ETH

hemorrhoid-tickler

BTC, ETH, DCA and go watch TV

MariachiArchery

This is why it is so important to go into the market with a plan. Looking at the charts should not make you anxious. It will lead to bad trades. As the market cycles, it is OK to adjust the plan, but you shouldn't abandon it because you got anxious. Trump's presidency will end in 2028 (well, '29), it is extremely likely we'll get a Democrat in office. Dems *always* pump the markets. This event will coincide directly with the next halving. It should come around a year after the next halving, which is typically when we see the market really take off following the halving. Over the next 3 years, the markets will be in the dumps. All of them. The writing has been on the wall for years, SP500, NASDAQ, Crypto, AI, everything has been overheated for years. They need to time cool, and that will happen over the next few years, and we will enter a recession. Coming out of this recession, we'll have a general election that will coincide with the halving, the AI bubble will have popped, the war in Europe will likely be over, and the markets will rally. BTC and ETH will be primed for explosion. 2030 is my exit, and I'll be buying during this 3 year crab.

the_superbatman

I don't think that retail demand is enough to fuel another leg up. Its institutional demand thats racking up new ATHs. Really depends on what institutions like and as far as I've understood institutions are looking at Btc, for its simplicity and store of value status. While ETH does have some digital assets treasures its not simple enough that institutions are willing to pile money into it yet. The other dont even get to investment consideration stage at all.

substandard2

I am down 900k, this is from the all-time high. I never said I lost 900k, I haven't lost any money in crypto. My worst sale was 1.2 million worth of siacoin at .0035 then watching it go to .04. I still made a boat load of money from it. I was on the first batch of siacoin miners and we had 80 of them. I also ran 62 eight rig amd 580s dual mining. I still hold almost 50% of the large amount of ETH that was mined. I have been very profitable. Even with the z9 minis I turned enough profit to buy several rentals.

WrathofTitus

I appreciate it. I'm not a cultist by any stretch as evident by my allocation....see link since I can't upload a picture here for some reason. I used to have a little of everything, but in the past 2 years or so, I've really downsized the amount of tokens. You just need 50% BTC, 25% ETH or SOL, couple of protocols, and one moon bag. https://photos.app.goo.gl/uJzcY2jkEPsuZAsr9 Anyways, I hope you're successful. Just remember, it doesn't matter what price you bought BTC at, it only matters how much you have; which usually is never enough.

andys811

I respect that. And I almost agree except from I do think a handful of alts will survive, most of crypto is definitely dead, that's pretty standard for most crypto. But I also think genuinely good coins like ETH or SOL get put into the same category of shitcoin when I personally think they will continue to do well with BTC

CaffeineComaMode

Still is, bought ETH when it dumped to $1500-$1600 back in May, also bought a nice bag of BTC at $77k before it pumped

CaffeineComaMode

Sorry to break your illusions, but yeah - it does. What you're seeing rn is temporary and nothing more but market manipulation. As soon as it ends, you'll see BTC, ETH and all the other big projects breaking new ATHs.

BraveUnderstanding15

Hell yeah I still have BTC I acquired through mining, ETH too!

WrathofTitus

They literally say the same thing every cycle. Remember the beginning of the last bear market when they tried to paint BTC as some energy monster that is destroying the planet. Kevin O'Leary famously said he's selling all his BTC that isn't carbon neutral. Then the ETH bros tried to get onboard saying they're carbon neutral. Fast forward years later and BTC printed an ATH years before ETH did. The point in trying to make is BTC will always be top dog.

WrathofTitus

Saylor is about 7 million from being in the red and most likely will be in the red very soon. Did he fail in crypto? What about Tom Lee? His ETH company deep in the red. Did he fail? One thing you need to learn, is you haven't lost money till you sell.

AceKittyhawk

I sold whatever alts I had (including ETH) in early 2022 half to fiat half to BTC when I realised things were not bouncing anytime soon and roundtripping alts would be a lot worse than roundtripping BTC and i am grateful I did. It was psychologically difficult since we had just come off off ATHs, but looking back it was good for me both financially and emotional well being wise to not hold alts bleeding all those years (and never even get back to where they were back then this cycle… though this was unexpected for most!) We don’t know what will happen exactly but rotating into BTC gives you still exposure to crypto but minimizes the risk of holding an alt that may never come back (still have a tiny bag I couldn’t sell at the time and held on to that is a painful reminder, fortunately it’s tiny….)

