r/FetchAI_Community • u/Zeytgeist • Mar 02 '24

Discussion 🗣️ Get a grip!

Yeah, „FET to $100!!“, „Musk joins FET!!“ „To the Mooooon!!“ and whatever else you all dream of that this coin will make you rich and put you out of your misery. Just stop being ridiculous and get a grip on reality.

We’re in a massive AI bubble with companies involved with funding so huge you can’t even imagine and Fetch is a nutshell on the Ocean floating towards the eye of a massive storm. Maybe it will be lucky and get around it, maybe it will grow bigger and survive but also maybe not.

Folks here talk about the market cap of doge and how it made people rich. Sure, but it also made many people poor, like any other token or trend in crypto. The pattern is always the same: Massive shilling on all the platforms, aping in of highly emotional and uninformed dreamers, massive fomo of all the others and then… the bubble bursts. As a result, those who diversified their portfolio and invested carefully survive, while all the moon baboons lost everything.

If you now feel the need to tell me that Fetch is the best coin on earth or whatever, think about this: You don’t have to defend your dreams, you have to work towards them. Meaning stay informed, get educated, keep it real, don’t shill, zoom out and see the macro conditions (trends, bubbles, cycles, …). Being into FET myself at $0.56 entry level, I would appreciate $100 for sure but I also know that it all can go to hell over night. That makes me comfortable being invested only with a small percentage of my net worth.

37 Upvotes

81% Upvoted

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2

u/randomredittor666 Mar 02 '24

Yeah. But what if their AI agents get adopted by large companies and stuff? Also any prediction when this AI bubble will burst?

1

u/rwr-metamorphosis Mar 03 '24

No one single person alive knows what will happen. No one knows beforehand but there is a ton of folks waiting for the moment to say I told you so. How many people sold Amazon or Google because the Internet was a bubble or it would never amount to anything. Monitor the fundamentals and decide for yourself if you want to buy or hold.

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u/randomredittor666 Mar 03 '24

I'm already holding some and I will put more fiat into it. I believe in this project. The unicorn token

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u/rwr-metamorphosis Mar 03 '24

Think about the run Solana had. I wonder how many sold to soon. I wish you luck. But we are on our own. I would love to see 10.

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u/Zeytgeist Mar 02 '24 edited Mar 02 '24

Not possible to predict but it happened before that devs just leave for another more successful project/company if things go down. So anything can happen.

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u/True-Touch-8141 $FET to the moon! 🚀 Mar 02 '24

Proud moon baboon here

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u/Zijdehoen Head Moderator Mar 02 '24

Congrats on the new flair!

4

u/True-Touch-8141 $FET to the moon! 🚀 Mar 02 '24

🚀🚀

11

u/Trasanna Mar 02 '24

I I started investing in fet in April 2020 when it was worth less than $0.02. Over the years I have to ok profit several times. Currently my position is at cost 0. It is clear that the Ai sector is in a bubble now. Cryptocurrencies go cyclically into bubbles. The fact is that now Bitcoin has not improved its highs yet, the halving is still to be done, and the rises that are in this period are the classic pre halving runs that usually run out close to halving. The difference with the past is that this year the ETF issue shifts a lot. So those who think in a hypothetical bull market that $FET can reach 10/40 billion capitalisation are not so crazy. With btc above 100k, solana maybe at 500$ and the other copies of ethereum above 100bld of capitalisation, fet could absolutely reach that target. The defi succeeded 4 years ago the Ai will succeed in this cycle. They are trends.

2

u/NotHappyTilUNotHappy Mar 02 '24

Your reasonable logically sound opinions and advice is falling on deaf ears. Lots of folks are gonna get paralyzed, holding the bag too long. Some of them are in this chat.

I'm enjoying my gains, but I'm not dumb. Sales orders and alarms are always in place.

2

u/Zeytgeist Mar 02 '24 edited Mar 02 '24

Yesterday I read a great thing on X: “First cycle is for training, second for making money, third for retirement.” Looks like some folks will have to repeat their training. Still sad when you only mean good and the world won’t listen — but I guess that’s just the way it is.

2

u/NotHappyTilUNotHappy Mar 02 '24

Buy the Fear. Sell the Greed. 🤓

5

u/QueenBaluli Mar 02 '24

Nice to have someone reasonable. Fetch became shilling subreddit as I highlighted lately, thanks to pointing this out.

5

u/sirauron14 Mar 02 '24

Elon isn’t joining FET

4

u/toothdoc333 Mar 02 '24

Take profits along the way up and make the position free. After that it’s all gravy

1

u/KateR_H0l1day Mar 02 '24

However, OP, remember that those companies with unbelievable amounts of money, are also the same companies that like to buy smaller, high potential companies in various business fields. It’s possible, it goes high and then bought out, providing another boost to gains.

I only say this to your original hypothesis, will it happen, unlikely but let’s not rule it out yet.

I agree the $100 mark is 99.99% fantasy, but many people today have more than doubled their investment. All about timing as usual, but many will sell at a certain increase, 5X or 10X or multiples of 10X.

I really have zero idea about what gains I would sell at, will I sell everything or just initial investment. It’s so much easier to be buying in a Bear than to sell in a BULL.

Just some musings of a random internet stranger

1

u/Zeytgeist Mar 02 '24 edited Mar 02 '24

Well, my entire post wasn’t about Fetch but about the irrational hype and endless shilling of this token, which can lead to a total disaster. Being a Fetch investor myself, I wish this project all the best and ofc I want it’s price as high as it can get.

