WAMMI
HI Friends,
After the rebound from $850 to $1,150 on Ethereum, I came up with a new acronym: WAMMI - we all might make it!
Has been painful to watch the post Proof of Stake transition on ETH see a dramatic drop in coin price. Some of it is related to the overall crypto market struggles, but I also think many people like me, who were in on ETH at sub $300, were finally deciding enough was enough, and taking profits while they could.
Many of us thought we would see a high flying ETH post POS transition, but it did not happen - similar to small cap stocks, you should sell the news as that is usually the peak.
Alas, I have held in hopes of higher ETH prices, and the recent rebound has me hoping that WAMMI.
Thanks for coming by,
Brian
Upvoted! Thank you for supporting witness @jswit.
I think BTC and ETH were the most over-owned cryptos by institutions and hedge funds, so as they get squeezed, those two see above average sell pressure.
buy the rumor, sell the news!