money?

having vitalik butin be worth $100bn is the insane stuff here, many smaller devs still arent worth $1m... you realize the difference? of course not everyone will deliver something great but same can be said about vitalik, now he seems to mostly give his money away instead of working hard.
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