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RE: Big Big Moves

in Discovery-it10 days ago

The poor (on the left) always talk about "eating the rich", well... the rich are doing a pretty good job of eating all of us, worldwide. I do hope there is some positive change in this in the near future, because this is the kind of thing that revolutions spring from.

Unfortunately, ALTs keep falling against BTC, which itself is at best just moving sideways. I think all these memecoins just killed any hope for ALTs, honestly. With most ALTs it was always 50/50 if it was real or if there would be a rug, but memecoins are 99.99% scam, and that is seriously making people sour on all ALTs. As they say, a bad apple spoils the barrel. We can't rule anything out, but things don't look good for them right now.

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Aren't you a ray of sunshine today... :)

haha hey I'm not any more happy about it than you are. I own too much ETH. But it's hard to ignore what the market is showing us.

I know. It's pretty rough. I am trying not to let it bug me too much, but I really wanted a big win this cycle. I didn't know you were heavy into ETH as well. I see a lot of bad stuff about it lately, but I think it's just haters and FUD. I think it still has a lot of potential. Ray seems to be pumped about it... :)

It does, but it also has the same negatives as ever. The high fees just aren't getting any better. And we've been reminded too many times recently how centralized it is. I agree with you, I think it still has a lot of potential, but I can also see why the market is cooling on it.

I probably won't buy too much, but I have some alts over there, so I want to be able to move things if necessary when the time comes.

Probably good long term. Short term... I don't know. I go back to what I have been saying on Hive and off for the past few months. The stock market is crazy high. Major bubble. The S&P500 is right up against that line of resistance produced by the 1929 high (before the crash) and the dot come high (before the crash). Trump's idiocy is really testing things... it already could pop at any time. He is not helping. If that pops, everything is going down a lot, including all of crypto.

Long term I think we are good, but shortterm I think we may have pain to come. All the more reason to just not look at prices, except maybe to buy ;) For example, if Hive drops under .20, I'm buying a ton of it.

That's my buy point too.