Forget BTC 100k - ETH nearing 4k

[djefferis]

This is going to be the truest test of crypto.

The run up in BTC has been great - and it has raised prices on other coins - but not nearly at the 40% BTC has seen.

True test of the rally is how ETH and other coins hold up. With ETH nearing the 4k point - I think it’s only natural to see a little resistance as we get near/over the mark and a pull back on everything.

This could very well be the time to buy. Let it cool down and then start acquiring a bit In anticipation of a second wind rally of 15%.

I think 2025 is a tough year for stocks - which is only going to help fuel a crypto rally.

 

[Archie]

go eth

 

[jjgold]

We all had an opportunity of a lifetime back in the day if we just kept buying and holding, but most did not capitalize

 

[djefferis]

Still may have the opportunity of a lifetime. It’s not like BTC went from a thousand of a cent to 100k overnight - we have been building to this point for several years. Lots of dips in between rallies and that’s my point - start watching and adding a little at each dip where you can - nothing goes in a straight line.

Buy and hold works - but don’t be afraid to take some profit and hold it back for future dips. Nothing worse than being 100% invested in a single asset and watching it tank. Unlike gambling - having an exit point at both the high and the low end only makes sense. Problem is too many exit 100% of their position as they hit these marks - need to sell max of 50% and have variable exit points selling like 10% at a slightly lower/higher price then another 10% next step until you hit a max of 50% - ideally you did well and you still have half your original position and if the price doubled you have just as much value as you started with - but also have a sizeable chunk of change to invest on future dips/buying opportunities.

If it didn’t work out - you lost less than those fully invested and you have an opportunity to dollar cost average yourself stronger than they are now if you believe prices will recover.