Thread: Ethereum
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Old 24th May 2021, 00:17     #756
DrTiTus
HENCE WHY FOREVER ALONE
 
The stimulus checks also came out 5 months ago, and every idiot on the internet was picking team DOGE, BTC or ETH and shilling their own coin with their free money, with everyone certain they could double or 10x their money. That's not how a pyramid scheme works. Some people win, many lose. Bitcoin/crypto values are based on someone else buying them from you. There is no product or service except money flow. And when money doesn't flow in, and everyone cashes out... you've got your "wallet" etched in the blockchain forever as the last one holding the bag.

https://en.wikipedia.org/wiki/Disposition_effect - where you don't want to hang on to a stock that's dropped in value, hoping it returns.

If you're hoping for even more free money, be happy with what you've got. It's a sucker trap IMHO. Only leave in there what you would be happy to lose if you drop your wallet.



Ethereum is slightly different, but I think with its uncapped supply, when the mining is no longer required (PoS instead of PoW), then the value of one ETH won't be based on hashrate ie electricity cost, so there's no reason for it to be so high.

Make your own decisions, of course, but I would not recommend to anyone I care about that they put in more than $20 every now and then, and if you're holding large sums, get your money before someone else takes your share and the price drops further. Treat it like a casino, not a real business.
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