yeah i may as well keep it there for the long run now , I don't need the money and the gas fees are highCant tell you how to do your trading, but I moved all of my ETH into Tether after that China drop. I probably should have waited until yesterday on the dead cat bounce to cash out, but I already had a drop from getting in at $4k.
Granted, I still did pretty well overall. I cashed out my Shiba Inu to ETH at $4k after SHIBA INU did an 850x. I moved to ETH because I was concerned that had to crater (and I was right), so I got out of Shiba and into something "more stable". I should have probably seen we were due for something given ETH was at ATH.
In my opinion, ETH is going to bleed out just like it did in 2018. We're peak bullrun and the mania is over.View attachment 263847 View attachment 263848
I'm just one person, and I could be wrong. We could be in a bear trap and it's going to bounce back, but I'm personally not playing that game.
Also worth noting (if you look at that chart especially, if we repeat this 2-3 year bull run pattern, it'll eventually probably take 5-6x over peak this cycle, so if you wait long enough, you'll most likely get your gains back. Especially since ETH is a utility token, one of the first of its kind, and will have ETH 2.0 coming in the future, which will reduce trade costs drastically. At that, it's also beginning to host sidenets and layer 2s, like MATIC, further legitimizing it for the long term. If ETH plays it out right, it'll overtake Bitcoin in the next bullrun as top market cap.
i was planning on putting money in ETH for the long term
i tried to get out of DOGE when i was up $750 but uphold wouldn't let me
maybe i will make some money if there is a class action someday