MakCapital

No long term L1 investor cares about whatever Trump political hot topic there is of the day. If anything global instability is bullish for Bitcoin long term. We do care about the regulatory changes Trump's admin accomplished for crypto which positively altered the mechanics of capital flow and adoption of Web3 in general. Down to us racing to add privacy into major chains before the end of Trump's term, real legislation/guidance, extremely pro crypto regulators ready to communicate/assist, and lawsuits against anything Web3 dropping. We went from "Touch Web3 and expect jail or endless lawsuits" to "everything gets tokenized". This saved the US crypto industry. The event that happened on 10/10 was the announcement that there would be serious consideration to remove crypto treasury companies from stock indexes if they hold over 70% in a single asset. This means no more guaranteed buyers of Microstrategy and related from large indexes like NASDAQ 100. Translates to dats having much less buying power across BTC, ETH, SOL. One of the largest buyers of L1s. DAT game ends, and tradfi buyers shift to ETFs as they should. Only reason why we needed dats, is the previous admin refused all crypto products. Ended up with crypto bags pretending to be companies 🤣.

AidoKush

I usually reply to idiots in a harsher and more insulting way, but since you called me an idiot I will be just balling with you. So here we go. First, I can assure you I have succeeded in many businesses and I am doing very well financially and I never bankrupted. I am pretty sure I must be doing better than you but nonetheless I don't wanna judge you and your wealth or mental being because it doesn't really matter. In my books bankruptcy is not 'smart' in any way, especially if done continuously because you simply are a failure. **You are defending a pedophile because you secretly like the pedophile, you are showing empathy towards the pedophile and its failures.** I didn't pour money in shitcoins. I bought BTC at 3$ in 2011, 10$ later and 700$ in 2017. And ETH at 3$ before the big jump in 2017, Render at 0,09$, Bonk in January 23, and SOL on ICO and many more ICOs like Tezos, Stacks, Mina etc. To me BTC at 80k is a delight, to you it is a market crash :) And as you might be drooling around these numbers and doing calculations, and they might be hard for you to believe, it is true, I exist and people like me exist. People smarter than Donald, Barron, Eric and all the shitshow company. Bro, I bet you still own a $Melania coin with -99% value crying in bed every night. And yes my friends love be because some of them got crypto riches too as I got them involved early. FYI, as an idiot, I read, I study, I analyze, I execute and yes, I sometimes fail - true, but I take them as lessons and learn from them and do not become an arrogant shit calling people idiots on the internet for no good reason.

Small_Appearance2014

Aside from BTC and ETH, I’m eyeing RYO. Solid ecosystem, real utility, and a good long-term build. 💯🚀

piggleii

Is it any wonder that the hero for ETH bulls is someone who is heavily underwater? Makes complete sense.

csmflynt3

Long-term, this has proven to be correct 100 times over now, unfortunately. I think a few other altcoins could be added to this list now, so it should be safe with BTC, ETH, SOL, and BNB. As someone else said, it unfortunately doesn't correlate to which has the better tech anymore. In the short term , altcoins have way more upside than BTC if you know when to get out

chief_erl

I mean…. Does anyone remember REQ and how big they were gonna be? I had a nice bag that tanked and never recovered. Also had a bag of WTC that was a scam. I bought into ENJ during the ICO. That seems to be a dead coin that will never recover. Many alts die during the bear market. It’s true. Luckily I bought enough BTC and ETH to still make a good profit despite my losses.

AceKittyhawk

It’s not obvious at all that any altcoins will recover at all when even ETH couldn’t regain previous ATH… if this cycle ends like this with no altcoin season and blow off top, people will have little reason to buy altcoins ever again. I’ve been in a similar situation to you and OP in 21-22, but I sold my alts (including ETH) half to fiat half to BTC when I began to think things were not going up again for a long time. Best thing I did re crypto because look at it now…. It felt horrible selling 20-50% down from recent ATHs but the alternative would be holding them for years on end and never even see any return! Roundtripping BTC is one thing but alts another. So OP if you see this, idk the right answer for you and I know it’s hard. You should definitely consider how to not round trip your alts. If you’re worried about losing all potential upside by selling now you can sell part of your portfolio or convert to BTC, which has a much higher chance of recovery than altcoins. Bear markets arent kind to alts, the tech or the fundamentals wont matter and they crash harder than BTC and many of them never recover (and this time around possibly all of the alt market). I’m sorry you went through this as so many people do. I hope whatever you do you can find some acceptance. It’s impossible to time the market and this cycle rather bamboozled everyone…

MaxxGawd

The bottom is triple digits. The time to buy is next year at the earliest. Don't buy ETH anymore tbh. This cycle it really underperformed BTC. You're more than likely in a Crypto bear market now, so just buy BTC when it's 50% below ATHs. It will perform better than ETH for 2028 cycle.

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Django_McFly

ETH went like less than 10% over the 2021 high. First cycle hits like $1400ish. It's second it does a little bit more than a 3X over that. The next one, sub 10%. If that trend continues (trend of one, I know) it might not make it back.

