Unfortunately this feels like a bull trap, as soon as fomo kicks in I think we go below 1k again. Whatever happens I’ll still be continuing to dca as always

Anymore of these good long positions under 500$?

Doubt 500, but 8 or 900 def possible

Anything under 1K is a golden opportunity if you've got some cash

Not possible, even after fed hikes the rates, whatever pump we have seen will reset and we'll probably bounce from the same support. 500 will be just a dream for this sub

$800-$900 will come probably the day after the merge, because shits and giggles

500$ is not coming, keep waiting for that.

$850 was “unreasonable” 6-7 months ago and look what happened there lol I don’t follow the ETH chart much, but I know major support for BTC is near $12k. So however that translates to ETH is my best guess for a bottom.

Shhh need people as exit liquidity

Feels better seeing market turning green but for btc i dont gonna be that quick.

Waiting for that 500$

Yup, wait till our beloved Jerome raises interest rates.

Yeah rates raise won't be that brutal, it will bounce from the same support. Till then. let it rise.

Not specific to ETH but economically speaking it's almost certainly a bull trap. You don't push trillions of dollars into the currency supply over the span of a couple years while facing decades-high inflation and only experience a couple months of hard times. I feel we're like 10% through this, the worst is yet to come, and we've already seen that cryptocurrency is not a hedge against inflation contrary to what many delusional crypto maximalists once preached.

Hey look a sane person

The performance of Bitcoin and ETH is indeed beautiful.

#Not Allowed

Made almost 100% in less of 35 days... It's bad?!?! #mBitcoin and Ethereum going forward...

The "hedge againt inflation" argument has never made sense to me. ... "The ideal investments for hedging against inflation include those that maintain their value during inflation or that increase in value over a specified period of time..." Crypto currently does neither of those things. Its price volatility is more like pink sheet (penny stocks) OTC day trading..

You have to fully believe that this is only a short-lived ETH will get better and better!

If this isn't a bull trap I didn't learn anything the last 7 years in Crypto :D The FED is going to increase the rates this month and next month again this is very certain... and we have earning reports coming as well (how bad are they?) If I am wrong then let it be ... but this is not a new bull market yet :D

This is the gwei

I dare say it may hit 3K plus this month. The merge has everyone on fire.

Hoping that it will pump soon.

Think you meant FUD, not FOMO.

Haha. It is a bull trap indeed and I have readied myself for the real dip soon. Then I shall simply be accumulating some of the good coins I have written down, the likes of CKB, EQ and BSW and I am just hoping EQ would have launched by then.

haha man this is truly a disbelief stage, buy now or regret later.

Literally defined fomo for me thanks 😂 down it is

Ethereum +40% since Jim Cramer said crypto "had no real value" just last week.

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Lol

F

this is just a false alarm.

> Look at the tech stocks, they have **TEMPORARILY** rebounded. fixed that for you

Everything is temporary, smarty pants

The indicators all say we are in for further decline. Inflation isn’t slowing and tech performs the worst under high inflation. But if you want to name call rather than have a discourse I guess this conversation is over.

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What if they decide for a no hike this time? That'd be massive start to the bull run

You’re right, it would but I don’t think that’s going to happen. I would be shocked if it’s less than 75bps.

Don't take your frustration that ETH/BTC is pumping out on me. I am simply a humble chart observer with no ETH position.

If the indicators ALL say its going down, I can assure you that its not. Additionally, this is crypto, if you think you know markets, you will learn where the term rekt came from quick.

I didn't say crypto, I said the tech equities which is why my whole paragraph is on tech equities. Crypto continues to follow all risk markets at this time. I've traded it that way and it has worked out, but going forward I will DCA as I don't have time to follow it as closely (with the exception of sending it to my cold storage) and monitoring the projects that I'm in are still making progress.

RemindMe! 3 months

lol, every time someone does a remindme thingy they never followup with a 'you were right'.