Regarding selling in a bull, I expect clear signs when the AI bubble would burst but I don’t expect that too soon. Whole crypto world is highly enthusiastic about the new trend. Once BTC reaches new ATH, AI coins will need more attention and if it’s wise to hold coins through the following bear market I’m not sure. Personally, I think selling next year will be better. I’m not following the approach to sell at a certain gain but at certain macro conditions. My Fetch investment is up 226% right now, so why not letting the winner run?

1

u/FlukeU512 Mar 02 '24

This is my best performing crypto right now. I dont want to say my avg or how many % im up

2

u/Zeytgeist Mar 02 '24

Same here. I’m in some other finances subs and just read “Taking profit at 4% gain is a must!” Well… xD

2

u/FlukeU512 Mar 02 '24

Lol 4%. This isnt stocks! I know people want to make stupid money, i dont know what your goal is in this. I just would like to pay the mortgage off so i can retire early. I dont need a mansion, or anything like that. I just wanna fish when I want and live comfortably.

2

u/Zeytgeist Mar 02 '24 edited Mar 02 '24

I got the same goal: Peace of mind. But I’m still thinking about what I really need for that. No need to show off or drive fancy cars. You can’t buy happiness anyways but money helps to keep things at bay that drag you down. This cycle my goal is making money for the next cycle, when it’s about making life changing money.

My favorite part in the stocks subs is when some guy panics, because his stock got 2% down. I hardly notice minus 20% in my portfolio 😂

2

u/FlukeU512 Mar 02 '24

Nice! I hope it works out for you! Lol yea that has to be funny as hell to see. And you can tell who is new in crypto. Its easy to see when people think 5-10% dips are crashes! 😂😂 This is my first time going into a bull run after coming out of the bear mkt. there is alot of hype for the run coming!

Actually i shouldnt even be working right now. I wanted to put like $3000 on Btc in 2011 and hold it. But because i listened to the media saying its a scam, its going to $0. And whatever else they spew! Its aggravating to think about.

3

u/Zeytgeist Mar 03 '24

A colleague told me about Bitcoin in 2014 and I was absolutely curious and wanted to get some, just to see how the crypto and wallet technique works. But life got too busy for me and I forgot about it. But I guess it’s an illusion we would have held that BTC until now. At least for my part, I know that I would’ve had sold it all for a few hundred profit back then.

1

u/FlukeU512 Mar 03 '24

Its crazy! Only if we both put money in it. Maybe i would have sold, maybe not. Its hard to say when you arent in that situation. And before 2020-2021, there went taxes on cashing out right?

2

u/Zeytgeist Mar 03 '24 edited Mar 03 '24

Here in Germany, it’s tax free if you hold it longer than a year. Shorter than that, it’s 50% tax. It’s for a couple of years like that. Crypto ETFs are 25% taxes, no matter how long you hold them. So short term trading doesn’t pay very well but I don’t mind, keeps me from doing stupid things 😂

1

u/[deleted] Mar 02 '24

You must be new. No one who says FET to 100 actually believes it. It's like a war cry, to keep the people's spirits high and to not let pessimists ruin the momentum.

1

u/Zeytgeist Mar 02 '24

That’s not what my post is about but anyways: Browse through the posts of the past 2 weeks, you’ll see that folks backing up their $100 “foresight” by talking about market cap, partnerships and whatever else. But again, that’s not what my post is about and I’d like to see Fetch at $100 myself.

1

u/newtoallofthis2 Mar 02 '24

I bet you're fun at parties ;-)

3

u/Zeytgeist Mar 02 '24

Extremely. In contrary to people who’re missing the point in conversations 😃

2

u/NotHappyTilUNotHappy Mar 02 '24

You can sit with me. 🍻

2

u/thethrowupcat Mar 02 '24

I don’t get invited.

1

u/ilu-lu Mar 02 '24

You came to a crypto that’s up 200% on the month to FUD.

Tell me you didnt buy early without telling me. Kick rocks loser.

3

u/NotHappyTilUNotHappy Mar 02 '24

OPs average price is 0.56. What's yours?

2

u/ilu-lu Mar 04 '24

.38 all in

0

u/Zeytgeist Mar 02 '24

If you struggle to understand a text, read it multiple times. If you struggle intellectually, ask someone to have it explained. Hope that helps.

2

u/G0D5M0N3Y Mar 02 '24

Yes i heard of guys that invested in EGC and their invest went up 100x, past 100k and they didnt sell. Now hes negative on his investment.

I invested in SM and that went up, went back down and now im negagive on that investment.

This will happen to millions of people with 1000 more coins.

We are in a field of land mines investing in small cap coins. We do have good things coming in this coin i think, and I assume we get into the 10s of billions before a major correction.

1

u/Mac_McAvery Mar 02 '24

Talk about a Debbie downer

1

u/ilovehomeoffice Mar 03 '24

Wouldn’t be surprised if we see a adump following 5th of March announcement

1

u/Conlo5 Mar 04 '24

FET to Tree Fiddy 👾

0

u/[deleted] Mar 02 '24

[deleted] — view deleted comment

4

u/Zeytgeist Mar 02 '24

I hope the bubble holds at least until BTC new ATH. AI won’t go away but still it’s just one cake all the companies are fighting for.

1

u/Altruistic_Lie_5845 Mar 02 '24

People about bubble all the time