BTBL1

There’s no buying pressure, and the liquidity sweep that happened during the Asian session doesn’t seem to have been enough. In the worst-case scenario, BTC could possibly reach 75k and ETH around 2.15k from here. Could be great trade setup

andys811

I bought XRP around 0.4-0.6 range, I'm still holding onto it and I'm not sure why, it made sense in that range but now it just feels overpriced because no-one really uses the XRPL for anything (enlighten me if someone uses it other than buying memes that suck) so something big needs to happen (which it could but more uncertain than just buying BTC or ETH which have more clear reasons to buy. Also people that do use XRPL for whatever reason, apparently everyone just uses the default UNLs which effectively means the same few people validate all the transactions on the network, which isn't exactly what I would call decentralization. To me the biggest reason and why I don't buy more is because of the initial distribution of XRP and how it was all pre-mined and given to Ripple and the founders, all 100 Billion tokens (80B to Ripple, 20B to the founders). There's no reason Ripple should have so much imo....

VariatCA

Companies/Treasuries are thinking on timelines just a little longer than a couple months. With no immediate need nor desire to sell any time in the near future, they can also put their ETH to work and stake it for a yield... a privilege Blackrock doesn't get to enjoy as a custodial ETF.

OverlordBluebook

Yep Fidelity lets you buy BTC, ETH, Solana, XRP I think one more directly. Just did it last week while everything dropping.

Suspicious-Skill1934

So far ETH did shit, asking myself what would happen to him if BTC go to bear. No new ATH nothing...

Indi_Cat123

If XRP keeps going down, then it won't outperform shit on the yearly chart. That percentage if decreasing fast for XRP. BTC/ETH performed much better this year. That's of course talking if everybody played it right by taking the profits near the ATH, which... Most did not (Including me).

crypto_trust_fund

“Buying or not depends on your risk tolerance, but splitting between major assets like BTC/ETH/XRP is a common beginner approach. Just remember the most important part: how you store your crypto matters more than what you buy. Exchanges aren’t designed for long-term holding, especially with new tax and regulatory changes coming. If you need help understanding safe storage or how to protect your assets, feel free to DM me.”

iTzSonicHD

All we can do is hope and prey that our Alts don’t crash and burn. Otherwise next cycle I will only invest into BTC / ETH

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Post is by: iTzSonicHD and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1p3bdbh/people_keep_saying_alts_always_die_only_btc_eth/ Lately I keep seeing the same comments everywhere saying the reason so many people are negative on crypto is because alts never recover and that you should just stick to BTC and ETH because they’re the only ones that have proven they bounce back every cycle. I actively DCA into SOL, SUI, LINK, and RENDER, alongside my ETH and BTC. But I’m not going to lie. All the posts about alts dying off each cycle are starting to make me overthink things. For those of you who’ve been through past cycles: Have your alts ever completely failed or never recovered? If yes, which ones? And on the flip side, which alts actually did come back strong? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

9jal

Yeah, those were the days...the days where I lost 70%, sold ETH at $400, and swore to never touch crypto again lol

wmrsion

I buy some ETH because of the relationship with JP Morgan and Goldman Sachs. Both institutions have been offering investments and stable coins through ETH only. Ripple was supposed to dominate this space for American banks. It’s too hard to understand where crypto is going with the end of QE, money supply being increased, and the eventual inflation… be cautious and do your homework.

Impossible-Weight852

I won’t consider putting in a single dime until BTC breaks below $60K. I started selling off a percentage when ETH was at $4.2K and BTC at $115K a few weeks ago. This was when it bounced up. Why? One reason was because cryptosrus said we would have a huge rally. As you know, he’s always wrong like Kramer is wrong about stocks.

GardenKeep

Sell and do what? I don’t need the money. Buy stocks? I already have a significant amount of my portfolio in stocks. Buy a Lambo? I’m good. I believe in ETH and have no need to sell. Why would I sell? Long term it will go up. If everyone just bought crypto with money they were OK with losing, then people wouldn’t be in total fucking panic right now lol. Tbh I get second hand embarrassment watching people react to what’s happening right now.

j0ker31m

Im still holding 100% im in the red, and it'll probably get worse. But I'm DCA'n all the way down. I dont buy the "crypto is dead forever" hoopla. I've been collecting bitcoin for years, and if i take out on a downtrend d, it always reverses on me immediately. My bags have shrunk from chasing dips many times so I just accumulate. Im currently holding BTC, SOL, and ETH and I'll just collect more with these black friday prices

thatmanontheright

At least BTC and prob ETH will recover. The rest will all fade and some new coins will take their place

baIIern

>Main cryptos (BTC, ETH, XRP, ADA, etc) will certainly recover from this bear market I bet people said that about NEO, NEM or whatever coins we had in 2017