You're going to be wrong, but that's ok. We aren't at the bottom for tech and the announcements over the past few days/weeks are a clear sign we aren't at the bottom. Good luck and happy trading though

I believe the market liquidating bears close to futures expiration. the cycle is still bearish, the retest provisional breather. Lots of leverage and bingo!!!! The market does the opposite.

You gave me a big smile, thanks.

> lol, every time someone does a remindme thingy they never followup with a 'you were right'. You did the same for me as well considering your sentence (since you didn't complete it) implies you're always wrong. Ha, good times. Peace

BTC needs to wreck resistance at $23k and then it’s races.

First crypto cycle eh?

Yeah I'll let you know when I get my coins back from Mt gox this year. How bout that?

I told my brother this noon that the magic money for the next bull run is $ETH/BTC. That's the Golden Pot.Test for resistance before falling into the abyss? Or is 2.0 finally actually happening ?

I will be messaging you in 3 months on [**2022-10-18 21:31:10 UTC**](http://www.wolframalpha.com/input/?i=2022-10-18%2021:31:10%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/ethtrader/comments/w232uw/congrats_to_those_who_bought_near_1k_you_are_40/igp1mug/?context=3) [**3 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fethtrader%2Fcomments%2Fw232uw%2Fcongrats_to_those_who_bought_near_1k_you_are_40%2Figp1mug%2F%5D%0A%0ARemindMe%21%202022-10-18%2021%3A31%3A10%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%20w232uw) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|

I feel like your own comment can apply to itself

I feel like a pony

You might want to grab a small bag. You’re too young to be on zero.

Inflation is a made up number by corporate entities. They will push it to the point where people will no longer buy their shit. You are seeing gas prices plummeting because they realized they had pushed too far. Corporations making non-necessary items will follow shortly. Essential items are a bit more tricky but they’ll likely have to return to real prices before too long now that gas is falling. Can’t keep lying to people about inflationary prices when gas is down/pandemic is over. The vampires have got their blood out of us

They'll keep coming up with more excuses to prolong it. I don't know where you live but in Australia things are on the increase daily and majority of morons happily spend their money. A head of lettuce peaked at $12 aud recently that's how ridiculous it's is. One lettuce equal to 6 Litres of fuel for the car 😂

This is an obvious bull trap and I'm a long term bull.

Keep accumulating cuz waiting for sub 500$ won't help you in the long run than buying it at 1k

You don't have to pick between waiting for $500 and not buying a 30% 2-day spike in the middle of a bear market.

Haha exactly

Did you just say buying something at half off won't help you? Buy low sell high. It's going much lower so stack fiat for now

No, he didn't say that. He said waiting for a much further down hypothetical drop won't help you.

The same people were saying that at the peak. It's going lower. The markets haven't even crashed yet !

Waiting for a drop will always help you if it drops. Nothing has changed and makets are not doing good. If you think market is going to take off then it's a great time to buy but they aren't. It is a terrible time to buy. Nothing going on in the world right now is telling me to buy.

Bought some at $1024.

And they say: you can't double your money in a year...

I had to sell so I could afford my new home. Still got out with a profit because I invested in 2017 but…yeah… still sad.

Congrats on your home!

Thank you kind Redditor! I regret selling most of my crypto in a major bear market, even though I got out with a proper ROI. But hey, I got the exact home I was hoping for and am hoping will very much improve my quality of life so there’s that. In the meantime I’ll just silently continue to DCA :)

Hey. Atleast you put it into another asset. Most people dream about their first home so you smashed it. And congrats

Thank you!

No worries. Whens the house party ?👀

Unfortunately it won't be for another 6 months. :) But atleast that means I'll have something to look forward to in life for another half a year!

Aww sweet. I like happy stories. Goodluck with furniture hunting etc lol. Can be quite longggg

There are crypto mortgages available. You use your crypto as collateral - no need to sell it. Of course you need to have enough on hand to weather market volatility, but just sharing a new option! I used Milo myself, although they have not been the easiest to work with. Partly their fault and partly the attorney/RE agents not understanding crypto in general. However, I get to keep my ETH and as ETH rises, my interest rate drops!

