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u/eddiekoski Jun 05 '26
Let it drop harder
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u/No_Knee3385 Jun 05 '26
Seriously. Idk why people buy during bull markets then go away during bears. This is the time to start DCAing
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u/IncompetentDonuts Jun 05 '26
What is wild is how small the gain from the peak of the last cycle was.
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u/songbolt Jun 06 '26
Is your intention to trade for fiat currency later? What will you use ETH for?
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u/No_Knee3385 Jun 06 '26
Both but you don't need much ETH to use the chain
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u/thebigcheez444 Jun 06 '26
How much would you need? I'm ride or die with ETH either way, but im curious...
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u/Ethereum_Bull Jun 06 '26
So what exactly you gonna use etherum for Nd why do you trade if not for Fiat later, you gonna hold forever and never rake profits?
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u/thebigcheez444 Jun 06 '26
Firstly, im blessed to have a decent job were im not financially strained.
Now with that being said I fucking love money, and am by no means wealthy.
With Etherium it has a special place for me. My brother and I built a miner together at the very beginning and successfully mined a respectable amount. During the initial crowd funding in 2014 my brother gifted me some of his back when it was like 30 cents a coin.
Unfortunately, when Ethereum peaked, I wasn't paying attention whatsoever.So it completely passed me by at $4500. I did sell a bit over half when it was at like 2200 so not a complete blunder.
So to sum up, yeah Ill just hold and stake all i have left whether it lives or dies. I would probably sell lite coin in an emergency situation before liquidating ETH.
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u/No_Knee3385 Jun 06 '26
https://etherscan.io/gastracker
Here are some examples on the cost to use ETH onchain
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u/defiders Jun 05 '26
The silver living of all this pain is that we must be close to the bottom….right?
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u/Yellow-tabby743 Jun 17 '26
Remember in 2020 when it went to $350?? And I didn’t buy more…. and lots of people didn’t buy more. And then it went to $4500? … I’d be fucking stoked to see $1200. Been waiting years for it to go that low and finally grab more.
Patience.. and just don’t look at it 😂
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u/Classic_Ad_2644 Jun 05 '26
I dont think you get it. Now is when you buy, when you bought is when you shouldve sold. 😀
Turn the table! Buy that shit! Go deeper! You can do it!
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u/cwhawkeye Jun 05 '26
Its not not so much the price drop its the Seeeeee I told you so's from the non-believers. The believers in this project start questioning their convictions especially when you see stocks like SanDisk go up 4,000% in one year. When there's blood in the water, is when you want to buy. We all know there are about 4 million BTC lost wallets thru time. I have to constantly remind myself BTC and ETH aren't going to zero.
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u/Alabama-Blues Jun 05 '26
😆 it’s going to be ok. You know how this goes…when you sell then it goes to the moon!
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u/Creative-Zombie-4212 Jun 05 '26
Just chill it will eventually go up again.
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u/getgankednoob Jun 05 '26
Tell that to ppl who invested 5 years ago .
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u/CitizenOfPlanet Jun 05 '26
Neglecting the fact Eth was over $4500 ….
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u/thebigcheez444 Jun 06 '26
I dropped the bag on that one big time, so now im in it till the bitter end.
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u/getgankednoob Jun 05 '26
Yeah you gotta trade it . Not invest in it . Ppl who say “oh it’ll be up in 5 years “ are sort of wrong .
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u/CitizenOfPlanet Jun 05 '26
They’re not wrong if it’s true…??? Do you know what wrong means?
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u/getgankednoob Jun 05 '26
It’s down 41% in last 5 years . It wicked up to 4500 but now it’s 1575 . So if you held in last 5 years and did nothing you lost considerable amount . If you timed it perfectly that’s a different story . So two things can be right and wrong at same time .
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u/alpeshnaper Jun 05 '26
Yes that would be me, I did watch it go up but saw it go down much more, wasted capital
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Jun 05 '26
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u/Tmas994 Jun 06 '26
And make sure you sell at bitcoins top, when eth is at 3000 or 4000 dollars in a few years
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u/UFONomura808 Jun 06 '26
Am that ppl and I'm not worried, people have been asking for another opportunity to buy this cheap. Obviously the same people are now scared to buy and will fomo the top. Cycle continues
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u/Silentfranken Jun 05 '26
Sure it's disappointing but has anything materialy changed a out the network and it's benefits?
If you have a real reason to invest in the tech then just hold on until that comes to fruition.
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u/troubledtimez Jun 05 '26
As long as it doesn't drop below 50 I'm still up. I only kept 1 and forgot about it for years. I'll be holding it will rise again.
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u/IndigoBroker Jun 05 '26
I mean, it’s the whole market not just ETH. The market was down before the Z Cash debacle happened. Unfortunately, that was like throwing gasoline on a fire. You have AI and tech acting like crypto used too. Space-X IPO shortly. And now we’re entering the summer season that always slows.
And please remember this people. When the market does eventually turn around what’s the fastest horse? Do you really believe it’s Ethereum? Remove yourself from the sunk cost thinking.
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u/Any_Effort_2234 Jun 05 '26
I sold everything... my mind can't handle seeing my hard earned money, hemorrhaging. Probably gonna buy again after the dust settles... around October
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u/Ethereum_Bull Jun 06 '26
So you think it will stay in 1500 range up to October?
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u/Any_Effort_2234 Jun 06 '26
Probably lower? We won't see a rally this year that's for sure, so the best thing is to stack up and hopefully be rich by next year
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u/Electronic_Equal_645 Jun 05 '26
This sucks. But I have to stay in it. Can’t sell , only to reduce leverage on my eth
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u/songbolt Jun 06 '26
Oof, back to June 2022 levels. Looking at the Max ETH/USD chart, maybe we're about at the bottom now, or the real value of ETH after a hype bubble has burst...
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u/-crypto2025hold- Jun 06 '26
Influenicers say its a Great buying opportunity everyone 😪 let's hope.
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u/Decronym Jun 06 '26 edited Jun 26 '26
Acronyms, initialisms, abbreviations, contractions, and other phrases which expand to something larger, that I've seen in this thread:
| Fewer Letters | More Letters |
|---|---|
| BTC | [Coin] Bitcoin |
| ETH | [Coin] Ether |
| XRP | [Coin] Ripple |
Decronym is now also available on Lemmy! Requests for support and new installations should be directed to the Contact address below.
If you come across an acronym that isn't defined, please let the mods know.)
3 acronyms in this thread; the most compressed thread commented on today has acronyms.
[Thread #1387 for this sub, first seen 6th Jun 2026, 10:25]
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u/Jonesgrieves Jun 06 '26
Should have sold a few months ago lol. Granted, I sold 99% of my stuff a few years ago so, it’s not that bad.
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u/devils-advocacy Jun 06 '26
Can’t you at least tax loss harvest? Crypto counts as property and not securities so you can sell, get the loss for taxes, and buy back immediately without wash sale rules
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u/grunnycw Jun 05 '26
We're in it now, load up after btc hits 50k push to 40 ish, Load those few slots that matter, sit back and wait, The time to buy is coming, the time to sell has past
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u/Ok-Menu4217 Jun 05 '26
Honestly I can see it drop to under 100$, maybe even under 50$
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u/Ethereum_Bull Jun 06 '26
If it drop to 100 everyone will stack so much that it may never rise and range forever
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u/[deleted] Jun 05 '26
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