Volgrand

Okay, I was in the same situation some years ago. SO first question is: DO YOU NEED THIS MONEY RIGHT NOW?If the answer is "Yes": Sell now, and stop losing. It sucks, but if you need the money, accept your loses and carry on. Let's say you DON'T need the money right now. What to do? **HOLD.** I'm not a guy of "hodl" no matter what. Let me explain: Back in 2021 BTC reached 65k give or take. I sold, made profits. OH YEAH!. Then it dipped to roughly 60K, I bought again thinking (among other coins) thinking prices would keep rising... And well, they crashed. My wallets were at -80% benefit. So I decided to let it be. At the end of 2024 I started seeing some greens in my profits. And just a few months ago I sold to stablecoins, recovering my whole investment and getting profits. **SO WHAT'S MY ADVISE?** Well, I moved away from ALTs long ago. They are like chasing a golden goose. Main cryptos (BTC, ETH, XRP, ADA, etc) will certainly recover from this bear market, but it may take time. You need the money? Sell now and don't lose more. You don't need the money right now? Wait. It may recover. Or not. **Never invest money you can't afford to lose!**

ubermensch1001

I don't sell Bitcoin at all and my ETH and ADA I'm still up from my dollar cost average.

YogurtCloset3335

Well I guess there are all kinds of wallets? Exodus for example supports ETH and all ERC-20 tokens, but also supports basically all top 40 cryptos from BTC/DOGE/ZEC/TRX etc. It's a big app but it seems to work. At the end of the day, nobody cares which protocol or SDK is used if their payment product WORKS. Certainly there will be winners and losers but they'll be chosen based on a variety of factors. The amount of consumer adoption will likely be the most important however. Oh, and which wallet/coin/system gets hacked the least.

Parcon1702

I simply pay with my credit card in BTC, ETH or Solana however I want. But I haven't tried it at the flea market yet.

Downtown_Ship_6635

It is truly a spectacular failure of the very original use-case proposed for these "tokens". I think it cannot work as money exactly because the volatility. We need central banks to actively stabilize fiat value for it be useful for everyday life. But I find a niche and reasonable use case for these tokens as (and that is the true utility) the gas fees for these "decentralized" computer networks, which create a "backup" of anything you store on the blockchain "forever" for free and also can do some computation for you. So far, the only crypto I have actually "used" was ETH - to deploy and interact with a smart contract :D

binary_quasar

I dont need to huff copium. I've been here for almost a decade and took profits at $120k and ETH at $4200. Just bought a new house for my family with the profits. You're just big mad. Probably because you bought alts or are in leveraged positions that are underwater or liquidated. You're just flat out wrong, bro. This bull run was awesome for me because I made an investment plan and stuck to it regardless of hype or feelings, I didn't buy dogshit altcoins, and took profits newr highs. I DCA'd into bitcoin for years and this is what happens when you do it right. Stop being a cry baby. You're an adult. Take responsibility from your bad decisions and learn from it. Or, i guess you can just blame everything else but yourself and try to convince yourself you arent the problem and the market is. Don't come to a casino and cry when the house wins.

DebtSmart

ETH 4k by eoy

Sandharbor

Interesting article, thanks!  Was trying to figure out what I’m missing. TRX only top 10 coin people are quiet about. I relatively know little about.  Then I analyze fees collected over 30d followed by market cap.  Tron 32M (26B MC) ETH 25M (331B MC) BSC 23M (113B MC) SOL 23M (72B MC) I’m gonna ask questions. 

_DigiTap

Trying to call exact bottoms is tough, especially with shaky macro. Watching key levels like BTC 90–95k and ETH 3k–3.2k makes sense.. if those hold, a bounce is likely. If they break, more downside is possible

Sandharbor

That’s what catches me. Hard to ignore when the top chain by fee’s are ETH, SOL,TRON, and BSC and it varies by day and month which one is top dog at the time, but always comes back to these ones. 

ubermensch1001

I'm buying, man. I'm still up on my investments this cycle with BTC, ETH and ADA. I added a bit to my BTC but buying a lot of ADA right now.

Backieotamy

Have patience. I dont know what youve bought but you are right, there is no reason to panic this is the not the first or last fire sale and it will rebound. What I have found is the length in time between recoveries is getting shorter. If you are primarily invested in BTC, ETH, SOL, XRP, BNB... (the top 10) you will recover and get back into the profit zone. Your thought's, it's only numbers on a screen is perfect; the only people who need to panic are people who need that money right away. Hell, Im about to cash out a fair amount from ETH to help cover an unexpected trip to Florida soon. The truth is, I will be cashing out on positions I opened at $600 dollars. So will be taking a loss compared to two months ago but will still be a large profit compared to when I bought them, and thats how I look at it.

