Hi Fam, I am new to crypto investment and crypto mining, I have a plan in mind with this upcoming merge, just tell me if it's bad or not, I plan to sell all my bags after the merge because I believe there will be a massive sell off, and I will buy back at a lower price, is this making sense or not.
How do you know from where that massive sale will happen after the merger?, I think you are doubtful by holding ethereum at this time. I myself will release it after merging later if the price will exceed what I bought before. but i will consider releasing my ethereum
It is obvious that the current increase in the price of ETH is influenced by the hype of the Merge event. It is highly possible that after the event, the hype that is pushing the price of ETH will be gone, and that those who invested at the early stage of the hype might probably sell their holdings in order to get a profit. These sell off and hype gone may crash the price of ETH at certain point. Besides we are still in the bear market so it would be hard to maintain the hype cause by the merge event when the event is over.
Currently, it is difficult to make a decision. If he sells all his Ethereum and then it does not have any massive sales, he will regret the decision. The probability that ETH will increase after the merger is higher than the dumping. He seems to be going against a lot of people, I see a lot of investors buying into ETH and hopefully with this merge happening, they will then be distributed a coin forked from ETH and this is the free profit. I think this option is better than selling ETH and buying it back later, it's too risky.
Just consider the situation,
1. the current cryptocurrency market is at a bear market
2. the recent ETH hype is created by the merging event
3. People are buying because of the possible free money when the network is forked.
So after the event these 2 and 3 will be possibly gone making the ETH market goes back to the reality of being in a Bear market. So is there any reason for the ETH market to continously increase the price if the hype and the people who are buying due to the possible free money are gone? I think a dump is very much possible after the merge event.