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On Saturday, I already said I wouldn’t do any “long” positions today—just stay where you are and keep going sideways. At that time, Ethereum was holding steady at 1650. I said it would go to 1670, and once it breaks through, it will go to 1700.
Back in the group, a bunch of people were criticizing. Now, aren’t they saying anything anymore? Think it through carefully: all the copycat coins follow Bitcoin and Ethereum together. Bitcoin has already fallen from 130,000 to where it is now. And some people are still fantasizing about it dropping to 30,000 or 40,000.
People around me who don’t play this at all—people who never trade coins—know that when it drops to 30,000 or 40,000, they start saying they’re ready to sell their house, sell their car, and go in to buy the dip. Think about it: at that time, everyone was boarding the train, everyone was making money. Where are those amazing opportunities now? Everybody still just hopes it keeps dropping, dropping, dropping, dropping for how long?
This month, Ethereum is 1,200. You’ll see.
And if you want to play the long term, you’d better buy at the bottom—don’t let all that profit get wiped out. Hook up and “talk” your way through a market-manipulator—back and forth until it messes up your stomach, until you get pregnant, and then you end up the one taking the loss.