Django_McFly

I started exiting my alts like 3 weeks ago. Got out of most of my ETH last week, exited most of my BTC this week. I got into crypto in 2020 and will be forever scarred by 2022 and 2023. I'm not doing 2022/2023 again. I'm not riding things down 70%+ for lols. I actually was able to buy low during that time. I bought some tokens for the express purpose of dumping them next bull. I missed their ultimate peak but still got good gains. I'm setting up for the next bull run (my 3rd). I didn't ride everything down to losses for lols like my first bear. I have the bag of stables that I wish I had in my second bull. I think that like my first bear, there will be points where there are obvious buys, even if the price drops lower... like $1k ETH, $10 SOL, $20k BTC. Especially when I use defi and stuff so I have a decent grasp on what chains are dead in price and activity and which ones are only dead in price. I wish we were still in a raging bull but it's whatever. The thing that always happens happened.

coinfeeds-bot

tldr; BitMine, led by Tom Lee, reported a $328 million net income for fiscal year 2025 and announced its first annual dividend. The company plans to launch its Made-in-America Validator Network (MAVAN) for Ethereum staking in Q1 2026, following pilot tests with institutional providers. This initiative aims to utilize its growing Ethereum holdings, which now exceed 3.5 million ETH, through secure, US-based staking. Backed by major investors, BitMine is expanding its strategy beyond accumulation to strengthen its position in the crypto market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Based_Thanos

You should leave him if he’s an ETH holder. 😂

SeriousGains

I mention it all the time here. And every time I get massive downvotes. This sub is highly biased toward ETH.

pop-1988

If they sold stock to buy crypto, a price fall reduces the stock price. It doesn't affect the company's solvency If a company borrowed to buy crypto, the story might be different. But MSTR structured their loans to convert to shares. This means the company transferred the risk of price falls to the lenders. Also, the consequent share dilution affects all shareholders > how low does Bitcoin and ETH need to go before we see these same holding companies have to liquidate positions in order to pay back investors? The companies have no obligation to pay back investors. The investors bought shares, not bonds. Their share prices fall. They can sell shares and take the loss, or hold and hope The companies never have to sell

noviwu97

Definitely not worth the risk to short now. I had a 3x short on ETH that I opened at $4100 and closed at $2700 after it bounced from $2600. Will let the volatility died down a bit before deciding the next step.

Sandharbor

Looking for ones actually being used and taking in fees, creating revenue for the chain/protocol. I own and will accumulate some of these based on them taking in high fees, decent tokenomics, some in addition buy back and burn making them potentially deflationary.  AAVE  SKY   SOL ETH COIN(stock) it’ll benefit from multiple facets of the market; Base, Aero, USDC, being an exchange, coinbase ventures, holds crypto on treasury, etc May add UNI didn’t do good this run but is established, implementing a burn to reward holders, and takes in one of the most fees. 

Nice_Daikon6096

BTC yes, ETH and XRP especially are trash. If you want utility, HBAR. If you want to retire early, 401jk.

RamoneBolivarSanchez

Funny enough my wife trades against me and her track record is impeccable. She actually just does the opposite of what I do and she sold BTC at $120k and ETH at $4.5k lol.

biggest_guru_in_town

Bitcoin,ETH,XRP,DOGE. Probably Solana,BNB. Yes its regarded.

biba8163

> Eli Lilly reached a $1 trillion market capitalization, the first health-care company in the world to join the exclusive club dominated by tech firms. Bitcoin became a $1 Trillion asset 4 1/2 years before the 1st health care company reached $1 Trillion. That is pretty mind boggling how big crypto has become and why people say it makes no sense for made up internet money to be worth so much. But to crypto it's a disaster if BTC falls below $100K. Lets all realize what we're invested in and the asset that we're invested in is already on the fucking moon but we're just trying to get to Uranus. ETH has been gyrating between $300 - $500 Billion marketcap. Muh, digital oil should be worth trillions in marketcap. The largest real world non-sovereign oil company, you know that the ones that you fill your car up with and without them the world stops working, Exxon Mobil is less than $500 Billion marketcap. Then there are over 60 cryptos with $1 Billion marketcap. And we believe if these are dumping it makes no sense because they should be going up for some reason.

RandomJoe7

Yeah, ETH spawned the whole shitcoin-era... a bunch of copy/paste projects that nobody really needs and are mostly just money grabs for the creators. And since then spawned a bunch of other protocols like it, that are also only used to create more copy/paste shitcoins, just on a different protocol. The tech is not really needed, ut can be solved in other ways - or I should say, even with the tech, the tech does NOT benefit from it being "backed" by a volatile currency. If these "currencies" are ever used on an actual large scale industrial case by companies, you can bet your ass that the sender and receiver of those currencies are more or less instantly converting it into Fiat. So basically the value of the cryptocurrency is irrelevant. ETH isn't even inflation proof, which at least BTC has going for it. The only reason these things have value is because people are speculating/investing in it, not because the tech/use case needs it to have value.

