FOMO is at least as strong as the FUD
Fans and expositioners - welcome to the VERY first installment of My-TA-Sucks.
I am not an analyst. I am a raging ETH bull, and I only know one thing for sure - the FOMO is at least as strong as the FUD. That's what I've been telling myself for years.
Based on previous patterns, ETH normally makes a run leading up to Consensus (May 14-16). At Consenus, all the crypto wannabes go "ooooh, aaaaaahhhh" then invest their life savings. I follow tech more than the charts. But charts help me put things in perspective. ETH will reach US$1,000 by the end of May. We'll go higher if SuperVit makes some announcements on Casper.
The only thing stopping ETH is not China, not the SEC, and not exchange hacks. It will be the rise of inter-operable chain solutions like COSMOS that divert the sunshine. BUT, dear folks, ETH has the first-mover advantage, the network effect, and a lot of smart people working on scaling solutions. Even though the BTC code sucks, people still buy it. Because of the network effect. BTC will still be king, but ETH will always be my baby-love.
Like you, I cried and nearly jumped off a bridge when the FUD took hold from Jan - April. But, why oh why, did we not believe in our first instincts. The same voice is calling us again to follow and believe.
Will let you know when I think there are short opportunities, but it's not now. I'm long as pinocchio.
I am not an analyst. I am a raging ETH bull, and I only know one thing for sure - the FOMO is at least as strong as the FUD. That's what I've been telling myself for years.
Based on previous patterns, ETH normally makes a run leading up to Consensus (May 14-16). At Consenus, all the crypto wannabes go "ooooh, aaaaaahhhh" then invest their life savings. I follow tech more than the charts. But charts help me put things in perspective. ETH will reach US$1,000 by the end of May. We'll go higher if SuperVit makes some announcements on Casper.
The only thing stopping ETH is not China, not the SEC, and not exchange hacks. It will be the rise of inter-operable chain solutions like COSMOS that divert the sunshine. BUT, dear folks, ETH has the first-mover advantage, the network effect, and a lot of smart people working on scaling solutions. Even though the BTC code sucks, people still buy it. Because of the network effect. BTC will still be king, but ETH will always be my baby-love.
Like you, I cried and nearly jumped off a bridge when the FUD took hold from Jan - April. But, why oh why, did we not believe in our first instincts. The same voice is calling us again to follow and believe.
Will let you know when I think there are short opportunities, but it's not now. I'm long as pinocchio.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.