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RE: All are welcome, Step into the hype. Buy Ethereum! Buy Litecoin! NO, you say?
Ethereum will likely reach $100 next month, probably in the next week.
Ethereum will likely reach $100 next month, probably in the next week.
I agree, however the point is if you buy now and a gox/major bug type event happens, you may not see the price return to that level maybe ever if inflation/supply is too high.
That is why you hedge and diversify your assets. You don't want to go all in on anything.
Listen, I don't do that, but you do have people ask you about this sort of thing who know nothing and they are just trying to put in money now at the top of the market.
I have even had family members who own no crypto asking me at the top of the markets if they should buy, and they only look to buy one type of crypto. These people who are buying at the top often lose because they soon sell off, since they have no faith or understanding of the cryptoworld.