Wadafak19

I held SOL and ETH only. I regret it.

SillyMoneyRick

Don't see the use for ETH? Nearly all smart contracts are written on ETH as well as the ocean of L2's.

RandomJoe7

Yes, I bought a top 5 alt coin in 2017. It only reached about half its ATH in 2021, and is basically dead now. This cycle I only bought BTC/ETH in the low of the bear market. Then sold all of it last month. Now I have much more liquidity to re-enter in future, compared to if I continue holding BTC/ETH (already down over 30% from when I sold). Also I regret buying ETH (I only bought it because it outperformed BTC in 2021), it did much worse than BTC this time around. So going forward: only BTC, no alts at all - they're all hyped shit.

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One-Eyed-WiIIy

Things aren't different, until they are. If you're so confident then short it? Bitcoin had a 25% draw down in March and recovered. People are just trying to fade crypto because of the 4 year cycle, but completely disregarding that the environment we are in IS completely different. The money printer is turning back on, the regulatory environment is clear, and institutional adoption is just ramping up. ETH is growing on near every metric other than price. Wallstreet is tokenizing assets, and building. Really, what more do you want? Price is a terrible indicator, it's based on an irrational market.

Coquito3000

yes and no. When I invested at first, I invested for the tech. Ethereum sounded like it could be a revolution. As 2018 hit and I crashed more than 90% I just gambled more. I lost hope but I kept throwing money out of habit. Now there is a problem of suddenly making money. I am a simple low rank soldier. I never managed this much money. In 2021 when I was looking at 3.4M USD and considering my options, I realized that I will pay over 30% to the government. After that, I could buy a house but a home in Hawaii costs about a million or more. I looked into businesses where I could make this money last forever. But I also recognized that Im a simple soldier and this dumb mistake, gamble or lucky chance may be the only way I ever made money. I am not a business person. I am not great at investing. I didnt know what to do. I consulted a financial advisor in the military from their free services. But they were obsessed with saving investing and becoming a millionaire in 20 years. When I said I am a millionaire now and I dont know what to do they were stumped because I suppose they dont know either. Anyway I didnt tell anyone else. So there was never a exit strategy. I just invested in what seemed to be a new tech. Now after running from cycle 1 to cycle 2, I reenlisted in the military hoping that I could catch another cycle. But between cycle 2 and cycle 3 it crashed again. And I had a 4 year contract with the military which is about to end soon. Now my plan was to sell around January so I can pay the taxes in April 2027 and move all the money to VOO. Anyway, whatever the price, this is the exit strategy. January I ll look at the market conditions and unless it has crashed substantially, I ll take the money and run. I dont believe in ETH anymore but I wanted to delay my taxes so I could profit of the money before I have to pay taxes. At 3.4M, I would have to pay around 1M on taxes and if VOO generates me 10% during that year we could be talking about 100k. Anyway, the thing that is clear is that yes, Im gambling and yes I dont know what to do with money.

xInfinity962

Ayoo me too! Needed to get a surgery done so I sold my ETH at roughly $3,200. Kicked myself in the butt when it rose to $3,400 briefly telling myself I should have waited but boy am I glad I didn't.

zoppytops

Or it’s just someone with a long-term investment horizon. The truth is the price drops we’ve seen over the last few weeks are pretty normal for BTC and ETH. If you’re treating BTC like a long term asset and one component of a balanced portfolio, this is just noise and a good buy opportunity. It’s the short term investors who have over allocated to crypto looking for a quick buck who are freaking out. The same thing happens in the equities market. Stocks go up and down. If you’re DCA’ing for the long haul, you stay disciplined and stay the course.

Aerocryptic

I know the story and I know the issue with btc's long term security model. All I'm saying is that the tribalistic approach is somewhat laughable. If ETH is truly better than everything else, then the market will one day recognize it. Until then it's still the contender and it has everything to prove. I don't care who is going to win this race as long as I get my bets right anyway. And thankfully I didn't buy any ETH this cycle

noviwu97

Whenever I hear him speak, it always gives me a scammer vibe. But at least he's actually buying shit ton of ETH above $4k. Anyone who sold ETH above $4k should thank him for the exit liquidity.

Coquito3000

Because I lost money by selling to early when I started to invest with stocks. And when I started to invest in ETH it hit 1400 and crashed to nothing dragging me to -90% lol.

