I've seen people hyping about this new year bulls watching every crypto is up, hell even the S&P is up 6% this year so far... but it's not the end
I'm here to remind you about "the merge" and the hype that happened last year and every human and bot on this subreddit (even ordinary humans too) were saying:
-this is it, ETH to 10k!! -hollyshit I'm crying I've been waiting for the merge since 2009 -oh damn I'm going to leave my mom's basement finally! -Ethereum won't be affected by bitcoin cycle anymore and it will top bitcoins price fuck yea! -invest your life savings its worth it!
well i just wanna say something, i will let my DJ say it for me
ok time for the lesson now, Here's a chart of ETH back from September
lets say you were trying to time the market, and buy exactly at the merge to not lose money congrats, mission accomplished! for 24h at least lol after 24h you'd be heavily in drawdown
what about now? okay let's see that green line represents the price at the merge so far you're almost at breakeven good job! you should sell now and buy lower, unless you go by the famous moto "buy high sell low".
Again, for the love of god, pls do your own fucking research before investing, and don't fall for the hype/FOMO/greed. and especially, don't take advice from influencers and Redditors.
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