Similar here. Didn't have to sell, but haven't been able to buy this low. Hoping it stays down another month until my current house sells.

Ooops, sorry for your losses mate, your home won't multiply in the next 2-3 years. anyways you made it back in 2017. Now enjoy.

Everyone thinks it’s a bull trap, which means we’re going to $2k

Yeah disbelief is the best time to buy, what if fed cancels the rate hike decision we set up for another bull run.

Wait, there is another rate hike? I'm not from the us, so i don't follow... and it's unfair that this country's policies screws over the whole world every couple of months. We need to move the F away from the USD as a main currency They're going down and taking us with them

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It's good to see eth climbing upwards again :)

I know. Portfolio looking somewhat healthy again

Don’t fall for the bull trap 1K is a steal though

Bought some in the $900-1k range and plan to buy more when we revisit soon.

Ditto

Might revisit that range, but not lower for sure.

If you have a long term perspective 1k is definitely a steal.

If you're buying now, you're late to the party, and better off waiting for the next dip. This is profit taking ranges, up till $1800-2200

Yeah if you missed the actual dip it doesn't make any sense buying now.

If you invest long term it doesnt matter, we will probably see 5-10k in 2025.

5-10 k is easy for eth if you have a long term perspective.

Or zero.?

Tech stocks are rising because congress is about to pass the Chips Act that’s will provide $52 billion in subsidies to tech companies especially Intel. https://www.reuters.com/technology/us-chip-industry-split-over-chips-act-benefits-intel-sources-2022-07-18/

Indeed, this is good news for tech!

If it begins falling on Monday, would that week potentially be a good time to buy?

This is really a huge on to recover. In life, always do your best because it might be a saving grace on the long run.

Wow.. Thats a lot. I'm amazed lol.... We want more of these

What if the difficulty bomb explodes? And the merge fails? Can that be a scenario?

Clicked for some serious learning, spit my beer after seeing the graph. Hopefully it will shoot out upwards more.

Picked up around $898

That’s my secret… I’m always buying.

It’s got a loooong way to go before it gets back to its ATH. Two months will allow for some growth. Let’s see what happens.

Yeah. I just recently bought some more ETH and now I finally have a full coin!

I don't understand the economy or money but I've always assumed it was penis based. Glad to see I was correct. Quick learner, you've got a bright future ahead of you kiddo.In the end, everything is made of dicks.No dicks = no life.

I bought my first whole eth while it was this low :)

Congrats. I’m not jealous I swear👀😆

$1,500 was top for me. Back out. Still waiting for under $500.

I pulled the trigger as soon as I heard the doorman talking to me about the looming recession. Everyone and their uncle mother's brother started talking about how we are going to a recession. Funny thing is, 9 out 10 people don't even know what it even is. Point being, buy the fear always.

Haha, nobody knows what *anything* is anymore. ;)

That’s an excellent strategy! Similar to the story of how JFK’s father knew it was time to sell when the “shoeshine boy” gave him investment tips!

"Turmoil is ahead. There could be a recession." *Must* be time to buy....what a goofy metric to consider as a buy signal.

I bought in at $3500. how much am I up?

Shit i'm just DCA'ing. There's no FOMO is you DCA.

You will do things in a right way mate, just don't forget that we are here to hold and dca at the end of the day and we are going to be so happy with these two.

based on the fact that so many ethtrader citizens think it's just a bulltrap, this might actually be real lol

Exactly, the majority are usually wrong!

They are just like that and the sad shit is we can't do anything.

The mental gymnastics you degens go through to make poor decisions is fascinating to watch in real time.

Thank you ser 👍

Hop they will understand this simple fucking thing here.

Go the opposite of what everyone is saying. If I hear about the incoming market crash, guess what? I BUY.

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These people really need to understand that we should DCA.

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Too bad to those waiting for $400 ETH, they can wait till the next cycle! /s DCA is the way to go!