Aerocryptic

Your super utility coin was funded by a memecoin lmfao I made most of my crypto money riding the first ETH waves but you guys should be a little bit humbled by this cycle. Maybe you should rebrand ETH into a memecoin afterall if you think that's what gives BTC any value

whisperedstate

New cope? I've been calling BTC that for a decade. It is the king of memecoins. "A meme is an idea, behavior, or style that spreads by means of imitation from person to person within a culture and often carries symbolic meaning representing a particular phenomenon or theme." The Bitcoin network is completely useless other than for simple transfers. The only thing that gives Bitcoin any value is the fact that it is a meme. Ethereum on the other hand has utility because it has a nn embedded virtual machine that is turing complete. I can take my ETH and swap it for a ETH-backed stablecoin with no trust assumptions. And that is the simplest type of utility that can be created on the network. This is impossible with Bitcoin without a hard fork. This isn't a gimmick either, it's litteralyt the only way you can build a sustainable network. Bitcoin has no uses, therefore no income generation for miners other than the block reward, which HALVES every 4 years. Bitcoins live in lalaland.

PMmeuroneweirdtrick

ETH is solid tho it'll eventually be back to 4k plus.

biba8163

Thomas (Tom) Lee (bagholder, not drummer). Today is saying that crypto is a leading indicator for stocks. Yesterday he was trying to explain what went wrong with his BTC and ETH EOY predictions: **The bullshit spewing out this man's mouth would give Trump a run for his money.** > I think the crypto market has been limping along since October 10th because on that date was a negative shock. Today's market looks a lot like what happened on Oct. 10. That liquidation was so big it really crippled market makers. Market makers are critical in crypto because they provide liquidity. *They act almost like the Central Bank in Crypto.* If they have a hole in their balance sheet that they need to raise capital for, they need to reflexively reduce their balance sheet, reduce trading, and if prices fall then they gotta do more selling. *So I think that this drip that's been taking place for the last few weeks in crypto reflects this market maker crippling. In 2022, it took 8 weeks for that to get flushed out. We're only 6 weeks into it.* > There's a lot of automated processes in crypto. One of these is ADL (Automatic Liquidation Feature) that would take place if someone's account or collateral dropped in price, it's essentially like a margin call. On a specific exchange a stablecoin's price varied from other exchanges. Stablecoins should stay at a dollar but this one dropped to $0.65 but it only happened within the exchange quotes, within this exchange because of liquidity. That triggered an ADL across many accounts and as that spread across other exchanges because liquidations cascade. Almost 2 million crypto accounts got wiped out even though minutes before they were actually profitable accounts. > What you should keep in mind that *this error is essentially a Bug. A Code Error! In retrospect they would have pulled pricing from across exchanges to set the price of the stablecoin rather than relying on internal quotes. So this has resulted in a lot of market makers and traders having less capital and as you know as crypto prices drift lower because trading volumes drop they need to then have more capital available which they shrink their balance sheets further. This has been that reflexive weakening.* https://www.youtube.com/watch?v=oVHBSwN0b1Q

Aerocryptic

Is it the new cope on the eth ETH subs to call btc a memecoin?

Equivalent_Willow955

Cashed three days ago after 4 long years… not confident bitcoin will go much (if any) higher this cycle. If I hadn’t frequently tested the waters of alts, inc. ETH, I’d have about twice the profits! But hey ho

SamuelAnonymous

If that's the case then you weren't buying what you should have... If you'd been buying BTC it literally would have been impossible NOT to be in profit. Alts are often an expensive lesson. I'm personally heavily invested in ETH.

CallousBastard

Focused mostly on BTC and ETH this cycle, altcoins seemed like a dead-end. Sold all my BTC (that I'd owned since \~2015) a couple weeks ago while it was still above 100K and made a decent profit. I still have some ETH, which unfortunately I had bought near the 4K top last cycle, I might sell that too by the end of the year for tax loss harvesting. I believe that crypto will continue to implode for awhile and we're not anywhere near rock bottom yet. I'll likely buy back the BTC and ETH in another year or so if/when I think prices have stabilized somewhat at that bottom.

RandomJoe7

I think it's because through the last decade, more and more people have come into contact with crypto and all the negative aspects of it. Almost everyone in western world with disposable income has either dabbled in crypto themselves, or know someone who has, or have talked about it at their last christmas party. It's in the news constantly. But mostly people have very negative associations with crypto and specifically alts: rug pulls, scams, copy/pasta, money lost, complexity, high fees, NFT bullshit, etc... People are starting to see through the "fake hype" and "broken promises". People are tried of being sold a lie, of losing money when gambling on all these shitcoins. And reality is, this whole scene started on ETH... that's where all the copy/pasta bullshit coins originated from. When that whole hype continues to die down over time, ETH will feel it and slowly bleed out with it. Something like the ETFs can legitimize it and save it from actually dying, but other than that...

Parking-Engine-4130

I already sold all BTC at 120k and ETH at 4k7. Now I start to DCA in BTC again

razorgatortt

At this point, buy more BTC or ETH?

RandomJoe7

I only bought BTC and ETH in this cycle. In past cycles I always had several alts. However, I regret also buying ETH this cycle, as BTC outperformed it quite a bit. I think ETH will also start slowly bleeding out over the next years/decade, I just don't see the use for it. I will only invest in BTC going forward, unless some other news comes up that changes my mind on that... :)

DullTranslocation

Huge amounts of bitcoin were liquidated yesterday due to longs beind closed. Retail buyers freak out. A few whales moved hefty bags to ETH as well.

DoctorMario1000

Great day to buy ETH /s

Coquito3000

816 ETH. It's easier to say that. It may be 1M or less soon lol.

SwimOld5053

This is absolutely bad advice. The point of playing DCA right in crypto, be it for BTC, ETH or any alt, is start doing it when we are approaching the bear low zone. Then DCA in till halving, and DCA out as we are approaching previous ATH, or above levels. Not financial advice, but this is how many of the succesful playbook followers do it.

SwimOld5053

Yeah, many people expected the prices to rebound / top towards Nov/Dec for ETH and alts, unfortunately that never came late as it never came at all. Truly depressing performance. But it's better to sell now than later with further -20%, -30% or -40% etc. Next chance to start DCA in when the bear is setting at the bottom levels. There will be new chances again, also for selling next time in next bull, just need to time it better and take profits along the way.

Amount_Sufficient

I’ve been in since the last bull cycle. I took profits on my BTC about a month ago, but stupidly left my ETH staked. I tried to unstake it at the same time, but the queue is 44 days. Now I’m just watching my ETH gains disappear and praying there’s another bear trap by the time it finally unstakes so I still have some profit left.

nastimoto

Imagine that. And then get robbed of the gold. If it’s a realistic concern then hopefully developers can stay ahead of the game. Didn’t have much time to read into it, just been catching headlines. Last one being Vitalik Buterin raising the flag that the cryptography on BTC and ETH could be penetrable with quantum. Don’t know what this means for BTC as we all know it’s notoriously hard for devs to come to a uniform decision on a decentralised network. Having said all that I still have faith in BTC, total maxi here.

coinfeeds-bot

tldr; Bitcoin's price crashed to $82,000, leading to nearly $2 billion in liquidations across the cryptocurrency market. Notable figures affected include Andrew Tate, who was liquidated for the 84th time, and the 'Anti-CZ Whale,' whose profits dropped from $100 million to $30.4 million. Over 400,000 traders faced losses, with BTC leading liquidations at $1 billion. Altcoins like ETH, XRP, and SOL also suffered significant declines, contributing to a $300 billion drop in the total market cap. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Impossible_Soup_1932

I went in April 2021.. worst moment. Lost 50%. And that included some lucky trading, could’ve been a lot worse. But I kept at it. Mostly Bitcoin and ETH. In the end I sold most of my crypto at good moments. Not counting ETH, all my alts were sold with significant loss. Other than that, I didn’t get greedy and now I’ll put my profits to good use Just be realistic. Take profit and feel free to sell at -40% from ATH. Profit is profit

ckjake

ETH will still be at $4000 after 20 years

Luc1ferus

I will say what other might have done as well - I did not sell BTC, ETH, BNB or SOL at those high values, just because I had some margins set, and I never could have anticipated this to come so sudden. Yes I might have missed the peak, and I feel a bit concerned, but I take it as a learning curve and I stand by my actions then. I will not panic sell, as I am not looking to exit the markets. Am I scared that we'll be down for some years and I could have capitalized now? Yes, but I do not want to damage my mental health by overthinking it. I do hope other took profits, capitalized at max values !!

Da_wild_Joke

Im short on ETH till 2k

oneden

There is honestly no point investing in crypto. None. ETH has touched its old ATH once and lost it all again. BTC will keep going down. People constantly believe that there is some sort of global conspiracy going on, even though it's just the sobering fact that crypto is almost 20 years old with no utility. AI has more uses but lacks profitability, which might trigger and entirely different mess. But still, AI is a technology with future. Crypto is something for deluded manchildren.

harvested

I got down voted for this last time. But I find it hilarious that ETH only just touched it's previous ATH by $20 or something then went directly back into a death spiral. 😂

SpartanKing76

I know a guy who has been pretty successful in selling financial services (borderline illegally). His retirement plan that he announced to me in August was to go all In with ETH….he expected it to go parabolic and hit 10k. This is the issue, too many thick people taking investment advice off tik tok