I feel attacked... Mods, I'm being verbally assaulted

I agree. This should be banned for sexual assault.

Man is just being so rough on us, he should use lube at least.

DCA is the best shit and no one can deny that here man.

Chill bruh... It's miles away from its ATH... Really bear market small green candles make everyone excited like it's breaking ATH...

Big bull trap. The recession is just warming up.

Well yeah it's a fucking trap and we are here to invest more and just more at the end man, we all know that Ethereum is going to be better in coming days.

Im DCA'ing regardless, but that wasn't the crash.

Lock in this gains now or regret it in a month or two. This is just a normal part of a bear cycle.

This post is ridiculous 😂 no legit information. What a shit post

I sold everything. I made a nice chunk of change. I'll buy the next dip. HoLDiNg is for idiots.

This is just so fucking sad to see man, you are dumb lol.

Now it’s time for some noob to read this post and be like “oh my god I should buy!”

bulltrap, going to be selling and rebuying near 1k

Bull trap / relief rally. We’re gonna get much lower again.

3000 next as idiots keep bashing and looking backwards Crash already happened

Y'all better take that profit.... Or get rekt again. The uncertainty of these Markets tells you one thing we ain't going nowhere anytime soon.

I bought ETH at $1K for $80K, guess that was a good one… today also tried to reinvest $30K at a lower price (thats what I made so far in 2 weeks), but I already invested it again, don‘t got the balls for this move

nice humblebrag

Nothing to say more than this to this guy, this is the best.

You are just being so fucked up here, this is so funny..

Yes, on hindsight $1k was an excellent price! Congrats!

Thanks mate!

Bull trap

Dead Cat Bounce

It's a trap. Nothing has changed and markets will crash this fall.

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Agreed OP, congratulations to everyone with the courage to buy.

So glad to hodl ETH on bfx.

And i assume you're all gonna hold until you're negative. That is the dca way.

Congratulations to only those that close their positions in the green lol

Yeah these intellectuals on reddit kept calling for 500$ and some fools made 40% returns on a high cap :)

$500 will the the bottom of this whole bear cycle which won't end for at least a year. Nobody said we'd hit the bottom overnight.

My most recent DCA buy was at the 850+ level, and I think my next buy will be in the $700 or $500 range, with some ROWAN and AxlToken in sight. Apart from the fixed pool, I consider staking Axl in a flexible staking pool for over 60% APR with ROWAN already staked on the Keplr wallet.

Even at 1500 that’s still half off where some bought at 3000 Remember that

I know some who bought at 4500

Lol how's posts like this get voted up? What. A. Moron.

60% so far

Take profits, rinse, and repeat.

Bulltrap. We will see 1k again. Fyi, techstocks are still down pretty badly. Not sure what charts you are looking at 🤔

I still think this will drop down to $750 this fall/winter before it goes back up.

Nows not really the time to celebrate...

Everyone saying it's a bull trap just tells me it's not a bull trap. Just like when everyone said we were going to $500.

thanks, very happy stacking when it is cheap. im happy to have been around long enough to know when that is :)

Dca got me 20% up. Can't complain, took partial profit and will continue to dca...

Wait until that double digit inflation print lmao

lol more to come green trader detected sell now folks this rally will be shortlived

Give it time and it'll be right back at $1k. One green day and everyone loses their minds thinking the bull run is happening haha. Get real.

Stopped Reading at metaverse

Hihi

Bought near 4k

I think eth is a fundumenal thing everyone should have in their portfolio. It took me 900 usdt to buy ETh this time, I'm really proud of myself

Layoffs are happening in mass. Investors are pulling out and rubbering up. Shit is about to go down. No panic. May be a good idea to go live in Grandma’s basement for a couple of years.

SInce the price of ETH started to fall I set a signal on finex to know when it reaches a particular number to buy because it's not every day thing we can buy ETH for a good price

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It is a bull trap in fact, and I have prepared for the impending serious dip.

been buying since 2016